[Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr]

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[Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr]

What is ASYCUDA? The Automated System for Customs Data (ASYCUDA) is a computerized customs management system that covers most foreign trade procedures. It handles manifests and customs declarations, along with accounting, transit and suspense procedures

[Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr]

1310? 👀

[Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr]

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[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

thanks everyone great conversation. 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

let’s see what happens… regardless it is definitely exciting right now. 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Post RV 🥂

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

I think this is done - just waiting for the announcement - imo 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Just now, screwball said:

we know they can’t fund their projects on current rate…

 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Cheers…

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

About Warka Bank

Warka Bank for Investment and Finance was established in 1999 as an Iraqi private joint stock company. It is an Iraqi commercial bank, headquartered in Baghdad. The bank began its work specializing in the banking field with all its services. It was the first bank in Iraq to implement electronic banking services, which contributed significantly to the development of the banking sector in Iraq, and the first to provide international card services in Iraq, and 25 years after its establishment, a new work phase began in the bank’s journey when it began the process of digital transformation, which will provide its customers with advanced and secure banking services

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

and the digitial transformation… major announcement early 2024 ? Saleh - 12/26/23 … look at the new Warka website…. For example …

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

and a 3 year budget .. that won’t work at 1310 paying for all the projects…

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

we also have this… these currencies have become available to traders and the purpose of financing foreign trade, where the trader can now when he imports goods from China pay the Iraqi dinar to the Iraqi bank and through the bank the amount is paid to the Chinese company and factory in Chinese currency.

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

.. cause they completed the requirement ( international tradable currency ) 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Ok so if this statement is correct it would imply that Iraq is going international with the IQD … soon? 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Iraq has completed the requirements to join the World Trade Organisation (WTO)  - one requirement is a international tradable currency 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

3 minutes ago, lmb4321 said:

 

The Real Question is How Close Are We???

What do you think?

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

1 minute ago, screwball said:

Jonny wrong 

Ok good 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

but this is not true… u do need a tradable currency… 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Just now, screwball said:

Go back to what @Longtimelurkersays could all happen same time..

Yes -  I was just clarifying cause Jonny did say u don’t need a tradable currency for wto 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Just now, screwball said:

It says meets the requirements….not officially announced nor freely tradeabke…we are close but close doesn’t buy me a Ferrari! 

Ok so the conclusion is that we are close… ok 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

3 hours ago, 6ly410 said:

"these currencies have become available to traders and the purpose of financing foreign trade, where the trader can now when he imports goods from China pay the Iraqi dinar to the Iraqi bank and through the bank the amount is paid to the Chinese company and factory in Chinese currency.

 

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

Iraq has completed the requirements to join the World Trade Organisation (WTO)

[The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders]

If one of the requirements is a tradable article 8 compliant currency…