Friday, January 10, 2025
AL-MALIKI AND THE PRESIDENT OF THE REPUBLIC STRESS THE IMPORTANCE OF UNIFYING NATIONAL EFFORTS TO PROTECT IRAQ’S SOVEREIGNTY WITH COMMENTS OF MNT GOAT, 11 JAN
AL-MALIKI AND THE PRESIDENT OF THE REPUBLIC STRESS THE IMPORTANCE OF UNIFYING NATIONAL EFFORTS TO PROTECT IRAQ’S SOVEREIGNTY
The head of the State of Law Coalition, Nouri al-Maliki, received the President of the Republic, Abdul Latif Rashid, this evening, Tuesday, where they reviewed the developments of the political and economic reality in the country.
A statement from his office, a copy of which was received by {Euphrates News}, stated that: “During the meeting, emphasis was placed on the importance of unifying efforts between national forces to consolidate the protection of Iraq’s sovereignty and enhance its security and stability, especially since the region is witnessing major challenges that require cooperation and work to overcome them.”
He added, “The two sides also stressed the need to manage political and economic affairs in accordance with the constitutional legal context. ”
According to the statement, the two sides expressed their “desire to coordinate positions and approve laws that have direct contact with the citizen and laws that complete the structure of the political system, and maintain the current stability and transform it into permanent stability.”
(Trust me on this one – Nori Al-Maliki it not the man to create unity within Iraq. HE hates the Sunnis and hates the Kurds even more. He has dictatorship desires for Iraq and would love to be the next Saddam Hussein. How he survives to this day is because the US protects him. He it their puppet man. He also does work for the CIA when needed inside Iraq to do their dirty work. He must go. So articles like this are ironic. This man will say anything and do anything to gain power and stay in power. He is a gutless person with no good values, morals, scruples or patriotism.)
STATUS OF THE RV, PART. 2 BY MNT GOAT, 11 JAN
STATUS OF THE RV, PART. 2
😊Then in our second article on this same topic we learn that in fact what this first article claims is NOT happening. The article is titled “AL-NUSAIRI: EXPLAINS THE NEW MECHANISM FOR EXTERNAL TRANSFERS AFTER THE PLATFORM IS CLOSED”.
I quote from this article “the electronic platform was a stage in this direction, and now we have reached the stage that is practiced in the countries of the world according to international banking standards through the direct relationship between local banks and correspondent banks.”
Do you really think the CBI does not have a long term plan they are working through?
Do you think they don’t know what they are doing? Here is yet more quotes from this second article “that speculation in dollars on the black market is punishable by law.”
Also “limiting the sale of cash dollars to travelers and through a strict mechanism has made cash dollar sales at a minimum level, and therefore what is in circulation is what remains with travelers.” This is really almost the only source now for the parallel market to obtain dollars.
Then I quote also: “ We should look at the price at which the Central Bank covers all external operations, including imports and personal transfers for the purposes of study and treatment abroad and legitimate purposes, which explains the stability of prices in light of the current inflation rate, which is about 3.1% less than the inflation rates in Arab, regional and neighboring countries. So, inflation is not occurring and is low. Remember I told you the main concern of the CBI in this move would be inflation and so there is little inflation, in fact the level is totally normal and acceptable.
Then the best part of the article is the CBI is telling us that this new strategy is normal and is working so far. I quote: “This means that the Central Bank has achieved a basic objective of monetary policy.”
The in the article Al-Nusairi sets the record straight and that the parallel market is NOT important anymore to the Iraqi economy. I quote: “Al-Nusairi expressed his surprise that some people calculate the banks’ revenues from selling the dollar (in the parallel market price) by measuring the difference between the market price and the official price, which is a big mistake because the banks do not transfer at the market price but at the official price monitored by the Central Bank” So this last quote says it all. The Black Market is doomed to fail. It is just a matter of time and it won’t be much longer.
IMPORTANT IRAQ NEWS: NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE“, 10 JAN
NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE“
Strategic affairs expert Mujasha’ Al-Tamimi commented on Wednesday (January 8, 2025) on the possibility of making a real change in the political system in Iraq during the next stage.
Al-Tamimi told Baghdad Today: “The regime in Iraq is protected internationally and regionally, and the United States is the greatest guarantor. If this stable relationship between the political regime in Iraq and America continues, then there is no fear of regime change.”
He explained that “the most important thing is to respond to the internal and external demands, and the demands that come from the supreme authority in Najaf regarding the necessity of carrying out political reform in this regime that has begun to suffer from many crises. There is also concern among many politicians, especially after the fall of the Bashar al-Assad regime and the great progress achieved by the American-Israeli axis in the region.”
