Saturday, December 19, 2020

Protests continue in Iraq as the dinar is devalued

 Protests continue in Iraq.

The protest of Diwaniyah engineers is continuing in front of the branch of the Oil Products Distribution Company in the Qadisiyah Governorate To claim their rights and to be appointed in the Ministry of Oil.

Including in Nassiriyah:

Dhi Qar: Nassiriya demonstrators chant slogans against militia leaders as they march around the city’s streets.
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هيئة علماء المسلمين في العراق
الهيئة نت| ذي قار: ثوار مدينة الناصرية يرددون هتافات مناهضة لزعماء الميليشيات في مسيرة تجوب شوارع المدينة. للاشتراك في قناة الهيئة على تطبيق (تيليغرام):
0:11 / 0:59

Protests also took place Friday in Nasiriyah:

Despite state and militia suppression, protestors in Nasiriyah demonstrated today. #IraqProtests

Les manifestants se rassemblent sur la place al-Habboubi dans la ville méridionale de Nasiriyah dans la province de Dhi Qar le 18 décembre 2020, pour exiger leur droits légitimes et responsabilité pour les meurtres. -
Camera with flash
AFP - #Iraq #Al_Hashed #Iran
Watch | Al-Haboubi square, #Nasiriyah packed with protesters opposing the irresponsible actions of political parties and militias loyal to them. #BaghdadPost #IraqProtests #saveIraqipeople #FreeIraq
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Another protester has died:

Akar Jabar, protester who was wounded during Saidsadiq protests 9 days ago, died in hospital #TwitterKurds #KurdistanProtests #KurdistanIsBleeding #kurdistanêbiparizîn

Dilan Sirwan (RUDAW) reports:

Akar Jabar, a 16-year-old who took to the streets of Said Sadiq during anti-government protests, was shot during a demonstration on December 8. He was in critical condition for nine days at Sulaimani’s Shar hospital and passed away on Thursday, Diyari Rafiq, mayor of Said Sadiq, told Rudaw English.

The mayor confirmed that Jabar is the second protester killed by security force gunfire in Said Sadiq protests. 

Angry over months-long delays in receiving their salaries, civil servants and their supporters staged large protests in the city of Sulaimani, beginning on December 2. The demonstrations quickly spread to other areas of the province. Security forces were deployed in large numbers and used tear gas, live and rubber bullets, and water cannons to end the protests. 

Meanwhile Khalid al-Ansary and Nouri al-Ali (BLOOMBERG NEWS) report:

Iraq devalued its currency by about 20% against the dollar, the biggest cut on record, as the cash-strapped government faces an economic crisis brought about by low oil prices and crude-production cuts.

The central bank reduced the official rate to 1,450 dinar per dollar, the first devaluation since 2003, it said in a statement. That’s from about 1,190 previously. Dollars will be resold to local banks at 1,460 dinar apiece.

XINHUA adds, "The CBI attributed the decision to the financial crisis that resulted from the decline in oil prices and the coronavirus pandemic, which led to a large deficit in the state budget, forcing the government to borrow money from banks to pay salaries and to cover other expenses, according to the statement."  What does this mean?  MIDDLE EAST ONLINE explains, "A devaluation would give oil-rich Iraq, which imports nearly all of its goods, more dinars in hand to make urgent payments. But setting a new rate has been a delicate balancing act to satisfy the government's needs for liquidity without impacting the average Iraqi."

Cult leader Moqtada al-Sadr Tweeted:


Moqtada dismisses the banks in Iraq -- including the Central Bank -- as corrupt and calls on the Parliament to end the system in place, to liberalize it.  He fails to note that the Parliament he's calling on for action includes his bloc in Parliament which is the largest group in the body.

In other words, he's Tweeting as though he has no say in Parliament and is just a bystander.


The following sites updated: