FRANK26: "MP... YOU SUGGEST WHAT SUDANI HAS ALREADY ACCOMPLISHED!!!"....F26
Who controls the dollar exchange rate now? Arian parliament answers.
4/14/2025
Economy
Member confirmed Finance CommitteeMustafa Al-Karawi Today, Monday, the current controlling factor for the dollar exchange rate is foreign remittances.
Al-Karawi told Sumaria News, “There are still large gaps in this process, and we notice the presence of hard currency in local markets in large quantities that do not match the volume of imported goods.”
He continued, “Foreign remittances and control over auditing... Bills The dollar exchange rate is controlled by the Central Bank, taxes, customs, and border crossings,” he said, noting that “the problem of controlling the volume of imported goods and comparing them with the volume of amounts transferred outside Iraq "It is still going on."
He continued, “We are working to ensure seriousness and find radical solutions to the problem of foreign remittances,” calling for “the need to adopt a new electronic system that manages this process, independent of personal actions.”
Member: Markz what new RV news did you hear from your mainland insiders this week?
MZ: Stream will be shorter today as I head to the airport and back to Puerto Rico today as soon as this stream is finished.
Member: Once 30% of bonds are done it will be our turn – right Mark????
MZ: I did get an update from historic bonds saying last week and the weekend went exceptionally well and they hope to achieve the 30% point this week.
Member: So the RV has begun with bond people being paid? If that's true, Lets all hope we are next.
Member: With bond holders being paid- we should be no more than 14 days away –I would think?
Member: Are we looking before or after Easter for the RV?????
Member: Easter is a 4 day weekend I believe- including Good Friday.
Member: Zimbabwe starting to pay white farmers for 2020 bond settlement agreement
Member: Markets in the green this morning, gold n silver down a bit....
MZ: This one got me excited today “Parliament face a constitutional challenge. Ready laws await vote and fate is in hands of blocs” they are telling us things are ticking down and there is a short time period to make all of these changes before they get into the election cycle. They are telling us to look for a lot of activity. Look for the budget and HCL and lots of agreements. They are setting the stage right now.
Iraq is bracing for renewed economic turbulence as oil prices fall below the critical $65 per barrel mark—five dollars short of the benchmark adopted in the country’s federal budget. The slide in global crude markets threatens to erode the very foundation of Iraq’s oil-dependent economy, prompting
speculation over potential fiscal and monetary policy shifts.
According to economic analyst Salah Boushi, the continued depreciation in oil prices could severely undermine the state’s ability to fund essential institutions and public services. “The longer this drop persists, the more pressure the government will face,” he told Kurdistan24. “A flexible, carefully calibrated strategy is imperative. Increasing oil production may become necessary to offset lost revenues.”
While some officials advocate for boosting output, others warn against hasty decisions involving Iraq’s monetary reserves. The central bank’s hard currency reserves, considered a last line of defense, are unlikely to be tapped under current circumstances. Still, one policy instrument remains within reach—and contentious: the exchange rate.
Economic expert Ahmed al-Ansari noted that while Iraq’s reserve fund is generally safeguarded for emergencies, adjusting the value of the Iraqi dinar relative to the U.S. dollar remains a plausible option. “We’re unlikely to see the reserves touched, but a revaluation of the dinar, coupled with domestic borrowing, could help bridge a potential deficit,” al-Ansari explained. (ECONOMIC LEAKS ASRAFLAK!!! -F26)
The recent price plunge has also sparked unconventional proposals. Some economists have suggested postponing monthly salary disbursements by an additional ten days—shifting from a 30-day cycle to 40—as a temporary measure to alleviate budgetary stress and delay liquidity shortfalls.
Iraq’s fiscal vulnerability is deeply rooted in its dependency on oil, which constitutes nearly 90% of national revenue. Any significant fluctuation in the global oil market poses a direct threat to the country’s financial stability. As prices continue to fall below projections, the government faces the unwelcome prospect of making “painful” adjustments that could directly affect ordinary citizens.
For Iraq’s population—already grappling with inflation and diminished purchasing power—the prospect of a revised exchange rate raises alarm. A stronger dollar would translate into more expensive imports, triggering a ripple effect on everyday goods and services.
With few viable alternatives in the short term, and in the absence of economic diversification, the Iraqi government may be forced to choose between austerity and structural reform—or risk spiraling into a deeper crisis.
MZ: This is something we are going to start seeing in Iraq as well……”April 18 is the final day to exchange the fifth issue of Kuwait currency: The Central Bank” …this is a reminder that in Iraq dedolllarizidation and deleting the 3 zeros will lead to this down the road. We will have a limited time to turn in our currency before banks make it not accepted anymore. This mechanism exists for nations that change their values.
MZ: Speaking of changing values: “The Argentinian peso : Where is the currency headed after FX regime overhaul?” They are going to the free market after all of their changes. This is another currency that will be changing values soon. Look for positive changes coming to several countries. .
U.S. Defense Secretary Pete Hegseth reiterated Sunday that while Washington remains committed to a diplomatic path to prevent Iran from acquiring a nuclear weapon, the American military is fully prepared to act decisively if negotiations fail.
Speaking on CBS’ Face the Nation, Hegseth described initial indirect talks between U.S. and Iranian diplomats in Oman as “productive” and “a good step,” suggesting cautious optimism in resolving long-standing concerns about Tehran’s nuclear ambitions. However, he made it clear that diplomacy has its limits.
“We’ve shown a capability to go far, deep and big,” Hegseth said. “Again, we don’t want to do that, but if we have to
, we will to prevent the nuclear bomb in Iran’s hands.”
The comments came just a day after diplomats from Washington and Tehran initiated backchannel discussions in Muscat, signaling a renewed, albeit tentative, attempt to revive stalled nuclear diplomacy.
President Donald Trump, who withdrew the United States from the Joint Comprehensive Plan of Action (JCPOA) in 2018, has taken a hardline stance since returning to the White House, emphasizing that military action remains “absolutely” on the table—particularly in partnership with Israel.
“If it requires military, we’re going to have military,” Trump told reporters earlier this week. “Israel will obviously be very much involved in that, be the leader of that.”
The Trump administration’s posture follows a blunt warning issued in late March, when the president declared, “If they don’t make a deal, there will be bombing.” The statement underscored growing alarm in Western capitals, where intelligence assessments suggest Iran could be just weeks away from developing a deliverable nuclear weapon. Tehran has consistently denied it seeks to build nuclear arms, insisting its program is for peaceful purposes.
The revival of talks in Oman comes at a critical juncture in Middle Eastern geopolitics, with regional tensions running high and the specter of a new conflict looming. While Washington maintains its preference for a peaceful resolution, officials have been increasingly vocal about the consequences of Iranian defiance.
“President Trump hopes to never have to resort to a military option,” Hegseth reiterated, “but we are not naïve about the stakes.”
As negotiations continue behind closed doors, observers say the coming weeks will be pivotal in determining whether U.S.-led diplomacy can succeed in preventing Iran’s dangerous nuclear ambitions—or whether Tehran’s defiance will push the region closer to a destabilizing conflict.