Central Bank: There is no problem with the liquidity of the dinar, and we will launch a new mechanism for granting dollars

Today, Central Bank Governor Ali Al-Alaq denied the existence of a problem with the liquidity of the Iraqi dinar, while indicating the imminent launch of the new mechanism for travelers to obtain the dollar.

Al-Alaq said, “What is being raised and rumored about the existence of a problem with the liquidity of the Iraqi dinar is untrue, and that the Central Bank is continuing to conduct the process of responding to requests related to liquidity, as well as the Ministry of Finance.”

He added, “The Central Bank is developing the mechanism for travelers to obtain dollars smoothly at Iraqi airports, some of which have completed the system with the presence of relevant exchange companies and banks to distribute dollars.”

He pointed out that the new mechanism will go into effect soon, and the traveler will obtain the dollar by registering through the platform and receiving it at the airport to ensure that the dollar reaches the real traveler.

Almutalee.com

Iraq’s Central Bank sells over $1 billion in one week

Baghdad (IraqiNews.com) – Over the last week, the Central Bank of Iraq (CBI) sold more than $1 billion worth of US currency.

The CBI sold over $1.08 billion at a daily rate of $217.5 million, higher than the previous week, when its sales were approximately $825.5 million, according to Shafaq News.

The highest sales of the US currency took place last Tuesday, when it reached around $241.8 million, while the lowest sales took place on Sunday, when it reached $208.2 million.

The CBI’s remittances of currency abroad during the past week were nearly $825.9 million, representing an increase of 91 percent compared to cash sales, which reached $72.7 million.

The CBI’s US dollar sales aimed to finance foreign trade in the form of transfers and cash sales.

While cash sales were done at an exchange rate of 1,310 Iraqi dinars, the Central Bank of Iraq supplied US dollars for letters of credit and international settlements for debit and credit cards at a rate of 1305 Iraqi dinars.

Iraqinews.com

Parliamentarian: The diversity of currencies accounts for 20% of Iraq’s foreign trade

Information / Baghdad… Member of the House of Representatives, Baqir Al-Saadi, acknowledged today, Wednesday, that the diversification of the currency basket now accounts for 20% of Iraq’s foreign trade.

Al-Saadi said in an interview with “Al-Ma’louma” that “the pressure on the dollar and its repeated use as a tool by America to promote its interests in the world, including Iraq, has begun to produce adverse results by introducing the concept of a basket of diverse currencies as strategic reserves for countries within their central banks, in addition to bilateral dealing in other currencies.” “.

He added, “Iraq actually began to diversify the basket of currencies and began pumping some of them and pushing traders to deal with them according to economic mechanisms, which led to an increase in foreign trade by up to 20%, and this is a positive indicator.”

He pointed out that “the demand to deal in other countries’ currencies will reduce the pressure of the dollar on the parallel market and lead to a reduction in its prices, and thus its impact will no longer be greater,” pointing out that “there is a different strategy in the financial dealing mechanisms that will contribute to protecting hard currencies, blocking the path to smuggling, and supporting the sale of… The dollar at official rates.

The parallel market for dollar exchange rates witnessed relative stability in the past weeks despite the pressure due to the decisions of the Iraqi Central Bank by warding off the risks of smuggling and determining import mechanisms.

Almaalomah.me

Al-Sudani comments on treasury sanctions: an indication in previous governments

Baghdad – 964… Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Tuesday, that his government is continuing its professional measures to combat corruption, and that the decisions issued by the US Treasury on some Iraqi banks were indicative of previous governments, while he indicated that the completion rates are rising in the large Al-Faw port and it will be operational in the year. 2025.

Part of what Al-Sudani touched upon in the press conference, which was followed by the 964 network :

Prime Minister: We are continuing to prepare the requirements for starting the residential city of Ali Al-Wardi.

Prime Minister: We will call on companies to begin implementing the infrastructure of the new Sadr City in the coming days.

Prime Minister: The new residential cities are available to all citizens.

Prime Minister: We will soon begin implementing 400 schools within the Iraq Fund for Development in all governorates.

Prime Minister: We completed 443 school buildings

Prime Minister: We continue to develop the energy sector in Iraq.

Prime Minister: Including 7 million citizens in the food basket for those included in the social protection network.

Prime Minister: The amounts recovered from those who violated the social protection network amounted to 170 billion dinars.

Prime Minister: The private sector is the state’s true partner.

Prime Minister: We have made important strides in the banking sector and all of our trade passes through the electronic platform.

Prime Minister: The decisions issued by the US Treasury to some Iraqi banks were indicative of previous governments.

