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About dinareffic

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  • Birthday 02/20/1977

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  1. Bingo. All the things they have been doing lately is not my accident. They preparing for a good review. Article 8 here we come
  2. I’m leaning towards what Laidback has been saying. The review in July is huge. All these things Iraq and CBI has been doing lately are things that would need to be done for a favorable review to go into article 8. Things are lining up my fellow dinar holders. For someone who bought my dinar 15 years ago, I can wait a little longer. JMHO
  3. Surprised this isn’t getting more attention. To me this is saying cbi is prepping to open up to the world
  4. dinareffic

    Go Iraq

    Hy vee carries it. Got some yesterday
  5. Abdul-Mahdi distributes investment and the central bank on quotas In the local May 22, 2019 Abdul Mahdi distributes investment and the central bank on the quota closed 37 visits BAGHDAD (Reuters) - Prime Minister Adel Abdul-Mahdi told the committee he had brought the central bank and the investment body out of party quotas, a member of the parliamentary committee on economy and investment, Hamed al-Moussawi said. Al-Moussawi said in a statement to SNG, "The Prime Minister promised the Committee to remove the Central Bank and the Investment Authority from partisan quotas and will appoint competent figures" He added that "all investment bodies and ministries were distributed earlier on Asai party quotas." It is hoped that the file of independent bodies and special grades will end before next July.
  6. dinareffic

