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  1. They are talking about dollars to travel abroad, dollars for medical treatment abroad, dollars for people who study abroad. They need to show documentation to obtain the dollars. The use of dollars inside Iraq is illegal since 1/1/24 Just my opinion
    16 points
  2. 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 2-20-2025 Frank26 Trump and Sudani, that combination IMO is unstoppable for your monetary reform. I dare them to try to stop this now because Trump is there now. Why do I say such a thing? Because both sides have a currency that needs help form each other...This mutual symbiotic relationship is going to be so powerful in the banking industry. Both the American dollar and the Iraqi dinar are about to rule. 2-20-2025 Samson Article: "Official denial and popular fears: The spread of the 'counterfeit' Iraqi dinar causes panic among citizens and traders" 2-20-2025 Militia Man The oil to flow into Turkey hasn't been done yet. And the salaries to the citizens haven't been paid. All of these things need value. What rate are you going to be able to pay those salaries at? What value are you going to apply to the exchange rate with oil crossing international borders? 2-20-2025 DinarDiva1 Kuwait RV March 24 1991, Ramadan that year was March 17- April 15, 1991 - Therefore they RV'd smack in the middle of Ramadan. 2-20-2025 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says the United States of America Federal Reserve and the Treasury praised Iraq...Sudani...banks...CBI, on our cash distribution system that we have in place now. They say it's the fastest in the world. Why would we need something so fast and advanced for 1310? FRANK: It was the US Treasury that established the cash distribution center. I believe we're going to see the new exchange rate soon. This system is in order to facilitate the distribution of the lower notes that are soon to be coming out. This monetary reform is well organized.
    10 points
  3. 8 points
  4. See what happened was…..the camel, the goat, the moon, and the sand mountain were not in proper alignment the day this was to take place so it did not happen.😂😂😂😂
    7 points
  5. New reform plans for the banking sector in Iraq Time: 2025/02/21 10:51:47 Read: 2,565 times {Economic: Al Furat News} The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, stressed that achieving a unified vision to study the conditions of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and developing its performance in the areas of credit, digital payments, and financing economic development. Saleh said in a special statement to {Al Furat News}, "The first vision focuses on the importance of achieving integration between national banks in a way that enhances their role in supporting the Iraqi economy, pointing out that this requires updating the financial infrastructure and adopting modern technologies to meet the requirements of the era. The second vision, according to the financial advisor, is related to developing two comprehensive reform plans targeting the public and private banking sectors, with the aim of improving the performance of these institutions in accordance with international standards. He explained that the reform will include improving governance and financial management and enhancing transparency, which will facilitate the involvement of Iraqi banks in the global financial relations network. Saleh added that the direct goal of banking reform is to enable Iraqi banks to deal more effectively with the outside world, ensuring economic openness and attracting foreign investments, as well as strengthening Iraq's position on the international financial scene. This trend comes in light of the government’s ongoing efforts to develop the financial sector and enhance its role in achieving sustainable development and supporting the national economy, as banking reform is viewed as an essential step towards achieving these goals. https://alforatnews.iq/news/خطط-إصلاحية-جديدة-للقطاع-المصرفي-في-العراق
    6 points
  6. Here's Ariel's two cents worth...The odds of a rate change remains high... Ariel: The Odds of a Rate Change Remain High. ARTICLE: Time Is Running Out. -No liquidity. -No dollar. -No revenue. -No deposits. -No withdrawals. -No market volume. What is the next best thing to do if you plan on making it out of this financial constraint on your economy before more sanctions & more economic turmoil ensues? You change the ER. Which I presume they only have days to do. Turkey is waiting on them to make decisions prior to Monday that will determine the fate of everything else contingent upon this oil export. Majeed: The government may resort to printing new money to cover the deficit Print new notes with small denom that has strong value. Paul Bruno: Seems to say more work needs to be done & the Dinar needs to crash first. I trust him because he’s been the only voice of, not now, with reason. You can not crash your way into a new ER like some unexpected hard drop in value then all of sudden this miraculous ER comes in & saves the day. A “crash” could occur if confidence in the Dinar erodes due to external shocks (e.g., sanctions, oil price drops) or internal mismanagement, but it’s not a prerequisite for a rate change. Something that is looming overhead due to their procrastination & reluctance because many will be going to prison after this. They know the corruption will come to an end. This is why they are dragging their feet & being forced into compliance. The CBI could act preemptively to prevent such a crash by adjusting the rate based on current economic data & projections. This is why it is smart of them to do this now to avoid this. You have to know in order for you to have proper confidence in somebody else notion. You all keep riding the fence & two horses at the same time. A crash would be destabilizing & counterproductive to Iraq’s current goals of stabilizing salaries, managing oil revenue & avoiding public unrest. Instead, the CBI is more likely to adjust the rate proactively potentially this week or before February ends. Based on economic necessity, oil export resumption & fiscal pressures, as outlined in posts by Majeed & other developments we’ve discussed. The odds of a rate change remain high (70-80% this week, 80-90% before month-end) without requiring a Dinar crash. If anything, the CBI would aim to prevent such a crash by acting decisively now. This is why the media in Iraq is now talking about introducing new currency & urging a rate change. Why? Because they want to avoid the very thing that @snwse21 claim needs to happen prior to the new ER.
