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"On low fire." A sudden and important statement by the Prime Minister's advisor on changing the exchange of the dollar


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27 minutes ago, DoD said:

I have a suggestion for all these intelligent rock scientists in parliament, how about start using your own currency and then you won’t have to worry about an exchange rate…HELLO…..

It's too easy for them to figure out. Gotta be a Crisis.

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Hey Cougar how about increasing the dinar to tickle the bellies of the citizens instead of the government. When you increased rate of dollar in 2020 you sure made a confusion for the markets and your citizens by doing this. Now the people can hardly eat because of what the minister of finance did. Now that you are making Billions of dollars you don't want to bring it back down and saying forget the citizens we only care about the government. This is a bunch of Bull Shite.

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8 hours ago, 6ly410 said:

please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional contexts, and because of the economic repercussions taking place in the country and the collapse of the currency and its impact on the Iraqi citizen. .

 

9 hours ago, 6ly410 said:

She added that "there are attempts by members of the House of Representatives and the Ministry of Finance to return the dollar exchange rate to its old level,"

 

9 hours ago, 6ly410 said:

In turn, the Parliamentary Finance Committee denied what was recently reported about Parliament's efforts to restore the dollar exchange rate to its previous era.

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9 hours ago, 6ly410 said:

the exchange rate of the dollar to what it was before, ie 1,200 Iraqi dinars for every US dollar, is nothing but bidding and tickle to the feelings of the street.

this says rate of 1200 does nothing and they are correct no benefit during todays current financial crisis

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19 hours ago, 6ly410 said:

"We need to cook on a quiet fire and monitor prices until the end of 2022, oil prices and foreign reserves," stressing that "a change in the exchange rate is possible, but it requires patience and careful study."

So we have to wait until December 2022 while the wabbit monitor the price vewy vewy quiet? Ok. No problem. It is still 5 months to go until the end of 2022 and 5 months aren't a long wait.

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On 5/29/2022 at 2:14 PM, Floridian said:

 

Well, I'm thinking that absolutely nothing is going to happen with the Dinar until they "re-set" all the currencies with the horrible "Great Reset" and "New World Order" that they keep telling us about.  Thanks to Klaus Schwab and his ilk, and Joe Biden who has no clue what's going on and could care less anyway, this world is "going to hell in a hand basket".  I keep praying for good leadership for our country, but it ain't gonna happen til we get rid of the senile President and his liberal cohorts.  🙏

I'm starting to re-imagine the US in the New World Order as a third world country. I am quiet certain they will not be happy until the rug has completely been pulled out from under us.... and it is our own US citizens doing this to us. The rich to gain more power and the not so rich for money. A lot of people hate Biden, I hate Mark Miley. I would put money on it that he is putting illegal aliens in the US Armed forces as he knows US soldiers will not fire upon American citizens. But you give some people 3 squares, a great monthly paycheck, and clean linens on a bed ever night and they will do what you ask of them to do.  

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Jcfrag, it's not our citizens doing it to ourselves, it's the American oligarchs, their main stream media propaganda machine selling it, and their puppet Joe "da fuhrer" biden legislating it. Their intensity will increase up to the mid terms and afterwards if the Republicans do not give the Democratic National Communists the shalacking that is being predicited.

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Of course 30 - 35 % of the US population will believe whatever the US Government says. The same 35% of the people that got RINO Romney in trouble when he ran for President . Remember when he said "35% of the people in the US wouldn't vote for me anyway. " Marking the start of Wokeness in our politics. Go woke, go broke. In my opinion, its because they lack discernment. Plus lack an ability to detect RINO's in their ranks. Trump ain't on the ballot in Nov 2022, so he won't be Pres in 2022.  Wishful thinking only Screwball. In 2024, if at all. If not Trump and Desantis; Desantis and who ... do you think for the Republicans, the 140 year old plus Anti-slavery party, the Americans first party, the American Independence from the One World government  party ?

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1 minute ago, new york kevin said:

Of course 30 - 35 % of the US population will believe whatever the US Government says. The sane 35% of the people that got RINO Romney in trouble when he ran for President . Remember when he said "35% of the people in the US wouldn't vote for me anyway. " Marking the start of Wokeness in our politics. Go woke, go broke. In my opinion, its because they lack discernment. Plus lack an ability to detect RINO's in their ranks. Trump ain't on the ballot in Nov 2022, so wishful thinking only. In 2024, if at all. If not Trump and Desantis; Desantis and who ... do you think ?

