[via PDK] A lot has happened over the 14th and the 15th and more is expected to happen over the next couple of days. We have seen tremendous progress over the last few days…behind the scenes...I absolutely think we are finally here.
When we first got into this and looked at the Vietnamese dong we were hopeful it would come out around .30 to .36 cents. Which is still amazing. But I have not heard it was going to be that low. I am still hearing it will be between $2 and $3.
In Iraq: “Central Bank achieves a new step in the right direction to regulate foreign trade.” Also the CBI just wrapped up meetings with the US Treasury and the Federal Reserve about “Becoming International” and they are content with the changes they have made for Iraq to be fully recognized internationally.
Most of my Iraqi people think we are within a couple of days. My banking people think we are within a couple of days. Just remember we don’t know the timing. But I am super excited.
A banking expert answers: Is it possible to ban dealing in the dollar?
12/14/2023 Private|..
Banking expert, Mahmoud Dagher, on Wednesday, ruled out the possibility of the Central Bank of Iraq preventing dealing in dollars in the country.
Dagher told Jarida , “The Central Bank cannot prevent dealing in the dollar, as there is nothing in the banking law or in the instructions of the Central Bank that supports this approach, so they have no right, and dealing in the dollar will continue as dealing with the dinar.”
He stressed that “there are huge bank accounts for depositors in dollars, so it is unlikely to prevent dealing with it,” stressing the necessity of “arranging the status of the dinar instead.” LINK
They have told them [Iraqi citizens] a change is coming. Do you need another clue? Come January 1st what are the citizens supposed to do? What are they supposed to use?
Should they continue to use a worthless currency? Should they continue to live in misery, poverty, when they were promised other things? Iraq will be another Dubai. What more can the CBI do after the first? Reinstate and float. That will make the Iraqi citizens very happy...
Why only [spend] 20% [of their budget] in 11 months? IOO they're waiting for a new exchange rate. They're going to use their currency...pressure will be reduced on the citizens by adding value to their currency...Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing. IMO they are telling them all so they will understand where the monetary reform process is at at this moment.
Why only [spend] 20% [of their budget] in 11 months? IOO they're waiting for a new exchange rate. They're going to use their currency ...pressure will be reduced on the citizens by adding value to their currency...
Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing. IMO they are telling them all so they will understand where the monetary reform process is at at this moment.
The 1st of January is when no other currency will be used by Iraqi citizens inside the country except their own currency. Don't you think that's a clue! They are pretty much telling you without telling you. Can you pick up on this intent? You don't have to be a detective to pick up on a clue like this!
We beg for our money from them… Where is the sovereignty!! Central Bank: Washington agreed to meet Iraq’s request for cash shipments for the year 2024, 15 DEC
The Central Bank announced Thursday, the American side’s approval to meet the Central Bank of Iraq’s requests for cash shipments for the year 2024.
The bank said in a statement, “The delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai.”
He added, “Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system.”
The bank indicated that “it was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards.”
The bank continued, “The meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks, and this is consistent with what the Central Bank of Iraq previously announced in its plan to reduce Gradual reliance on the electronic platform will be completed within the next year and limited to recording financial transfers for the purposes of control, auditing and analysis.
For his part, the Governor of the Central Bank of Iraq stressed that “the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
Al-Halbousi’s party is moving legally to restore him to his position, 15 DEC
Baghdad – The “Taqaddum” Party, led by former Parliament Speaker Muhammad al-Halbousi, is making political moves on Wednesday to return its leader to his previous position, in light of political divisions between the Sunni blocs and a raging conflict that hinders agreement on a name for the presidency of Parliament.
Al-Halbousi knows that his opponents are moving in all directions to remove his replacement from the “Taqaddum” party, but they faced disagreements that led them to postpone the session three times in approximately one month, which was a disappointment for them. The Presidency of the House of Representatives decided on Tuesday to postpone the session to elect a new Speaker of the House until further notice.
Party leader Muhammad Al-Alawi said, “There is a legal movement underway to restore former Parliament Speaker Muhammad Al-Halbousi to his position again in accordance with legal and constitutional procedures.”
He stated that “returning Al-Halbousi to his position is very possible, and there is a legal and political effort to do so,” stressing that “this matter is one of the most prominent reasons for postponing the Parliament session to elect a new Speaker of Parliament.” He believed that “there is great hope for Al-Halbousi’s return during the next short period.”
Al-Halbousi’s opponents are seeking to exploit the opportunity to gain the position, but the competition between the Sunni parties and the intertwining of their alliances is in his interest. Muthanna Al-Samarrai, who leads the “Al-Azm” coalition, is trying to seize the position in favor of his candidate, former Parliament Speaker Mahmoud Al-Mashhadani, from other competitors, most notably Shalan Al-Karim, Abdul Karim Abtan, and Yahya Al-Muhammadi from the “Taqaddum” party, and Salem Al-Issawi from the “Sovereignty” coalition.
The dismissed president won a new round in his political battle after the judicial body in the Electoral Commission rejected on Wednesday a lawsuit to dissolve the “Taqadum” party with which it is competing in the local elections this month. According to the Board of Commissioners, the lawsuit filed by representatives against the party did not include all the required papers and documents.
Earlier, the Judicial Cassation Body rejected the same request, and according to a letter issued by the head of the Judicial Body, the request was rejected for violating the provisions of Article 32 First of the Political Parties Law and not observing proper legal procedures in submitting a request to dissolve a political party.
The representative of the Taqaddam Party, Fahd Mishaan, confirmed on Wednesday, “We respect the decisions of the Federal Court regarding the Al-Halbousi case,” considering that the response to the “Hal” Party’s appeals was expected. Mishaan said, in television statements, “We respect the decisions of the Federal Court, but they do not mean the end of the political end,” denying “the existence of any withdrawals within the “Taqaddum” party.”
The party was able to win Anbar seats in the Iraqi parliament in the 2021 elections, winning 14 of the governorate’s share of 15 seats. This party’s influence extended to the governorates of Nineveh, Salah al-Din, and Diyala, as well as parts of the capital, Baghdad, and the number of its members in Parliament rose to 43 deputies, moving away from its closest Sunni competitor in Parliament, which has 16 seats.
The Presidency of the Iraqi Council of Representatives decided to officially terminate the membership of Council Speaker Muhammad al-Halbousi, based on the decision of the Federal Supreme Court, as of the fourteenth of November 2023.
After the controversy that arose regarding the postponement of the session to elect a Speaker of Parliament on Wednesday, the Federal Supreme Court on Thursday issued a constitutional interpretation regarding the vacancy of the position of Speaker of the House of Representatives, and stressed that holding the session for the purpose of opening the door to nominations is subject to the provisions of Article (12/Third) of the Council’s bylaws, and that this It must be held for the purpose of opening the door for nominations and selecting a president for the Council according to an absolute majority.
It also clarified that the election of the Speaker of the Council must take place by an absolute majority in that session or in the following sessions after the first session, stressing that the House of Representatives must continue to perform its duties during the legislative term and that its sessions be held under the chairmanship of one of the two Vice-Presidents until a new president is elected, and stressed that there must not be Failure to elect a new president is a justification for disrupting the work of the House of Representatives.