The Parallel Dollar ER Will Be Contained By The Private Sector.

[Luigi1]

Here's some articles of Dinarian interests...

The Parallel Dollar ER will be contained by the private sector.

The Future Of Iraq-US Alliance Ended Without Announcing The Details.    

 Iraqi-US Signs An Agreement In Light Of Regional Tensions.

Iraq's Oil Exports To America Fell To Zero.

Treat as rumors.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:           Experts: The Dollar Crisis Will Only Be Solved Through The Private Banking Sector & Moving The Wheel Of Industry.

ARTICLE:  Economic affairs specialists have identified a number of factors that would control the ER of the Parallel Dollar, stressing that granting the private industrial sector financial & administrative facilities could lead to moving the wheel of production & reducing imports that are financed with the Parallel Dollar from the Black Market, stressing The importance of doubling loans that would establish a production base capable of meeting the local market’s requirements for goods & materials.

 

Economic calls have increased remarkably, demanding that loans & credit facilities granted by banks to the private sector be directed towards activating & increasing production processes, indicating that these facilities exceeded 50 trillion Dinars last year 2023, but they did not contribute to increasing gross domestic product rates, stressing at the time He stressed the importance of building more bridges of trust between investors, businessmen & companies with government & private banks with the aim of facilitating the granting of loans directed towards increasing local production.

 

The specialists' calls come at a time when the government has intensified its efforts to eliminate the rise in ER in the Parallel Market, which has greatly affected the movement of buying & selling goods & materials in the local markets.

 

Following a package of decisions that contributed to closing the gap that occurred earlier between the official & the Parallel Dollar, A government source revealed earlier that electronic cards were issued to small merchants with a ceiling of $100,000 per month.

 

The new government step was met with economic welcome, which emphasized the importance of this measure in eliminating the significant rise in Parallel ER & reducing the jumps in the green currency, in addition to its importance in covering the prices of imported goods at the official Dollar rate, thus achieving great stability in the local markets.

 

Economist Manaf Al-Sayegh believes that “a large part of the solution lies in establishing a large production base capable of meeting the requirements of local markets & blocking the path to import operations that require huge sums of money from the Dollar,” pointing out the necessity of “developing a strategic plan that begins in the form of stages that include the advancement “The high quality of the industrial & agricultural sectors, which constitute the backbone of the national economy.”

 

Al-Sayegh also urged “the importance of the strategy including real steps to reform the banking &d financial system in the country & adapting it in a way that can be parallel to what developed countries have achieved in banking transactions, as well as moving towards reforms related to the trade balance, which can stimulate the movement of local production & exports.”

 

National economy, thus significantly reducing the demand for the Parallel Dollar, pointing out that creating a balance between exports & imports is an important step to revitalize the national economy & enable it to achieve growth in all its sectors, thus diversifying sources & significantly reducing dependence on the oil sector.

 

In turn, the economic expert, Nabil Al-Marsoumi, explained that the decline of the Dollar index against the Iraqi Dinar is on its way to decline, pointing to the seriousness of the monetary authority in diversifying currency reserves, as well as expanding the circle of payments from other currencies, not to mention simplifying Y& concise access to the electronic platform. 

 

Al-Marsoumi stressed "the importance of resolving problems related to trade with neighboring countries, by finding other ways to trade with those countries in order to find a close price between the official & the Parallel Dollar."

 

The Gov of the CBI had confirmed that “the indicator of the success of any country’s monetary policy is controlling the general level of prices and reducing inflation,” explaining that “inflation has now decreased significantly compared to the beginning of 2023, which indicates that foreign trade is covered by the price.” And that foreign financing operations are taking place smoothly & all importers & traders can obtain the Dollar at the official rate & control it.”

 

Al-Alaq pointed out that “the Central Bank’s adherence to the rules and principles of external transfer in accordance with the conditions & requirements it set & its insistence on implementing them has prompted many hesitant merchants to enter the platform for selling foreign currency, especially since its use is easy & safe & it provides them with the Dollar at the official rate.”

 

Al-Alaq pointed out that “the Central Bank confirms the possibility of meeting all requests for the Dollar, whether personal, commercial, or any kind, as long as they are valid & legitimate.”

 

 

 

 

From Other Sources:              The Joint Meeting Between Baghdad And Washington To Discuss The Future Of The Alliance Ended Without Announcing The Details.    

ARTICLE:  Political sources reported, today, Monday, the end of the political security meeting between America & Iraq within the Green Zone to discuss the foreign presence in Iraq.

 

According to sources told a news agency, “The meeting in which the Ministry of Foreign Affairs, joint operations commanders from Iraq, the American embassy & representatives of the international coalition participated, ended a short while ago.”

 

She added, "The official statement about the details of the meeting may not be announced in detail due to the embarrassment of the government's political position regarding the foreign presence."

 

She pointed out that “amending the Sufi Agreement (SFA), known as the Framework, was the most prominent thing that was proposed, as well as the details of the military presence of the international coalition & military cooperation.”

