Al-Fateh: Iraq’s accession to BRICS will break Washington’s hegemony over the dollar

[keylime]

Economy

Al-Fateh: Iraq's accession to BRICS will break Washington's hegemony over the dollar

• Aug 28 17:33
•  

information / special.. 

Today, Monday, the leader of the Al-Fateh Alliance, Ali Al-Zubaidi, stressed the need to liberate himself from the restrictions of the US treasury and enter the "global BRICS" group, while stressing that the government will not control the rise in the exchange rate of the dollar without exiting the power of the US treasury.  

 

Al-Zubaidi said, in an interview with Al-Maalouma Agency, that "Iraq's economic situation requires the government to join the global Brexit group," noting that "getting rid of the restrictions imposed by the United States of America on Iraq lies in making the decision to enter the BRICS group." 

And he continued, "Washington will remain in control of Iraq with the card of raising the exchange rate of the dollar to pass its own interests," calling on the government to "the need to liberate itself from the US treasury and enter the BRICS group." 

The leader of the Al-Fatah coalition concluded his speech, saying: "The BRICS group, after the accession of more than twenty countries, most notably the eastern ones, will compete with the dollar and will become the first currency in the coming years, given the program and the numbers that the major countries are working on now," adding that "the government will not control the high price of Exchange the dollar without leaving the power of the US treasury. 

The BRICS group has become one of the most important global economic organizations, given the growth figures achieved by the countries of this group over the years, which made it a source of interest for many other countries, which no longer wanted to join the group after the number of countries reached 20 countries. Ended 25/ j

http://almaalomah.me/news/economy/الفتح:-انضمام-العراق-لبريكس-سيكسر-هيمنة-واشنطن-على-الدولار

[southbeach]

Bump

[ametad]

5 hours ago, keylime said:

while stressing that the government will not control the rise in the exchange rate of the dollar without exiting the power of the US treasury

Yeah, this is the crux if it.

[yota691]

Egypt hopes to increase the value of the Egyptian pound after joining the BRICS group

Economical  2023/08/28

 

 

 Cairo: Agencies 

 

Egypt's Minister of Supply and Internal Trade, Ali Al-Moselhi, said that his country's accession to the "BRICS" group will help implement a number of initiatives that Egypt seeks to implement, and will increase the value of the local currency.

 

During laying the foundation stone for the strategic warehouse in Luxor, south of the capital, Al-Moselhi stressed that "Egypt's accession to BRICS will help implement many initiatives that Egypt seeks to implement, such as commercial cooperation with the Russian side using the local currencies, the ruble and the pound, as well as initiatives with both China and India." He considered that this would reflect positively, reduce pressure on the dollar, and increase the value of the Egyptian pound.

 

He pointed out that these countries are seeking to establish a new economic, social and political coalition to confront the dominance of some dominant countries through the dollar and the establishment of international trade rules.

Al-Moselhi stressed the necessity of solidarity and cooperation of all parties so that we can reap the fruits of such a new economic bloc to achieve balance in the global economy.

 

At its summit last Thursday in South Africa, BRICS announced its agreement to expand the group and include six new countries, three of which are Arab countries: Saudi Arabia, the UAE and Egypt, in addition to Iran, Ethiopia and Argentina.

 

[HowieC]

A deputy for Sadiqoun demands that Iraq join the "BRICS"

Politics | Today, 13:17 | 

    

Baghdad Today - Baghdad

 

MP for the Sadiqoun parliamentary bloc, Zainab Juma Al-Moussawi, on Wednesday (August 30, 2023), called on the government to submit an application in order to join the BRICS global group.

Al-Musawi said in a statement received by Baghdad Today that "part of the importance of the BRICS group is its possession of oil, wheat and widely used minerals such as iron, or rare metals used in technological industries."

She added that "Iraq's accession to the BRICS group, similar to the accession of Arab and regional countries, comes because of its utmost importance to the Iraqi economy in getting rid of the hegemony of the US dollar and freeing the country from Washington's financial and trade restrictions."

She pointed out that "the BRICS group has become one of the most important economic blocs in the world, due to the growth figures achieved by the countries of this bloc over the years, which made it the focus of attention of many other countries."

The BRICS group and its current member countries Russia, China, India, Brazil and South Africa present themselves as an economic bloc seeking to break the West's dominance of the global economy, and many economists predict that it will be a symbol of the world's fastest-growing economies in the near future.

BRICS is a global economic bloc whose idea began in September 2006, when the foreign ministers of Brazil, Russia, India and China first met on the sidelines of the United Nations General Assembly in New York.

This group has become one of the most important economic blocs in the world, due to the growth figures achieved by the countries of this bloc over the years, as it aims to become a global economic power capable of competing with the Group of Seven (G7), which accounts for about 7% of global wealth.

 

A deputy for Sadiqoun demands that Iraq join the "BRICS" » Baghdad News Agency Today (baghdadtoday.news)

 

[southbeach]

Does the Strategic Agreement Iraq is under with Washington prevent them from joining BRIC?

[gregp]

15 minutes ago, southbeach said:

Does the Strategic Agreement Iraq is under with Washington prevent them from joining BRIC?

Good question. I would tell the US to pound sand. 

[yota691]

BRICS expansion: Egypt, Iran, Saudi Arabia & UAE invited

Al Jazeera English

 

382,155 views  Aug 24, 2023  #Johannesburg #BRICS #BRICSsummit
Leaders of the BRICS alliance of five nations have invited another six countries to join.
They are: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.

