Absolute parliamentary support for Sudan's steps to end the US presence
Information / Baghdad.
The Sadiqoun parliamentary bloc announced on Saturday its full support for Prime Minister Mohamed Shia al-Sudani's steps to end the foreign presence in the country and achieve national autonomy.
MP Rafiq Hashem told Al-Maalouma that "the removal of foreign forces, led by the Americans, from Iraq is the best response to the US terrorist attacks against the headquarters of the Popular Mobilization."
He added that "the US foreign presence has become a threat to the security of Iraq," noting that "the stay of these forces for a longer period is an obstacle to national autonomy."
He stressed that "the steps of the Prime Minister to end the foreign presence and achieve full national autonomy is a step in the right direction," noting that "the Iraqi people do not want these forces to remain under any title."
Most Iraqi political forces have issued their support to the prime minister on steps to remove US forces from Iraq after a series of attacks against Iraqi security forces.
The World Economic Forum’s Annual Meeting 2024 takes place 15-19 January 2024.
The 54th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.
This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.
Freight rates for ocean cargo have soared after an attempted attack on Wednesday and a bid to hijack a Maersk ship last Sunday forced shipping companies to suspend plans to restart transits through the Red Sea.
“Interest rate differentials are an important factor in the global economy. They can affect the flow of capital between countries, the value of currencies, and the profitability of investments.”
An interest rate differential is basically two different interest rates in two different countries or currencies. At this point, we are witnessing several different ones across the globe.
These interest rate differentials affect values and exchange rates in trade. It is creating a problem for hedge funders wanting to make clear trade bids on the Forex Markets based on a value they can profit from in the trade.
Uncertain interest rates is beginning to create a level of uncertainty for hedge funders attempting to position themselves for profit on the Forex Currency Market in Cross Border International Trading.
Uncertainty in the market creates pullbacks from investors that bring down the flow of money creating less demand and value for currencies utilized in trades.
A great example of this is the use of the dollar in oil trades being replaced by local currencies in the East. As these new volumes increase because of interest rate differentials, countries holding more value over time will be the ones utilized in trades going forward.
These new demands will increase value over time on chosen currencies with lower interest rates resulting in more value in the exchange of goods and services. Look for currency interventions this year to begin the process of leveling off the playing field through narrowing interest rate differentials.
A high-level delegation of the Kurdistan Regional Government arrived in Baghdad today, Saturday, and tomorrow it will begin its meetings with federal government officials. The Kurdistan Regional Government said in a statement received by Al-Mutla’, that: “A high-level delegation from the Kurdistan Regional Government arrived in Baghdad to discuss the issue of employee salaries and amending the budget law, the region’s share, and the oil production law. It is worth noting that the delegation is headed by Awat Janab Nouri, Minister of Finance.” The region, Omid Sabah, Chief of the Cabinet Office, Amanj Rahim Amin, Secretary of the Council of Ministers, and Abdul Karim Khosrow, Head of the Coordination and Follow-up Office.
FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate.
FRANK: I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January.
FIREFLY:Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.
FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country.
Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
FIREFLY: The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate. They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days.
FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…
FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate. Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar… They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now. But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani. That’s all there is to it.
The black market rate will no longer be…The black market rate is the American dollar. The CBI wants the official rate 1310 to match the dollar rate. That means the currency of Iraq is too low… Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…
Question: “Can any country RV their currency whenever they want?”
Yeah but they have to go through the IMF. That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate. There is a systematic way of doing it. They’re called international banking laws.
FIREFLY:Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.
FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country.
Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
Kurdish politician Sardar Mustafa confirmed, on Saturday (January 6, 2024), that the Kurdistan region is part of Iraq and is affected by any security or political event in Iraq and the region.
Mustafa said in an interview with Baghdad today that “the region cannot support the exit of the international coalition from Iraq at the present time, as the coalition provides military and financial assistance to the Peshmerga forces.”
He added that “there are security concerns in the region that the withdrawal of the coalition may lead to an escalation of attacks against the region, and the increased risk of extremist groups, including ISIS.”
Mustafa pointed out that “any collapse of the security situation means this time the region entering the arena of war, this time is different from the previous times that Kurdistan was moving away from the arena of conflict, this time things seem different, and the region will be a party to the conflict, whether he wanted or father.”
Baghdad announced, on Friday (January 5, 2024), the formation of a bilateral committee with the United States, whose task is to determine arrangements for the termination of the mission of the international coalition to combat ISIS, led by Washington, in Iraq.
“We are in the process of determining the date for the start of the dialogue, through the bilateral committee that was formed to determine the arrangements for the end of this presence, a commitment that the government will not retract, and will not abandon everything that would complete national sovereignty over the land, sky and waters of Iraq,” Prime Minister, Mohammed Shiaaa Al-Sudani, said.
Al-Sudani stressed “the firm and principled position in ending the existence of the international coalition after the justifications for its existence ended.”
There are approximately 2,500 U.S. troops in Iraq, as part of Washington’s efforts to prevent the return of ISIS, which occupied large areas of Iraq and Syria in 2014.
The formation of the committee comes a day after a drone targeted the headquarters of the “Al-Nujaba Movement”, which is part of the “Popular Mobilization” factions, which resulted in the martyrdom of the military official of the movement, Talib Ali Al-Saidi, nicknamed “Abu Taqwa.” Other elements were also martyred after the strike, according to those close to Al-Nujaba.
In a statement to Al-Hurra, a military official in the Pentagon explained that at 12 noon Iraq time, the US forces took a necessary and proportionate measure against Abu Taqwa, an official in the Nujaba movement, who was “involved in planning and launching attacks against American forces.”
The official added that the airstrike killed Abu Taqwa and another element.
“The air strike was launched in self-defense, did not harm civilians and no infrastructure or facility was hit,” he continued.
A U.S. official has previously confirmed that the United States “continues to take action to protect its forces in Iraq and Syria, and by addressing the threats it faces.”
The developments followed more than 110 attacks by U.S. forces in Iraq and Syria since mid-October.
On the other hand, Al-Sudani said, on Friday, that “the most serious incidents are repeated more than once in Iraq through the international coalition forces carrying out attacks against the headquarters of the Popular Mobilization,” adding: “We have repeatedly stressed that in the event of a breach or abuse by any Iraqi party, or if Iraqi law is violated, the Iraqi government is the only party that has to follow up on the reas for these violations.”
