Al-Sudani and a delegation from the Pentagon discuss the continuation of ending the mission of the international coalition

Al-Sudani and a delegation from the Pentagon discuss the continuation of ending the mission of the international coalitionShafaq News/ On Monday, Iraqi Prime Minister Mohammed Shia al-Sudani discussed with a delegation from the US Department of Defense (Pentagon) the procedures for proceeding with ending the mission of the international coalition to fight ISIS.

A statement by Al-Sudani’s office received by Shafaq News Agency stated that “the Prime Minister received the US Deputy Assistant Secretary of Defense for Middle Eastern Affairs, Daniel Shapiro, and his accompanying delegation, in the presence of the US Ambassador to Iraq. During the meeting, the procedures for proceeding with ending the mission of the international coalition to fight ISIS and activating bilateral relations between Iraq and the United States were discussed.”

The meeting also discussed the situation in the region and the ongoing aggression on Gaza, as Al-Sudani referred to the suffering of the Palestinian people, the difficulty of humanitarian aid and relief supplies in light of the stifling siege, and the failure of the international community to assume its responsibilities in pressuring the Netanyahu government to stop the genocide.

The Iraqi Prime Minister stressed the need for a firm stance against the aggression, and the necessity of preventing escalation that threatens to expand the scope of the conflict.

For his part, the American official pointed out the importance of Iraq’s role in reducing tensions in the region, and the inevitability of continuing the approach of communication and cooperation between the two countries in the areas of armament and security and raising the combat level of the Iraqi forces, in a way that supports Iraq’s security and sovereignty, economic development and progress at all levels.

Shafaq.com

Economist explains the reasons for the rise in the dollar price again

Today, Sunday, economic expert Nabil Jabbar Al-Ali commented on the return of the rise in the dollar exchange rate against the dinar in local markets in Baghdad and the governorates.

Al-Ali told Al-Maalouma Agency, “The rise in the dollar exchange rate since the beginning of this week is related to the strength of supply and demand for the dollar.”

He added, “The rise in the dollar exchange rate and its reaching the threshold of one hundred and fifty thousand is related to the volume of sales provided by the Central Bank through the foreign currency sales window.”

He explained that “the more the Central Bank of Iraq’s dollar sales increase, the more it will contribute to a decrease in exchange rates in local markets.”

The exchange rate of the dollar against the dinar has recorded a significant increase over the past three days in the stock exchange and exchange shops in the capital, Baghdad, and the governorates.

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

Almaalomah.me

Iran, Russia sign agreement to provide national currencies

Russia and Iran signed the first agreement to provide national currencies in commercial transactions between them and to complete the process of linking the “Mir” payment system to the Iranian “Shtab” system network to be ready for implementation in a few weeks.

The Governor of the Central Bank of Iran, Mohammad Reza Farzin, said that “the infrastructure for the agreed-upon transactions in foreign Iranian rials has been completed at the currency exchange center.”

Farzin indicated that “in a future meeting with the Governor of the Russian Central Bank, Elvira Nabiullina, all requirements for linking the payment network via the Russian “Mir” card to the Iranian “Shtab” payment system will be completed, and the first phase of this project will be implemented so that the integrated network will be available for use by Iranian citizens by the end of next August.”

Almaalomah.me

Despite the rise in the dollar, Saleh: The parallel market today is not important

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the stability of the dollar exchange rate against the dinar, despite its significant rise today, reaching 1,500 dinars.

Saleh told Al Furat News Agency, “The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued.” He added, “In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1320 dinars per dollar.”

He pointed out that “it is a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent, as annual inflation in our country does not exceed 3%.”

Saleh continued, “Based on the above, and in light of the strength of the foreign reserves supporting the Iraqi dinar, the value of which as liquid foreign assets exceeds $100 billion, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that affects the parallel exchange market in short periods due to urgent international or regional political events here and there or in adapting some instructions regulating the monetary market. Stressing that after the decline of the dollarization phenomenon in internal transactions, especially in contracts, obligations and payments within the country since last year and its legal prohibition.”
He stressed that “the parallel exchange market has become such that its general effects today only form a narrow economic scope of prohibited transactions practiced by informal markets and at a rate of 10% of the total supply and demand transactions for the currency.”

He stressed that “the stability of the exchange rate of the dinar to the dollar that the country is witnessing even in the secondary markets above is a real and solid stability, and is derived from the strength of the impact of the price and quantity factors of the monetary and financial policies and their integration in imposing overall price stability in the country and containing inflationary expectations that were caused by the parallel exchange market forces during the past years.”

