Friday, December 27, 2024
Foreign Policy: Demographic Gift Will Make Iraq A “Global Economic Power” With Washington’s Help, 27 DEC
Foreign Policy: Demographic Gift Will Make Iraq A “Global Economic Power” With Washington’s Help
Translated reports |Today Baghdad Today – Translation The American newspaper Foreign Policy, which is close to the White House, published a report today, Friday, December 27, 2024, on the population census prepared by the Iraqi government, stressing that the results of the census must be respected by all political parties in Iraq to prevent "dire consequences" and pave the way for "huge investment."
The newspaper said, according to what was translated by "Baghdad Today", that Iraq, which is now enjoying a "demographic gift" as a result of the high percentage of youth among its population, which has reached sixty percent, must invest properly by implementing plans and making decisions that improve the Iraqi economy and raise "investment and entrepreneurship rates and integrate the young workforce into the private sector through government initiatives that guarantee investment," according to its description.
She continued, "The United States must help the Iraqi government to exploit the demographic gift correctly and achieve appropriate economic investment in it to prevent the severe damage that Iraq will be exposed to, and consequently the United States and its interests in the country, if it fails to do so," noting that failure to invest the demographic gift correctly will lead to "high rates of unemployment, crime, and political and security instability."
The network also confirmed that Iraq would be a "huge regional and international economic power if it exploited its demographic gift as East Asian countries did, achieving what was known at the time as their economic miracle during the nineties by exploiting the youth and their high percentages in society."
The Foreign Policy report concluded by stressing that the Iraqi government, along with Washington, must ensure that Baghdad succeeds in exploiting its demographic gift during the coming period, stressing that the real test of the Iraqi government and regime’s ability to lead the country in a correct manner that guarantees continued international support will be after the announcement of the final results of the census expected during the next month.
On November 20 and 21, 2024, Iraq conducted a comprehensive population and housing census, including the Kurdistan Region, the first since 1987.
The Iraqi government announced the preliminary results of the census on the 25th of last month, where the population of Iraq reached more than 45 million people, including foreigners and refugees, and the percentage of the population of working age (15-64 years) reached 60.2%, so that Iraq has entered the demographic gift stage with the percentage of the population of working age reaching 60%. LINK
ARIEL UPDATE, 27 DEC
ARIEL
who are anticipating the inevitable. Because based on this info below the CBI knows it is running out of time. These exchange companies are running against the clock.
They keep worrying about what Majeed is saying on X because they are trying to hide how much the salaries are by not disclosing the amount being paid to workers because people will figure out what the rate is.
And that will probably force their hands before they are ready to pull the trigger because they know that speculation will spike and citizens will go into a frenzy. And they are trying to control this by reducing exposure.
This is why they set up certain policies for citizens who attempt to take more Dinar than what they need out of the country to prevent them from taking advantage of the new exchange rate. Now they are scrambling.
I suggest you all prepare for this event by making sure you have all your currency in order. Making the neccessary phone calls to set up appointments. And other things you deem important to ensure things go smooth for you.
Rumors and speculation behind US dollar rates spike in Iraq, official, 27 DEC
Rumors and speculation behind US dollar rates spike in Iraq, official
Shafaq News/ The recent rise in the US dollar’s exchange rate against the Iraqi dinar is temporary and fueled by speculation, Iraq’s financial and economic adviser to Prime Minister Mohammed Shia Al-Sudani said on Thursday.
Advisor Mazhar Mohammed Saleh revealed to Shafaq News, “The exchange rate gap in the market is fundamentally stable due to strict controls on cash dollar sales through legal outlets for travelers,” adding that travelers can access other permitted amounts through various payment cards at an exchange rate of 1,320 dinars per dollar.
Saleh attributed the volatility to the recent shift from the previous external transfer platform to new mechanisms for foreign currency allocation, designed to meet banks’ foreign currency needs for trade financing.
Warning against the exploitation of false information aimed at profiteering, he explained that “this transition has led to a wave of misinformation and misunderstandings, exploited by the parallel market and speculators for quick profit.”
The PM’s advisor further described the rise in the exchange rate as “temporary market bubbles, which will fade over time.”
On Wednesday, the economist Abdul Rahman Al-Mashhadani attributed the dollar’s rise primarily to rumors that falsely suggested that foreign transfers would stop.
“This rumor is incorrect as 97% of transfers conducted through the platform were routed to banks with correspondent relationships for account reinforcement,” Al-Mashhadani said. He also noted that the increased demand for dollars is partly due to Christmas holidays, as travel spikes during this period.
For his part, Parliamentary Finance Committee member MP Jamal Kocher informed Shafaq News that the committee is actively monitoring the dollar exchange rate in the parallel market in coordination with the Central Bank.
"The Finance Committee may summon the governor of the Iraqi Central Bank for questioning if the exchange rate does not stabilize," he added.
EXCERPTS FROM MARKZ, 27 DEC
EXCERPTS FROM MARKZ
MZ: I have an article that reminds me of the article that came out in Kuwait the day they revalued. “ Parliamentary finance settles the matter: the exchange rate will not change.” There are several “Kuwait style” articles that came out overnight and this morning. Most them are about “exchange rates”
Member: What time of day did Kuwait revalue?
MZ: I want to say –maybe 11 AM to 2 pm? ……does anyone know for sure? But it was during Kuwaits daylight hours. That would be wee hours overnight for us.
MZ: “Sudanese advisor reassures via Shafaq news about the rise of the dollar –the temporary market bubble” They are saying over the holidays there will be a temporary rate increase of the dollar. They are expecting it and have mechanisms for it. And yes they had held auctions the last couple of days.
MZ: “Dollar auctions: What is the fact that the central banks currency conversion platform has been stopped?” They want us to know there are still auctions but that they are expected to stop in the new year.
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