DINAR REVALUATION

Sunday, January 14, 2024

Iraqi Dinar✅ Parallel Rate vs. Official Rate: Iraqi Dinar News Today-IQD...

The Ministry Of Finance Discusses The Requirements For Implementing The Unified Treasury System, 14 JAN

The Ministry Of Finance Discusses The Requirements For Implementing The Unified Treasury System

Friday 12, January 2024 21:58 | Economical Number of readings: 720 Baghdad / NINA / Today, Friday, the Minister of Finance, Taif Sami Muhammad, chaired a coordination meeting, at the Ministry’s headquarters, which included the Director General of the Accounting Department, the General Managers of the Rasheed, Al-Rafidain, Industrial, Real Estate, and Agricultural Banks, and the relevant employees therein, to discuss the requirements for implementing the unified treasury system.

The Minister stressed, Bayan Account To the Ministry, it is necessary to prepare a report and have it signed by the Council of Ministers to take the necessary measures to implement the decision and the implicit paragraphs regarding it without waiting for the first paragraph of Recommendations No. 23453, which includes that all banks, represented by the centrally funded spending units, submit the position of zero self-accounts, provided that it is signed by an account committee. The Unified Treasury.

She indicated that the Council of Ministers had been notified of the accounts while adhering to the implementation of the recommendations contained in the Cabinet’s letter without significant obstacles, and the commitment of the relevant accounting and banking department to withdraw the balances after (10) days of each month.

The Minister of Finance added that: “Preparations are being made A timetable for summoning and finding out the departments that are lagging on implementation, the necessity of re-auditing the disbursed amounts again with the statements, and directing the Rafidain and Rasheed Banks to adhere to paragraph one of the recommendations, and prepare an inventory of all accounts that includes the name of the formation and the amounts and deposit them according to the type of account.”

On the other hand, a timetable has been set with the formed subcommittees, mentioning the number of accounts of each bank and mentioning the amounts that are withdrawn from the main account and preparing a table of all self-accounts for more than 5 years in all banks and then submitting it to the Minister to make a recommendation regarding it and deposit it in the main account, and for For less than 3 years, it is necessary to prepare a complete statement of accounts to deposit them in the main account.

The statement explained: “This comes within a series of meetings held to reform the public finance sector through the implementation of the unified treasury account, which represents a qualitative shift in the management of public funds, as the project will allow the possibility of monitoring the movement and safety of funds and implementing the ministerial curriculum prepared by the ministry in order to keep pace with financial and economic progress.” https://ninanews.com/Website/News/Details?key=1100618

"RV UPDATE" BY GOLDILOCKS, 14 JAN

Goldilocks and Seeds of Wisdom

For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system.

Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system.

On January the 16th, 2024 we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it. The New Tier 1 Asset?

PinnacleDigest Link

Gold will set us free.

© Goldilocks

Iraqi Dinar 🔥 $1.28 Exchange Rates Announced By IMF Today 2024🔥 iraqi di...

Within A Week... The Iraqi Central Bank’s Sales Exceed One Billion Dollars, 14 JAN

Within A Week... The Iraqi Central Bank’s Sales Exceed One Billion Dollars

Economy News – Baghdad The Central Bank of Iraq's total sales of hard currency in US dollars during the past week recorded more than one billion dollars.

Last week, for the three days in which the auction was opened, the Central Bank sold 1 billion, 90 million, 529,470 dollars, at a daily rate of 218 million, 105 million, and 894 dollars, higher than what it recorded last week, which amounted to 634 million, 373 thousand. And $298.

The highest dollar sales were on Thursday, when sales amounted to 229 million, 063 thousand and 145 dollars, while the lowest sales were on Sunday, when sales amounted to 210 million, 253 thousand and 270 dollars.

As for foreign remittance sales during the past week, they amounted to 998 million, 93 thousand, and 470 dollars, an increase of 90% compared to cash sales, which amounted to 101 million, 690 thousand dollars.

The sales were in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar.

01/13/2024 - https://economy-news.net/content.php?id=39388

"RV UPDATE" BY FRANK26, 14 JAN

Frank26

Question: "Once the black [market] rate gets close to the official rate of 1320 will the CBI wait for a while to move to 1000 to be sure it's stable or will it quickly make the next move to 1000?"

Our desire is to see another exchange rate movement which would be somewhere between let's say 1,200 or 1,000 to 1. We believe that's what will happen next. But I don't think we'll get to see it because of the speed things are happening right now...

You are involved in this dinar investment. The next step is the most crucial. It's the most dangerous for you...I'm concerned for you...I wish you well. I've already prepared you. I've already told you what to do...

Question: " Is the US government placing a hold on the currency revaluation to keep people from becoming wealthy?"

No, our government has nothing to do with the monetary reform of the Central Bank of Iraq...We did everything possible to make them modern and they are. But can we tell them, Okay go ahead do it now?

No. It is strictly their prerogative.