Douglas Silliman reveals the secrets of the Iraqi delegation's visit to Washington and makes recommendations regarding the dollar

[6ly410]

Sudanese advice: The decline of the dollar and its return to its normal price will be within two weeks

Sudanese advisor: The decline of the dollar and its return to its normal price will be within two weeks| Information (almaalomah-me.translate.goog)

• Today 23:46

Information/Baghdad...Fadi al-Shammari, adviser to the Prime Minister, Mohammed Shia al-Sudani, said on Friday that the decline of the dollar and its return to its normal price will be within two weeks.
Al-Shammari pointed out, via Twitter, "the success of the Istanbul meeting between the Central Bank of Iraq and the US Treasury."He added that "the Central Bank of Iraq announced a set of new measures that will contribute significantly to the decline of the exchange rate, accompanied by strict security measures in the pursuit of smugglers and speculators."
Al-Shammari continued: "Within two weeks, the exchange rate will stabilize at its normal price, and there is no consolation for speculators and corruption."

[6ly410]

Iraqi Delegation to visit US to discuss Dinar Slump

3rd February 2023 in Iraq Banking & Finance News, Iraq Industry & Trade News

Iraqi Delegation to visit US to discuss Dinar Slump | Iraq Business News (iraq-businessnews.com)

By John Lee.

The Iraqi dinar has reportedly fallen to new lows on Thursday, as people take to the streets to protest at the fall in the value of the Iraqi currency, which is leading to higher costs for imported goods.

Various reports say that one US dollar could buy as many as 1,750 dinars on the black market, compared to an official rate of 1,460.

Foreign Minister Fuad Hussein is expected to visit Washington next week to discuss the situation with US officials.

(Sources: Bas News, The National, The New Arab)

[6ly410]

 

[6ly410]

Results of the US Central Bank and Treasury Meeting on the Dollar

economy

Ultra Iraq

03-Feb-2023

 

 

Ultra Iraq - Editorial Team

The central bank announced on Friday the results of a meeting with a delegation from the US Treasury Department headed by Assistant Secretary Brian Nelson in Turkey.

A statement by the bank said, "The Governor of the Central Bank Ali Al-Alaq

The Central Bank of Iraq concludes its meetings with the US Treasury, and its accompanying delegation concluded this evening, in Turkey, its meetings with US Assistant Secretary of the Treasury Brian Nelson and his accompanying delegation.

The statement added that "the meeting discussed the prospects of cooperation and coordination between the two sides in a way that contributes to achieving the stability of the exchange rate in Iraq, and the mechanisms associated with that."

The US Treasury Department affirmed, according to the statement, "its support for achieving economic stability in Iraq in reference to strengthening what was discussed between the Iraqi Prime Minister and the US President in the phone call that took place between them on Thursday in emphasizing the importance of Iraq's stability for the region."

The U.S. Treasury Department expressed its "readiness for the flexibility needed to achieve common goals. It was agreed to continue coordination and cooperation during the meetings to be held in Washington, D.C., before the middle of this month," the statement said.

 

 

[Dretown39]

Hurry up so I can stabilize my finances!! When I here somebody say Iraq is eager to add value to their currency I wanna ask who is eager?? The powers that be move slow as heck!!

[jake21]

They will just continue to kick the can down the road and eventually return to 1460, then pat themselves on the back for it. Pathetic!

[horsesoldier]

46 minutes ago, Dretown39 said:

Hurry up so I can stabilize my finances!! When I here somebody say Iraq is eager to add value to their currency I wanna ask who is eager?? The powers that be move slow as heck!!

The length of time it's taking to get the IQD to a PROPER GLOBAL RECOGNITION is ridiculous & absurd. This is an Epic Farce.

No wonder the planet is such a Shiite Show what with the way these ( the controlling forces ) Jokers manipulate everything.

[dinardiggerisme]

Sleepy Joe Biden is on the job now from his Underground Movie Studio Oval Office, along with the US Treasury Secretary  imported from Zimbabwe...I feel better now.

 

 

[screwball]

More like trying to appease the Iraqi people while they wait for the approval to RV and change rate more like it! Logical thinking required…trump and us treasury in control….Biden has no control over anything..

[Dretown39]

1 hour ago, horsesoldier said:

The length of time it's taking to get the IQD to a PROPER GLOBAL RECOGNITION is ridiculous & absurd. This is an Epic Farce.

No wonder the planet is such a Shiite Show what with the way these ( the controlling forces ) Jokers manipulate everything.