    6 points
  7. The Central Bank reassures citizens via "Baghdad Today": No instructions to prevent the delivery of "dollars" Economy |Today, 15:36 | +A-A Baghdad Today - Baghdad A responsible source in the Central Bank of Iraq denied, today, Thursday (February 20, 2025), the issuance of instructions to prevent citizens from receiving any amount in hard currency from banks. The source confirmed, in a statement to "Baghdad Today", that "the talk about issuing instructions from the Central Bank to prevent the delivery of any amount in hard currency is incorrect," noting that "there is no shortage of hard currency, especially the dollar, and that citizens receive their money normally." The source, who requested anonymity, added, "The process of citizens depositing their money, whether in dollars or local currency, continues on a daily basis in government banks and others, and there are no fears of a shortage in the dollar reserves in Iraqi banks during the next stage." This denial by the Central Bank comes amidst rumours about restrictions on the delivery of dollars to citizens, in light of the economic challenges facing the country. The market has been witnessing fluctuations in the exchange rate of the dollar against the dinar for some time, which has raised concerns among citizens and traders about the possibility of imposing restrictions on dollar transactions. https://baghdadtoday.news/268340-البنك-المركزي-يطمئن-المواطنين-عبر-بغداد-اليوم-لا-تعليمات-بمنع-تسليم-الدولار.html
    5 points
  8. I like the way he is thinking now speed up work faster
    5 points
  9. Why can't you just put it in the correct forum? No body said anything about NOT liking. So, you want her to remove you from the site? Just, Log out of your done. Take a break if you have to, we all have moments. But I 🙏🏻 we're of this roller coaster ride soon...lol, yes, I said, "soon". Have a good day!
    5 points
  10. Don't know how confirming this article is, but it says that date in this article... https://www.banknoteworld.com/blog/gulf-war-money-the-kuwaiti-dinar/?srsltid=AfmBOopUT8noUeVnvGum4VdDIFGEuqEe2jUUgWxXrxccqvF5V2wl56Zj
    5 points
  11. MM 21 Feb 25 04 07 11 20 52 MB 06 PB 22 Feb 25 05 08 14 23 53 PB 06
    5 points
  12. "aimed at developing the banking sector and ensuring its effective integration into the international financial system.” 👀👀
    5 points
  13. 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 2-20-2025 Fnu Lnu One member of the Singapore Investment Group has been in San Francisco since Sunday. I finally got an opportunity to speak with her for an extended amount of time. She filled me in on some of the details. The Iraqis have proven to be less than attentive students. Learning is going slowly with some of the principles being resistant to the global methods and technical operations. She is getting these reports directly from one of the consulting group members, but would not say which one. Could be Wyman or K2. This may take a little time. Realize, an entire generation has passed so the youth have never known efficiency or the sense of urgency nor have they ever had purchasing power for the worthless currency. It is a sad situation to say the least. Meanwhile, we wait. 2-20-2025 Clare Article: "Sistani's office expects the beginning and end of Ramadan without completing the waiting period " Quote: "The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month." 2-20-2025 Samson Article: "Justice publishes personal status laws, general amnesty and return of properties to their owners in the Official Gazette" 2-20-2025 Frank26 Article: "New US sanctions shake Iraqi banking sector, ban use of payment cards abroad" Lies! Be careful what you read. Article: "Al-Nusairi: No sanctions on Iraqi banks, and false reports cause panic" SETTING THE RECORD STRAIGHT ON THE MONETARY REFORM OF IRAQ...You know very well that we're very close and you know very well when you're very close they're going to try to [hide, distract, over the truth]. It's not a coincidence that their government and our government is a mirror image. It's not a coincidence.
    5 points
  14. 2-20-2025 MarkZ When the bond holders get their money …we are very close. On the positive side…things just lit up. A number of bond holders have told me they expect to get their payments late this week into early next week. This has come from many sources on 3 different continents. Since it came from so many sources I believe it’s safe to say that bond holders will soon have cash. It is my understanding the bond holders should get full payments. They been flying into Reno every day for the past 20 years & Bondholders & Whales are getting paid over & over for 20 years. I only want to get paid just once. Is that asking for too much? Go RV.
