More than 100 billion dinars in fines from the Iraqi Central Bank on banks and exchange companies, 29 OCT

 More than 100 billion dinars in fines from the Iraqi Central Bank on banks and exchange companies

The Central Bank of Iraq announced on Sunday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 104 billion Iraqi dinars during the past nine months.

A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past nine months, starting from January and until September, amounted to 104 billion, 769 million, 332 thousand and 606 dinars, indicating that “the fines also included 348 administrative penalties.” For these banks and non-banking institutions, there was a range of warnings, warnings, and grace periods.”

The table showed that “the month of April witnessed the highest fines for banks and non-financial institutions, as these fines amounted to 17 billion, 440 million, 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while the month of June witnessed the lowest fines, as they amounted to 8 billion, 353 million, 387 thousand and 476 dinars.” dinars with administrative penalties amounting to 50 penalties.

The table did not show the names of the banks on which fines and administrative penalties were imposed.

The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the Central Bank of Iraq's increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.  link

Iraq is working to join the World Trade Organization (WTO), 29 OCT

  Iraq is working to join the World Trade Organization (WTO)

10/29/2023

 The Director-General of the Department of Foreign Economic Relations in the Ministry of Commerce, Riyad Fakher Al-Hashimi, discussed with the Deputy Director-General of the World Trade Organization (Sianchun Zhang) at the headquarters of the World Trade Organization in Geneva, Iraq’s accession to the organization.

The ministry stated in a statement, “In the meeting, Al-Hashemi reviewed Iraq’s current efforts and its plan for the next stage in completing the technical files required to be submitted to the organization’s secretariat and preparing them in accordance with the organization’s conditions and fruitful cooperation with international organizations supporting Iraq’s accession to the organization and its quest to obtain full membership in the organization.”

He noted that “The Minister of Commerce stressed his support for Iraq’s accession to the organization, and set timetables for completing all files in accordance with the visions of the current government and in implementation of the provisions of the government curriculum and the high cooperation and cooperation with international organizations.”

 For his part, Zhang expressed the organization’s support for Iraq and his readiness to provide the necessary support for the success of Iraq's mission towards achieving accession, directing the Organization's Accession Department to organize special events for Iraq to help it succeed in its mission and complete all the files required of it to hold the upcoming negotiating rounds. In the same context, Al-Hashemi referred to his meeting with the Director of the
Accession Department at the World Trade Organization in Geneva (Mika Oshikawa).

To review the steps taken by Iraq and the Ministry of Trade to complete the technical files that must be submitted to the organization during the coming period, which will be sent by the organization’s secretariat and the accession department to member states in preparation for holding the next negotiating rounds. LINK

"RV UPDATE" BY FRANK26, 29 OCT

 Frank26 

 The new exchange rate is the hope of the Iraqi citizens that they can't see yet.  It's unseen to them but yet the evidence is there...  

 Question "What is the next thing we are looking for?"  The exchange rate or the exchange rate and the new small category notes together simultaneously.

Why does the world want to pour into Iraq now when it's still a sanctioned programed rate?  The answer is because Sudani is showing them the Monetary reform mechanism and it includes a new exchange rate for a new national currency IMO...

You should know an "800#" doesn't exist.  That's stupid - One phone number for every bank in American? 

 In an ironic twist there is one 800# ...it's the U.S. Treasury.  When the blessing comes, pick up the phone and call the US Treasury...'Which one of your banks in the United States of America is exchanging the Iraqi dinar?' ...You'll have a big list of all the banks in the United States of American that are exchanging the Iraqi dinar...

Iraqi Dinar🔥Time To Celebration for IQD RV Approved New Rates Today 2023...

Population Council meeting produces strategic recommendations, 29 OCT

 Population Council meeting produces strategic recommendations

Shafaq News / Iraqi Prime Minister Mohammed Shia Al-Sudani presided over a high-profile meeting of the Supreme Population Council on Sunday.

