Former MP reveals “the hidden”…these are the restrictions of the US Federal

Reserve Former member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, revealed on Wednesday the restrictions imposed by the US Federal Reserve on the Central Bank of Iraq.

Al-Saadawi said in an interview with / Al-Maalouma /, “The US Federal Reserve is imposing restrictions on the Central Bank of Iraq in response to the demand to withdraw US forces from the country.”

He added that “America is adopting a specific approach in Iraq, which is to give more space for foreign banks to operate at the expense of Iraqi banks.”
He pointed to “the need to review the activities of foreign banks in the country and seek to address corruption in local banks and expose fictitious exchange windows that operate in money laundering.”

It is noteworthy that the dollar exchange rates in the Iraqi markets have witnessed a state of instability in the past few days in terms of rising and then falling again.

Almaalomah.me

State of Law: Washington’s concern for Iraq’s security is a lie

Member of the State of Law Coalition Ahmed Al-Sudani described, on Wednesday, the keenness of the American combat forces on Iraq’s security as a lie.

Al-Sudani said in a statement to /Al-Maalouma/ Agency, that “we reject any long-term presence of American forces in Iraq,” indicating that “the presence of these combat forces violates the parliament’s decision to expel them.”

He added that “foreign forces cannot continue to be present inside Iraq, especially since the previous parliament had its say and voted to expel them,” explaining that “there is a popular and political rejection of the presence of any foreign forces on Iraqi territory, most notably the American military presence.”

He added that “Washington’s talk about its keenness on Iraq’s security is a big lie and its efforts were aimed at keeping the country weak and within the range of crises, most of which are of its own making,” noting that “the expulsion of American forces is an important option that cannot be reversed.”

Most Iraqi political forces issued their support for the prime minister regarding the steps to expel American forces from Iraq after a series of attacks against Iraqi security forces.

Almaalomah.me

The Coordination Framework reminds the Sunnis of the number 180 and warns them of the deadline

The Coordination Framework, which brings together the Shiite political forces, confirmed on Wednesday its ability to pass the candidate for the presidency of the parliament – according to the majority it has in the House of Representatives – in the event that the Sunni political forces do not agree among themselves.

The representative of the framework, Ali Al-Bandawi, told Shafaq News Agency, “The deadline of the Coordination Framework for Sunni political forces is approaching its end, and the House of Representatives has been without a speaker for nearly nine months until now. The Coordination Framework can pass any candidate for the presidency of the parliament according to the majority it has in the House of Representatives, but currently it does not want to pass any candidate who is not agreed upon within the Sunni political house.”

Al-Bandawi added, “The Coordination Framework informed the Sunni political forces of the necessity of choosing a figure in order to vote on him, and gave a deadline until the beginning of the legislative session (July 20). If the disagreement between the Sunni political forces continues, the Framework will proceed with holding a session to elect the Speaker of Parliament, as the Framework forces are determined to resolve this issue soon, without any postponement.”

The Coordination Framework set July 20 as the date to decide on the appointment of a new speaker of the Iraqi parliament, stressing that after this date, the matter will be left to the members of the House of Representatives to choose for themselves who they see as suitable for this position .

Since the Federal Supreme Court (the highest judicial authority in Iraq) decided in November 2023 to terminate the membership of former Parliament Speaker Mohammed al-Halbousi, the political parties and forces have not been able to name a new Parliament Speaker due to the differences between them.

Shafaq.com

Asaib Ahl al-Haq on targeting Ain al-Assad: The truce is over and we will not fear the Americans

The Asa’ib Ahl al-Haq movement, led by Qais Khazali, commented on Wednesday on the return of targeting American forces in Iraq, after the bombing of Ain al-Assad base yesterday, Tuesday, with two drones.

The leader of the movement, Ali Al-Fatlawi, told Shafaq News Agency, “The Iraqi resistance factions gave a period of four months to stop their operations against the Americans in Iraq, in order to give the green light to the Iraqi government to negotiate with the American administration to withdraw its occupying forces, but the occupation is stalling and delaying its exit according to the Iraqi governmental, parliamentary and popular demands, so every action has a reaction, in addition to the continued American support for the Zionist entity in its war against Gaza.”

