Iraqi Dinar Final Countdown CBI's Triumph Over the Dollar Unveiled on Ir...

Iraqi Prime Minister Calls for Transparency in Fines Imposition, 29 NOV

 Iraqi Prime Minister Calls for Transparency in Fines Imposition

In a significant move towards fostering transparency and accountability, the Prime Minister of Iraq, Mohammed Shia’ Al Sudani, recently emphasized the need for clear and straightforward procedures in the imposition of fines on Iraqi citizens. This call from the Prime Minister signifies a commitment to ensuring citizens fully grasp the reasons and processes behind any penalties they may face.

A Step Towards Trust Building

Such a move is aimed at building trust between the government and the public, preventing potential misunderstandings or grievances that could arise from the imposition of fines. It is a step towards establishing a more transparent government, where the citizens are kept in the loop about their rights and obligations, reducing the chance of any perceived injustices.

Promoting Good Governance

The Prime Minister’s statement also underscores the Iraqi government’s ongoing effort to promote good governance and accountability within its operations. It is part of a broader initiative that seeks to instill a culture of transparency and fairness in all governmental procedures, encouraging citizen participation and promoting the rule of law.

Implications for the Future

This move by the Prime Minister serves as a strong indication of the government’s commitment to open governance, a factor that plays a critical role in a country’s political stability and economic prosperity. It marks a positive step towards improving public trust in the government, fostering a sense of shared responsibility for the country’s future, and enhancing the overall quality of governance in Iraq.

https://bnn.network/politics/iraqi-prime-minister-calls-for-transparency-in-fines-imposition/

"RV UPDATE" BY FRANK26, 29 NOV

 Frank26 

  There's going to be a meeting with the CBI and the US Treasury in Dubai.  All you got to do is figure it out.  The first [meeting in Washington] was for what?  The American dollar.  So you go to the US Treasury.  This one is important for what?  The Iraqi dinar.  So you go to a place like Dubai. Would you go anywhere else?   ...It is exciting times.  It's amazing what's going on.   

 JP Morgan Chase is now actively involved with the Iraqi dinar.  They may doubt it half the time but the other half they guide you. 

 The Chief Executive Office of Chase Mr. Diamond released a document last month saying his bank is now supporting the Iraqi dinar 100% and he's building Chase Banks in Iraq.  The employees of Chase do not know what's going on in order to protect the corporation that will soon be exchanging the Iraqi dinar in America...

 Our time is coming to an end in my strong opinion.  I'm excited about the fact that 2024 is around the corner.

The dinar is gone to master the Curran BY NADER FROM MID EAST

Delayed Fund Transfer in Iraq Amidst Global Salary Increase Trends, 29 NOV

 Delayed Fund Transfer in Iraq Amidst Global Salary Increase Trends

In a recent update from Baghdad, Rudaw correspondent Hewlket Aziz disclosed the postponement of the transfer of 700 billion Iraqi Dinars. This report highlights the persisting financial and administrative challenges within the region. It also alludes to the expectations of talks regarding the disbursement of three months’ salaries in the coming week. This situation has a significant impact on government employees, who are anxiously awaiting their pending salary payments.

Financial Struggles Amidst Positive Global Outlook

While the delay in fund transfer and the anticipated discussions suggest attempts to address the salary arrears, the report does not provide specific reasons for the delay or proposed solutions to the problem. This comes at a time when the ECA International’s Salary Trends Survey for 2023 indicates that the global outlook for employees is beginning to show signs of improvement, with nominal salary increases in 2023 standing at 5.1%. This represents an increase of around one percentage point compared to 2022.

Real-World Implications of Salary Decreases

However, when inflation is considered, employees have, in fact, experienced an average decrease of 1% in real terms. Despite this, employers from most regions are expecting to provide nominal salary increases at a similar level to the current year in 2024.

Regional Developments

Elsewhere in the region, Saudi Arabia and Kuwait have made significant decisions. Saudi Arabia has implemented stricter rules for issuing work visas for domestic workers, with requirements such as foreign employers needing to be at least 24 years old. The country’s Ministry of Human Resources has launched Musaned, a recruitment platform designed to enhance the domestic labor market. Meanwhile, Kuwait’s Council of Ministers has approved a draft Emiri decree that will result in several prisoners being pardoned and the restoration of citizenship for opposition figures that were stripped of their status roughly a decade ago.

https://bnn.network/world/iraq/delayed-fund-transfer-in-iraq-amidst-global-salary-increase-trends/

Baghdad to discuss amending Iraqi Kurdistan’s oil contracts in December, 29 NOV

 Baghdad to discuss amending Iraqi Kurdistan’s oil contracts in December, 29 NOV

Officials in Iraq’s oil sector plan to meet with representatives of international oil companies and Iraqi Kurdish officials in early December. The purpose of the meeting is to discuss proposed amendments to the existing contracts, with a focus on the latest efforts to resume oil exports from northern Iraq via Turkey.

Bassem Khudair, the Undersecretary of the Ministry of Oil for Extraction Affairs, informed Reuters that the revival of crude oil exports from the Kurdistan region of Iraq, which have been suspended since March, is subject to negotiations aimed at replacing the current production-sharing contracts with profit-sharing agreements.

Khudair explained that oil exports through Turkey will resume if companies agree to change their contracts.

We expect to reach an agreement with the companies. These companies want to continue working in the region without any problems, Khudair added.

Turkey halted exports of 450,000 barrels per day of oil from northern Iraq on March 25th following an arbitration case ruling by the International Chamber of Commerce (ICC).The Kurdistan Regional Government (KRG) exported oil to Turkey without Iraq’s authorization from 2014 to 2018. As a result, Turkey was ordered to pay $1.5 billion in compensation to Iraq.

CENTRAL BANK GOVERNOR: WASHINGTON RESPONDS TO ALL THAT IRAQ NEEDS IN TERMS OF DOLLARS AND A MEETING WITH IT NEXT MONTH, 28 NOV

 CENTRAL BANK GOVERNOR: WASHINGTON RESPONDS TO ALL THAT IRAQ NEEDS IN TERMS OF DOLLARS AND A MEETING WITH IT NEXT MONTH

Central Bank Governor Ali Al-Alaq announced that the Federal Reserve and the US Treasury are responding to all requests for the dollar Iraq needs.

Al-Alaq said in a press interview that “the Iraqi Central Bank will hold a meeting with the US Treasury and the Federal Reserve early next month in Dubai,” noting that “radical steps will be taken within the framework of reorganizing trade on the right foundations,” noting that “the electronic platform will be completed (ending) early next year.”

He noted that “the Central Bank will exit the process of conducting the executive aspects of the external transfer and its role will be limited to supervision, and we have worked to create a new relationship between Iraqi banks and internationally accredited correspondent banks abroad.”

He pointed out that “the US Federal Reserve provides support in creating a relationship between Iraqi banks and correspondent banks,” noting that “the operations of opening accounts for Iraqi banks are happening for the first time, and that the rejection of transfers on the electronic platform has begun to decline and there are no restrictions on Iraqi funds abroad.”

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