Monday, August 5, 2024
Sources: US Secretary of state issues stern warning to Iraqi Prime Minister, 5 AUGUST
Shafaq News/ On Sunday, US Secretary of State Antony Blinken delivered a strong warning to Iraqi Prime Minister Mohammed Shia al-Sudani, according to Iraqi sources. The message addressed concerns over potential escalations by Iran-aligned armed factions targeting US forces in Iraq and the broader region.
The source, in a condition of anonymity, told Shafaq News Agency that during a phone call, Blinken informed the Iraqi Prime Minister that "the US administration is prepared to take any measures necessary to protect its forces and interests and that any escalation by these factions would result in a more severe response than in previous instances."
The source also noted that al-Sudani assured Blinken of his efforts to "prevent any new escalation between the factions and US forces in the coming period. In exchange, al-Sudani requested US assurances against launching new attacks on members of the Popular Mobilization Forces (PMF) and affiliated factions, aiming to maintain control over de-escalation between the two sides."
While al-Sudani's media office did not confirm the US warning, it emphasized that the Prime Minister discussed the importance of halting aggression in Gaza, preventing its expansion into Lebanon, and curbing actions by Israeli Prime Minister Benjamin Netanyahu. Al-Sudani highlighted the need to stop Israeli attacks on regional countries and end violations of international law to prevent further conflict escalation.
In response, Blinken reiterated the US desire for Iraq to play a role in maintaining regional stability and mitigating escalation from all parties, acknowledging Iraq's ongoing efforts to support peace in the region, according to the statement.
The situation in the Middle East has become increasingly tense, with the US deploying warships to defend Israel in the event of Iranian attacks and several Western governments urging their citizens to leave Lebanon. This follows the assassination of Hamas politburo head Ismail Haniyeh in Tehran and Hezbollah commander Fouad Shukur in Beirut, with Iran and Hezbollah vowing retaliation.
Concerns are mounting over the potential involvement of the Axis of Resistance, including Islamic resistance factions in Iraq, in strikes against Israel or US interests in the region.
📢 A Step In The Right Direction BY ARIEL, 5 AUGUST
ARIEL
USD instability hits Iraq; US sanctions impact prompts CBI and finance chief to demand action, 5 AUGUST
Shafaq News/ On Sunday, Parliamentary Finance Committee Head Atwan Al-Atwani and the Central Bank (CBI) Governor highlighted that dollar exchange rate swings are fueling economic instability due to the growing disparity between official and parallel market rates, citing duplicated US sanctions on Iraqi banks.
Al-Atwani, chairing a Committee meeting with CBI Governor Ali Mohsen Al-Alaq, emphasized that "exchange rate stability is crucial for the state,” noting “concerns about duplicated US sanctions on Iraqi and correspondent banks,” urging the CBI “to address the crisis effectively and tighten oversight of private banks to ensure procedural integrity.”
In turn, the Governor detailed the causes of exchange rate fluctuations, explained the electronic platform's role in trade control, and covered the housing initiative, US sanctions on Iraqi banks, and the CBI's foreign currency reserves.
“Our hard currency reserves are adequate to stabilize the market, and the CBI sells over $250 million daily to support foreign trade needs,” Al-Alaq stated, adding, “85% of foreign transfers between Iraqi banks and correspondent banks bypass the US Federal Reserve System."
In addition, he emphasized “the housing initiative's significance,” noting that “the CBI has issued 10 trillion dinars in real estate loans, and is now focusing on financing the construction of 23,000 housing units, prioritizing completed residential complexes.”
In July 2023, the US imposed sanctions on 14 Iraqi banks to restrict dollar transactions, aiming to curb the flow of US currency to Iran. This move has contributed to a surge in the dollar's value against the Iraqi dinar, driven by limited Central Bank policies, inadequate bank integration into the electronic platform, reduced cash injection, and high demand from numerous exchange offices.
RV UPDATE BY RAYREN98, 5 AUGUST
RayRen98
3 LETTERS ARE "TALKIN" BUT I AIN'T "LISNIN" UNTIL I SEE SOME RESULTS! LOL THEY ARE LOOKING AT TONIGHT.
RayRen98
[via Babysmom] "SOME BANKS ARE SEEING A HIGH SELL RATE ON THE DINAR BUT SAY THEY CAN'T SELL IT YET...WAITING ON APPROVAL/CLEARANCE"
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RayRen98
WAS JUST INFORMED BY A 3 LETTER... IF NOTHING CHANGES, BANKS WILL SEE LIVE RATES IN THE MORNING. TIME WILL TELL.
RayRen98
IT IS BEING REPORTED THAT AN "ATTEMPT TO RELEASE" WAS UNSUCCESSFUL EARLIER TODAY... STANDBY...WHEN WE HEAR MORE, SO SHALL YOU.
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NOTICE: ALL SYSTEMS ARE "GO" FOR TODAY...LET'S SEE WHAT HAPP...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-rayren98-3-august.html
NETWORK REVEALS THE FATE OF THE CHINESE DEAL.. IT WAS DISRUPTED BY “IRAQI OFFICIALS” – URGENT WITH COMMENTS OF MNT GOAT, 28 NOV
NETWORK REVEALS THE FATE OF THE CHINESE DEAL.. IT WAS DISRUPTED BY “IRAQI OFFICIALS” – URGENT The Diplomat Network revealed in a report pu...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...