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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Washington's dollar threatens the Baghdad dinar.. America's payments are in "installments" and Iraq'

    Rocky
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    • Post n°1

    Washington's dollar threatens the Baghdad dinar.. America's payments are in "installments" and Iraq' Empty Washington's dollar threatens the Baghdad dinar.. America's payments are in "installments" and Iraq'

    Post by Rocky Sun 24 Dec 2023, 12:07 pm

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    [size=52]Washington's dollar threatens the Baghdad dinar.. America's payments are in "installments" and Iraq's economy is in "danger"[/size]
    • Today 19:53



    Information/private..
    The United States of America continues its dominance over the Iraqi economy, especially the funds stored in the Federal Bank. Despite this money returning to Iraq as a result of oil sales, Washington grants charity from time to time by sending “small” amounts of dollars to Baghdad.
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    The Central Bank of Iraq, with news that shocked some and forced others to ask many questions, announced earlier that America had agreed to send shipments of dollars to Iraq during 2024; To cover his needs for green currency.
    When you read the decision carefully, you feel that Washington is preferring Baghdad, as if it is sending money in the form of humanitarian aid or the same as it sends to the Zionist entity, or Ukraine, and this leads to asking a “deep” question, which is: “Why does Iraq still link its local currency to the US dollar?” ?
    Last week, the Central Bank of Iraq announced the agreement with the American side to meet Iraq’s requests for cash shipments (dollar) during the year 2024.
    The Parliamentary Finance Committee detailed the decision to provide America with shipments of dollars to the Iraqi government during 2024, and while it accused the Washington administration, it stressed the necessity of achieving “Iraq’s economic sovereignty.” 
    A member of the committee, Moeen Al-Kazemi, said in an interview with the “Al-Ma’louma” agency, “Iraq exports three million and 500 thousand barrels of oil daily, at a price per barrel of approximately 80-90 dollars, and these funds are deposited in the US Federal Bank, while the bank supplies Iraq Monthly with the amount of dollars he needs.”
    He points out, "This sovereignty is being violated by the American side, which is trying to dominate the Iraqi decision by exploiting the movement of the dollar in Iraqi markets."
    He adds, "The previous period witnessed a reduction in the quantities sent to Iraq for reasons claimed by the US Federal Reserve to control the movement of the dollar," noting that "there are financial transfers of what Iraqi merchants need, which amount to more than 150 million dollars daily."
    The member of the Finance Committee explains, “Organizing this process between the Central Bank of Iraq and the US Federal Reserve for the next stage in 2024 is an important and essential thing, in order to have a cash dollar with which to deal with necessary matters, currencies and bank transfers.”
    Al-Kadhimi explains, “Iraq’s need for the dollar during the next year will be covered, given that this is ultimately its money, and work must be done to achieve economic sovereignty in Iraq.”
    • [You must be registered and logged in to see this link.]Washington's dollar threatens the Baghdad dinar.. America's payments are in "installments" and Iraq's economy is in "danger"


     
    "Personal interests" 
    Iraq's economic sovereignty, for many years, has been compromised by the American side, and has been exposed to "strong" shocks, the latest of which is the exchange rate crisis that ignited the Iraqi markets. To this day, it is being remedied in order to eliminate the large gap between the official and parallel prices. So what is the reason for not getting rid of "hegemony?" America"?
    In turn, the economic expert, Diaa Al-Mohsen, identified the main reason for Iraq not getting rid of pegging its currency to the US dollar. While he considered selling Iraqi oil in dollars a “big mistake,” he raised a question regarding diversification of sales.
    Al-Mohsen mentioned, in an interview with the Maalouma Agency, that “there are some political figures who link their personal interests to the interests of the United States of America,” adding, “There is no opportunity to get rid of the dinar’s peg to the American dollar.”
    He points out, “Iraq’s oil sales so far are in dollars, and this is a mistake,” asking: “Why do we not repeat the experiences of other countries that began to diversify the sources of the currency basket?”
    The economist continues, "Iraq is still relying on the US dollar to price oil for sale, which will lead to a (clearing) process, forcing the other country importing Iraqi oil to transfer money to the US Federal Bank, which in turn transfers the currency to the country."
    Iraq's continued peg of the dinar currency to the dollar, and its reliance on the green currency in oil sales, is an economy that will remain under the American threat. The economy card at present has become one of the "most dangerous" cards that Washington uses towards countries that are hostile to it. Ended/25 Rs

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