Wednesday, October 18, 2023
Protests Emerge Outside the US Embassy in Baghdad, Iraq #shorts, 18 OCT
Coffee with MarkZ and Andy Schectman. 10/18/2023
PM al-Sudani denounces Israeli attacks on Gaza as genocide, full-fledged war crime, 18 OCT
PM al-Sudani denounces Israeli attacks on Gaza as genocide, full-fledged war crime, 18 OCT
Shafaq News/ Iraq's Prime Minister Mohamed Shai al-Sudani on Wednesday condemned the ongoing Israeli attacks on the Palestinians in Gaza as a full-fledged war crime and an act of genocide.
Al-Sudani's came during a meeting with Arab parliament speakers and members participating in the 35th Arab Parliamentary Union's emergency conference, held in the Iraqi capital, Baghdad, to discuss the evolving situation in Gaza.
Al-Sudani reiterated Iraq's unwavering commitment to the Palestinian cause, calling for an urgent action to support the Palestinian people who are facing "blatant aggression and a full-fledged war crime, an attempt at genocide, as Israeli authorities have relentlessly targeted innocent civilians."
He also condemned to the recent ruthless bombing of a hospital in Gaza on Tuesday evening, an act that resulted in the loss of hundreds of lives, including children and women.
"This heinous act, which goes against all international conventions and humanitarian law, further underscores the need for immediate international intervention," he added.
The premier called upon the international community, parliamentary and political entities, to come to the aid of the oppressed Palestinian people, ensuring their full legitimate rights to establish their state on their homeland.
Minister of Trade: Iraq is currently witnessing fundamental economic changes, 18 OCT
Minister of Trade: Iraq is currently witnessing fundamental economic changes
Economy News - Baghdad
Trade Minister Atheer Al-Gheriri stressed on Tuesday keenness to increase the volume of trade exchange with Saudi Arabia, while noting that Iraq is currently witnessing fundamental economic changes.
The Ministry of Commerce said in a statement that "Minister of Trade Atheer Al-Ghurairi delivered a speech on the occasion of the opening of the activities of the Made in Saudi Arabia exhibition and the participation of Iraq as a guest of honor in it, which kicked off yesterday in Riyadh."
Al-Ghuriri stressed "Iraq's keenness to increase the volume of trade exchange, exchange experiences and increase opportunities for partnerships with the Kingdom of Saudi Arabia," noting that "Iraq is currently witnessing fundamental economic changes and gives a greater role to the private sector in the process of development and economic development and creating a suitable environment for work, investment and economic development."
He continued, "Since its inception, the Iraqi-Saudi Coordination Council has played a major role in strengthening bilateral relations, whose results have been tangible on the ground through the main committees emanating from it and the agreements reached that laid the foundations for sustainable joint action and the implementation of projects that would contribute significantly to work in the long term and in line with the strategic vision of the leadership of the two countries."
"RV UPDATE" BY PIMPY, 18 OCT
Pimpy
Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq"
Will increasing interest rates on your account to 7.5% draw people in?
Heck yeah it will! If a bank did that in American you would see a lot of people run to it...
Quote: "The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar." That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.
All kinds of articles about the exchange rate.
And how easy is it to predict when you see a bunch of articles about the exchange rate you got a bunch of people out there...making claims this means they're going to change the exchange rate...
I keep telling you guys not to fall for that...Could they increase the Iraqi dinar exchange rate? Of course they could but if you think they're going to do an RI you're sadly mistaken. An RV is possible but not an RI...
Strict Measures Regarding The Dollar In Kurdistan Following A Decision Related To The Iraqi Dinar, 18 OCT
Strict Measures Regarding The Dollar In Kurdistan Following A Decision Related To The Iraqi Dinar
Baghdad today – Erbil Today, Wednesday (October 18, 2023), Kurdistan Customs Director Samal Abdul Rahman revealed that strict measures have been taken for the purpose of preventing the smuggling of dollars and hard currency from the region.
Abdul Rahman told "Baghdad Today", "The decision to collect fees in Iraqi dinars at border crossings is an important decision aimed at preserving the hard currency and also strengthening the Iraqi dinar."
He added, "This measure is very important, and a good step aimed at strengthening the dinar, and the measures taken by the Customs Directorate at all ports and airports are deterrent measures for the purpose of preventing smuggling.
Yesterday, Monday (October 16, 2023), the Kurdistan Regional Government decided to collect taxes and fees at border crossings in Iraqi dinars, instead of the US dollar.
The Department of Media and Information stated in a statement, “Based on a decision issued by the Kurdistan Region Council of Ministers, customs duties and taxes at border crossings and customs points will be collected in Iraqi dinars instead of dollars,” indicating that “any party that does not adhere to this decision will be subject to punishment.”
She stressed that "all ministries and relevant authorities will be bound by this decision, and in the event of any violation occurring at one of the border crossings or customs points, the violator will be subject to punishment."
Experts point out that some of these cash sales allocated to travelers leak into the black market and are purchased by merchants to finance their trade with countries banned from the dollar, led by Iran, from which Iraq’s annual import volume amounts to approximately 10 billion dollars.
Others warned of the repercussions of some banks not handing over dollars to “travelers,” while stressing that the continuation of the matter would lead to an increase in demand for the dollar in the parallel market and thus an increase in the exchange rate.
Many private banks and exchange companies are accused of being involved in smuggling the dollar, leaking it to the black market, and seizing large amounts of currency auction sales. The accusations also targeted the National Bank of Iraq (Jordan) of seizing 70% of the Central Bank’s daily dollar sales. LINK
DINAR REVALUATION REPORT: THE BUDGET HAS BEEN VOTED ON AND DONE ALREADY, 25 NOV
💥💥💥HCL LAW💥💥💥 The budget has been voted on and done already. They sent article article 12 and 13 to Kurdistan to give them the real ...
-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...