He noted that “the irregular secondary market, due to the freedom of external transfer, is affected by the official exchange market rate, whose operations are constantly expanding in favor of dealing with the fixed official exchange rate.”

Alforatnews.iq

What prompted Barzani to visit Baghdad?

Information /Report… The most important question remains about why the President of the Kurdistan Democratic Party, Masoud Barzani, came to Baghdad at this particular time, and met with all the Iraqi leaders in record time, before attending the state administration meeting with the Iraqi leaders, including his rival, the President of the Kurdistan Democratic Party, Pavel Talabani.

Not only that, but Barzani’s arrival in Baghdad coincided with a feverish movement to raise all the pending fateful files, such as the oil and gas laws and the Federal Court, as well as the solution to the formation of the Diyala and Kirkuk governments, as well as raising sensitive issues regarding the problems between the Baghdad and Erbil governments.

The matter went beyond this, which is an attempt to solve the problems within the Sunni house, most notably the crisis of the presidency of the House of Representatives.

An informed source reported that an important meeting including all the leaders of the Sunni political forces is being held in the office of the head of the Sovereignty Alliance, Khamis Al-Khanjar, in Baghdad, with the participation of Masoud Barzani, who arrived in the federal capital yesterday.

The source explained that the meeting aims to reach solutions to resolve the crisis of electing the Speaker of the Iraqi Parliament, and to come up with an agreement that supports the nomination of one person representing all Sunni parties for this position, indicating that the meeting was held in the presence of all leaders of the Sunni political parties and the participation of Kurdish leader Masoud Barzani, in addition to the dismissed Speaker of Parliament and leader of the Progress Party, Mohammed al-Halbousi.

The source said that the meeting comes within the framework of intensive efforts to unify ranks and overcome internal differences between Sunni forces, in order to ensure the election of the next Speaker of Parliament by consensus and in a manner that serves the national interest.

He added that the meeting seeks to reach a final agreement on a single candidate who has the support of all Sunni parties, which enhances his chances of being elected in the upcoming sessions of the House of Representatives.

The Sunni political house is witnessing fierce competition to succeed Mohammed al-Halbousi, whose membership in the House of Representatives was revoked by a court ruling, while his party, Taqaddam, insists on retaining the position, considering that it has the parliamentary majority within the Sunni component.

With all this movement…the real valid reason that prompted Barzani to visit Baghdad so quickly, and at this time, has not been presented.

Informed sources indicated that Barzani’s visit to Baghdad was due to his sense of the great danger that threatened him as a result of the Turkish invasion of Dohuk Governorate, and his attempt to seek help from Baghdad in order to find a solution to this invasion.

The sources told Al-Maalouma, “Barzani felt the great danger, and felt that his dreams began to collapse with this invasion and the loss of all the structures he had built at the expense of Baghdad, which is still demanding billions of dollars from him as a result of his theft of Iraqi oil, as well as his theft of border crossing revenues.”

The leader of the Patriotic Union of Kurdistan, Ghiath Al-Surji, confirmed that the Turkish occupation forces continue to displace the residents of a number of villages in Dohuk Governorate, northern Iraq.

Al-Surji told Al-Maalouma Agency, “The Turkish occupation army asked the residents of a number of villages in the Amadiya district in the center of Dohuk Governorate to leave them.”

He added, “The Turkish occupation forces continue to strengthen their field presence through the arrival of military convoys, in light of the presence of many bases affiliated with them in different areas of the Kurdistan Region.”

Al-Surji pointed out that “Turkey continues its aerial bombardment of villages in northern Iraq, which has caused the displacement of the people of those areas and their emptiness of their inhabitants.”

The Turkish intervention in Iraq raises many questions and concerns, in light of the establishment of large military bases in various areas in northern Iraq, amid the silence of the governments of Baghdad and the Kurdistan Region.

Türkiye has been establishing military bases in northern Iraq for years, and refuses to withdraw from them under the pretext of fighting the Kurdistan Workers’ Party.

The leader of the Patriotic Union of Kurdistan, Ahmed Al-Harki, also called for exploiting the presence of Kurdish leaders in Baghdad to resolve many thorny issues, including the formation of the Kirkuk and Diyala governments, settling the position of the Speaker of the Council of Representatives, and the oil and gas laws and the Federal Court.

