In an economic analysis. The most prominent reasons for the disparity of dollar prices in Iraq

  The economist, Salah Nouri, pointed the US embargo is one of the most prominent reasons for the disparity of dollar prices in Iraq.

“Another reason that affects the disparity between the market price parallel to the US dollar and the official exchange rate is the US embargo on both {Russia, Iran, Syria},” Nouri said via {Euphrates News}.
“Therefore, it is not possible to import goods and goods from them through money transfers through the electronic payment system of the Central Bank of Iraq, but by obtaining the dollar from the parallel market, that is, increasing the demand for it,” Nuri added.
price stability
In addition, the financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed the stability of the dollar exchange rate against the dinar, despite its rise significantly today, reaching 1500 dinars.
Saleh showed {Euphrates News} that the fixed exchange rate system in Iraq is based on an international reserve base that is the highest in Iraq’s history and monetary policy, as the foreign currency covers more than 100% of the total currency currently issued.
In the face of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in the stability of the general level of prices, which has become that general price level stable in its vehicles and trends due to the impact of the current dominant official exchange rate factor on the financing of foreign trade (import) of 1,320 dinars per dollar.
Selling prices in the field of banking in local markets recorded with the closure of the main stock exchange in Baghdad, on Thursday, 149,750 Iraqi dinars for $100, while the purchase reached 147,750 dinars for 100 dollars.

Raghid

https://alforatnews.iq/news/في-تحليل-أقتصادي-تأشير-أبرز-أسباب-تفاوت-أسعار-الدولار-في-العراق

LATEST FROM AMERICAN PATRIOT FROM RVHIGHLIGHTS TELEGRAM ROOM, 5 JULY

 AMERICAN PATRIOT

GCR👉 Global Currency Reset - The global trend toward using national currencies in trade instead of the US dollar gained significant momentum after Russia was cut off from the Western financial system and had its foreign reserves frozen in 2022.                                                                                                                                                      https://www.rt.com/business/600435-sco-national-currencies-putin/

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The FED👉 The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government assistance – are inadequate, reports Reuters.                                                                                            https://dailyhodl.com/2024/06/22/jpmorgan-chase-bank-of-america-and-citibank-flagged-for-holding-trillions-of-dollars-in-derivatives-without-proper-contingency-plans/

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RV - The U.S. abandoned the gold standard in 1933. But ninety-one years later, in the midst of an inflation crisis, investors are flocking back to the original.                       https://schiffgold.com/key-gold-news/golds-natural-scarcity-propels-its-valuation-growth/

Whiskey and Wisdom with MarkZ, MikeB, and Zester. 07/03/2024

A leader in the democracy announces the resolution of the region’s salary dispute with Baghdad

 The leader of the Democratic Democratic Party, Wafaa Mohammed Karim, announced the resolution of the region’s salary dispute with Baghdad.

Karim said {Al-Furat News} that: “The issue of the salaries of the Kurdistan region has been almost resolved, where the lists of names were printed, as well as the Federal Court issued a decision on the possibility of localizing salaries in the region.”

“So far, there is only the subject of security salaries, some of which will be sent in cotts and not with lists of names,” he added.

Karim said “reaching a solution in sending the Asayish and National Security lists in the form of cots.”
The Kurdistan Regional Government (KRG) welcomed the decision of the Federal Court for Freedom to nationalize the salaries of regional employees in private or public banks.

In a statement, the Kurdistan government promised that the Federal Court’s letter represents a positive and fair step, which will allow the salary receivers in the region the freedom to choose to determine the bank in which they want to settle their salaries, announcing the continuation of working in accordance with the instructions of the Central Bank of Iraq, and the banks participating in the (Account) project must continue the process under these instructions, so that all salary receipts in the region must be registered in this process by the end of this year.

Raghid
 

https://alforatnews.iq/news/قيادي-في-الديمقراطي-يعلن-حل-خلاف-رواتب-الاقليم-مع-بغداد

LATEST FROM FIREFLY, 5 JULY

 Frank26  

[Iraq boots-on-the-ground report]  

 FIREFLY:Saleh on the news talking about soon the parallel market will be same as regular...  

FRANK:  ...The parallel rate doesn't exist anymore and if it doesn't exist anymore it's because they have a new exchange rate.  The parallel rate was because you had a program rate.

---

 FIREFLY:
The Gazette, it's been printed but with July 1 date and there's no budget and no budget schedules in it.   Maybe we have to wait for that appeal and the 15 days.

---

[Iraq boots-on-the-ground report] 

  FIREFLY:
Television says that the development road project has Iraq as center of global trade and it will be the hub for the Middle East.  

FRANK: Of the Middle East?  No.  The world...They're trying to tell you, you have a new exchange rate because these words don't mean anything at 1320.

 FIREFLY:

We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO.  This is going to be official...July the 18th.  FRANK:  To join the WTO Iraq does not need a currency with value.  No, that's not the point.  Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

 FIREFLY:
The television is saying parliament committee is saying there is a new number in the budget.  They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process..

https://dinarevaluation.blogspot.com/2024/07/iraq-boost-on-ground-report-by-firefly.html

Iraqi dinar Intel Guru Markz 🇮🇶 Dinar Finally Realesed With New Exchage ...

Central Bank Explains New Mechanism for Delivering Dollars to Travelers

 Baghdad – Mawazine News

The Central Bank of Iraq revealed, on Thursday, the new mechanism for passengers to receive foreign currency (dollars), which will be exclusively through corporate outlets and banks at international airports.

“The goal of the new mechanism, which will enter into force on July 14, is to reach the real traveler and pass proper transactions, as well as facilitate the arrival of travelers to the dollar faster,” the bank said in a statement.

The Central Bank reviewed “the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies, spread in all cities to deliver the amount in dinar equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq.”

He pointed out that “the company will work to enter the data of the traveling citizen and remove his name in the electronic platform of the Central Bank of Iraq and deliver him a receipt that supports the process of depositing the dinar, to receive the cash dollar exclusively inside the airport,” noting that “when completing the departure procedures, the amount will be delivered in dollars through the ports available at the airport, 24 hours a day, 7 days a week.”

The statement noted that “the Central Bank decided to allow exchange companies to receive more than one quota during the week in order to achieve full response to traveler requests.”

https://www.mawazin.net/Details.aspx?jimare=250764