Iraqi Dinar Update CBI's Official Announcement on January 15th Going Int...

Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation, 10 JAN

   Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation

The Minister of Commerce, Atheer Daoud Al-Ghurairi, announced the completion of all preparations for holding the 47th session of the Baghdad International Fair, which opens today, Wednesday, with wide local and international participation.

Al-Ghurairi confirmed, according to a trade statement after his tour of the exhibition’s pavilions and citizens’ resting places, that the exhibition in this session differs from previous ones in terms of organization, the number of participating countries and companies, and the infrastructure that we have worked on over the previous months, to be at the level of ambition, as the exhibition represents Iraq’s window to the world and contributes to achieving real partnerships. For the Iraqi private sector with its counterparts in other countries of the world.”

He added, “The staff of the General Company for Iraqi Exhibitions, along with the supporting bodies in the ministry’s departments and companies, have completed all final preparations for holding the new session of the Baghdad Fair, and we can say that this session will have a good level of organization, as well as aspects Others related to rehabilitating green spaces, planting them, and creating electronic gates for the first time. We were able to take many measures in the exhibition’s pavilions and halls, which continued over the past months, contributing to fundamental changes that showed the exhibition with artistic beauty and good taste.”

Al-Ghurairi noted the participation of more than 21 countries and more than 850 companies in the session’s activities. Some of the new ones are participating for the first time, and there are many requests to participate in the exhibition that were submitted to the General Company for Iraqi Exhibitions, while the Iraqi Federation of Industries participates with a large pavilion that represents Iraqi industries of locally manufactured materials, and some of them are exported to other countries of the world. It is a step that works to find all means of support for them to enable and support them. Export.   link

"RV UPDATE" BY PIMPY, 10 JAN

 Pimpy 

  I've heard so many [gurus] talk about - according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate.  No that's not right...To maintain stability Iraq needs to maintain a narrow spread, that's the gap between the official exchange rate and the black market.   Generally a spread of less than 5% is considered acceptable.   Not 2%, 5%.  A spread more than 10% is considered a significant risk to the economy.  Iraq is going to have to shoot for between 5 and 10%.  They want to be less than 10.  It'd be idealistic if they can get around 5...

 The best suggestion I would make when it comes to this is get a tax expert that can help you with this.  Let them tell you what you can do to help reduce the amount of money you owe based on the amount you get when you swap your currencies.  

When you swap your Iraqi Dinar for US dollar if the exchange rate gets up there to a level you like you're going to have to pay capital gains taxes on it... [Note:  Some gurus feel it will be/could be taxed as ordinary income.  Consult your tax expert to determine what's right for you.]

Iraqi Dinar🔥CBI Said Iraqi Dinar Would Go International Today 2024🔥iraqi...

Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun, 10 JAN

 Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun

Prime Minister Muhammad Shiaa Al-Sudani said on Wednesday that the government he heads is continuing with the wheel of reconstruction and construction in the country despite the many challenges it faces.

This came in a speech during the launch of work on a multi-lane bridge project on the Tigris River in Al-Jadriya in the center of the capital, Baghdad.

Al-Sudani said in a speech followed by “Earth News” that, “The Iraqi government faces many challenges, and there are those who try to occupy us with this or that file, but they face a solid will and determination to continue with this methodology of work regarding the implementation of projects.”

He added, "We pledge to our people that we will not back down from work, and no force will be able to stop the wheel of reconstruction that has begun."  link

"RV UPDATE" BY WALKINGSTICK, 10 JAN

 Walkingstick 

 [Aki - Iraq Bank owner in US update] 

Question:  "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?"  Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow.  Here in the United States the bank that I am in charge of will be all electronic. 

When you ask about the LDs they are only found in Iraq.  We do not possess them.   Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...

The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands. 

Iraqi Dinar🔥Excellent Achievement About RV Of Iraqi Dinar Finally Today ...