Al-Tamimi added, “The overthrow of the regime in Iraq is a far-fetched scenario for anyone who wants to overthrow it, but I believe that the political forces have begun to feel great concern after the changes that have occurred in the region, in addition to Donald Trump’s arrival to the White House. Therefore, I expect that the biggest beneficiary of this is the Iraqi government, which will gain more independence in the decisions it issues, away from the policy of international and regional consensus.”
Al-Tamimi continued, “The Prime Minister does not have (political debt to the outside) because he is a son of the interior and feels the pressures that the citizen is exposed to, so I expect that there will be an absence, even if not at the required level, of weapons outside the authority of the state. Also, if Iraq continues with the policy of (Iraq First), it will obtain acceptable reforms, especially in fighting corruption and investing wealth, especially natural gas and stopping the import of gas from Iran.”
The strategic affairs expert concluded by saying: “There will be clear changes and reforms in the subject of the election law, which will be somewhat satisfactory to the Iraqi voter, not to the major political forces.”
STATUS OF THE RV , PART. 1 BY MNT GOAT, 10 JAN
STATUS OF THE RV
I hope the new year is going great for everyone today. I want you to know that if you live in southern California I am praying that God protects your home and for your safety and well-being.
Today I need to first briefly explain in more detail why the parallel market is so bad for the Iraqi economy and how it has been causing the high inflation rates.
So if the CBI has an official rate and the merchants use this rate to previously buy dollars with dinars from the currency auctions or electronic platform, the prices of the goods is reflected in the cost of the price to obtain these dollars.
Get it.
However, when the merchant can’t obtain the needed dollars through the prior currency auctions or the new correspondent banks method they resort to using the black market to get their dinars. Since the black market knows they can get a premium for their dollars they charge a much higher rate, thus this price to obtain them must also be carried down in the price of goods sold.
This caused inflation. The US Treasury has decreed that the CBI must control its currency as part of the banking reform process.
Why would the US Treasury allow the reinstatement of the dinar unless there was some sort of mechanism to control its pricing. The Free Market trading on the open currency market (i.e. FOREX) should drive the pricing not some black market behind the scenes. Get it?
Yes, there will probably always be some speculation and some currency brokers outside the banks.
You can go right now online to buy Euro from a currency dealer online through the internet. They will charge a slight commission to buy them as their profit margin. But this is much different than a Black Market scarcity since the pricing of the Euro is controlled and it is only a reasonable commission used. There are plenty of Euro available.
As there will eventually be also plenty of dollars available too in Iraq but just not yet since the first need to enforce the law to regulate them. Once the law is inline than Iraq will follow any other country in the buying and selling of dollars as usually done. Keep remembering that the currency auctions was NOT normal practice for any nation. It is post-war time effort to avoid inflation and mandate the sanctions.
Now Iraq must also make this second part of the effort to break the parallel market that has plagued the CBI for so long. The good news today is the CBI is winning in this battle but is not quite there yet. This is the news given to us today.
😊 I’d like to further address the question of {whether or not the CBI’s strategy to kill the black market sales of the dollar is working and to give you proof}?
To answer this question, we only need to read a couple of the articles now coming out of Iraq for this period of news. Here is the first one I want to address titled “THE RISE RETURNED TO THE MARKETS AND FEARS DISSIPATED.. WILL THE “PAPER”BREAK THE 200 THOUSAND DINAR BARRIER?”
In this first article they tell us there is a severe shortage of dollars in the parallel market and it is going to raise the price of the dollar to 200,000 dinars per 100 dollars. How many freekeh times must we read this crap about the dollar exceeding 200,000? This is all fear mongering and they need to crack down on the FAKE news in Iraq too.
This is old propaganda news. I quote from the article “While citizens are worried about the repercussions of this crazy rise, traders stand perplexed in front of a turbulent market that swings between expectations and speculations, while voices are rising calling for urgent action by government agencies and the Central Bank to contain the crisis before it is too late” Oh I am so scared…..lol..lol…lol… 😊
If you continue to read the article it becomes apparent that the author knows very little about the CBI’s plan to kill the black market dollar sales altogether if possible or at least limit it to the “official CBI rate” The author acts as if this is a travesty and is going to crash the Iraqi economy…lol..lol..lol..
☹ Yes, fear mongering, as if Iraq will never survive without the black market dollar sales. I just got to laugh as we all know the strategy and this is not going to happen. It is already 9 days since the change over to the correspondent banks and this has not occurred.
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