The largest theft in the history of Iraq.. Deputy: We lose $21 billion annually for this reason

[RJG]

The largest theft in the history of Iraq.. Deputy: We lose $21 billion annually for this reason
Policy

01-12-2024 | 05:34

Source:
Alsumaria News

3,213 views

Al-Sumaria News - Politics

The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, revealed today, Friday, that Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history.

Abdul Wahed said in a tweet followed by Al-Sumaria News, “Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history, at a time when the government and the central bank are unable to control the parallel market, or do not want to.”

She added, "Iraq's oil is sold in dollars, and the government and central bank count every 100 dollars as 132 thousand dinars. In the currency difference for selling oil alone, Iraq loses more than 21 billion dollars, and there are similar amounts in the currency difference, and the only beneficiaries are parties, companies, and banks affiliated with influential figures." ".

She stated, "Parliament, in its new legislative term, must put an end to all these public thefts, and we will work to host all responsible parties to come up with radical solutions."
https://www.alsumaria.tv/news/politics/478846/%D8%A3%D9%83%D8%A8%D8%B1-%D8%B3%D8%B1%D9%82%D8%A9-%D9%81%D9%8A-%D8%AA%D8%A3%D8%B1%D9%8A%D8%AE-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%86%D8%A7%D8%A6%D8%A8-%D9%86%D8%AE%D8%B3%D8%B1-%D8%B3%D9%86%D9%88%D9%8A%D8%A7%D9%8B-21-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B3%D8%A8%D8%A8

[haymon]

Yeah, make your money have value!!!!!!!! Seems like a no brainer...

[3n1]

24 minutes ago, haymon said:

Yeah, make your money have value!!!!!!!! Seems like a no brainer...

 

oil was traded in usd when iraq always had an exchange rate of 2.00 + , until the iqd value tumbled after Saddam invasion of kuwait and the gulf wars changed the region , iraq - (cbi) knows exactly what to do .... go figure , cheers

[rvmydinar]

1 hour ago, RJG said:

Iraq loses $21 billion annually due to currency differences

Annually? Then, Why have you just kept talking and complaining and whining annually? Why haven't you done something with your currency? Same old song just different day.

[Hotcurl]

3 hours ago, rvmydinar said:

Why haven't you done something with your currency? Same old song just different day.

 

Perhaps, just maybe, look East to their neighbor Iran.

Tehran is dictating reality both politically and financially .................

 

Bring value to the IQD, more than the $US and this issue goes away instantly ..........

 

Just sayin' ...............

 

Semper Fi 

[rvmydinar]

1 hour ago, Hotcurl said:

 

Perhaps, just maybe, look East to their neighbor Iran.

Tehran is dictating reality both politically and financially .................

 

Bring value to the IQD, more than the $US and this issue goes away instantly ..........

 

Just sayin' ...............

 

Semper Fi 

It doesn't sound as simple as it looks to bring value to the IQD more than a buck since they haven't been RV'ing the IQD for 20 years. And, they won't tell us the real reason why they keep delaying the RV ( and they just love to keep talking talking and talking and no action has been made until now ).

[haymon]

Soooo, who's pocket is it going into??

[WheresmyRV?]

1 hour ago, haymon said:

Soooo, who's pocket is it going into??

Iran most likely.

[screwball]

6 hours ago, Hotcurl said:

Bring value to the IQD, more than the $US and this issue goes away instantly

Yep….

[Hotcurl]

If one looks at the history, since the era that Nouri Al Maliki was installed in Iraq, about 20 years ago.

If one looks at all the politicians that have come and gone, the history, during that period of time it is pretty easy to understand that Iran has been driving the bus in Iraq. 

 

As I mentioned prior, Iran is dictating reality in Iraq, In my opinion of course. 

 

The CBI could change the Exchange rate instantly, if they wanted to. They have shown this in the past.

For example, going from 1180 down and then back up to the current 1310.

 

Again, if the CBI or the powers that be, wanted to end this black-market smuggling operation/auctions of the $US, all the CBI, needs to do is raise the value of the IQD to be greater than the $US. Problem eliminated.

 

So why does Iran or the powers that be, want the IQD to remain at the current level ??  ... (I know that this is redundant question, that no one here can answer, but I had to ask)

 

Just sayin' and askin' .................

 

Semper Fi 

 

 

 

[nannab]

I money goes to Iran Malarki plus the bank he owns and co horts.

It is sad really. I cannot wait to see what Ernst & Young digs up. 🙄

[screwball]

1 hour ago, Hotcurl said:

So why does Iran or the powers that be, want the IQD to remain at the current level ??  ... (I know that this is redundant question, that no one here can answer, but I had to ask)

I would think now with no more usd in country they would want Iraq to have a currency with value especially if they are trading with them! Before it was all about USD laundering but not so much now! 

