Will the exchange rate reach 1600 dinars?
Economic expert, Munar Al-Abidi, confirmed that the dollar exchange rate in the parallel market may reach 1,600 dinars in the coming days after the Central Bank reduced the money supply.
Al-Obaidi said that the parallel exchange rate in the local market changes as a result of supply and demand, noting that it is expected that the value of the dinar will decrease against the dollar in the coming days and
reach the 1,600 dinar barrier.
The video for this blogpost is below here:
He added that the reduction in the sale of cash dollars in the local market by the Central Bank is the main factor behind the rise in the value of the dollar, and the price will depend on the provision of hard currency from sources other than the Central Bank, which are very limited and almost non-existent sources.
The Central Bank decided to prevent exchange companies from giving dollars to travelers at their headquarters, but rather limited them to airports only, with the aim of preventing them from being exploited by some parties.
Iranian Ambassador after Meeting Barzani: Our Relationship with the Region is Deep-rooted and Growing
Iranian Ambassador to Iraq Mohammad Kazem Al-Sadig met with Kurdistan Democratic Party (KDP) leader Massoud Barzani in Baghdad on Thursday. Sadig tweeted that Iran’s relations with the Kurdistan Region are old, deep-rooted and growing.
“Today I met with Masoud Barzani in Baghdad and discussed issues of mutual concern and ways to improve bilateral relations,” Sadiq tweeted. “Security and trade are pillars of regional development and the main priority in the relations between the two sides,” he added.
The meeting was part of the agenda of Massoud Barzani's visit to Baghdad, which began yesterday, Wednesday, and is scheduled to end on Thursday night. It included a series of meetings, discussions and talks with political and diplomatic parties in Baghdad.
“Last Chance” .. Masoud Barzani conveyed an American message to the Sudanese government and the factions
Political researcher, Muhammad Na'na', revealed today, Thursday, an American message conveyed by the head of the Kurdistan Democratic Party, Masoud Barzani, to the Sudanese government and the factions during his visit to Baghdad.
Naanaa told Al-Jarida, “The purpose of the visit is clear, as evidenced by the factions’ acceptance of the visit and the celebration of Masoud Barzani, who carried the message of the last chance for this regime before it turns into a defunct regime, as in the past, at the hands of the international will.”
He explained that "Massoud Barzani carried the message that Masrour Barzani conveyed to him after his last visit to the United States of America, informing him that the ruling regime in Baghdad was given the opportunity to form the Sudanese government, but it is not moving in the right direction, so he conveyed to them the message of the last chance, especially to the factions."
“Therefore, the factions gathered around Masoud Barzani and did not oppose or criticize his visit, because it is a rescue for their regime by maintaining the framework of consensus. I believe that the factions understood this message and will try to calm things down on all levels, and the upcoming Iranian calm will help them in choosing a reformist president and not choosing a president from the Revolutionary Guard or from the office of the Supreme Leader. Therefore, there is an impression that this regime is breathing its last breaths and Barzani’s visit has revived it.”
Government source announces the amount of debts collected for the benefit of the Trade Bank of Iraq
A government source announced, today, Thursday, the amount of debts collected in favor of the Trade Bank of Iraq.
The source told the Iraqi News Agency (INA) that "within the framework of the government's efforts in the field of financial and administrative reform of the government banking sector, and based on the directives and continuous follow-up of the Prime Minister to restructure the due diwan (government and private sector) that benefit the Trade Bank of Iraq (TBI), the following results have been achieved during the past period of the government's life: 1. The total debts collected and owed by the government sector, including the balances of the Kurdistan Region and paid to the Trade Bank of Iraq until 6/30/2024, amounted to approximately one trillion and 630 billion Iraqi dinars."
He added, "2. The total debts collected and owed by the private sector and paid to the Trade Bank of Iraq until 6/30/2024 amounted to approximately three hundred and forty-eight billion Iraqi dinars. 3. The total amounts collected to the Ministry of Finance's account IRAQ2, which represent balances of expired and canceled credits, amounted to approximately fifty-three million dollars."
He added, "Work is ongoing to settle other debts in this area, in coordination with the entities issuing these credits."
The Central Bank in Erbil debunks fears and speculations about the localization of salaries in the region
The Director of the Central Bank branch in Erbil, Kazem Namiq, confirmed today, Friday (July 5, 2024), that the bank is the one supervising the process of localizing salaries in the region, and not any other party .