Niki Haley comes to mind. There are others to be sure. Perhaps if it's Desantis would he choose someone from the Latin American side. Huge untapped resource. Hispanic community would definitely be onboard as well - the " finally we're included in the process" feeling.

Perhaps it won't make any difference at all considering how the fix was so effectively in to put Joe in the Oval Office. Betcha he still has a heck of a time finding a " corner in an Oval "

More votes than Obama...puhlease.

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Does the coordination framework do it and reduce the price of the dollar to 1200 dinars, or is its price fixed for 3 years, as stipulated by the International Monetary Fund?

65303-810x486.jpg

Baghdad - Iraq today:

In the midst of the political controversy and the digital inflation of the “Coordination Framework” bloc, after it obtained dozens of new deputies, due to the resignation of members of the Sadrist movement, the efforts of some of these deputies headed towards the possibility of adjusting the exchange rate, a step that comes within the policy quarrel between Nuri al-Maliki and Muqtada al-Sadr. who supported the 2020 amendment.

And the deputy in Parliament, Uday Awad, announced that he had collected the signatures of more than 100 deputies to reduce the dollar exchange rate, while the financial advisor to the Prime Minister, Mazhar Muhammad, spoke about the possibility of taking this step.

Muhammad said in a televised statement: “We need to cook on a quiet fire, and monitor prices until the end of 2022, oil prices and foreign reserves,” stressing that “changing the exchange rate is possible, but it requires patience and careful study.”

Specialists stress that the news that talks about the possibility of changing the exchange rate, although it is premature and is currently excluded, affects and “destroys” the local market.

In this aspect, the economist Duraid Al-Anzi said that “the exchange rate change had a wrong start, due to the absence of the requirements for this change, as the sudden rise of the dollar led to a decrease in the value of the dinar and its purchasing power, and talking about returning it to the previous price will lead to greater problems than the first, in light of the crisis.” The global economy and constant price inflation, as a result of various circumstances, the most powerful of which was the Russian-Ukrainian war.”

Al-Enezi added, “The market and the simple citizen are demanding a change in the exchange rate, and a return to its previous state, but this process of change may take many years, and whether it is an increase or decrease, it will cause the destruction of the Iraqi economy.”

Several parties warn that the repetition of changing the exchange rate within short times without studying by the concerned authorities leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency and squanders the gains made by the current exchange rate.

Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy, and managing the issue of the dollar exchange rate, in proportion to the volume of currency circulating in the market.

In turn, the researcher in economics, Dr. Abdul-Hassan Al-Shammari, said, "The Central Bank always confirms that there is no change in the exchange rate, and the government is moving in this direction as well."

Al-Shammari explained that "the local market is driven by the owners of capital, not the government, as the latter does not have clear economic visions to move the market, and the government today has a large surplus of oil imports, but its disposal is still limited."

For days, the Iraqi markets have been living on the impact of these conflicting news, especially since the political forces calling for the return of the dollar exchange rate have obtained additional seats in Parliament, allowing them to implement this.

 

 

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Then why does the IMF Pester Iraq to get the IQD Globally recognized???

Somebody in that country has got to know what they're supposed to be doing!!!

Well, on second thought perhaps they relish being in the midst of chaos & crisis so they can continue their thieving ways all the while balancing Iraq on the knife edge.

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8 minutes ago, 6ly410 said:

Does the coordination framework do it and reduce the price of the dollar to 1200 dinars, or is its price fixed for 3 years, as stipulated by the International Monetary Fund?

65303-810x486.jpg

Baghdad - Iraq today:

In the midst of the political controversy and the digital inflation of the “Coordination Framework” bloc, after it obtained dozens of new deputies, due to the resignation of members of the Sadrist movement, the efforts of some of these deputies headed towards the possibility of adjusting the exchange rate, a step that comes within the policy quarrel between Nuri al-Maliki and Muqtada al-Sadr. who supported the 2020 amendment.

And the deputy in Parliament, Uday Awad, announced that he had collected the signatures of more than 100 deputies to reduce the dollar exchange rate, while the financial advisor to the Prime Minister, Mazhar Muhammad, spoke about the possibility of taking this step.

Muhammad said in a televised statement: “We need to cook on a quiet fire, and monitor prices until the end of 2022, oil prices and foreign reserves,” stressing that “changing the exchange rate is possible, but it requires patience and careful study.”