The annual BRICS summit is being held in Johannesburg.

The leaders of Brazil, India, China and South Africa are there, while Russia's president is on video link from Moscow.

The South African President made the expansion announcement.

[HowieC]

Iraq needs to break away from the clutches of the Cabal.

[southbeach]

Well, the GCC already said they wanted a unified currency rate of exchange, and it looks like SA, UAE, Egypt, Iran, and others in the ME have joined the BRICs.  

[ametad]

Iraq is so far from joining BRICS. There were more than 40 countries that had officially applied to join BRICS, six were accepted. And Iraq hasn’t even applied for membership yet. . . Yeah, it may need to happen before the Iraqi Dinar has real value again. I’m thinking it could easily be another decade, 2030 may come and go before this ever comes into alignment. I’m all for it, 2025 even seems like an unrealistic jump at warp speed.

[screwball]

26 minutes ago, ametad said:

Iraq is so far from joining BRICS. There were more than 40 countries that had officially applied to join BRICS, six were accepted. And Iraq hasn’t even applied for membership yet. . . Yeah, it may need to happen before the Iraqi Dinar has real value again. I’m thinking it could easily be another decade, 2030 may come and go before this ever comes into alignment. I’m all for it, 2025 even seems like an unrealistic jump at warp speed.

who knows do you really think they would publicise it????? otherwise they would suffer floods and earth quakes like every other country...we could also see a coup and a repeat of mosul.....

[screwball]

Iraq has expressed an interest like the rest, have they applied officially dont think so

[screwball]

11 hours ago, HowieC said:

Iraq needs to break away from the clutches of the Cabal.

100% agree

[screwball]

12 hours ago, gregp said:

Good question. I would tell the US to pound sand. 

possible.....might aslo be a deal to strengthen USD maybe deal done to remain pegged to dinar for a period of time???? who knows but i bet TRUMP knows!

[yota691]

I read that if this alliance is to work, it needs to be back by a bunch of Gold if it going to have any purchasing power to deflate the US dollar. IDK but it did make some sense. These folks talk about about abandoning the dollar, but oil is priced in US dollars around the world. Also don't know why these countries don't rely on using the currency they print. It is 2023...

[screwball]

10 hours ago, yota691 said:

Also don't know why these countries don't rely on using the currency they print. It is 2023...

this is exactly what will happen...The US will be enerey independent and will be using gold back USD in trade..   free reciprocal trade where all currencies will be on a level playing field ie: gold backed their own currencies

[screwball]

10 hours ago, yota691 said:

These folks talk about about abandoning the dollar,

propaganda aimed at cabal....

[pokerplayer]

7 minutes ago, screwball said:

this is exactly what will happen...The US will be enerey independent and will be using gold back USD in trade..   free reciprocal trade where all currencies will be on a level playing field ie: gold backed their own currencies

 

 

 💯  percent

[dinarham]

  The game behind the game behind the game .

[yota691]

Russia takes a new step towards implementing "Islamic banking"

Yesterday, 18:06

 

Tomorrow press / follow-up 

A law on Islamic banking in Russia will come into force next month, and the law allows for testing the application of Islamic banking services in some regions of Russia .

 

Russian banks will be able to start engaging in Islamic finance as of mid-September or October of this year, according to what was stated by the Chairman of the State Duma Committee on Financial Market Affairs Anatoly Aksakov .

 

At the end of last year, the Russian State Duma adopted, in its first reading, a draft law providing for an experiment that includes the establishment of an experimental legal system for Islamic financing activities in the territories of some Russian regions .

 

The project explains how to obtain the status of the participant in the experimental legal system and how the participant performs his work. It also includes procedures for organizing and supervising the activities of the participants in the program .

 

The bill also calls for the establishment of a government expert council on experimental legal system, in order to prepare proposals for regulating Islamic finance in Russia. Based on the proposals of the Assembly of Experts, amendments can be made in the Russian legislation on regulating Islamic finance .

 

[ametad]

On 8/31/2023 at 6:38 PM, screwball said:

this is exactly what will happen...The US will be enerey independent and will be using gold back USD in trade..   free reciprocal trade where all currencies will be on a level playing field ie: gold backed their own currencies

This makes no sense. I don’t see any reason why things would go this way. This is exactly what has been fought and repressed with fiat currency spreading globally like a disease. 

[screwball]

2 hours ago, ametad said:

This makes no sense. I don’t see any reason why things would go this way. This is exactly what has been fought and repressed with fiat currency spreading globally like a disease. 

central bank system will be no more....its not the same...the petro dollar will be no more the US will no longer be able to put sanctions on any country using the swift system, JP chase morgan, IMF etc...Countries will have other payment systems and will demand the countries take their currency in exchange for oil.....at the moment the IMF, UN and US can put sanction on any country because alll transactions for oil in US go through JP Chase Morgan in New York and use the swift system.. you clearly havent being paying attention!! or reading the news???

[screwball]

the US will open their oil and gas fields up and become energy independent rather than do deals with SA....SA has cut all ties with the US.....The wealth transfer from west to east is happening!. FREE reciporical trade in their own currencies, you tax us we will tax you! The united States and other countries will start to manufacture again rather than buy slave labour clothes from china, india and pakistan, China, India and Pakistan will have to pay their workers more, because the value of their currrency will go....

[southbeach]

Fact.  Everything around the world is going up not down.