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Laid Back

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Everything posted by Laid Back

  1. The General Company for Iraqi Ports announced, on Sunday, that it achieved revenues exceeding 65 billion dinars during the month of February. Thanks to the ASYCUDA system. The Automated System for Customs Data (ASYCUDA) is a computerized customs management system that covers most foreign trade procedures. Go trade Go import/exports Go economic growth Go stronger dinar
  2. “Al-Sudani mentioned in his speech that international financial institutions recorded growth in the non-oil economic domestic product, which reached 6%, which is an encouraging and positive percentage, and can be increased.” Go diversification of the economy Go economic growth Go stronger dinar
  3. “The parliamentary role is not at the required level, and is not in line with the high figures for council members’ salaries.” "The role of the members of the House of Representatives does not meet the ambition and aspirations of the citizen in terms of presenting laws that primarily affect the interest of the Iraqi people, as well as laws related to the country's security." "the reduction is in the interest of the investment budget and other budget sections because most of the budget goes to salaries," "The Sudanese government's ministerial platform included a number of economic reforms, including reducing salaries and allocations for special grades in exchange for improving theliving situation of the lower grades of employees." Go reforms Go development Go economic growth Go stronger dinar.
  4. - 142.6 tons of gold - $115 billion dollars in foreign currency reserves - Oil production around 4 million barrels per day - 131 trillion cubic feet of natural gas reserves - Belt & Road infrastructure project - Al Faw port. The largest port in the world PM Al Sudani “keep your dinar because your dinar is stronger”. “Iraqi dinar will return to its lofty economic value” Go Iraq 🇮🇶 Go reserves Go stronger dinar
  5. “This growth reflects an increase in public confidence in Iraqi private banks and the ability of private sector banks to acquire part of the monetary mass issued outside the banking system” “The increase in the volume of deposits in the private banking sector will contribute to strengthening the wheel of economic growth through the tendency of these banks to invest deposit funds in beneficial economic projects through which they can achieve profits to cover the interest paid on these deposits” - Increase public confidence in Iraqi private banks - Increase financial inclusion - Increase in volume of deposits and capital - Acquire part of the monetary mass outside the banking system ( Chunky Cash) More than 9.25 trillion of chunky cash back into the banking system They are reducing the monetary mass. Go delete of 000 Go Lower denomination notes Go Stronger dinar Go purchasing power
  6. “Iraqi society prefers to rely on cash in daily transactions” Go delete of 000 Go Lower Denomination notes Go Stronger Dinar Go Purchasing power
  7. Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the World Trade Organization was imminent, while he stressed that the current federal government would achieve self-sufficiency and not depend on the importer Go Iraq Go WTO Go Open market economy Go trade Go economic growth Go Stronger dinar
  8. the “”Iraqi President, Engineer Muhammad Shiaa Al-Sudani””, he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the “”Iraqi dinar will return to its lofty economic value”” Go Stronger Dinar 👊🏼💵
  9. WTO and ASYCUDA = Open Market Economy. Go Open Market Economy Go Trade Go Import/Exports Go Stronger Dinar
  10. It is possible that they Peg the dinar to these basket of currencies (euro, Chinese yuan, Turkish lira, UAE dirham and Indian rupee). There’s a lot of commercial exchange between them. Go trade Go Imports / exports Go stronger dinar
  11. 23k Posted 7 hours ago IMF Promises to support Iraq's Digital Transformation Economic News Agency - IMF promises to support digital transformation in Iraq (economy-news.net) The Iraqi delegation, headed by Finance Minister Taif Sami, concluded on Thursday its talks with the Article IV mission of the International Monetary Fund (IMF) staff in Amman. The Ministry of Finance said in a press statement that "during the talks, they reviewed the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development structure, financial sustainability and maximizing non-oil revenues." According to the statement, the Iraqi delegation stressed that "the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement and customs sectors, and to enhance efforts to participate in the private sector through investment incentives, infrastructure and reconstruction," noting "its intention to continue discussions and consultations during the Fund's periodic annual meetings." The IMF mission praised "the good progress achieved in many financial and monetary aspects, in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the return of growth in the non-oil sector strongly during 2023 with a noticeable decline in inflation rates, and its reflection on the decline in food and energy prices." The mission noted "the positive developments from the return of trade finance operations to normal and the stability of the foreign exchange market following the implementation of anti-money laundering and combating the financing of terrorism controls on cross-border payments," welcoming "government plans aimed at strengthening public financial management, including welcoming the steps taken by the government towards establishing a unified treasury account, improving cash liquidity management and increasing the tax base, as well as reviewing the tariff structure and achieving further targeting in the country." Social support and care." The mission also expressed optimism that "the level of understanding and progress achieved with the Iraqi government and the steps of coordination and joint consultations that will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of international conflicts and their accompanying economic impacts," explaining that "structural reforms aimed at stimulating economic diversification and creating jobs led by the private sector are pivotal to achieving sustainable and inclusive growth." According to the statement, priorities include creating equal opportunities for the private sector through banking and electricity sector reforms, reducing distortions in the labor market, and continuing efforts to strengthen governance and reduce the spread of corruption. Looks like the IMF is happy with the latest developments in Iraq. Go Iraq 🇮🇶 Go development Go Economic growth Go stronger dinar