Specialists stress that the news that talks about the possibility of changing the exchange rate, although it is premature and is currently excluded, affects and “destroys” the local market.

In this aspect, the economist Duraid Al-Anzi said that “the exchange rate change had a wrong start, due to the absence of the requirements for this change, as the sudden rise of the dollar led to a decrease in the value of the dinar and its purchasing power, and talking about returning it to the previous price will lead to greater problems than the first, in light of the crisis.” The global economy and constant price inflation, as a result of various circumstances, the most powerful of which was the Russian-Ukrainian war.”

Al-Enezi added, “The market and the simple citizen are demanding a change in the exchange rate, and a return to its previous state, but this process of change may take many years, and whether it is an increase or decrease, it will cause the destruction of the Iraqi economy.”

Several parties warn that the repetition of changing the exchange rate within short times without studying by the concerned authorities leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency and squanders the gains made by the current exchange rate.

Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy, and managing the issue of the dollar exchange rate, in proportion to the volume of currency circulating in the market.

In turn, the researcher in economics, Dr. Abdul-Hassan Al-Shammari, said, "The Central Bank always confirms that there is no change in the exchange rate, and the government is moving in this direction as well."

Al-Shammari explained that "the local market is driven by the owners of capital, not the government, as the latter does not have clear economic visions to move the market, and the government today has a large surplus of oil imports, but its disposal is still limited."

For days, the Iraqi markets have been living on the impact of these conflicting news, especially since the political forces calling for the return of the dollar exchange rate have obtained additional seats in Parliament, allowing them to implement this.

 

 

Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy and managing the issue of the dollar exchange rate in proportion to the volume of currency circulating in the market.  Looks like the IMF wants to keep the rate the same for the next 3 years.as someone said fasten your seatbelts.

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1 hour ago, edbeach said:

Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy and managing the issue of the dollar exchange rate in proportion to the volume of currency circulating in the market.  Looks like the IMF wants to keep the rate the same for the next 3 years.as someone said fasten your seatbelts.

And the people of Iraq will continue to suffer mightily...then there's the issue of IQD investors EXTREME DISAPPOINTMENT 

3 MORE YEARS TO WAIT!!! OUCH !!!!

Ain't no sense in hanging around here anymore...later peeps 

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1 hour ago, T B said:

well after all these years i hoped i could buy  mom and dad a new home , she passed away wed morning, 87 YEARS OLD ,she loved God so much, as a young boy of the sixties she always sang her songs she wrote as she worked in our old home, she was so happy,    she always told me and my 4 brothers and 3 sisters as we leave our house often ,   always be good to the good lord, and he will be good to you!  ill always LOVE AND remember mom,   GOD HAS YOU UNDER HIS ARMS AND I WILL ALWAYS HAVE YOU IN MY HEART !   pray for my dear old dad 88 years old  ,he weighs 102 pounds now , cant preach anymore, life is short and were only here for a little while, love to all !

So very sorry for your loss TB, your parents sound like wonderful people ❤️

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8 hours ago, md11fr8dawg said:

 

I have no idea how you can come to that conclusion screwball!

 

7 hours ago, Floridian said:

 

I hope you're right, but how on earth would that be possible?

We've been posting information for this happening.  Just gotta know where to look.

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1 hour ago, T B said:

well after all these years i hoped i could buy  mom and dad a new home , she passed away wed morning, 87 YEARS OLD ,she loved God so much, as a young boy of the sixties she always sang her songs she wrote as she worked in our old home, she was so happy,    she always told me and my 4 brothers and 3 sisters as we leave our house often ,   always be good to the good lord, and he will be good to you!  ill always LOVE AND remember mom,   GOD HAS YOU UNDER HIS ARMS AND I WILL ALWAYS HAVE YOU IN MY HEART !   pray for my dear old dad 88 years old  ,he weighs 102 pounds now , cant preach anymore, life is short and were only here for a little while, love to all !

So sorry to hear.  Prayers of comfort for you and your family.  

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Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy, and managing the issue of the dollar exchange rate, in proportion to the volume of currency circulating in the market.”

 

There you have it.

 

In another 3 years they will complete the White Papers

reform Project.

 

Go White Paper Reforms 

Go Economic Growth 

Go Stronger Dinar

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50 minutes ago, Shedagal said:

 

We've been posting information for this happening.  Just gotta know where to look.

 

Really?  Tell me where to look, please.  Is there a special section where it's posted?

It would be fabulous if Trump got in by midterm.  A dream come true!

 

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