    5 points
  15. TERMS for Weekly MegaMillion & Powerball Entries Pool(s) is (are) open to identifiable/registered DV MEMBERS ONLY (Sorry, no extended family or friends... or Lopsters, as they are not allowed in the regular forums, and therefore cannot comply with the rules). One SET of numbers per ENTRANT per POST per FAMILY (Multiple members in a family may participate under ONE ENTRANT ONLY). (Please select CASH OPTION when purchasing numbers/ticket). Annuity tickets will not be disqualified and will be factored accordingly if determined a winner, but our preferred intent is for the lump sum payout. A DV Member may purchase and post up to ONE ticket for ANOTHER DV Member (except Lopsters), with that member's acknowledgement and consent. ONE SHARE per entrant of any winnings of the JACKPOT (CASH OPTION!!!) only (Approx. $100 million minimum drawing) Winning ticket/entrant agrees to share EQUALLY with ALL qualified entrants in this thread. Qualified entrants must have numbers/entry posted prior to drawing date/time. Qualified entrants must have a physical ticket to present upon winning, to prove their pledged participation. HOLD onto your "LOSING" ticket. Take a picture of your "LOSING" ticket as a possible backup verification. Winning entrant is responsible for ALL communication with, and coordination of, winning shareholders immediately after the drawing. ALL winning participants/shareholders agree to respect and abide to the PRIVACY terms of the WINNER. Disclosure of identity of winning entrant is sole discretion of winner. This is for the security and safety of all. Winning shares will be dispersed upon final consensus and WRITTEN AGREEMENT, guaranteeing individual preferences, privacy and security. By posting your pledged ticket/numbers in the thread(s), YOU AGREE TO THE TERMS POSTED ABOVE. The following has been added to the rules as of 9/17/2016 to clarify a question about participation: NEW RULE! Ticket/numbers entered into THIS DV POOL are for this pool exclusively. It may not be entered into other pools. Its entry into the DV POOL is time-stamped as verified by the post, and acknowledged by the entrant that it is exclusive to DV. Should it be found that the WINNING TICKET is entered into multiple pools, WE will claim that ticket as the WINNER for the DV POOL EXCLUSIVELY, irrespective of the time-stamp of other pools. Should another pool have a similar rule, or no rule to this regard, the time-stamp may be an effective qualifier if necessary to determine the participant's intent, as well as order of participation. $100M Minimum is waived for both drawings.
    4 points
  16. Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Rafidian Bank Goes On The Electronic Q System. -We Have Indicated a Clear Renaissance In Our Nat'l Industries. -Iraq Stock Exchange: Traded Shares Worth More Than 9 Billion Dinars. -Oil Prices Fall As US Crude Inventories Rise. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Rafidain Bank Enhances The Efficiency Of Its Services By Expanding The Application Of The Electronic Q System. ARTICLE: Rafidain Bank announced the expansion of the application of the electronic Q System to manage & organize customer waiting, to include more than 27 branches in Baghdad & the governorates, with a gradual plan to generalize it to other branches later. The bank stated in a statement: "This trend reflects the bank's commitment to adopting the latest banking technologies to ensure the provision of more efficient & faster services, as the system provides an advanced mechanism to organize the movement of customers within the branches, reduce waiting periods & determine the order of customers according to service priority, with an accurate time estimate for completing transactions. He added: "This development comes within the bank's vision to enhance digital transformation & raise the level of customer satisfaction, by providing innovative solutions that contribute to improving the efficiency of banking operations & providing a smoother & more accurate experience. -Financial Supervision: We Have Indicated A Clear Renaissance In Our Nat'l Industries. The Federal Board of Financial Supervision indicated the presence of signs of progress in the national industrial reality during recent years & while the Board indicated that Iraq relies in its federal budgets on the revenues of its oil exports to a large extent, it called for the implementation and activation of the consumer protection & local product laws to advance it. The Assistant Director General of the Industrial Activity Audit Department at the Bureau, Dr. Iyad Aziz Saleh, said in an interview with "Al-Sabah", followed by "Al-Eqtisad News", that "the industrial sector in Iraq is one of the most prominent components of the non-oil economy & strategies have been adopted to encourage & enhance investment, which were set by the Investment Law of 2006 (amended) in order to raise the efficiency of the performance of industrial companies that aim to produce & market manufactured products according to approved specifications for each product to meet local needs," Noting that "there are standard products to meet the needs of the consumer such as (cement, dairy, soap and oils) & non-standard products that are produced according to demand such as the manufacture of electric generators of various capacities & voltage transformers, which are equipped only according to the needs of the Ministry of Electricity." He added, "Some companies have obtained a certificate from the int'l ISO organization, which is an independent body. These specifications are a series of frameworks that help the department manage its business effectively & confirm and guarantee the quality of products such as Iraqi cement & food products." dilapidated production lines. Saleh explained that “the majority of industrial companies in the country operate at low capacity due to the old machines, equipment & production lines, as most of them date back to the seventies & eighties of the last century, as they operate with old technology that does not keep pace with the progress achieved in the industrial sector, as well as the inability of