dinareffic

Good stuff Floridian

Im not sure Chris, but I think the timing of the start of Iraq's financial year interesting. Here's to hoping.

Stop the issuance of Iraqi passports ] (Baghdad: Al-Furat News) The Directorate of Public Citizenship of the Ministry of Interior, on Tuesday, stopped the receipt of passport issuance transactions. "The period of suspension will begin from December 25 to January 2," General Haitham al-Gharabawi, the director-general of the country, said in a statement. He explained, "will stop the receipt of transactions for the issuance of passports except emergency and special cases in Baghdad and the provinces." Al-Gharbawi added that "the period will be from 2018/12/25 until 2019/1/2, for the end of the financial year." http://alforatnews.com/modules/news/article.php?storytopic=39&storyid=182178

Governor of the Central Bank warns of the repercussions of Iraq's dependence on oil The Governor of the Central Bank of Iraq, Ali Al-Alak, said that the bank is facing challenges due to financial policies, stressing that the widening gap between non-oil revenues Which covers only 10 per cent of expenditures and the reliance on oil resources to cover the remaining expenditures, has caused the country to face a problem with the decline in oil prices in recent years. He added that this heavy reliance on oil increases the risk rates and increases the pressure on the Central Bank to cover the gap, noting that oil revenues fell about 70 per cent, while the government reduced about 20 per cent of its expenses, to compensate for this reduction. The bank maintains a high level of foreign reserves and continues its efforts to stabilize the local currency, control inflation and increase economic growth in the country. He pointed to the widening of the volume of non-performing loans in Iraq to reach 6 trillion dinars out of 37 trillion dinars, which is the total volume of loans, stressing that banks cut 2.5 trillion dinars of profits or 16% of capital to cover this problem, calling for the need to strengthen the rule of law To face the phenomenon of non-performing loans. For his part, the President of the Association of Iraqi private banks, "Wadih al-Hanal", in his speech during the conference, "The Association seeks to create greater opportunities for private banks through dealing with them on an equal footing with government banks, especially in the area of settling salaries of employees." He continued: "The Association will continue its efforts to achieve the objectives of financial inclusion in accordance with the perspective of the Central Bank of Iraq and in the framework of his hard work and strategic plans. And continue to work to remove obstacles to the creation of a network of correspondents from foreign banks, which will restore Iraqi banking relations to normal. For his part, said the Chairman of the Board of the Arab Monetary Fund,"Abdul Rahman Al-Humaidi," in his speech, "The Central Bank has great efforts in support of the Iraqi economy, and maintained the stability of the currency and adopted several actions and initiatives that will enhance thefinancial situation of Iraq ." https://www.thebaghdadpost.com/ar/Story/137270/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%AA%D8%AF%D8%A7%D8%B9%D9%8A%D8%A7%D8%AA-%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%86%D9%81%D8%B7

