"RV UPDATE" BY NADER FROM MID EAST & YADA, 14 NOV

 Nader From The Mid East 

 Article quote:  "The governor of the Central Bank, Al-Alaq failed to control the rise in the dollar exchange rate." 

Don't panic.  Alaq has nothing to do with what's going on.  He's not doing a very good job.  He's a very good guy, hard worker, doing whatever he can but I think this job is too big for him to handle...

I would not be surprised if he got fired.  I would not be sad either...He can not handle the job.  He should do something else...He's not good at controlling things.  He can't control the CBI.  It's too big for him...I'm not saying they're going to fire him, maybe not.  Maybe he's going to get his shit together and do a better job but don't panic.  This has nothing to do with what's going on.

 yada  

   Review from the articles... The PM announced the banks are now able to exchange foreign in country last week. The digital connections have been activated to collect the tariffs and taxes from all border crossings Monday last week. Their stock mark showed a 3000 point drop in dinars this past Sunday. To me, the dollar to dinar value is adjusting to the actual reissued value of the dinar. 10 days or so, 12 countries did currency swaps with Iraq.  

Contracts that were previously agreed upon are being signed from countries coming into Iraq to do business. TOTAL being one of the largest and along with the infrastructure contracts. All this requiring a new REISSUED rate. IMO, they've gone a far as they can go without not changing the rate...

...we are witnessing the process playing out before us. It means the checks and balance were put in place by the stopping of the launding the dollar causing the decline of the use of the dollar in country. The seed was placed in the ground with all the regulations and the growth started and now, it is braking the surface such we will benefit from it...Articles have revealed it will not be in vain and the change over is taking place...NOW!

Iraq’s Political Landscape Shifts as Ministers Resign Following Speaker’s Dismissal, 14 NOV

 Iraq’s Political Landscape Shifts as Ministers Resign Following Speaker’s Dismissal

In an unprecedented political shakeup, three ministers backed by the Taqaddum party, a group with ties to Iraq’s House Speaker Mohammed Halbousi, have tendered their resignations from the Iraqi government. This startling move comes in the wake of the Federal Supreme Court’s decision to remove Halbousi as Speaker of Iraq’s Parliament on grounds of forgery charges, a ruling that is final and non-appealable.

Ripples of Political Shakeup

The court’s decision has not only stripped Mohammed Al Halbousi of his prominent role but also removed Mr. Al Dulaimi as a member of parliament. The finality of the ruling, which cannot be appealed, means the parliament faces the imminent task of electing a new speaker. This upheaval has significant implications for Iraq’s political landscape and is predicted to cause ripples in the upcoming provincial elections, scheduled for December 18.

The Dispute’s Background

Behind the court’s decision lies a dispute between al-Halbousi and al-Dulaimi, with al-Halbousi branding the court’s ruling as ‘strange’. However, the court’s decision stands, marking a significant turn of events in Iraq’s political sphere. The departure of three Taqaddum party-backed ministers from the government underlines the far-reaching impacts of this ruling.

Future Implications

The court’s dismissal of both Mohammed al-Halbousi and Laith al-Dulaimi, with no details announced, signals a shift in Iraq’s political dynamics. With the ruling being final and non-appealable, the immediate task ahead for the parliament is to elect a new speaker, a move that will undoubtedly shape Iraq’s future political trajectory. The forthcoming provincial elections will provide a crucial test for the country’s political stability in the aftermath of this ruling.

https://bnn.network/politics/iraqs-political-landscape-shifts-as-ministers-resign-following-speakers-dismissal/

After the decisions of the Riyadh Summit, Iraq is considering reducing its oil production by one million barrels to stop the aggression against Gaza, 14 NOV

 After the decisions of the Riyadh Summit, Iraq is considering reducing its oil production by one million barrels to stop the aggression against Gaza

Iraqi oilAn Iraqi government source revealed on Sunday that the government is holding discussions to reduce Iraq’s oil production after the decisions of the Arab-Islamic Summit on Gaza.

The source said, “Prime Minister Muhammad Shiaa Al-Sudani met yesterday, Saturday, with the Minister of Oil and his energy and economic advisors to discuss making a decision to reduce oil exports by one million barrels per day from the allocated export quota.”

He added, “This decision may be taken due to the Arab-Islamic summit not reaching effective decisions to stop the fire in Gaza.”

almawrid.news

CBI & US Fed Reserve Intensive Meeting💣VND News!🤔Iraq Dinar RV Updates |...