Al-Fatlawi added, “The military operations against the American presence have returned, and this means the resumption of attacks against this occupation. Therefore, any response from the Americans to the operations of the Iraqi resistance factions means that there will be an escalation in operations against American targets and interests in Iraq, and there is no fear of any American response.”

A security source told Shafaq News Agency yesterday, Tuesday, that “two drones targeted the vicinity of Ain al-Assad base in Anbar Governorate, western Iraq,” without providing further details or whether there were human casualties or material losses.

In early February, attacks by armed groups on US forces in Syria and Iraq stopped after a drone attack killed three US soldiers in Jordan, and in response the US carried out airstrikes on sites in Iraq and Syria.

Shafaq.com

Iraqi Dinar / US Dollar auction results for today 7-016-2024

Results of the foreign currency selling window for Tuesday 07/16/2024

Advertisement No. (5162)

The amount:

Total amounts of transfers abroad (transfers, credits)
255,546,834

Total cash withdrawals
12,550,000

Total total sales
268,096,834

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

cbi.iq/currency_auction

Third round of negotiations for Iraq’s accession to the World Trade Organization

Minister of Trade Athir Dawood Salman arrived today, Tuesday, in the city of Geneva, Switzerland, at the head of the Iraqi team negotiating Iraq’s accession to the World Trade Organization to attend the third meeting of the working group on Iraq’s accession, 16 years after the second meeting was held.

The statement of the Ministry’s media office, a copy of which was received by {Euphrates News}, indicated that “Iraq is proceeding, through the national committee concerned with its accession to the World Organization, which is headed by the Minister of Trade, to complete its procedures to accomplish the required files and support reforms and legislation to be in line with the market system and enhance the country’s economic capabilities to complete the requirements of the next stage of the accession process.”

The statement noted that “the preparatory meetings of the Iraqi negotiating team are continuing at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working group on Iraq’s accession, which will be held this week.”

Alforatnews.iq

Through the dollar and the yuan… the US Treasury continues to impose its guardianship over the Iraqi economy

The Parliamentary Finance Committee had previously threatened to demand that the Central Bank address the issue of the exchange rate and the fluidity of foreign trade by using the currency basket diversification system, so that the Central Bank and Iraqi traders have more options.

A currency basket system is a monetary system used by the central banks of countries to determine the exchange rate of their local currencies. The system is based on a group of currencies chosen by the central bank of each country. The basket consists of a group of the most powerful banknotes that influence the global economy.

In an “unsuccessful” move, as described by economic experts, the Central Bank of Iraq stopped dealing in the Chinese yuan after the US Federal Reserve accused Iraq of “inflating remittances.” While economic experts warned of the effects of this decision on the local market and its causing of a rise in the exchange rate of the US dollar and an increase in inflation rates, which has negative repercussions on the economic situation of the Iraqi family, they presented 3 solutions to the Central Bank of Iraq to continue the flow of remittances to China.

In the latest Iraqi government move to stop dealing in the Chinese yuan, informed sources revealed to Shafaq News Agency, yesterday, Saturday, that the Governor of the Central Bank of Iraq, Ali Al-Alaq, is making an unannounced visit to the United States of America to discuss with officials in Washington the decision of the US Federal Reserve to stop Baghdad from dealing in the Chinese yuan.

The Central Bank of Iraq had previously strengthened its assets denominated in yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about 12 billion dollars annually. However, the policy of the US Federal Reserve is still putting a stick in the wheel of the liberation of the Iraqi dinar and achieving gains at the expense of the dollar exchange rate. Therefore, when the US Federal Reserve saw the use of the Chinese yuan in foreign transfers, it quickly issued a decision to stop transfers under the pretext of suspicions in some transfers in Chinese yuan.

Member of the Parliamentary Finance Committee, MP Moeen Al-Kadhimi, described the US Federal Reserve’s decision to stop transfers in Chinese yuan as “arbitrary” against the Iraqi economy.

Al-Kadhimi said in a statement to Al-Maalouma Agency, “The decision to stop transfers in the Chinese yuan was issued by the US Federal Reserve, claiming that there were suspicions about some transfers in the Chinese yuan.”

He pointed out that “the Central Bank of Iraq has contracted with an international company to evaluate and monitor transfers, and this company is a source of acceptance and trust for the US Federal Reserve.”