Namiq said in an interview with "Baghdad Today" that "the Central Bank of Iraq is the one supervising the process of localizing salaries for all banks in all governorates and institutions, including the Kurdistan Region ."
He added, "The Central Bank relies on the decisions of the Federal Cabinet, Decision No. 313 of 2016, and Decision No. 281 of 2017, in implementing this decision."
There are major concerns, objections and problems regarding the issue of localizing salaries of Kurdistan Region employees and the possibility of the regional government intervening and benefiting from it, especially with the recent clarification issued by the Federal Supreme Court, which confirmed that its decision regarding localization includes all banks licensed by the Central Bank operating in the Kurdistan Region.
Resolution No. (313) of 2016 stipulates the implementation of the project to localize employees’ salaries and receive them through the electronic card issued by the bank, while Resolution No. 281 of 2017 stipulates that the employee may choose a bank from among the banks approved by the Central Bank of Iraq in the process of localizing salaries to open a bank account in preparation for receiving his salary through the account electronically using a bank card.
Advisor to the Prime Minister: Government programs to support digital transformation and artificial intelligence
Head of the Riyada Team and Advisor to the Prime Minister, Hussein Flamers, confirmed today, Friday, that the government is proceeding with its programs to support digital transformation and artificial intelligence, while revealing a project that includes deploying smart systems to manage water, eliminate pollution, and reduce the salt tongue.
Flamers told the Iraqi News Agency (INA): "The government program was keen on digital transformation and one of the trends supporting this matter is artificial intelligence, and the government has implemented practical steps."
He added, "Among these steps are implementing qualitative, awareness-raising and executive measures. For example, the qualitative ones were named robotics and artificial intelligence clubs in Baghdad through three centers within the Youth and Sports Forums. These three clubs work to train 200 young men and women annually."
He continued, "These centers will be open to attract young people who have capabilities in artificial intelligence to support them, in addition to the work of the national team formed by the Prime Minister in cooperation with the National Security Service to use artificial intelligence as a mechanism, information and a program for community education at the level of government institutions."
Flamers stressed, "There is also a very important project to manage water resources and eliminate pollution by installing smart systems on both sides of the Tigris and Euphrates rivers to clean the water and reduce the salt tongue."
How much is Iraq's loan from the IMF?
The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that zeroing out the debts to the International Monetary Fund reflects Iraq's high and solid creditworthiness, while indicating that Iraq is in the process of paying off long-term development loans to the World Bank.
Saleh told the Iraqi News Agency (INA): "Iraq has entered into about 5 programs with the International Monetary Fund since 2004 until the end of 2018, including 3 credit readiness programs, and all of them were characterized by providing loans whose function is to support the state of stability and economic reform in Iraq in two directions. The first: loan programs, as Iraq received loans from the International Monetary Fund to help it overcome economic crises, as these loans included supporting the general budget and financing economic stability programs, especially during the war on ISIS terrorism."
He added: "As for the other trend: in the field of economic reforms, the International Monetary Fund usually requires countries that receive loans to implement certain economic reforms. In the case of Iraq, these reforms included improving the management of public finances and the banking sector, enhancing transparency, combating corruption, and reforming the energy sector."
He pointed out that "these loans did not exceed $5 billion per loan, and the actual withdrawal from them would not exceed $3 billion or more in each case, and according to a repayment program that takes place every 6 months with grace periods of two years before repayment with a moderate annual interest, which usually does not exceed 4.5%, and the terms of these loans do not exceed five years."
He pointed out that "Iraq has paid off the loans that were withdrawn during the last twenty years according to regular payment mechanisms and are close to zeroing out, unless they are all zeroed out today, which reflects the high and solid creditworthiness of the Republic of Iraq in repayment before the international financial community in particular and towards multilateral international financial organizations in general."
He continued: "But certainly there are long-term development loans from the World Bank that are still in place, which is another development financial organization, and amount to a few billion and are in the process of being repaid, and some of them are still in the process of being committed to being withdrawn to be spent on completing development projects contracted with the World Bank, and they are also long-term soft loans."
He stressed that "cooperation relations continue between Iraq and the International Monetary Fund in various fields, including providing technical advice and supporting economic policies," noting that "the relationship between Iraq, the International Monetary Fund and the World Bank is important for achieving economic stability and sustainable development in the country."
Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that zeroing out the debts to the International Monetary Fund reflects Iraq's high and solid creditworthiness, while indicating that Iraq is in the process of paying off long-term development loans to the World Bank.
Saleh told the Iraqi News Agency (INA): "Iraq has entered into about 5 programs with the International Monetary Fund since 2004 until the end of 2018, including 3 credit readiness programs, and all of them were characterized by providing loans whose function was to support the state of stability and economic reform in Iraq in two directions. The first: loan programs, as Iraq received loans from the International Monetary Fund to help it overcome economic crises, as these loans included supporting the general budget and financing economic stability programs, especially during the war on ISIS terrorism."
He added: "As for the other direction: in the field of economic reforms, as the International Monetary Fund usually stipulates that countries that receive loans implement certain economic reforms. In the case of Iraq, these reforms included improving the management of public finances and the banking sector, enhancing transparency, combating corruption, and reforming the energy sector."
He pointed out that "these loans did not exceed $5 billion per loan, and the actual withdrawal from them will not exceed $3 billion or more in each case, and according to a repayment program that takes place every 6 months with grace periods of two years before repayment with a moderate annual interest that usually does not exceed 4.5%, and the terms of these loans do not exceed five years."
He pointed out that "Iraq has repaid the loans that were withdrawn during the past twenty years according to regular payment mechanisms and are close to zeroing out unless they are all zeroed out today, which reflects the high and solid creditworthiness of the Republic of Iraq in repayment before the international financial community in particular and towards multilateral international financial organizations in general."
He continued: "But certainly there are long-term development loans that belong to the World Bank that are still in place, which is another development financial organization, and are worth a few billion and are in the process of repayment, and some of them are still in the process of committing to withdrawing them to spend them on completing development projects contracted with the World Bank, and they are also long-term soft loans."
He stressed that "cooperation relations continue between Iraq and the International Monetary Fund in various fields, including providing technical advice and supporting economic policies," noting that "the relationship between Iraq, the International Monetary Fund and the World Bank is important for achieving economic stability and sustainable development in the country."
He pointed out that "Iraq has been a founding member of the International Monetary Fund and the World Bank since 1945."
The Iraqi Private Sector and Improving the Investment Environment in the National Development Plan 2024-2028
uring the past three months, the Ministry of Planning and the specialized work teams have made efforts to prepare and prepare the National Development Plan 2024-2028, the draft ofD which addressed in detail the main challenges facing the Iraqi private sector and the main objectives aimed at achieving its effective contribution to improving the investment environment.
This means involving the private sector in a greater role in economic decision-making and leading the market institutionally and legislatively through the following:
Development Council and start its work under the chairmanship of the Prime Minister, enacting a special law for it and forming a joint advisory council from the government and private sectors linked to the council that includes experts from the various economic sectors nominated by the council members and provides its advice and works according to a special system approved by the council.
the percentage of resources other than oil in the gross domestic product, by activating the real economy and diversifying sources of national income.
US messages to Iraqi leaders: Dollar cash flow may stop
Prominent Kurdish politician, Masoud Barzani, sent messages to Iraqi political leaders, stating that the entry of some factions into the Israeli-Iranian conflict may prevent the flow of cash dollars into Iraq.
Politician Mishaan Al-Jubouri said that Barzani informed the leaders of the Coordination Framework that the American siege will be imposed on Iraq if Washington's interests are attacked.
He added that Barani also informed the leaders of the Coordination Framework that America can stop the flow of dollars to Iraq and cause harm to the country, but Iraq is unable to cause any harm to America.
Sudanese congratulates Iranian president-elect
Prime Minister Mohammed Shia al-Sudani stressed, today, Saturday, the importance of continuing coordination between Iraq and Iran at the highest levels and in all fields.
The Prime Minister's Media Office stated in a statement that "Prime Minister Mohammed Shia al-Sudani congratulated Masoud Pezeshkian on his election as President of the Islamic Republic of Iran."
In a telegram sent to Pezeshkian, according to the statement, the Prime Minister expressed his "wishes for his success in his duties," stressing "the depth of relations between the two friendly neighboring countries, and the importance of continuing coordination at the highest levels, in all fields, and in a way that serves common interests."
Parliamentary Finance: Oil companies’ dues added to budget tables, government coordination to resume exports
The Parliamentary Finance Committee confirmed the continuation of coordination and communication between the federal government and the Kurdistan Region to resume oil exports through the Turkish port of Ceyhan.