the national grid to supply many factories with electrical power & the openness of the local market to imported products, which had an impact on the lack of competition of national products in market prices & quality.” He stressed that "the Ministry of Industry and Minerals has adopted a plan to rehabilitate & develop most companies through partnership contracts with the private sector, based on the Public Companies Law No. (22) of 1997 (amended), which regulates the work of state-owned public companies in partnership or partnership with a foreign company to implement work within its activities inside Iraq, relying on the legal basis of partnership contracts within the aforementioned law, which gave companies the right to participate with Arab & foreign companies & institutions to implement work related to the company's objectives inside Iraq. As well as relying on the Investment Law No. (13) of 2006 (amended), including public sector projects contracted to rehabilitate or operate with the private & mixed sector with all the advantages and guarantees included in the aforementioned law & the law applies to projects that were contracted before the enforcement of this law." Merger Of Companies: He continued, "The Ministry of Industry worked on merging companies based on Cabinet Resolution No. (360) of 2015, but most of these companies were exposed to problems & obstacles as a result of not completing their merger procedures, such as the General Company for Design & Implementation of Projects, which was established as a result of the government reform plan after the merger of three previous companies, which suffers from not completing the legal procedures for the merger, which led to the absence of final accounts certified by the Federal Financial Supervision Bureau for the merged companies, which stipulated in the merger resolution that the rights & obligations of the three companies be transferred to the parent company." He explained that “the termination of contracts for companies is done through the legal department in them & taking measures according to the terms of the contract against the defaulting companies & there may be an extension of the contract period to give an opportunity to complete the implementation of the contract or terminate it,” noting that “the regulatory bodies present in the government departments audit the concluded contracts & implement them according to the plan of the Bureau & record the regulatory observations regarding them & the extent of compliance with the terms of the contracts & other laws related to them.” Protection laws: Saleh called for "activating the Iraqi Products Protection Law No. (11) of 2010 (amended) after the changes that occurred in the Iraqi economy & opening markets to global trade and flooding local markets with foreign products similar to local production at a lower price, which led to hindering the establishment of a local industry & the loss of fair competition." He stressed that "Iraq today is in dire need of activating customs tariff laws, as it relies in its federal budgets on oil export revenues by approximately (90 percent) & Consumer Protection Law No. (181) of 2018 must be activated as it is one of the regulations designed to guarantee consumer rights, fair trade & competition, which was designed to prevent acts related to fraud or unfair practices to obtain more advantages over other competitors & also provides additional protection for the most vulnerable groups in society." Aziz expressed his hope to protect the local product "in a way that guarantees support & protection of industrial projects & their ability to compete with industries in neighboring countries." -Iraq Stock Exchange: Traded Shares Worth More Than 9 Billion Dinars. The Iraq Stock Exchange announced today that the value of traded shares amounted to more than 9 billion Dinars in five sessions organized during the 3rd week of February. According to the weekly trading indicators of the market, these sessions were organized from Sunday until Thursday of the current week, which is about to end & with which the market closes its doors until Sunday of next week. The number of traded shares during this week amounted to more than 8 billion shares with a financial value exceeding 9 billion Dinars. The ISX60 market trading index closed for the first session of the week at (1065.06) points, while the index closed at the end of the week at (1056.79) points, achieving a decrease of (0.78%) from its closing at the beginning of the session. The ISX15 market trading index closed for the first session of the week at (1150.68) points, while the index closed at the end of the week at (1137.97) points, achieving a decrease of (1.12%) from its closing at the beginning of the session. During the week, (3536) purchase and sale contracts were executed on the shares of companies listed on the market. -Oil Prices Fall As US Crude Inventories Rise. Oil prices fell "slightly" on Thursday after an industry report showed a build in U.S. crude inventories & as tariff concerns weighed on sentiment, reversing gains made in the previous session on worries about supply disruptions from Russia. Brent crude futures were down 22 cents, or 0.29 percent, at $75.82 a barrel by 01:35 GMT. U.S. West Texas Intermediate crude fell 30 cents, or 0.42 percent, to $71.95 a barrel. In addition to rising U.S. inventories, the Trump administration’s announced tariffs on imports could weigh on oil prices by raising the cost of consumer goods, weakening the global economy & reducing demand for fuel. Concerns about European & Chinese demand have also helped keep prices in check. But concerns about other oil supply flows limited losses. Russia said oil flows through the Caspian Sea pipeline, a major route for crude exports from Kazakhstan, fell by 30% to 40% on Tuesday after a drone attack in Ukraine on a pumping station. U.S. crude inventories rose by 3.34 million barrels last week, market sources said on Wednesday, citing data from the American Petroleum Institute. Gasoline stocks rose by 2.83 million barrels, while distillate inventories fell by 2.69 million barrels, the sources added.