Prime Minister: We are continuing our professional measures to combat corruption.

Prime Minister: We continue to monitor the increasing completion rates at the Grand Al-Faw Port, and it will become operational in 2025.

Prime Minister: We are continuing technical discussions with countries wishing to work within the development path project.

Prime Minister: We are studying several options to sign with an international company to rehabilitate and develop Baghdad International Airport.

Prime Minister: 1,453 lagging projects, of which we completed 490.

Prime Minister: The oil sector is witnessing a real renaissance and we have begun to optimally exploit this wealth.

Prime Minister: We hope to achieve a major shift in oil investment and secure everything the Iraqi market needs.

Prime Minister: We are continuing our administrative reform procedures.

Prime Minister: Iraq’s position on water is good

Prime Minister: This year, Project No. 1 regarding school buildings will be completed.

Prime Minister: We started an integrated project related to improving the armament aspect of the security forces.

Prime Minister: We are dealing with a clear map to complete service projects within the specified time.

964media.com

Al-Sudani is making an upcoming visit to Washington

Shafaq News / Prime Minister Muhammad Shiaa Al-Sudani discussed, with US Ambassador Alina Romanowski, on Wednesday, the issues that will be raised during his upcoming visit to the United States.

During his meeting with Romanowski, according to a statement received by Shafaq News Agency, Al-Sudani discussed relations between the two countries and ways to strengthen them, and confirmed the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the international coalition’s missions in Iraq.

The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and “the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,” according to the statement.

Shafaq.com

Iraq and America: Continuing the dialogue rounds to end the tasks of the international coalition

Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani received the US Ambassador to Iraq, Alina Romanowski, while they stressed the continuation of the dialogue rounds to end the tasks of the international coalition in Iraq.

The Prime Minister’s Media Office explained in a statement that the meeting witnessed a discussion of relations between the two countries, ways to strengthen them, and confirmation of the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the tasks of the international coalition in Iraq.

The office stated that the meeting also discussed the files that will be raised during the upcoming visit of the Prime Minister to Washington, the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard.

Burathanews.com

The Russian ambassador calls on Iraq to join BRICS

Baghdad – 964… The Russian ambassador to Iraq, Elbrus Kutrashev, said that the opportunity is available to Iraq to join the BRICS countries , and that he is not concerned with the nature of the American response to this decision if Baghdad takes it. He also spoke with great admiration about the visit of Prime Minister Muhammad Shia al-Sudani to Moscow (October 2023). He said that he did not expect the visit to be so successful.

The Russian Ambassador to Iraq, Elbrus Kutrashev, in an interview with the journalist Saif Ali, followed by the 964 network :

Russian-Iraqi relations are good and have a long history. There are no complications, neither from a historical standpoint nor from a current standpoint. External factors are what complicate these relations. As for the two peoples, we have a good and solid friendship. I am very comfortable being Russia’s ambassador to Iraq.

In diplomatic life, it is very difficult to separate personal life from work life, and I intended to choose Iraq as my first diplomatic station, because I love Iraq and my personal life is linked to Iraq. My first son was born in Baghdad in 1999, and bears the name David, so I am Abu David.

Russia is ready to provide anything that Iraq needs, and we will not be stingy with anything that we can provide and give to Iraq, including economic cooperation. The visit of the Sudanese President to Russia was very successful and beyond all expectations, and I was convinced that the visit would be successful, but not to this extent, and the visit was It has a historical dimension and formed a solid base for continuing to develop our relations in all fields.

In Iraq, we do not play the game of axes, and we do not look at Iraq as an arena for conflicts with anyone. Iraq is the one who chooses with whom it will develop its relations, and we have no sensitivity towards any country, whether Russia, America, China, or other countries.

If Iraq wishes to join the BRICS group, there is a joint leadership that is looking into the matter. In fact, we have no agendas against America or others. If Iraq wants, welcome, we will work to help it comfortably, and I do not care about the American response on this issue.

964media.com

Al-Sudani: We received an official letter from the American embassy implementing the withdrawal of international coalition forces

Information/Private… Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that he had received an official letter from the American embassy implementing the withdrawal of international coalition forces from Iraq.

Al-Sudani said in a press conference attended by the Al-Maalouma correspondent, “We received an official letter from the American embassy approving the outcomes of the meeting held in Washington to schedule an end to the presence of foreign forces.”

Regarding his recent visit to the Netherlands, Al-Sudani stated that it “came within the framework of developing bilateral relations and within the context of building companies.”

