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[rtl]The Sudanese government and the obscurantism of its infernal monetary policy[/rtl]
[rtl]Sunday, January 22, 2023 - 08:28[/rtl]
[ltr]Sameer Adel[/ltr]
[rtl]The value of the Iraqi local currency began to gradually decline against the exchange rate of the US dollar, and all this under the government of Muhammad Shia'a al-Sudani, and the aforementioned decline led to an increase in prices, especially food stuffs, as The exchange rate of the dollar against the Iraqi dinar reached more than 165 thousand dinars until the writing of this article. .
We say that Al-Sudanese statements served to strengthen and confirm the illusions in society that the reason for the depreciation of the Iraqi local currency (the dinar) is smuggling it to Iran, and not due to the monetary policy of the Al-Sudanese government that we explain here, which is trying to disavow it and obscure it and obliterate the true essence that is hostile to the interests of the late majority. From the fans of Iraq.
Of course, it must be noted that the media hostile to Iranian influence also promoted this idea or illusion, whether in the form of articles, statements, or reports on currency smuggling operations, or as stated in the program (Nadim's words), which is shown from Monday-Thursday at eleven o'clock at night. On (Sky News Arabia), which went in the same direction, whether to strengthen the tendency hostile to Iranian influence in Iraq and the region or deliberately, to obscure the reality of the monetary policy of the Sudanese government that is identical to the financial policies of the International Monetary Fund.
Truth be told, the story of smuggling to Iran by Islamic militias and parties loyal to Iran is not confined to the limits of currency smuggling, but rather extends to organized smuggling of oil to Iran. A percentage of the money obtained from it goes to Iran. Moreover, the border points are controlled by the same parties and militias. Also, part of the customs tariff money, which is estimated at four billion dollars annually imposed on goods, goes to Iran.
That is, those militias and their parties smuggle all the capabilities of Iraqi society to Iran during all those years. In return, the leaders of the Islamic parties and militias obtain political privileges, security and diplomatic immunity from the ruling Islamic regime in Iran. American forces assassinated him two years ago from 200,000 barrels of Iraqi oil per day, and with all these thefts, looting and smuggling, they did not weaken the value of the Iraqi dinar, which was set by the Central Bank at 116,000 dinars for every 100 US dollars, in the Iraqi Central Bank's currency auction.
It is true that currency smuggling affects one way or another on the currency trading market, but it is limited and slight, and it does not leave significant effects on the overall rise in commodity prices and influence the markets as we see today in the Iraqi markets , and this also does not mean that it does not affect the economy, but it does. As a result. That is, currency smuggling is present in every country, but it varies in quantity according to the existence of the state or not, as is the case in Iraq.
Accordingly, the smuggling of dollars from Iraq to Iran is not new, since the handover of Iraq to the Islamic parties loyal to Iran and thanks to the American occupation, that is, since the formation of the first government, which is the government of Ibrahim al-Jaafari in 2005, the dollar is smuggled in an organized manner to Iran, and after that smuggling was organized through the establishment of banks and banks affiliated with militias and Islamic parties, and with this, during a decade and a half, that is , between 2005-2020, the exchange rate of 100 dollars remained equal to 120 thousand dinars in the markets, and it was scheduled that any exchange rate of the dollar against the Iraqi dinar would reach during the era of Baqir Solagh,who held the position of minister Finance in the second Maliki government to 100 thousand dinars.
In other words, currency smuggling to Iran has been and is still taking place, in full swing for years, even in light of the drop in oil prices to less than $30 a barrel in global markets during the era of al-Abadi's government, and ISIS took control of a third of Iraq's area in 2014, and an empty treasure was handed over. From funds from the Maliki government to its predecessor, the Abadi government, and the announcement of austerity policy by the latter, the exchange rate of the dollar against the dinar did not change as we are witnessing it now, as 100 dollars were sold in the currency auction to the Central Bank at a value of 116 thousand in dinars, and it reaches the market at a price of 120 thousand.
While the Sudanese government received a budget worth 115 billion dollars, which is from the revenues of oil sales for the year 2022, and with all this, we find a deterioration in the purchasing power of the Iraqi individual due to the depreciation of the local currency .
The economic program of the Sudanese government is an extension of the program of the Al-Kazemi government, and it boils down to putting the global and local economic crisis on the shoulders of workers and employees. The government is loyal to the General Federation of Trade Unions of Iraq, whose president is in prison and is from the Sadrist movement because of corruption and theft, and this indicates that the Sudanese government is proceeding through starvation, impoverishment and suppression of freedoms to pass its economic programme.
Thus, the positions of the legislative, executive and militia forces towards the devaluation of the dinar are in complete harmony. The Iraqi parliament speaker, Muhammad al-Halbousi, refused a request by fifty deputies to hold a meeting of parliament to discuss the depreciation of the local currency. Just as al-Sudanese held a meeting two weeks ago with officials of the central bank and did not address or be included in it. The agenda of the meeting is any issue about the depreciation of the local currency. In parallel, Hadi Al-Amiri made watery, not fiery statements, that he and his group must resist colonialism in its response to the depreciation of the currency, to complete the scenes of the play, which is the least described as “sly comic” , between the prominent actors, the Speaker of Parliament and the Prime Minister.