    4 points
  17. The goats latest news letter doesn't sound hopeful of any movement anytime soon.
    4 points
  18. Member of Parliamentary Finance: The failure of the 2025 budget tables to reach Parliament is hindering the work of spending {12/1} Time: 2025/02/21 14:18:45 Read: 1,410 times {Economic: Al Furat News} Member of the Parliamentary Finance Committee, Jamal Kojer, confirmed that the 2025 budget schedules have not yet reached Parliament. Kocher told {Euphrates News} agency, "Despite the government's commitment to the requirements of Article 71 of the 2023 Budget Law, which obligates it to send the schedules on time annually." Kocher pointed out that "the 2024 budget schedules cannot be voted on as an alternative to the 2025 budget, explaining that work is not being done according to Law (12/1) because the approved budget is not annual, but rather a three-year budget covering the years 2023, 2024 and 2025." He explained that "disbursements during the year 2025 will be based on the share (12/1) of that year's budget within the time frame of the three-year budget." https://alforatnews.iq/news/عضو-في-المالية-النيابية-عدم-وصول-جداول-موازنة-2025-للبرلمان-يعرقل-العمل-بصرف-12-1
    4 points
  19. Parliamentary Investment Committee warns: Delay in budget schedules threatens to halt projects Time: 2025/02/21 15:54:05 Reading: 915 times {Economic: Al Furat News} Asaad Al Bazouni, a member of the Parliamentary Investment Committee, warned of the repercussions of the delay in approving the 2025 budget schedules. Al-Bazouni told Al-Furat News Agency that "this delay will negatively affect the progress of public projects and lead to many delays affecting various segments of society, including citizens, people with special needs, employees, and social welfare programs." He stressed that "not approving the budget as soon as possible will lead to the suspension of many vital projects that contribute to stabilizing the country's economic and living conditions, in addition to its direct impact on infrastructure development plans and enhancing comprehensive development." Al-Bazouni called on "officials to expedite the resolution of the budget to avoid any disruption that hinders the national development process." https://alforatnews.iq/news/الاستثمار-النيابية-تحذر-تأخر-جداول-الموازنة-يهدد-بتوقف-المشاريع
    4 points
  20. 2-20-2025 Militia Man The oil to flow into Turkey hasn't been done yet. And the salaries to the citizens haven't been paid. All of these things need value. What rate are you going to be able to pay those salaries at? What value are you going to apply to the exchange rate with oil crossing international borders? Yup. There are protests in Erbil & Tikrit planned for this weekend. After many broken promises of getting paid with back-pay going back to 2023, many are still waiting to get paid. Teachers, civil servants & Iraqi contractors have not been paid in spite of GOI saying they have been paid. This is from many Iraqi news articles over the last few months. GOI can only hide the problem for so long as things will soon come to a boil. There is no excuse for this as Iraq is swimming in wealth. If Iraqis don't get paid...we don't get paid. IMHO.
    4 points
  21. 2/21 MM 17 23 33 66 68 mb25 2/22 PB 08 29 59 60 61 pb06
    4 points
  22. confirmation not that I dont trust them?🤣
    4 points
  23. MegaMillion for 2/21 02 04 14 35 51 MB 13 PowerBall for2/22 TexasGranny 04 11 20 28 62 PB 14 Jetman 15 41 53 63 65 PB 22 babycakes61 07 08 31 37 45 PB 21
    4 points
  24. 4 points
  25. 2-20-2025 Samson Article: "Justice publishes personal status laws, general amnesty and return of properties to their owners in the Official Gazette" HUGE: This is even a bigger story than what it seems like on the surface. This will pave the way to protection for the foreign investors. IMHO.