Almaalomah.me

After canceling the electronic platform…the Central Bank reveals the mechanism for financing foreign trade

Al-Sumaria News – Economy… The Central Bank of Iraq revealed, today, Tuesday, the mechanism for financing foreign trade after canceling the electronic platform and the currency auction, which the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview with Al-Sumaria, “The Central Bank of Iraq is heading to cancel the work of the electronic platform and the currency auction soon.”

He explained that “the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible.” About auditing invoices and transfers, which is the practice globally.”

With this step, the Central Bank of Iraq intends to “withdraw itself” from the process of financing foreign trade and make the process limited to banks inside Iraq, and to American correspondent banks, which will undertake to finance the requests of these banks among themselves after reviewing the private documents, and for the Central Bank of Iraq not to enter as a party in this matter. the case.

Alsumaria.tv

Zebari remembers his calls with Soleimani and Obama: Biden will not withdraw in an election year

Erbil – 964… In a lengthy interview with Lebanese writer Ghassan Charbel published by Asharq Al-Awsat newspaper, Hoshyar Zebari reviewed memories from his long work in the Iraqi Ministry of Foreign Affairs, including a 45-minute call with former US President Barack Obama about withdrawing from Iraq, and dialogues within the “narrow circle” of the Iranian team. Its most prominent representative is Revolutionary Guard General Qassem Soleimani, and Zebari ruled out the possibility of the withdrawal of coalition forces during a year that witnesses the presidential elections in the United States.

Zebari in an interview with writer Ghassan Charbel, followed by Network 964:
This February 10 was a turning point because the Iraqi parliament wanted to hold a session with a full quorum to approve or pass a decision to expel the Americans immediately. But there was not the required response, neither from the Sunni Arab blocs nor the entire Kurdish bloc, nor even from most of the Shiite blocs. More than 230 deputies, only about 75 deputies attended, so there was no consensus, consensus, or quorum, and the issue was postponed.

It is very, very difficult for a divorce to occur between Iraq and America in fact, because the American relationship with Iraq and the region is linked to international, regional and economic issues. Therefore, divorce and separation from this relationship is difficult. In the strategic framework agreement that we negotiated with them, they gave us many opportunities and areas to support the Iraqi economy, security, and capabilities, but unfortunately, successive Iraqi governments did not take advantage of this available opportunity.

There was a heated debate between the military leaders who worked in Iraq, and the majority of the US Army leaders currently served in Iraq. Therefore, they had fear or concern that a sudden withdrawal in this way, and not keeping some forces to help, would threaten America’s interests, with regard to terrorism or other forces greedy in Iraq. But US President Obama decided to withdraw them and did not heed this advice, and I spoke to him for about 45 minutes.

He was in his election campaign and Iraq was a major issue in the elections at that time. John McCain was the Republican nominee. Iraq was a prominent focus of interest for both camps. Obama called me by phone during an election tour in one of the states. My message to him was that we believe that Iraq has not fully recovered, meaning it is not a normal or normal country. There are terrorist threats and security threats. Therefore, we do not encourage you to rush to completely withdraw forces. We need this help and your help in training and qualifying our military forces. He took the issue to mean: No, I came to rid America of foreign wars. In Afghanistan and Iraq. We want to focus on the internal situation. There was a financial crisis in the world market.

After the collapse of the army and the invasion of ISIS the task also fell on me when I was Minister of Foreign Affairs. I was a decision-making minister. When we felt that there was a real threat to the government and the country, we agreed with the Americans to exchange notes requesting assistance because this danger was imminent and unexpected. There are still investigations into how the invitation came to be at that time when they returned in 2014 and helped us. They helped Erbil, the capital of the Kurdistan region, which was threatened by ISIS. Samarra was threatened.

Any cancellation of this understanding – so that I can add more poetry to you – requires the approval of both parties and requires a period of time and notice to the other party of no less than one year.

This is an election year in America, and it is very difficult for any president to make a decision like this while the region is on fire and we do not know where things are headed. In my opinion, Iraq cannot obtain a divorce in this relationship.

I had discussions with the late (commander of the “Quds Force” in the Iranian “Revolutionary Guard”), General Qassem Soleimani, who was targeted by American forces at Baghdad airport in 2020, and the advisor to the Supreme Leader, Ali Khamenei, who is the former Foreign Minister, Ali Akbar Velayati in 2007-2008. We were on visits with the President of the Republic and the Prime Minister to Tehran and discussed with them. One of their requests was: “You, Kurds and Shiites, have gotten rid of dictatorship. You are not supposed to trust the global arrogance or the Americans. You are also supposed to become part of the axis of resistance.”

964media.com