Wednesday, December 27, 2023
A Noticeable Decline In The Dollar Exchange Rate Amid Anticipation In The Markets, 27 DEC
A Noticeable Decline In The Dollar Exchange Rate Amid Anticipation In The Markets
Economical 12/25/2023 Baghdad: Al-Sabah Dollar prices have decreased significantly in the past few days throughout Iraq, as the end of the current year approaches, with the market awaiting fear of its fluctuation or rise again.
While the Iraqi government believes that the decline in the price of the dollar was due to several reasons, including “the high capabilities of Iraq’s currency reserves,” the stock market, specifically in Sulaymaniyah, had another opinion as it warned of an increase in its price due to the New Year’s holiday.
The government’s comment came from Mazhar Muhammad Salih, the financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, in which he said:
“Among the reasons for the decline in the dollar exchange rate in the parallel market are the high capabilities of Iraq’s foreign currency reserves and the good management of foreign trade financing during the last period.”
Saleh stated that “the parallel market is gradually approaching the official central market, due to the presence of regular foreign trade by the private sector through the compliance platform and the great flexibility that banks have shown in dealing with this platform for the purpose of securing transfers.”
He added, "The openness to transfer through various methods, including payment cards in all their forms, importing foreign cash currency into Iraq, and financing foreign trade in various currencies, and not limiting this transaction to the dollar only, led to a decrease in the dollar exchange rate in the parallel market as well." The financial and economic advisor to the Prime Minister continued,
“The monetary policy of the Central Bank is exercising its role precisely and positively and in accordance with short- and medium-term plans to maintain the stability of the national economy, and for this reason the exchange rate will continue to decline in the parallel market.” https://alsabaah.iq/89279-.html
Coffee with MarkZ. 12/27/2023
A parliamentary bloc demands that the US ambassador to Iraq be summoned and a note of protest be handed over to her, 27 DEC
Shafaq News/ The “Rights” parliamentary bloc demanded, on Wednesday, that the American ambassador to Iraq be summoned and that a note of protest be handed over to her against the bombing of the Popular Mobilization Forces camps, as well as the internationalization of the assassination of the former deputy headof the Popular Mobilization Forces, Abu Mahdi al-Muhandis.
A statement received by Shafaq News Agency stated that the head of the bloc, Saud Al-Saadi, directed several parliamentary questions to the Ministry of Foreign Affairs, asking it to explain the reasons for the Ministry not summoning the American ambassador in Baghdad and handing her an official note of protest regarding the repeated violation of Iraqi sovereignty and the bombing of the Popular Mobilization Forces headquarters in Babylon on Tuesday, Which resulted in many martyrs and wounded.
Al-Saadi asked about “the international and legal measures taken by you before the United Nations and international forums regarding the violation of Iraqi sovereignty by American forces in relation to the crime of assassinating the Chief of Staff of the Popular Mobilization Forces and the guests of Iraq on January 3, 2020?”
He stressed “a statement of the final results of the efforts and actions taken by your ministry regarding the internationalization of the Baghdad Airport crime committed by American forces in 2020.”
Yesterday, Tuesday, the White House announced that United States President Joe Biden had directed air strikes on three sites belonging to Kataib Hezbollah and its affiliated groups in Iraq, in response to the attack that targeted a military base in Erbil and resulted in the injury of three American soldiers.
The White House said in a statement that US Secretary of Defense, Lloyd Austin, briefed President Biden in a phone call on Monday afternoon about the incident, and several options were presented to the president, and Biden ordered the strikes during that call.
US Defense Secretary Lloyd Austin announced this morning that US forces launched strikes on three facilities used by Kataib Hezbollah and its affiliated groups in Iraq.
Yesterday, Tuesday, the Iraqi government condemned the American air strike that targeted the headquarters of factions under the umbrella of the Popular Mobilization Forces, resulting in the fall of a member and the wounding of 18 others, including civilians, in response to the attack that targeted a military base in the city of Erbil, which led to casualties among the ranks. U.S. military.
On January 3, 2020, an American drone targeted a convoy carrying the Chief of Staff of the Popular Mobilization Forces, Abu Mahdi al-Muhandis, and the commander of the Quds Force in the Iranian Revolutionary Guard, General Qassem Soleimani, killing them and those accompanying them.
shafaq.com
"RV UPDATE" BY CLARE, 27 DEC
Clare
Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with international banks for the first time.”
Article: " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules" Quote: "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html
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