USD Blamed For Runaway Iraqi Inflation.

[Luigi1]

Here's an article of Dinarian interests...

USD speculation blamed for runaway Iraq inflation.

Greed & price manipulation by the corrupt are the real causes.

Treat as a rumor.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:   Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods & Commodities Under The Pretext Of The Dollar.

ARTICLE:  The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the rise in the price of the Dollar.

 

The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by a news agency, that “despite the government’s keenness to provide all the necessary financial facilities & support to all merchants, the greedy among them & the speculators are still living off crises by maximizing their profits & inflating their coffers, at the expense of their livelihood.” the poor”.

 

He added, “These speculators & profiteers did not give any consideration or respect to the government’s commitment to provide hard currency for their commercial transactions through the official CBI platform, as they continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the high price of the Dollar, even though they import them at the official price.” “.

 

Al-Atwani called on “the government & its regulatory agencies to tighten control over the market, to ensure price stability & to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”    

 

[Luigi1]

Here's another article related to the above...the IQD float has started...

 

 

 

Frank26:     The Float Of The IQD Has Started.

ARTICLE:  The Iraqi Dinar is now going to enter a basket in a float & that’s why the CBI has been talking…about the basket & coins.

All they talk about is the exchange rate of the Iraqi Dinar, about the black market going away & the only way that all of this can happen is if we have a new ER &d a new currency to match it. 

They are preparing Iraqi citizens.  This is the monetary reform at its highest point…

 

[davis411]

6 minutes ago, Luigi1 said:

at its highest point

Ohhh I bet I can get higher

 

 

 

[BETTYBOOP]

If only we could clarify how true any of this is

[Luigi1]

2 hours ago, BETTYBOOP said:

If only we could clarify how true any of this is

 

BLC is not a real Guru but does report on Iraq's economic status & comments.

F26...take with a grain of salt & verify.

[screwball]

6 hours ago, Luigi1 said:

Here's an article of Dinarian interests...

USD speculation blamed for runaway Iraq inflation.

Greed & price manipulation by the corrupt are the real causes.

Treat as a rumor.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:   Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods & Commodities Under The Pretext Of The Dollar.

ARTICLE:  The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the rise in the price of the Dollar.

 

The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by a news agency, that “despite the government’s keenness to provide all the necessary financial facilities & support system" rel="">support to all merchants, the greedy among them & the speculators are still living off crises by maximizing their profits & inflating their coffers, at the expense of their livelihood.” the poor”.

 

He added, “These speculators & profiteers did not give any consideration or respect to the government’s commitment to provide hard currency for their commercial transactions through the official CBI platform, as they continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the high price of the Dollar, even though they import them at the official price.” “.

 

Al-Atwani called on “the government & its regulatory agencies to tighten control over the market, to ensure price stability & to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”    

 

Inflation is at 3.4% I would say it’s runaway? 😂😂😂

[screwball]

If they don’t remove zeros or adjust rate considerably before they execute the reconstruction budget they will have run away inflation…also consider consumer spending with an RV? All this causes imflation only way to combat it is to adjust your exchange rate! 

[BETTYBOOP]

26 minutes ago, screwball said:

Inflation is at 3.4% I would say it’s runaway? 😂😂😂

I was just about to say their inflation is better than the uk so not really a run away inflation

[dinarham]

 In spite of the kurfuffle with Iran , Biden has approved a 90 day waiver allowing Iraq to purchase electricity from Iran .

[Luigi1]

On 11/20/2023 at 4:53 PM, BETTYBOOP said:

I was just about to say their inflation is better than the uk so not really a run away inflation

 

Not disagreeing...

Actual inflation numbers are much higher than what is reported to make things look better.

Iraq is no different than the US or any other country.

They exclude items like housing, energy, medical costs & some food items when reporting the numbers.

True numbers are much higher when those items are included.   IMHO.