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
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Sudanese exempts frightening and assigns Ali Al-Alaq to manage the Central Bank


6ly410
 Share

Recommended Posts

Deputy on the exemption of the Governor of the Central Bank: The dollar will fall and the authoritarian tentacles of corruption will be taken off

192312023_%D8%A7%D9%84%D9%86%D8%A7%D8%A6

Political |10:38 - 01/23/2023

Baghdad - Mawazine NewsMP Mahmoud al-Qaisi said on Monday the decision to dismiss the governor of the Central Bank that he will take off the tentacles of corruption controlling the bank.
Al-Qaisi said in a tweet via Twitter and followed by Mawazine News: "We praise the hands of the Prime Minister in his deterrent measures for the corrupt, who want to exhaust the Iraqi economy."He added, "The dismissal of the governor of the Central Bank will take off the tentacles of corruption controlling the Central Bank, and will contribute to the revival of the Iraqi dinar."
He concluded his tweet by saying: "The dollar will come down."

  • Thanks 1
  • Haha 1
  • Pow! 2
Link to comment
Share on other sites

 

A close to Abadi praises the step of appointing Al-Alaq as governor of the Central Bank: a step in the right direction

70704.jpg
 

Baghdad - Iraq Today:

The head of the Center for Political Thinking, Ihsan Al-Shammari, described on Monday the inauguration of Ali Al-Alaq as governor of the Central Bank as "a step in the right direction."

Al-Shammari said in a press statement, "Al-Alaq as a figure succeeded in raising the value of the Iraqi dinar and making the exchange rate approximately 112 thousand dinars per 100 dollars, and contributed very significantly to lifting international monitoring and the caveats that were imposed on the Iraqi Central Bank and Iraqi banks.

He added, "Al-Alaq also contributed to the issue of reducing fake banks and canceled many of the licenses of fake banks, and in his time at the Central Bank of Iraq, the financial treasury rose and prevented the disposal of the funds of the Central Bank of Iraq."

And he continued, “I see his appointment as governor of the bank a step in the right direction with regard to monetary policy.”

And he pointed out that, “it seems, by virtue of his previous dealings with the US Federal Reserve and international relations, that he will contribute to drawing up a monetary policy through which he can specifically reduce the level of the dollar’s exchange rate.”

Al-Shammari believed, "The installation of Al-Alaq is a step that can make a difference in the level of this great collapse that we are going through."

And he explained, “I imagine, despite the fact that the inauguration of Al-Alaq is an internal measure by Prime Minister Muhammad Shia Al-Sudani to absorb popular resentment as a result of the collapse of the dinar; But I think it is a message to the outside in particular, that there is a possibility of dialogue with the US Federal Reserve through a figure who previously dealt with the United States of America and the international community in the financial aspect.

And he concluded, “Al-Alaq was classified in many international questionnaires as having advanced positions in financial policies, and all of this provides an opportunity for a new financial policy that can save the country.”

 

 

You can read the news from the source here

 
Link to comment
Share on other sites

Al-Shammari Describes The Government's Decisions To Control The Dollar Rate As "Bold"

23/01/2023

 

  Al-Shammari describes the government's decisions to control the dollar rate as "bold" - Earth News (earthiq.news)

Earth News / Fadi al-Shammari, a member of the political bureau of the National Wisdom Movement, described on Monday the government's decisions to control the dollar rate as "bold."
Al-Shammari said in a tweet followed by Earth News that "bold decisions have been taken by the government to restore control and balance to the price of the currency after recent market speculation, including changing the management of the Central Bank and supporting the provision of traders with the official rate in various commercial sectors."
Earlier in the day, Prime Minister Mohamed Shia al-Sudani decided to dismiss the governor of the Central Bank against the backdrop of rising dollar exchange rates.

Link to comment
Share on other sites

Iraqi central bank chief leaves post amid currency volatility

AFP
Published: 23 January ,2023: 08:11 PM GSTUpdated: 23 January ,2023: 08:15 PM GST
Font 
 

Iraq’s prime minister said on Monday the country’s central bank governor had been relieved of his duties as the local currency continues to fall against the dollar.

