Iraqi prime minister emphasizes security cooperation with Iran
Shafaq News/ Iraqi Prime Minister Muhammad Shia al-Sudani met with Ahmad-Reza Radan, the Iranian Chief Commander of Law Enforcement, in Baghdad on Monday.
The discussions centered around various aspects of cooperation between Iraq and Iran, particularly in maintaining internal security, combating organized crime, coordinating border control, and fighting against drug trafficking—issues identified as common challenges for both nations.
Prime Minister al-Sudani underscored the significance of collaboration between the police services of Iraq and Iran to uphold the law, extend security and stability, and enhance partnership, trade exchange, and integration in various economic sectors.
Iran and Iraq share a long and complex relationship, marked by both cooperation and conflict.
Recent years have seen an increase in security cooperation, especially in the fight against terrorism and the Islamic State.
Key aspects of Iran-Iraq security cooperation include border security, joint patrols, and the exchange of intelligence information.
Both countries also share a common enemy, ISIS, leading to joint counterterrorism efforts, intelligence sharing, and military assistance.
Al-Sudani And Zidane Discuss The Judiciary’s Efforts To Hold Foreign Currency Speculators Accountable
Political | Baghdad - Mawazine News Prime Minister Muhammad Shiaa Al-Sudani discussed with the Chairman of the Supreme Judicial Council, Faiq Zaidan, the efforts made by the Iraqi judiciary in holding accountable those who manipulate the people’s livelihood and foreign currency speculators.
The Prime Minister’s Media Office stated in a statement received by Mawazine News, that “Prime Minister Muhammad Shiaa Al-Sudani met this Sunday evening with the President of the Supreme Judicial Council, Faiq Zaidan, and during the meeting, a number of files and judicial procedures taken for the sake of sovereignty were discussed.” law and enhancing security and stability in the country.”
He added, "The two sides also discussed the importance of strengthening the efforts made by the Iraqi judiciary in holding accountable those who manipulate the people's livelihood and foreign currency speculators, with the aim of destabilizing the market, affecting the living conditions of citizens, and disrupting government plans to achieve economic and financial reform."
[via WiserNow] If anybody thinks that there are no 800 numbers or actually it's probably an 800 number...They really don't know anything - if they don't know this... our contacts are at the redemption centers...
we know what's going on. We know, for example, that there was a very, very good dinar rate on the bank screens...and it'll migrate to the front screen of the banks... but realize this, our redemption center rates will be higher than the regular bank screens...Bank screens are tied to the Forex...redemption centers are not. They have their own rates and will have the very best and highest rates for us.
...first of all regarding Iraq, very early in the morning...Friday... the ATM machines which have been loaded with lower denomination dinar...meaning being 5 / 10 / 20 /50 / 100’s - sort of like we would have 20s in our ATMs.
I don't know how many different denominations they have...those are activated early this morning for the first time – that’s new...So the lower denomination dinar are in the ATMs and were utilized...
A Representative Talks About Several Reasons Behind The Dollar Crisis And Identifies The “Most Dangerous” Of Them.
Baghdad today – Baghdad Today, Sunday (November 12, 2023), the representative in the Iraqi Parliament, Muhammad Al-Baldawi, considered that there are several reasons behind the dollar crisis in Iraq, but the most prominent of them is the American prevention of financing the Central Bank of Iraq with all its dollar needs.
Al-Baldawi said in an interview with “Baghdad Today” that “the rise in the dollar exchange rate in the parallel market has multiple dimensions, but the most important reason for it is America’s deliberate failure to disburse Iraq’s dollar dues and deliberately delaying them. That is, we are facing direct intervention by Washington in a financial file accompanied by threats.” Imposing sanctions on the central bank.
He added, "All that is happening are means of pressure adopted by the White House towards Iraq in order to achieve several goals, the most prominent of which is making Baghdad a prisoner of its plans in the region."
