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Showing content with the highest reputation on 03/29/2023 in all areas

  1. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Article: "MINISTER OF TRANSPORT: THE GOVERNMENT’S VISION ASPIRES TO TRANSFORM IRAQ INTO AN INTERNATIONAL TRADE CENTER BETWEEN ASIA AND EUROPE" ...I told you that Iraq is going to be a huge clearing house for the middle east between Asia (China) and Europe (EU). So here it is now in black and white from their own news media. Their words not mine…. No Rumors, No Hype, No Opinions...Just the FACTS! They can not possible continue with this approach with a program rate and not being an internationally traded currency.
    12 points
  2. The international pressure on Iraq is ON. Go HCL Go profits sharing Go stronger dinar Go $1+
    11 points
  3. New talk from the Central Bank on the exchange rate and the possibility of printing a 20,<> dinar denomination Al-Eqtessad News Agency - A new talk from the Central Bank regarding the exchange rate and the possibility of printing a 20 thousand dinars denomination (economy-news.net) Economy News - Baghdad The Central Bank expected on Wednesday that the difference between the official and parallel exchange rates will decrease during the coming period, while indicating that a decision on the possibility of printing a 20,<> dinar denomination is imminent. The Assistant Director General of the Investment Department in the bank, Muhammad Munir, said that "the packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the packages: the first, second and third of the Central Bank, as well as the government's continuous support." "The central bank is in continuous updating of all procedures, and every step that is launched is reviewed and measured the extent of its response and impact on the market and what are its pros and cons, if any," Mounir said, according to the official news agency. Regarding the printing of new currency denominations, Mounir said that "the Central Bank is amending and updating currency notes in response to market demands and developments and reducing counterfeiting," noting that "the Department of Issuance and Treasury is working to study the possibility of printing a 20,<> dinar banknote, and in the coming days will take the decision to print it or not to print it." Views 116 Added 2023/03/29 - 11:29 AM
    10 points
  4. “NEED” ”SPEED UP” ”GUARANTEES” ”IRAQIS ENJOY THEIR NATIONAL WEALTH”! “EQUALITY” I like them words
    10 points
  5. From the White Papers; Reforming financial management systems 1) Accelerate implementation of the Integrated Financial Information Management System project (IFMIS) to modernize the public financial management and the “Consolidated Treasury Account (TSA)” in cooperation with the World Bank. 2) Conduct a comprehensive census of government employees in order to implement an electronic HR system linked to payroll systems and other databases, and develop a management software for biometric data of all public sector employees. 3) Harmonize government salaries and allocations according to international standards, review job levels in a consistent and rational manner, and develop and establishing a medium-term financial goal for public sector wages and salaries. 4) Restructure the domestic government debt. 5) Amend the law of Ministry of Finance to update and restructure it according to the latest international standards, assess its functions and responsibilities to make it the only executive body responsible for implementation of the public financial policy, establishing, implementing and monitoring the Public Finance Management System (PFM), so that MoE assumes full responsibility for implementation of the PFM and monitoring its performance. 45 6) Building technical and administrative capacities and skills of the employees of Ministry of Finance and for all posts, and establish a specialized public finance management institute to provide training and strengthen the skills of all medium and high-rank employees as well as front-line employees within Ministry of Finance as the first step, and then roll out to cover all employees of the public sector. 7) Strengthen the administrative and financial capabilities of the Ministry of Finance in the field of data collection and projections, and reporting on macroeconomic factors. 😎 Reviving the petrodollars and customs revenues, and the commitment related to sharing revenues with governorates, according to the laws in force. 9) Establish a program-based public budgetary framework (PBB) and implement it on the medium term (3-5 years), including institutional restructuring, capacity building and generating quarterly budget reports for auditing and control purposes. 10) Review the design and funding of the investment budget to ensure project financing over the project life in order to prevent delays due to the impact of delayed budget approval and execution. 11) Establish sustainable formal structures and systems to implement the principles of fiscal federalism. 12)Study the current exchange rate of the dollar against the Iraqi Dinar (IRD), taking into consideration the requirements of financial and monetary stability and realizing competitiveness for the Iraqi economy. 13) Improve the public investment framework by setting medium-term investment goals as part of the GDP, and redefine the public investment management system (PIM) based on the international best practices, link public investments with the national and sectoral strategic framework, operationalize the central monitoring system to review and monitor project implementation, auditing, reporting, evaluation and accountability, as well as integrating GDP measurement system with the integrated financial management information system. 14)Establish an advisory team consisting of economists with international experience and reputation to support the reform process. Go Iraq Go reforms Go open market economy Go stronger dinar $1+
