TNT
Tishwash:
Former MP: Iraq’s financial autonomy is lost because of Washington
On Monday, former member of the Finance Committee, Muhammad Al-Shabki, a-----d Washington of dominating the oil revenues in the US Federal Bank.
Al-Shabki said in a statement to the “Al-Ma’louma” agency, “There are issues imposed on Iraq and domination of the Iraqi economy by the United States,” noting that “this policy that America placed on Iraq is the reason for the calamity in its economic situation.”
He added, “Iraq does not have autonomy over its money coming from oil exports in the US Federal Bank,” calling on the government to “be freed from this pressure and have a say in reformulating the relationship with the Americans.”
He stated that “Iraq is asking the American side for a lot of money, which represents the proceeds of the amounts in the Federal Bank.”
Earlier, a member of the Al-Fatah Alliance, Ali Hussein, warned in a statement to the Al-Ma’louma Agency about the American control over the oil financial revenues in the Federal Bank, accusing Washington of exploiting this control to exert pressure on Iraq. link
The power of the “Federal Forces”… Iraq is moving to achieve financial autonomy
The United States of America still dominates the Iraqi economy through economic agreements concluded by Washington according to what primarily serves its interests, as the American administration seeks to block the way for those trying to rid the country of its control over Iraqi oil sales funds.
The United States of America continues to impose its influence on Iraq in many vital files, including depositing the funds from the sale of Iraqi oil in the US Federal Bank, amid clear blackmail by passing many files, most notably the dollar bill, which puts great pressure on the government.
Advertisement
______________________________________________________
Iraq seeks to get rid of this dominance by depositing the money in the Federal Bank and sending it directly to the Central Bank.
Speaking about this file, Al-Fatah Alliance member Ali Hussein calls on the government to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and the continuing American sanctions, while stressing that Iraq’s move towards lifting the restrictions of the US Federal Bank is a must.
Hussein said in an interview with the Maalouma Agency, “It will be a bold step, but it will succeed if the atmosphere is created and contracts are made with alternative international banks,” noting that “it is necessary to bring in companies from international countries.” that do not deal in the US dollar.”
He continues, “Entering into the Shanghai system and other global organizations will be the first stage of liberation from the dollar,” adding that “the movement to end the dollar’s hegemony over the world, led by major countries, has greatly succeeded.”
He adds, “Contracting from companies from Eastern countries and bringing them to work inside Iraq will avoid the economic blockade,” pointing out that “the government is required to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and American sanctions.” link
Harambe:
Telegram: Reports of 2 American soldiers k----d in the bombardment of 7 missiles by the Iranian proxy on the Ain Asad base in Iraq
Reports of 2 American soldiers k----d in the bombardment of 7 missiles by the Iranian proxy on the Ain Asad base in Iraq.
Report on American military activity at the Arar border crossing between Saudi Arabia and Iraq. Possible US reinforcements on their way to Iraq.
Advertisement
______________________________________________________
Telegram Link:
https://t.me/beholdisraelchannel/37017
Tishwash:
Iraq, EU discuss combating t-------m
Today, Monday, the head of the Counter-T-------m Service, Karim Al-Tamimi, discussed the file of combating t-------m with the European Union Mission.
A statement by the service received by /Al-Youm Al-Akhbariya/ stated that “the head of the Iraqi Counter-T-------m Service, Lieutenant General Karim Al-Tamimi, received the head of the European Union Mission and his accompanying delegation today, Monday, at the headquarters of the Counter-T-------m Service in the capital, Baghdad.”
The two sides discussed, according to the statement, “security cooperation in combating t-------m with regard to holding workshops and conferences and exchanging expertise and information with the European Union countries.”
The statement indicated that “the discussion addressed the Iraqi national strategy to combat t-------m and the mechanisms of cooperation in its implementation in order to achieve the desired goal of reaching a secure and stable Iraq.” link
Source: Dinar Recaps
=======================================
Tishwash:
Central Bank Governor’s Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?
The Governor of the Central Bank of Iraq, Ali Al-Alaq, submitted a request to relieve him of his post to Prime Minister Mohammed Al-Sudani, amid a series of issues and problems in the financial and banking sector in Iraq, which include the failure to control the dollar exchange rate on the black market.
An informed source revealed to Al-Mustaqilla today, Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy.
The main reasons that prompted Al-Alaq to submit his resignation are related to the ongoing difficulties in managing the financial and banking sector, in addition to the major challenges in controlling the dollar exchange rate on the black market. Since taking office, Al-Alaq has made many promises to achieve financial stability, but he has faced great difficulties in implementing them, which has led to increasing pressure on him.
A document obtained by Al-Mustaqilla today, Tuesday, revealed that the Speaker of Parliament has agreed to host the Governor of the Central Bank, Ali Mohsen Al-Alaq, by the Parliamentary Integrity Committee. This hosting aims to discuss the challenges facing the Central Bank and investigate the reasons that led to the request for his resignation.
Al-Alaq’s resignation could raise questions about the future of financial policy in Iraq. The central bank is central to economic stability, and any change in its leadership could have a significant impact on financial markets and confidence in the banking system.
Advertisement
______________________________________________________
Iraq faces major economic challenges that require strong and qualified financial leadership. The most prominent of these challenges are:
Controlling the exchange rate: Iraq needs effective policies to control the dollar exchange rate and prevent speculation that leads to sharp fluctuations.
Banking system reform: Improving the efficiency and transparency of the banking system to keep pace with international standards.
Combating c--------n: Promoting integrity and transparency in financial institutions to prevent c--------n and restore investor confidence.
Text:
To / Governor of the Central Bank / Office of the Governor
O--l parliamentary question
good greeting.
Based on Article (61/Seventh (1) of the Constitution, and Articles (27) Second) and (29) of the House of Representatives and its Formations Law No. (13) of 2018, and based on Articles (50) and (51) of the internal regulations.
House of Representatives. We refer to you the parliamentary question addressed by Mr. Representative Dr. (Hadi Hassan Al-Salami) to answer it orally in the presence of the Governor of the Central Bank at the House of Representatives session, and the date will be determined later according to the period specified in the legal articles.
With respect link
Low oil prices threaten Iraq’s economy: Does the government have a plan or will it wait and watch?
Economist Omar al-Halbousi confirmed that the drop in oil prices to $75 per barrel is putting Iraq under great pressure, especially since the 2024 budget was approved on the assumption that the price of a barrel of oil will be $80.
Al-Halbousi warned that the continued decline in oil prices will lead to a major collapse and the government’s inability to pay salaries and run the state’s work. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
Advertisement
______________________________________________________
