Central Bank of Iraq Refutes Claims of Currency Mismanagement, 9 DEC

 Central Bank of Iraq Refutes Claims of Currency Mismanagement

In an official rebuttal to circulating allegations, the Central Bank of Iraq has categorically denied the disappearance and smuggling of large volumes of its local currency. The bank, in its statement, clarified that the production of the Iraqi currency aligns strictly with the needs of the national economy, adhering to stringent standards.

Discrediting Baseless Accusations

The Central Bank has expressed its readiness to legally challenge any entity that propounds these accusations without substantial evidence. This strong stance taken by the bank is a clear message to all parties involved, emphasizing the importance of substantiating any claims with proof before making them public.

Reconstruction Bonds and Monetary Security

The Central Bank, while addressing these concerns, also underscored its recent issuance of reconstruction bonds, which were completely sold out. This issuance was conducted to cater to the financial requirements of the Ministry of Finance. This move, along with the bank’s steadfast commitment to sound monetary policies and procedures, serves to reassure the public and stakeholders about the well-regulated and secure management of the Iraqi currency.

Political Diplomacy and Public Sentiment

Alongside these economic matters, Representative Waad Al-Qaddo emphasized the need for the American embassy in Baghdad to respect international covenants and conventions. His comments underline the growing sentiment among Iraqis that foreign entities should not act as the defenders of the Iraqi people. Al-Qaddo also hinted at the involvement of several parties with motives behind previous and current incidents targeting the embassy, indicating a complex political landscape.

https://bnn.network/finance-nav/central-bank-of-iraq-refutes-claims-of-currency-mismanagement/

Iraq and Kuwait Leaders Discuss Strengthening Bilateral Relations and Aiding Palestine, 9 DEC

 Iraq and Kuwait Leaders Discuss Strengthening Bilateral Relations and Aiding Palestine

In a recent phone conversation between Mohammed Shia al-Sudani, the Prime Minister of Iraq, and the Amir of Kuwait, the leaders discussed the status and future of bilateral relations between their nations. The conversation, which primarily served as a health check for the Amir of Kuwait, quickly evolved into a platform for exploring ways to enhance partnership and cooperation across various domains.

Strengthening Bilateral Ties

The call between the two leaders demonstrated their commitment to developing and strengthening partnership and cooperation in various fields. This dialogue represents a series of efforts to foster unity and solidarity in the Arab world, with Iraq and Kuwait playing pivotal roles. Amid the geopolitical tensions in the region, such efforts to foster diplomatic ties are crucial. The move is expected to have a significant impact on the political and economic landscape of the region.

Collective Stance against Aggression

The leaders also affirmed their continued efforts to cease aggression against the Palestinian people and expedite the provision of necessary humanitarian aid to the Gaza Strip. This shared concern and commitment to humanitarian assistance act as a testament to their collective ethos towards regional peace and stability. It is a reflection of their combined efforts in standing against violence and advocating for the rights of the Palestinian people.

Regional Cooperation Amid Global Challenges

In the face of global challenges, such as climate change and energy transitions, the conversation between the Prime Minister of Iraq and the Amir of Kuwait exemplifies regional cooperation. This cooperation, as demonstrated by the leaders, could serve as a significant driving force in tackling the pressing issues faced by the Arab world and beyond. As the world grapples with the implications of climate change and the need for sustainable solutions, the strategic partnership between Iraq and Kuwait could provide a crucial impetus to the region’s efforts in these domains.

https://bnn.network/world/iraq/iraq-and-kuwait-leaders-discuss-strengthening-bilateral-relations-and-aiding-palestine/

In Country Rate 1 to 1?!💣Video: Dinar Commercial!🤔Iraq Dinar RV Updates ...

"RV UPDATE" BY MILITIAMAN, 9 DEC

 Militia Man  

 Article - "The Finance Minister to the employees of the budget department, No vacation until the end of the year. "

 In other words, stay working.  We got work to do and it's probably likely going to be significantly more.  Why? 

 Because if they change the value of the exchange rate their budget is going have to be addressed in a big way...It's telling you the budget's going to be sorted by the end of the year.   We're getting close...the year is coming quick.

 Article  "...A campaign to support the Iraqi dinar and make it the gateway to bustling the country." They're talking about the Iraqi dinar...They're not talking about the Euro ...[or] all the other currencies ...They're saying we're going to do trade in the dinar and it's going to be the gateway...

 Bilateral trade...Multilateral trade, Multilateral banking - all of these things show Iraq is going international...I believe I'm going to be 100% right.  The evidence is clear as day.

US Department Of Justice: We Will Help Iraq Recover Its Smuggled Money, 9 DEC

US Department Of Justice: We Will Help Iraq Recover Its Smuggled Money

December 9, 2023   Baghdad/Al-Masala Event: The head of the Federal Integrity Commission, Haider Hanoun, handed over to the American side a file containing requests for legal assistance and a list of defendants and convicts residing within American territory who are wanted by the Iraqi side.

A statement from the commission received by Al-Masalla stated that this came during a meeting with the head of the commission with integrity experts at the US Department of Justice, where the two sides discussed forming committees between the two parties to study the files through joint experts from the commission and the American side on joint issues, and then referring the case to the judiciary if the committee is convinced. Convicting the accused in the case.

Hanoun expressed his optimism for concluding a memorandum of understanding with the US Department of Justice in order to exchange information and experiences for the purpose of strengthening and documenting, technical cooperation to prevent and combat corruption, enhance expertise, and hold training courses at the headquarters of the Iraqi Anti-Corruption Academy for members of the Iraqi regulatory agencies and employees of counterpart agencies in the countries surrounding Iraq. .

Integrity experts at the US Department of Justice indicated their awareness of the danger of corruption to state institutions in Iraq and its causing problems in the security and economic fields and the level of service provision to the people, expressing their readiness to work with the State Department to complete the draft memorandum with the Iraqi side to provide support and exchange experiences, stressing that their country will cooperate with Iraq to recover its smuggled money.

https://almasalah.com/archives/75742    

Will Iraq Be Harmed By The Decision To Reduce Oil Production?, 9 DEC

Will Iraq Be Harmed By The Decision To Reduce Oil Production?

Information/private..  Today, Saturday, the economic expert, Diaa Al-Mohsen, explained the reason for the decision to reduce voluntary production by OPEC Plus, while specifying the price of a barrel that OPEC prefers. He referred to Iraq’s position.

Al-Mohsen said, in an interview with the Maalouma Agency, that “the decision to voluntarily reduce oil production exported from Iraq came in response to the decisions of OPEC Plus,” indicating that “the decision is good for the country, because when OPEC decides to reduce oil production, this will lead to a decrease in supply.” in global markets.”

He explains, "This issue is very natural. The supply must be less than the demand, and this is consistent with the policy of OPEC Plus," indicating that the latter "does not want oil prices to fall below $90."

The economic expert continues, “This situation can only happen by reducing supply in global markets,” adding, “Whenever OPEC decides to reduce oil production, the price of a barrel of oil will rise in global markets.”

Earlier, 7 oil-producing countries within the “OPEC Plus” alliance took decisions to voluntarily reduce their production, by up to 1.571 million barrels per day, from the beginning of next May until the end of the year 2023. The decision announced by each country included it separately, in addition to... Saudi Arabia, Russia, the Emirates and Kuwait, as well as Iraq.

In turn, Iraq announced, thr ough the Minister of Oil, a voluntary reduction in production by 211 thousand barrels per day from next month until the end of 2023. LINK  

Iraqi Dinar🔥1To1 Exchange Rate At Any Time In Iraq And Going Higher Leve...