Monetary Policy Question, 21 DEC

 Monetary Policy Question

 Economical 12/20/2023  Muhammad Sharif Abu Maysam   

There is a question raised about what some media outlets are reporting these days, as the media is talking about negotiations regarding requests submitted by the Iraqi side to the US Federal Reserve to obtain payments of cash deposited in the Federal Reserve’s coffers to finance the movement of exchanges and trades in the Iraqi market or to finance foreign trade according to invoices issued Delaying its disbursement or sometimes rejecting it under conditions restricting disbursement, and

it is not clear to the citizen who reproduces these rumors the accuracy of what is being said, which requires clarification to the media by the relevant authorities to enhance public confidence in monetary policy and put an end to these rumors and what is rumored in the media. Tendency regarding the continued custody of Iraqi funds.

Everyone knows that Iraq has regained its natural role after Security Council Resolution 1959 of 2008, but under the Strategic Framework Agreement with the United States, it resorted in the years (2009 to 2013) to the method of protecting funds from commercial creditors by the American government, and because of the circumstances that the country went through.

The annual protection request was repeated, the last of which was the request recommended by the Ministerial Economic Committee on May 22, 2013.

In 2014, the reserves of the Central Bank of Iraq reached about 80 billion dollars.

At that time, the President of the United States of America, Barack Obama, decided to lift the immunity granted to the Development Fund for Iraq and private property belonging to the Iraqi government abroad, and attributed the reason to the development taking place in the Iraqi government’s capabilities to manage The consequences accompanying the debts incurred by the previous dictatorial regime.

Since then, Iraq has managed its money independently, while media data reveal to us obligations and requirements related to international agreements and treaties, suggesting that the management of the financial and monetary file is related to external wills.

What reinforces the content of these data are the statements related to Iraqi requests to the US Federal Reserve and the US Treasury to meet the request. Cash shipments for 2024.

Yes, the international financial system, in light of the war in monetary currencies, and similarly to electronic currencies in a turbulent world full of conflicts and international interests, has the advantage of the power of the powerful, which is formed by dominating modern payment tools and mechanisms based on electronic technologies,

which sometimes limit and sometimes interfere in the affairs of financial and monetary policies in countries in the context of... Its control over the global banking system, and  here the banking rule that says that property rights are always creditor in nature may fall, because how can the debtor control the creditor?   https://alsabaah.iq/89050-.html

FRANK26…..IQD UPDATE…..12-21-23……I LIKE THINGS IN 3’s

"RV UPDATE" BY BRUCE, 21 DEC

 Our new USN currency – our folding new money that replaces the USD will actually go into the ATMs on New Year's Eve night. 

Let's call it New Year's Eve because that's what it is. While we're watching Dick Clark's New Year's Eve or celebrating with a loved one or whatever you're celebrating New years this year - It could be way different for them to have ever celebrated before. 

While that's happening the new USN will be going into the ATMs so that when you leave switching on and off and on change the software  - software will take care of it. So when you go if you were to go, and I'm not suggesting that we do this, but if you were to go and get some cash out of the ATM on New Year's Day when the banks are closed, it should be there ready for you to get the new USN currency.

Otherwise, you have to wait to go into the bank on the second of January and that will be in the banks will be open after the first of January which is New Year's Day which is a holiday. So the money will be transitioning. Starting New Year's Day and the ATMs and on the second of January in the banks.

🔥Iraqi Dinar🔥2 or 3 Days🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY MARKZ, 21 DEC

  MarkZ

   [via PDK]  Article:  “Iraq pushes to shift away from dollar dependency”   they are going to need a currency- one that works internationally and carries a value…. They are telling us…we are just frustrated it’s taken so long.  We know their de-dollarization goal is Jan 1st.

 The big news is the article and report...from the IMF...where they quite literally say that Iraq has a fantastic year ahead and much of that is due because of the passing of the exchange rate revaluation. The IMF released an actual bulletin discussing how well their meetings went with Iraqi officials…they talk about all the things Iraq did right and what the world is going to be…

they even mention that part of what will make their economy so successful in 2024 is the exchange rate revaluation...I asked an Iraqi contact in government/finance his thoughts about if the revaluation they mention was the one in Feb where the dinar went from 1562 to about 1300 dinar per one dollar. …He said NO this is not what they are referencing. …so this is exiting straight from the IMF itself. Now we just need to cross the finish line. 

An Economic Vision On Linking The Dinar To The US Dollar: A Weak Point For Iraq, 21 DEC

An Economic Vision On Linking The Dinar To The US Dollar: A Weak Point For Iraq

Today 19:40   Information/private..  Today, Wednesday, the economic expert, Diaa Al-Mohsen, considered the link of the Iraqi economy to the dollar currency a “weak point” for the country, while indicating the “optimal” way to overcome this problem.

Al-Mohsen said, in an interview with the Maalouma Agency, that “pegging the local currency to the US dollar represents a state of weakness for the country’s economy,  because the green currency changes depending on changes in the US economy, such as raising the interest rate by the Federal Bank, which will cause the value of the dollar to rise, and so on.”

 He added, "Relying all purchases on the dollar could have a negative or positive impact," pointing out that  "this issue can be overcome when there is a basket of currencies,  that is, when the value of a particular currency is low, the government can move toward another currency." The economic expert explained, "This happens when Iraq has a sufficient balance of these currencies, which gives it smooth conversion to the euro, the Russian ruble, and the Chinese yuan."

Earlier, the head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, confirmed that Washington used the dollar 4 times during 2023 to pressure Baghdad to achieve a political agenda, which led to provoking crises and raising prices at rates of up to 10%, especially for basic materials, due to the impact of the dollar’s liquidity and its control by about 90%. of transactions directly.

The United States of America continues to impose its influence on Iraq in many vital files, including depositing the money from the sale of Iraqi oil in the US Federal Bank, amid clear blackmail by passing many files, most notably the dollar bill, which puts great pressure on the government. End 25/R

 https://almaalomah.me/news/50756/economy/رؤية-اقتصادية-حول-ربط-الدينار-بالدولار-الأمريكي:-نقطة-ضعف-لل

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 21 DEC

 Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY:   TV special saying we are seeking monetary sovereignty over the dollar. 

FRANK:  When they say the word monetary, they are talking about your currency.  And when they say sovereignty they're talking about you only using your currency the Iraqi dinar and not suing any other currency like the American dollar.  That's why the dollar is going down in value. 

  That's how your dinar is gaining value.  Sudani said it clearly, I am adding value to our currency.  They want the American dollar to go down.  They want your currency to dominate...

 FIREFLY: Bank guy said the dinar inside our country has steadily being established with stability...Because of these efforts the dollar is dropping every day this whole week.  It had a major decline...the dollar will continue to drop.  Start the new year with no dollar actions allowed anywhere. 

 FRANK:  ...I believe somewhere around the first they have no choice but to give you value.