Amid Talk Of American Blackmail.. Calls To The Sudanese To Negotiate With Washington Regarding The Price Of The Dollar
December 27, 2022 Baghdad/The Obelisk: The Obelisk publishes the most prominent interactions of TV dialogues and tweets about the rise in dollar prices, Monday, January 26, 2022.
Sudanese advisor for financial affairs, Mazhar Muhammad Salih:
– The slight fluctuations in the exchange rate outside the current central rate have come for internal and external reasons – the internal reasons are related to the cash dollar
– there is monopolistic activity inside the market that acts outside the regulatory controls
– the monetary authority works to stabilize the exchange market in two tracks: the first: is represented by monitoring the exchange market and the second: related In dollars transferred
– There are objections from international compliance control regarding some transfers with incomplete information submitted by private banks
– There is a rejection of a number of transfers issued by requests from some private banks from the international compliance departments
– Private banks have become obligated to follow the standard principles in their numbers and processing of transfer messages External
– Foreign reserves have become the strongest in Iraq’s financial history, and their balance may have exceeded one hundred billion dollars
– There is no fear or concern about Iraq’s financial capabilities in imposing stability in the exchange rates of the dinar
Professor of fiscal and monetary policy during Hussein Shinawa’s dialogue:
There are many reasons for the rise in the price of the dollar in Iraq, including trade financing
. The central bank and the government must negotiate with the US side to reduce the exchange rate of the dollar
. To steal the century
– the trend to invest in foreign currencies such as the Chinese yuan is a successful policy for the dollar’s appreciation
Representative Mustafa Jabbar Sanad, in a post on Facebook:
– The rise of the dollar these days is due to the suspension of the transfer of Iraq’s entitlements from dollars by the US Federal Reserve for the purpose of political blackmail and understanding, he said.
– The rise of the dollar these days came because of America and the purpose is to prevent the dollar from entering Iraq
– the accumulation of foreign currency reserves in the Central Bank of Iraq and deposited with the US Federal Reserve, which will exceed 100 billion dollars
– it is difficult for Iraq to dispose of this large number, only America allowed five shipments per month of Entering the country
– it is cowardly not to criticize the current government and the current parliament for watching the rise of the dollar
– it is cowardly and inferior not to criticize the negative role of the Americans, to diagnose the colonial role and international blackmail, to prevent the financing of our money and the silence of the political leadership
State of Law MP Alia Nassif tweeted:
– On the occasion of the rise of the dollar to 154 and its direction towards 160, we say (you are sleeping, you ash-soul, and the dollar is suffocating your people)
– Sharif al-Suf is not a person, but rather a system that deserves a curse for its corruption
– the curse begins with those who have the idea ofraising the dollar and ends with those who oppose its return to 120
Journalist Mostafa Kamel in a tweet on Twitter:
– It is expected that the exchange rate of $ will reach 2000 dinars
– The increase in prices came due to the new dealings of the US Federal Bank with the new government
– The first decision of the Federal Bank after the advent of Al-Sudani was to stop the work of four Iraqi banks without mentioning any reasons for the suspension
– to stop strengthening the $ for the rest Banks that take an official stake
The Secretary-General of the Nujaba Movement, Akram Al-Kaabi, in a previous interview:
– The state controls its economy, America
– Its oil revenues are in American banks
– A country whose budget is signed by the American president.
State of Law MP Hanan Al-Fatlawi tweeted:
Where is the central bank governor?
– The dollar has climbed to the ceiling, and our wallets can be merry!
