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HowieC

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Everything posted by HowieC

  1. Sorry........Guess I didn't look for this post in RUMORS 🙄 😂
  2. The Iraqi market suspends its activity for 6 days Economy Iraq Stock Exchange 2024-04-08 03:39 Shafaq News/ The Iraq Stock Exchange announced, on Monday, the suspension of its activity for a period of six days. The market stated, in a statement received by Shafaq News Agency: “Based on the Council of Ministers’ decision to declare a six-year official holiday for Eid al-Fitr, the market’s activities and trading sessions will stop for six days.” He explained, "The holiday will be starting Tuesday, April 9, and trading sessions will resume on Sunday, April 14." It is noteworthy that the Iraq Stock Exchange organizes five trading sessions weekly from Sunday to Thursday, and 103 Iraqi joint stock companies are listed, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels and services. SHAFAQ.COM shafaq.com
  3. This is all I can find so far.... So probably not worth the paper it's written on Frank26 Sudani said to his citizens, Quote: ''Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.' Ramadan comes to an end on the 8th of April. On the 9th EID starts." Well as they say ......Even a blind squirrel finds a nut sooner or later! Regardless..... I know I saw this statement in an article just prior to Frank saying it.....
  4. He never said those words "rate announcement", as far as I remember. But He did say something. I'll try and find what I'm referring to.....
  5. Maybe I'm dreaming.....But it almost just seems right for both of them to come out together with a new rate , and take all the credit. Didn't Sudani say He had a big announcement before the end of Ramadan? Or something like that?
  6. An “extraordinary” meeting of the State Administration Alliance in the presence of Nechirvan Barzani and Al-Sudani on Saturday 2024-04-05 15:35 Shafaq News/ An informed political source reported on Friday that an “extraordinary” meeting of the State Administration Alliance will be held tomorrow, Saturday. The source told Shafaq News Agency: “The President of the Kurdistan Region, Nechirvan Barzani, will participate tomorrow in an extraordinary meeting of the State Administration Alliance in the presence of Al-Sudani and the rest of the leaders.” The source added: The meeting will witness a discussion of political agreements and outstanding files between Baghdad and Kurdistan. Shafaq News Agency learned from informed sources yesterday, Thursday, that the President of the Kurdistan Region, Nechirvan Barzani, will visit the capital, Baghdad, to discuss several files. In this regard; The official spokesman for the Presidency of the Kurdistan Region, Dilshad Shihab, told our agency, “The visit is scheduled for next Saturday, where Barzani will meet with Iraqi Prime Minister Muhammad Shiaa al-Sudani.” He added, "During this visit, Barzani will discuss several files with Iraqi officials, such as the budget, salaries, oil, and the resumption of its export, in addition to relations between Erbil, Baghdad, and others." SHAFAQ.COM اجتماع "استثنائي" لتحالف ادارة الدولة بحضور نيجيرفان بارزاني والسوداني يوم السبت - شفق نيوز شفق نيوز/ افاد مصدر سياسي مطلع يوم الجمعة بانعقاد اجتماع "استثنائي" لتحالف ادارة الدولة يوم غد السبت.وأبلغ المصدر وكالة شفق نيوز؛ أن "رئيس اقليم كوردستان نيجيرفان با....
