Sudanese Advisor: The government's battle with the dollar is nearing its end, 25 DEC

 Sudanese Advisor: The government's battle with the dollar is nearing its end

   Baghdad 

The media advisor to the Prime Minister, Hisham Al-Rikabi, confirmed today, Sunday, that the Iraqi government’s battle with speculators in the dollar exchange rates is nearing its end .

Al-Rikabi said in a blog post on the “X” platform, which Al-Ghad Press viewed, that “the will that the Sudanese government possesses to carry out reform within the financial institutions in Iraq and the insistence on correction were important factors in strengthening confidence between Baghdad and Washington, and constituted a positive step in achieving success.” inside ".

He added: "We said it before and we confirm it today. Our battle with the dollar is almost over ."

Today, Sunday, the local markets witnessed a decline in the exchange rates of the dollar in the parallel market to 150 thousand dinars .

Yesterday, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the dollar exchange rates in the parallel market began to approach the official price set at 1,320 dinars per dollar after the recent measures taken by the Central Bank and the Iraqi government .

Earlier today, Sunday, the United States pledged to continue providing “dollar services” to Iraq in the interest of economic stability .

The US ambassador to Baghdad, Alina Romanowski, said in a blog post seen by Al-Ghad Press that the United States “continues its cooperation with the Central Bank of Iraq. Many Iraqi banks have now formed relationships with international banks for the first time, which is a positive step in making progress in reforming... The banking sector".  LINK

Iraqi dinar 🔥 Iraqi dinar currency rise set for a value 🔥 Iraqi dinar Re...

The dollar continues its gradual decline, falling to 150 dinars, 25 DEC

 The dollar continues its gradual decline, falling to 150 dinars

Mawazine News – Baghdad
The exchange rates of the US dollar continue to decline against the Iraqi dinar in the local markets in the capital, Baghdad, and the provinces.
Dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,200 Iraqi dinars against 100 dollars, while this morning it recorded 151,950 Iraqi dinars against 100 dollars .
Selling prices in banking shops in local markets in Baghdad declined, as the selling price reached 151,250 dinars for 100 dollars, while the purchase price reached 149,250 dinars for 100 dollars.
It is noteworthy that the Federal Reserve Bank, the US central bank, imposed procedures and restrictions on external financial transfers from Iraq, to ​​ensure that they do not reach Tehran and Damascus.

https://www.mawazin.net/Details.aspx?jimare=239578

"RV UPDATE" BY RAYREN98, 25 DEC

RayRen98 

 US BANKS HAVE THE RATES, SAID THEY WERE WAITING FOR FOREX TO LOAD BEFORE THEY CAN START ...THEY "THOUGHT" IT WOULD BE AT OPENING ON SUNDAY EVENING, BUT NOT YET.  FEDERAL RESERVE IS SENDING ALL STAFF IN TOMORROW NIGHT TO OBSERVE THE "TRANSACTION".

 .. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND ?

 WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL

https://dinarevaluation.blogspot.com/2023/10/rv-update-by-babysmom-rayren98-17-oct.html 

 

Iraqi Dinar Latest Exchange Rate Today-Iraqi Dinar News Today 2023-IQD U...

Washington reaffirms commitment to continuously provide dollar services to Iraq, 24 DEC

Washington reaffirms commitment to continuously provide dollar services to Iraq

Shafaq News / The US Ambassador to Baghdad, Alina Romanowski, reiterated her country's commitment on Sunday to continue providing dollar services to Iraq.

In a post on X platform, Romanowski wrote, "The US Treasury continues its cooperation with the Central Bank of Iraq (CBI)," noting that "several Iraqi banks have now formed relationships with international banks for the first time, a positive step in making progress on banking sector reform."

She concluded by stating, "We will continue to provide US dollar services to Iraq in the interest of economic stability."

Earlier, on November 29, 2023, the US Wall Street Journal revealed that Washington declined Iraq's request for one billion dollars in cash from the Federal Reserve, citing concerns about Baghdad's use of the dollar conflicting with their efforts to curb it and halt illicit cash flows to Iran.

The American newspaper quoted US officials saying, "Cash in the hands of Iraqis has become a profitable source of dollars that flow illicitly to militias, corrupt politicians, and Iran."

Furthermore, i n early October, CBI affirmed that dollar shipments sent by the Federal Reserve adhere to agreed-upon schedules and timelines between the two monetary institutions.

https://shafaq.com/en/Iraq-News/Washington-reaffirms-commitment-to-continuously-provide-dollar-services-to-Iraq

"RV UPDATE" BY FRANK26, 24 DEC

 Frank26 

  Question:   "When we go to exchange is the removal of the 3-zero notes going to affect the value of our dinar?" 

 If you look at the American currency...we actually have a $500...$1,000...$10,000 bill...but after World War II our country become very powerful and we got rid of the 3 zeros just what Iraq is doing but we didn't do it physically.  We did it on our exchange rate... Those zero notes are still legal tender...

The dollar is slowly going down in value inside of Iraq.  

The Iraqi citizens are removing the dollar from their lives whether it be usage in commercial transactions, business, at the markets.  By doing that they're using their currency the way they were told to do.  That action is causing the dollar to lose ground and the Iraqi dinar to gain ground.