Central Bank: dependence on oil sign us in the problems (the new Arab) The Central Bank warns of the repercussions of dependence on oil The new Arab Baghdad 10 December 2018[/rtl] The Governor of the Central Bank of Iraq Ali Al-Alaq said that the bank is facing challenges due to financial policies, stressing during the session of the "relationship between the financial and monetary policies," which was held within the activities of the fourth annual conference of the bank on Monday, the widening gap between the non-oil revenues that do not Covering only 10 per cent of expenditures, and relying on oil resources to cover the remaining expenditures, has put the country in trouble as oil prices have declined in recent years. He added that this heavy reliance on oil increases the risk ratios and increases the pressure on the central bank to cover the gap, noting that oil revenues fell about 70 per cent, while the government reduced about 20 per cent of its expenses, to compensate for this reduction. He pointed out that these problems led to two options, either the sacrifice of the central bank part of its reserves of foreign exchange, while the second option to make changes in the exchange rate, a move that harm the citizens and increase the richness of the rich and the impoverishment of low-income, stressing that the relationship between the two policies Finance and cash are a real challenge for the central bank. The bank maintains a high level of foreign reserves and continues its efforts to stabilize the local currency, control inflation and increase economic growth in the country. He pointed to the widening of the volume of non-performing loans in Iraq to reach 6 trillion dinars out of 37 trillion dinars, which is the total volume of loans, stressing that banks cut 2.5 trillion dinars of profits or 16% of capital to cover this problem, calling for the need to strengthen the rule of law To face the phenomenon of non-performing loans. He referred to the initiatives launched by the Central Bank, including the "industrial, agricultural and industrial lending initiative of 5 trillion dinars, as well as the initiative of financing small projects by a trillion and a half through private and public banks, the largest in the history of Iraq." For his part, the President of the Association of Iraqi private banks Wadih al-Hanal, in his speech during the conference, that "the Association seeks to create greater opportunities for private banks through dealing with them on an equal footing with government banks, especially in the area of the settlement of salaries of employees." He continued: "The Association will also continue its efforts to achieve the goals of financial inclusion in accordance with the perspective of the Central Bank of Iraq and in the framework of his hard work and strategic plans ... and continue to work to remove obstacles to the creation of a network of correspondents from foreign banks, which will restore Iraqi banking relations to normal. For his part, said the Chairman of the Board of the Arab Monetary Fund Abdul Rahman Al-Humaidi, in his speech, "The Central Bank has great efforts in support of the Iraqi economy, and maintained the stability of the currency and adopted several actions and initiatives that will enhance the financial situation of Iraq." (USD = 120 IQD) https://www.alaraby.co.uk/economy/2018/12/10/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%AA%D8%AF%D8%A7%D8%B9%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%86%D9%81%D8%B7

The parliamentary economy reveals efforts to amend the investment law to increase opportunities 12/12/2018 Information / Baghdad .. The Committee on Economy and Investment parliamentary, on Wednesday, seeking to amend the investment law in the coming days to increase foreign investment, indicating that the current law is an oppressor for all investors. Nada Shaker Jodat, a member of the committee, said in a statement that "the parliamentary committee on economy and investment is looking at rewriting and amending the investment law and granting it economic flexibility away from the bureaucracy." "The amendments to the law will grant the investor new concessions to encourage investment and pumping money in the Iraqi market, as well as the formation of a joint committee of all circles to give the investor leave without review dozens of competent departments." "The law will give the prime minister the power to contract directly with the investor or to form a higher authority capable of granting investors visas and banking facilities," Judd said. "The amendment of the investment law is an important point to eliminate unemployment and the return of industry and the private sector in Iraq and raise the market value of the Iraqi dinar in light of the inability of the government investment budget to make any development mentioned in all sectors." https://www.almaalomah.com/2018/12/12/372757/