    Go Iraq

    Parliamentary move to raise the price of the dinar and maintain the stability of inflation Wednesday 20 March 2019 4368 Baghdad / Omar Abdul Latif The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation. "The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general, Coming ". He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". "The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment."توجه-نيابي-لرفع-سعر-الدينار-والحفاظ-على-استقرار-التضخم
  7. Prime Minister: Relations between Baghdad and Erbil are best 14:06 - 03/05/2019 Information / Baghdad .. Prime Minister Adel Abdul-Mahdi said on Friday that bilateral relations between Baghdad and Erbil were better. "The relations between Baghdad and Erbil are at best, despite some differences, and we can resolve the issues on Sinjar, Ninewa and border crossings," Abdul-Mahdi told a news conference in Paris and his follower. "The Iraqi people have sacrificed so much not only in the fight against intimidation and terrorism, but also for decades, because of dictatorship, discrimination and racism," he said.
  8. International Smart Card Company contributes to financial inclusion Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers. What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq" So we have said that KI is the leader in the national private sector in providing electronic payment services. Views 175 Date Added 04/24/2019
  9. The arrival of the Gulf Cooperation Council delegation to Baghdad Political | 04:09 - 23/04/2019 BAGHDAD - A delegation from the Gulf Cooperation Council (GCC) arrived in Baghdad on Tuesday. "A delegation from the Gulf Cooperation Council (GCC) headed by Amin Abdullatif al-Zayani arrived in Baghdad," the official news channel said. Iraq has witnessed during the past period, visits of several Gulf officials to the capital Baghdad
  10. Saudi Arabia reports 40% growth in non-oil exports to Iraq 23 April 2019 Saudi exports to Iraq increased significantly during the year to Saudi Arabia, the secretary-general of the Saudi Export Development Authority, Salih al-Salami, said Tuesday. The kingdom's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals, Compared to 2017. "The value of Saudi Arabia's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals with a growth of 40 percent compared to 2017," he said on the sidelines of the Erbil International Construction Exhibition. "The food sector ranked first in Saudi exports to Iraq at 662 million Saudi riyals, followed by the construction materials sector with an export value of 565 million riyals. Over the past five years, Saudi non-oil exports to Iraq have reached 10 billion riyals." He pointed out that "the participation of the Authority in the exhibition comes within the framework of efforts to support the Saudi source and promote the Saudi products and services and enhance their presence and raise their competitiveness in the global and regional markets in line with the vision of Saudi Arabia 2030 and its objectives to increase the proportion of non-oil exports from 16% to 50% Gross Domestic Product Value ".
  11. The Association of Iraqi private banks, a record rise in the volume of financial deposits in government and private banks, for the first time since 2014, which witnessed the invasion of the organization of several cities and north and west of the country, and the collapse of oil prices, which led to the entry of Iraq in A stifling financial crisis that has led to the adoption of austerity policy and the cancellation of thousands of development projects. Ali Tariq, executive director of the Association of Banks, an organization licensed by the authorities to monitor financial transactions in banks, said government and private deposits rose by 9.84 trillion dinars (about 8.8 billion dollars) last year, a year earlier than the previous year. Tariq said in a statement that the deposits amounted to 76.89 trillion dinars, compared to 67.05 trillion dinars in 2017. He attributed the rise in deposits to "the measures of the Central Bank in supporting the banking sector, both government and private, in addition to the elimination of Iraq from the financial crisis that hit in 2014 due to falling oil prices and improved security after the elimination of the organization. Iraq has 30 government and private banks, most notably Rafidain, Rashid, Industrial, Commercial, Real Estate, Baghdad, Iraqi Investment, Dar es Salaam and the Middle East. "The relationship between the citizen and the banking sector is witnessing a great improvement after the procedures of the Central Bank, including the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others." He pointed out that other factors contributed to the increase in deposits, including the increase in the geographical spread of banks through the increase in the number of branches and the provision of electronic payment tools, and expected to increase deposits in the coming years, after the establishment of the company "Deposit Guarantee" by the Central Bank. A senior Finance Ministry official said in a press statement that there was a plan with the help of World Bank experts to withdraw active funds outside the banking sector to banks, pointing out that it aims to increase deposits to 100 trillion dinars (88 billion dollars) in 2022. The official added: "Reports confirm that more than half of the financial liquidity of the Iraqis save them in their homes, and some of them convert them to the dollar for easy to put in places inside the house difficult to detect thieves, and there are large funds unfortunately go to Turkey, Jordan, Lebanon and Egypt, where he sees Some put it there for the best security reason and also the high benefits of up to 14%. " "The rise in deposits may be due to the improvement in oil prices and the return of projects and investments that require bank guarantees and also the resettlement of the salaries of retirees who make up a small percentage of the state's paid monthly," said Mohammed Abdul-Karim al-Refai, financial adviser to the Baghdad Stock Exchange. What is more important is: how many of those who came to the banks, opened accounts, left their money and left? "
  12. I've always thought the April 30 date was a possibility. IMF historically updates their SDR on April 30
  13. Central control of the level of inflation and supports electronic collection Monday, 15 April 2019 78 Baghdad / Hussein Thugb "The Central Bank has succeeded in controlling the level of inflation, maintaining prices, maintaining the purchasing power of the national currency, controlling the exchange rate and closing the gap, Between the official price and the market price. "Foreign exchange reserves rose from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support balance of payments and crisis response Economic development. The coordination with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and support Profitability ". Issuance of bonds She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision for the management of government public debt by the financial authority and monetary authority "He said. Financial Inclusion "We have supported the electronic collection of government fees, the facilitation of payments to citizens, the signing of a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to support the strategy of financial inclusion and the provision of electronic payment cards to citizens to urge them to work with the unified international bank account, Through bank accounts internally And externally. " Electronic payment "The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, electronic payment companies in order to support electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector and to increase the security of information and networks on the speed of data transmission Sizes Big ". Financial operations On the developments witnessed by the Central in the payments sector confirmed "the establishment of the National Bank to settle payments between banks and increase electronic financial operations between banks, companies and citizens, support electronic collections of government departments and facilitate Ways of payment to citizens ". Memorandum of Understanding "We have signed a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to support the strategy of financial inclusion and the provision of electronic payment cards to citizens. , As well as linking the banks and the Central Bank of Iraq with the bank data centers by optical cable Aziz infrastructure for the banking sector, increasing the information and network security, as well as high-volume data transfer speed. " Localization of salaries The launch of the localization of salaries for all public sector employees through the transfer of salaries to employees' bank accounts, as well as the easy receipt and withdrawal of salaries through the available payment channels, bank branches, ATMs, Points of sale, and enjoy the many advantages of bank accounts. "
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