 

 

 

 

From Other Sources:                  The Iraqi Embassy In Washington Signs An Agreement For Communication & Lobbying In Light Of Regional Tensions.

ARTICLE:  The American newspaper “Politico” reported in a report published today, Sunday, that the Iraqi embassy in Washington had signed an agreement with the “Squire Patton Boggs” legal consulting & law firm to provide assistance in lobby activities inside the US & to enhance its efforts, the embassy also renewed its contract with another company.

 

According to the report, this comes in the context of escalating tensions in the Middle East as a result of the conflict between Israel and Hamas, in addition to the recent American military campaign in response to an attack that killed 3 American soldiers.

The report confirmed that the agreement between the Iraqi embassy and “Squire Patton Boggs” company extends for a year, with an estimated value of about 800 thousand dollars, with the aim of providing political advice and strengthening bilateral political and commercial relations between the two countries.

 

The report indicated that this agreement was signed before the American drone raid in Baghdad, which resulted in the killing of the leader of the Iraqi Hezbollah Brigades, Abu Baqir al-Saadi. The newspaper indicated that this raid sparked condemnation from Iraqi leaders, which may lead to increased pressure to expel the US-led coalition forces.

 

In another context, the Iraqi embassy hired another lawyer, Michael Sarafa, from the Butzel Long Law Firm in Michigan, to help Iraq establish relations with Iraqi-American communities in Michigan & Illinois, in addition to strengthening communication with the Iraqi-American business community & members of Congress.

 

 

 

From Other Sources:                              Iraq's Oil Exports To America Fell To Zero.

ARTICLE:  The US Energy Information Administration announced on Sunday that Iraq did not export any quantity of oil to America during the past week.

 

The administration said in a table seen by a news agency, “The average US imports of crude oil during the past week from 7 major countries amounted to 5.459 million barrels per day, an increase of 519 thousand barrels per day compared to the previous week, which amounted to 4.940 million barrels per day.”

 

She added, "America did not import crude oil from Iraq during the past week after it imported an amount of 205 thousand barrels per day during the previous week."

 

The administration indicated that "most of America's oil revenues during the past week came from Canada at an average of 3.539 million barrels per day, followed by Mexico with an average of 661 thousand barrels per day, and oil revenues from Colombia amounted to an average of 415 thousand barrels per day, and then Saudi Arabia at an average of 353 thousand barrels per day." .

According to the table, “the amount of American imports of crude oil, from Brazil, was at a rate of 338 thousand barrels per day, from Nigeria at a rate of 81 thousand barrels per day & from Ecuador at a rate of 72 thousand barrels per day.”  While it did not import any quantity from Libya or Russia.

[Luigi1]

 The Joint Meeting Between Baghdad And Washington To Discuss The Future Of The Alliance Ended Without Announcing The Details.    

 

She pointed out that “amending the Sufi Agreement (SFA), known as the Framework, was the most prominent thing that was proposed, as well as the details of the military presence of the international coalition & military cooperation.”

 

 

LUIGI'S OPINE:

The OBiden Administration may not honor the E.O. 13303, SFA (The Framework) & so why should Iraq honor it?

 

This action could kill the RV-RI agreement & the Bush "war will pay for itself". 

If so, the taxpayers will be on the hook for the costs of the entire war.

 

China & Russia could take charge of the RV-RI process leaving the US completely cut off.

 

We must prepare ourselves for any & all kinds of possibilities when it comes to this RV-RI.   IMHO.

[Luigi1]

Here's another article related to the above...moving towards a market economy...

 

 

Militia Man:                  Moving Towards A Market Economy.

ARTICLE:   Iraq is moving towards going into a market economy…it’s quite obvious…Tensions are the trade lines between Egypt and Jordan because of the Red Sea.  There’s been some chaos going on with different factions disrupting trade…Iraq’s Development Road Project Article quote: “Iraq supports an alternative to the international transport lines that deliver good from the East to the West.”  Everything’s coinciding at this time with the major international transport companies coming into play…

[edbeach]

Lupgi   So if the US does not honor the 13303 and Iraqi would do the same. Does that mean our dinar will them be completely worthless paper. Then is thing we can do is burn this worthless dinar to stay warm for few hours

[Luigi1]

1 hour ago, edbeach said:

Lupgi   So if the US does not honor the 13303 and Iraqi would do the same. Does that mean our dinar will them be completely worthless paper. Then is thing we can do is burn this worthless dinar to stay warm for few hours

 

The IQD will not be worthless...it will always have some value, even if the value we paid for it pre-RV.

 

The article suggest the US may lose it's grip on the RV-RI process.

China & Russia influences are on the rise in Iraq while US influence is on the decrease.

There are many articles out this past week about a wave of anti-Americanism in Iraq.

Iraq is turning towards BRICS.   IMHO.

[cranman]

It's always been a speculation that the currency would rise in value.

 

Let's watch what they do and not what they say. 

