Tuesday, March 12, 2024
Sudani resolves the fate of the strategic framework agreement after the US withdrawal, 12 MARCH
Sudani resolves the fate of the strategic framework agreement after the US withdrawal
Prime Minister Mohammed Shia Al-Sudani stressed on Monday that Iraq does not need foreign soldiers from 86 countries under the international coalition, noting that the US withdrawal does not mean the break or the termination of the coordination framework agreement at all.
Al-Sudani said in an interview followed by Mawazine News that “the US withdrawal does not mean canceling the strategic framework agreement and then announcing the break.”
He added that “negotiations between America and Iraq are conducted militarily without policy intervention and are professional and depend on three circumstances, including an assessment of the threat of ISIS, operational conditions and an assessment of the capabilities of Iraqi forces in the face of dangers.”
He pointed out that “Iraq will work to schedule the American withdrawal after taking into account all those assessments and then it will work to develop US-Iraqi relations and work in accordance with the Strategic Framework Agreement.”
"THESE ARE THE MECHANISMS TO BRING FORTH THE NEW EXCHANGE RATE" BY FRANK26, 12 MARCH
KTFA
FRANK26:"THESE ARE THE MECHANISMS TO BRING FORTH THE NEW EXCHANGE RATE".........F26
Preventing the collapse of the currency... praising the government's steps to control the price of the dollar
3/9/2024
Baghdad
Today, Saturday (March 9, 2024), Professor of Economics at Halabja University, Farman Hassan, praised the Iraqi government's steps to control the dollar and prevent speculators.
Hassan said in an interview with "Baghdad Today" that "the government's measures, including the steps of Prime Minister Muhammad Shia al-Sudani and the Central Bank, are good and prevented the collapse of the Iraqi currency," stressing that "if the measures Continue, the price of the dollar will decline gradually.”
Hassan added, “The government controlled speculation and prevented monopoly,” pointing out that “most materials are traded in Iraqi dinars, and thus the local currency has rebounded, and the dollar has not risen to record levels.”
He stated that "the gradual decline will continue because people's demand for the dollar has gradually decreased, after the reassurances sent by the government and the central bank that the dollar will not rise to significant levels, and therefore people no longer have major fears, and Those who buy the dollar are now only those who have an actual need.”
The Parliamentary Finance Committee confirmed on Wednesday (March 6, 2024) that the dollar is controlled by the relevant government agencies, calling for not taking into account the rumors of losing and corrupt parties.
Committee member Moin Al-Kazemi told “Baghdad Today” that “there are some politically losing parties and personalities who have major suspicions of corruption, working to continue spreading rumors that the government is not in control of the dollar market and the Iraqi dinar is declining , for the purpose of political influence as well as influencing the market.”
Al-Kadhimi added, “The government is currently in complete control of the dollar in all its transactions, and there is real and serious work to strengthen the Iraqi dinar,” stressing that “everyone is required not to take into account the rumors of losing and corrupt parties, as they do not want economic stability, to achieve their suspicious agendas.”
(LOL... THE POT CALLING THE KETTLE BLACK... SOMEONE ACCUSING FALSELY INSTEAD OF THEMSELVES -F26)
The expert in economic affairs, Ahmed Al-Tamimi, confirmed earlier today, Wednesday, that the dollar crisis in Iraq is behind corruption mafias, with political protection from some influential people and parties that are trying to obstruct economic reforms.
Al-Tamimi told "Baghdad Today", "The politically protected corruption mafias were the primary beneficiaries of the dollar crisis and they worked to exacerbate this crisis for their own interests and gains. They are also currently working to obstruct any government reforms in the financial and economic sector."
He added, "These mafias have political protection from some influential people and parties, and these parties work politically to create problems so that any government efforts that want reform fail. This is why we see that the dollar crisis is still continuing and ongoing despite all government steps. The parallel market is still witnessing a significant increase." at the official price.
LINKMonday, March 11, 2024
Al-Sistani’s office announces that tomorrow, Tuesday, is the first day of Ramadan, 12 MARCH
Al-Sistani’s office announces that tomorrow, Tuesday, is the first day of Ramadan
Information / Baghdad..
The office of the Supreme Religious Authority, Sayyed Ali al-Sistani, announced on Monday that tomorrow is the first day of the holy month of Ramadan.
The office stated in a brief statement, received by the Maalouma Agency, that “tomorrow, Tuesday, is the first day of the holy month of Ramadan.”
A number of Arab and Islamic countries announced that today, Monday, completes the blessed month of Shaaban, and Tuesday is the first day of Ramadan. End 25 hours
"132 TONS?... NOPE LOL" BY FRANK26, 12 MARCH
KTFA
FRANK26: "132 TONS?... NOPE LOL"............F26
With its rise locally... Iraq's gold reserves were revealed
3/10/2024
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the size of the Iraqi gold reserve at the Central Bank of Iraq.
Saleh told {Al-Furat News} agency, “There should be a distinction between fundamentally imported commercial gold and monetary gold, which is an integral part of the country’s foreign reserves, as monetary gold falls within the diversification of the monetary authority’s investment portfolio, and the numbers indicate that it exceeds 132 tons of monetary gold and within the safe range of reserves.” foreign to the country.
He added, "As for commercial gold, it is regulated by a law and instructions that are subject to the controls of commercial systems and the gold marking law, which the Central Agency for Standardization and Quality Control undertakes to mark and protect gold assets supplied to the country as national wealth."
Local markets in Baghdad are witnessing an increase in gold prices, as the selling price of a gram (the mithqal) reached 465 thousand dinars.
An economist, Salah Nouri, revealed the reasons for the rise in gold prices.
Nouri told Al-Furat News, “What is happening at the present time in terms of the increase in gold jewelry is the result of an increase in demand for it. When the demand for it increases, its price increases, and so far this is economically logical.”
Nouri added, "But more importantly, why has the demand for gold jewelry increased at the present time? I think that the citizen tends to save in it instead of the dollar, and this is a weak reason. It is more likely that traders speculating in the dollar are turning to gold instead of the dollar for reasons of speculation or smuggling, because Individual citizens’ need for gold jewelry is limited to special occasions.”
Meanwhile, an informed source told {Al-Furat News} that one of the reasons for the rise in gold prices was due to “citizens’ weak confidence in banks,” so they withdrew the amounts deposited in banks and turned to gold.”
Raghad Dahham
