Monday Early Morning Opinions - 8:55 AM MST - 3/17/2025

[ronscarpa]

REMEMBER, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take  everything with a grain of salt ...  RON 

 

 

3-16-2025   Clare  Article Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...there is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance, indicating that the Ministry of Finance's revenues are based in dollars through Iraqi oil sales in the global market. Al-Alaq stressed that the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances, calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq."

 

 

3-17-2025   MarkZ   From Iraq Article: “Will the Coordination Framework collapse in the face of a potential Sadr/Sudanese alliance?”  This is actually a good thing for us. These were two blocs that did not work together before…but now they are working together. What are they working towards? They want to make the political system in Iraq work much better. And they are removing the influence of Iran and Maliki. We are seeing things they have been talking about for 20 years happening now.

 

3-17-2025  Tishwash  Article: "To reduce speculation, a Sudanese advisor reveals a new monetary strategy"  Quotes:  "this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy.";  "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."

 

 

[umbertino]

Quote

Tishwash  Article: "To reduce speculation, a Sudanese advisor reveals a new monetary strategy"

End Quote

 

A Sudanese advisor....Meaning I'd guess a Sudani advisor...Even though literally "Sudanese" means something or someone from Sudan, Africa.....

[Luigi1]

Clare  Article Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...there is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance, indicating that the Ministry of Finance's revenues are based in dollars through Iraqi oil sales in the global market. Al-Alaq stressed that the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances, calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq."

 

 

Yet another prime example of why Iraq must get off of the oil-based economy & diversify & its dependence on the Dollar.   IMHO.