Al-Harki told Al-Maalouma Agency, “The presence of Kurdish, Sunni, and Shiite political leaderships and other components in Baghdad is happening for the first time, which increases the chances of hope for resolving the political differences and crises that plague the political process.”

He added, “The state administration meeting, attended by the first-tier leaders in the political process, must include the most prominent political disputes and crises, most notably resolving the problem of forming the Kirkuk and Diyala governments, as well as the position of the Speaker of the Council of Representatives, in addition to reaching an agreement to resolve the disputes over the oil and gas law.”

The Treaty of Lausanne ended last year after 100 years, which was the agreement through which the collapse of the Ottoman Turkish state and the establishment of the Turkish Republic were agreed upon.

After the end of this agreement, Türkiye announced its ambition to annex a number of neighboring regions, including regions in the Kurdistan Region.

This naturally makes Masoud Barzani terrified that all his hopes will be lost and that the Kurdistan Region will become an arena for conflict between Turkey and its rivals.
Accordingly, Barzani has no choice but to resort to Baghdad and seek help from the political forces he used to oppose in the past to save him from this predicament.
But this will not happen if Masoud Barzani makes concessions to Baghdad, especially the Shiites, who are the party that has proven to everyone that they are keen on the unity of Iraq, its land and people.

Almaalomah.me

The most prominent of which is the decision of the Central Bank… Three reasons behind the rise of the dollar against the Iraqi dinar

Shafaq News / Financial expert and former director of the Central Bank, Mahmoud Dagher, revealed on Thursday three reasons that led to the recent rise of the dollar against the Iraqi dinar.

Dagher told Shafaq News Agency, “There are several reasons behind the rise of the dollar against the dinar, but the most important is the decision of the Central Bank of Iraq to sell cash dollars to travelers inside the airport.”

He pointed out that “the second reason is the suspension of foreign currency transfers via the dollar, which are scheduled to resume, especially to China, but with strictness and follow-up by an international auditing company and with senders and banks that conduct transfers that are different from before.”

The financial expert continued by saying that the third reason is, “As long as there is insistence on trade with Iran and Syria – two countries that do not have a banking system with the world – then obtaining dollars has become more difficult for them.”

This week, the dollar rose against the Iraqi dinar, with the 100 US dollar denomination reaching nearly 150,000 dinars.

Last Monday, the Central Bank of Iraq issued new instructions regarding granting US dollars to travelers, indicating that these instructions will come into effect starting from July 14.

According to the bank’s statement, which was addressed to Rafidain, Rashid, and Iraqi Trade Banks, exchange companies currently operating at airports, and exchange companies of category A and B, “in order to ensure that travelers receive cash dollars and to prevent exchange companies from passing improper transactions, it was decided to set 7/14/2024 as the final date for starting the mechanism of granting dollars to travelers at airports exclusively.”

According to the Central Bank, the aforementioned banks and exchange companies operating at the airport are entitled to a fixed commission of (15,000) dinars from the customer for each transaction, and the exchange companies outside the airport collect it for the benefit of the companies and banks operating at the airport, according to a mechanism determined between the two parties, the banks and companies operating at the airport and the exchange companies outside the airport.

Shafaq.com

The Central Bank of Iraq issues new instructions regarding granting dollars to travelers at airports

Shafaq News / The Central Bank of Iraq revealed, on Thursday, the new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through companies and banks’ outlets at international airports, stressing that the goal of the new mechanism, which will come into effect on July 14, is to deliver the dollar to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to the dollar faster.

The Central Bank reviewed the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies spread across all cities to deliver the amount in dinars equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq. The company will work to enter the traveling citizen’s data and upload his name to the electronic platform of the Central Bank of Iraq and deliver him a receipt confirming his deposit of the dinar, to receive the cash dollar inside the airport exclusively.

The bank explained in a statement issued today that upon completion of departure procedures, the amount will be delivered to him in dollars through the outlets available at the airport, 24 hours a day, 7 days a week.

The statement indicated that the Central Bank decided to allow exchange companies to receive more than one share during the week in order to achieve full response to travelers’ requests.

Meanwhile, the Central Bank of Iraq directed exchange companies to proceed with the instructions to launch the new mechanism for delivering dollars at airports.

This came in a letter addressed by the bank’s management in an official letter issued on the fourth of July and signed by the Director of Supervision of Non-Banking Financial Institutions, Rafeef Mu’ayyad Bashir, to four exchange companies that provide dollars to travelers at Iraqi airports.

