Monday, November 20, 2023
"RV UPDATE" BY PIMPY, 21 NOV
Pimpy
Article: "Changes in business dealings...Iraq replaces the dollar with other currencies to stabilize the dinar"
All this is good news but it's going to take a little time for some of this to be implemented. What I'm looking forward to is seeing how Iraq does in the first quarter of next year because by then all the kinks should have been worked out of these programs implemented and we should start to see the results in the first quarter of 2024.
Iraq is rocking and rolling on infrastructure. This is going provide a lot of jobs. This is going to start really opening up the economy for Iraq...Things are starting to rock and roll, let's hope nothing spoils it...Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges, 21 NOV
Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges
Posted On2023-11-20 By Sotaliraq 2023-11-19 The exchange rates of the US dollar against the Iraqi dinar stabilized on Sunday in Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the two stock exchanges.
Our correspondent said that dollar prices stabilized with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 157,900 Iraqi dinars against 100 dollars, which are the same prices that were recorded this morning.
Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 158,750 Iraqi dinars for 100 dollars, while the purchase price reached 156,750 dinars for 100 dollars.
In Erbil, the dollar also recorded stability, as the selling price reached 158,000 dinars for every 100 dollars, and the purchasing price was 157,900 dinars for every 100 dollars. LINK
Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism, 21 NOV
Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism
2023-11-20 01:23 Shafaq News / The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed on Monday that the Middle East is witnessing existential challenges, most notably climate change, and while he warned that this will lead to an exacerbation of food insecurity, water scarcity and mass migration, he pointed out that the region is also witnessing a renewal of violence. This represents a threat to peace and security.
In an opening speech at the fourth meeting of the Middle East Peace and Security Forum, hosted by the American University of Kurdistan in the city of Dohuk, Barzani stressed the importance of working to find peaceful solutions to conflicts in the region.
He stated that the Palestinian and Kurdish issues require the same rights and dignity.
He also expressed his concern about the recent developments in Iraq, stressing that repeated violations of the Constitution threaten stability and herald the return of sectarianism.
The Prime Minister also said that unilateral decisions and the exclusivity of one group in government institutions will exacerbate corruption, injustice, poverty and rebellion. LINK
"RV UPDATE" BY TEXAS SNAKE, (SPANISH & ENGLISH), 20 NOV
Domingo 19 Noviembre 2023
Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq, 20 NOV
Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq
Time: 11/19/2023 Read: 3,289 times {Economic: Al-Furat News} The economic expert, Abdul Rahman Al-Mashhadani, revealed close solutions that would lead to a decline in the dollar, while describing monetary policy as “turbulent in Iraq.”
Al-Mashhadani said: For the {State Dialogue} program broadcast by Al-Furat satellite channel this evening, he said: “In the coming days, there are solutions that will lead to lowering the exchange rate, as we have 5 Iraqi banks that have partnerships with solid international banks and have a high reputation and capital.”
He added, "The partnership with Qatar National Bank gives strength to Iraqi banks, while Iraq and Iran deal with a third currency in commercial transactions, reducing the price of the dollar."
Al-Mashhadani described the current monetary policy in Iraq as “turbulent and is merely a buffer to absorb the mistakes of previous trade policies, and it is not compatible with the actual need.”
He added, "The platform detected 90 percent of the manipulations and problems in transfers. Some contracts were gateways to corruption and money laundering, and half of the invoices presented for imports were forged."
Al-Mashhadani pointed out that "the food sector accounts for approximately 41 percent of the inflation equation, and exchange rate fluctuations affect various sectors in addition to the psychological factor."
He concluded by saying, "80% of transfers were rejected by the US Federal Bank for no reason, and the delay in rejected transfers forces merchants to buy from the parallel market." Wafaa Al-Fatlawi LINK
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