    9 points
  6. Well, say now, there is a new descriptive term - "Expedite" - that I haven't seen used before. There seems to be a recent sense of urgency to get this done. Just sayin' .............. Semper Fi
    9 points
  7. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani’s Advisor Determines, Via Earth News, The Date For The Disappearance Of The Dollar Price Difference" Quote: "...Salih, set today, Tuesday, a date when the difference in the price of the dollar from the central bank will be removed from the market... The exchange market in Iraq is still gradually adapting to international compliance controls in financing foreign trade for the private sector...we find that the country is still dealing with two exchange rates, which is a very temporary matter that will disappear over time.” Nader From The Mid East Everything is in place. Now we're just waiting for them to do something to make a move... MarkZ Article: “PM Advisor: Iraq economy is strong and moving toward improvement” ...They are literally telling you what they are doing. Quotes: “He emphasized that the situation is gradually improving as long as there is freedom in transferring the process that is subject to compliance” “Noting that during the next few weeks or months the official exchange rate will match with the parallel” What they are telling us is that the rate in the next few weeks will be in parallel with their assets…or their great wealth. They are telling you it is happening. Don’t panic about the timing…they have to say that to keep the timing confused…it is part of the process.
    8 points
  8. Democrat reveals consensus within state forces to pass oil law soon Today 11:59 1 shares Democrat reveals consensus within state forces to pass oil law soon | Information (almaalomah-me.translate.goog) Information / Baghdad The leader of the Kurdistan Democratic Party, MP Mahma Khalil, on Wednesday, the existence of a political consensus within the coalition of state forces to pass the oil and gas law during the current parliamentary session, indicating that this consensus contributes to resolving the differences between Baghdad and Erbil. Khalil said in a statement to Al-Maalouma that "the multiple meetings between the federal government and the leaders of the Kurdish parties, as well as the technical delegations that held dozens of meetings, led to the existence of political will to resolve the issue of legislating the oil and gas law.” He pointed out that "the current stage is stronger to push behind the adoption of the law before, because of those meetings and positive understandings that took place between the federal government and the region during the past months and at the highest levels." He added that "all the forces of the state alliance are unanimous in approving the oil and gas law, speeding up its legislation, and ending the problems with the Kurdistan Regional Government," expecting that "the next stage will witness the inclusion of the law." in the parliament's schedule for passage." It is noteworthy that relations between the federal government and the Kurdistan Region have witnessed a remarkable improvement, especially after the KDP and the Patriotic Union of Kurdistan joined the State Administration Alliance that formed the government of Mohammed Shia al-Sudani. Finished / 25 PM
    8 points
  9. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick There's a serious media campaign of the monetary reform. It's getting louder and louder with each passing day...the last week of March has great potential for the monetary reform to expose more to the citizens. MarkZ We are getting a tremendous amount of chatter – surprisingly from Iraq. They seem to be on a expedited time scale. What I am hearing is to watch between the 1st and the 3rd right now. We are still trying to “vet” some things...They keep telling us they are about to have more money…we should listen to them. Henig Article: "The Ministry of Planning discusses the effects of changing the exchange rate on the Iraqi market" Quote: "The meeting discussed a number of proposals and recommendations, which aim to address the repercussions of changing exchange rates on the economic and trade movement...the ministry will submit its recommendations to the Council of Ministers in the near future. Prime Minister Mohammed Shia al-Sudani had directed that the Ministry of Planning study the effects of changing the exchange rate on the Iraqi market." Militia Man They have an agenda...to get their financial system...ceasing the multi-currency practices - which is not using the dollar. It's going to be using the dinar but they're also going to be able to clear on new platforms, all these different currency of the world.