 

“Today, the central bank governor’s request for discharge was approved, as was the request for retirement by the president of the Trade Bank of Iraq,” Prime Minister Mohammed Shia al-Sudani 

 

Mustafa Ghaleb Mukhif’s departure as head of the Central Bank of Iraq comes after the market value of Iraq’s dinar fell against the greenback in recent months.

Without identifying the successors for the key posts, Sudani said they were “known for their experience, their abilities and their integrity”.

While an official exchange rate is set by Baghdad at 1,470 dinars to the dollar, the market value of the currency has dropped to 1,620 dinars since mid-November, according to the official INA news agency.

Analysts and officials say the drop in value coincides with efforts to make Iraq’s banking system compliant with the international electronic transfer system, known as SWIFT.

Muzhar Saleh, an adviser to the prime minister, previously told AFP these steps, which began in mid-November, were required to access Iraqi funds held in the US.

Iraqi banks must now make “transfers on an electronic platform, verify the requests... and if it (the US Federal Reserve) has doubts, it blocks the transfer”, he explained.

Banks in the oil-rich country have an estimated $100 billion in funds held at the US Federal Reserve.

However, since the introduction of the SWIFT mechanism, US regulators have declined 80 percent of requests from Iraqi banks over suspicions about the funds’ final recipients, according to Saleh.

As a consequence, dollars have become more sought-after in Iraq and risen in value against the dinar, he said.

The adoption of the SWIFT system was supposed to allow for greater transparency, tackle money laundering and help to enforce international sanctions, such as those against Iran and Russia.

But some officials close to Tehran, such as Hadi al-Ameri, the head of the Iraqi parliament’s pro-Iranian Fatah Alliance, say this is a deliberate policy by Washington to “starve people”.

Link to comment
Share on other sites

21 minutes ago, HowieC said:

Well let's seeeeeeeee........Sorry to say  people, they just swapped out one Maliki / Iranian puppet for another. Hope I'm wrong.

You are not wrong this is Maliki’s man nothing changes!! Really surprised that Sudani posted him but atleast now we know where he stands as well unfortunately!!

  • Thanks 1
  • Pow! 1
Link to comment
Share on other sites

20 minutes ago, Dinarrock said:

You are not wrong this is Maliki’s man nothing changes!! Really surprised that Sudani posted him but atleast now we know where he stands as well unfortunately!!

proof will be in the pudding...he will deliver or get sacked...if their aim is to dump the USD, which is what Iran and Saddam wanted and now most countries then I am fine by this, as long as he delivers and in exchange we get more than .50 cents

  • Pow! 3
Link to comment
Share on other sites

1 hour ago, HowieC said:

Well let's seeeeeeeee........Sorry to say  people, they just swapped out one Maliki / Iranian puppet for another. Hope I'm wrong.

Exactly what I was thinking. 

2 hours ago, Hotcurl said:

Is this new one any different ??

 

Just asking ..............

 

Semper Fi :salute:

They're all corrupt.  Every single one of them, the only one that was good and that seemed to push forward their monetary system was Shabs.

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

27 minutes ago, WheresmyRV? said:

Exactly what I was thinking. 

They're all corrupt.  Every single one of them, the only one that was good and that seemed to push forward their monetary system was Shabs.

 

exactly all just a big corrupt money game ... R.I.P. shabibi 7- 1 - 1941 to 1- 8 - 2022 

  • Like 1
Link to comment
Share on other sites

The CBI will continue and or needs to deal with the US Fed. as long as Iraq sells oil in $US.

Bottom line .... No if's ..... No and's ..... No but's .............

 

Hopefully the US Fed holds the line on the currency transfers (oil sales) and continues to put pressure on the CBI to eliminate the transfer of the $USD via their auctions to Iran and the other bad actors listed above.

 

If we are reading about it here, then there must be significant movement behind the senses. 

 

The CBI director wouldn't be replaced, if the powers that be (Maliki + Iran), were not feeling the PAIN from the US Fed.

 

Just sayin' .................

 

Semper Fi:salute:

  • Thanks 1
  • Upvote 3
Link to comment
Share on other sites

5 hours ago, edbeach said:

Here you go. I have been saying this for a long time this governor of CBI is crooked & corrupt.

 

Funny I had been saying the same thing the past year on F26 site before being banned for speaking too much truth. So much of his nonsense has been debunked, yet he still has sheeple that believe him.....wowsers

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

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