HOT: Alaq Interogated Over Lack Of Control Of The Dinar Agaist The Dollar.

[Luigi1]

Here's some articles of Dinarian interests...

Treat as rumors.  Not verified.  Your opine.

 

 

Economic Advisor:            Mismanagement & Politics Negatively Affected The Value Of The Iraqi Dinar Against The Dollar.

ARTICLE:  Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that  mismanagement & policy have negatively affected the value of the Iraqi Dinar against the Dollar.
 
Balshan said in an interview with the Maalouma Agency that "the current political mismanagement has negatively affected the value of the Iraqi Dinar against the Dollar, making prices fluctuating & unstable in Iraq."  He stated, "Until this moment, no person specialized in the field of currencies & banking has been chosen to manage the CBI well," pointing out that all those who are chosen follow certain political blocs.

 

 

He added, "When the CBI puts the Dollar up for sale, we notice that citizens are far from the issue & the sale is limited to some companies & banks."  He pointed out that "the Iraqi money that comes from selling oil does not go to the Iraqi government directly, but rather to the US Federal Bank, which is the one who deals with these matters."

 

He continued: "The political disputes & crises the lack of good distribution of wealth & the lack of real investment are what led to the deterioration of the Iraqi Dinar against the Dollar." 

 

-Iraq Needs To Address Financing Problems.

Economic circles explained that the reason for the decline in the expansion of projects inside Iraq lies in the financing for these projects, which represent the cornerstone for the development of the service & production economic sectors in the country & indicated that  the paths to revitalizing financing require that we have elements that attract foreign capital to Iraq, which is an important labor market for many.

 

Of int'l companies, especially after the development path began to appear on the horizon & its 1st steps began from the port of Al-Faw.

 

Member Of The Businessmen Union Dr. Murtada Al-Khafaji told "Al-Sabah"

Iraq needs capital that can be employed in Iraq & achieve a major benefit for Iraq & for the global partner who brings its capital & the advanced technology it possesses.

 

 Al-Khafaji added that the  lack of funding represents an obstacle to developing economic performance, pointing out that Iraq’s need requires more than 200 billion to begin serious work on building development projects in all regions of Iraq & creating a work cell of great benefit to Iraq & the global market, especially since the reality of Iraq matters to many people.

 

-Specialized Int'l Companies With Capital & Advanced Technology Are Aware Of Iraq's Weight On The Global Economy.

In turn, member of the Baghdad Economic Forum, Jassem Al-Aradi, pointed out the  inevitability of activating the real economic sectors that represent the focus of addressing the chronic economic problems in Iraq & which contribute to achieving a real multiplicity of financial revenues.

 

He said:  The economic reality in Iraq requires serious work to attract specialized investments to the Iraqi field of work, which requires the presence of solid companies capable of bringing technology & production lines that move the Iraqi economy to a new stage.

 

He stressed that  financing problems in Iraq are addressed through the local & international private sector, which has the executive capabilities & here we must work carefully & carefully to communicate with the targeted companies that can within the promising Iraqi market.

 

It is noteworthy that  economic experts have stressed on more than one occasion to overcome these limitations by providing funding sources & the importance of providing a specialized economic vision that is compatible with investment, which demands the availability of an investment environment that guarantees its rights, pointing out the necessity of benefiting from global openness towards Iraq & the presence of international delegations at their various governmental & informal levels. Especially those who expressed a desire to work inside 

 

-Parliamentary Finance Reveals A Move To Question The Gov Of The CBI: We Are Working To Change It.

Member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Sunday a move within the committee and the House of Representatives to question the Gov of the CBI, Ali Al-Alaq, due to the lack of control over the stability of the Dollar price & the dominance of private banks over the currency selling window.  Nouri told Shafaq News Agency,
 
 “There is a move within the Parliamentary Finance Committee & the House of Representatives to interrogate the Gov of the CBI, Ali Al-Alaq, because there are many files, most notably the bank’s lack of control over the stability of the Dollar ER in the market.”