*****
The economic crisis of the global capitalist system afflicts all countries, and that Iraq did not jump from Mars in order to be far from that crisis, meaning that Iraq is part of the global capitalist system that is going through a suffocating crisis, and in addition to it, all political parties, especially the ruling Shiite political Islam, are terrified of the street Especially, it has a bitter experience with the October uprising, so it has no choice but to try to absorb the resentment of the workers, employees, toilers , and the unemployed and gaining the time factor, and especially finds itself besieged in Iraq after the popular anger invaded the Iranian cities, which are the forces of political Islam that see with their own eyes, that Anger settles on a quiet fire,Gradually turning into a revolution that uproots the mullahs' regime from its roots and throws it into the dustbin of history, and that the ruling class in Iraq is aware of this fact, as it resorts by taking advantage of the devaluation of the local currency in Front of the dollar exchange rate that it receives from oil sales, in order to achieve some surface demands that we will come onmention it.
It must be noted that the devaluation of the dinar against the exchange rate of the dollar led to a decrease in the purchasing power of pensions and salaries by up to 25%, not to mention the rise in commodity prices due to the exchange rate of the dollar, which is added to that percentage, and the rate of inflation occurring in the global capitalist market, for the erosion of pensions, salaries and wages to reach 40-50%.
Through the process of devaluing the local currency, the Sudanese government is trying to kill two birds with one stone, on the one hand, to appease financial institutions such as the International Monetary Fund and the World Bank that are calling for the devaluation of the local currency so that Iraq becomes an attractive market for capital investment, and linking it to global capital markets, and on the other hand, the ashes are in the eyes, and it markets itself as being determined to solve the problem of unemployment by employing a few thousand unemployed, whose number is estimated at more than 12 million people, both females and males, and gives it crumbs from the sum of the currency difference that reduced its value against the dollar exchange rate, that is,it does not even give what is paid for He lived hunger and destitution, knowing that there is no increase in pensions and minimum wages.
The response to the attack of the Sudanese government and stopping it must be matched by raising three main demands and mobilizing the forces of workers, employees and the unemployed around them, namely, increasing wages, pensions and salaries in proportion to the purchasing power in the markets, raising the minimum wage in proportion to the rate of inflation and the devaluation of the Iraqi dinar, and thirdly, an unemployment guarantee for all unemployed males and females for those who have reached the age of 16 years or a suitable job opportunity.
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[/rtl]
We say that Al-Sudanese statements served to strengthen and confirm the illusions in society that the reason for the depreciation of the Iraqi local currency (the dinar) is smuggling it to Iran, and not due to the monetary policy of the Al-Sudanese government that we explain here, which is trying to disavow it and obscure it and obliterate the true essence that is hostile to the interests of the late majority. From the fans of Iraq.
Of course, it must be noted that the media hostile to Iranian influence also promoted this idea or illusion, whether in the form of articles, statements, or reports on currency smuggling operations, or as stated in the program (Nadim's words), which is shown from Monday-Thursday at eleven o'clock at night. On (Sky News Arabia), which went in the same direction, whether to strengthen the tendency hostile to Iranian influence in Iraq and the region or deliberately, to obscure the reality of the monetary policy of the Sudanese government that is identical to the financial policies of the International Monetary Fund.
Truth be told, the story of smuggling to Iran by Islamic militias and parties loyal to Iran is not confined to the limits of currency smuggling, but rather extends to organized smuggling of oil to Iran. A percentage of the money obtained from it goes to Iran. Moreover, the border points are controlled by the same parties and militias. Also, part of the customs tariff money, which is estimated at four billion dollars annually imposed on goods, goes to Iran.
That is, those militias and their parties smuggle all the capabilities of Iraqi society to Iran during all those years. In return, the leaders of the Islamic parties and militias obtain political privileges, security and diplomatic immunity from the ruling Islamic regime in Iran. American forces assassinated him two years ago from 200,000 barrels of Iraqi oil per day, and with all these thefts, looting and smuggling, they did not weaken the value of the Iraqi dinar, which was set by the Central Bank at 116,000 dinars for every 100 US dollars, in the Iraqi Central Bank's currency auction.
It is true that currency smuggling affects one way or another on the currency trading market, but it is limited and slight, and it does not leave significant effects on the overall rise in commodity prices and influence the markets as we see today in the Iraqi markets , and this also does not mean that it does not affect the economy, but it does. As a result. That is, currency smuggling is present in every country, but it varies in quantity according to the existence of the state or not, as is the case in Iraq.