    8 points
  10. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Yes, you can go to the CBI website and it's at 1310 right now. You saw the article. The CBI governor is the one who suggesting/presenting the 1132 exchange rate. When he approves it, it will be on the CBI website. They are talking about that's the next step. I told [Firefly] they're talking about making another change before we get to the 1 to 1. That's exactly what we told you...
    7 points
  11. I wouldn't lose sleep or time dwelling on the 20k note. What's unique about this investment is that Iraq's currency in regards to adding value is what's going to aid them in getting back to the powerhouse they use to be. Just my 2 cents.
    7 points
  12. Everyone is hungry for news. There is quite a bit out there, but the bigger concern is the SOURCE. It appears that we are heading more towards an RI (Reinstatement), although a perhaps kind of a "Hybrid" in the sense that it will possibly include/require a "FLOAT", according to Iraqi leaders. Adam has long been an advocate towards a Float. Remember, while others hyped $10+ IQD RV weekly, Adam held a steady Business/economic approach to Iraq's recovery. His biggest legacy is the creation of this site, Community it created, the Education it has provided, and the amazing amount of educated, intelligent and creative professional individuals who have taken time out of their lives to become involved and participate in helping others. This has been a Decade-and-a-half ÷ commitment (so far) of Time and Money by many of us, and no one more than Adam. Adam continues to keep this site available for us, AND continues to work on and be prepared for what is ahead of us? If you are not up to speed here, just see how much of the following you are aware of: 1. The US Petro-Dollar days are over! Oil is being purchased with many currencies now, and the US is all but insignificant. 2. Russia - China are allies. 3. BRICS has taken over financially around the globe, with Commodity-backed currencies and wealth (NOT FIAT) and is now larger than the G-7. *DISCLAIMER - I am not a Financial Professional, and this is NOT investment advise! However, I believe it would be prudent to consider options. I understand Iraqi leadership has said that they will be returning the value to what it once was which is arguably in the $3.50 range. Is a strong likelihood that it will come out lower than that (perhaps $1.50?) and then float up over a period of time (which could be days or even years?) No one knows the answers of that that is able to talk about it. The option that I have felt the most comfortable about (having heard a number of them bantered about) is that should tu he IQD come out at a rate of $1.50 +/- that if a person were to cash in at that amount and then go into precious metals (silver and gold) that it is expected to more than double in the next year. And there's argument made that gold could go 4 times what it currently is at about $2,000 an ounce up to $8,000 an ounce. I don't believe there's too many people who doubt that gold is going to go from $2, 000 to at least $3,000 this year but most likely more than $4,000. If you investigate and share those beliefs then you can see how even by cashing in a percentage of what your holdings are (or perhaps all of it) doubling in the next year in Precious Metals, would be the same effect as waiting for your RI to float up from a $1.50 to $3.50 +/-. Similarly you may be able to invest into land Farmland traditionally goes 8% per year every year regardless of the economy and there's only so much of it (they aren't making any more of it). Many people I know believe that we are going into a reduction in values of perhaps 20% to even 50% on land and housing values? If that comes to be true, then had you put money into precious metals and sold some of that off 2 years from now, and over a couple of years after that when it comes back, you would have significant wealth retention. I don't know that I've answered any questions here, but at least I hope I provided some food for? Good luck to us all and hopefully our investment strategies have worked well for us and the education we've gained here on DV has been well worth the investment (I certainly believe mine has).
    7 points
  13. From WRAL-TV; Winning MegaMillions Numbers Tuesday, March 28, 2023 02 03 18 32 68 MB 24 Megaplier 4X Congratulations Markinsa and 429! Each of you matched tonight's Megaball # 24! Sorry; We had no other winning matches.