The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, stated in a statement to the National Iraqi News Agency / NINA /, that "the general budget tables approved by the Council of Representatives are the ones adopted by the government, thus canceling any financial texts and paragraphs mentioned outside it," and pointed out that there are allocations for the costs of oil production and transportation worth 3 trillion and 800 billion dinars, which were added to the general budget tables.
She added, "If an agreement is reached between the federal government and the region to resume oil exports, the federal Ministry of Finance and the Ministry of Oil and Natural Resources in the region will proceed to coordinate to find a mechanism to disburse those amounts and pay the dues of oil companies."
She explained, "The oil companies operating in the Kurdistan Region, the region requests 6 months' amounts and there are contracts signed between the two parties that are difficult to cancel, because they are giant foreign companies that will resort to the judiciary and sue the region and the federal government."
Below here is for Sunday July 7th 2024
An economist shows the results of stopping trading in the Chinese yuan
Economic expert Ahmed Abd Rabbo said today, Saturday, that stopping dealing in the Chinese yuan will greatly affect the Iraqi economy, while he confirmed that the coming days will witness a significant rise in the price of the dollar against the Iraqi dinar.
Abd Rabbo said in a statement to the “Al-Ma’louma” Agency, that “stopping transactions in the Chinese yuan by America by imposing sanctions on the dealing banks is considered a blatant interference in the Iraqi economy and cannot be tolerated,” noting that “limiting Iraq’s transactions in the US dollar strengthens America economically and increases... From its dominance over Iraq.
He continued, "Imposing sanctions and stopping transactions in the Chinese yuan is more of a political matter than an economic one," calling on the government to "intervene in this matter because the Iraqi market is full of Chinese goods, and such a decision will raise their prices for the ordinary citizen."
The economic expert, Nabil Al-Marsoumi, had previously stated that Iraq intends to rely on the Chinese yuan currency for the purpose of trade exchange with China, in addition to the European euro, the Emirati dirham and the Jordanian dinar, as the Iraqi authorities seek to provide other foreign currencies for local dealing in addition to the US dollar.
Central Bank hosts meeting to regulate e-commerce in Iraq
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate e-commerce in Iraq with the participation of the concerned authorities.
During the meeting, the draft e-commerce and consumer protection system was discussed through the controls discussed by the attendees, through the registration procedures and obtaining a license to practice this trade.
The committee contributed to defining the service provider and granting him a license through an electronic platform established by the Ministry of Trade. The committee members stressed the need to establish controls for granting a license to those wishing to practice e-commerce in a manner that preserves the rights of all parties.
The attendees agreed to submit the "system paper" to the Council of Ministers for review and approval to proceed with work on it.
Central Bank of Iraq
Media Office
July 7, 2024
The Central Bank announces the submission of the “E-Commerce System Project” paper to the Council of Ministers
The Central Bank of Iraq announced today, Sunday, that it has submitted the “Electronic Commerce System Project” paper to the Council of Ministers for review and approval to proceed with work on it.
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate e-commerce in Iraq, with the participation of the relevant authorities.
During the meeting, the draft e-commerce and consumer protection system was discussed through the controls discussed by the attendees, through the registration procedures and obtaining a license to practice this trade.
The committee contributed to defining the service provider and granting him a license through an electronic platform established by the Ministry of Commerce. The committee members stressed the need to establish controls for granting a license to those wishing to practice e-commerce in a way that preserves the rights of all parties.
The attendees agreed to submit the “system paper” to the Council of Ministers for review and approval to proceed with work on it.
Houthis open a representative office in Iraq/ What's the story?
After Hamas, the Houthis open a headquarters in Baghdad, and the representative of the Yemeni Ansar al-Islam movement (Houthis) in Iraq visits the headquarters of the Popular Mobilization Forces to participate in the commemoration of the 104th anniversary of the 1920 Revolution against the British.
Information indicates that the Yemeni Ansar al-Islam movement (Houthis) opened a headquarters in the Al-Jadriya area of Baghdad, after news spread last month that Hamas had taken a similar step and opened a headquarters in Baghdad.
On Friday, the Houthi representative in Iraq, Abu Idris al-Sharafi, visited the headquarters of the Baghdad Belt of the Popular Mobilization Forces and appeared in a video clip praising the Popular Mobilization Forces and thanking the factions of the “Islamic Resistance,” saying that they praise their performance of their duties despite the many challenges and difficulties, which indicates the extent of their belief in their cause.
