EXCHANGE RATES WILL RISE FURTHER.. WARNING OF AN IMMINENT ECONOMIC CRISIS DUE TO THE “COLDNESS” OF THE CENTRAL BANK WITH COMMENTS OF MNT GOAT, 21 NOV

 EXCHANGE RATES WILL RISE FURTHER.. WARNING OF AN IMMINENT ECONOMIC CRISIS DUE TO THE “COLDNESS” OF THE CENTRAL BANK 

Economic researcher Ziad Al-Hashemi warned of serious economic repercussions as the deadline to stop the dollar platform approaches in six weeks, noting that the Central Bank of Iraq is still dealing with the crisis coldly, which could lead to higher exchange rates and a shortage of imported materials.

Al-Hashemi explained in a post on the X platform that “dollar platform transfers represent about 22% of the total monthly transfers, which is a large number that has not yet been zeroed out, indicating that the continuation of this high percentage and its failure to adapt it to the new correspondent bank transfer system before the specified date may cause major disturbances in the markets.”

He added that “not addressing this issue will lead to some of the remittances going to the parallel market, which will increase the demand for the dollar and raise its exchange rate significantly, which will negatively affect the prices of goods and services in the Iraqi market. He also expected that this will hinder the ability of a large number of traders to import, which will cause a shortage of imported goods and an increase in their prices.”

He pointed out that “the Central Bank seems to be betting on a smooth transition process without problems, but it considered this bet unrealistic in light of the absence of a clear plan to manage the transitional phase.”

Al-Hashemi concluded his warnings by saying, “The Central Bank has only six weeks to act and manage this crisis, otherwise the delay will lead to disastrous results that will cast a shadow over the Iraqi economy by the end of this year.”

(There repercussions of the dollar platform will not happen if the sole peg to the dollar is also repegged away from the dollar and the demand for the dinar by global trading is realized. Many more banks “correspondent” banks will take up the exchange slack and avert any issues. But to do this means getting the reinstatement back to FOREX. Is this the plan? Is this why the remaining 22% does not seem to bother the CBI? Do they know something the author of this article does not know?)

EXPERT EXPLAINS THE ECONOMIC BENEFIT OF THE POPULATION CENSUS, 21 NOV

EXPERT EXPLAINS THE ECONOMIC BENEFIT OF THE POPULATION CENSUS

Today, Sunday, the financial and banking specialist, Mustafa Hantoush, explained the economic benefit to Iraq from conducting the general population census.

Hantoush said in an interview with Al-Maalouma Agency that “the Iraqi state’s funds are scattered and it does not know where to direct them or where to start the development process,” indicating that “the general population census is full of positives and has no negatives.”

He comes added, “There are no higher policies or clear lines to work on, and every country that puts forward its ideas far from the needs of society, and the population census will end this chaos by clarifying a number of important matters.”

He pointed out that “Iraq has clear economic problems in work, housing and diversifying the economy, and the state cannot solve them except by conducting a general population census.

Markz: " lots of chatter and expectations of real bond money this week "...

AL-SUDANI AND AL-AMERI: THE CENSUS IS AN ADDITIONAL PILLAR FOR ECONOMIC REFORM PLANS WITH MNT GOAT COMMENTS, 21 NOV

 AL-SUDANI AND AL-AMERI: THE CENSUS IS AN ADDITIONAL PILLAR FOR ECONOMIC REFORM PLANS  

Prime Minister Mohammed Shia al-Sudani and Secretary-General of the Badr Organization Hadi al-Amiri confirmed on Friday that the success of the general census is an added pillar to the development and economic reform plans.

The Prime Minister’s media office stated in a statement that “Al-Sudani met with Al-Amiri, where during the meeting they discussed all service and national files, and ways to proceed with implementing the government program, especially after completing the constitutional entitlement and choosing the Speaker of the House of Representatives.”

He added that “the two sides discussed the upcoming entitlements, most notably the general population census and the importance of its success to be an added pillar to the development and economic reform plans, in addition to reviewing the regional and international situations, in light of the continued Zionist aggression on Palestine and Lebanon, and international efforts to stop the war and escalation.”

(This is an important part of getting Article 140, which is important to get the Oil and Gas law which is important to get the reinstatement. Its called Stability. Remember stability and security needed for the Project to Delete the Zeros? 😊)

FIREFLY: SOUNDS THAT FINISH THE CENSUS IS TIED WITH LEGAL THINGS THAT NEED BE DONE BEFORE THE CHANGE OF EXCHANGE RATE , 21 NOV

 Frank26 

  [Iraq boots-on-the-ground report]   

FIREFLY: The census is for real.  Sudani says this is a really really serious census, I want you to participate and he needed us to work with him. 

 Sounds like it has to be tied in with legal things that need to be done and finished up before the official exchange rate rolls out.  

Just what we think here on the streets. 

 FRANK:  After the census I believe things will start to be revealed to you...

MNT GOAT: "After the revaluation, it was linked to a basket of global currencies." @DINARREVALUATION

 

ECONOMIST ASSESSES ABOUT OIL DECLINE: IRAQ IS ABLE TO COPE WITH PRICE CHANGES, 21 NOV

ECONOMIST ASSESSES ABOUT OIL DECLINE: IRAQ IS ABLE TO COPE WITH PRICE CHANGES

Economic expert Safwan Qusay confirmed today, Wednesday, that Iraq is able to confront changes in oil prices.

Qusay said in an interview with Al-Maalouma Agency, “There is no decrease in oil prices below $70 because OPEC is the one that determines production quantities and is determined to remain within the $70-100 per barrel range.”

He added, “In the event of a decline in Iraqi oil prices, the surplus that accumulated during the previous period of this year, in which Iraq sold at a rate of no less than 80 per barrel, will enable Iraq to confront price changes.

He pointed out that “Iraq has begun to diversify its economy by investing in oil derivatives and stopping the burning of associated gas, in addition to stopping the import of materials that could be included in the ration card.”

He pointed out that “the Iraqi government has opportunities in the matter of sustainable financing through the reserves of the Central Bank or through the sale of oil shares if revenues fail to reach their targets.”