Halabousi: It is time for the Iraqis to feel their wealth BAGHDAD (Reuters) - Parliament speaker Mohamed Halboussi said on Monday December 10, 2018, that the battles waged by the Iraqis to defeat the organization advocated last year were "liberation operations impossible military and the least possible losses," while noting that the wealth possessed by Iraq was wasted during the previous eras Wars and conflicts are now wasted in corruption, stressing that the time has come for Iraqis to feel their wealth. "On this day, a bright page began to liberate dear dear Mosul and ended a dark page at the end of a myth that called for its alleged state," he said in a statement to the obelisk. "Iraq has unquestionably affirmed that it is the most powerful and the most powerful." He added that "the face of our land is crowned with light after being honored by the blood of the heroic martyrs that were shed on the land of Mosul, and mingled the Iraqi blood from the far north of Iraq to the extreme south and from the extreme east to the extreme west, pure blood of heroes who assured the world the unity of this country and the great amount and prestige and expensive Paid for this land. " "In these days, the line of heroes heroes of the most courageous fighting in the management of a battle that required the clearance of civilians dependent on the one hand and the elimination of the enemy entrenched in the civil and its people on the other hand, and were able to professionally conduct an impossible liberation in military accounts with minimal losses possible with Stories in nobility and masculinity and sacrifice to save families can not describe words that embody them. " He explained that "our heroes had to run a historic battle that requires awareness and deliberation with the scenes of pain and they see with their eyes the graves of the prophets destroyed by terrorism and the beacon of humpback and prostrate after a thousand years of glory and their hearts were burning to these scenes, but the estimates of the military position required them patience and planning, From the land and history and the great task was to save our people and get them out of the hell of the battle and bring them to the safe camps. " "Our honest honorable people from inside Mosul managed to communicate with their brothers from the armed forces to provide these forces with information from inside the city, which broke the back inside and facilitated the liberalization process and reduced the proportion of civilian casualties and liberated forces." "Our celebration of the liberation of Mosul is a celebration of victory in all the cities liberated by our heroes, but this day was an expression of the completion of the most important stage in the victory march," he said. He pointed out that "our heroic forces in all their formations presented a unique model of cohesion and coordination. The army, the police, the counterterrorism forces, the popular, tribal and peshmerga forces were one hand, through a deliberate fighting rhythm, coordination at the highest levels and the distribution of professional roles that offered a variety of abilities and complemented capabilities. Armies in the world advanced and developed. " "Here, I salute our courageous heroes, express my pride and pride in our forces, who were fighting with their hands and carrying the humanitarian support for the displaced, but also with the forces fighting the environment and supporting the rescue in floods and disasters, providing bridges, distributing food and returning the displaced to their homes. He does what our brave men, heroes and fighters do. " Halboussi stressed that "on this day we remember the martyrs because they are the owners of the achievement first and remember their parents and their children and their mothers and their parents and their brothers and their families, we remember everyone who stood in their backs pushing them to victory and urging them, and remember the wounded who were advancing in front of their colleagues and brothers and competing to defend and defend the sanctities. He also said: "We remember with gratitude and gratitude the fatwa of the Iraqi authority to look after the Iraqis to protect their homeland, defend the land and offer and save civilians. The Iraqis quickly responded to this fatwa and call for reference. The greatest victory in this century. " Halabousi also recalled the position of the international organizations that stood with us in the face of the disaster of displacement as the people left the besieged cities and supporting these organizations to Iraq. The International Alliance has an important and effective role in Iraq's participation in this battle, with its aerial, logistical and intelligence support. "We would like to thank the brotherly, friendly and friendly countries that supported Iraq's position and stood with it as much as possible, and thanks to our people in the Kurdistan government and people for their noble position in welcoming the displaced and facing the challenges of the crisis with the Center with all responsibility from the participation of the heroic Peshmerga, Displaced persons and provide the means to assist them. " He said to the Iraqis that "the benefits of victory require more care for this achievement to complete the march achieved by our brave heroes, which is a national responsibility requires large blocks and parties and leading figures more patience, sacrifice and selflessness to cross the benefits of forming the government and the completion of this task in a timely manner and in harmony with the spirit of democracy "He said. He stressed that "the most important thing that can make our victory is to start effectively reconstruction and reconstruction of the liberated areas in particular and all areas of Iraq in general, which was credited with liberating the land and make serious sacrifices to achieve this victory." "We can not promise this victory a complete victory unless the rights of the martyrs, the wounded and all the fighters are guaranteed, in all its moral and material details, and to work hard to bring the displaced back to their homes and secure the requirements of a decent life for them," he said. He said to the Iraqis, "Today we stand on the threshold of a new stage after the formation of the government and start its project and program, which we hope to be launched quickly, specifically in paragraphs related to the service of citizens and the creation of decent living conditions in Iraq. Al-Halbusi stressed that "the time for Iraqis to feel the value of their wealth and to seek it in practice reflected in their service, educational and living conditions and that the Iraqi in the ranks of citizens in the Arab counterpart countries in the economic site, has been exposed to the wealth possessed by Iraq in previous eras of waste in wars and conflicts empty, Iraq decades and a significant decline. " "We are now playing the role of corruption in these wealth, where the Iraqi people have been deprived of it. We hope and optimistic that the government will be able to accomplish the task of confronting corruption and the task of development as soon as possible," he said. Follow the obelisk http://almasalah.com/ar/news/157996/

This news isn't as exciting to me as those decimal points changing. To me, that is very telling

I swear this is new, but the decimal point was moved one spot over. Might be something, might be nothing. Interesting at the least.

