A meeting in Parliament tomorrow to set a date for the session to elect Al-Halbousi’s replacement
Shafaq News/ An informed source revealed, on Monday, a meeting scheduled to be held tomorrow regarding the date of electing a new Speaker of the House of Representatives to succeed Muhammad Al-Halbousi.
The source explained to Shafaq News Agency, “The heads of the parliamentary blocs will hold a meeting tomorrow, Tuesday, in the Parliament building in the presence of the Presidency of the House of Representatives in order to agree on setting the date for holding the session to elect the new Speaker of Parliament.”
On Tuesday, November 14, 2023, the Federal Supreme Court, “the highest judicial authority in Iraq,” announced the termination of the membership of Parliament Speaker Muhammad Al-Halbousi, against the backdrop of a lawsuit filed against him by Representative Laith Al-Dulaimi, in which he accused him of forging his (Al-Dulaimi’s) resignation from membership in the House of Representatives. As a result, the Federal Court ruled to terminate their membership (Al-Halbousi and Al-Dulaimi).
I went to Chase Bank and they told me it's a scam. Remember [FireFly boot on the ground in Iraq] tells us JPMorgan is building 10 more banks [In Iraq]. So tell them when they say it's a scam - you are really ignorant. Don't you know about those 10 banks they're building right now? No. Hey, did you know know JPMorgan
will support the Iraqi dinar 100% and that's direct from the CEO Mr. Jamie Dimon...Did you know the US Treasury has millions of dinars in its foreign reserve? Scam huh?...Did you know as of January 1, 2024 there won't be a single American dollar used in Iraq any longer and only the Iraqi dinar which means it's going to have value? ...How in the world do you not know these facts about your bank? Or are you lying...
The IQD is going up in value because the American dollar is going down. This is the skeleton key to the monetary reform.
Question: "Are you looking for any major announcements from the CBI next week?" When you say major announcement obviously that's trying to entrap me. I'm looking for an announcement every freaking morning that I wake up...
Information / Baghdad… A member of the Parliamentary Security and Defense Committee, Waad Al-Qaddo, called on Monday for liberating Iraq’s economy from the American grip.
Al-Qaddo said in an interview with “Al-Ma’louma” that “America sought directly after 2003 to impose restrictions on Iraq’s economy and finances in various ways, the most important of which isrestricting the flow of oil sales money towards the Federal Reserve, from which it is transferred to the Central Bank in Baghdad, meaning that our financial wealth is like a hostage that is controlled by the Federal Reserve.” “at a distance.”
He added, “The American restrictions on Iraqi funds take multiple dimensions and are used from time to time as a pressure card on governments to achieve their agenda,” pointing out that “liberating our economy from the American grip is a priority that will give greater flexibility in avoiding pressure cards and prevent 5 direct risks that threaten the economy, including manipulation of the parallel market.” “It created confusion about the strength of the dinar and perpetuated the file of corruption created by the American administration.”
He pointed out that “the economy is a dangerous American card that must be paid attention to and strive to crystallize a basket of currencies that will get Baghdad out of the dollar tunnel and its effects.”
The American administration imposes a series of restrictions on the circulation of the dollar and how to deal with it in Iraq, in a blatant interference that has been taking place for many years.
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported." We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process. This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value. It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies. As this year goes on, the need to utilize the worth of gold inside these currencies around the world will make the value of gold increase. It will enable the Global currencies to hold in reserve status more gold to support their currencies rather than the US dollar.
The Sulaymaniyah Stock Exchange responds to the statement of the Sudanese advisor regarding the dollar exchange rate
Shafaq News/ The official spokesman for the stock market in Sulaymaniyah, Kuran Jabbar, expected on Monday that the exchange rate of the US dollar in the parallel market would not come close to the government pricing.
Jabbar told Shafaq News Agency, “Everyone hopes that the dollar exchange rate will approach the government pricing, but there are reasons that prevent this from being achieved,” noting that “Mazhar Muhammad Saleh’s expectations were since the beginning of 2023, but we have seen the fluctuations that the dollar exchange rate has experienced.” During the past year.”
He added, “The main reason that makes us not expect the foreign currency exchange rate to be close to the government pricing is the banking system in which the Central Bank of Iraq deals,” noting that “merchants are now required to open bank accounts in Iraqi banks for the purpose of withdrawing the dollar at the government pricing in order to control On the volume of transactions in dollars, and this mechanism requires that there be a difference between the government exchange rate and what is in the market.”
He continued, “If the exchange rate stabilizes, it is possible that the dollar will be purchased on the black market, and thus the government will lose control over the foreign transactions of the process, in addition to not benefiting from taxes and fees regarding dollar transactions by companies in banks.” He stated, “Now there are 80% of merchants who have opened bank accounts in Iraqi banks at a time when a year and two months ago there was no bank account for any merchant in banks, and this system is what requires that there be a difference between the exchange rate and the pricing, but it is possible that it will stabilize.” The exchange rate if the dinar is dealt with in all commercial transactions in Iraq, as well as if other foreign currencies are dealt with.”
Jabbar expected that the price of the dollar would stabilize with a difference of 15 thousand dinars from the government price, but this needs time.”
The Iraqi Prime Minister’s advisor for financial affairs, Mazhar Muhammad Saleh, confirmed last Saturday that the dollar exchange rates in the parallel market will fall to 135,000 for every 100 dollars in the near future.
The media advisor to the Iraqi Prime Minister, Hisham al-Rikabi, had previously stated that the exchange rates of the US dollar against the Iraqi dinar would reach the official price soon, pointing out that the government’s battle with foreign currency speculators was nearing its end.
