We have adopted electronic payment and will list its companies in the trading market – Securities Commission, 13. FEB

We have adopted electronic payment and will list its companies in the trading market – Securities Commission

Baghdad – 964

The Securities Commission announced on Monday that the acceptance of cash payments is through electronic payment methods only, while revealing a trend to list electronic payment companies on the stock market.

The head of the authority, Faisal Al-Hims, said in a statement to the official agency, followed by the 964 network, that “the authority represents regulatory bodies on the Iraq Stock Exchange, and since the beginning of the Prime Minister’s directive, by taking steps to automate electronic payment and the ongoing operations in the market in general, the authority has been forming a working team to support this file.”

Al-Hims added, “The Authority has currently stopped accepting cash payments except through electronic payment methods as revenues in the Securities Commission.”

He pointed out that “the market is currently destined to use this mechanism through intermediaries operating in the Iraq Stock Exchange,” noting that “electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, that are present in trading in the Iraq market.”

He stressed that “there is a trend to list electronic payment companies on the Iraq Stock Exchange during the current year.”

https://964media.com/311535/

"RV UPDATE" BY CLARE & YADA, 13 FEB

 Clare  

 Article:  "Saleh: Iraq is experiencing high price stability and the decline of parallel market noise "

YADA

  Question: so im hearing the lower notes still not out yet? how does this timing line up with what we want? does it hapoen before or after or the same time if rates are already up and waiting?  yada:   when the rate is released the lower denoms will have value and released afterwards. Almost simultaneously.

🔥 Iraqi Dinar 🔥 Deletion of the Zeros 🔥 News Guru Intel Update IQD Rate ...

Securities Commission: Accepting Cash Payments Exclusively Through Electronic Payment Methods, 13 FEB

 Securities Commission: Accepting Cash Payments Exclusively Through Electronic Payment Methods

Money  and business  Economy News _ Baghdad  The Iraqi Securities Commission announced today, Monday, that cash payments are accepted through electronic payment methods, while revealing a trend to list electronic payment companies on the stock market.

The head of the authority, Faisal Al-Haims, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the authority represents supervisory bodies for the Iraqi securities market, and since the beginning of the Prime Minister’s directive to take steps to automate electronic payment and ongoing operations in the market in general, the authority has been working on Forming a working group to support this file.”

Al-Haims added, “The Authority has now stopped accepting cash payments except through electronic payment methods as revenues from the Securities Authority.”

He pointed out that "the market is currently heading to use this mechanism through intermediaries working in the Iraq Stock Exchange," noting that "electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, present in trading in the Iraq Stock Exchange." ".

He stressed that "there is a trend to list electronic payment companies on the Iraqi Stock Exchange during the current year."  Views 101 02/12/2024 - https://economy-news.net/content.php?id=40379

"RV UPDATE" BY SANDY INGRAM, 12 FEB

  Sandy Ingram

  "Iraq's central bank revokes Iran's Bank Melli operating license"  This article tells us the US is serious about not allowing Iran to have access to US dollars.  It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

 Vietnam is making major financial news.  Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month.  The inflation rate is at a five month low of 3.7%.  Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...

Iraqi Dinar Wells Fargo Manager Confirm They Deposit IQD Without Receipt...

An Economic Expert Expects The Dollar To Rise Before Ramadan, 12 FEB

 An Economic Expert Expects The Dollar To Rise Before Ramadan

Time: 02/12/2024 16:33:00 Read: 1,118 times   {Economic: Al-Furat News} The economic expert, Ali Karim Idhib, expected today, Monday, that the dollar will rise before the holy month of Ramadan.

Idhib said {to Al-Furat News} that: “Despite the government measures and the Central Bank of Iraq to support the national currency, the reality is still different, as the exchange rates in the parallel market amount to 153 thousand dinars for every 100 dollars, while the official exchange rate is 132 thousand dinars.” ".

He added, "Which means there is a price difference of more than 20 thousand dinars. The reason for this lies in the limited supply of the US dollar and the difficulty of obtaining it by individuals or small merchants. This is what Baghdad seeks in a step to prevent smuggling and money laundering."

Idhib pointed out, "This step, despite its effectiveness, is somewhat harmful and has caused, as I said, a major shortage in the supply of the dollar, and the demand for it is increasing, especially with the demand of citizens during this period that is witnessing the disruption of official working hours and the departure of many Iraqis to travel to regions inside and outside Iraq."

He added, "In addition to the increase in purchasing power for shopping, as we are approaching the month of Ramadan, the market depends by up to 90 percent on imported dollars."

Idhib called for "implementing the policies adopted by the government of Muhammad Shiaa Al-Sudani, while liberalizing the factors for obtaining the dollar smoothly and according to certain ceilings for all citizens."

Selling prices in exchange shops in local markets in Baghdad today, Monday, reached 153,250 dinars, while purchasing prices reached 152,250 dinars.   LINK