  7. But but but..........This is impossible ! Nothing happens during Ramadan ! 🤔
  8. Al-Sudani stresses to MPs the importance of passing laws that improve the investment environment Economy News - Baghdad Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of proceeding with the adoption of laws aimed at improving the investment environment and developing the economy. The Prime Minister’s media office stated in a statement received by “Al-Iqtisad News” that “Al-Sudani received a group of members of the House of Representatives,” noting that the Prime Minister “stressed the importance of integration and coordination between the executive and legislative authorities, in order to support the government’s work and its program that includes many priorities of concern.” Citizens and state institutions, by focusing on service and reform aspects in various fields.” The Prime Minister pointed out "the importance of proceeding with the adoption of laws aimed at improving the investment environment, developing the economy, and meeting the terms of the reform adopted by the government, in order to strengthen and diversify the state's resources." 04/02/2024
  9. Iraq Stock Exchange: The launch of a new stock trading index is near Economy News - Baghdad The Iraq Stock Exchange announced today, Tuesday, the imminent launch of a new stock trading index. A statement from the authority received by Al-Iqtisad News stated, “The Securities Authority and the Iraqi Stock Exchange, after studying, analyzing and measuring the market index for traded stock prices, are preparing to launch a new index that operates under the title ISX15.” The statement added, “The work and analysis team at the Securities Commission and the Iraqi Stock Exchange focused on measuring the new index and testing it on the experimental environment, and then starting the test on the real environment according to the most important principles, the most important of which is selecting a sample of companies for the best 15 companies in terms of continuing daily trading, as well as choosing the company’s weight.” Based on the market value of the free float shares, provided that the effect does not exceed 20% at best for a single company as a maximum, and adopting the same prevailing base session for the ISX60 index after adjusting its weight based on the free float shares, as well as other additional variables that will be presented in the index guide. The statement indicated that “the launch of a new index, ISX15, aims to adopt free stocks in dealing and trading for the purposes of measurement and influence, and the interest of the financial markets in launching a total index and a partial index to measure the impact on the movement of continuously traded stock prices, and to attract new investors and national and foreign investment portfolios,” indicating that “The Authority and the market continue to issue indicators and updates, in addition to positive follow-up and disclosure.” 04/02/2024
  10. THE CENTRAL BANK OF IRAQ CLARIFIES THE MECHANISM FOR DEPOSITING OIL REVENUES ABROAD Economy Baghdad News The Central Bank of Iraq revealed the mechanism for depositing oil revenues abroad, in response to a parliamentary question on the subject. The document stated that the legal basis for depositing oil revenues in the IRAQ2 account with the Federal Reserve Bank of New York was the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003, which granted immunity to Iraqi funds deposited in the DFI account. The Deputy Governor of the Central Bank, Ammar Hamad, explained that the “IRAQ2” account is used to deposit Iraqi crude oil export funds, and they are transferred to the Central Bank of Iraq account with the Federal Reserve Bank within 24 hours of receipt. This mechanism ensures that funds are not subject to creditors’ claims, he said, as they belong to the Iraqi government from the export of crude oil. He added that a memorandum of understanding signed between the Iraqi Ministry of Finance and the Central Bank of Iraq in 2014 regulates the work of the “IRAQ2” account, and that this memorandum is the legal basis for the establishment of the aforementioned account. He noted that the immunity granted under the memorandum of understanding covered sovereign funds only, not funds used for commercial purposes. He explained that Iraq’s foreign reserves are deposited with several external parties, including central banks and financial institutions, and are not limited to the Federal Reserve. He pointed out that the interest rates on these deposits vary according to the investment segment, the duration of the investment and the institution with which the investment is made. Finally, he explained that the company transporting dollars from the Federal Reserve Bank to Baghdad International Airport is Orient, and that the insurance amount for one shipment is 414,000 US dollars, and that the transportation fees are 216,310 US dollars.
