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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    People's eyes await Washington's visit...the government is chasing the dollar with a "resuscitator"

    rocky
    rocky
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    People's eyes await Washington's visit...the government is chasing the dollar with a "resuscitator" Empty People's eyes await Washington's visit...the government is chasing the dollar with a "resuscitator"

    Post by rocky Wed 01 Feb 2023, 2:07 pm

    [size=33]People's eyes await Washington's visit...the government is chasing the dollar with a "resuscitator"[/size]
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    Information / special.
    All popular and political attention is directed towards Washington, as an Iraqi government delegation is scheduled to conduct an expected visit to the US capital next week to discuss several files, the most prominent of which may be the dollar crisis.
    Although the rise in dollar prices is a purely economic crisis, its timing and the practices followed by the US Federal Bank indicate that there is a political purpose behind it and not measures by "coincidence".
    Washington's practices, currency smuggling operations, and merchants' methods prompted Prime Minister Muhammad Shia' al-Sudani to take urgent solutions, whether at the internal or external level, to control the crisis, knowing very well that pressure on the people's livelihood would represent the "bullet" that might end his government program early.
    And the Prime Minister, Muhammad Shia' al-Sudani, confirmed yesterday, Tuesday, that the rise in the exchange rate of the dollar was not a government decision, while he criticized the Central Bank's measures in not being ready to apply international standards in the Money transfer system, he called on citizens not to choose the dollar, and the dinar is the strongest. .
    Member of Parliament, Muhammad Karim, revealed the most prominent developments in the crisis of the rise in dollar prices in the Iraqi markets, while stressing that the exchange rate file will be among the priorities of the upcoming Sudanese visit to America.
    Karim says, in an interview with Al-Maalouma Agency, that "there is a committee within the office of the Prime Minister, Muhammad Shia'a al-Sudanese, that is working to find technical solutions to the dollar crisis," pointing out that "The committee is communicating with America to try to reach solutions capable of reaching results that control the dollar." the crisis".
    He added, "The US federal intervention is one of the reasons for the high price of the dollar in the local markets," noting that "the dollar will be among the priorities of the upcoming Sudanese visit to America."
    And the member of the House of Representatives confirms that "the current American policy is not justified and was not practiced during the era of previous governments," explaining that "the issue of the dollar is political to stop the recent Iraqi contracts and agreements."
    Karim points out that "America has standardized the Iraqi dues from the dollar in the central bank," adding, "The government's treatments began a month ago to end the repercussions of the dollar's rise."
    In addition, a member of the Board of Directors of the Central Bank of Iraq, Mazhar Muhammad Salih, linked returning the exchange rates of the dollar in the local markets and controlling the crisis to two issues, expressing his hope to achieve positive results from the upcoming visit of the Sudanese to Washington.
    In an interview with Al-Maalouma Agency, Salih mentioned that "the rise in the dollar's price against the dinar relates to foreign remittances funded for Iraq's foreign trade to private sector merchants," noting that "these remittances constitute 90% of the demand for foreign currency.”
    He points out, "The old banking methods and methods adopted in financing trade through remittance companies have become idle due to the intervention of international compliance circles more than two months ago."
    Regarding the ways that lead to the return of the prices of the role, Saleh explains that "the matter has become conditional on two issues, the first is the ability to finance trade with white documents that agree with international compliance through private banks, especially the definition of the last external beneficiary, and the second is the role of the state in supporting the market with essential commodities that have stable prices. Stressing that "the availability of these two things will lead to the stability of the market gradually."
    He added, however, by saying: "We are waiting for the results of the Washington and Baghdad meetings next week, and may they result in positive outcomes."
    From Janeh, the former member of the House of Representatives, Jassem Al-Bayati, revealed the date of the Iraqi delegation's visit to America, indicating that the dollar crisis will be the main focus of the visit.
    Al-Bayati confirms, in an interview with the information agency, that "a government delegation will travel to America on the seventh day during the month of February next," pointing out that "the delegation will be represented by the Minister of Finance, Taif Sami, the Minister of Foreign Affairs, Fouad Hussein, the director of the TBI Bank, in addition to the governor of the Central Bank.” ".
    He adds, "The visit to America will discuss the dollar crisis exclusively," stressing that "the crisis is not that easy, given that it has certain administrative and technical consequences two years ago, and the political side entered it amid certain pressures."
    The leader in Al-Maliki's coalition expects that "this visit will not solve the problem of the high dollar prices in Iraq, but it may open another way to return to using the old system to distribute cash dollars for a specific period, such as 3 or 6 months, and then return to digital platforms.
    The dollar crisis may be a double-edged sword for a government that was established no more than three months ago, as it may be "the straw that divides the camel's back," or an achievement that will be praised at length and make it a special memory for the Sudanese government, which it is currently working on through internal and external solutions. Ended/25 SAR
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