Dollar Exchange Rates Stabilize With The Stock Market Closing
Market Economy News – Baghdad The prices of the US dollar against the Iraqi dinar closed stable in Baghdad, on Saturday, and rose slightly in Erbil with the closure of the stock market.
Dollar prices stabilized with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 155,900 Iraqi dinars for every 100 dollars, which are the same prices recorded this morning.
Selling prices in banking shops in local markets in Baghdad were stable, as the selling price reached 156,750 Iraqi dinars per 100 dollars, while the purchase price reached 154,750 dinars per 100 dollars.
In Erbil, the dollar recorded a slight increase, as the selling price reached 156,150 dinars per 100 dollars, and the purchase price reached 156,050 dinars per 100 dollars.
Here are some more notes I tried to get FROM WOLVERINE PM CALL to add to Big Skye’s great report!!! (Thank you Skye !!) trigger groups in Zurich are being paid. Trump is in reno tomorrow, something will happen tomorrow, all saying right after tomorrow, but others say on Tuesday. We have been waiting for tomorrow.
Mauricio is getting the authority to release funds, he is waiting for the light to open the floodgates. He is the #2 Guy in the RV Trump is first. Lucky to meet him. I have heard that a lot of sources say tomorrow may be the day it will happen, say it is lining up for tomorrow. I pray it comes to fruition for tomorrow.
No need to have a Humanitarian project for Tier 4B, and no obligations, but the big whales, need projects, as they will get billions of dollars, and they need projects with their money. For people like us, no project is required, but they would like us to do good things with our money. For those who planned projects for a long time, these people are in special groups to do projects, so they would be pleased that those groups have projects. Many people have been pushing humanitarian projects for years, and they have made money off of it for years, but no, no need for a project to get paid.
Skye will do a presentation in 5 minutes, but we have had no confirmation at all, but we hope she will be able to pull it off this week. It is not her fault, the alliance needs to get it confirmed and do a follow-up for it to happen. I do not understand what is going on Skye. I have heard it will be a shotgun release, which will be fantastic. I spoke to a huge whale, and this guy called me and told me “We are going to have a good Christmas” whom I cannot name. The Pentecostal group is all lined up, they sang a song I sent to you guys, where they are saying Merry Christmas and all Cheerful. I think we will have a great Christmas.
Some say the EBS, I don’t know, I prefer it to come later, as people will be afraid to go outside, I prefer it to come after the exchange, especially if people have no funds to buy food. Some people say 3 days, others say 10 days. People need money to buy essentials. In my personal view, I hope it doesn’t happen like that.
Nechirvan Barzani Discusses With Plasschaert The Political And Security Situation In Iraq
The President of the Kurdistan Region discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, The political and security situation, in addition to the Iraqi provincial council elections
According to a statement issued by the regional presidency, Nechirvan Barzani met with the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, today, Saturday. I agree The two sides are of the opinion on “the importance of conducting and successful voting in council elections.” Governorates in Iraq, and discussed the relations between Erbil and Baghdad.
Barzani and Plasschaert stressed the importance of protecting security The operation is to take place in a safe and stable atmosphere, especially in the areas covered by Article 140 From the permanent Iraqi constitution.
Regarding relations between Erbil and Baghdad, values The two sides positively expressed the efforts and role of Muhammad Shiaa Al-Sudani, the Iraqi Prime Minister, "The hope of strengthening relations between the federal government and the Kurdistan Regional Government during The next stage is to resolve the outstanding problems between the two sides on the basis of the constitution.
On December 12, the Iraq Economic Contact Group (IECG) held the final meeting of 2023, co-chaired by Italy and the United States. As friends and partners of Iraq, Canada, France, Germany, Italy, Japan, the European Union, the United Kingdom, the United States, and the World Bank commit to supporting Iraq in the implementation of a comprehensive and ambitious reform agenda, paving the way to sustainable and inclusive economic development.
The IECG is eager to strengthen its engagement with the Government of Iraq (GOI) through regular dialogue at both the political and technical level. This engagement is crucial to streamline cooperation between the two sides, identify and support common goals, and support the GOI’s priority reform areas. The IECG commends Prime Minister Mohammed Shiaa al-Sudani for appointing business and economics experts within his office and looks forward to collaborating with them.
The IECG was encouraged by Prime Minister Sudani’s announcement of new economic reform initiatives throughout 2023 and the passing of a historic three-year budget that laid the foundation for implementation of the government’s reform agenda. In October, Iraq gained membership to the European Bank of Reconstruction and Development (EBRD) – a move strongly supported by the IECG as the first step to unlocking new sources of investment and enhanced cooperation with other multilateral and bilateral financial facilities. In the past month, the government convened conferences on Public Private Partnerships (PPPs) and tax reform, including a new bank sector reform project with Rafidain Bank.
Further, the GOI recently announced the establishment of the Iraq Fund for Development (IFD) alongside the Development Road project, and the Prime Minister strengthened economic ties with regional partners. The GOI’s efforts to expand the use of digital platforms for financial transactions, with electronic payment and other e-commerce mechanisms, represent important steps to minimize the informal economy and reduce opportunities for corruption.
Looking ahead to next year, the IECG welcomes further cooperation in support of Iraq’s economic and financial sector development, including Prime Minister Sudani’s policies to strengthen the dinar and oversee monetary policy. Clear communication of new dinar policies during the transition period will help avoid adverse effects on Iraqi households and businesses as well as on development cooperation projects and foreign investments in Iraq. The IECG also stands ready to support Iraq’s next steps to becoming an EBRD Country of Operations, its journey toward World Trade Organization accession, and its potential partnership with the European Investment Bank (EIB).
EIB’s expertise in road, railroad, water and sanitation investments, climate action, environmental sustainability financing as well as urban transmission initiatives will accelerate key infrastructure measures and help facilitate a green transition. The IECG urges further attention in 2024 to address the deficit and public sector wage bill, measures that would improve fiscal resilience. Timely budget execution will be critical to the GOI’s ability to sustain important infrastructure investment, particularly in expanding domestic power generation, distribution, and expansion of green energy.
Long-term sustainable economic development is contingent on a dedicated response to pressing climate and environmental challenges. Sustained investment in water management and infrastructure is critical to counteract the debilitating impacts of climate change. To accelerate private sector growth, the IECG encourages government action to identify and address the challenges faced by domestic and international business, including efforts to promote transparent and predictable regulations. In this vein, we welcome further progress on the PPP, Companies, Industrial Investment, Customs, and Arbitration laws as well as timely implementation of the recommendations from the recent PPP and tax reform conferences. On January 1, Italy and the United States proudly hand over the IECG to incoming co-chairs France and the United Kingdom. Under their leadership, the IECG will continue to support an ambitious reform agenda, promote sustainable economic development, and stand by Iraq’s side as a reliable friend and partner in 2024.