Parliamentary Finance reveals to “Al-Ma’louma” the details of the discussions between Iraq and America regarding the dollar, 14 NOV

 Parliamentary Finance reveals to “Al-Ma’louma” the details of the discussions between Iraq and America regarding the dollar, 14 NOV

Parliamentary Finance reveals to Al-Ma’louma the details of the discussions between Iraq and America regarding the dollarInformation / Baghdad..

Today, Monday, the Parliamentary Finance Committee revealed the details of the discussions between Iraq and America regarding the price of the dollar against the dinar, while indicating that the Central Bank of Iraq has developed solutions to control the continuous rise in exchange rates.

A member of the Finance Committee, Moeen Al-Kazemi, said in an interview with Al-Maalomah, that “the Central Bank is making intensive efforts through its discussions with the US Federal Reserve to ease restrictions on Iraqi banks, as well as developing practical solutions to liberalize the Iraqi currency by opening outlets in most countries of the world for dealing.” In various foreign currencies instead of the dollar.

He added, “The restrictions imposed by the US Federal Reserve and the failure to release Iraqi funds in dollars are behind political reasons for the purpose of its dominance over countries of the world, including Iraq.”

He pointed out that “Iraq receives approximately $10 billion monthly from selling oil, but it is deposited in the US Federal Reserve, which is constantly trying to obstruct its release.”

Al-Kadhimi continued, “The Central Bank has taken new measures by opening multiple outlets in countries around the world that deal in the currencies of the Chinese yuan, the Indian rupee, the European euro, and the Emirati dirham.”

It is noteworthy that the US sanctions are raising a wave of concern among the Iraqis, especially since all government and central bank measures have not succeeded in bringing the parallel exchange rate closer to the official rate.

almaalomah.me

Pressure paper.. Deputy identifies four factors that confused the dollar market, 14 NOV

 Pressure paper.. Deputy identifies four factors that confused the dollar market

Pressure paper.. Deputy identifies four factors that confused the dollar marketInformation/private..

On Monday, Representative Muhammad Al-Baldawi identified 4 factors behind the continued turmoil in the dollar market in Iraq.

Al-Baldawi said in an interview with “Al-Ma’louma” that “the post-2003 accumulations, the security unrest, and the lack of clarity of a comprehensive vision for reviving the national economy led to the dollar becoming an influential standard in the economy, especially since all the oil sold goes to a bank account in America before it is sold.” He arrives in Baghdad.

He added, “The turmoil occurring in the parallel market and the rise in the dollar exchange rate in recent weeks are clearly behind 4 important factors, most notably the US Federal Reserve’s delay in sending dollar shipments to the central bank and its repeated threats to impose sanctions on it within the framework of an American pressure policy that wants to directly strangle the national economy.” “.

He pointed out that “the economy is a clearly defined American game that is trying, through the dollar, to raise prices and create instability in the markets,” pointing out “the importance of reconsidering the diversification of the basket of currencies and seeking to end the file of dollarization in the markets by adopting the dinar to pay internal dues to reduce… Demand on the parallel market.

The dollar selling market is witnessing a state of instability in light of the continuous rise and fall, which has created a worry in the Iraqi markets.

almaalomah.me

"RV UPDATE" BY FRANK26 & FIREFLY, 14 NOV

 Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY:  The United States is meeting all day with Iraq on ways to help with the dollar crisis and now JP Morgan has stepped in too.  They say JP will...help five Iraqi banks and this is a firm standpoint that will help start an end to the black market issue.  We believe it would be the start of also of the float...

  FRANK: ...They are preparing you to make an announcement on your new category notes.  JP Morgan has always said this dinar investment is a scam and now they are 100% behind the dinar monetary reform huh?  Why?  Because they are about to explode the currency internationally with the CBI.

    Right now the monetary reform plan is telling you we're going to be part of the WTO.  Now, we don't have to have a rise in our currency but we have to have restriction free currency so that our currency can be internationally accepted.  Therefore our currency can now float internationally in an international basket...

Question: "Will there be a short time frame that the Iraqi citizens are informed of the rate change and able to benefit before the rest of the world finds out or do you feel we will all know when they know?" 

 We'll all know at the same time...But a dinar is a dinar inside of Iraq.  It will not be affected by the external exchange rate as it grows it stays at whatever exchange rate they release it at internally. Will citizens become rich?  No, I wouldn't say they're going to be rich but they're going to have a lot more purchasing power...