    7 points
  14. The way inflation is eating up the purchasing power of the Dollar...we don't need any outside help...OBiden's doing one hellava job making the Dollar disappear on it's own. Go Creepy.
    7 points
  15. 6 points
  16. Maybe they need to talk about it for another 18 years, so it kinda has time to soak in that's it's a good thing for the people. Wouldn't wanna rush into anything.... Meanwhile, keep on stealing & sand bagging why don't ya.
    6 points
  17. AND I SAY UNTO YOU,THE DINAR WILL COME FORTH AND BE A BLESSING TO ALL YE, AND BRING FORTH AN ABUNDANCE OF WEALTH! OUR COMING MONTH OF APRIL WILL HOLD YE HIGH ALL TIDINGS OF GREAT JOY!
    6 points
  18. This could be the first step in getting away from an oil dependent economy. Iraq shows willingness to establish a duty free zone in the region which shows great future potential. IMHO.
    6 points
  19. yep..1309 is not the move...in MHO I believe the will remove the zeros...
    6 points
  20. agree with this interpretation... yep agree and this is why they need to remove all MCP, unify exchange rates move to a single exchange rate and being under a program rate will not stop these fluctuations.
    6 points
  21. I am trying not to get too excited but some of the news is fab. Even if it is rumours.
    6 points
  22. That's NOTHING! Dementia Joe spends that much before he finishes his morning ice cream!
    6 points
  23. me too very exciting times....
    6 points
  24. the fact they keep repeated the same message over and over again says they are waiting on the go ahead...
    5 points
  25. Al-Hakim and Al-Amiri are discussing with Talabani the national rapprochement and the legislation of important laws Sayyid al-Hakim and al-Amiri discuss with Talabani national rapprochement and the legislation of important laws - Iraq News (iraqakhbar-com.translate.goog) Baghdad - Thehead of the National Wisdom Movement, Ammar al-Hakim, and the head of the Fatah Alliance, Hadi al-Amiri, discussed with the head of the Patriotic Union of Kurdistan, Pavel Talabani, national rapprochement and the enactment of important laws. Meanwhile, the office of the head of the Al-Fatah Alliance stated, in a statement received by the Iraqi News Agency (INA), that "Mr. Hadi Al-Amiri received in his office in Baghdad the President of the Patriotic Union of Kurdistan, Mr. Pavel Talabani and his accompanying delegation, and the two sides discussed many important files and the importance of continuing the national rapprochement between The center and the region, and providing the appropriate ground for the current government in order to resolve all outstanding issues in accordance with the constitutional and legal frameworks. The two parties stressed, according to the statement, the importance of completing important legislation during the current stage, including the general budget law, the oil and gas law, and other laws that are directly related to the interests of citizens. He found his support for any step that contributes to improving the living and service reality of the citizen.Meanwhile, the office of the head of the Fatah Alliance said in a statement received by the Iraqi News Agency (INA), that “Mr. Hadi Al-Amiri received in his office in Baghdad the President of the Patriotic Union of Kurdistan, Mr. Pavel Talabani and his accompanying delegation, and the two sides discussed many important files and the importance of continuing the national rapprochement between the center and the region, and providing the appropriate ground for the current government in order to resolve all outstanding files in accordance with the constitutional and legal frameworks." According to the statement, the two parties stressed the importance of completing important legislation during the current stage, including the General Budget Law, the Oil and Gas Law and other laws that are directly related to the interests of citizens.
    5 points
  26. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man In the final stage, what we're expecting is the education of the citizens. On the street we're hearing that the citizens have been told about new things that are coming and it has to do with their currency. Not money but currency. Clare Article: "Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement" Quote: "Salih reassured the Iraqis that Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, which gives strength to the Iraqi dinar... The central bank's reserves today are around $115 billion, which is the largest reserve in the country's history." Frank26 Early summer of last year I started to tell you, you needed to start paying attention because...they are about to tell the Iraqi citizens everything about the new small category notes...back then...I said there wouldn't be any coins right away...UPDATE! UPDATE! ...it turns out the coins are coming out...what did you see this month? Articles about coins ...this is the month of March where they are educating them IMO. In the month of April IMO is where they are going to show them...new small category notes, with a new exchange rate and coins.
