EXCLUSIVE: Iraq has no intention to extend US forces presence, CF member says, 26 DEC

 EXCLUSIVE: Iraq has no intention to extend US forces presence, CF member says

Shafaq News/ On Wednesday, the Iraqi Coordination Framework (CF), which brings together Shiite political forces, denied the Iraqi government's intention to extend the presence of US forces in Iraq, while suggesting that armed operations could resume if the withdrawal timetable is not followed.

The Washington Post, citing an Iraqi official, reported that Iraq is likely to request an extension of the US military presence due to recent developments in the region following the collapse of the Al-Assad regime in Syria.

In response, MP Mokhtar al-Moussawi, a member of the CF, told Shafaq News Agency, "There is no intention from the Iraqi government or parliament to request an extension of the US forces' stay in Iraq following the recent developments in Syria…There are no concerns about the situation in Syria or its current leadership, as they do not affect Iraq's internal affairs."

Regarding the suspension of operations by Iraqi armed factions against US forces, al-Moussawi explained, “The operations stopped due to the existing timetable for the withdrawal of US troops from the country… Any extension of this presence will inevitably lead to the resumption of operations targeting American objectives and interests.”

"There is no possibility of US forces remaining; the implementation of the withdrawal timetable agreed upon by Baghdad and Washington is being closely monitored,” he added. 

Months ago, Baghdad and Washington announced an agreement setting a deadline for the withdrawal of US-led Global Coalition forces by September 2025.

Since mid-October 2023, armed factions have targeted US bases in Iraq, coinciding with the Israeli war on Gaza. The Iraqi factions claimed these actions were “in retaliation for US support” of Israel.

The previous escalation between the factions and the US led to military responses, the latest being an airstrike on Al-Qaim, a town northwest of Baghdad near the Syrian border. The US Central Command confirmed that its forces targeted sites linked to the Islamic Revolutionary Guard Corps-Quds Force and its affiliated groups in both Iraq and Syria. 

The US response to the attacks also included targeted assassinations of faction leaders in central Baghdad using “guided, precise” missiles.

FIRST BASKET OF RV CURRENCIES, 26 DEC

 

Holly Celiano's Christmas Update on Currency Rv: The RV will not occur until January 2025!! #iqd

 

Iraq Stock Exchange leads Arab markets with 130%+ growth in November, 26 DEC

 Iraq Stock Exchange leads Arab markets with 130%+ growth in November

Shafaq News/ The Iraq Stock Exchange (ISX) saw a 130%+ increase in trading volume in November 2024 compared to the previous month, leading Arab financial markets in growth, according to a report by the Arab Monetary Fund (AMF).

The report showed Iraq's growth rate at 131.24%. Other Arab markets with notable growth included the Damascus Securities Exchange at 87.83% and the Bahrain Stock Exchange at 68.22%. Markets like Egypt and Casablanca saw growth ranging from 54.25% to 19.08%. 

Regarding Iraq's progress, Faisal Al-Haimus, President of the Securities Commission, stated, “This progress is the result of ongoing efforts to develop the ISX and improve the investment environment… We are proud of this performance, which reflects investor confidence and the effectiveness of our plans to strengthen the market’s role in supporting the national economy."

"The AMF report strengthens the Iraq Stock Exchange's position in regional markets," he added. "We will leverage this progress to boost strategic partnerships and attract more local and international investments."

Al-Haimus stressed the commission's commitment to enhancing the market's infrastructure and regulatory procedures to boost its appeal and strengthen its role as a key driver of economic growth.

TIDBIT FROM FRANK26, 26 DEC

 Frank26  

 There is a plethora of very good informative monetary reform education articles that are coming out that are causing this great pressure of information, a venturi effect of information to the Iraqi citizens.  

This is the time to do that...We say to ourselves, 'Wow!

 They're telling the citizens they're going to add value to their currency by giving them purchasing power by lifting the three zeros from the exchange rate. 

 Wow!'...This monetary reform education right now, it's so much of it.  It's cornucopia that is filled.  It's a piñata that got busted open and it's spilling everywhere, every day.

MAJEED: WHEN BANK CARD BEING DISTRIBUTED, IT MEANS THE NEW RATE IS POPPING UP!! @DINARREVALUATION

 

What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?, 26 DEC

What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?

Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.

Al-Fahd told Baghdad Today, "The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks."

He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is the responsibility and responsibility of banks and exchange companies. This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq."

He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."

Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move that is, to say the least, far from professionalism and transparency.

Al-Hashemi said in a post on the social networking site "Facebook", which was followed by "Baghdad Today", that "stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates  link