 I say they need to pay for us to leave.

[Luigi1]

12 minutes ago, cranman said:

It's always been a speculation that the currency would rise in value.

 

Let's watch what they do and not what they say. 

 I say they need to pay for us to leave.

 

Iraq must pay...Iraq will pay...here's why...

-US holds $100 Billion in Iraq assets in US banks.

-Iraq owes the West under the Paris Agreement in exchange for wiping out it's debts owed to   the West.

-E.O. 13303 can & will be challenged by the World Court.  It may take years to settle, if not     decades but justice will be served.  We may all be dead & gone but at least our children can     benefit.   IMHO.

[JonnyV]

11 minutes ago, Luigi1 said:

 

Iraq must pay...Iraq will pay...here's why...

-US holds $100 Billion in Iraq assets in US banks.

-Iraq owes the West under the Paris Agreement in exchange for wiping out it's debts owed to   the West.

-E.O. 13303 can & will be challenged by the World Court.  It may take years to settle, if not     decades but justice will be served.  We may all be dead & gone but at least our children can     benefit.   IMHO.

 

Yes, this was always the case.  But, be careful with your words, it won’t take years. 

[edbeach]

Luigi1 Thanks for the information I hope what you say is correct that we will still get something out of this worthless toilet paper of Iraq. Just have to wait & see what happens.

[NWGUY]

We must prepare ourselves for any & all kinds of possibilities when it comes to this RV-RI.   IMHO.

 

I actually am prepared to lose.   I invested what I could comfortably afford to lose, but I still have confidence that we will win this!  Iraq has a lot of tricks up their sleeves, and they have been using a lot of them so far.  I am patient, and like I said...at this point I have nothing to lose but the small investment I made over 14 years ago.  My dinars are living a comfortable life in my safety deposit box, until Iraq revalues their currency, or my dinars become worthless.  I am ready for either one!   Go RV!   

[rvmydinar]

13 hours ago, NWGUY said:

I actually am prepared to lose.

I still prefer it will pop at 5 cents and run to the bank and never look back than lose and make no profit.

[screwball]

On 2/13/2024 at 4:46 AM, cranman said:

It's always been a speculation that the currency would rise in value.

 

Let's watch what they do and not what they say. 

 I say they need to pay for us to leave.

A lot of what they say is propaganda…I ignore most just wait for the day! 

[screwball]

14 hours ago, NWGUY said:

My dinars are living a comfortable life in my safety deposit box, until Iraq revalues their currency, or my dinars become worthless.  I am ready for either one!   Go RV!   

💯👏

[screwball]

All or nothing…

On 2/13/2024 at 2:53 AM, Luigi1 said:

The OBiden Administration may not honor the E.O. 13303, SFA (The Framework) & so why should Iraq honor it?

That’s if you believe Biden is in charge of the armed forces?I do not…he controls some but not all and he certainly doesn’t control the football!

[screwball]

Trump will want the troops out…he wants the money and the cost of the war to be repaid….he will be in soon enough and will end the wars! 

[NMP2017]

1 hour ago, screwball said:

All or nothing…

That’s if you believe Biden is in charge of the armed forces?I do not…he controls some but not all and he certainly doesn’t control the football!

biden ain't running or in charge of anything...he is a puppet on strings...

[Luigi1]

On 2/12/2024 at 12:43 PM, Luigi1 said:

1 hour ago, NMP2017 said:

biden ain't running or in charge of anything...he is a puppet on strings...

 

 

Yup.  OBiden is controlled by Obama, Susan Rice & Jill Biden.

[md11fr8dawg]

13 minutes ago, Luigi1 said:

 

Yup.  OBiden is controlled by Obama, Susan Rice & Jill Biden.

Soros, Bilderbergs, Rothschilds Gates et.al, you know the world elite cabal who want the destruction of this country as bad as they want air to breathe!!

[NMP2017]

1 hour ago, Luigi1 said:

 

Yup.  OBiden is controlled by Obama, Susan Rice & Jill Biden.

Susan Rice? Ok why her I don't understand...the others yes and add in those in md11fr8dawg's post

[davis411]

On 2/12/2024 at 1:18 PM, JonnyV said:

We may all be dead & gone

Well that’s a positive thought 

[Shedagal]

3 hours ago, md11fr8dawg said:

Soros, Bilderbergs, Rothschilds Gates et.al, you know the world elite cabal who want the destruction of this country as bad as they want air to breathe!!

They have been defunded.

[md11fr8dawg]

And who defunded them? They have the majority of the world's wealth.

[Shedagal]

4 hours ago, md11fr8dawg said:

And who defunded them? They have the majority of the world's wealth.

Watch the last few minutes of this video.  She explains how the Queen and the Pope were advised they were being bankrupted.  The others were taken down, too.

[md11fr8dawg]

Then why is the same BS happening continuously in our country if these people are no longer "players"?

[Shedagal]

Ah, @skeetdog , quit crushing on me lol.