I agree 💯

[JonnyV]

6 hours ago, horsesoldier said:

" Talks " could conceivably just go on forevermore...I guess real tangible results are optional ???

 

LMAO.   You couldn’t be more right about them.  

[6ly410]

MP Hussein Arab: The dollar will witness stability as it was before

Sat 04 , Feb 2023 08:44 |EconomicalViews: 323

MP Hussein Arab: The dollar will witness stability as it was before (ninanews-com.translate.goog)

Baghdad /NinaMP Hussein Arab: "The exchange rates of the dollar will witness stability as it was before, after the meeting of the Iraqi delegation with the delegation of the US Treasury in Turkey." Arab said in a tweet: "The package of measures that were agreed upon in Turkey is a step in the right direction, and there will be stability in the exchange rate and according to what was previously." / End9

[6ly410]

Advisor to the Prime Minister: The procedural package launched by the Central Bank of Iraq hours ago is a positive reflection of the success of the negotiations between the Central Bank of Iraq and the US Treasury

[yota691]

Statement from the Central Bank after the conclusion of the meeting with the US Treasury

2023.02.03 - 21:27

 

Baghdad - people  

Central Bank Governor Ali Mohsen and his accompanying delegation concluded, on Friday evening, his meetings with US Treasury Assistant Secretary Brian Nelson and his accompanying delegation, in Turkey.  

 

  

  

During the meeting, according to a statement by the Central Bank, of which "NAS" received a copy (February 3, 2023), "they discussed prospects for cooperation and coordination between the two sides in a way that contributes to achieving stability of the exchange rate in Iraq and the mechanisms related to that."  

  

The US Treasury affirmed, "its support for achieving economic stability in Iraq, in reference to strengthening what was discussed between the Iraqi Prime Minister and the US President in the phone call that took place between them yesterday, Thursday, in emphasizing the importance of Iraq's stability to the region."  

  

It also expressed its readiness for the necessary flexibility to achieve common goals. It was agreed to continue coordination and cooperation during the meetings to be held in Washington DC before the middle of this month, according to the statement.  

[yota691]

The Central Bank of Iraq concludes its meetings with the US Treasury: Washington has expressed its readiness for the necessary flexibility

2023-02-03 13:20

 

 

Shafaq News/ The Central Bank of Iraq announced, on Friday, the conclusion of its meetings with the US Treasury, indicating that it had expressed its readiness for the necessary flexibility to achieve "common goals".

 

A bank statement received by Shafaq News agency stated, "The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, and his accompanying delegation concluded this evening, Friday, in Turkey, his meetings with US Assistant Secretary of the Treasury Brian Nelson and his accompanying delegation."

 

 

 

During the meeting, they discussed prospects for cooperation and coordination between the two sides, in a way that contributes to achieving the stability of the exchange rate in Iraq and the mechanisms related to that.

 

The US Treasury Department affirmed its support for achieving economic stability in Iraq, referring to strengthening what was discussed between the Iraqi Prime Minister and the US President in the phone call that took place between them yesterday, Thursday, in stressing the importance of Iraq's stability to the region.

 

The US Treasury Department expressed its readiness for the necessary flexibility to achieve common goals. 

 

It was agreed to continue coordination and cooperation during the meetings to be held in Washington DC before the middle of this month.

[yota691]

Iraq's markets breathe a sigh of relief... A delegation to Washington about the dollar crisis

l 2 hours ago

Baghdad - Sky News Arabia

 

 

Iraqi dinar Iraqi dinar currency

Today, Saturday, the Iraqi financial markets breathed a sigh of relief, following the significant increase in the value of the Iraqi dinar against the US dollar, with the Central Bank of Iraq revealing, on Friday evening, the content of the meeting of its governor, Ali Al-Alaq, with US Assistant Secretary of the Treasury Brian Nelson in Turkey.

The Central Bank's media office said in a statement: "During the meeting, they discussed prospects for cooperation and coordination between the two sides, in a way that contributes to achieving the stability of the exchange rate in Iraq and the mechanisms related to that."

The statement added, " The US Treasury confirmed its support system" rel="">support for achieving economic stability in Iraq, in reference to strengthening what was discussed between Prime Minister Muhammad Shia al-Sudani and US President Joe Biden in the phone call that took place between them on Thursday, in stressing the importance of Iraq's stability to the region."

