Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content


  • Content Count

  • Joined

  • Last visited

  • Days Won


Carrello last won the day on June 30 2012

Carrello had the most liked content!

Community Reputation

6,043 Excellent


About Carrello

  • Rank
    Carrello the KamelKeeper

Profile Information

  • Gender

Recent Profile Visitors

36,721 profile views
  1. Yota!!! Document .. The central bank issues new instructions to withdraw the dollar and comments on the printing of the currency Economy of the Central Bank of Iraq, the dollar printed currency 03/29/2020 Shafaq News / The Iraqi Central Bank issued on Sunday a set of decisions regarding the withdrawal of the US dollar. Among the most prominent decisions is that the withdrawal of the dollar to the customer (if it is the case) by 75% dollars and 25% dinars and is calculated on the price of 1,200 dollars per dollar. Likewise, the withdrawal of the dollar to the customer if the deposit is 100% dollars without any change. On the same level, an authorized source in the Central Bank of Iraq stated about what some people are talking about to some officials about the possibility of printing an Iraqi currency to avoid economic problems and so on, including the following: 1- The printing of Iraqi banknotes is a routine, technical procedure practiced by the central bank in accordance with the requirements of cash circulation, and printing of banknotes is a completely separate process from the cash issuance process. 2- No party can withdraw banknotes from the central bank unless there are funds in their accounts that cover the amount to be withdrawn. Therefore, to say the dinar does not mean any meaning other than strengthening the treasures of the Central Bank in accordance with the monetary policy, and not for any other purpose or purpose .. The Central Bank Law and Monetary Policy do not allow the issuance of cash in favor of an account without balance. 3- When the Ministry of Finance wishes to finance spending on the various spending units and salaries, it requests the Central Bank to strengthen its account in Iraqi dinars in exchange for withdrawing from its account in dollars. No amount is deposited into the finance account in dinars unless offset by a withdrawal from its dollar account. 4- The Central Bank Law does not allow him to lend to the government, whether by printing the currency or any other way, direct or indirect, and he is entitled to deduct the treasury transfers, if they are present in the secondary trading market, as it is one of the tools of monetary policy, if he deems it based on Accurate, objective data serving monetary policy objectives.
  2. “Seven Shia” disintegrates before the completion of its interest .. Ammar Al-Hakim: This is our separation Politics of Ammar al-Hakim, the Prime Minister's Committee of Seven 03/16/2020 05:03:33 Shafaq News / The head of the al-Hikma movement, Ammar al-Hakim, announced on Monday that he will withdraw from the task of choosing the head of the new government, shortly after the alliance of Sadrists close to the leader of the Sadrist movement, Muqtada al-Sadr, announced the failure of the Shiite "Seven Committee" in charge of this matter. Al-Hakim said in a statement received by Shafak News, that "because of our refusal to remain in the equation of delay and our reservations on political accounts that do not take into consideration the supreme interest of Iraq and the Iraqis, and do not take into account the current circumstances that the country is going through, we decided not to interfere in the task of choosing the names of candidates for the position of president Ministers for the transitional period anymore. " He added that "entering the national wisdom stream was to find a way out for the political closure and disrupting the interests of people only," demanding that "the task of the next candidate be confined to the framework of restoring the state's prestige and preparing for early elections during this year." The head of the alliance are moving and his representative in the "Committee of Seven" Nabil Terminal said earlier on Monday, said that the Committee of Seven did not reach an agreement on the choice of a candidate for the mandate to form a government , rather than the current outgoing government ", calling on the President to exercise the constitutional mandate of his powers. And ending the night on Monday , the second constitutional deadline to choose a candidate for prime minister in Iraq. the main leaders Shiite formed last week 's committee heptagons includes all the Shiite parliamentary blocs represented in parliament, to discuss the progress of more than 31 candidates for the post, to be agreed on a single candidate Insatiable, submitted to the President of the Republic , Barham Salih , for the purpose of the assignment. And revealed a source in the Seven Committee, which includes Shiite political forces, on Sunday, the existence of an agreement within the committee to nominate a close associate of Nuri al-Maliki, leader of the State of Law coalition Naim al-Suhail as prime minister. He added, "If the committee does not reach a final agreement to nominate Al-Suhail and present it officially to the President of the Republic, Barham Salih, then the Seven Committee will present the head of the intelligence service, Mustafa Al-Kazemi, to fill the position."
