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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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    A report that monitors the reasons for the continued rise in dollar exchange rates in the Iraqi mark

    Rocky
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    • Post n°1

    A report that monitors the reasons for the continued rise in dollar exchange rates in the Iraqi mark Empty A report that monitors the reasons for the continued rise in dollar exchange rates in the Iraqi mark

    Post by Rocky Sat 11 Feb 2023, 5:07 am

    [size=30]A report that monitors the reasons for the continued rise in dollar exchange rates in the Iraqi market
    [ltr]2023.02.11 - 10:50[/ltr]
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    Baghdad - people  
    A press report shed light on the exchange rates of the dollar in Iraq and the persistence of the difference between the official rate and the parallel market, in light of negotiations with the American side.  
      
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    The report, published by Al-Sharq Al-Awsat newspaper, followed by “Nass” (February 11, 2023), says, “about four days after the Iraqi government’s decision to reduce the exchange rate of the US dollar against the Iraqi dinar, and two days after the discussions of the Iraqi delegation in Washington, the dollar prices did not stabilize in The Iraqi parallel markets: The price adopted by the Central Bank of Iraq for the dollar against the dinar, which is 1300 dinars for one dollar, led to a decrease in the price of the dollar to about 1450 after it had reached 1700 dinars to the dollar, which means that the difference in the parallel market remains from the official price.  
      
    The following is the text of the report:  
      
    The reason for this, according to observers, is related to the lack of clarity in the final results of the discussions that the Iraqi delegation is conducting in Washington, headed by Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein, and the Governor of the Central Bank, Ali Al-Alaq, with officials in the US administration.  
      
    Hussein and his American counterpart, Anthony Blinken, stressed during a joint press conference in Washington the importance of continuing the US-Iraqi relationship at all levels. During the conference, the Iraqi minister stressed, according to a statement issued by the Iraqi Foreign Ministry, the need to strengthen bilateral relations and joint coordination. The statement pointed out that "during the meeting, common views were exchanged on the most important issues related to bilateral relations," adding that "Hussein praised" the United States' support for Iraq, and its continuous fight against (ISIS) gangs.  
      
    He also stressed "the importance of benefiting from the experiences of the United States in various fields, especially the investment sectors, and exchanging vital cooperation in developing monetary and financial policy," pointing to "the importance of joint work with the aim of building, developing and integrating Iraq's economy in the region." He referred to "mutual support and cooperation with major American companies at various levels."  
      
    In turn, Blinken stressed "the need to strengthen bilateral relations in light of joint coordination," expressing "the United States' readiness to cooperate and achieve the desired progress in joint relations." He pointed out that "the meeting with the Iraqi delegation came at an important moment to push the vitality of the Iraqi economy and enhance the envisioned integration with the economies of the region, and focus on energy and electricity files, to make a qualitative difference in the daily life of the Iraqi people." Blinken described that "all of the foregoing is based on the economic aspect of the strategic agreement between the two countries."  
      
    Hussein had confirmed in a televised interview in Washington that "the meetings at the US Treasury Department focused on monetary policy and the banking field, and how to deal with some countries that are subject to US sanctions," referring to Iran. He added, "US officials have expressed their understanding of Iraq's problems and their support for Iraq's monetary policy," noting that the Iraqi government has "a clear plan to diversify the Iraqi economy, in addition to encouraging the private sector and building the agricultural and tourism sectors."  
      
    On the issue of gas, Hussein explained that "the meetings witnessed a discussion about the assistance of US companies and the US government to Iraq in this field," noting that "contact with the World Bank and the Monetary Fund continues."  
      
    In the same context, the spokesman for the Iraqi Foreign Ministry, Ahmed Al-Sahhaf, confirmed, in a statement yesterday (Friday), that Hussein met, and his accompanying delegation, the US Deputy Secretary of the Treasury, Wali Adimo, Assistant Secretary of the Treasury Elizabeth Rosenberg, and senior ministry officials concerned with Iraq and the Middle East, pointing to During the meeting, issues of common interest and bilateral cooperation between the two countries were discussed. The Iraqi delegation referred, according to the statement, to "the measures of the government and the central bank in developing and reforming monetary policy, and the government's priority in promoting investment and trade, diversifying energy sources, and facing current challenges at the monetary and banking levels, and what these measures reflect in terms of reforming the banking system by combating corruption and money laundering." And the importance of continuing technical meetings between specialists in this aspect.  
      
    In light of the hazy results so far of the results of the Iraqi-American talks in Washington, Ihsan al-Shammari, head of the Center for Political Thinking, believes that "the American emphasis on Iran will escalate the mission of the Iraqi delegation in Washington."  
      
    He added, "With the escalation of the opinion of hardliners towards Iran in Washington by not giving Iraq any flexibility and entering this into the circle of conflict between Republicans and Democrats, the Iraqi delegation's task in front of the US federal intransigence will be difficult in its political aspect." 
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