    5 points
  27. Why would they print 20K dinar if they're planning to release new lower denoms and RV the iqd ( unless they have other back up plans? )? It's wasting money and printing a new currency costs a fortune.
    5 points
  28. 5 points
  29. Very interesting timing. This will show the world that Iraq is a sovereign country. Go sovereignty Go Security Go Stability Go Stronger Dinar $1+
    5 points
  30. I'm pumped, even if Engine1 is not...lol pp
    5 points
  31. The Democrat reveals a consensus within the state forces to pass the oil law soon The Democrat reveals a consensus within the state forces to pass the oil law soon 3-29-2023 Information / Baghdad.. The leader of the Kurdistan Democratic Party, Representative Mahma Khalil, confirmed, on Wednesday, the existence of a political consensus within the coalition of state forces to pass the oil and gas law during the current parliamentary session, indicating that this consensus contributed to resolving the differences between Baghdad and Erbil. Khalil said in a statement to Al-Maalouma, that “the multiple meetings between the federal government and the leaders of the Kurdish parties, as well as the technical delegations that held dozens of meetings, led to the existence of a political will to solve the issue of legislation of the oil and gas law.” He pointed out that “the current stage is stronger to push behind the adoption of the law than before, because of those positive meetings and understandings that took place between the federal government and the region during the past months and at the highest levels.” He added that “all the forces of the state coalition are unanimous in approving the oil and gas law and speeding up its legislation, and ending the problems with the Kurdistan Regional Government,” expecting that “the next stage will witness the inclusion of the law in the parliament’s agenda for its passage.” It is noteworthy that the relations between the federal government and the Kurdistan region have witnessed a remarkable improvement, especially after the accession of the Kurdistan Democratic Party and the Patriotic Union of Kurdistan to the State Administration Alliance, which formed the government of Muhammad Shia al-Sudani. almaalomah.me
    4 points
  32. Ty again 6ly410 If i read this right we now have oil in the 80 dollar range and if these people can now finish the oil and gas law the windfall to them both I think would be enormous to them as much for us. goHCL
    4 points
  33. Barzani's party: The Shiite framework pledged that the oil and gas law will be for the benefit of the region Barzani's party: The Shiite framework pledged that the oil and gas law will be in favor of the region – Iraq News Network (aliraqnews.com) Last Updated: March 29, 2023 - 4:13 PM Baghdad / Iraq News Network - The leader of the Kurdistan Democratic Party, MP Mahma Khalil, confirmed on Wednesday that there is a political consensus within the coalition of state forces to pass the oil and gas law during the current parliamentary session, indicating that this consensus contributed to resolving differences between Baghdad and Erbil. Khalil said in a press statement that "the multiple meetings between the federal government and the leaders of the Kurdish parties, as well as the technical delegations that held dozens of meetings, led to the existence of political will to resolve the issue of legislating the oil and gas law." He pointed out that "the current stage is stronger to push behind the adoption of the law before, because of those meetings and positive understandings that took place between the federal government and the region during the past months and at the highest levels."He added that "all the forces of the state coalition are unanimous in approving the oil and gas law, speeding up its legislation, and ending problems with the Kurdistan Regional Government," expecting that "the next stage will witness the inclusion of the law in the parliament's schedule for passing." Especially after the KDP and the Patriotic Union of Kurdistan joined the State Administration Alliance that formed the government of Mohammed Shia al-Sudani in exchange for a pledge from the latter to implement Kurdish desires.