Abu Idris Al-Sharafi added that they are an inseparable unit despite attempts to divide them, and that they will remain united and together and nothing will shake them.
The Houthis of Yemen, specifically the Ansar al-Islam movement, which is the main party within this component, were included on the US terrorism list on January 17 of last year, in addition to their problems with Saudi Arabia and a number of Arab countries.
After the events of October 7, the Houthis began attacking Saudi Arabia and Israel in the Red Sea and the Arabian Sea, which led to a 90% decline in navigation in those areas.
Yesterday, Saturday, a representative of the Houthis of Yemen visited Al-Muthanna Governorate, and published video clips show that he was a guest at a ceremony held to celebrate the 104th anniversary of the outbreak of the 1920 Revolution against the British, organized by the Al-Dhulam clan in the governorate.
A number of tribes welcomed the Houthi delegation with chants and slogans.
The Houthi leader, who represents the supreme leader of the Houthis, Abdul-Malik Badr al-Din al-Houthi, gave a speech at the ceremony in which he said that they are with everyone who wages a revolution, and that we and you need to unify our speech and our ranks against the tyranny led by America, according to a local agency.
This happened a few months ago I'm not sure why they are talking about it again
Investment shows the importance of the Singapore Agreement.. What are its details?
The National Investment Commission confirmed, today, Sunday, that the Singapore agreement will accelerate the increase in Iraq's international classification, while clarifying regarding financing projects of local, Arab and foreign investors in Iraq.
The head of the commission, Haider Makiya, said: “The investment classification of emerging countries in 2024, conducted by FDI Intelligence, ranked Iraq fourth, indicating the confidence provided by investment in Iraq, specifically the National Investment Commission, in providing a safe legislative environment for the investor to settle in Iraq and return large capital to implement infrastructure projects and achieve sustainable development.”
He added, "The Singapore Agreement will accelerate and speed up the increase in Iraq's international rating, which is a sovereign rating for the whole world, and thus Iraq's rating will be known when it is good."
He pointed out that "all investors in the world will come without any restrictions or conditions as long as the legislative environment exists and governs their work in Iraq, and thus the process of attracting money to enter it will proceed easily and smoothly."
He pointed out that "project financing may be internal or external. If Iraq joins the international agreements, the process regarding foreign investors will be governed by the agreements. However, if the investor is local or Arab and wants to take financing, he will be subject to Iraqi laws regarding financing."
Al-Maliki confirms Iraq's support for Somalia and its keenness on its stability, progress and prosperity
Head of the State of Law Coalition, Nouri al-Maliki, affirmed Iraq's support for Somalia and its keenness on its stability, progress and prosperity.
The media office of the State of Law Coalition stated: "Al-Maliki met in his office today with the Prime Minister of the Federal Republic of Somalia, Hamza Abdi Barre."
The meeting discussed bilateral relations and cooperation between the two brotherly countries in various fields, especially the agriculture sector and other economic aspects.
The head of the State of Law Coalition pointed to the depth of the fraternal relations between the two countries and the endeavor to advance them towards deeper and more comprehensive horizons, in a way that serves the common interests, goals and aspirations, stressing Iraq's support for Somalia in all fields and its keenness on its stability, progress and prosperity. He expressed his hope in the ability of the Somali leadership to establish the foundations of security and consolidate stability to enable it to rebuild the state.
For his part, Barre expressed his great appreciation for the role and positive positions exerted by Iraq and the government of Nouri al-Maliki towards Somalia in order to rebuild the institutions of the Somali state, stressing his country's desire to enhance cooperation between the two countries in various fields.
The Central Bank of Iran allocates 200 thousand Iraqi dinars for each visitor
this is interesting imo
The Central Bank of Iran announced today, Sunday, the allocation of 200 thousand Iraqi dinars for every Iranian visitor wishing to travel to Iraq during the Arbaeen pilgrimage.
The head of the Central Bank, Mohammad Reza Farzin, said in press statements, "The Arbaeen currency will be issued in Iraqi dinars in selected branches by the banking network after the end of the Tasu'a and Ashura ceremonies."
He added that "in the Arbaeen pilgrimage this year, 200 thousand dinars will be provided to every Iranian visitor wishing to travel to Iraq."
He explained that "registration of applicants for the Arbaeen pilgrimage began today, Sunday, July 7, which coincides with the first day of the month of Muharram."