 

He pointed out that "the other reason that is considered one of the reasons for questioning the CBI Go is the dominance of some private banks owned by foreign nationalities over the window for buying & selling currency & foreign transfers."

 

Nouri stated,   “There are other works that we are doing through letters and official correspondence to change the governor of the CBI because he is over the legal age & continues in the position while he must be referred for retirement.”
 
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request had been submitted to the Presidency of the House of Representatives to set a date for questioning the Gov of the CBI regarding several files, most notably the ER of the Dollar against the local currency.

 

Al-Karaawi Told Shafaq News Agency.
 “Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to interrogate the Gov of the CBI, Ali Al-Alaq.”

 

He added,  "The interrogation concerns several files, the most important of which are the dollar exchange rate & its sale to travelers, the currency buying & selling window, financial transfers abroad, monetary financing, American sanctions & negotiations with the American Federal Bank."
 
It is noteworthy that, on August 19, the Supreme Judicial Council of Iraq supported the findings of the State Council regarding referring the Gov of the CBI, Ali Al-Alaq, to retirement after reaching the legal age.
 
The Supreme Judicial Council said in an official document received by Shafaq News Agency, that the same subject was studied by the study committee at the presidency of the Judicial Supervision Authority & the same opinion was reached by the State Council in the two aforementioned decisions.
 
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion regarding the permissibility of the bank governor continuing to serve after reaching the legal age for retirement.
 
The State Council decided the official position on whether or not the Gov of the CBI, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.

 

The State Council decided the official position on whether or not the Gov of the CBI, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.
 
It was stated in correspondence between the State Council & Parliament, that in response to the House of Representatives’ clarification of the opinion from the State Council regarding the permissibility of the Gov of the CBI continuing to serve after reaching the legal age for retirement.

 

He pointed out that the legislator has explicitly stipulated that referral to retirement upon reaching the legal age is an inevitable referral by law unless excluded by a special text & since there is no special text that excludes the Gov of the CBI from the provisions of the inevitable referral to retirement upon reaching the legal age.
 
The State Council confirmed that the legal principle stipulates: “Heads of independent bodies are subject to the legal age for retirement.”    

 

-The Association Of Banks Is Considering Granting Privileges To Electronic Card Users.

 The advisor to the Association of Private Banks, Abdul Rahman Al-Sheikhli, revealed intentions to  grant some privileges such as gifts or competitions & a reduction in payment fees {currencies} to encourage the acquisition of an electronic card.  

 

Al-Sheikhli said {to Al-Furat News} that:   “The government program emphasized the necessity of economic and financial reform in the country & the measures taken in this regard are continuing,” stressing “the necessity of   expanding banking awareness campaigns & making citizens aware of the importance of working with banks &  circulating money through banking channels to ensure that it does not go abroad.”

 

He added,  "The country is witnessing a revolution in the field of banking technologies & electronic payment & all citizens are supposed to have a bank account that can be dealt with through a mobile phone or any other means." 

 

Al-Sheikhli explained,  "Some citizens still prefer to deal with direct cash, but there are intentions to grant some privileges such as gifts or competitions & a reduction in payment fees (currencies) to encourage the acquisition of an electronic card."   

 

 

[BETTYBOOP]

They already questioned him about most of this. I smell a witch hunt. Clearly the dinar is not moving fast enough for some. Clearly some people don't have a grasp of monetary policy. 

clearly some don't want it to move at all. 

 

[Luigi1]

7 minutes ago, BETTYBOOP said:

They already questioned him about most of this. I smell a witch hunt. Clearly the dinar is not moving fast enough for some. Clearly some people don't have a grasp of monetary policy. 

clearly some don't want it to move at all. 

 

 

I've been saying this for over a year...the RV process has gone political.

 

Iran & PTB don't want this RV-RI...there's too much money to be made off of the USD auctions.

