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Found 6 results

  1. Here's some articles of Dinarian interests... These articles are long reads but all are good reads. Some very good news coming out of Iraq, today. Iraq Is The Main Focal Point At The UN. Iraq cancels Iran banks over money laundering. CBI launches new mechanism for selling USD. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The Governor Of The CBI Announces The Imminent Launch Of A Mechanism For Selling The Dollar. ARTICLE: The Governor of the CBI, Ali Al-Alaq, confirmed today, Tuesday, that the electronic payment file is a high government priority, & while he indicated a significant decrease in inflation compared to the beginning of 2023, he announced the imminent launch of a special mechanism for selling the Dollar to ensure that it reaches real travelers only. Al-Alaq said, “The Central Bank & the government give high priority to the issue of electronic payment because of its important economic repercussions & raising the level of transactions away from excessive use of cash,” noting that “the Iraqi economy is a cash economy par excellence & the electronic payment process aims to significantly reduce the degree of economic cash cash.”. He added, "The Prime Minister is very supportive of the process of converting to electronic payment & holds successive & continuous meetings in order to strengthen the procedures related to this issue. We have made important progress in arranging electronic payment at the level of collection & payment in state institutions, in addition to that the Council of Ministers approved a number of important packages & decisions." Which facilitates this process & does not burden the citizen with the resulting commissions.” He stated that “the Central Bank has a broad strategy in the electronic payment file and has developed the infrastructure and covers any type of electronic payment, whether by cards, via mobile phone, or other means,” indicating that “the Central Bank is also working on a strategy of financial inclusion and increasing users of financial services.”. He continued, "There are direct decisions issued to support the use of electronic payment, including obliging government agencies to make payment and receipt through cards, and also linking the process of renewing licenses in stores & approving them in buying & selling operations with the incentives granted, especially the government decision to bear 50%, which will make it marginal." At the same time, Al-Alaq stressed that “the CBI is working to complete the establishment of Riyada Bank, which will focus on supporting small projects by relying on the use of financial services away from cash dealing.” He stated that "the indicator of the success of monetary policy in any country is controlling the general level of prices & reducing inflation," explaining that "inflation has now decreased significantly compared to the beginning of 2023, which indicates, as the US Treasury Assistant stated a few days ago, that the low level of inflation indicates... Foreign trade is covered by the official rate & foreign financing operations take place smoothly & all importers & traders can obtain and control the Dollar at the official rate.” He pointed out, "The CBI's adherence to the rules & principles of external transfer in accordance with the conditions & requirements it set & its insistence on implementing them is what prompted many hesitant merchants to enter the platform for selling foreign currency, especially since using it is easy and safe & it provides them with the Dollar at the official rate." Al-Alaq pointed out, “The CBI confirms the possibility of meeting all requests for the Dollar, whether personal, commercial, or any kind, as long as they are valid & legitimate & this is strongly supported by the size of the foreign reserves present at the Central Bank.” He pointed out, “The Central Bank has no problem with offering or selling the dollar & it does not place restrictions on sales operations at all. It has never specified for the bank how much it can buy a Dollar, nor has it set an upper or lower limit for a merchant, importer, or user of the Dollar, or any other limit.” This gave the impression that there was no problem in responding to demand for the Dollar & that speculation was useless because the rules for this speculation were not available & incorrect.” He added, "Some groups are still trying, from here & there, to stay away from the platform for various reasons, whether to evade taxes, customs, etc., or for the presence of illegal trade, as the drug dealer cannot transfer it through the CBI, or if it is corruption money, it cannot be transferred." Through the CBI. He pointed out that "the Central Bank is in a comfortable position to respond to requests to buy the Dollar & we have sufficient reserves. On the other hand, there are some countries that do not have sufficient reserves to respond to demand & thus they have a large difference in the price between the parallel & the official price." Regarding providing the Dollar to travelers, Al-Alaq said, “After the experience we had in how to sell the Dollar to travelers & citizens, we found many observations, including that it is difficult for the real traveler to obtain the Dollar & therefore we had a meeting in this regard & we will finalize a new mechanism after developing its programs related to this.” The subject, according to which only the real traveler will receive the Dollar.” He stated, "One of the things that helped calm and reassure the market is the stability of the exchange rate & the CBI's provision of payment options after currencies such as the Euro, the Dirham, the Turkish Lira & the Indian Rupee, which are expanding." From Other Sources: Iran Downplays The Impact Of Canceling The Operating Licenses Of Three Of Its Banks In Iraq: It Harms Baghdad. ARTICLE: Iran reduced the news that talked about stopping dealing with three of its banks in Iraq & while it indicated that two of those banks had their operating licenses originally canceled two years ago, One Iranian expert described the commercial situation in Iraq as “without law.” Some tribes have more power than the government.” The Iranian Eqtisad News website said in a report translated by a news agency, that the head of the Joint Iranian-Iraqi Chamber of Commerce, Yahya Ali Ishaq, touched on the issue of canceling Bank Melli’s license in Iraq, saying, “In Iraq, we had three banks, namely Bank Melli, the Parsian Bank & the Islamic Cooperative Bank.". The report pointed out that “Bank Melli & Parsian Bank have not had any currency& the currency market.” The head of the Joint Iranian-Iraqi Chamber of Commerce, Al Ishaq, added, "As a result, this issue is not a new matter & will not affect the financial transactions of businessmen & there is no need to worry." Al-Ishaq concluded his speech by saying, “It appears that the news that was published in cyberspace about the cancellation of Bank Melli’s activities in Iraq is nothing but the work of exploiters & brokers to stop the trend of decline in the ER that began at the beginning of this week.” For his part, an Iranian trade expert confirmed