RJG Posted January 12 Report Share Posted January 12 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 1 3 6 Quote Link to comment Share on other sites More sharing options...
haymon Posted January 12 Report Share Posted January 12 Yeah, make your money have value!!!!!!!! Seems like a no brainer... 1 2 1 1 6 Quote Link to comment Share on other sites More sharing options...
3n1 Posted January 12 Report Share Posted January 12 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 1 4 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 12 Report Share Posted January 12 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. 1 1 3 4 Quote Link to comment Share on other sites More sharing options...
Hotcurl Posted January 12 Report Share Posted January 12 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 1 1 7 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 12 Report Share Posted January 12 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 ). 3 Quote Link to comment Share on other sites More sharing options...
haymon Posted January 12 Report Share Posted January 12 Soooo, who's pocket is it going into?? 2 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted January 12 Report Share Posted January 12 1 hour ago, haymon said: Soooo, who's pocket is it going into?? Iran most likely. 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 13 Report Share Posted January 13 6 hours ago, Hotcurl said: Bring value to the IQD, more than the $US and this issue goes away instantly Yep…. 1 Quote Link to comment Share on other sites More sharing options...
Hotcurl Posted January 13 Report Share Posted January 13 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 7 2 Quote Link to comment Share on other sites More sharing options...
nannab Posted January 13 Report Share Posted January 13 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. 🙄 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 13 Report Share Posted January 13 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! 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 13 Report Share Posted January 13 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 1 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted January 13 Report Share Posted January 13 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. 1 Quote Link to comment Share on other sites More sharing options...
nannab Posted January 13 Report Share Posted January 13 That is what I was thinking and was going to add if they make it out alive. Great minds Quote Link to comment Share on other sites More sharing options...
ametad Posted January 13 Report Share Posted January 13 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 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 13 Report Share Posted January 13 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 1 2 Quote Link to comment Share on other sites More sharing options...
edbeach Posted January 16 Report Share Posted January 16 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 1 2 Quote Link to comment Share on other sites More sharing options...
T B Posted January 16 Report Share Posted January 16 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!🤣 1 Quote Link to comment Share on other sites More sharing options...
unirod Posted January 17 Report Share Posted January 17 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! 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 17 Report Share Posted January 17 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 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 17 Report Share Posted January 17 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. 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted January 17 Report Share Posted January 17 They are saying we can’t control parallel markets and we are loosing billions annually we need to? 2 Quote Link to comment Share on other sites More sharing options...
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