 

The UST, BIS, Paris Club, HSBC & Cabal have their hands in this as well.

 

There are those that want to lock out the small people (us) from the RV to get a higher ER for themselves.

 

Power & greed runs the world...Maybe Trump will do the right thing for the People.

Go RV.    IMHO.

[BETTYBOOP]

Just read the latest goat newsletter. She speaks of the auctions going at the end of the year and how after this happens they need to fv around the same time or very soon after . She says the aim is early January 2025. 

At the minute she is more reliable than any the rest of these gurus.

[Luigi1]

3 minutes ago, BETTYBOOP said:

Just read the latest goat newsletter. She speaks of the auctions going at the end of the year and how after this happens they need to fv around the same time or very soon after . She says the aim is early January 2025. 

At the minute she is more reliable than any the rest of these gurus.

 

Mnt Goat, Breitling & BLC are not real Gurus...they are more like Iraqi news & RV commentators.    Go RV.

[Dinarrock]

1 hour ago, BETTYBOOP said:

Just read the latest goat newsletter. She speaks of the auctions going at the end of the year and how after this happens they need to fv around the same time or very soon after . She says the aim is early January 2025. 

At the minute she is more reliable than any the rest of these gurus.

Plus the articles have stated the auctions will end in December and I too believe once the auctions end they must RV fairly quickly!

[edbeach]

2 hours ago, Luigi1 said:

Here's some articles of Dinarian interests...

Treat as rumors.  Not verified.  Your opine.

 

 

Economic Advisor:            Mismanagement & Politics Negatively Affected The Value Of The Iraqi Dinar Against The Dollar.

ARTICLE:  Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that  mismanagement & policy have negatively affected the value of the Iraqi Dinar against the Dollar.
 
Balshan said in an interview with the Maalouma Agency that "the current political mismanagement has negatively affected the value of the Iraqi Dinar against the Dollar, making prices fluctuating & unstable in Iraq."  He stated, "Until this moment, no person specialized in the field of currencies & banking has been chosen to manage the CBI well," pointing out that all those who are chosen follow certain political blocs.

 

 

He added, "When the CBI puts the Dollar up for sale, we notice that citizens are far from the issue & the sale is limited to some companies & banks."  He pointed out that "the Iraqi money that comes from selling oil does not go to the Iraqi government directly, but rather to the US Federal Bank, which is the one who deals with these matters."

 

He continued: "The political disputes & crises the lack of good distribution of wealth & the lack of real investment are what led to the deterioration of the Iraqi Dinar against the Dollar." 

 

-Iraq Needs To Address Financing Problems.

Economic circles explained that the reason for the decline in the expansion of projects inside Iraq lies in the financing for these projects, which represent the cornerstone for the development of the service & production economic sectors in the country & indicated that  the paths to revitalizing financing require that we have elements that attract foreign capital to Iraq, which is an important labor market for many.

 

Of int'l companies, especially after the development path began to appear on the horizon & its 1st steps began from the port of Al-Faw.

 

Member Of The Businessmen Union Dr. Murtada Al-Khafaji told "Al-Sabah"

Iraq needs capital that can be employed in Iraq & achieve a major benefit for Iraq & for the global partner who brings its capital & the advanced technology it possesses.

 

 Al-Khafaji added that the  lack of funding represents an obstacle to developing economic performance, pointing out that Iraq’s need requires more than 200 billion to begin serious work on building development projects in all regions of Iraq & creating a work cell of great benefit to Iraq & the global market, especially since the reality of Iraq matters to many people.

 

-Specialized Int'l Companies With Capital & Advanced Technology Are Aware Of Iraq's Weight On The Global Economy.

In turn, member of the Baghdad Economic Forum, Jassem Al-Aradi, pointed out the  inevitability of activating the real economic sectors that represent the focus of addressing the chronic economic problems in Iraq & which contribute to achieving a real multiplicity of financial revenues.