that “canceling the National Bank’s license has no impact on trade between the two countries,” noting that “commercial exchanges between Iran & Iraq take place in different ways.” Muhammad Ali Nadib said in a statement to the Iranian Bazaar website and translated by Shafaq News Agency, “It cannot be said that canceling the bank’s license could have a special impact on Iran’s trade with this country.” From Other Sources: An International Consensus To Support The Iraqi Government’s Efforts To Maintain Stability & Complete Reforms. ARTICLE: The speeches of the representatives of the member states of the United Nations Security Council unanimously supported the government’s efforts to enhance the security & stability of Iraq & complete reforms in all fields, in the Council’s session on Iraq. Britain: Britain's representative in the UN Security Council said, "We value the Iraqi government's reform steps in the areas of economy, security & investment, and we support Iraq's sovereignty & reject the threat to its security & stability." He continued, "We encourage all political forces to support the government in supporting stability & we also hope to settle the problems with Erbil." Algeria: In turn, the representative of Algeria affirmed in his speech that, “For the 1st time in 10 years, the Iraqi government has succeeded in conducting local elections. We praise the government’s efforts in holding local elections in Kirkuk for the 1st time since 2005 & we support Iraq’s security & stability.” Japan: Meanwhile, the representative of Japan affirmed in his speech, "We support the Iraqi government's reform efforts, welcome the holding of Iraqi local elections & hope that the Kurdistan region will hold its overdue elections." China: As for the Chinese representative, he stressed the necessity of supporting the Iraqi government’s vision in rationalizing human & financial resources & meeting the country’s aspirations. Malta: The representative of Malta affirmed his country’s support for the security and stability of Iraq & the efforts of the Iraqi government to close displacement camps. France: As for the representative of France, he affirmed his country’s support for the efforts of the Iraqi government to complete the reforms that the Iraqi people aspire to & called for the resumption of dialogue between Baghdad & Erbil to get rid of all related problems with (HCL) oil, gas & money.
  2. Here is an article from around Dinarland... Iraq reaches out to the UN for help. Iraq political & economic failures in need of outside help. Treat as a rumor. Not verified. Your opine. From Other Sources: ARTICLE: Saleh Discusses With Blackshart The Political Situation &d The Exit From The Crisis. The President of the Republic, Barham Salih, discussed with the representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, today, Sunday, the political situation in Iraq & how to end the ongoing political crisis. The media office of the President of the Republic stated in a statement received, that “Saleh was received at the Peace Palace by Baghdad, represented by the Secretary-General of the United Nations at Iraq Jeanine Hennis-Plasschaert “. He added, “The meeting discussed the general situation in the country, especially the security & political ones. He continued, “The importance of getting out of the political crisis through dialogue & taking into account the grave challenges facing the country, as well as meeting the national entitlements & reaching positive results that guarantee security, stability & the safety of citizens & the realization of its aspirations was emphasized.”
  3. Luigi is just asking... Has anyone heard anything about Abadi's UN speech today. Rumors are Iraq is released from C7. I haven't heard anything. Everything is either hidden or gone silent. Inquiring minds want to know. Not verified. Your opine.
  4. Luigi says... This may be a news article but treat as a rumor. Not varified. Your opine. 5 Aug 2017MrsClassy: ANNOUNCES RECOVERY OF MONEY WITHIN UN Iraq announces the return of its assets held by the United Nations Twilight News The Ministry of Foreign Affairs of Iraq announced on Thursday the recovery of funds held under the oil program for food and medicine, estimated at more than 130 million dollars.The ministry spokesman said in a statement today that “the Iraqi funds seized by the United Nations under the oil program for food and medicine amounting to 131 million dollars in addition to its benefits for six years after the Iraqi Ministry of Foreign Affairs was authorized by the Council of Ministers and with the support of the President And the contribution of the Secretariat General of the Council of Ministers to negotiate the latest commitments related to this program and two rounds of negotiations with the Secretariat of the United Nations on the completion of Iraq’s obligations relating to his release from Chapter VII.
  5. 28 Oct 2016 Bruce... Bruce: Where we are and why we are not in the redemption centers? I thought we could be there. What we know and confirmed to us is around 3pm today the Secretary General of the UN made announcement that Iraq did RV their currency. This counts as the international announcement for Iraq. It was done today. Bruce: In various other parts of the world exchanges have already begun in Europe and Asia. Half a million people have become hydrated around the world. We are in position we are waiting on a few things to finish before we get to go. Bruce: Tomorrow maybe significant date as far as UN Operational rates being put out. They could be put out or maybe not be seen. The rate change should occur November 1. They typically put out the rate and be effected the first of the month which would be November 1. Bruce: Iraq is done, RV announced in the UN today. They hit the rate they intended to hit. I don’t know trade is higher or not. Iraq and Iran go the same time within 6 cents of each other on their rates is my understanding. Looking forward to put out a celebration call. That is forth coming. Should have this under way shortly. In the meantime thank you everybody for coming in. Tank, Bob, Sue, Yosef. I really appreciate all the help you have brought to this call. WE will talk to you again in the near future. Look for new numbers on the website. Thebigcall.net. Good night everybody.
  6. 29 Sep 2016 Bruce... Bruce: Otherwise, we are seeing is that with the 30th of September being tomorrow and today being the 29th of September, usually what happens is the rates of the UN Operational Rates usually updated on the 29th of the month. Then they become affected the first day of the next month. Saturday is October 1. I don’t know if in fact those rates will show tonight, or not show until they are absolutely sure everything is to go. We should see new UN Operational rates Saturday October 1. This would be an indication of the change we are looking for. When they show, we should already know what we are expecting. Bruce: Earlier we understood the Federal Reserve is giving Wells Fargo the heads up, the final release code. We understood that is about to occur or possibly it has already occurred today.
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