Know the exchange rates of the dollar, the tumans and the lira in the markets of Baghdad Baghdad: Currency exchange rates fell on Sunday when stock exchanges opened in Baghdad, Basra and Erbil. The prices of the US dollar against the Iraqi dinar and other currencies during the opening of the markets on the morning of December 2, 2018 as follows: Baghdad Stock Exchange One hundred dollars = 119.700 In the suburbs of Baghdad 119.000 120,000 Basra Stock Exchange One hundred dollars = 119.900 Arbil Stock Exchange One hundred dollars = 119.925 The Iranian Toman One hundred US dollars = 1120 000 Turkish Lira One hundred US dollars = 520 The price of a barrel of Brent crude oil $ 58.71 The price of gold 21 caliber of the Iraqi dinar 206.000 The price of a gold ounce worldwide 1222 $ http://www.ikhnews.com/index.php?page=article&id=177353

of the shareholders of the Iraqi seed distributing profits of 500 fils per share[/size] Twilight News 23 hours ago The Iraqi Seed Production Company (AISP), listed on the Iraq Stock Exchange, agreed to distribute cash dividends of 500 fils per share. The company explained in a statement to the stock exchange, that the distribution represents 50% of the company's paid capital, The company's current capital is 10.5 billion dinars, distributed over 10.5 billion shares, with nominal nominal value of one dinar per share. Keywords: http://www.shafaaq.com/ar/Ar_NewsReader/e477d9f2-4d3e-4bad-91aa-59fc898a91af

Issuing 15,000 smart cards for new social welfare beneficiaries The information technology department of the Social Protection Agency announced on Thursday that "the International Smart Card Company issued more than (15) thousand cards for families covered social welfare benefits within the new meal in the sections of Baghdad and the provinces until Wednesday, 11-28-2018. The Minister of Labor announced earlier in November, the names of more than (83) thousand families representing the third meal and the new families of the advanced social benefits after the receipt of financial allocations derived from the differences in oil prices as established in the budget of 2018 and the decision of the Council of Ministers. "The work continues daily in the protection departments for late hours and holidays to expedite the auditing of the transactions of the families covered in order to complete the smart card and give them in preparation for the release of their salaries," adding that "smart card representatives are located in all sections to issue cards Smart quickly https://www.thebaghdadpost.com/ar/Story/134651/%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-15%D8%A3%D9%84%D9%81-%D8%A8%D8%B7%D8%A7%D9%82%D8%A9-%D8%B0%D9%83%D9%8A%D8%A9-%D9%84%D9%85%D8%B4%D9%85%D9%88%D9%84%D9%8A%D9%86-%D8%AC%D8%AF%D8%AF-%D8%A8%D8%B1%D8%A7%D8%AA%D8%A8-%D8%A7%D9%84%D8%A5%D8%B9%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D9%8A%D8%A9

Totally agree with both of you. Something is on the horizon here.

The new series of banknotes to be launched by the Monetary Authority of Hong Kong / China https://cbi.iq/news/view/934

Halabousi calls for legislation to allow the central bank to contribute to the support of state institutions Speaker of the House of Representatives Mohamed Halboussi on Wednesday called for legislation to allow the central bank to contribute to the support of state institutions. A parliamentary source told Alsumaria News that "the Speaker of the House of Representatives directed a joint meeting between the Finance Committee and the representative of the Central Bank and members of the Board of Directors to discuss the policy of the bank." He called Halabousi, according to the source to "enact legislation allowing the central bank to contribute to support the state institutions in the development of educational and health sectors." https://www.alsumaria.tv/news/253233/%D8%A7%D9%84%D8%AD%D9%84%D8%A8%D9%88%D8%B3%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D8%AA%D8%B4%D8%B1%D9%8A%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%8A%D8%B3%D9%85%D8%AD-%D9%84%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D9%85%D8%B3/ar