– A state of panic afflicts the markets due to the rapid rise in the exchange rate of the dollar
– the government is required to clarify to reassure the people and clarify their measures to prevent the collapse
– it seems that the Governor of the Central Bank is fasting Zakaria from talking
Representative Bassem Al-Gharibawi during a televised interview:
– The rise in the exchange rate of the dollar is one of the repercussions of the measures taken by the government against the theft of the century
– American pressure exerted on the government in order to negotiate a number of political matters
– there is a clear weakness in the procedures of the Central Bank and the solutions that were proposed did not find any benefit
– the price of the dollar is a paper that Washington is pressing to keep it its forces on Iraqi soil
A member of the Parliamentary Education Committee, Mahmoud Hussein Al-Qaisi, tweeted:
– Hundreds of billions stacked in the Central Bank’s receivables
– Tons of gold stored and treasury bonds are in the US Federal Bank
– Market control is subject to a government decision capable of curbing the dollar at any moment the government wants
Political activist Abd al-Rahman al-Jubouri tweeted:
– The framework government, if the issue of dollar exchange is not resolved with institutional financial policies, the rope of the dinar and its weak purchasing power will be wrapped around its neck.
– Emotional solutions and marketing the narrative of the conspiracy, its oxygen is not enough to save
– black money transfers (in galfi) mean smuggling dollars with black wheels to neighboring countries, and from there they disappear.
– I mean, the method of smuggling Nour was developed, but this is a second generation, improved and protected
Political analyst Ibrahim Al-Dulaimi during a televised interview:
– Trailers following the parties carried the dollar from the stock exchange to struggle Friday
– I challenge analysts who were vowing to lower the dollar to do something now
Head of the Parliamentary Rights Bloc, Saud Al-Saadi:
– We call on the Speaker of the House of Representatives to hold an extraordinary session to discuss the reasons for the rise in the exchange rate of the dollar
– to take urgent and decisive measures to liberate the Iraqi sovereign decision
Prepared by Muhammad Al-Khafaji https://almasalah.com/archives/34949
What Is The Deepest Reason For The Rise In The Dollar Exchange Rate?
December 28, 2022 Baghdad/Obelisk: Haitham Khazali The most important thing that concerns the Iraqi citizen and the Iraqi government recently is the rise in the exchange rate of the dollar to reach 1600 dinars per dollar, which prompted the Iraqi government to take several measures in order to reduce the exchange rate to 154 thousand dinars per dollar, so what is the reason for this rise?
Yes, the US Treasury imposed a platform to monitor the currency sale window in Iraq and link it to the (OFAC) system to monitor the movement of imports and check the name of the importer, the beneficiary, and the imported commodity, and this led to the rejection of approximately 40% of cash transfers, although Iraq’s financial situation is very excellent, as it has a balance of $ 100 billion in addition to $ 18 billion for the account of the Ministry of Finance, all of which are in the US Federal Bank.
But the most important question is why did the US treasury apply these conditions now and without gradation?
The truth is ((The US Treasury does not have more than $98 billion in cash, according to Bloomberg newspaper)), and this is what Janet Yellen, the US Treasury Secretary, warned about last September, and she asked Congress to raise the government debt ceiling or Dept selling to more than 31%. $4 trillion to enable the government to borrow, as the US government finances its activities without taxes by selling treasury bonds, i.e. borrowing and paying interest, and this situation led to an inflation of the US debt.
This is the highest US public debt ratio in history, and the reason for the increase in the US public debt for the year 2022 is due to two reasons:
1- The huge US spending this year, reaching $6.175, six trillion, one hundred and seventy-five billion dollars.
2- The US Federal Reserve raised interest rates, which amounted to 4.25%, which means higher costs of servicing the US debt, as the United States paid
$103 million debt service for the month of September, and you only drink the first of this year.
In this situation, the US government may resort to temporary (exceptional measures) until Congress agrees to lift or suspend the debt ceiling law. lowers its international credit rating or confuses its financial markets.
The year 1979 was the first time that the United States defaulted on its debts, which led to a 60-point increase in the cost of borrowing service for America.
In the event that the default is repeated again, the US national product will decrease by 4%, 6 million people will lose their jobs, unemployment rates will rise by 9%, the stock market will lose a third of its value, and American families will lose $15 trillion of their wealth.
It is expected that the Congress will agree to raise the debt ceiling at the beginning of the year 2023, as it did previously and for more than 100 times.
Or the American president resorts to the Fourteenth Amendment of the Constitution and borrows without the approval of Congress.
In both cases, most of the exceptional measures are canceled, which means that the conditions for releasing transfers to Iraq may be eased, and dollar prices will drop again.
