Political Conflict Dampens Any Hopes Of Saving The Iraq Economy.

[Luigi1]

Luigi found this disturbing article of Dinarian interests...

Luigi hates to be the barer of bad news.

It's not looking encouraging for an RV-RI at this time.

US indicates it may get more involved over Iraq Impasse.

Iraq admits to more difficulties, negotiations & hard work, ahead.

Iraq disintegrates in downward spiral into deeper chaos.

All hopes are dashed of saving the Iraq economy at this time.  IMO.

Treat as a rumor.  Not verified.  Your opine.

 

 

BLC:

He Called For An End To The Rivalry Between Al-Sadr And His Rivals.. Report:  The Iraqi Political Conflict Dampens Any Hopes Of Saving The Iraq Economy.

A report by an American institute issued today, Friday, revealed the impact of the current political impasse on the rival political blocs & the Iraqi people, and indicated that ending the economic crisis may be “more difficult”, Al-Sadr & his opponents called in the coordination framework to transform competition to achieve economic reforms urgent.

The American “Carnegie Institution” said in a report translated by Shafak News Agency:

The economic consequences of the political impasse that Iraq is witnessing at the present time will not be in the interest of the rival political blocs nor in the interest of the Iraqi people, as ending the economic crisis may be more difficult than expected, especially in light of the escalation of the political conflict between Muqtada al-Sadr’s supporters & Shiite parties.

 

The conflict, which leads to an escalation of the cost of economic reform.  The US report stated that “this matter has weakened the prospects of adopting a practical & effective budget, impeding the necessary progress that has been achieved in the areas of infrastructure spending & delaying efforts aimed at achieving urgent economic reforms.”

The report pointed out that “the political crisis after the recent elections, caused the collapse of popular support that the country needed in order to address the most important problems facing the Iraqi economy, which are represented in the deterioration of public services & the spread of unemployment.”

[T B]

like joe biden, and demos , watch what they do and not what  they say!

[Luigi1]

here's another article related to the above...

Iran may be in positioning to manipulate control over IQD exchange rate.

 

 

BLC:

Article: 

An Expert Talks About The Dangers Of Iran Going To Deal With The IQD.

Saturday, economic expert Rashid Al-Saadi identified the reasons for offering the Iraqi dinar currency in Iranian local banks.  Al-Saadi said in a statement to (Baghdad Today), that “after Iran’s decision, Iraq will import Iranian goods in the Iraqi currency & this matter will have a significant impact on the exchange rate of the dollar in Iraq, as it will be affected by the same percentage that the Iraqi dinar is transferred to Iran.”

He added, “There is an experience similar to the Iranian decision, which is the Russian experience when the countries that import Russian gas are forced to deal in rubles.”

And that “this caused a direct impact on the devaluation of the European currency, which led to the strengthening of its currency, the ruble.” https://baghdadtoday.news/news/200284/خبير-يتحدث-عن-مخاطر-توجه

[Luigi1]

Breaking development...

 

 

TNT:

Iraq has until the 4th of October to form a new government or the UN, US & international community will do it for them.

In addition, Al Kazemi wants to form a million man march in protest to pressure all Blocs back into negotiations.