  11. Adviser to the Prime Minister: Budget schedules will be decided in the middle of this month Time: 04/02/2024 02:07:17 Adviser to the Prime Minister: Budget schedules will be decided in the middle of this month {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, expected that the approval of the budget schedules would be decided in the middle of this month of April. Saleh said, in a press statement, that “the issue of budget schedules is expected to be decided, most likely, in mid-April.” He added, "The tripartite federal general budget included in Law No. 13 of 2024, a medium-term financial plan, was not devoid of the principle of its annuality in the issue of preparing annual schedules and submitting them to the House of Representatives for approval, specifically for the two years (2024, 2025)." He stressed, "The law approving the tripartite budget constitutes an expression of mutual trust between the legislative and executive authorities to manage public financial affairs in our country in a way that ensures the continued implementation of investment projects and the communication of adopting new projects in an integrated, planned manner." Saleh continued, “Annual government spending constitutes approximately 50% of the value of the gross domestic product directly, and exceeds 80% indirectly by influencing the business cycle and general market activities and building its positive expectations and stability.” He stated that "the three-year budget was the first experiment that was approved in the country's financial history and was adopted based on an explicit legal text stated in the amended Federal Financial Management Law No. 6 of 2019. Therefore, it has become necessary to document this financial experiment, which is rich in its economic implications, and to evaluate its results and the requirements for its implementation in the future." When proceeding with its adoption again, including a proposal to study making an appropriate amendment to some provisions of that Financial Management Law in light of what emerged from the experience of implementing the Tripartite Federal General Budget Law.” A few days ago, the Council of Ministers received the budget schedules from the Ministry of Finance, and began working on them to sign them and send them later to the House of Representatives. ALFORATNEWS.IQ مستشار لرئيس الوزراء: حسم جداول الموازنة منتصف الشهر الجاري اقتصادية الفرات نيوز توقع المستشار المالي لرئيس الوزراء مظهر محمد صالح حسم إقرار جداول الموازنة منتصف شهر نيسان الجاري
  12. I'm hoping to have at least a small window to exchange and get it right out of the bank ASAP. That small window may still be a huge gamble.
  13. Do you believe they're not going to try to implement bail in laws?
  14. HERE HERE .......I've been in a large Dinar FB group for quite a few years. They have always OK'd posts before they let them go live. Kinda bothered me , but I can see where they're coming from. But NOW a couple Mods are posting their own posts political, religious, and/or off topic ) and closing commenting. OR letting it go a little and closing when the comments don't fit their narrative. Too much of this spoon feeding and cramming BS going on for me these days. I for one want to here what everyone has to say, and take it from there....
  15. Customs delivers approximately 10,000 containers within a week according to the ASYCUDA system Saturday 23, March 2024 00:04 | EconomicalNumber of readings: 659 Baghdad / NINA / The General Authority of Customs announced the completion of nearly 10,000 containers within a week according to the Customs Automation and Modernization System (ASYCUDA), which it began implementing in the Grand Welcome Yard in Umm Qasr Port in Basra Governorate. The authority stated in a statement that, during the week of March 15-21, it completed transactions for (9,545) containers and they were cleared by importers at the Grand Welcome Square in accordance with the ASYCUDA system, which it began implementing on March 3, 2024. In its statement, the Authority called on importers and customs clearance agents to join the training courses it holds to train them to work on the ASYCUDA system, which will provide them with more facilities and speed up the process of clearing their goods within record time, as well as saving more time, effort and money away from paperwork and its negative procedures. It confirmed that it is continuing to implement this system in all its customs centers and that all goods and commodities imported into Iraq will pass through ASYCUDA soon. This will be significantly reflected in the imports it receives and will provide double revenues that will supply the state’s public treasury./End 7 NINANEWS.COM الكمارك تنجز قرابة 10 الاف حاوية خلال اسبوع وفق نظام الأسيكودا اقتصادية