He pointed out that “after a short period, the Central Bank of Iraq will resume transferring remittances in Chinese yuan to Iraqi traders in general,” indicating that “these measures of the US Federal Reserve are considered arbitrary against Iraq and its national economy.”

For his part, commenting on this decision, economic expert, Diaa Al-Mohsen, confirmed that “the suspension of dealing in the Chinese yuan by the Central Bank of Iraq is an unsuccessful step if we take into consideration that trade dealings with China exceed 65 billion dollars.”

Al-Mohsen said in a statement to Al-Maalouma Agency, “This decision will have a negative impact on the local market, and the demand for the dollar will increase, which means an increase in the exchange rate of the US dollar in the local market, which will increase inflation rates, which will have negative effects on the economic situation of the Iraqi family.”

The Central Bank of Iraq stopped dealing in the Chinese yuan after the US Federal Reserve accused Iraq of “inflating remittances.”

During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on private banks and preventing the dollar under many pretexts, which in one way or another led to a severe financial crisis in local markets.

It is noteworthy that the Central Bank of Iraq also moved to strengthen its assets in the UAE dirham and negotiated to increase its assets denominated in euros to finance trade with the European Union. Iraq also began opening bank accounts in Indian rupees for a number of Iraqi banks.

Almaalomah.me

Parliamentary Economy: Warns of Continued Uncontrollable Dollar Exchange

Deputy Chairman of the Parliamentary Economic Committee, Yasser Al-Husseini, warned today, Tuesday, of the continued chaos in the dollar price on the black market, while stressing that the primary beneficiary of the dollar’s ​​rise is a group of banks and companies affiliated with political parties.

Al-Hussaini said in an interview with Al-Maalouma Agency, “There is a gap between the official dollar price and the black market,” indicating that “if the dollar exchange rate continues to rise without real measures, the price will exceed 150 thousand.”

He added that “the rise continues due to the ill-considered decisions of the government and the Central Bank,” stressing “the need for urgent and rapid intervention by the government to control and stabilize the exchange rate and monitor the effects witnessed by the markets.”

Stressing that the stability of the exchange rate contributes directly to the stability of the prices of goods and commodities, which are constantly affected by movements.

Almaalomah.me

Al-Sakini: The government is unable to expel the Americans from Iraq

Ibrahim Al-Sakini, a member of the State of Law Coalition, accused the Iraqi government of being unable to expel the Americans from the country, while he confirmed that America has stated many times that it will not leave Iraq.

Al-Sakini said in a statement to Al-Maalouma Agency, “America does not have principles or a sense of humanity, and the Iraqi people must rise up to expel the American forces, since the government cannot expel them,” noting that “if the government had an intention in this file, then let it do so and the people will be with it, rather than keep waiting for false negotiations.”

He added, “America’s tricks and continuous deceptions do not justify the government’s work on this file, and Al-Sudani must resolve the matter as quickly as possible,” noting that “the government’s failure in this file is clear, as it does not seek the people’s help to support it, nor does it coordinate with the resistance.”

It is worth noting that America seeks to keep its forces in Iraq, as is the case with their forces in Japan, and to seek to conclude an agreement with Baghdad similar to Washington’s agreement with Tokyo, so that these forces are not treated according to Iraqi laws, and these actions represent a violation of Iraq and its sovereignty.”

Almaalomah.me

Popular movement: The government is still unable to confront the dollar crisis

The head of the Popular Movement’s regulatory body, Hussein Ali Al-Karawi, confirmed today, Tuesday, that the government’s submission to American dictates made it unable to confront the dollar crisis.

Al-Karawi said in an interview with Al-Maalouma Agency, “The rise in the dollar exchange rate in local markets has become worrying,” indicating that “this rise will have dire consequences for the Iraqi street.”

He added, “Ending the dollar crisis lies in the global currency basket and adopting a barter system in exchange for a percentage of oil exports, as is the case with the Chinese agreement signed by Abdul Mahdi’s government.”

He pointed out that “the government is unable to confront the dollar crisis in the black market,” stressing that “the Central Bank of Iraq failed to manage the exchange rate and control the continuous rise of the dollar against the Iraqi dinar.”

Almaalomah.me