    4 points
  26. Here's some articles of Dinarian interests... -Inauguration Of An Int'l Financial & Commercial Center In Sulaymaniyah -No Problems In Financing The Budget For Salaries & Revenues Are Running Regularly.Value Of The GDP In Iraq, While Revealing The Reason For The Weak Size Of Citizens' Deposits In Banks. -King Salman Approves Saudi Riyal Currency Symbol. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Inauguration Of An int'l Financial & Commercial Center In Sulaymaniyah. ARTICLE: On Thursday, an international financial and commercial center was inaugurated in the city of Sulaymaniyah. It is the 1st of its kind in the Kurdistan Region & the rest of Iraq in terms of specialization. Employees considered this a step to localize their salaries & end the crisis that has been ongoing for years . Sulaymaniyah Governor, Haval Abu Bakr, said in a press conference attended by Shafak News Agency, during the opening ceremony of the center, "This center will provide a suitable environment for banks, financial markets & investment companies to work according to the legal frameworks approved in Iraq & the region ." He added, "All banks, stock markets, financial & commercial institutions can establish branches within this center, according to the controls issued by the specialized authorities in the federal government & the region," indicating that "this step constitutes a qualitative transformation in the financial & commercial sector of Sulaymaniyah, which enhances its position as an economic hub at the level of Iraq ." In another context, a group of protesting teachers, who had previously demanded that their salaries be transferred directly from Baghdad, welcomed the decision to open two branches of the CBI in the region & considered this step a prelude to implementing the Federal Court’s decision issued on February 21, 2024, which stipulates the “localization” of the salaries of the region’s employees through the federal government . However, this issue is still controversial among political circles, as some believe that transferring salaries to Baghdad aims to undermine the regional government & influence its authority, while others consider it a necessary solution to end the crisis of delayed salaries that has been ongoing for more than ten years . In this context, the governor of Sulaymaniyah explained that "the mechanism for distributing salaries has not yet been decided," noting that "discussions are still ongoing about whether salaries will be distributed through the regional government as in previous years, or whether they will be transferred directly from Baghdad ." While the opening of the financial and commercial center in Sulaymaniyah is an important step to boost economic activity, resolving the issue of salaries will remain an influential factor in financial and living stability in the region. For more than a decade, Kurdistan cities have been suffering from a crisis of delayed salaries due to financial disputes between Baghdad & Erbil, which has prompted some groups, such as teachers and employees, to demand that their salaries be paid directly from the federal government . On February 21, 2024, the Iraqi Federal Court issued a decision to localize the salaries of the region’s employees, but it has not been implemented yet due to administrative and political complications. The opening of the financial and commercial center in Sulaymaniyah constitutes a turning point in the economic scene, amidst the ongoing controversy over the future of financial management in the region . -Tishwash: Government Advisor: No Problems in Financing The Budget For Salaries & Revenues Are Running Regularly. The PM's Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, the stability of cash resources & ensuring the flow of salaries &d pensions. While he pointed out that government spending positively affects 85% of the movement of total demand, he pointed out that there are no problems in financing the Budget for salaries & oil & non-oil revenues. Saleh told the Iraqi News Agency (INA): "There are priorities in the state's General Budget that focus on ensuring the monthly flow of salaries for workers in the government sector and public companies, in addition to recipients of grants, wages, retirees & social care categories." He added that "the priorities come within the current section of the General Budget," stressing that "there are no problems in the flow of cash resources to the Budget, whether from oil or non-oil revenues." Saleh explained that "what is being circulated about financial difficulties are imaginary scenarios aimed at creating a state of uncertainty," noting that "about 8 million Iraqi citizens benefit from monthly payments that cover the needs of about 35 million Iraqis monthly through the family support system." He continued, "Coordination between monetary & fiscal policy works to provide the best performance & stability for monthly government spending, which is known as the "fiscal space," which ensures speed & flexibility in financing fiscal policy in line with the "monetary space" in monetary policy." He pointed out that "the stability and effectiveness of monetary & financial policies contribute to enhancing economic confidence & providing the necessary protection for the Iraqi economy from future challenges." -Tishwash: The Gov Of The CBI, Ali Al-Alaq, Confirmed That Joint-Stock Companies Constitute Only 2% Of The Value Of The Gross Domestic Product In Iraq, While Revealing The Reason For The Weak Size Of Citizens' Deposits In Banks. Al-Alaq said during the opening and introduction of the International Center for Finance & Trade in Sulaymaniyah Governorate, which was followed by (Al-Rabia), that "financial centers are economic levers and need modern financial infrastructure & technologies," noting "the importance of financial centers in stimulating the economy & attracting investments, which requires developing the financial infrastructure to keep pace with global changes. The