Sunday, December 10, 2023
Al-Qaddo: We will not accept the guardianship of the American embassy over Iraq , 10 DEC
Al-Qaddo: We will not accept the guardianship of the American embassy over Iraq
"RV UPDATE" BY RAYREN98, CLARE AND NADER FROM MID EAST, 10 DEC
RayRen98
[via Babysmom] ...MOST RECENT ANTICIPATED OPENING RATES AS PER RAY...DONG .47... DINAR 3.81...WE WON'T KNOW UNTIL THE DAY WE GO TO EXCHANGE WHAT THE CURRENT RATE IS...
Clare
Article: "The World Gold Council announced, on Thursday, that Iraq and 4 Arab countries possess more than one million tons of global gold reserves ." Quote: "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as it has not purchased gold since May, bringing its gold possessions to 132.7 tons, which represents 7.7% of the rest of its other reserves."
Nader From The Mid East
They are start to prepare people to use only the dinar and they start advertisement...they call it education, I call it advertisement. Things are going good...somewhere 1 to 1. [See the Iraqi dinar advertisement video under Guru Frank26's post below]
Report: More than 90 trillion dinars in cash are in circulation outside the banking system in Iraq, 10 DEC
Report: More than 90 trillion dinars in cash are in circulation outside the banking system in Iraq
The Future Iraq Foundation for Economic Studies and Consultations counted, on Sunday, the local currency circulating outside the banking system in the country during the year 2023, and said that it exceeded 90 trillion dinars.
The institution stated in a report published today that the value of the issued cash currency increased from 78 trillion dinars at the beginning of the year 2022 to reach more than 102 trillion dinars at the end of the year 2023, with a growth rate in the issued cash currency amounting to 9.24% during 2023 and a growth rate in 2022 amounting to 20%, an increase. For the year 2019, by 58 trillion Iraqi dinars, according to data from the Central Bank of Iraq.
The report added that the cash currency outside the banking system amounted to approximately 93 trillion Iraqi dinars, an increase of 30% compared to 2022, and it is the highest volume of funds existing outside the banking system throughout the history of the Iraqi banking system.
According to data from the Ministry of Planning, the population of Iraq in 2023 reached approximately 43 million people, representing only 60% of them over the age of 15 years. Therefore, the number of Iraqis’ population who are more than 15 years old exceeds 26 million people, and based on the Ministry’s figures Work, which indicates that the size of social welfare beneficiaries is approximately 14 million people, while the number of adult Iraqi citizens who are not covered by social welfare is approximately 12 million people.
The report indicated that, based on data from the Ministry of Labour, the Ministry of Planning, and the Central Bank of Iraq, it can be concluded that the average value of each Iraqi’s hoarding of money in the Iraqi currency “exclusively” is approximately 7.2 million Iraqi dinars per citizen, higher than in 2019, which was approximately 4 million. Iraqi Dinar.
According to the Foundation, considering that each home contains at least two adults (a man and a woman) who are not covered by social care, the rate of each Iraqi home hoarding money exclusively in the Iraqi currency amounts to 15 million Iraqi dinars, which is a higher percentage than in 2019, which was approximately 8.12 million dinars. Iraqi.
The report noted that, based on these official figures issued by official bodies, every adult Iraqi citizen over the age of 15 (man and woman) who is not a beneficiary of social welfare was able to increase his money stored in Iraqi dinars by 1.2 million Iraqi dinars during the years 2022 and 2023 despite From the decline in the value of the dinar compared to the dollar in the local market, in addition to the rise in commodity prices and the rise in inflation rates by 4%, according to data from the Ministry of Planning.
Hoarded money is defined as the value of money that a person keeps away from the banking system, and does not invest it or buy his own assets, but rather keeps it away from financial institutions and exclusively in the Iraqi currency and not in other currencies.
The institution concluded in its report that some believe that these numbers may be illogical, and that Iraqis are suffering from a major shortage of funds and deteriorating social conditions. However, what is proven is that the Central Bank of Iraq has, in two years, exported more than 24 trillion Iraqi dinars, warning that more Of the 22 trillion Iraqi dinars that were hoarded by adult citizens and non-beneficiaries of social welfare. link
"RV UPDATE" BY PIMPY, 10 DEC
Pimpy
[Response to the the new Iraqi Dinar Commercial video...See Frank26's 10-8-2023 post below to watch it.]
The video shouldn't be shocking to anybody. The video that was released is only supporting what we've been reading over the last couple months - That Iraq was going to start taking pride in their currency, the government wants to encourage them to take pride in their currency, they want them to start getting away from using the US dollar and start using Iraqi dinar and together they'll do what it take to strengthen the Iraqi dinar...Nice little commercial...
Community comment: "I disagree with your position. The dinar going up in increments doesn't help anyone." Sure does. It helps the Iraqi people. They get more purchasing power.Iraqi Prime Minister Stresses Commitment to Human Rights at National Conference, 10 DEC
Iraqi Prime Minister Stresses Commitment to Human Rights at National Conference
In a landmark address at the second national human rights conference in Baghdad, Iraqi Prime Minister Muhammad Shi’a al-Sudani reiterated the nation’s unwavering commitment to human rights. The conference, marking the 75th anniversary of the Universal Declaration of Human Rights, served as a beacon of hope for a better, more equitable Iraq.
The Commitment of Iraq to Human Rights
Al-Sudani shed light on the government’s actions to secure human rights, including tackling public complaints, holding law enforcement accountable, prosecuting human rights abusers, and implementing strategic measures against human trafficking and suicide prevention. Justice Minister Khalid Shawani announced that Iraq has become one of the most committed countries to send reports on the human rights file, indicating a transparent approach in the government’s workings.
Legislative Measures in Support of Human Rights
Al-Sudani also pointed out legislative efforts aimed at buttressing human rights in Iraq. He mentioned a bill concerning information rights, a key measure to ensure transparency and accountability. Additionally, a law aimed at safeguarding Yazidi survivors of ISIS was highlighted, demonstrating the government’s dedication to protect the vulnerable. Furthermore, the Prime Minister mentioned amendments to laws concerning the freedom of expression and prohibition of torture, underlining the government’s strive for justice and equality.
Call for Completion of High Commission for Human Rights
In his speech, the Prime Minister urged the Iraqi parliament to finalize the selection of members for the High Commission for Human Rights. This commission stands as a critical body in Iraq’s human rights infrastructure, working tirelessly to uphold justice and human rights. Al-Sudani’s call underscores the government’s dedication to ensuring that the commission is fully functional and effective in its mission.
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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...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...