  16. The Minister of Finance stresses the importance of the partnership with the European Bank to support the diversification of the sources of the national economy Saturday 23, March 2024 00:49 | EconomicalNumber of readings: 736 Baghdad / NINA / Minister of Finance, Taif Sami Muhammad, stressed the importance of the partnership with the European Bank to support the Iraqi government’s plan to diversify the sources of the national economy. The Ministry of Finance stated in a statement: “Minister Taif Sami Mohammed met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, at the bank’s headquarters in the United Kingdom.” During the meeting, the Minister pointed out the importance of the strategic partnership between Iraq and the Bank, and discussed ways to strengthen bilateral relations to ensure the possibility of strengthening the private sector in Iraq and digitizing the banking system. She stressed the importance of the partnership with the European Bank to support the Iraqi government’s plan to diversify the sources of the national economy, stating: “One of the Iraqi government’s priorities is investing in the areas of energy and digital transformation in the financial infrastructure.” For her part, the President of the European Bank affirmed the bank’s desire to work in Iraq and contribute to supporting the private sector and renewable energy./ End 7 NINANEWS.COM وزيرة المالية تؤكد اهمية الشراكة مع البنك الاوروبي لدعم تنويع مصادر الاقتصاد الوطني اقتصادية
  17. Iraq signs a document to join the Statute of the International Islamic Court of Justice Political | 03:11 - 03/21/2024 Mawazine News - Baghdad Today, Thursday, Minister of Justice Khaled Shawani signed Iraq’s accession document to the statute of the International Islamic Court of Justice. The ministry stated in a statement received by Mawazine News that “the Minister of Justice met during his visit to the Kingdom of Saudi Arabia, Hussein Ibrahim Taha, Secretary-General of the Organization of Islamic Cooperation.” The statement added, "During his visit to the organization's headquarters in Jeddah, Shwani signed the Republic of Iraq's accession to the statute of the International Islamic Court of Justice, which is considered one of the organization's judicial bodies." During the meeting, Shawani stressed, "The position of the government headed by Muhammad Shiaa Al-Sudani in dealing with issues that concern the Islamic world, foremost of which is its position on the aggression against the Palestinian people in Gaza and Iraq's endeavor to consolidate relations between the members of the organization in a way that serves the reality of the Islamic world." He touched on "the government's achievements and efforts in achieving economic development and its role in achieving economic, political and security stability." For his part, the Secretary-General expressed his "happiness with this visit and this important role for Iraq because it represents an influential civilizational and Islamic interface in all issues and fields of concern to the nation." He pointed out, "His annual report will include the achievements of the Iraqi government in the economic and development fields, the development in all fields, and its efforts and positions towards the issues of the Islamic nation." The statement explained, "The importance of Iraq's ratification of the statute of the International Islamic Court of Justice was discussed in settling legal disputes amicably or through arbitration bodies affiliated with the court, in a way that enhances the achievement of justice and does not hinder efforts to achieve development." He stated, "The signing ceremony was attended by Ambassador Muhammad Al-Saleh Taqiyeh, Director General of Political Affairs at the Organization, Ambassador Hassan Ali Hassan, Director of Legal Affairs at the Organization and the Permanent Representative of Iraq to the Organization of Islamic Cooperation, and Muhammad Samir Al-Naqshbandi, Consul General and Representative of the Republic of Iraq to the Organization of Islamic Cooperation." MAWAZIN.NET العراق يوقع على وثيقة لانضمامه إلى النظام الأساسي لمحكمة العدل الإسلامية الدولية
  18. FRANK: ...The final countdown. Let's roll!
  19. A decline in the dollar throughout Iraq Economy |Today, 20:58 | +A -A Baghdad Today - Baghdad The dollar exchange rates recorded a decline against the dinar, this evening, Tuesday, (March 19, 2024). The exchange rate in the currency markets in Baghdad this morning was 150,500 dinars. This is a list of dollar exchange rates in Iraq: $100 = 149,700 Baghdad $100 = 149,800 Erbil $100 = 149,800 Basra $100 = 149,900 Sulaymaniyah $100 = 149,850 Dohuk $100 = 149,950 Kirkuk $100 = 149,950 Halabja $100 = 149,900 connectors $100 = 149,800 Najaf $100 = 149,800 grey $100 = 149,900 Samawah $100 = 149,850 Nasiriyah $100 = 149,900 Karbala $100 = 149,900 with penalty $100=149,850 Hilla $100 = 149,850 kout $100 = 149,900 Diwaniyah $100 = 149,850 Tikrit $100 = 149,850 architecture It is noteworthy that the Central Bank of Iraq sells the dollar at the official price of 1,320 dinars. BAGHDADTODAY.NEWS انخفاض للدولار في عموم العراق » وكالة بغداد اليوم الاخبارية بغداد اليوم- بغداد سجلت أسعار صرف الدولار انخفاضاً أمام الدينار، مساء اليوم الثلاثاء، (19 آذار 2024). وكان سعر الصرف في أسواق العملة ببغداد صباح اليوم 150500 دينار. وهذه قا....
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