Pro & Con Of Iraq Joining BRICS.

[Luigi1]

Here's an article of Dinarian interests...

There are pros & cons to Iraq joining BRICS.

Iraq shouldn't rush in to joining BRICS...economist warns.

At This time, Iraq does not meet all the requirements.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

Ali Al-Hamdani:     What Are Iraq’s Chances Of Joining BRICS?  And What Are The Consequences?

ARTICLE:  Iraq faces many obstacles that hinder its opportunity to join the BRICS group, despite the availability of most of the conditions that require joining this group, which constitutes a competitive pole for the United States of America, according to economic experts who spoke to a news network.

 

The BRICS group is a global economic bloc that seeks to break the hegemony of the West.  The idea of establishing it began in September 2006, when the first ministerial meeting of the foreign ministers of Brazil, Russia, India & China was held on the sidelines of the United Nations General Assembly in New York.  

 

This bloc includes 5 countries that are considered to have the fastest economic growth in the world: Brazil, Russia, India, China & South Africa.  The word “BRICS” in English is an abbreviation that includes the first letters of the names of these countries.  

 

The BRICS group has become one of the most important economic blocs in the world, due to the growth numbers that the countries of this bloc have achieved over the years, which has made it the focus of attention of many other countries, which continue to want to join the bloc.

 

Conditions For Joining BRICS:
Joining the BRICS group requires the fulfillment of several conditions, the most prominent of which is that -1- “the country’s economy be a major one in the region & that it has the potential for economic growth in the future,” according to the economist, Dr. Nabil Al-Marsoumi.  

 

Among other important conditions, Al-Marsoumi adds to (Al-Mada), -2- “the country must have an independent & stable political system & that the state be fully sovereign & have a strategic location that allows it to be a focus in global trade.”  

 

The economist stresses another condition, which is that -3- “the country should not be hostile to one of the main countries of the group & that it has close relations with them.”

 

[Luigi1]

Part Two:

Al-Marsoumi explains, “Most of these conditions are met in Iraq, but the American hegemony over the economic decision makes it lose a basic condition for joining BRICS, through the United States seizing oil money & transferring it to the US Federal Bank & then transferring it to the CBI.

 

He continues, “The United States also places harsh conditions on the movement of the Dollar & imposes sanctions on banks, which restricts Iraq’s monetary sovereignty over its funds.”  

 

He explains, “BRICS aims to use national currencies to conduct trade settlements & this is also a way to find an alternative to Dollar trade and protect foreign exchange reserves.  

 

He added, “However, the Iraqi economy is single-minded & completely dependent on oil, which contributes more than 97% of its total exports priced in Dollars, while the remaining small percentage is limited to exporting some goods with low added values, such as mineral fuels, mineral oils, citrus peels, watermelon & salt.

[BETTYBOOP]

In other words... iraq needs to be free of American influence, manage its own finances and have a currency that is worth something. So at the present time they have little chance of joining BRICS

[Luigi1]

25 minutes ago, BETTYBOOP said:

In other words... iraq needs to be free of American influence, manage its own finances and have a currency that is worth something. So at the present time they have little chance of joining BRICS

 

Yup.

Iraq has to make a very hard choice...US or BRICS influence.

US still has Iraq under it's thumb & let's hope they don't blow it.

This can easily backfire & drive Iraq right into the arms of BRICS.

This needs to be an Iraqi peaceful transition without any outside influences.

IMHO.

 

[T B]

said well buddy! lets hope they think that way? 😀

[Luigi1]

20 minutes ago, T B said:

said well buddy! lets hope they think that way? 😀

 

The condition of the entire world economies may have something to say about it.

We are on the verge of another Great Depression if no actions are immediately taken.

Let's get this GCR going.

[cjdavid]

20 minutes ago, Luigi1 said:

 

The condition of the entire world economies may have something to say about it.

We are on the verge of another Great Depression if no actions are immediately taken.

Let's get this GCR going.

So correct! Makes me wonder how that would be handled. Just do the whole global reset? Everything comes back here to the USA as far as manufacturing for our citizens?  I mean I would not want to be anywhere else on this planet with all the opportunities this country has sitting around not being used. And this!…is why this was the greatest nation in the planet. All the now untapped manufacturing, farming, gas/oil, infrastructure…I could go on. 
just need more people like Trump running the country to be that beacon light on the hill. 

Edited November 27, 2023 by cjdavid

[Luigi1]

28 minutes ago, cjdavid said:

So correct! Makes me wonder how that would be handled. Just do the whole global reset? Everything comes back here to the USA as far as manufacturing for our citizens?  I mean I would not want to be anywhere else on this planet with all the opportunities this country has sitting around not being used. And this!…is why this was the greatest nation in the planet. All the now untapped manufacturing, farming, gas/oil, infrastructure…I could go on. 
just need more people like Trump running the country to be that beacon light on the hill. 

 

Agree.

We have people running government that don't want to see us succeed.

By no accident but pre-planned to get America to fail.

[Luigi1]

Here's another article related to the above...

 

Goldilocks:     All Roads Lead To BRICS or China.

ARTICLE:  “Key Players In The Global Container Freight Transport Market include:

Maersk.

Hapag-Lloyd.

AG.

Evergreen.

Marine Corp.

MSC Industrial.

Direct.

COSCO.

Shipping Development.

CMA.

CGM.

APL.

Logistics Americas.

Kuehne Nage.

Hanjin Group.   

The container freight transport market is driven by a number of factors, including: The growing volume of global trade Increasing globalization of supply chains The growth of e-commerce”

 

[Luigi1]

Here's another article related to the above...will the Digital Dinar save the slide of the IQD against the USD?

 

From Other Sources:  Adviser To The PM: The 'Electronic Payment System' Will Raise The Value Of The Dinar Against The Dollar.

ARTICLE:  Mazhar Muhammad Saleh, financial advisor to Prime Minister Muhammad Shiaa al-Sudani, said that the electronic payment system will preserve the monetary supply of the Iraqi Dinar & will raise its value against the Dollar in later stages.

 

Saleh explained, in a press statement, that “the cash payments system is linked to a high degree of certainty whenever payments are made by electronic or digital means, which provides an accurate liquidity indicator for the banking system & reduces the degree of ambiguity & uncertainty in banking liquidity.  The payments system also provides sufficient information.”

The flow of cash into the banking system, the clarity of the amounts of paid & accumulated amounts & a statement of their actual balances at all times during the banking working day.  

 

He pointed out, “In light of monetary systems that rely on direct cash payments, bank liquidity management policies surround themselves with additional hedges of disrupted liquidity in order to anticipate liquidity risks, which disrupts part of banking & credit operations in particular.”