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The Central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday, 1 JAN

The Central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday

The Central Bank of Iraq specified the parties covered by obtaining their foreign transfers in cash in dollar currency starting from January 2, 2024.

A statement by Al-Bitek said, a copy of it said: “External transfers include all diplomatic missions, international organizations and agencies operating in Iraq, and non-governmental civil society organizations registered in the General Secretariat of the Council of Ministers in the event that the foreign donor requires the payment of the amounts of foreign transfers received in dollar currency inside Iraq.”

He added, “It also includes government contracts in force in the US dollar currency, and continuous contracts on grants, loans and foreign agreements,” noting “40 percent of incoming transfers to Iraqi exporters resulting from their exports abroad.”

The statement continued, “Banks are allowed to deliver their customers the amounts of their remittances received from abroad in cash and from the self-resources available to the bank and according to the agreement between the bank and the customer.”

https://alforatnews.iq/news/المركزي-يحدد-الجهات-المشمولة-بالحصول-على-حوالاتها-بالدولار-بدءاً-من-الثلاثاء

"RV UPDATE" BY FRANK26, 1 JAN

 Frank26 

  It's still at 1310...Right now.  Don't you understand [the dinar] is being put into a position to change the rate?  It's that simple.  It's not complicated.  It's that simple at this simple step...That's what you're seeing.  That's what you're witnessing.  

Question:  "Is Iraq going forward with only dinars as of January 1st?"  Yes and that is the key...the next 24 hours is a very important key to see if they use it to unlock the monetary reform....If the Iraqi citizens have absolutely no other currency but the dinar to use in their country... how are they going to do it with a 3-zero note that has almost no value to it?

Question "Do you think we will be limited to the exchange time?" ...They will give you the time  frame.  I'm hoping...they never stop.  Now, Iraq will stop.  They will eventually cancel their 3-zero notes but you'll be told way  in advance.  My only sadness is I hope they don't say you you got 3 months to exchange.  I would love to see the float go into 6  months or a year...If we are stopped then the float is of no value to us any longer...  

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Iran announces the start of settling its exports to Iraq in its currency, 1 JAN

Iran announces the start of settling its exports to Iraq in its currency

Information/Baghdad..
The Governor of the Central Bank of Iran confirmed the start of a project to settle the country’s exports abroad in the national currency, the riyal.
Muhammad Reza Farzin said on the sidelines of the meeting of the Government and Private Sector Council in Khorasan Razavi Province (northeastern Iran), that “the issue of settling Iranian exports via the riyal currency outside the borders has been studied by the Central Bank for several months, and that its entry into force will address the requirements of exporters to Iraq and Afghanistan.”
He added, “This issue is one of the demands of Mashhad’s merchants for export to Afghanistan, and through the implementation of the ‘Rial Offshore’ project (riyals outside the borders), merchants will be able to benefit from it instead of foreign currency.”
He pointed out that “the regulations for the cross-border riyal project have been formulated by the Central Bank, and in practice two banks have started this project, and soon it will be circulated to all the country’s banks.”
It is noteworthy that the Federal Reserve Bank, the US central bank, imposed procedures and restrictions on external financial transfers from Iraq, to ​​ensure that they do not reach Tehran.

almaalomah.me

"RV UPDATE" BY NADER FROM MID EAST, 1 JAN

 Nader From The Mid East 

 I hope it gets 1 to 1.  I'd be happy with that...Let's see what's going on with the budget and the elimination of the dollar.   Let's wait for the best and expect the best.

Don't worry about the budget.  The budget has nothing to do with nothing.  Has stuff to  do with making the economy stronger and all that stuff but has nothing to do with the rates...  

They're doing great.  I can't wait for January to see what's next week to see what's gonna happen.  I mean I can't wait, like the day get longer when you want to know, when you want to see what's happening there, the days got longer and longer.  I wish to see what's the first step...

I have no inspiration for tonight BY NADER FROM MID EAST