Members of Congress demand that the US government stop military aid to Iraq , 11 FEB

 Members of Congress demand that the US government stop military aid to Iraq 

2/9/2025   Baghdad / 

The National Network revealed in a report published today, Saturday, the existence of what it described as a "campaign" launched by a number of US Congress members to urge the White House to "reconsider" its current relations with the Iraqi government, most notably security and economic cooperation.

The network said, according to what was published by some media outlets, that members of Congress led by Representative Joe Wilson are now launching a pressure campaign on the US government with several demands, the first of which is to stop the military and security assistance provided by US forces to Iraq, and intelligence cooperation, and the last of which is "imposing sanctions" on the Iraqi economy.

The campaign launched by the members of the Republican Party also demanded that armed factions and some Iraqi parties be placed on the "terrorist list" and that their political and military work inside Iraq be prevented by imposing pressure on the government of Prime Minister Mohammed Shia al-Sudani.

Yesterday, American media published a letter signed by some representatives, sent by US Representative Joe Wilson to Secretary of State Mark Rubio, in which he asked him to impose sanctions on Iraq and stop the work of some armed factions in the country.  LINK

TIDBIT FROM MARKZ, 11 FEB

 MarkZ  

[via PDK] Question: so no tax on our exchanges?

 MarkZ:  I don’t think we will be taxed…but be prepared-just in case. Prepare for the worst and expect the best.

Is it possible we will see something Monday morning? 

 It’s possible.  But stay calm as there are a lot of moving pieces right now. There have been tons of comments from groups and contacts in Reno that have suddenly awakened. It is busier than we have seen it in years. Reno contacts are very optimistic.

More than one person told me that for a short time on the forex they saw the dinar at around one US dollar.

 I think this may be a little more testing…they have not opened it up for exchange yet….  Don’t panic…I don’t think this is the rate…but if it is I will take it and be happy...So this puts one IQD just under one US dollar.

Fnu Lnu: This training will give Iraqi banks the necessary tools ! @DINARREVALUATION #iraqidinar

 

Parliamentary Finance: No new appointments in the 2025 budget, 11 FEB

 Parliamentary Finance: No new appointments in the 2025 budget

The Parliamentary Finance Committee confirmed, on Sunday, February 9, 2025, that there are no appointments in the federal budget for the current year. 

Committee member Mustafa Al-Karawi said in a statement followed by Al-Jabal, "According to the latest amendments, there is no fundamental change in the budget law, and no new appointments have been included, but it is possible for the government to move within the budget schedules to reactivate some of the previous specializations and texts."

He stated that "the amendments sent by the Prime Minister and the Council of Ministers were limited to Article (12) related to the cost of extracting oil in the Kurdistan Region," indicating that "the amended article is supposed to enter into force soon, which will allow the start of exporting oil from the region's wells through the SOMO company."

The Ministerial Council for the Economy recommended a few days ago to stop listing new investment projects except for necessary ones.

The Council sent its recommendation to the Council of Ministers regarding new investment projects to stop listing these projects except for the necessary ones, with the approval of the Council of Ministers and the endorsement of the Ministry of Planning and Finance to provide financial allocation before entering into any financial obligations  link

AJ: IRAQ UPDATE, 11 FEB

 AJ

IRAQ;The Parliamentary Finance Committee reassured employees and retirees that delaying the arrival of budget tables (2025) does not affect the distribution of salaries.

Committee member Jamal Cougar explained in a press release that "the date for the arrival of the budget tables in Parliament is still unknown."

He added, "Although, salaries are secured as amounts and as cash, and there is as yet no delay in their distribution."

9:59 AM · Feb 10, 2025

FIREFLY: Banks are training on cross-border payments! @DINARREVALUATION #iraqidinarinvestor

 

The dollar stabilizes in the parallel market.. Is the price madness over?, 11 FEB

 The dollar stabilizes in the parallel market.. Is the price madness over?

The US dollar exchange rate is witnessing remarkable stability in the parallel market in Iraq at the present time, after a period of fluctuations and rising prices.

This stability is mainly attributed to the decrease in demand for the dollar for import purposes.
Economic expert Salah Nouri told {Euphrates News} that: “The stability of the dollar exchange rate in the parallel market is due to the decrease in demand for imports by traders who import goods from neighboring countries, as a result of anticipation of the outcome of the US decisions regarding sanctions.”

Nouri stressed that “the decrease in the dollar exchange rate has a positive impact on citizens’ purchasing power, but to varying degrees depending on the type of goods, such as basic food items other than medicines.”

Is the price madness over?

This stability indicates the possibility of an end to the “price madness” that the dollar market witnessed in the previous period; however, the economic expert believes that this stability is dependent on the decisions of the United States of America regarding sanctions, which means that the market may witness other fluctuations in the future.

Its impact on citizens

The decline in the dollar exchange rate has a positive impact on citizens’ purchasing power, as they can buy more goods and services with the same amount of Iraqi dinars. However, this impact varies depending on the type of goods, as citizens benefit more from the decline in the prices of basic food items other than medicines.  link