For 4 days. What is the expected holiday that Iraqis are waiting for?, 8 OCT

 Mawazine News – Baghdad

After last Thursday’s holiday approved by the Council of Ministers and the Iraqi National Day, which coincided with October 3, Iraqis are awaiting a new holiday that lasts for 4 consecutive days.

The Iraqi government decided to suspend official working hours after imposing a ban on roaming on November 20 and 21 in all regions and cities of the country to conduct the population census.

These two days fall on Wednesday and Thursday in addition to Friday and Saturday, the total holiday will be 4 days.

The law on public holidays, which was voted on by the House of Representatives and approved by the President of the Republic, included that “the Council of Ministers has the right to disrupt official working hours for special occasions, provided that it does not exceed 7 days a year.

https://www.mawazin.net/Details.aspx?jimare=255699

INTEL FROM AKI IRAQI BANK MANAGER FRIEND IN USA UPDATE BY WALKINGSTICK, 8 OCT

 Walkingstick  

 [Aki Iraqi bank manager friend in U.S update]

 I have just been given my latest orders.  I am being told to stay close to home.  I will not be able to go to Thanksgiving...Christmas with my friends.  

My orders tell me that I am to stay here in Dearborn. 

 The CBI bank is going to make us very busy during these holidays. 

 We are having a lot of Iraqi citizens coming into our banks here...They...are talking to us about the same thing you are asking us. 

 They found out they're going to get their HCL.  They found out about the cards. 

 They want to know how they're going to get their retirement money outside of Iraq.  They also what to know if they will also be able to receive the new lower notes.

DINARLAND UPDATES!! @DINARREVALUATION

Launching the e-shopping service for social protection beneficiaries, 8 OCT

 Economy News – Baghdad

The Social Protection Authority announced on Monday the launch of the e-shopping service for the beneficiaries of the social safety network through the Key Card.

The President of the Authority, Ahmed Al-Mussawi, said in a statement, seen by “Economy News”, that “the electronic shopping service for the beneficiaries of the social protection network was launched through the (Key Card) card, to allow them the opportunity to buy from various stores,” pointing out that “the amounts of the subsidy will remain inside the card for three months, and will not be withdrawn unless any purchase is made during this period.”

Al-Moussawi added that “the authority also launched, in cooperation with the Ministry of Commerce – the General Company for Central Markets, sales operations at a discount or at the cost price for Key Card card holders of social protection beneficiaries,” pointing out that “beneficiaries can buy from the branches of the cooperation supermarket at competitive prices and supported by the use of POS devices that rely on the biometric footprint.”

Al-Moussawi explained that “this service will be initially launched in Baghdad governorate early next month, where 388,276 families will benefit from it, and this process is expected to maintain the circulation of an amount exceeding 82 billion dinars per month, as part of the government’s efforts to switch to the electronic monetary system and reduce dependence on paper cash.”

Al-Moussawi revealed that one of the advantages of the new system is:
– Facilitate purchases and limit them to the grant funds of the beneficiaries to ensure that support is directed to the eligible categories.
– The amounts will remain in the card for 3 months for the purpose of providing the right opportunity to shop.
– Supporting the government’s policy in promoting the use of electronic cash and reducing dependence on cash transactions.

He pointed out that the branches available for shopping are:
1. Selling / Central Worker Market
2. Salhiya Central Market
3. People’s Central Market
4. Freedom / Al-Jawadin Bridge
5. Jamila / Near Muzaffar Square
6. Palestine Street / next to the Iraqi Housing Fund

Al-Moussawi stressed that “this initiative also comes to enhance the shopping experience for social protection beneficiaries at subsidized prices, and provides them with their basic needs easily, while benefiting from the transition to the electronic system.”

---

Views 66

Added 2024/10/07 – 5:40 PM

https://economy-news.net/content.php?id=48450

RV UPDATE BY PIMPY, 8 OCT

 Pimpy 

 Article: "Customs: Our revenues during 7 months of this year exceeded one trillion dinars"  

This is awesome to see!  The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq. 

 There was a lot of illegal activities, a lot of bribing going on... 

Quote "the authorities hope the revenues will reach 2 trillion by the end of this year..."  That's one hell of an increase...

Article: "The International Coalition officially announces the end of its mission in Iraq within 12 months" 

 It must be that time of the year...Every year they say the same thing, within 12 months.

FIREFLY: THEY ARE TALKING ON TV WHAT WILL HAPPEN ONCE THE CURRENCY AUCTI...

US Ambassador: We are committed to supporting Iraq’s security, stability and sovereignty, 8 OCT

 Baghdad / Nina / The United States Ambassador to Baghdad Alena Romanowski confirmed on Monday that her country is committed to supporting Iraq’s security, stability and sovereignty.

“I spoke yesterday with Deputy Prime Minister and Foreign Minister Fouad Hussein about regional developments and the importance of diplomatic dialogue to calm current tensions,” the ambassador said in a post on the X platform.

“We are committed to promoting the common goals of the comprehensive U.S.-Iraqi partnership and supporting Iraq’s security, stability and sovereignty,” she added. /End9

https://ninanews.com/Website/News/Details?Key=1160360

IRAQ , A MODEL FOR REVELOPING STRATEGIES BY KAPERONI, 8 OCT

  Kaperoni  

 Article:  "International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector"

Kaperoni

  Article: "Developing the banking sector according to international standards... The Central Bank signs an agreement with the International Finance Corporation"

Kaperoni 

  This is a good quote from that article "The expected path of the Iraqi economy" 

 Quote: "The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally,  

the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope."

https://dinarevaluation.blogspot.com/2024/09/rv-update-by-kaperoni-30-sept.html

DINAR GURUS UPDATES @DINARREVALUATION

It exceeded the barrier of 260 million. Iraqi Central Bank’s dollar sales rise, 8 OCT

 Economy News – Baghdad

The Central Bank of Iraq’s dollar sales rose on Monday to more than $260 million in the auction of currency sales compared to yesterday, Sunday.

The bank sold in its auction today 260 million, 547 thousand and 910 dollars, covered by a base exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1310 dinars per dollar for external transfers, and at a price of 1305 dinars per dollar in cash.

Most of the dollar’s sales went to boost balances abroad in the form of remittances and credits, which amounted to $253 million and $147,910, up 97% from cash sales of $7,400,000.

The number of banks that bought the dollar in cash reached one bank, while the number of banks that met the requests to strengthen balances abroad reached 12 banks, and the total number of exchange companies participating in the auction was 17 companies.

---

Views 96

Added 2024/10/07 – 2:41 PM

https://economy-news.net/content.php?id=48439

RV UPDATE BY CLARE, 8 OCT

 Clare 

 Article: "Al-Sudani sends a message to the US President: We are on the verge of a dangerous slide"  

Quote:  "Iraqi Prime Minister Mohammed Shia al-Sudani said in a letter addressed to US President Joe Biden and the European Union countries, on Sunday, that the region is on the verge of a dangerous slide that could drag it and the world into ongoing wars."

 Article: "The government-owned Rafidain Bank announced on Friday that it has collected more than four trillion dinars electronically for the benefit of 700 government departments...

the total amounts that were settled and collected for the benefit of those government departments and deposited in their accounts at Rafidain Bank amounted to more than four trillion dinars."

Jon Dowling Breaking News Concerning The Dinar XRP Nuclear Power Plants ...