KTFA:

Clare:  FROM FRANK:
FRANK SAID TO REMIND YOU OF WHAT HE SAID: “THEY ARE LOSING TOO MUCH MONEY! …. THEY NEED TO STOP THE BLEEDING!!!”….. FRANK26

“IMMEDIATELY!!!”………F26

After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank

2022-02-17 11:19

Shafaq News / The Presidency of the Iraqi Parliament announced, on Thursday, summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghalib, to the council building immediately.

The Presidency said, in a brief statement received by Shafak News Agency, that the summoning of financial officials came as a “response” to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.

Al-Sadr had presented, earlier today, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr’s proposals included, according to a statement received by Shafak News Agency, “strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.

In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

LINK

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2022-02-17 13:17

 Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, presented, on Thursday, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghaleb, immediately.
 
Al-Sadr’s proposals included, according to a statement received by Shafaq News Agency, “strongly stopping currency smuggling, looking into the matter of some banks, such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.
In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”
 
Al-Sadr had called yesterday, Wednesday, to spare the Iraqis the damages of interest resulting from the high exchange rates of the dollar in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

And he stressed the need to work through economic security, to punish all merchants who seek to do so, and the like, and according to the law, especially among the people approaching the month of Ramadan. 

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs. LINK

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 Al-Sadr demands that the Iraqis be spared the damages of interest accruing from the high exchange rates of the dollar

16th February, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, demanded, on Wednesday, that Iraqis be spared the interest damages gained from the rise in dollar exchange rates in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

Al-Sadr stressed the need to work through economic security to punish all merchants who seek to do so, and the like, according to the law, especially among the people approaching the month of Ramadan.

Translation…..

In his name, the Most High, peace be upon Iraq and its people. After the rise in the exchange rates of the dollar.. and the benefits and harms in it, it should not at all be an increase in market prices, especially with regard to the important commodities that the people need in their daily life.  Absolutely .  Rather, it is necessary to work through economic security to punish all merchants and the like who seek to do so and in accordance with the law, especially as we are approaching the blessed month (the month of Ramadan), but absolutely.  The government must deal firmly with all violators, no matter who the perpetrator is.

And the merchants should take into account the people, not rush their money, and not deal with my valley with greed, for they are responsible before God, the people, and before us as a whole.  The most important thing is for the people to live with dignity, pride and luxury, and the poor among them, who are barely getting their strength, must be taken into consideration. 

Daily through the ration card and by not increasing the price of basic mission commodities, especially vegetables, grains, construction prices, and the like.  Although there is a claimed benefit from the rise in the exchange rates of the US dollar, it should not be at the expense of the people, the poor, the destitute and the needy, otherwise it will inevitably be unfair.  Muqtada al-Sadr …. LINK

MilitiaMan:  I’ll bet there is nothing in the world now that is going to stop this Man, Sadr. He has been on fire for months now. The man has strategically and instrumentally worked his magic.

He has neutered Maliki.. He has exposed corruption at every turn. He has peeked into the Swiss accounts and found hundreds of billions in assets that belong to the Iraqis. He has made sure that the White Papers reforms for the citizens is on track with his PM.

 He has told the citizens he was pro exchange rate change at the start this year. He is on track for that today, too. With six proposals before the parliament now shows he is playing by the rules.

He has a Government in place now and is having the Presidency summon the two key players in the exchange rate and who allows the money to flow out. The CBI has the rate and the Finance Minister has the laws to allow the money to be spent.

This not for later it is now, immediately..

We know that there is urgency, as stated. We also know that there are agreements being done with the Kurds, alliances if you will. The agreements will be about the HCL and that we all know now has been sorted by the Federal Court..

With the money (100s Billions) they have to be clawed back is likely the Ace Sadr had put in his hand the other day, it reeks of the imminence of an exchange rate change to come immediately.. 

Wow.. Looking so very promising. 

We have Parliament personnel in New York today and tomorrow at the UNSC, then Halabousi has parliamentary meetings in Cairo this weekend. That is government, not finance. The negotiations are all done by now, thus no finance component mentioned to be in the meetings.

The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022..

I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII, where it was to be forever.. Lets see what they do next.

I’ll be it is going to be powerful!!! ~ MM

JaimieO:  YA GOTTA LOVE THAT WORD IMMEDIATELY !!!   Lets see if they know what it means in the middle east.    IMO

Jerry1971:   THANK YOU MILITIAMAN EXCELLENT ANALYSIS & BREAKDOWN OF VARIOUS IMPORTANT EVENTS GOING ON IN IRAQ SURELY THINGS ARE FRUITFULLY COMING TO A CONCLUSION SADR IS ON A ROLL TO ROLL OUT THIS RI HE HAS THE BACKUP OF THE PARLIAMENT AND THE PM HIS INTENSIONS SEEMS CLEAR TO HELP THE POOR PEOPLE OF IRAQ ALL SOUNDING VERY GOOD IMO