The Central Bank of Iraq continued, "The US Treasury Department has expressed its readiness for the flexibility necessary to achieve common goals," noting that "it was agreed to continue coordination and cooperation during the meetings to be held in Washington , DC, before the middle of this month."

Immediately after the statement was issued, the exchange rates of the dinar against the dollar in Iraq witnessed a significant increase, reaching about 10 thousand dinars. After the exchange rate on Friday reached approximately 170 thousand dinars per 100 dollars, on Saturday it fell below 160 thousand.

Analysts and economists expect that the impact of the dollar crisis in Iraq will ease during the next few days, which they expect to be fully resolved with the upcoming visit of the official Iraqi delegation to the American capital after about 10 days, which the information circulating indicates will be devoted to researching ways to end this crisis and stop its repercussions that have become Threatening the collapse of the Iraqi currency , they warn.

[yota691]

The recovery of the Iraqi dinar against the dollar, following understandings with the US Treasury

Markets

Baghdad

Safaa Al-Kubaisi

February 04, 2023

 

Fears of instability of the Iraqi dinar exchange rate (AFP)

 

The exchange rate of the Iraqi dinar recorded a rebound against the dollar today, Saturday, following understandings by the Central Bank of Iraq and the US Treasury , as the selling price rose to 1640 dinars for the dollar and 1620 for buying, after the selling price reached 1700 dinars the day before yesterday, Thursday.

 

Prices do not seem stable, amidst the fear of exchange offices that prices will decline again, which led to the instability of the currency market and local market prices in general.

 

 

This decline in prices comes after the Central Bank of Iraq announced , yesterday, Friday, that the US Treasury showed its readiness for the flexibility necessary to achieve “common goals”, and the agreement to continue coordination and cooperation during the meetings to be held in Washington, DC, before the middle of this month, after the conclusion of the Central Bank Governor Ali Mohsen Ismail and his accompanying delegation in Turkey held his meetings with US Treasury Assistant Secretary Brian Nelson and his accompanying delegation.

 

Yesterday evening, Friday, the Central Bank of Iraq issued a package of facilities to meet the demand for the dollar, on both sides of cash and foreign transfers.

For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that the Central Bank's measures have reflected positively on negotiations with the US Treasury, indicating that these measures will raise the value of the Iraqi dinar.

 

Saleh said, to the Iraqi News Agency (INA), that "the procedural package launched by the Central Bank of Iraq hours ago is a positive reflection of the success of negotiations between the Central Bank of Iraq and the US Treasury, and is a systematic easing of the restrictions imposed, by adopting international banking tools as transparent channels for the transfer of funds, and on A broader detailed approach to conducting external transfers between Iraq and the world.

 

He added, "The instructions issued indicate a systematic liberation of external transfers from the restrictions, instructions, and customs previously approved on the movements of the Iraqi balance of payments, which will rapidly raise the value of the Iraqi dinar."

For its part, the Association of Iraqi Private Banks announced, in a statement, its commitment to "the new package of measures issued by the Central Bank of Iraq to facilitate financing international trade, which contributes to raising the value of the Iraqi dinar against the dollar, directly and gradually, and with the provision of materials and goods in the local market." Stressing that "the new package of measures came to facilitate the financing of international trade and organize its work in accordance with international requirements, and will contribute to the stability of the exchange rate, and limit the parallel market and illegal transfers."

 

Yesterday, Friday, the Iraqi Prime Minister, Muhammad Shia al-Sudani, issued directives to prevent currency smuggling and arrest smugglers, in a security step aimed at controlling the decline in the price of the Iraqi dinar, which is falling against the dollar to dangerous levels that were reflected in the rise in prices in the local market.

 

In his appearance last Tuesday evening, Al-Sudani acknowledged the smuggling of US dollars from Iraq "through forged invoices, and the central bank and the previous government were supposed to implement an agreed-upon mechanism to control the movement of money called (compliance standards) for the global banking system."

 

The Federal Reserve Board (the Central Bank of America) had imposed measures on foreign money transfers from Iraq, to ensure that they did not reach Tehran and Damascus, while the Iraqi Ministry of Interior vowed that those who called them “manipulators” in the hard currency of the dollar would face heavy penalties, according to the Economic Crimes Law. However, the field measures taken by Baghdad and Erbil did not result in any improvement.

[yota691]

Statement from the Central Bank after the conclusion of the meeting with the US Treasury

 20 hours ago

430

 

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, and his accompanying delegation concluded this evening, Friday, in Turkey, his meetings with US Assistant Secretary of the Treasury Brian Nelson and his accompanying delegation.