Last Monday, the Central Bank of Iraq issued new instructions regarding granting US dollars to travelers, indicating that these instructions will come into effect starting from July 14.

According to the bank’s statement, which was addressed to Rafidain, Rashid, and Iraqi Trade Banks, exchange companies currently operating at airports, and exchange companies of category A and B, “in order to ensure that travelers receive cash dollars and to prevent exchange companies from passing improper transactions, it was decided to set 7/14/2024 as the final date for starting the mechanism of granting dollars to travelers at airports exclusively.”

According to the Central Bank, the aforementioned banks and exchange companies operating at the airport are entitled to a fixed commission of (15,000) dinars from the customer for each transaction, and the exchange companies outside the airport collect it for the benefit of the companies and banks operating at the airport, according to a mechanism determined between the two parties, the banks and companies operating at the airport and the exchange companies outside the airport.

Shafaq.com

Iraqi Dinar / US Dollar auction results for today 7-03-2024

Results of the foreign currency selling window for Wednesday 7/03/2024

Advertisement No. (5154)

The amount:

Total amounts of transfers abroad (transfers, credits)
260,135,797

Total cash withdrawals
14,775,300

Total total sales
274,911,097

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

Central Bank urges reporting of corruption cases

The Central Bank of Iraq encourages witnesses, experts and whistleblowers to report corruption cases, in accordance with Article (9/Second) of the Law on the Protection of Witnesses, Experts, Informants and Victims No. (58) of 2017 regarding rewarding informants on corruption cases.

This bank indicates that the informant is rewarded for reporting corruption cases if it leads to their disclosure, within the basis of the reward and its amount in a system issued by the Council of Ministers.

Central Bank of Iraq
Media Office
3 – July – 2024

cbi.iq/news/view/2610

Allawi warns against “exploding the situation” and makes a political call

The head of the National Coalition, Iyad Allawi, warned today, Wednesday, of the explosion of the situation in the country as a result of internal disputes, while he called on the political forces to hold a dialogue to discuss amending the course of the political process.

Allawi said in a statement received by Sumaria News, “Iraq and its honorable people have suffered throughout the past period since the days of the defunct regime and still until now from many crises and extremely complex challenges. After the fall of this dictatorial regime, we sought with the national opposition forces to build a democratic Iraq and achieve a state of citizenship, but unfortunately the political process was built on false foundations and depended on quotas, sectarianism, marginalization, exclusion and politicized uprooting. Corruption spread in all joints of the state, loose weapons spread, and security and stability disappeared until Iraq became a theater for regional and international conflicts. In addition to that, the intensity of differences and divisions increased. After it was Shiite –Sunni and Arab-Kurdish, the atmosphere became complicated within the Shiite house, the Sunni house, the Kurdish house, and even the Christian and Turkmen house.”

He added, “The continuation of the situation as it is with the continuation of internal disputes is a cause for concern and a great danger that may lead to the explosion of the situation at any moment and to the division of Iraq. Therefore, from a national standpoint and for fear of the situation slipping into what is worse, I call on the national political forces in the country to hold a national dialogue conference in which all political forces, unions, federations, tribal sheikhs in general and representatives of the people’s forces participate, to discuss basic issues, the most important of which are amending the course of the political process, achieving true national reconciliation, abolishing quotas, adopting the principle of true citizenship based on the foundations of justice, equality and the rule of law, and amending some constitutional paragraphs. With this logic, we guarantee a solution to all issues and problems.”

He considered that “a conference like this will be a real beginning to achieve the desired political reform and constitutes a launch pad for building a strong, prosperous Iraq in which everyone enjoys security, stability and prosperity.”

He added: “I am also certain that if this matter is achieved, it will restore Iraq’s international status, through which it will be a key player in spreading security and stability in our region, which is also suffering from serious crises and challenges. It will be the basic nucleus for launching a regional security and peace conference similar to the Sharm El-Sheikh conference, where we took the initiative to hold this conference when I was Prime Minister, which was attended by neighboring countries and Islamic and Arab countries. Such a conference, by virtue of Iraq’s geographical location linking the Arab depth on the one hand and the Islamic depth on the other hand, will certainly work to stop the destruction and reduce the intensity of the conflicts and tensions that most countries in the region suffer from.”

Alsumaria.tv