    4 points
  34. economy What about printing the 20,<> dinar note? The CBE expects a decrease in the difference between the official and parallel exchange rates during the coming period 2023.03.29 - 11:59 The CBE expects a decrease in the difference between the official and parallel exchange rates during the coming period (nasnews.com) Baghdad - Nas The Central Bank expected, on Wednesday, a decrease in the difference between the official and parallel exchange rates during the coming period, and while noting the imminent issuance of a decision on the possibility of printing a denomination of 20 thousand dinars, he explained its procedures in monitoring commercial banks. The Assistant Director General of the Bank's Investment Department, Muhammad Mounir, said in a statement to the official agency of "NAS", (March 29, 2023), that "the packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank, as well as the government's continuous support." "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and measured to the extent of its response and impact on the market and what are its pros and cons, if any," Mounir said. Regarding the printing of new currency denominations, Mounir pointed out that "the Central Bank is amending and updating currency notes in response to market requests and developments and reducing counterfeiting," noting that "the Department of Issuance and Treasury is working to study the possibility of printing a 20,<> dinar denomination, and in the coming days will take the decision to print it or not to print it." Regarding the central bank building, he stressed that "work is underway in full swing and 24 hours a day to complete it." "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams responsible for monitoring the work and performance of banks," he said. He stressed that "the doors of the Central Bank and its phones are open to any complaint submitted by the citizen to banks, one of the financial institutions or traders, and the complaint is met and urgent action is taken."
    4 points
  35. President of the Republic: The need to speed up the adoption of the law of oil, gas and wealth belongs to the people and future generations Time : 2023/03/28 23:34:12 President of the Republic: The need to speed up the adoption of the law of oil, gas and wealth belongs to the people and future generations - Al-Furat News (alforatnews.iq) The President of the Republic, Abdul Latif Jamal Rashid, stressed the need to speed up the approval of the draft oil and gas law. According to a presidential statement received by the agency {Euphrates News} a copy of it that Rashid "received on Tuesday in Baghdad, the head of the Parliamentary Committee on Oil, Gas and Natural Resources MP Haibet Al-Halbousi, the first and second vice-chairmen of the committee, and a number of members of the committee." During the meeting, President Rashid stressed the need to expedite the adoption of the oil and gas law in a way that guarantees Iraqis to enjoy their national wealth with justice and equality, and to be the property of the people and future generations, noting that the adoption of the law is important in resolving outstanding issues between the federal government and the Kurdistan Regional Government. He touched on the need to support the oil industry, especially with regard to investment projects in the sectors of gas, oil exploration and refining industries, and to address the obstacles it faces, stressing that they are priorities in the government program. The President of the Republic stressed the need for planning, good management and modern methods in implementing projects aimed at increasing and improving the level of oil production in the country, and working to find appropriate mechanisms to benefit from the country's gas wealth and not waste it, and reduce dependence on imported oil derivatives. The President of the Republic spoke about his participation in the United Nations Water Conference held in New York, and the realistic picture presented by the Iraqi delegation of the dangers facing the country as a result of the water scarcity that has become affecting the lives and livelihoods of citizens in general. He also stressed the importance of taking urgent measures to confront the water crisis and reduce the severity of these risks by finding innovative and sustainable relief solutions at the local, regional and international levels, stressing that he sensed during his meetings with a number of leaders of the participating countries solidarity and support for Iraq in facing water scarcity and climate change represented by desertification and drought, which bear its burdens significantly. In turn, the Chairman of the Parliamentary Committee on Oil, Gas and Natural Resources affirmed the committee's interest in the directives of President Rashid, and working to invest the country's natural resources in the best way in order to achieve progress and well-being for our country and our people, calling on His Excellency to adopt the water file in order to find solutions to reduce its effects. Al-Halbousi pointed out that the committee is working to approve the oil and gas law, which has been stalled in parliament for years, pointing out that there is a desire among most blocs to legislate this law, which will reflect positively on the promotion and development of the reality of the oil sector in Iraq.
