Newshound Guru Pimpy
Iraq needs to completely de-dollarize all of its markets with strict penalties, except for sales of oil where it is necessary. No one should be allowed to use US dollars, and even locals should not be sold them. Although there will always be a black market, Iraq must take action to prevent the use of US dollars, especially since countries like Iran, Turkey and Syria, which are under US sanctions, still seek to use them. This is a difficult situation for Iraq, but it is important for them to take steps to address it.
Guru Nader From The Mid East
During the first annual banking conference held in the city of Erbil, the governor of the Central Bank, Ali Al-Alaq, delivered a speech where he considered the process of stabilizing Iraq’s dinar exchange rate against the US dollar as a significant operation that requires changes to the country’s commercial system. The conference was held under the slogan “The Banking Sector Opportunities for Advancement and the Future of International Companies.”
Newshound Guru Clare
The statement from the US State Department urges the state administration coalition to attend a crucial meeting at Al-Maliki’s residence.
Intel Guru MarkZ
[via PDK] There are a lot of rumors circulating about the dinar reaching 1000. MarkZ believes that the 1000 to 1 exchange rate has always made sense, followed by a big revaluation. Although it has been quiet in Iraq, there are rumors on the streets. However, obtaining any news from Iraq is currently difficult. Nonetheless, there are indications pointing towards the revaluation already taking place over the weekend in Iraq. We are keeping a close eye on the situation, and if it is accurate, it could be a significant development.
Newshound Guru Pimpy
This is the last thing you want: our own government being compelled to take this measure because of Iraq’s behaviour. The article states: “Washington directed the departure of the family of its diplomats and non-essential staff from Iraq and not to use Baghdad airport” That is not ideal. Iraq must declare it is out of all conflicts.Regretfully, politicians with Iranian support will inevitably be engaged.
Intel Guru Wolverine
The Iraqi Dinar exchange rate is expected to increase to 1000, followed by a change to 1:1. Then, the Central Bank of Iraq will announce an in-country rate, which will be followed by an international rate approved by the US. The World Bank sent the unlock codes on October 20th.
Newshound Guru CandyKisses
The article discusses the growing international and national pressure to pass the oil and gas law. According to the Prime Minister’s financial advisor, Mazer Mohammed Saleh, approving the federal oil and gas project law in the House of Representatives as soon as possible will create a stable national roadmap for investment and production for Iraq’s primary sovereign resource, i.e., oil and gas.