 

He said:  The economic reality in Iraq requires serious work to attract specialized investments to the Iraqi field of work, which requires the presence of solid companies capable of bringing technology & production lines that move the Iraqi economy to a new stage.

 

He stressed that  financing problems in Iraq are addressed through the local & international private sector, which has the executive capabilities & here we must work carefully & carefully to communicate with the targeted companies that can within the promising Iraqi market.

 

It is noteworthy that  economic experts have stressed on more than one occasion to overcome these limitations by providing funding sources & the importance of providing a specialized economic vision that is compatible with investment, which demands the availability of an investment environment that guarantees its rights, pointing out the necessity of benefiting from global openness towards Iraq & the presence of international delegations at their various governmental & informal levels. Especially those who expressed a desire to work inside 

 

-Parliamentary Finance Reveals A Move To Question The Gov Of The CBI: We Are Working To Change It.

Member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Sunday a move within the committee and the House of Representatives to question the Gov of the CBI, Ali Al-Alaq, due to the lack of control over the stability of the Dollar price & the dominance of private banks over the currency selling window.  Nouri told Shafaq News Agency,
 
 “There is a move within the Parliamentary Finance Committee & the House of Representatives to interrogate the Gov of the CBI, Ali Al-Alaq, because there are many files, most notably the bank’s lack of control over the stability of the Dollar ER in the market.”

 

He pointed out that "the other reason that is considered one of the reasons for questioning the CBI Go is the dominance of some private banks owned by foreign nationalities over the window for buying & selling currency & foreign transfers."

 

Nouri stated,   “There are other works that we are doing through letters and official correspondence to change the governor of the CBI because he is over the legal age & continues in the position while he must be referred for retirement.”
 
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request had been submitted to the Presidency of the House of Representatives to set a date for questioning the Gov of the CBI regarding several files, most notably the ER of the Dollar against the local currency.

 

Al-Karaawi Told Shafaq News Agency.
 “Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to interrogate the Gov of the CBI, Ali Al-Alaq.”

 

He added,  "The interrogation concerns several files, the most important of which are the dollar exchange rate & its sale to travelers, the currency buying & selling window, financial transfers abroad, monetary financing, American sanctions & negotiations with the American Federal Bank."
 
It is noteworthy that, on August 19, the Supreme Judicial Council of Iraq supported the findings of the State Council regarding referring the Gov of the CBI, Ali Al-Alaq, to retirement after reaching the legal age.
 
The Supreme Judicial Council said in an official document received by Shafaq News Agency, that the same subject was studied by the study committee at the presidency of the Judicial Supervision Authority & the same opinion was reached by the State Council in the two aforementioned decisions.
 
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion regarding the permissibility of the bank governor continuing to serve after reaching the legal age for retirement.
 
The State Council decided the official position on whether or not the Gov of the CBI, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.

 

The State Council decided the official position on whether or not the Gov of the CBI, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.
 
It was stated in correspondence between the State Council & Parliament, that in response to the House of Representatives’ clarification of the opinion from the State Council regarding the permissibility of the Gov of the CBI continuing to serve after reaching the legal age for retirement.

 

He pointed out that the legislator has explicitly stipulated that referral to retirement upon reaching the legal age is an inevitable referral by law unless excluded by a special text & since there is no special text that excludes the Gov of the CBI from the provisions of the inevitable referral to retirement upon reaching the legal age.
 
The State Council confirmed that the legal principle stipulates: “Heads of independent bodies are subject to the legal age for retirement.”    

 

-The Association Of Banks Is Considering Granting Privileges To Electronic Card Users.

 The advisor to the Association of Private Banks, Abdul Rahman Al-Sheikhli, revealed intentions to  grant some privileges such as gifts or competitions & a reduction in payment fees {currencies} to encourage the acquisition of an electronic card.  