  12. CBI total Assets 207 trillion IQD / 1310 = $158 billion dollars. “Demanding that Iraq, which is politically, economically and security-fragile as a unit, detach itself from American hegemony and the dominance of the dollar, without a global trend to create another economic pole, is a type of economic and political suicide currently. So let us wait what the results of BRICS will be, as it is the only initiative today to find an alternative to the dollar. Will this be able to do so?” Countries can break away from the dominance of the dollar, and then a direction and strategy can be developed for Iraq to distribute its investments among various countries. Is it really in Iraq’s interest to break away from the American dollar?” Go Iraq 🇮🇶 Go sovereignty Go BRICS Go Stronger Dinar Great Article. Thanks RJG
  13. It will be very influential. Baghdad, as well as other cities in the modern Iraq, represented the convergence of the land and maritime roads. Including those from China across central Asia and Iran linking these regions to the Mediterranean and Europe. The HUB in the Middle East. Go Iraq 🇮🇶 Go WTO Go open market economy Go Trade Go imports / exports Go stronger dinar
  14. Development and Progress.! Go Iraq Go investment Go Development Go economic growth Go Stronger dinar
  15. 148 trillion IQD / 1310 = $113 billion dollars in foreign currency reserves. This is interesting, in the past they always referred to the foreign currency reserves in billions U.S Dollars. Now they referred in Trillions IQD. It brings to my mind the words of PM Al-Sudani; “keep your dinar because your dinar is stronger” Go Sovereignty Go Local currency Go Stronger Dinar
  16. “The Central Bank of Iraq revealed, on Wednesday, that the volume of deposits in the banking sector had increased to more than 180 trillion dinars, as well as an increase in bank credit to 69 trillion dinars, indicating that the volume of foreign cash reserves had reached 148 trillion dinars.” 148 trillion IQD / 1310 = $113 billion dollars of foreign cash reserves. “According to experts, the Iraqi government, through attempts to apply electronic payment, aims to withdraw the cash mass in circulation in Iraq, which amounts to 84 trillion dinars” 84 trillion IQD / 1310 = $64 billion dollars cash mass in circulation $113 billions in cash reserves / $64 billion cash mass in circulation = $1.77 Go delete of the 000 Go Lower Denomination notes Go Stronger Dinar Go Purchasing Power
  17. Data from the Central Bank of Iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023, while indicating that this decrease in the amount of currency is the third largest decrease recorded in 20years They are reducing the monetary mass. Go Stronger dinar.!
  18. Federal Government manage the budget and pays salaries Kurdistan Region hand over all oil and non-oil revenues to the federal government. Go HCL Go Profits sharing Go Stronger Dinar
  19. I think the last Iraqi Supreme Court decision will help to move the HCL forward. Shafaq News/ The Federal Supreme Court (FSC), Iraq's highest judicial authority, on Wednesday ordered both Prime Minister Mohammed Shia al-Sudani and Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani to centralize the salaries of public sector employees in federal banks. The FSC held a special session earlier on Wednesday to consider two cases: the salaries of public sector employees and the election law in the Kurdistan Region. FSC Chief Justice Jassim Mohammed Aboud al-Amiri read the verdict on the case of the salaries of the region, which obliges both Sudani and Barzani to centralize the salaries of all employees of government agencies in the center and the region in federal banks outside the Kurdistan Region. The court also decided to oblige the submission of the monthly budget for the employees of the region to the federal Ministry of Finance, with the obligation of the Council of Ministers of the region to hand over all oil and non-oil revenues to the federal government. The ruling according to the statement, is "final and compelling". Go HCL Go profits sharing Go stronger dinar
  20. “Because of the achievement of a kind of security and economic stability in Iraq supported by a strong financial position due to the large oil revenues that generated huge reserves of hard currency, a group of financial and economic experts believe that it is time to start to scalate the dinar and delete its three zeros, where the process (in their opinion) will achieve a lot of positives that the Iraqi economy needs, the first of which is the return of the dinar as a store of value, restore confidence in the monetary system, reduce the demand for hard currency and get rid of the phenomenon of dollarization that has caused the economy and squandered huge financial wealth.” The goal is (return to the value of 1980 dinar). The Iraqi dinar did not follow the devaluation of the US currency in 1971 and 1973 and increased to 3.38 USD before the value of the IQD reduced to 3.22 USD due to a 5% devaluation. The rate continued until the Gulf War, though the black-market rate was about six times higher in late 1989. Go delete of the zeros Go Stronger Dinar Go Purchasing power
  21. Stop talking and delete the zeros.! Go delete the zeros Go Lower denomination notes Go Stronger dinar Go Purchasing power
  22. We need more than Gratitude.! After almost 5,000 U.S military personnel died helping Iraq to get rid of Saddam Hussein and ISIS. Go USA Go TROOPS Go FREEDOM Go Stronger Dinar
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