He pointed out that "America must realize that what it does in Iraq and other countries will ultimately reflect on it, and trying to exploit the economic dimension to harm countries will not achieve anything, especially since world opinion has become dissatisfied with its positions, especially in the recent Gaza events, which provided a cover for the Zionist entity to exterminate an entire people." With American-made missiles.
In contrast to this opinion, the Central Bank administration reiterates from time to time that the dollar is available and there is no shortage of it, and that what is happening is the presence of suspicious trades and operations to obtain the dollar and smuggle it to other countries.
The Central Bank confirms that it is able to meet all “transparent and legitimate” requests for the dollar, whether for import or cash requests, provided that they are legitimate and reveal the ultimate beneficiary to whom this dollar will reach.
However, observers believe that this is relatively inconsistent with the recent trend of the Central Bank to allow banks to import foreign currency from abroad, meaning that it suggests that the Central Bank is facing difficulty in obtaining dollars from the US Federal Bank. LINK
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark mods and all!
Member: Hope everyone had an Amazing weekend!!
Member: Mr Mark. We are approaching the end of the year. Start of Christmas festivities. Do you have official news about asset operations? About payments and liquidity? Will it still come out this year?
MZ:: I don’t expect us to wait much longer. The chatter is huge …..Some still thinks we will start tomorrow to set appointments……we shall see. Nobody knows the exact timing.
MZ: Mr. C has not been paid yet.
Member: Nader doesn't think RV will happen till January
Member: Looks like its now going into January…..makes sense to start at the new year.
MZ: It’s possible. They do want all use of the US dollar for all transactions to stop on Jan 1st. But to me ….it should go well before then to make that a realistic goal.
Member: Most people need this like yesterday
MZ: The whole world needs this . Governments, economies….everyone needs this.
Member: So whats the delay?
MZ: Nobody said there was a delay
Member: We are all Charlie Brown. they keep pulling the football away, and we keep going back for more...
MZ: MilitiaMan dropped a fantastic video last night….everyone needs to go listen….he did a great wrap up on things that happened last week and more conversations about strengthening that international role of the dinar and ascending to the WTO . Please go like and follow him. This is real economic progress on them changing their value .
Member: So 34 Trillion in debt, so where is $270 trillion coming from to pay us $3 ??
Member: US will easily pay the debt with the foreign currencies the treasury holds . That’s the way out .
Member: . US treasury holds trillions of Iraqi dinars and other foreign currencies this is their way out of debt ….imo
Member: If Nesara is real….all debts get wiped out and everyone starts over…..hope its real.
Member: Nesara Constitution ! No property taxes or product taxes ! 1955 prices ! Asset backed real money ! No inflation ! We are good !
MZ: “ This happened this weekend and is indeed true….. : “ Moody’s downgrades the US debt rating outlook to negative” The Treasury and the Fed are not happy about this. Moody’s ssays the chances of the US suddenly fixing its spending problems…suddenly balancing their budget so they don’t add any more debt is completely unlikely. ….or impossible. Its highly improbably that the US is not going to crash and burn at some point economically.
Member: I believe we will redeem into the new gold backed monetary system……just hope its soon.
Member: on Jan 20th being the Global Gold Monetary fund launch for its gold backed currency in the Philippines.
Member: I wonder- Does the ISO2022 have anything to do with receiving our blessing. It goes into effect nov 19th
Member: My Wells F branch is operating with skeleton crew. Recently they remodeled by adding 10 sound proof cubicles for private consult. At present the cubicles appear to be useless. Just saying...
Member: Somewhere this morning I read the Iraqi gov't is getting sick of the US crawfishing on the RV and are threatening to go alone. True or not, I don't know.
Member: I thought I read that IRAQ said by this Wed THEY were going to Pull the Trigger...Iraq is tired of waiting on US…hope its true.
Member: I’m a numbers person and the dates between 11/11/2023 and 11/19/2023 all add up to the date of the month. Coincidence?