PM's advisor confirmed that "government spending constitutes about 50% of the country's GDP annually, positively affecting more than 85% of the movement of total demand in Iraq, which supports the sustainability of economic activity & protects it from the risks of recession." He pointed out that "economic policy pays close attention to ensuring the timing of operational spending without interruption, as the annual inflation growth rate did not exceed 3%, which reflects precise control over the management of cash liquidity & public spending." He pointed out that "these centers focus on the most important engines of the economy," stressing that "countries that have such centers have been able to achieve great achievements, as financial centers play a major role in stimulating & organizing the economy, as proven by reality, experience, numbers & data." He stressed that "the financial aspect in Iraq needs more vitality & innovation to harness resources towards growth & construction," noting that "there is a huge amount of money inside the country, but it is not invested in the best way, as it is isolated from economic activity or hoarded without real benefit." He stressed that "this is a fundamental issue that requires thought, initiatives & innovations to invest this money to serve growth & employment," noting that "the best way to attract and mobilize this money is to establish joint-stock companies that attract scattered capital, no matter how small its amounts are." He pointed out that "Iraq suffers from a significant shortage" in joint-stock companies, as their contribution to the GDP is only 2% of the GDP, which is the lowest percentage in the region compared to the Middle East & North Africa countries, where the percentage reaches 55%, while in developed countries it ranges between 80% and 90%, which requires new ideas & centers capable of moving this field." The governor stressed that "Iraq has huge investment opportunities that can be exploited through partnerships between various capabilities, especially the available financial capabilities, but they do not find a clear scope for investment, which calls for a major role for financial centers in moving & establishing joint-stock companies in profitable strategic sectors." He also pointed to the weak volume of citizens' deposits in banks, explaining that "the reason is not only due to lack of trust, but also to the availability of other investment opportunities that achieve greater returns than bank interest, as anyone can now invest their money through digital platforms & contribute to global projects without having to rely on traditional bank returns." The gov of the CBI provided an example of developments in digital investment, noting that "some The platforms allow a group of people to participate in purchasing real estate in global cities such as London, where investment is based on the highest potential returns globally. He noted that "the world is witnessing a financial revolution supported by technology & artificial intelligence, which will lead to major transformations in the nature of economic activity," noting that "the 10 largest companies in the world currently belong to the technology & communications sector, outperforming oil & traditional industry companies, as their market value ranges between 2-3 trillion Dollars," stressing that "banks in the near future will transform into fully smart electronic platforms, which will radically change the way financial & investment transactions are conducted." He stressed the "necessity of transforming financial centers into strong economic levers, so that they play a fundamental role in attracting investments, regulating financial flows & benefiting from modern technologies," indicating that "this center has a major task ahead of it to move in these directions." The CBI reveals the reason for the weakness of citizens' deposits in banks: The money is huge -Tishwash: King Salman Approves Saudi Riyal Currency Symbol. The Saudi monarch, King Salman bin Abdulaziz Al Saud, approved today, Thursday, the symbol of the Saudi riyal currency in a historic step aimed at strengthening the identity of the national currency. According to the Saudi Press Agency (SPA), the Governor of the Saudi Central Bank (SAMA), Ayman bin Mohammed Al-Sayyari, expressed his thanks & appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, & to the Crown Prince Mohammed bin Salman, PM, on the occasion of the launch of the Saudi riyal currency symbol. Al-Siyari explained that the decision contributes to strengthening the Kingdom’s financial identity at the local, regional and int'l levels, noting that the application of the currency symbol will begin gradually, as it will be included in financial & commercial transactions & various applications in coordination with the relevant authorities. Al-Siyari pointed out that this initiative aims to encourage pride in national identity & cultural affiliation, as well as highlight the status of the Saudi Riyal & enhance confidence in it, as well as highlight the Kingdom’s prominent role among major global economies & G20 countries. According to the agency, the national currency symbol, which was designed according to the highest technical standards, reflects the Kingdom’s culture & rich heritage. The symbol bears the name of the national currency “SAR” with a design inspired by Arabic calligraphy & enhances the representation of the Saudi riyal in the local, regional and international context, making it suitable for use in all financial & commercial transactions.
    3 points
  27. Deja Vu' all over again with this issue.
    3 points
  28. I think they should make it threaten salaries, not projects. That tends to lubricate the wheels of progress.
    3 points
  29. This is a great statement. For my own thoughts, this has been the major thing that I have been keeping an eye out for. I think them actually using dinar internationally instead of trading in dollars will be a key indicator.
