What is the story of the disappearance of 35 trillion dinars? The Finance Committee requests an investigation into Representative Nouri, 10 DEC

 What is the story of the disappearance of 35 trillion dinars? The Finance Committee requests an investigation into Representative Nouri

“We carefully monitor currency printing.”

 On Saturday, the Parliamentary Finance Committee issued an angry statement criticizing the statements of one of its members about the disappearance of an amount of 35 trillion printed Iraqi dinars that do not exist inside Iraq, calling on the Presidency of Parliament to open an investigation and calling on the representative to prove his claim.

A statement by the Parliamentary Finance Committee:

We followed with great astonishment and disapproval the irresponsible statements made by Representative Muhammad Nouri during his hosting on a satellite channel to talk about monetary policy in the country and the procedures of the Central Bank of Iraq.

While we categorically deny the allegations made by Mr. Representative, as they lack credibility, accuracy, and objectivity, and indicate his lack of familiarity with the procedures and duties of the committee, we express our strong rejection of these allegations because they constitute a great abuse of the tasks and duties of the Parliamentary Finance Committee in particular and the legislative authority in general.

We also call on the Presidency of the House of Representatives to form an investigative committee to determine the validity and source of these dangerous statements, and to take deterrent legal measures against anyone who intentionally harms the reputation of the Iraqi state and its constitutional institutions.

We emphasize once again that everything that the Representative spoke about is untrue. Rather, he had to verify the information by communicating with his fellow Representatives who regularly attend meetings, before talking about sensitive files, despite the fact that he did not have any information about them due to his constant absence from committee meetings.

We reiterate that the monetary policy of the Central Bank, especially with regard to printing currency, is subject to monetary standards and foundations, and in line with the stability of the economic situation and the level of inflation, and that our Finance Committee has a clear work program for oversight of the executive authority, which will be completed at the beginning of the new legislative term, we hope. Representative Al-Nouri’s commitment to performing his legislative and oversight duties and tasks.

The aforementioned representative said in a televised interview:

More than 35 trillion printed Iraqi dinars do not exist inside Iraq, noting that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the (50) category,” pointing out that “Finance and Banking The Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, but they only raised one trillion.”

He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts and has no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system The financial system must be independent in order to achieve economic balance within the country.”

He also added that “government banks are shackled by the Ministry of Finance and the Prime Minister,” indicating that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand compared to 100 dollars because Iraq lost more than 9 trillion, and the difference between it and the market became high.”

While he pointed out that the one responsible for monetary policy in Iraq is “the American Federal Reserve, and it does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”

He pointed out that “the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped,” stressing that “the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve’s sanctions caused an explosion in the exchange rate.” He deals with us according to the missiles that fall on the Ain al-Assad base and the embassy.” link   

Breaking Down the Facts the Iraqi Dinar's Rise Against the Dollar | HOT ...

Iraq Initiates Joint Task Force Following Mortar Attack on U.S. Embassy, 10 DEC

 Iraq Initiates Joint Task Force Following Mortar Attack on U.S. Embassy

On December 9, 2023, the U.S. Embassy in Baghdad witnessed a significant mortar attack, the most substantial assault on U.S. interests since the escalation of conflict between Israel and Hamas in Gaza on October 7th. The attack involved approximately seven mortar shells, underscoring the volatile nature of the current geopolitical landscape.

Formation of Joint Task Force

In response to the attack, Iraqi Prime Minister, Mohammed Shia’ Al-Sudani, has ordered the creation of a joint task force. The task force’s mandate is to investigate the security officials responsible for the area surrounding the U.S. Embassy. This move signifies the government’s commitment to maintaining the security of diplomatic missions in the country.

Accountability and Justice

The Iraqi armed forces have referred the officers and personnel responsible for the area’s security to specialized investigative committees. This step aims to hold accountable those who were negligent in their duties. The task force, under the direct supervision of the Commander-in-Chief of the Armed Forces, is committed to pursuing the perpetrators, arresting them, and ensuring they face justice.

Enhanced Security Measures

In response to these incidents, security measures are to be considerably stringent. Security forces have been granted broad powers to counter immediate threats to the safety of diplomatic missions and locations of international advisors. This incident follows a series of attacks on military bases housing U.S. forces in Iraq and Syria since mid-October, claimed by Iranian-backed armed groups in retaliation to the U.S. support for Israel.

In a call with U.S. Defense Secretary Lloyd Austin, Prime Minister Al-Sudani reaffirmed his government’s commitment to protecting diplomatic missions and personnel of the international coalition. The world watches in anticipation as the Iraqi government takes decisive steps to ensure the safety of international diplomatic missions and combat the rising tide of violence.

https://bnn.network/world/iraq/iraq-initiates-joint-task-force-following-mortar-attack-on-u-s-embassy/

U.S. Embassy in Iraq Under Significant Attack: Implications and Challenges, 10 DEC

 U.S. Embassy in Iraq Under Significant Attack: Implications and Challenges

The U.S. Embassy in Baghdad was recently besieged by a significant attack that included mortar fire, drone strikes, and multiple rocket assaults. This substantial assault came from Kataib Sayyid al-Shuhada, a commanding force in Iraq, who has openly promised more attacks on U.S. interests within the country. The U.S. has subsequently called on the Iraqi Security Forces to investigate this attack and apprehend those responsible.