We believe that this economic situation is the real reason for the sudden exceptional measures that led to a rise in the exchange rate of the dollar against the Iraqi dinar.
Hopefully the next one will be better… https://almasalah.com/archives/35227
The Iraqi Dinar Falls Dead In The Conflict Between America And Iran
Policy 2022/12/28 09:28 number of readings: 189 Baghdad – Iraq today: The exchange rate of the dollar in Iraq recorded an unprecedented increase in years, reaching 160 thousand dinars for every 100 US dollars, after the market witnessed a gradual rise in the past weeks, which negatively affected the prices of basic commodities in the country.
While some link what is happening to the weakness of monetary policies in the country, observers believe that the US-Iranian conflict is the main reason for what is happening, amid fears that the crisis will deepen if the Sudanese Prime Minister, Muhammad Shia’a , does not provide sufficient guarantees.
[rtl] Al-Sudanese called on the Central Bank of Iraq to achieve general stability in prices and the exchange rate of the dollar in accordance with the tasks stipulated in the Iraqi Central Bank Law.
And Al-Sudanese explained during his meeting with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, that the Central Bank Law provides for achieving stability in the local exchange rate, organizing and monitoring the work of banks, enhancing the safety and efficiency of payment systems, and developing the payment system.
And he stressed “the need for the Central Bank of Iraq to take the necessary measures to prevent illegal speculation, and everything that harms the local market and leads to higher prices.”
However, former member of the Finance Committee in the Iraqi Parliament, Ahmed Haj Rashid, attributed the reasons for the rise in the exchange rate of the dollar against the Iraqi dinar to the ongoing political conflicts between the United States and Iran.
He said in a press interview, “What is happening now has nothing to do with the Central Bank of Iraq. Rather, the United States believes that the dollars that the Central Bank of Iraq is pumping into the Iraqi markets go to Iran, so the prime minister must make up his mind in this regard,
and if he acts with sophistication and rationality, he will be able to restore the exchange rate to 148 thousand dinars, but if he acts otherwise, he is expected that the exchange rate is of the dollar Against the Iraqi dinar will reach 175 thousand dinars.
According to al-Hajj Rashid, the United States asked al-Sudanese to pay a visit to Washington to decide whether he would be with it or within Iran’s circle. And then you will decide.
[rtl] Hajj Rashid confirms that Washington knows very well that Tehran’s continued steadfastness throughout this period in front of the pressures it imposes on it is due to the trade exchange taking place with Iraq, so it wants to prevent Baghdad from dealing with Tehran even in Iraqi dinars.
He pointed out that the United States plans to prevent Iran from exporting gas and electricity to Iraq in the coming period. Hajj Rashid believes that this measure, if it takes place, will cause great damage to the value of the Iraqi dinar. It is not excluded that Al-Sudani and his framework government will be subjected to pressure if he chooses to be within the circle of Iran.
He continued, “If Al-Sudanese does not make up his mind during the coming period and does not join the American camp, demonstrations and protests by the Sadrists (the Sadrist movement) will begin, and Al-Sudanese government will be subject to completion. paralysis.”
[rtl]The Kurdish parliamentarian from Sulaymaniyah Governorate, Soran Omar, revealed what he called a “scandal” of a commercial bank that carried out a money laundering operation.
Omar said in a press interview, “10 commercial companies were established in the names of citizens from the people of Sulaymaniyah without those knowing about them,” pointing out that “the establishment of these commercial companies was with the aim of money laundering and currency smuggling abroad.”
He pointed out that this process was carried out through the branch of the Middle East Bank in Sulaymaniyah, which took advantage of clients’ documents to establish fictitious companies that obtained billions in loans and then smuggled the money abroad under the pretext of importing goods.
Soran Omar, who takes a position opposing the authorities, explained that the bank branch official in Sulaymaniyah is a Kurdish citizen and a resident of Sulaymaniyah, and many customers filed lawsuits against the bank after the Federal Intelligence Directorate investigated the names of the owners of those companies and cut off the ration card from them. LINK