    3 points
  30. Belated Valentine's Day card I think. Roses are red Violets are Blue Take your heads outta your butts Or woe be unto you Friendly & caring huh 🤣
    3 points
  31. Trump Justice: Staffer to Be Fired for Helping DOGE Is Suddenly Put in Charge of Entire Agency A generation ago, singer Bob Dylan could have been commenting upon what would happen to one little-known federal worker when he wrote, “For the loser now / Will be later to win / For the times they are a-changin’.” Are they ever. As noted by The Washington Post, Leland Dudek, who had been in charge of the Social Security Administration’s anti-fraud office, was recently named acting commissioner after the previous acting commissioner Michelle King departed. But the story was deeper than just one manager moved into a vacancy, according to The Daily Wire. The tale of Leland Dudek is one that offers a peek into a world of vendettas and vengeance taking place across the federal bureaucracy as the Department of Government Efficiency trains its big guns on where taxpayer money actually goes. Dudek explained what took place in a since-deleted LinkedIn post. “At 4:30pm EST, my boss called me to tell me I had been placed on administrative leave pending an Investigation,” Dudek wrote. “They want to fire me for cooperating with DOGE.” “I confess. I helped DOGE understand SSA. I mailed myself publicly accessible documents and explained them to DOGE. I confess. I moved contractor money around to add data science resources to my anti-fraud team. I confess. I asked where the fat was and is in our contracts so we can make the right tough choices.” “I confess. I bullied agency executives, shared executive contact information, and circumvented the chain of command to connect DOGE with the people who get stuff done,” the post continued. Dudek then offered his explanation for cooperating with what has become the enemy of entrenched power: “Everything I have ever done is in service to our country, our beneficiaries, and our agency.” The Daily Wire reported that, based on a source it did not name, Deputy Commissioner for Analytics, Review, and Oversight Gina Clemons wanted Dudek booted and was still in her post. Billy Gribbin, a representative for Republican Sen. Mike Lee of Utah, noted that putting fiscally responsible people in charge should happen more often. “I hope we see more of this. There are many good civil servants who have been quietly frustrated for years with politically-motivated mismanagement who possess an encyclopedic knowledge of the problems with their agencies. Put them in charge, hand them scalpels and flamethrowers,” he posted on X. The White House said that Social Security is in good hands, according to USA Today. “President Trump has nominated the highly qualified and talented Frank Bisignano to lead the Social Security Administration, and we expect him to be swiftly confirmed in the coming weeks,” White House representative Harrison Fields said in a statement. “In the meantime, the agency will be led by a career Social Security anti-fraud expert as the acting commissioner. President Trump is committed to appointing the best and most qualified individuals who are dedicated to working on behalf of the American people, not to appease the bureaucracy that has failed them for far too long,” he said. President Donald Trump said King quit to avoid the axe. “Resigned or got fired?” Trump said of King. “I think got fired. You know when you fire someone, they always resign, and then they say, ‘We resigned.’ But when you have numbers like that, I think really it’s got fired.” White House press secretary Karoline Leavitt said news media accounts are “trying to fearmonger the American people” into thinking benefits are in danger. DOGE has been called in to “identify fraud in the Social Security Administration,” she said, by finding payments that should not have been made. “Rest assured, if you paid into the system honestly, you will continue to receive your Social Security checks,” she said. This article appeared originally on The Western Journal.
    3 points
  32. After studying all the charts I can definitively conclude this next alignment will happen soon.
    3 points
  33. this is interesting, any confirmation of this???
    3 points
  34. Trump Deploys CIA Drones to Hunt for Fentanyl Labs in Mexico [WATCH] https://x.com/i/status/1881506237180936397
    3 points
  35. You had a nightmare OR a daymare 🙃😅 lol
    3 points
  36. OUTRAGE: Elon Musk and DOGE are reportedly planning to cut off all people older 150 years old from Social Security! They survived the Great Depression, but how will they survive this?
    3 points
  37. Yeah, I know what The "Z" Man means, I just got a call from the Chinese Elders. They told me to get to Reno ASAP and bring my dinar and don't leave my Dong at home!!
    3 points
  38. she didn't say she didn't like music. she said put it in the right place. don't be so sensitive brother.
    2 points
  39. I saw one of those "blips" that comes on my phone (the ones that you can't open to get the full story) but it said "THE U.S. DOLLARS LOSING VALUE TO THE DINAR " I thouught it was interesting since it was outside the dinar world .... so to speak.
    2 points
  40. Follow the money. Every RINO, Demor Republican that voted no shoul be investigated.
    2 points
  41. IQD Market Rates - Thursday - 2/20/2025 Shafaq News: On Thursday, the exchange rates оf the US Dollar against the Iraqi dinar edged lower in Baghdad and Erbil markets. According to a survey by Shafaq News, the dollar's rates set at 149,800 dinars for every 100 dollars, with the closure оf the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad, compared to 150,050 IQD recorded this morning. The selling and buying rates at currency exchange stores in Baghdad reached 150,750 IQD and 148,750 IQD per 100 USD, respectively. Erbil's selling price recorded 149,700 dinars for every 100 dollars, and the buying price was 149,600. Have a blessed Thursday - Almighty GOD is Faithful..! RON
    2 points


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