    4 points
  36. 4 points
  37. well all righty then , dont see any reason why iraq cant remove the program rate and get on with the real rate with more reserves ever in their history now
    4 points
  38. Progressives Across Nation Locked Out Of Accounts After CAPTCHA Asks 'Select All Squares That Contain A Woman'
    4 points
  39. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: ”The U.S. Senate voted overwhelmingly...to push forward with legislation to overturn two decades-old mandates to wage wars in Iraq as Congress seeks to reaffirm its role in deciding to send troops to fight...The vote ended with a score of 65 to 28, more than the necessary 60 in the 100-member Senate, paving the way for a vote..." Pimpy Q? : Is the IQD on life support? Yeah it is...Currencies around the world are being crushed right now by the US dollar. That's a fact. Not to mention the fact that on the open market/black market rate...at one time was 1750 dinars. It dropped down to 1500 which is a good moment but...1300 dinars for every dollar is the official rate. I think one of the ways to combat that would be to continue to increase the value of the IQD. Move it from 1300 dinars for every dollar down to somewhere around 1050 dinars for every dollar. It's a huge jump. It's big. It's not small. That's big.
    3 points
  40. The Central Bank announces the imminent issuance of a decision on the possibility of printing the 20 thousand dinars denomination Today, 11:21 Baghdad - Waa - Mohammed Talbi The Central Bank expected today, Wednesday, a decrease in the difference between the official and parallel exchange rates during the coming period, and while indicating the imminent issuance of a decision on the possibility of printing a denomination of 20 thousand dinars, he clarified its procedures in monitoring commercial banks. The Assistant Director General of the Bank's Investment Department, Muhammad Munir, told the Iraqi News Agency (INA): "The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank, as well as the government's continuous support." "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and measured to the extent of its response and impact on the market and what are its pros and cons, if any," Mounir said. Regarding the printing of new currency denominations, Mounir pointed out that "the Central Bank is amending and updating currency notes in response to market requests and developments and reducing counterfeiting," noting that "the Department of Issuance and Treasury is working to study the possibility of printing a 20,<> dinar denomination, and in the coming days will take the decision to print it or not to print it." Regarding the central bank building, he stressed that "work is underway in full swing and 24 hours a day to complete it." "The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams responsible for monitoring the work and performance of banks," he said. He stressed that "the doors of the Central Bank and its phones are open to any complaint submitted by the citizen to banks, one of the financial institutions or traders, and the complaint is met and urgent action is taken."and the complaint is met and urgent action is taken."
    3 points
  41. It is 10% stronger than before. The dinar is moving in the right direction Go stronger dinar $1+
    3 points
  42. 3 points
  43. The US Senate votes unanimously to cancel the two Iraq war mandates TUE, 28-03-2023, PM 3:06 TAYSEER AL-ASADI 135 http://non14.net/public/images/large/9-1680005170.jpg The US Senate voted overwhelmingly in favor of advancing legislation to revoke two decades-old authorizations to wage two wars in Iraq, with Congress seeking to reaffirm its role in making the decision to send troops to fight, while supporters of this decision consider Iraq a strategic partner of the United States. The vote ended 65-28, more than the 60 votes needed in the 100-member Senate, paving the way for a vote on approval later this week. All the "no" votes were from members of the Republican Party. For his part, the chairman of the Senate Foreign Relations Committee said before the vote, Democratic Senator Bob Menendez, that "revocation of these authorizations will show the region and the world that the United States is not an occupying power, that the Iraq war has ended, and that we are moving forward and working with Iraq as a strategic partner." . In turn, supporters of the current bill describe the two authorizations for the use of military force of 1991 and 2002 against Iraq as "dead mandates," noting that "time has become obsolete and inappropriate." Supporters attributed this to the fact that "the wars ended a long time ago, and Iraq became a partner of the United States." Members of Congress said the House has ceded too much power to presidents of both the Republican and Democratic parties to send troops to fight by authorizing, then failing to rescind, wide open warfare. Pointing out that "presidents have used these authorizations for years to justify military action in separate parts of the world." On March 20, 2023, the twentieth anniversary of the invasion of Iraq by the US-led coalition, when the military operation launched on March 20, 2003, overthrew the former Iraqi regime.
    3 points


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