Amnesty, Drugs, And The 2024 Budget Are The Most Prominent Laws Of The Next Legislative Term, 10 JAN

 Amnesty, Drugs, And The 2024 Budget Are The Most Prominent Laws Of The Next Legislative Term

Iraq  01/09/2024     Baghdad: Omar Abdul Latif  The Legal Committee in the House of Representatives has placed the laws on general amnesty, narcotics and psychotropic substances, and amending the 2024 budget among its work priorities during the next legislative term.

Committee member Dara Hama Sikanyani explained to Al-Sabah that the committee had previously discussed the general amnesty law and sent it to the Presidency of the House of Representatives to include it on the agenda.

He added that the law must be amended in a manner commensurate with the crimes that have occurred in society and to prevent the release of terrorists whose hands are stained with the blood of Iraqis, stressing the need to include these groups in the penal code.

Sikanyani pointed out that the committee discussed many times the law on narcotic drugs and psychotropic substances because of the importance of this law in preventing the circulation of narcotic substances, which is considered the most dangerous scourge in the country, as it causes financial losses, destroys the energy of youth, and breaks up families socially.

He stressed that the next legislative term will witness an amendment to the 2024 budget, especially the financial entitlements of the Kurdistan region, due to the difficult circumstances its citizens are suffering due to the delay.

Their salaries for more than 3 months.  https://alsabaah.iq/90118-.html

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 Frank26:  "THE CBI HIRING A LOT OF NEW PEOPLE BECAUSE THEY'RE GOING TO NEED A LOT OF HELP"............F26

Announcement of the tender for the transfer of Central Bank of Iraq employees

January 04, 2024
 
Announcement of the private public tender numbered (2024/1).

B (Transfer of Central Bank of Iraq employees)

The Central Bank of Iraq announces the holding of a public tender to transfer the employees of the Central Bank of Iraq, and according to the requirements stated in the table of quantities and the legal conditions contained in the standard document for non-consulting services, those wishing to participate from licensed and specialized companies who are qualified and experienced must send their official representatives, according to an authorization letter, to the headquarters.

The Central Bank of Iraq / located in Baghdad - Al-Rashid Street - Building No. (2), floor (3), Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (250,000) dinars (two hundred and fifty thousand dinars) is non-refundable, and will be the last date. To submit bids and close the tender is before the end of the official working day on Monday, February 12, 2024.

 In the event that the date of closing the tender coincides with an official holiday, the first day following that is considered the last date. The person who wins the tender will bear the fees for publishing the advertisement, and this bank is not obligated to accept the lowest
bids.

https://cbi.iq/news/view/2497

Iraqi Dinar✅Some Positive Developments For Iraqi Dinar-Iraqi Dinar News ...

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 Frank26:   "MONETARY REFORM GIVES 7 FEATURES OF SECURITY & STABILITY FOR THE FINANCIAL STRUCTURE.".............F26

The most important of which is security... Al-Rafidain lists seven advantages of electronic payment

1/1/2024

Today, Monday, Rafidain Bank indicated 7 features of the electronic payment system in Iraq.

The bank stated, in a statement received by Al-Mutala’, that: “Electronic payment consists of

1- Switching from dealing in manual cash to electronic cash.

2- Moving from a cash society to a cashless society and leaving cash payment to electronic card payment.

3- Collecting and collecting funds electronically.

4- Using POS devices in financial and commercial transactions.

5- Proceeding with plans for financial inclusion and digitization in banking transactions.

6- Establishing a culture of bank financial accounts instead of using direct cash.

7- Adopting an electronic card is safer than carrying cash and moving around in markets and other places.   LINK

(1/9) Iraq Dinar - Current Information

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 KTFA:

Frank26:  "THE DOLLAR IS NO MORE FOR IRAQI CITIZENS... EXCEPT FOR TRAVEL & MEDICINE"............F26

 Al-Rasheed Bank: Opening the platform for travelers wishing to buy dollars at eight o’clock in the evening

1/2/2024

 Al-Rasheed Bank announced the opening of the platform for travelers wishing to buy the dollar at exactly eight o’clock this evening, Tuesday.

 A statement from the bank, a copy of which {Al-Furat News} received, stated: “The new mechanism requires advance reservation for the traveler by entering the link on the bank’s official page to obtain the reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport.” .

He added, "This procedure will make it easier for the citizen to buy the dollar smoothly," stressing that "the data must be entered in the fields correctly so that the reservation process can be completed successfully."

For the purpose of reservation,  click here   LINK

"RV UPDATE" BY PIMPY, 10 JAN

  Pimpy 

 You guys out there think I don't know what I'm talking about because you don't listen.  I never said the exchange rate is going to be 12 to 1 in the year 2026.  I said the article that talks about the 12 to 11 exchange rate I found it interesting because they're talking about revisiting that in 2026.  What I'm curious about is if they're going to finally allow the Iraqi people to have access to that 12 to 1 exchange rate or is it just going to be used for other purposes like it was last time...

   12 to 1 is better than nothing.   A lot of people will get out...If it goes 12 to 1 95% of the people are going to jump the hell out of it.  They'd be scared that something would happen and screw everything up.  They'll take it.  I'll take 12 to 1.  I'm not greedy. I'll take 12 to 1, that gives me $333,000.  I'd be very happy with that.  Don't get me wrong, I would take more but I'd be very happy with that.    [Note:  Use the Dinar Guru Calculator to determine how much USD you'd make.  Link is at the top of this page.]

ou'll see changes IMO after the end of the 1st quarter of this year.  I might be wrong on that but I'm anticipating.  With all the trading they're doing, the fact that they got rid of the dollar, that is going to cause the Iraqi dinar to increase in value to the point where they might have to change the exchange rate...But any major major changes like 12 to 1 that's not small.  That's a big change in the exchange rate.