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Abdul Wahed: Iraq incurs annual losses amounting to $21 billion due to the currency difference, 13 JAN

Abdul Wahed: Iraq incurs annual losses amounting to $21 billion due to the currency difference

In a development that is considered the largest apparent theft in the history of Iraq, the country loses a huge amount of $21 billion annually as a result of currency differences.

The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, wrote in a tweet on the X platform, followed by NRT Arabic, that Iraq suffers from an inability to control the parallel market, which makes the government and the central bank unable or unwilling to eliminate these losses.

Abdul Wahed added that, because Iraq’s oil is sold in dollars, and while the government and the central bank count every 100 dollars as 132 thousand dinars, Iraq is incurring huge losses due to currency differences, as a few influential individuals and companies benefit at the expense of the national treasury.

She pointed out that there are parliamentary demands to stop these obvious thefts that come in the context of its new legislative term, as Parliament must put an end to these practices and work to host all responsible parties to take radical solutions to this financial crisis.

nrttv.com

"RV UPDATE"" BY BRUCE, 13 JAN

 Bruce 

  [via WiserNow]   ...This time ...is really an interesting time for us. We are right in...the throes of the final days of this...what we're hearing from a major paymaster with Wells...that we should receive our notifications within the next four days... Friday, Saturday, Sunday, to Monday ...Now, they may take this to the  very end...Let's see what happens for us Over the next four days 

...the the leaders of...redemption centers, the bank managers all put in their access codes. And now all they were waiting for is some form of return that gives them the green light from Treasury to proceed...Now it's up to Treasury...to get the green light placed for everything to begin... we'll see what develops over the next couple of days.

Iraqi Dinar Revaluation News Last 24 Hours-Iraqi Dinar News Today | Rv U...

Washington puts Baghdad’s money in its treasury and waves the economic card to ensure its military presence inside Iraq, 13 JAN

Washington puts Baghdad’s money in its treasury and waves the economic card to ensure its military presence inside Iraq

Information / Baghdad…
Washington’s control over Iraq’s oil revenues did not come from nowhere. Rather, the American administration considers it a trump card through which it can impose what it wants on Baghdad and achieve its demands and interests, which are summarized in the military presence in Iraqi bases, which the people rejected andannounced their decision through the House of Representatives to reject any presence. For foreign forces on Iraqi territory and granting the government a mandate to implement this decision, at a time when political parties stress the importance of establishing new economic partnerships that guarantee Iraq’s rights and distance it from the cycle of American blackmail, especially with regard to the oil revenue file controlled by Washington.

A member of the State of Law coalition, Rasul Radi, told Al-Ma’louma, “All information confirms that the Iraqi economy is hostage to the US Federal Reserve, which controls the most important revenues that the Iraqi government depends on, which are oil revenues,” adding that “everything is possible and not surprising from the administration.” If the United States takes an economic decision that harms the interests of Iraq, especially since oil sales revenues are placed in the aforementioned bank and Iraq obtains them through (distillation) when needed, and as a result, America has access to the Iraqi funds held by the Federal Bank, which has caused an increase in the dollar exchange rate and the occurrence of some harassment. Finance in the past period.

On the other hand, a member of the Al-Fatah Alliance, Ayed Al-Hilali, told Al-Maalouma, “The economic situation in Iraq is suffering from confusion, especially with regard to the dollar file and the exchange rate, which prompted Washington to intervene in this matter, and therefore there is an American connection to the economic file, as Iraq is in dire need of To market itself and its economic files and benefit from the experiences of many countries, including Singapore and some Gulf states, in economic dealings with America, and at the same time oblige it not to violate or breach national sovereignty, and to establish new partnerships that serve the interest of Iraq.

On the other hand, Hussein Al-Karaawi, a member of the Popular Movement for the Belt and Road, confirmed to “Al-Ma’louma” that “the political forces must move to put an end to the American transgressions against the Iraqi people, the security services, and the Popular Mobilization Forces, and this matter requires a unified position from the resistance forces to put pressure on the political parties to make decisions.” It would end the American presence,” pointing out that “Iraq can not link its economy to the American side and move towards the eastern camp alongside Russia, China, Iran and other Asian countries, and take decisions that ensure the distance of the American occupier from Iraq without thinking or fearing any economic measures that it may take.” Washington against Baghdad.

almaalomah.me

"RV UPDATE" BY MNT GOAT, 13 JAN

 Mnt Goat

    ...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.

There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm. 

 Article:  "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON"  If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know.  But this is fantastic news today.

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