  3. Sheikh Ali to the President of the Republic: The Shiites failed twice and it became necessary to take the opinion of the demonstrators 16-03-2020 03:10 PM Baghdad - news Today, Monday, member of the House of Representatives, Faik Sheikh Ali, sent a message to the President of the Republic, Barham Salih, while confirming that the Shiite blocs failed twice by choosing a prime minister and it was necessary to take the opinion of the demonstrators. Sheikh Ali said in a tweet addressed to the President of the Republic, on his personal Twitter page, followed by "Al-Akhbariya", that "the Shiites failed twice to agree on a candidate," stressing that they "failed once with Muhammad Allawi, and another with the seven-member committee that was dissolved." He added, "You have become a solution to your command, and this time you only need to take the opinion of the demonstrators only," noting that "whoever objected to the Shiites of the rule delivered by my experiences Allawi and the Seven Committee!" Today, Ali al-Tamimi, the legal expert, confirmed that after the failure of the Seven Committee, constitutionally, President Barham Salih received the prime minister with his full powers. فائق الشيخ علي/كلمتي للتاريخ @faigalsheakh 6:58 AM - Mar 16, 2020
  4. Legal expert: After the failure of the Seven Committee .. Constitutionally Saleh takes over the Prime Minister with his full powers Baghdad / news On Monday, the legal expert, Ali Al-Tamimi, confirmed that after the failure of the Seven Committee, constitutionally, the President of the Republic, Barham Salih, assumed the prime minister with his full powers. Al-Tamimi said in a statement received by "Al-Akhbariya" that "in case the Seven Committee fails and the 15-day period granted to the President of the Republic passes ... I see that the topic of the largest bloc that obligated the candidate in paragraphs first, third and fifth of Article 76 of the Constitution has ended, and that the transition will be to Article 81 first and second, the transfer of powers to the President of the Republic, and he who will replace the Prime Minister with full powers and the end of the role of Abdul-Mahdi and those with him, who has to hand over the administration of the country to the President of the Republic. ” He added, “According to the second paragraph of Article 81, the President of the Republic may appoint a candidate far from the largest bloc or parties, meaning he is free, unrestricted and not obligated to choose, stating that“ if Parliament does not vote for him on whom he chooses, then any President of the Republic can dissolve Parliament and call elections It is early, according to Article 64 of the Constitution, because it brought together the two positions, that is, the President and the ministers with us ... and then it will be a milestone ... that will solve the problems of the whole country. " He continued, "In the event of disagreement on this, the President of the Republic can resort to the Federal Court to find a solution to the crisis in accordance with Article 93 F2 of the Constitution."
  5. We manipulated Iraq's currency value to remove value away from the currency. As I recall, the value was over $3.00 when we and the UN de-valued it.
  6. It's not "Iraqis" in general that can't swim, and they are not ignorant people. Quite the opposite. It's the greedy, corrupt, and lawless Iraqis and Iranians that are drowning the Iraqi people.
  7. "...start precautionary measures on the Iraqi and foreign currency ...
  8. Sterilization A method by which a central bank may affect the value of the domestic currency relative to a foreign currency. To weaken the domestic currency, sterilization involves selling the domestic currency on the forex market and buying the foreign currency. This increases the supply of the domestic currency, while reducing the supply of the foreign. To strengthen the domestic currency, sterilization involves the opposite. A central bank usually conducts sterilization to counteract adverse changes to the domestic currency in foreign exchange markets.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.