Increasing Attacks on U.S. and Coalition Forces

Since October 17, U.S. and coalition forces in Iraq and Syria have faced a staggering total of 82 attacks. The recent attacks included multiple rocket strikes on the Al-Asad Airbase in Iraq and Mission Support Site Euphrates in Syria, as well as a drone attack on Al-Asad.

A separate rocket attack on the vast U.S. Embassy in Baghdad resulted in minor damage but thankfully, no casualties. Further attacks were launched on al-Asad air base in western Iraq and three troop locations in Syria, again with no reported casualties. Following these assaults, Washington has urged Iraqi security forces to investigate these incidents thoroughly, apprehend those responsible, and ensure they face justice.

The Challenge for Iraqi Prime Minister

These attacks present a significant challenge for Iraqi Prime Minister Mohammed Shia al-Sudani, who has committed to safeguarding foreign missions. His focus is on boosting the economy and attracting foreign investment, a goal that these continued attacks may jeopardize.

Continued Threats Against U.S. Forces

The U.S. embassy in Baghdad has been targeted with rockets for the second time within a year. Although the damage was minimal and there were no injuries, the Ain al-Asad air base, a hosting site for U.S. and other international forces, was also a target. Despite the projectiles not landing within the base, the threat is clear and present. A dozen attacks against U.S. forces in Iraq and Syria have been claimed by a group of Iran-aligned Shi’ite Muslim militias operating under the banner of the Islamic Resistance in Iraq.

https://bnn.network/world/us/u-s-embassy-in-iraq-under-significant-attack-implications-and-challenges/

Iraqi Dinar🔥1To1 Exchange Rates Expected To Go Higher In Country🔥iraqi d...

"RV UPDATE" BY KAPERONI, 10 DEC

  Kaperoni

   A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

Global Political and Economic Landscape: A Roundup of Recent Developments, 10 DEC

 Global Political and Economic Landscape: A Roundup of Recent Developments

As the world turns, political and economic landscapes continue to evolve, resulting in a series of significant international events and developments. From the Middle East’s escalating tensions to Europe’s technology regulation debates, each event carries a ripple effect on the global stage. Amidst these developments, world leaders manoeuvre their political chess pieces, all while the world watches.

Hostage Rescue Attempt and Political Maneuvers in Middle East

In the heart of the Middle East, a failed hostage rescue operation in Gaza has led to injuries to two Israeli soldiers. Concurrently, the Biden Administration has set a year-end deadline for Israel to conclude unspecified actions. Such developments occur as the U.S. vetoed a UN Security Council resolution for a cease-fire in Gaza. The region’s volatility has been further amplified with militias affiliated with Iran attacking U.S. military bases in Syria and Iraq. In response, Israel has launched strikes in Syria, and there have been reports of clashes involving Israeli soldiers and civilians against Palestinians near Hebron.

Technological Regulation and Political Trials in Europe

The European Union has reached a provisional agreement on rules to govern artificial intelligence, marking a significant shift in the regulation of technology. Meanwhile, in France, a court has decided to put Marine Le Pen, a prominent presidential candidate for the 2027 election, on trial. This incident suggests an emerging pattern of legal challenges against political figures.

Political Developments in the U.S. and Russia

Over in the U.S., recent polls reveal that Donald Trump is leading Joe Biden in the 2024 Presidential Race, stirring the political pot further. Across the Atlantic, President Vladimir Putin of Russia has announced his intention to seek re-election, a move that is likely to have a significant impact on global politics.

Economic and Sports News: Uranium, Interest Rates, and Golf

On the economic front, the U.S. has tripled its uranium purchases from Russia, a move reflecting the changing dynamics of global trade. Meanwhile, the Reserve Bank of India holds its key lending rate steady, and the U.S. unemployment rate stands at 3.7 percent for the last month. In the sports world, top golfer Jon Rahm has made the surprising move of leaving the PGA Tour for a deal with LIV Golf.

Investments, TV License Fees, and Security Concerns

Rounding off the global news reel, Chinese investments in Vietnam are on the rise, signifying shifts in global investment trends. In the UK, the television license fee, which funds the BBC, is set to increase by 6.6 percent. Lastly, the White House National Security spokesman emphasized the expectation of a full investigation by India into a plot, a move that displays the intricacies of diplomatic relations despite India being a strategic partner to the U.S.

https://bnn.network/politics/global-political-and-economic-landscape-a-roundup-of-recent-developments/