The Finance Minister is working with the United States, the UK ambassador and what are they talking about? ...The steps for ascension to the global financial system. What comes to mind when talking about 'ascension'? WTO has ascension. What else?
Article: "Alaq says the rise in the exchange rate in his time and the project to delete the zeros still exists" When was that? July 26, 2023. The plan is still underway, hasn't changed. It's a dynamic and fluid circumstance. We had the Bank of International Settlements come out and talk about highly complex financial transactions ...shocks, warning people...we can see there's some fireworks going on...in the background.
Samson
Article: "An upcoming meeting between the Iraqi Central Bank and the US Treasury next week"
Historic Meeting: Iraqi and Armenian Presidents Chart Path for Enhanced Bilateral Ties
In an unprecedented move aimed at bolstering bilateral ties, the President of Iraq, Abdul Latif Rashid, and his Armenian counterpart, Vahagn Khachaturyan, co-chaired a grand meeting of their respective government delegations on November 22, 2023, in Yerevan, Armenia. The landmark event marked the first visit by an Iraqi President to Armenia, a testament to the deepening political, cultural, and economic ties between the two nations.
Strengthening Ties and Digital Cooperation
During the meeting, both leaders emphasized the importance of enhancing their shared cooperation, particularly in the realms of technology, digital economy, digital services, and governance. The Iraqi President expressed his appreciation for the Armenian community in Iraq, lauding their contributions to the nation’s cultural fabric. He also displayed a keen interest in activating bilateral work mechanisms and closely monitoring the results of the recent joint committee meetings held in Baghdad.
Security and Economic Stability
President Rashid offered an optimistic assessment of Iraq’s current state, highlighting its high level of security, political, and economic stability. He portrayed this stability as a magnet for investment opportunities, opening the doors for potential Armenian investors. This sentiment was echoed by President Khachaturyan, who expressed his enthusiasm for strengthening the economic ties between the two nations.
Historic Visit and Future Prospects
The visit, described as ‘historic’ by President Rashid, served as a platform for discussions on a range of topics, including regional security, the normalization of Armenia-Azerbaijan relations, and potential cooperation in sectors such as tourism, trade, energy, and water resources. The visit concluded with the adoption of a joint statement, reflecting the mutual desire to develop bilateral relations in all areas. As the first official visit of an Iraqi President to Armenia comes to a close, the prospects for enhanced cooperation and a strengthened relationship between the two nations seem brighter than ever.
Understanding the Exchange Rate: Iraqi Dinar vs. US Dollar, 22 NOV
The exchange rate of the Iraqi dinar against the US dollar currently stands at 100 US dollars for 159,000 Iraqi dinars. This valuation has substantial implications for financial markets, businesses, and individuals involved in currency exchange or economic activities involving the Iraqi and US currencies.
Fluctuating Factors Impacting Exchange Rates
Exchange rates are perpetually in flux, influenced by a myriad of economic factors. These include monetary policies, inflation rates, and geopolitical events. The balance between the Iraqi dinar and the US dollar is no exception to this rule. The stability of Iraq’s economy and political landscape, as well as the global demand for oil, directly impacts the value of the Iraqi dinar. Given Iraq’s status as a significant oil-producing country, the shift in global oil demand can tilt the balance of the exchange rate.
Reliable Sources for Currency Conversion
Accurate and up-to-date information is paramount when dealing with currency exchange. A variety of webpages offer reliable currency converters for converting Iraqi Dinar to United States Dollar, along with information on how to send money abroad effectively. These platforms update their currency rates frequently, providing dependable sources for currency conversion. They also deliver the live exchange rate of 1 USD to IQD, and vice versa, along with charts for historical periods.
Real-Time Exchange Rates
These webpages provide real-time exchange rates, like the rate from U.S. Dollar to Iraqi Dinar, which currently sits at 1,308.2500 Iraqi Dinar for every 1 U.S. Dollar. They also offer the reverse conversion and refresh the rates every 15 minutes. Some platforms provide the exchange rate of large sums, like 100,000 Iraqi Dinar to U.S. Dollar, which equates to about 76.16. These pages also offer a currency exchange calculator, detailed exchange rates, and charts for various time frames. All this data serves to equip users with the necessary tools to make informed financial decisions.
FIREFLY: Iraq's security teams arrested the most dangerous foreign currency smuggler inside of Iraq. They're saying this is the head of the snake. They tell us that by removing this man our reforms will continue and move forward as has been promised to us Iraqi citizens.
FRANK: These events...are extremely powerful events to allow the new exchange rate to come out.
Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320...They were supposed to make the next step.
I told you at that time, 'Now that they've made this movement, let's say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket...'
Article quote: "Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar." What?!?
Word for word of what we taught you...This is the last step. IMO the CBI is going to be going to the US Treasury next week...This is exactly what we want next
Salary Schedule Presented to Iraq and KRG: A Step Towards Economic Stability, 22 NOV
In a significant step towards economic stability in Iraq and the Kurdistan Regional Government (KRG), a meticulously reviewed salary schedule for public sector employees has been presented to both authorities. This development is part of a broader initiative aimed at streamlining salary disbursements and fostering transparency within the payroll systems.
Addressing Salary Discrepancies
Central to this process is the goal to eliminate any inconsistencies, prevent double payments, and detect ghost employees. A fair and systematic approach to salary payments is being sought, one that aligns with the financial capabilities of the governments and caters to the needs of the public sector workforce.
Public Sector Reforms and Economic Stability
Presenting the salary schedule is indicative of the progress being made in public sector reforms. It is a crucial stride towards overall economic stability in the region. These reforms are poised to create a more robust and transparent financial environment, ensuring that the hard-earned money of the public sector’s workforce is managed and disbursed appropriately.
Repercussions on the Ground
On a more granular level, the Delphos City Council has deliberated extensively on an ordinance establishing the pay salary and pay rate for non-bargaining employees and department supervisors. This includes a 10% increase to the upper end of the wage scale range, a response to a 2020 study of competitive compensation for similar positions in other communities.
IPBL supports governmental efforts reducing exchange rate in parallel market
Baghdad (IraqiNews.com) – The Iraqi Private Banks League (IPBL) announced on Tuesday its support for government efforts aiming to reduce the exchange rate of the US dollar in the parallel market.
The President of the IPBL, Wadee Al-Handal, in a statement to the Iraqi News Agency (INA), indicated that the great support of the Iraqi Prime Minister, Mohammed Shia Al-Sudani, for the private sector represents the beginning of economic reform in Iraq.
Al-Handal stated that the recent measures of the Central Bank of Iraq (CBI) and the government regarding trade financing using new currencies, such as the euro, the UAE dirham, the Chinese yuan, and the Indian rupee, represent a step toward reducing the exchange rate of the US dollar in the parallel market.
The President of the IPBL noted that the regulation of trade financing carried out by the government and the CBI will lead to an increase in trade financing.
Al-Handal clarified that private banks are taking great steps in expanding international relations with international banks to facilitate the financing of Iraqi trade with countries around the world.
The Iraqi official added that the private sector is an important partner for the government in providing services and job opportunities and reducing poverty.