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TNT
Tishwash:
Expert: There is no concern about the stability of the dinar, with the large reserves of dollars and gold
Al-Shammari said in a press statement, followed by the Independent, that what happened during the last period of the rise in the dollar against the local currency was caused by a lack of supply and an increase in demand for it.
Al-Shammari added that external factors stand behind this rise, including Iraq’s payment of dues to Iran in the national currency, which is around 3-5 trillion dinars.
He explained that these sums were pumped into the Iraqi market in one way or another to buy dollars in light of Iran’s need for foreign currency more than the Iraqi dinar to revitalize its tired economic situation.
Al-Shammari stressed that with these factors, in addition to others, there is no fear or concern for the Iraqi dinar, in light of the presence of large reserves of dollars and gold, in addition to the continuous flow of foreign currency from the export of oil in particular. link
CandyKisses:
Al-Kinani: America has taken the dollar as a pressure card to keep Iraq away from China
Information / Baghdad…
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Political analyst Hussein Al-Kinani saw that America took the dollar as a pressure card against the government to keep it away from China and its projects and push Baghdad towards Washington’s allies in the region, pointing out that America seeks to make the Sudanese government like its predecessor in order to serve its interests.
Al-Kinani told Al-Maalouma, “The American administration does not want Iraq to contract with China and implement its agreement with Beijing, and goes beyond that towards the survival of American forces inside Iraq and an attempt to force Baghdad to conclude agreements with Washington’s allies.”
He added, “America used the dollar bill as a factor of pressure on the Sudanese government in order to ensure that this government does not succeed, in addition to its attempt not to continue to remain in power.”
Al-Kinani explained, “There is an American effort to make the Sudanese government the same as its predecessor headed by Al-Kazemi, especially since it came from blocs that are not allies of Washington, which makes America push towards thwarting the government and its projects in order to obstruct its projects in various fields.”
Tishwash:
An “angry” demonstration is expected in front of the US embassy in Baghdad
A member of the Coordinating Body of the Popular Movement for the Belt and Road, Hussein Ali Al-Karawi, announced on Sunday that he is preparing to demonstrate in front of the US embassy in response to its interference in Iraqi affairs .
Al-Karawi said in a statement to Al-Maalouma, “The popular movement for the Belt and Road is in the process of preparing to demonstrate in front of the American embassy of Iraq, to demand that the US not interfere in determining Iraq’s evil economic destination.” and conclude agreements that would build Iraq.
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He added, “The popular movement calls on the Iraqi people to go out in this upcoming demonstration to save what remains of their wealth and build a future for future generations,” noting that “the date for the demonstration will be determined after coordination with independent representatives, independent forces and trade unions.”
Al-Karawi called on the independent members of the House of Representatives to “convene a session to reduce the servility and subjugation of the political forces and their leaders to the Americans who will preserve their gains and their partisanship and personal interests.” link
The Federal Court talks about c********n in Iraq and sets a condition for ending it
On Sunday, the President of the Federal Supreme Court, Jassem Muhammad Abboud, spoke about the causes of widespread c********n in Iraq, stressing that it is practiced by junior and senior employees.
Abboud said in an interview with the Iraqi News Agency, which was seen by “Al-Iqtisad News”, that “c********n in Iraq is of two types: large and small,” noting that “small c********n is what is committed by junior employees, and this leads to the loss of confidence of the Iraqi citizen in the public office, so Now most Iraqi citizens have lost their confidence in the public office, although sometimes there are a large number of employees who enjoy high integrity, but this culture is currently prevalent in Iraqi society based on foundations that led to the spread of this culture.
He pointed out that “for example, when an Iraqi citizen goes to any of the state departments, he is exposed to blackmail in order for his transaction to be completed. This c********n led to the citizen’s loss of confidence in the public office, while the administrative system in Iraq was one of the most prominent administrative systems in the Middle East.” Pointing out that “great c********n is committed by senior officials or by some political parties. This c********n is what impedes state building.”
And he indicated that “the failure to find a real national strategy and intention to fight c********n is the reason for not putting an end to this c********n, and therefore when there is a real political intention to end c********n, it will end, and when we do not find this real intention, this c********n will not end link
Source: Dinar Recaps
Harambe:
Iran, China Launch 1st Direct Shipping Line | Farsnews Agency
(1/1/23)
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Managing Director of the Chabahar Free Zone Organization Amir Moqaddam said that Chinese ships previously unloaded in Bandar Abbas, in Southern province of Hormuzgan, with their cargos then being transferred to Chabahar in Sistan-Baluchistan Province via smaller ships.
With the establishment of the direct shipping line between China and Chabahar, cargos are delivered ten days earlier, while cost of loading and unloading is reduced by 400 dollars per container, the official explained.
The establishment of that shipping line plays a great role in the development of transit via Chabahar Port.
https://www.farsnews.ir/en/news/14011011000338/Iran-China-Lanch-s-Direc-Shipping-Line
KaseyKo1:
I’m hopeful we’ll see something this week. Yada, I just hope this new round of demonstrations will not upset the apple cart, so to speak, and slow things down.
Yada:
I doubt it. The mechanism is in place in and outside of Iraq. The dinar is not pegged to the dollar and for the past 15 days or so, it has been adjusting to home in on pairing with the other currencies in the basket. The people will have to use dinar to make their exchanges on their apps and the rest of the world will be using dinar for their contracts.
No more having to convert to dollar to buy/sell, straight dinar/dong, dinar/yuan, dinar/pound, dinar with any other contract they’ve established.
VictorD:
I wish I could find evidence that the dinar is no longer pegged to the US dollar but I can’t. Can anyone help?
Yada:
The evidence is in front of you. The fluctuation of the dinar and dollar the past 15 days was it. It had never move this much prior to this because it wasnt, it was moving up and down. And going forward, the Float in itself is proof. imo
VictorD:
That is street rate which has nothing to do with CBI rate. The street rate has fluxgated for the past 15 years. Daily….CBI rate is what effects people outside of Iraq.
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Yada:
There was an article about a week ago, basically stating, “the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards.” Application of the international standards is the set up for the float to be released internationally. We were told the beginning of December to expect a good Christmas, meaning rate change but this process didn’t get started until the 24th. We are seeing this come to us like a freight train with the float first.
CandyKisses:
PARLIAMENT AGREEMENT ON THE LEGISLATION OF THE OIL AND GAS LAW
Baghdad-INA
The Kurdistan D********c Party announced today, Sunday, an agreement to legislate the oil and gas law, while noting that the law will solve one of the most prominent outstanding problems between Baghdad and Erbil.
“Both Kurdish parties have their interests, and the dispute between them is a very natural issue, provided that the differences do not affect the interests of the Kurdistan region,” said Majid Shankali, a representative of the party, in a statement.
He added, “The best way is the dialogue, to reach a formula of understanding between the two parties, and go to Baghdad unified to resolve contentious points, especially the region’s share of the budget,” noting that “everyone agrees on the oil and gas law, and it will be legislated during the coming period.”
Source: Dinar Recaps
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