During the meeting, according to a statement by the central bank, they discussed prospects for cooperation and coordination between the two sides, in a way that contributes to achieving the stability of the exchange rate in Iraq and the mechanisms related to that.

The US Treasury confirmed, according to the statement, “its support for achieving economic stability in Iraq, in reference to strengthening what was discussed between the Iraqi Prime Minister and the US President in the phone call that took place between them yesterday, Thursday, in stressing the importance of Iraq’s stability in the region.”

The US Treasury Department expressed its readiness for the necessary flexibility to achieve common goals.

It was agreed to continue coordination and cooperation during the meetings to be held in Washington DC before the middle of this month.

[6ly410]

 Prime Minister's efforts and measures for dialogue with the US Treasury

Saturday 04 February 2023 17:55 | politicalNumber of readings: 106

Al-Mandalawi confirms the support of the Prime Minister's efforts and measures for dialogue with the US Treasury (ninanews-com.translate.goog)

Baghdad / NINA / - Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, affirmed the support for the efforts and measures of the Prime Minister, Muhammad Shia'a Al-Sudani, for dialogue with the US Treasury.

Al-Mandalawi said in a tweet to him on Twitter: "We support all the efforts and measures taken by the Prime Minister, through understanding and dialogue with the US Treasury on transfer mechanisms, as well as controlling the work of banks and exchange companies, in addition to providing all basic food commodities at reduced prices."/ End

[6ly410]

Among them is dealing with dinars internally. Politician: Ankara meeting ended with 3 results related to the dollar crisis

Among them is dealing with dinars internally. Politician: Ankara meeting ended with 3 results related to the dollar crisis » Baghdad News Agency Today (baghdadtoday.news)

Economy | Today, 17:25 | 

    

 

Baghdad Today - Baghdad

A political current confirmed on Saturday that the Ankara meeting achieved 3 results on the dollar crisis in the Iraqi markets, including the transfer of internal dealing in Iraq in dinars exclusively.

The head of the Bayariq al-Khair movement, Muhammad al-Khalidi, said in an interview with (Baghdad Today), that "the joint meeting between Iraq and America in Ankara to discuss the dollar crisis in the markets recently was difficult and somewhat complicated because of the divergent views, but in the end 3 important points were reached that will push to reduce exchange rates in the coming period."

He added, "The most prominent understandings is the pledge of the Sudanese government to control the file of smuggling dollars out of Iraq, as it is smuggled to more than 15 countries, in addition to redrawing the financial map by paying to adhere to the electronic platform in paying the sales of traders and companies abroad and pushing the internal markets to deal in dinars in order to reduce the demand for buying dollars."

He pointed out that "the understandings will lead to an increase in the rates of dealing in dinars in the markets instead of hard currencies, and this is very important and will lead to moving the activity of the local industry as much as possible," stressing that "smuggling is still a major problem in the country that must be addressed."

He acknowledged that "commitment to the understandings will lead to a gradual reduction in exchange rates in the Iraqi markets during the coming period," stressing that "the Sudanese government is trying to proceed with complex and very difficult economic and financial reforms to keep the markets away from a severe crisis looming on the horizon."

[6ly410]

Latest information about the dollar market and its prices in Baghdad and the region

 

Economy | Today, 16:40 | 

Latest information on the dollar market and its prices in Baghdad and the region » Baghdad Today News Agency

    

 

 

Baghdad Today-Baghdad

The dollar market in Iraq, especially in the capital, Baghdad, is witnessing what can be described as "chaos", as there are no clear or balanced prices between one province and another, and one region and another, after a wave of significant decline that began since Friday evening against the backdrop of the news that accompanied the meeting of the Central Bank with the US Treasury Department in Turkey.

In the governorates of the Kurdistan region, the Erbil Stock Exchange recorded the dollar price of 163.500 thousand dinars per 100 dollars, while the prices on the Sulaymaniyah Stock Exchange reached 163.750 thousand dinars per 100 dollars.

As for the capital, Baghdad, the stock exchange is closed, but in general, the prices in the exchanges are currently 167 for sale, while buying is 165 thousand dinars per 100 dollars, but most of the exchanges only buy and do not sell, according to the correspondent of "Baghdad Today".