Member: Remember friends that is all a movie. There is so much to be revealed. Stay grounded. It will all be okay.
Member: Thanks Mark and Mods……
Member: Mark I try to watch every day and enjoy and appreciate all the time you spend researching for US. GOD bless you and GOD bless the USA,
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
An Economist "Limits" The Solution To The Exchange Rate Problem To One Condition: It Will Not Be Solved Without It
Baghdad today – Baghdad Economist Nabil Al-Marsoumi confirmed in a blog post on Facebook, followed by “Baghdad Today”, today, Sunday (November 12, 2023), that the exchange rate crisis in Iraq cannot be solved without solving the problem of financing trade with Iran.
While exchange rates continue to rise by about (30 points) at least from the official rate decided by the Central Bank, which decided to raise the value of the official exchange rate of the dinar against the dollar by 10 percent in a measure aimed at reducing the decline in the value of the currency that accompanied the adoption of more regulations. Strictness regarding financial transfers outside the country.
The government then agreed to the Central Bank’s proposal to raise the value of the exchange rate from about 1,470 dinars to 1,300 dinars per dollar, which had a clear impact on the exchange market at that time by reducing prices that reached the level of 1,700 dinars in the parallel market.
Earlier, an Iranian official revealed that Baghdad was moving to propose dealing with Tehran in exchanges in the Iraqi dinar instead of the dollar or other foreign currencies.
The commercial advisor to the Iranian embassy in Iraq, Abdul Amir Rabihawi, said at the meeting of the Joint Iranian-Iraqi Chamber, which was held early last July, that this proposal would be in Iran’s interest, especially in view of “the sanctions on Tehran,” noting that this means implementing all exchanges between men. Business in dinars instead of dollars.
Economists believe that “making an exchange with the Iraqi dinar instead of the dollar supports the Iraqi national currency, and that this matter may also have a political message from Tehran to the United States, that dealing in the dollar can be easily abandoned, and it may involve risks that the Iraqi dinar will be exchanged by Iranians at weak prices lead to a collapse in the exchange rate of the Iraqi national currency against other currencies.
Also, “the idea of using local currencies in trade exchange between Iraq and Iran was an idea put forward by the Federal Reserve in its meetings with officials, and it is applicable despite its difficulty, and it is closely related to Iraqi payments related to the import of electricity and gas, as it was proposed that they be placed” in an account in the bank. The Central Bank of Iraq, to be used to finance purchases and imports related to the humanitarian aspect that Iran is allowed to import, but the trade balance between Iraq and Iran tends in favor of Tehran at about 10 billion dollars annually.
Despite the measures taken by the government to prevent currency speculation, experts and specialists confirmed that “the solutions did not address the structural defect in the economy, as the commercial sector was not reorganized, and the banking system did not fully comply with international standards and the Federal Reserve Bank (the US central bank) in transfer operations.” which is conducted daily.
Also, "the levels of transfers that take place daily are still high and not commensurate with the size of the Iraqi economy, which exceed 200 to 300 million dollars on some days."
On the other hand, “some merchants are complaining about the delay in executing their financial transfers, which has resulted in financial burdens, which the Central Bank’s procedures have not addressed. Therefore, many of them have returned to buying dollars from parallel markets, even if they are at prices more expensive than the banks.”
Iraqi banks must now manage these transfers through the “SWIFT” electronic platform, which is synonymous with more stringent monitoring of transactions, especially by the US Federal Reserve, which rejects any transfer deemed suspicious.
Iraqi banks must currently register “their dollar transfers on an electronic platform, which checks the requests... and the Federal Reserve examines them, and if it has doubts, it stops the transfer.”
With the beginning of the implementation of the electronic system, the Federal Reserve rejected 80 percent of requests for financial transfers to Iraqi banks against the backdrop of doubts related to the final destination of those amounts being transferred.