By going through the foreign exchange market today, Sunday, it becomes clear that every 1000 Iraqi dinars in the free market is equivalent to 46 thousand tomans.
The Central Bank of Iran allocates 200 thousand Iraqi dinars for each visitor
this is interesting imo
The Central Bank of Iran announced today, Sunday, the allocation of 200 thousand Iraqi dinars for every Iranian visitor wishing to travel to Iraq during the Arbaeen pilgrimage.
The head of the Central Bank, Mohammad Reza Farzin, said in press statements, "The Arbaeen currency will be issued in Iraqi dinars in selected branches by the banking network after the end of the Tasu'a and Ashura ceremonies."
He added that "in the Arbaeen pilgrimage this year, 200 thousand dinars will be provided to every Iranian visitor wishing to travel to Iraq."
He explained that "registration of applicants for the Arbaeen pilgrimage began today, Sunday, July 7, which coincides with the first day of the month of Muharram."
By going through the foreign exchange market today, Sunday, it becomes clear that every 1000 Iraqi dinars in the free market is equivalent to 46 thousand tomans.
Al-Sudani's advisor comments on the fluctuation of the dollar price: It does not suit the strength of Iraq's foreign reserves
Mazhar Muhammad Salih, the Prime Minister's economic advisor, confirmed today, Sunday (July 7, 2024), that the fluctuations witnessed by the secondary or parallel dollar exchange market during the past days are not commensurate with the strength of Iraq's international or foreign reserves.
Saleh said in an interview with Baghdad Today, "These are the actions of speculators looking for emergency profitable opportunities here and there," indicating that "the fixed exchange rate system in Iraq is based on international reserves, which is the highest in the history of Iraq, and its monetary policy, as foreign currency covers a percentage of more than 100% of the total currency currently issued."
He added that "the dollar exchange rate compared to the dinar in the parallel market does not constitute any relative importance in influencing the stability of the general price level, as this general price level has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1320 dinars per dollar," explaining that "this represents a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent, as annual inflation in our country does not exceed 3%."
He pointed out that "in light of the strength of the foreign reserves supporting the Iraqi dinar, the value of which as liquid foreign assets exceeds 100 billion dollars, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that affects the parallel exchange market in short periods due to urgent international or regional political events here and there or in adapting some instructions regulating the monetary market."
He explained that "after the decline of the dollarization phenomenon in domestic transactions, especially in contracts, obligations and payments within the country since last year and its legal prohibition, the parallel exchange market has become such that its general effects today only form a narrow economic scope of prohibited transactions practiced by informal markets and at a rate of 10% of the total supply and demand transactions for the currency."
Saleh stressed that "the stability of the exchange rate of the dinar to the dollar that the country is witnessing, even in secondary markets, is a real and solid stability. Rather, it is derived from the strength of the impact of the price and quantity factors of the monetary and financial policies and their integration in imposing overall price stability in the country and containing inflationary expectations that were caused by the forces of the parallel exchange market during the past years," stressing that "the irregular secondary market, due to the freedom of external transfer, is under the influence of the official exchange market rate, whose operations are constantly expanding in favor of dealing with the fixed official exchange rate."
The price of the dollar against the Iraqi dinar has witnessed a noticeable increase in the past few days, as the exchange rate in the local markets reached 150 thousand dinars for every 100 dollars.
We Build: Washington is Working to Destabilize Iraq's Security
Ali Al-Zubaidi, a member of the Nabna coalition, confirmed today, Sunday, that the American forces present in Iraq are combat forces and are working to destabilize security, not maintain it.
Al-Zubaidi said in a statement to the “Al-Ma’louma” agency, “The American position today is very clear, which is to continue in Iraq to ensure its interests in the Middle East and the Arab Gulf in particular,” noting that “the silence of some political forces regarding this presence is unfortunate.”
He added, "Iraq represents an important cornerstone of its strategy, and its presence in Iraq is sufficient to supervise, follow up, and monitor all political movements, changes, and tensions that the region has begun to witness," pointing out that "these forces are combat forces and work to destabilize security, not preserve it."
He stated that "the presence of American forces on Iraqi territory is a provocation to the Iraqi people, and their military presence must be rejected under any pretext," noting that "security concerns are one of America's pretexts for keeping its forces in Iraq."
Most of the Iraqi political forces issued their support for the Prime Minister regarding the steps to remove American forces from Iraq after a series of attacks against the Iraqi security forces.
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