[3n1]

4 minutes ago, 6ly410 said:

Al-Mandalawi said in a tweet to him on Twitter: "We support system" rel="">support all the efforts and measures taken by the Prime Minister, through understanding and dialogue with the US Treasury on transfer mechanisms, as well as controlling the work of banks and exchange companies, in addition to providing all basic food commodities at reduced prices.

 

Sad really , iraq is floating on a sea of oil and they are talking about basic food welfare for the people .... thanks for all the articles 

[6ly410]

Al-Mandalawi: We support the measures taken by Al-Sudani in dialogue with the US Treasury

•  Time : 2023/02/04 17:29:37
•  
•  Al-Mandalawi: We support the efforts and measures taken by Al-Sudani in dialogue with the US Treasury - Al-Furat News (alforatnews.iq)

  

The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, announced on Saturday, the Council's support for the measures taken by Prime Minister Mohammed Shia Al-Sudani, through understanding and dialogue with the US Treasury.

 

Al-Mandalawi said in a tweet on Twitter: "We support all efforts and measures taken by Prime Minister Mohammed Shia al-Sudani, through understanding and dialogue with the US Treasury on transfer mechanisms."

"We also support the regulation of the work of banks and exchange companies, in addition to providing all basic food commodities at reduced prices," al-Mandalawi added.

[6ly410]

Parliamentarian warns of continued US control over the economy: threatens to explode the people

• Today 16:28
• A parliamentarian warns of America's continued control of the economy: it threatens to explode the people | The information (almaalomah-me.translate.goog)

Information / Special.

Member of the House of Representatives, Suhaila Al-Sultani, warned on Saturday of America's continued control over Iraq's economy through its control of the dollar note, while stressing that the country's survival hostage to this situation will reduce its sovereignty.

 

Al-Sultani said in an interview with the agency / information /, that "Washington today imposes its hegemony abnormally on Iraq by controlling the Federal Bank," pointing out that "the country's money and what it gets from the sale of oil goes to the Federal Reserve for America and under certain commandments to disburse amounts to the country and is the one who controls this matter.

She added, "If Iraq remains hostage to this situation, there will be a lack of sovereignty," stressing: "When recalling the violation of the country's sovereignty, it must be noted that Washington intervened, which violated all agreements and clauses."

The MP for the Sadiqoun parliamentary bloc explained that her bloc "more than once noted and alerted to the American hegemony over the Iraqi issue," noting that "it is not correct for America to have the upper hand and control the country's economy in this terrible way."

Al-Sultani warned of "the continuation of America's policy inside the country and the threat to its economy through the dollar note," stressing that "this situation will threaten to explode Iraqi society from one hour to the next."

The dollar exchange rate fell significantly after Friday's meeting in Turkey, which brought together the governor of the central bank and the treasury minister to discuss easing the financial measures taken by the Federal Reserve

[6ly410]

Among them are government actions. Expert diagnoses four reasons behind the dollar's decline

• Today 18:20
• Among them are government actions. Expert diagnoses four reasons behind the decline of the | dollar Information (almaalomah-me.translate.goog)

Information/ Private.

Economist, Diaa Al-Mohsen, diagnosed on Saturday, the reasons and indicators that prompted the decline in dollar exchange rates in the Iraqi markets, while stressing that some leaks from the Istanbul meeting indicate that Iraq has been given a time limit to implement the Fed's measures.

Al-Mohsen said in an interview with Al-Maalouma that "the indicators that made the market witness a hasty decline in dollar exchange rates, including internal as well as external."

He added, "The internal indicator is the package of measures launched by the Central Bank of Iraq with regard to increasing the amounts granted to travelers, whether at the level of tourism or treatment, as well as at the level of study."

He pointed out, "Other procedures are related to merchants and industrialists, which are related to the trade of commodities and foodstuffs." As for the external aspect, he clarified, "The contact that brought Badin and Al-Sudani together and an attempt to reduce the procedures followed by the Federal Bank because it believes that the Sudanese government is the best since 2003." .

And Al-Mohsen said: "As for the last matter, it is related to the Istanbul meeting between the Iraqi delegation, which is represented by the Minister of Finance, the governor of the Central Bank, and the Sudanese advisors, with a delegation representing the US Federal Reserve, and after the leaks that emerged from the meeting."

The expert stressed that "there is a flexible position by the US Federal Reserve, which relates to granting Iraq a time limit for traders to implement the procedures followed and the financial conditions."

The dollar exchange rate fell significantly after Friday's meeting in Turkey, which brought together the governor of the central bank and the treasury minister to discuss easing the financial measures taken by the Federal Reserve.