 

Al-Sheikhli said {to Al-Furat News} that:   “The government program emphasized the necessity of economic and financial reform in the country & the measures taken in this regard are continuing,” stressing “the necessity of   expanding banking awareness campaigns & making citizens aware of the importance of working with banks &  circulating money through banking channels to ensure that it does not go abroad.”

 

He added,  "The country is witnessing a revolution in the field of banking technologies & electronic payment & all citizens are supposed to have a bank account that can be dealt with through a mobile phone or any other means." 

 

Al-Sheikhli explained,  "Some citizens still prefer to deal with direct cash, but there are intentions to grant some privileges such as gifts or competitions & a reduction in payment fees (currencies) to encourage the acquisition of an electronic card."   

 

 

This article states that Iraq needs over 200 Billion for starting projects well then start the damn RV/RI and you will get your 200 Billion plus another 200 Billion rather than screw around with just talk - talk-talk  for the last10 plus years. As far as the CBI governor you all know he is corrupt and an puppet for Maliki and Iran. Do something about firing him instead of fartening  aound with him

 

Bettyboop do you have a new article you are able to post from Mtg Goat today. Thanks anyway

[Luigi1]

13 minutes ago, Dinarrock said:

Plus the articles have stated the auctions will end in December and I too believe once the auctions end they must RV fairly quickly!

 

Everything is pointing towards the 1st of the year.  Go RV.

[Luigi1]

2 minutes ago, edbeach said:

This article states that Iraq needs over 200 Billion for starting projects well then start the damn RV/RI and you will get your 200 Billion plus another 200 Billion rather than screw around with just talk - talk-talk  for the last10 plus years. As far as the CBI governor you all know he is corrupt and an puppet for Maliki and Iran. Do something about firing him instead of fartening  aound with him

 

Bettyboop do you have a new article you are able to post from Mtg Goat today. Thanks anyway

 

Maliki & Iran like the auctions to continue.

There's too much money to be made.

In the meanwhile...The Iraqi People suffers through the costs of everything & no jobs.

[edbeach]

Luigi You are 100% correct neither Maliki nor Iran wants Iraq to be successful but by RV/RI both Iran & Maliki are holding billions of dinars and they would make Billions of dollars as result of RV/RI 

[BETTYBOOP]

O don't think it will rv on the first January. I do however, agree if they stop traction they need to rv very quickly. I think it will be after the senate / house confirm Donald trump as the new president then it will move quickly.

[BETTYBOOP]

Bettyboop do you have a new article you are able to post from Mtg Goat today. Thanks anyway

 @edbeach her latest newsletter is published on her site. I have nothing new but I would agree with her before the rest of them.. Thanks

[dinarham]

The DFI is still in effect. Trump will terminate it.

[ScaryMary]

We know the auctions end 12/31/2024. So hopefully RV/RI within in the first quarter of 2025. Besides what does ole potatohead need, a solid golden arm with a moveable pointer finger in every bathroom of every house to pick his nose for him? I guess those cost a lot, so he must steal more…

[NMP2017]

6 hours ago, BETTYBOOP said:

Just read the latest goat newsletter. She speaks of the auctions going at the end of the year and how after this happens they need to fv around the same time or very soon after . She says the aim is early January 2025. 

At the minute she is more reliable than any the rest of these gurus.

they say "the end of the year/start of January" pretty much EVERY FREAKIN YEAR! Then continue having the auctions...their words can't be trusted...

[cutter73]

5 hours ago, BETTYBOOP said:

O don't think it will rv on the first January. I do however, agree if they stop traction they need to rv very quickly. I think it will be after the senate / house confirm Donald trump as the new president then it will move quickly.

I've been saying around inauguration, shortly after.  I think it's looking good...🙏🏻😊

[currenzcraze]

7 hours ago, Luigi1 said:

 

Maliki & Iran like the auctions to continue.

There's too much money to be made.

In the meanwhile...The Iraqi People suffers through the costs of everything & no jobs.

You control the money, you control the people.