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Launching a national campaign to support the Iraqi dinar


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Information/Baghdad.

On Sunday, a group of unions and federations announced the launch of a national campaign to support the national currency and the economy and to increase citizens' confidence in the dinar.

This group said in a joint press statement, which received / the information /, a copy of it, “A group of unions and federations announces the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy, and this campaign includes the Federation of Chambers of Commerce, the Association of Iraqi Private Banks, the Physicians Syndicate and the Iraqi Syndicate Pharmacists, the Syndicate of Engineers, and the Syndicate of Dentists, who represent a large segment of Iraqi society.”

The statement added, "This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen's confidence in it, for the contribution of all sectors to maintaining the exchange rate and keeping inflation at low rates, and reducing the rates of poverty and unemployment through the entry of Iraqi and foreign investors to work inside the country, which It will lead to an increase in services provided to citizens, and this will have a positive impact on the economy.”

He pointed out that "this campaign also includes a focus on the fact that the owners of retail and services stores do not force citizens to sell their goods in dollars, but in the national currency "the Iraqi dinar", as shop owners get the dollars from the currency dealer at the official price, and they force the citizens to buy dollars. From the parallel market leads to a rise in its price, which affects the entire joints of the economy.”

The statement stressed, "This campaign will include joint activities aimed at supporting the Central Bank's ongoing efforts in this regard through holding educational meetings and seminars."

The statement concluded by saying that the signatories to this national campaign are the head of the Association of Private Banks, Wadih Al-Handal, the Syndicate of Pharmacists, Mustafa Al-Hiti, the President of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, the Doctors Syndicate Jassem Al-Azzawi, the Syndicate of Engineers Azhar Hussein Saleh, and the Syndicate of Dentists, Abu Bakr Ziyad Al-Rawi. finished/25

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  •  Time: 06/13/2021 12:18:14
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  •  Reading: 2002 times
6 unions launch a campaign to support the dinar and the national economy
  
{Economic: Al Furat News} A group of unions and federations announced the launch of a national campaign to support the national currency and the economy and increase the citizen's confidence in the Iraqi dinar.
 

And 6 unions said in a statement that {Euphrates News} received a copy of it, in which it announced “the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy. Dentists, who represent a large segment of Iraqi society.

The statement added, "This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen's confidence in it, for the contribution of all sectors to maintaining the exchange rate and maintaining inflation at low rates, and reducing the rates of poverty and unemployment through the entry of Iraqi and foreign investors to work inside the country, which will lead to To increase the services provided to citizens, and this is fully reflected in the economy.”

He pointed out that "this campaign also includes a focus on the failure of the owners of retail and service stores to compel citizens."

Ammar Al Masoudi

 
 
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 money and business


Economy News _ Baghdad

A group of unions and federations announced the launch of a national campaign to support the national currency and the economy and to increase citizens' confidence in the dinar.
This group said in a joint press statement that "Al-Iqtisad News" received a copy, "A group of unions and federations announces the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy, and this campaign includes the Federation of Chambers of Commerce, the Association of Iraqi Private Banks, the Physicians Syndicate and the Iraqi Syndicate Pharmacists, the Engineers Syndicate, and the Dentists Syndicate, who represent a large segment of Iraqi society. 
The statement added, "This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen's confidence in it, for the contribution of all sectors to maintaining the exchange rate and maintaining inflation at low rates, and reducing the rates of poverty and unemployment through the entry of Iraqi and foreign investors to work inside the country, which It will lead to an increase in services provided to citizens, and this will have a positive impact on the economy.”
He pointed out that "this campaign also includes a focus on the fact that the owners of retail and services stores do not force citizens to sell their goods in dollars, but rather in the national currency "the Iraqi dinar", as shop owners get the dollars from the authorized currency sale at the official price, and they force the citizens to buy dollars. From the parallel market leads to an increase in its price, which affects the entire joints of the economy.” 
The statement stressed, "This campaign will include joint activities aimed at supporting the Central Bank's ongoing efforts in this regard through holding educational meetings and seminars." 
The statement concluded by saying that the signatories to this national campaign are the head of the Association of Private Banks, Wadih Al-Handal, the Syndicate of Pharmacists, Dr. Mustafa Al-Hiti, the President of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, the Doctors Syndicate Jassem Al-Azzawi, the Syndicate of Engineers, Azhar Hussein Saleh, and the Syndicate of Dentists, Dr. Abu Bakr Ziyad Al-Rawi.

 
 
Views 90   Date Added 06/13/2021
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45 minutes ago, yota691 said:

"This campaign will include joint activities aimed at supporting the Central Bank's ongoing efforts in this regard through holding educational meetings and seminars."

"ongoing efforts" to delete the zeros?

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Good Morning yota and thanks for these articles. I’ve read them a couple of times but maybe you can dumb it down for me. 

The CBI is now overseeing a bunch of unions and other business to help convince the average Iraqi they should have confidence in the Iraqi Dinar. Is that what these articles are saying? 
 

The CBI knows exactly what would give the citizens confidence in their currency, their the ones who took the value and confidence away from it…

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2 hours ago, yota691 said:

the launch of a national campaign to support system" rel="">support the national currency and the economy and to increase citizens' confidence in the dinar.

 

 

the owners of retail and services stores do not force citizens to sell their goods in dollars, but in the national currency "the IRAQI DINAR"

They wanted to increase confidence in iraq dinar by telling the iraqi citizens ( business owners ) to sell their goods in iraqi dinar? At far as the story of this article went,  this is a good start and we just wait and see how iraq government start implementing and use the iraqi dinar 100% in the country of iraq. Hopefully, they do the currency auction in iraq dinar too, not in dollars.

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26 minutes ago, DoD said:

The CBI knows exactly what would give the citizens confidence in their currency, their the ones who took the value and confidence away from it…

Because of the fall of saddam regime back in 2003, then the rate of iraq dinar decreased deeply from over 3 bucks to 1190 iqd ( 0.00084 usd ). After that, they devalued from 1190 to 1460 ( 0.00068 usd ) back in december 2020.  Hopefully, the cbi can increase the confidence in iraq dinar by returning to the glory rate 3.22 usd.

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I don’t know whether I should hurl my oats in laughter or kick the stall door out of sheer frustration when I read yet another one of these articles 

 

Never have I seen year in year out a drag through the weeds approach like these Azz holes can do

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5 hours ago, DoD said:

The CBI knows exactly what would give the citizens confidence in their currency, their the ones who took the value and confidence away from it…

 

my exact sentiments , really dislike the blinding deception , politics / game playing:facepalm3: , i dont like it when the elected officials in america do it and im sure a iraqi is no different ...... heres hoping ,all the best dv'ers

 

 

Deception -  the act of causing someone to accept as true or valid what is false or invalid 

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5 hours ago, Longtimelurker said:

July/August look really good. Trump should be in by then👍

FYI 

US Presidential elections are held in November and we don't have another election for president until 2024. Maybe you're on the Aztec calendar which includes the 12th of Never.

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6 hours ago, 3n1 said:

 

my exact sentiments , really dislike the blinding deception , politics / game playing:facepalm3: , i dont like it when the elected officials in america do it and im sure a iraqi is no different ...... heres hoping ,all the best dv'ers

 

 

Deception -  the act of causing someone to accept as true or valid what is false or invalid 


I. E. -See :bs:

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4 hours ago, Carrello said:

FYI 

US Presidential elections are held in November and we don't have another election for president until 2024. Maybe you're on the Aztec calendar which includes the 12th of Never.

States should begin overturning their election results as the election audits come to an end. Massive voter fraud throughout every state. I think there are 12 states doing audits now and that number is growing quickly.. I bought more popcorn 😆

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22 hours ago, DoD said:

The CBI knows exactly what would give the citizens confidence in their currency, their the ones who took the value and confidence away from it…

Good Morning DoD and all of DV..the value was taken away, but it wasn't the CBI that did it...IMO..

 

I'm not trying to be a guru here, but I'm leaning toward the UN and few requirements remaining, to move forward.

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Good morning yota, the CBI might have been pressured into devaluing the Dinar but in the end the CBI was responsible for this action. 
I can’t wait until you post the articles about how theses unions and committees will try to convince the people to use the Dinar instead of the Dollar. That should be some good reading. 
As inflation continues to rise and the value of the Dinar continues to get weaker, this selling campaign of supporting the Dinar should be a pretty big task…IMO 

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