THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC.
THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT...25 CENTS OF THE KUWAIT DINAR. CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25.
Prime Minister Muhammad Shiaa Al-Sudani headed to Germany to participate in the Munich Security Conference 2024 after concluding his official visit to the Netherlands.
The Munich Security Conference is an annual meeting of heads of state and government, military commanders, heads of security and intelligence services, and senior diplomats from all over the world, to discuss the most pressing issues related to international security
The 2024 edition begins tomorrow, Friday, and continues until the 18th of the same month, in Munich, the third largest city in Germany.
As conflicts rage on more than one front around the world, a number of issues top the conference’s agenda, most notably the war in the Gaza Strip and Ukraine, cybersecurity, artificial intelligence, climate change, and the impact of political unrest.
UAE's Minister of Tolerance discusses strengthening bonds with Iraq
Shafaq News/ On Friday, Sheikh Nahyan bin Mubarak Al Nahyan, the Emirati Minister of Tolerance and Coexistence, received Ivan Faeq Jabro, Minister of Immigration and Displacement in Iraq.
According to The Sharjah24, Sheikh Nahyan extended a "warm welcome to the Iraqi Minister and discussed regional and international issues of mutual concern with her. Discussions centered on enhancing the robust strategic relations between the United Arab Emirates and the Republic of Iraq, aiming to advance shared interests."
Iraqi dinar is pegged to the US dollar. If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar? ...No, you just don't do it. You have to weigh the pros and the cons of it. Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that...Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value?
There are many countries that have a ton of resources and the governments are rich but the people are poor. I've been a huge supporter of the Iraqi people. I keep praying their government gets their shit together and they're able to prosper from the resources they have.
There's no reason for them not to. Sure I want to make money off the Iraqi dinar but...not at the expense of the Iraqi people...I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power. That means they're able to buy a lot more things with their money...An increase in the exchange rate would benefit them greatly...
Prime Minister: The government has put the fight against corruption at the top of its priorities
Economy News - Baghdad
PrimeMinister Mohamed Shia al-Sudani said that the government has put thefight against corruption at the top of its priorities.
ThePrime Minister's Media Office said in a statement, seen by "EconomyNews", that "Prime Minister Mohamed Shia Al-Sudani received the head ofthe Lebanese National Anti-Corruption Commission, Judge Claude Karam."
Duringthe meeting, Al-Sudani pointed out that "the Iraqi government hasplaced the fight against corruption at the top of its priorities, andhas made the cooperation of brotherly and friendly countries with Iraqin the issue of recovering looted and wanted funds, a criterion for asuccessful diplomatic relationship with those countries."
Thestatement added that "the meeting discussed requests for legalassistance, procedures for receiving those wanted in corruption cases, recovering looted funds, exchanging information on the accused andwanted, and emphasizing the importance of exchanging experiences andtechniques that raise the efficiency of workers in the field ofcombating corruption in the two countries.