A statement by al-Sudani's office said that discussions revolved around the ongoing implementation of the comprehensive national population and housing census. Additionally, the council reviewed recommendations stemming from the coordinative meeting among Arab Council for Population and Development member states. Furthermore, the meeting emphasized the imperative to monitor the execution of the National Population Policy Document (2023). 

Prime Minister Al-Sudani underscored the vital need for the population policy to harmonize with ministries’ strategies, thereby bolstering indicators in education, healthcare, employment, and housing. They highlighted the importance of implementing recommendation to streamline facilities for individuals with special needs across state institutions. 

Further recommendations encompassed supporting the endeavors of the Childhood Care Authority and the Disabled and Special Needs Authority. Moreover, enhancing the capabilities of reproductive healthcare providers within healthcare institutions was deemed essential.

Of particular significance was the council's endorsement for the implementation of the national school health strategy in secondary schools for both male and female students

https://shafaq.com/en/Iraq-News/Population-Council-meeting-produces-strategic-recommendations

"THE IMF WARNED OF THE DANGERS OF THE ECONOMIC SITUATION OF THE COUNTRIES OF THE MIDDLE EAST" BY MNT GOAT, 29 OCT

THE IMF WARNED OF THE DANGERS OF THE ECONOMIC SITUATION OF THE COUNTRIES OF THE MIDDLE EAST

(This came about because of the terrorist attack on Israel. Iraq is sound. This war may only jack up the price of oil more making Iraq even more wealthy….)

{Economic: Al-Furat News} The International Monetary Fund warned of the dangers of the economic situation of the countries of the Middle East.

“The current escalation in Gaza threatens to destroy economic activity in the region,” he said.

World Bank President Ajay Banga warned yesterday that a war between Israel and Hamas could deal a serious blow to global economic development.

(What they mean is their plan for a One World Government and their influence in the region of the middle east is part of this operation.)

Banga told an investor conference in Saudi Arabia that he believed “what happened recently in Israel and Gaza will have a more serious impact on economic development,” adding: “I think we are at a very dangerous juncture.”

The Gaza Strip has been under Israeli ground, sea and air bombardment since Hamas launched Operation Al-Aqsa Flood on Oct. 7.

On the 19th day of the war on Gaza, Israeli aircraft continued to bomb civilians, and 4 Palestinians were killed in rocket fire by Israeli aircraft on the outskirts of the Jenin refugee camp in the West Bank.

The Palestinian Ministry of Health in the Gaza Strip documented 47 massacres that left 704 martyrs, bringing the total toll in two weeks to about 5800,15 martyrs, most of them children and women, in addition to more than injured.

(Folks there is no way in hell they are going to reinstate the dinar when this conflict is going on. Get it? Yes, it is sad. Seems when Iraq is just getting stable and secure this crisis pops up.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraq to address population growth, climate change challenges amid urban expansion, 29 OCT

Iraq to address population growth, climate change challenges amid urban expansion

Shafaq News/ Iraq's Minister of Planning, Mohammad Ali Tamim, on Sunday said that Iraq is witnessing continuous population growth, with urban areas experiencing significant expansion at the expense of rural counterparts.

Those remarks were made during a speech he delivered at the "Iraq and Climate Change Initiative" conference hosted by the European Union mission in Iraq.

In his address, the minister stated that the government has been actively formulating "policies and decisions to address climate change and establish genuine partnerships across various sectors" in a bid to "ensure sustainable economic growth, secure food and water resources, and transition towards the use of clean and renewable energy sources." 

Dr. Tamim shed light on Iraq's substantial population growth, which has led to the considerable expansion of urban areas.

"Currently, 70% of Iraq's population resides in cities, while 30% lives in rural areas," he said, "comprehensive plans have been developed to manage land usage efficiently, establish energy efficiency standards, and construct sustainable cities."

The minister explained that Iraq's recently announced residential cities take environmental protection and climate change mitigation into account, aligning with the country's efforts to tackle environmental challenges.

https://shafaq.com/en/Iraq-News/Iraq-to-address-population-growth-climate-change-challenges-amid-urban-expansion