[screwball]

1 hour ago, Hotcurl said:

The CBI could change the Exchange rate instantly, if they wanted to. They have shown this in the past.

For example, going from 1180 down and then back up to the current 1310.

💯probs a month away from any cabinet decision to change rate based on their previous actions 

[horsesoldier]

54 minutes ago, nannab said:

I money goes to Iran Malarki plus the bank he owns and co horts.

It is sad really. I cannot wait to see what Ernst & Young digs up. 🙄

If Ernst & Young wanna stay healthy they'll start digging somewhere else. Ole Taters leaves dead men in his wake.

[nannab]

That is what I was thinking and was going to add if they make it out alive.

Great minds 

[ametad]

3 hours ago, Hotcurl said:

If one looks at the history, since the era that Nouri Al Maliki was installed in Iraq, about 20 years ago.

If one looks at all the politicians that have come and gone, the history, during that period of time it is pretty easy to understand that Iran has been driving the bus in Iraq. 

History tells us that Maliki had a relationship, support and influence from the US after the 2003 invasion, specifically Bush. Once Obama came into office, midway through his first term around 2010 support for Maliki shifted.
 

I can’t for the life of me see why the popular mentality of Americans allows them to be polarized and manipulated to drive the narrative of “Iran - Global Enemy #1”. So much so it disables critical evaluation…driven by pure emotion. 

 

https://www.washingtonpost.com/opinions/why-we-stuck-with-maliki--and-lost-iraq/2014/07/03/0dd6a8a4-f7ec-11e3-a606-946fd632f9f1_story.html
 

https://www.theguardian.com/world/2014/jun/19/how-nouri-al-maliki-fell-out-favour-with-us-iraq

[screwball]

19 hours ago, RJG said:

Friday, that Iraq loses $21 billion annually due to currency differences,

And this is why they are in a hurry to speed up reform 

[edbeach]

On 1/12/2024 at 8:18 AM, RJG said:

The largest theft in the history of Iraq.. Deputy: We lose $21 billion annually for this reason
Policy

01-12-2024 | 05:34

Source:
Alsumaria News

3,213 views

Al-Sumaria News - Politics

The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, revealed today, Friday, that Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history.

Abdul Wahed said in a tweet followed by Al-Sumaria News, “Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history, at a time when the government and the central bank are unable to control the parallel market, or do not want to.”

She added, "Iraq's oil is sold in dollars, and the government and central bank count every 100 dollars as 132 thousand dinars. In the currency difference for selling oil alone, Iraq loses more than 21 billion dollars, and there are similar amounts in the currency difference, and the only beneficiaries are parties, companies, and banks affiliated with influential figures." ".

She stated, "Parliament, in its new legislative term, must put an end to all these public thefts, and we will work to host all responsible parties to come up with radical solutions."
https://www.alsumaria.tv/news/politics/478846/%D8%A3%D9%83%D8%A8%D8%B1-%D8%B3%D8%B1%D9%82%D8%A9-%D9%81%D9%8A-%D8%AA%D8%A3%D8%B1%D9%8A%D8%AE-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%86%D8%A7%D8%A6%D8%A8-%D9%86%D8%AE%D8%B3%D8%B1-%D8%B3%D9%86%D9%88%D9%8A%D8%A7%D9%8B-21-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B3%D8%A8%D8%A8

a

Artitech  Don'l know if you saw this  Iraq looses 21 Billiokn dollars almost every year. I think main reason no rv/ri 

Main to the politician groups. JMHO

[T B]

ha! ha! nothing new there, they been stealing for years , ole malarky and cronies has it sewed up !and the deepstate too! to many crooks to name!🤣

[unirod]

The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed

Looks like the younger generation is fed up with traditional tribal corruption at their expense in this tech modern world. The demographics have changed dramatically!

[screwball]

On 1/13/2024 at 12:18 AM, RJG said:

at a time when the government and the central bank are unable to control the parallel market, or do not want to.”

Can’t control it…then rv

[screwball]

On 1/16/2024 at 12:01 PM, edbeach said:

a

Artitech  Don'l know if you saw this  Iraq looses 21 Billiokn dollars almost every year. I think main reason no rv/ri 

Main to the politician groups. JMHO

Your thinking of this the wrong way…this is justification for them to delete zeros, and introduce lower denoms and or move to gold asset back digital assets.

[screwball]

They are saying we can’t control parallel markets and we are loosing billions annually we need to?