News, Rumors and Opinions Friday 6-12-2020

Jun 12

TNT:

Tishwash: JOINT STATEMENT: AN AGREEMENT TO REDUCE THE US MILITARY PRESENCE IN IRAQ

The American and Iraqi governments announced in a joint statement after the launch of their strategic dialogue that the United States will continue to reduce its military presence in Iraq during the coming months and the governments of the two countries said in the statement that in light of the great progress made towards eliminating the threat of ISIS, the United States will continue In the coming months, he reduced the number of its forces in Iraq, without providing additional details.

The statement added that the United States has reiterated that it does not seek nor demand permanent bases or a permanent military presence in Iraq, in return, according to the statement, Iraq promised to protect the bases that include American forces, after a series of missile attacks, and US negotiators confirmed that their country respects the sovereignty and territorial integrity of Iraq And the relevant decisions issued by the Iraqi legislative and executive authorities, and the two sides discussed the possibility of providing the United States with economic advisers to Iraq to work directly with the government to help strengthen the level of international support for reform efforts and on the political side, the United States of America expressed its support for the new Iraqi government in implementing Its government and reform program link

Tishwash: Mr. Al-Kazemi: Restoring consideration to Mr. Sinan al-Shabibi

I do not know Mr. Sinan al-Shabibi and I have never met him, but I have heard like the rest of the citizens that he is excluded from the central bank because he refused to obey the orders of corrupt heads and implement what they ask of him and accused him of false accusations, and this corrupt elements have vandalized him by the vile methods to topple the national and clean elements and the man is known on a global level Mrs.

Magda Al-Tamimi made a statement in an interview during Al-Sharqiya TV channel in the past days that the currency auction takes advantage of one-fourth of the corrupt in the Central Bank, so what is required is to take Mrs.

Al-Tamimi's claim seriously and open an expanded investigation in this regard and restore Mr. Sinan al-Shabibi and return him to his position as governor of the Central Bank and benefit From his experience and sincerity

(this is a brief summary from the free encyclopedia)Sinan Muhammad Raza al-Shabibi “Sinan al-Shabibi” was born (July 1, 1941, Baghdad) economist and governor of the Central Bank of Iraq from September 2003 to October 2012. It is the first governor of the Central Bank after the occupation of Iraq by the coalition forces.

Growing up and educating al-Shabibi was born in Baghdad on July 1, 1941, and his father, Muhammad Reza al-Shabibi, is a prominent Iraqi poet, thinker, and politician. Al-Shabibi attended the College of Economics and Political Science at the University of Baghdad and graduated in 1966 with a Bachelor's degree in Economics, and also obtained a diploma in Graduate Studies in Development and Economics, Masters degree in Economics from the University of Manchester in Manchester, United Kingdom (1970-1971) . He also obtained a PhD in Economics from the University of Bristol in Bristol, UK in 1975.

Beginning of his career from May 1975 until March 1977, Sinan al-Shabibi was head of the Import and Marketing Department at the Iraqi Oil Ministry, and from April 1977 until December 1980, al-Shabibi was head of the Planning and Coordination Department of the Iraqi Ministry of Planning.

After the Iraq-Iran war erupted, al-Shabibi moved to Geneva, Switzerland, where he stayed from December 1980 to October 2001 and worked as an economist at the United Nations Conference on Trade and Development.

Governor of the Central Bank of Iraq

Since assuming the position of Governor of the Central Bank of Iraq, he introduced modern accounting systems and payment systems for the financial institution, replaced manual printers and computers with modern computer systems, and accounting tools as currency auctions, and replaced the pre-2003 currency with the new currency between October 2003 and January 2004. He also involved the Central Bank of Iraq in the International Monetary Fund and the World Bank, in addition to the Paris Club negotiations, where 19 countries agreed to exempt Iraq from 80% of pre-2003 debt to help Iraq recover from the US-led post-war phase 2003.

Despite local and regional instability in the region, Al-Shabibi managed to maintain the Iraqi dinar exchange rate against the US dollar at 1190 dinars per 1 US dollar (while the exchange rate was 2214 dinars per 1 dollar in 2002), and reduced the inflation rate (from 64% in 2006, to 5.2% in 2012), and doubled the gold reserves to 32 tons, and remained a strong advocate for the independence of the Central Bank. His use of these policies and high oil revenues helped raise foreign exchange reserves to nearly $ 67 billion (in September 2)) over December 2002 $ 2.7 billion 2012)

We hope that the right man will be in the right place. link

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Courtesy of Dinar Guru

Footforward [Has anyone heard any promising news about the Dong Lately...] we won't hear any news on the dong until it happens. They will keep this EXTREMELY quiet and there will be no warning before it goes. The dong will just go. Before the dinar. And then there will be no more dinar to get. Then the US will put sanctions on Iraq. Then tons of people will sell their dinar. Then the dinar will revalue. This is all in my opinion...