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Laid Back

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Everything posted by Laid Back

  1. The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months." I hope purchasing power is one of the items Go Budget Go Stronger dinar $1+ Go purchasing power
  2. It goes to the pocket of currency speculators in the black market. Remove exchange control and the black market will disappear. Go new monetary policy Go de-dollarization Go Stronger dinar $1+
  3. Creating confidence in the national currency (IQD] To achieve development and Strengthen the value More Confidence > More Demand > More Value Go De-dollarization Go Stronger Dinar $1+ Go Purchasing power
  4. He explained that "Master Card and [Suge] have been suspended, including palm cards, pending instructions from the Central Bank," noting that "most of the cards issued in Iraq are suspended due to a change in the central bank's system and may return to work in the next two days." Positive changes are coming! Go Stronger Dinar Go purchasing power
  5. What is the easiest way to de-dollarize the country? Put a Ban on the dollar and increase the value of the local currency equal or higher than the dollar. Go De-dollarization Go Stronger Dinar $1+ Go Purchasing power
  6. The CBI and the Prime Minister continues complaining about the dollar price and the black market. As long as the dollar is stronger than the Iraqi dinar, people will continue using the dollar and the black market. REMOVE EXCHANGE CONTROL
  7. “The Central Bank is currently working on a new monetary issue, which is the disaster because the increases that occurred in 2012-2022 and now in the 2023 budget, the volume of monetary issuance of the Iraqi dinar will reach 150 trillion dinars and it has no place now to contain it, and therefore a recycling process must be carried out for the dollar to avoid the problem of inflation." Unless, the new monetary issue is the Lower Denomination notes. Go CBI Go new monetary policy Go Stronger dinar $1+ Go Lower denomination notes Go purchasing power
  8. - Ban the use of the dollar to support the dinar - Give equal or higher than the dollar Go Strong Local currency $1+ Go Purchasing power
  9. “The Organized Crime Directorate at the Ministry of Interior issued a circular banning merchants and citizens from dealing in markets, shops and commercial centers in dollars and limiting this process to dinars, and this comes within the campaign it launched." The ministry, in coordination with the Central Bank, under the title of supporting the Iraqi dinar.” In my opinion The only way to make this work, is making the dinar value equal or higher than the dollar. Go CBI Go new monetary policy Go De-dollarization Go Stronger Dinar $1+
  10. A statement of the committee, received by Alsumaria News, stated that it "continued its meetings through the sub-committees for reading the items and following up the schedules on Saturday 5/13/2023, in preparation for submitting them to a vote, stressing the need to follow up on the exchange authorities after approving the budget in accordance with the legal frameworks, to come up with a result that meets the aspirations of the Iraqi people, as it directly affects the lives of citizens.” Go Budget Go Stronger Dinar 1+ Go Purchasing power
  11. As long as the CBI continues controlling the dollar sales the black market will exist. Remove Exchange control and black market for the dollar will disappear. just my opinion.! Go CBI Go new monetary policy Go stronger dinar $1+
  12. “the need for cooperation and hard work in order to activate the agreements concluded between the two countries, especially the strategic framework agreement, and the possibility of reviewing and developing its provisions in line with the importance of the current stage, as well as the entry of major American companies to work in Iraq, especially since Iraq is witnessing a state of security stability." This reminds me Shabibi’s Words: Security and Stability Much needed for an RV. Go Security Go Stability Go Stronger Dinar $1+
  13. Few months ago the dinar revalued by 10% from 1460 to 1310 I see this as good news.
  14. “The Parliamentary Legal Committee promised that the implementation of the salary scale project would not be a financial burden on the state, as there would be circulation and transfers of funds.” “The salary scale adjustment be within the current amount without additions, i.e. reducing the upper salaries and increasing the minimum salaries within the limited ceiling in the budget." Go Salary Scale Go Stronger Dinar $1+
  15. He made few million dollars with the VIP membership and now he’s enjoying life.
  16. Confusing information! Other articles from CBI talk about $114 billion dollars in foreign currency reserves. They don’t want us to know the real numbers.! Why? Think about it.
  17. “The importance of expediting the completion of the discussion and maturation of the project, indicating that the Iraqi people of all sects are waiting for the approval of the budget because it is directly related to their lives, and will not excuse anyone in the event of delay." Go 2023-2024-2025 Budget Go Stronger Dinar $1+ Go Purchasing Power
  18. Treasury Single Account means a banking arrangement for the consolidation of government financial resources in one bank account or multiple bank accounts linked to one main account through which the government transacts all its receipts and payments on daily, weekly and monthly basis. Go CBI Go new monetary policy Go Stronger Dinar $1+
  19. Issued currency 97 trillion IQD Foreign currency reserves $114.2 billion dollars 97 trillion IQD / 1310 = $74 billion dollars $114.2 billion dollars / $74 billion dollars = $1.54 They can cover the issued currency by 154% or 1.54 times Go CBI Go new monetary policy Go stronger dinar $1+
  20. I guess Turkey is going to stop importing Oil from the Kurdistan region
  21. “the Central Bank of Iraq is required to provide greater facilities for companies, traders and small traders and requests for financial transfer, remove obstacles and facilitate procedures more and more towards those requests, and pass remittances more quickly, so that there is no demand for the dollar in abundance in the parallel market, and exchange rates return to rise." Remove exchange control and the black market for the dollar will disappear Iraq is due to approve a budget in the coming weeks, which may improve the economic situation. Go CBI Go new monetary policy Go Budget Go Stronger Dinar $1+
  22. Economic: Al Furat News} Al-Rafidain Bank announced that it will grant electronic payment devices (POS) to all state institutions and the private sector for free. A statement of the bank, which {Euphrates News} received a copy of, stated that "it decided, in cooperation with the General Company for Smart Cards, to grant (POS) devices to all state institutions and the private sector for free, and to provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions." Until the end of the year 2023, and the responsibility of the Rafidain Bank. He explained that the decision came "in line with the government program and the directive of Prime Minister Muhammad Shia' al-Sudani during the cabinet session that ministries and all departments work to expedite the implementation of the points of sale system (POS) and in support of the decisions of the Central Bank of Iraq to move to electronic cash starting from (June 1, 2023). )" Free POS devices and training to all state institutions and private sector from June 1/2023 until the end of year 2023. Like a said in another post, 2023 is the year of preparation to move to and open market economy. Go 2024 Go open market economy Go Stronger Dinar $1
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