By mid-January 2024 the CBI is giving a time frame where the IQD CBI exchange rate will be one in the same as the market rate. That's all that matters. Let's see what that rate is by mid-January. The black market rate will be no longer...that shows great control of the CBI official exchange rate for their currency...
The goal to de-dollarize has been the goal all along of the monetary reform - to remove the American dollar from Iraq's banking structure. The fact that we are there is exciting.
1310 is actually a really good rate right now because it's good to keep control of the IQD exchange rate. By keeping it at 1310 until they're ready to pull the trigger, there's no profiteering. There's no reason to steal a dinar.As the CBI maintains the exchange rate value of the IQD it is affecting the rate of the USD verses IQD...The CBI is controlling the dinar...
Shafaq News/ On Monday, the Iraqi Prime Minister promised the Iraqis that the year 2024 would be a year of achievements.
Al-Sudani said in a statement distributed by his media office and reported to Shafaq News Agency: “I extend to our honorable Iraqi people my warmest words of congratulations, and I pray to God Almighty to protect them in our beloved Iraq.”
He added, “We enter a new year, in which we carry the aspirations of our people, hold out hope and determination, and renew our insistence that it be a year full of progress, work, and giving, and to carry on with what the government has committed to in its program and executive priorities, that it is a government of services, reform, and fulfillment of requirements and needs, which meet the aspirations of citizens everywhere.” From this dear country.
He continued, “Our new year will be (the year of achievements), God Almighty willing. It will be the year of transforming plans into work reality, and reaping and reaping the fruits of effort, in a way that meets the ambitions of our citizens everywhere.”
Banking Announcement of the CBI in Iraq: In an official statement from the CBI of Iraq, customers inside Iraq can receive the dollar with the permission of investors involved in the transaction. Otherwise, all transactions are to be done in the Iraqi Dinar going forward in order to enhance confidence in the dinar. This official statement is the new monetary policy that has been decided to begin on January the 2nd, 2024 per the Council of Ministries.
The Central Bank of Iraq has warned that some people are misusing the electronic payment cards it makes available to meet the legitimate natural needs of citizens.
The bank stressed its commitment to implementing strict measures to limit this phenomenon, protect the financial system, and ward off risks from it, indicating that it will include the names of bank card holders whose misuse or smuggling is caught on black lists and take legal measures against this group.
The bank noted that they will be deprived of issuing other cards and all financial products, and that all necessary measures will be taken against violators, based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and the instructions and controls issued pursuant thereto.
CHINA AND SAUDI ARABIA HAVE SIGNED A LOCAL-CURRENCY SWAP AGREEMENT WORTH AROUND $7 BILLION, DEEPENING THEIR TIES AS NATIONS THROUGHOUT THE MIDDLE EAST AIM TO DIVERSIFY MORE OF THEIR NON-OIL TRADE AWAY FROM THE DOLLAR.
Parliamentary Resources: The Region’s “Procrastination” Obstructed The Approval Of The Oil Law
Money and business Economy News – Baghdad The Oil, Gas and Natural Resources Committee in the House of Representatives attributed the delay in approving the Oil and Gas Law to the Kurdistan Region’s procrastination in implementing its obligations towards the federal government, while the Committee explained the sale of some oil companies’ shares in Iraq to two things.
Committee member Ali Al-Mashkour said, “There are outstanding points of contention between the center and the region that have caused the delay in approving the oil and gas law until now, in addition to the latter’s procrastination in implementing its obligations towards the center.”
Regarding the sale of some international oil companies of their shares in Iraq, Al-Mashkour stated that “this is due to two things: The first is to achieve its interests in other countries if a valuable opportunity is available to it, regardless of the place in which it was working. The second reason is “due to the political changes and events taking place in the country in which it was working and the conflict of interests between one country and another.” Views 76 12/31/2023 - https://economy-news.net/content.php?id=39012
(IMO): This meeting could comprise of these pertinent subjects.
Artificial Intelligence Quantum Computing Nanotechnology Immortality Anti Gravity Quantum Economic Renaissance The 10 Freedom Cities Anti Gravity Vehicle Floating Cities Humanitarian Projects Singularity The New Republic Advanced Medical Technology Hydrogen Technology
All of this will be a result of the currency revaluation set to take place. So this is natural that these subjects are covered to prepare the public for monumental changes. Even if everything doesn’t make to the table. We know why it’s important regardless when the plan to schedule.