Accordingly, the smuggling of dollars from Iraq to Iran is not new, since the handover of Iraq to the Islamic parties loyal to Iran and thanks to the American occupation, that is, since the formation of the first government, which is the government of Ibrahim al-Jaafari in 2005, the dollar is smuggled in an organized manner to Iran, and after that smuggling was organized through the establishment of banks and banks affiliated with militias and Islamic parties, and with this, during a decade and a half, that is , between 2005-2020, the exchange rate of 100 dollars remained equal to 120 thousand dinars in the markets, and it was scheduled that any exchange rate of the dollar against the Iraqi dinar would reach during the era of Baqir Solagh,who held the position of minister Finance in the second Maliki government to 100 thousand dinars.
In other words, currency smuggling to Iran has been and is still taking place, in full swing for years, even in light of the drop in oil prices to less than $30 a barrel in global markets during the era of al-Abadi's government, and ISIS took control of a third of Iraq's area in 2014, and an empty treasure was handed over. From funds from the Maliki government to its predecessor, the Abadi government, and the announcement of austerity policy by the latter, the exchange rate of the dollar against the dinar did not change as we are witnessing it now, as 100 dollars were sold in the currency auction to the Central Bank at a value of 116 thousand in dinars, and it reaches the market at a price of 120 thousand.
While the Sudanese government received a budget worth 115 billion dollars, which is from the revenues of oil sales for the year 2022, and with all this, we find a deterioration in the purchasing power of the Iraqi individual due to the depreciation of the local currency .
The economic program of the Sudanese government is an extension of the program of the Al-Kazemi government, and it boils down to putting the global and local economic crisis on the shoulders of workers and employees. The government is loyal to the General Federation of Trade Unions of Iraq, whose president is in prison and is from the Sadrist movement because of corruption and theft, and this indicates that the Sudanese government is proceeding through starvation, impoverishment and suppression of freedoms to pass its economic programme.
Thus, the positions of the legislative, executive and militia forces towards the devaluation of the dinar are in complete harmony. The Iraqi parliament speaker, Muhammad al-Halbousi, refused a request by fifty deputies to hold a meeting of parliament to discuss the depreciation of the local currency. Just as al-Sudanese held a meeting two weeks ago with officials of the central bank and did not address or be included in it. The agenda of the meeting is any issue about the depreciation of the local currency. In parallel, Hadi Al-Amiri made watery, not fiery statements, that he and his group must resist colonialism in its response to the depreciation of the currency, to complete the scenes of the play, which is the least described as “sly comic” , between the prominent actors, the Speaker of Parliament and the Prime Minister.
*****
The economic crisis of the global capitalist system afflicts all countries, and that Iraq did not jump from Mars in order to be far from that crisis, meaning that Iraq is part of the global capitalist system that is going through a suffocating crisis, and in addition to it, all political parties, especially the ruling Shiite political Islam, are terrified of the street Especially, it has a bitter experience with the October uprising, so it has no choice but to try to absorb the resentment of the workers, employees, toilers , and the unemployed and gaining the time factor, and especially finds itself besieged in Iraq after the popular anger invaded the Iranian cities, which are the forces of political Islam that see with their own eyes, that Anger settles on a quiet fire,Gradually turning into a revolution that uproots the mullahs' regime from its roots and throws it into the dustbin of history, and that the ruling class in Iraq is aware of this fact, as it resorts by taking advantage of the devaluation of the local currency in Front of the dollar exchange rate that it receives from oil sales, in order to achieve some surface demands that we will come onmention it.
It must be noted that the devaluation of the dinar against the exchange rate of the dollar led to a decrease in the purchasing power of pensions and salaries by up to 25%, not to mention the rise in commodity prices due to the exchange rate of the dollar, which is added to that percentage, and the rate of inflation occurring in the global capitalist market, for the erosion of pensions, salaries and wages to reach 40-50%.
Through the process of devaluing the local currency, the Sudanese government is trying to kill two birds with one stone, on the one hand, to appease financial institutions such as the International Monetary Fund and the World Bank that are calling for the devaluation of the local currency so that Iraq becomes an attractive market for capital investment, and linking it to global capital markets, and on the other hand, the ashes are in the eyes, and it markets itself as being determined to solve the problem of unemployment by employing a few thousand unemployed, whose number is estimated at more than 12 million people, both females and males, and gives it crumbs from the sum of the currency difference that reduced its value against the dollar exchange rate, that is,it does not even give what is paid for He lived hunger and destitution, knowing that there is no increase in pensions and minimum wages.
The response to the attack of the Sudanese government and stopping it must be matched by raising three main demands and mobilizing the forces of workers, employees and the unemployed around them, namely, increasing wages, pensions and salaries in proportion to the purchasing power in the markets, raising the minimum wage in proportion to the rate of inflation and the devaluation of the Iraqi dinar, and thirdly, an unemployment guarantee for all unemployed males and females for those who have reached the age of 16 years or a suitable job opportunity.
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[/rtl]
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