US Policies Weakens IQD Against the USD.

[Luigi1]

Here's an article from Dinarland...

US policies weakens IQD against the USD. 

Oh No...The IQD is going in the wrong direction.

Treat as a rumor.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:   The Crisis Of The Rise Of The Dollar Returns To The Fore & An Upcoming Parliamentary Procedure.

ARTICLE: On Friday, the Parliamentary Finance Committee confirmed its intention to host the governor of the Central Bank & the Minister of Finance during the next week, to find out the reasons for not controlling the parallel exchange rate.  

 

The parallel price means the exchange rate of the Dollar in the market and exchange offices & not the official rate set at 1132 Dinars per Dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.  

 

The exchange rates of the USD rose against the Iraqi Dinar, in the Baghdad markets & in Erbil, the capital of the Kurdistan region, after Washington imposed sanctions on 14 Iraqi banks.  

 

As the Al-Kifah and Al-Harithiya stock exchanges recorded, with the closing, yesterday evening, Thursday, 150,900 dinars for 100 Dollars, while in Erbil it recorded 151,000 Dinars for every 100 Dollars & the purchase price was 150,950 Dinars for 100 Dollars.

 

In this context, Moein Al-Kazemi, a member of the Finance Committee, deputy, says, “The government tried to control the exchange rate, by reducing the Dollar from 145 to 130 & was able to provide remittances to countries to which remittances can be sent.”  

 

Al-Kadhimi added, “But there are other countries from which Iraqi merchants import & US sanctions prevent sending these remittances, forcing these merchants to obtain Dollars from the parallel market.”  

 

He explains, “Which leads to the Dollar’s price remaining high in this market & with the recent measures of the US Federal Reserve not to deal with a number of private banks, this had an impact on the Dollar’s price rise, to reach 155.”


 

[Luigi1]

Here's another article related to the above...The QFS Moves Forward...

 

Golilocks:   RJ:  Goldilocks Posted Comments & Links On The Global Financial System:

ARTICLE: Now, we turn to the final points of our story.  The QFS.  I will cover important events taking place in the old system, but my focus going forward will be the QFS. Remember, the FedNow is having difficulties getting enough Global Digital Networks to interface with this system.  There is a good reason for this taking place. On the other hand, the QFS moves forward.

 

[Luigi1]

Here's a follow up article related to the above...US policies are confusing to Iraq...

 

 

From Another Source:    Iraq Is Confused.

ARTICLE:  US Sanctions Confuse Iraq’s Finances, Suggesting A “Scarcity” Of The Dollar & A New Crisis.  The decision of the UST to impose new sanctions on 14 Iraqi banks, months after imposing similar sanctions on 4 important banks due to financial dealings with Iran & others related to money laundering operations, caused a rapid reaction inside Iraq, as it led to a decline in the value of the Dinar against the USD, in addition to the influx of depositors to the punished banks to withdraw their money deposited in Dollars.