DINAR REVALUATION

Sunday, February 25, 2024

Iraqi Dinar🔥 Future Exchange Rates Of Iraqi Dinar Gain Today 2024🔥iraqi ...

Mazhar Saleh: Iraq Is Searching For A Globally Advanced Position In Gas Production , 25 FEB

Mazhar Saleh: Iraq Is Searching For A Globally Advanced Position In Gas Production

The first

02/25/2024 Baghdad: Hoda Al-Azzawi Iraq is focusing on seizing an advanced position in the list of the ten largest gas producing and exporting countries in the world, while possessing huge reserves that place it in 12th place in the world, but it produces less than 9 billion during an entire year, in addition to the urgent need to enter the gas sector.

Sustainable energy.

Adviser to the Prime Minister for Economic and Financial Affairs, Mazhar Muhammad Salih, said in an interview with “Al-Sabah”:

“Iraq is one of the countries most likely to engage in the use of renewable energies, especially solar energy, as it is one of the rare countries with increased sunrise hours.” Saleh added,

"Iraq needs to enter the era of renewable energy, in addition to respecting carbon zero agreements for the optimal use of natural gas," noting that"it is necessary to diversify the sources of energy production and use and enter into the clean energy sector and economic development.

Today, we need to produce twice the current energy."". In the face of the increasing need for energy, Saleh pointed out that “the economic reform plan is moving towards diversifying the Iraqi economy.

Economic diversification begins with the oil sector by shifting from absolute rentierism to relative rentierism.

Instead of importing oil derivatives worth more than $5 billion, it can be compensated by switching from importing “To a source of petroleum products, which allows Iraq to maximize the value of national income and create diversity important for sustainable development.” https://alsabaah.iq/92366-.html

"ANALYSIS OF IRAQ NEWS: ""LIKE A GEIGER COUNTER THE CBI ROAMS" BY FRANK26, 25 FEB

KTFA:

Frank26: "LIKE A GEIGER COUNTER THE CBI ROAMS".............F26

The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country

- Baghdad

On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.

A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”

The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner."

He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them." LINK

WOOW💥Vietnam Dong VND New Rate Comes Out Fully RV, RI, RD|Iraqi dinar IQ...

Treasury Penalties And The Bitterness Of The Lesson , 25 FEB

Treasury Penalties And The Bitterness Of The Lesson

Economical 02/25/2024 Yasser Al-Metwally, I completely disagree with those who portray the Treasury’s action against banks as a measure to prevent dealing in the dollar.

Rather, it is an actual punishment.

So why improve the image?

Let us examine the negative effects of the treasury’s decisions on the banking sector. The first effect is harming the banks’ reputation, and everyone knows the effects of reputational risks in disrupting banking work and the reluctance of customers to deposit or withdraw their money simply because of specific fears resulting from the chaos caused by sanctions, rumors, and some lurking speculators.

At a time when strenuous efforts were made by the banks, their associations, and even the Central Bank during the past short period to restore confidence, and banking activity began to recover and provide some banking services to the fullest extent, until the US Treasury’s decisions came against more than a third of private banks, without a doubt, causing reputational risks from new.

But it seems that confidence still remains among some of the customers in the strength, sobriety, steadfastness, and conviction in the face of these decisions that appear to be violations and are hidden for political purposes, and even

the violations highlighted were for previous periods before the instructions issued by the Treasury.

Here, the banks that were subjected to these sanctions must work steadfastly and not let these decisions weaken their role in providing banking services that contribute to enhancing confidence and deepening their bridges with customers in order to continue banking activity.

Perhaps what some banks offer is a source of admiration and unparalleled steadfastness.

I mention, for example, Al-Tafif Islamic Bank, the International Islamic Bank, and other banking activities and products that do not care about sanctions, which is the ideal response to these absurd sanctions in some of them.

The issue of canceling the currency window was decided a while ago, and we have warned in several articles not to rely on the window’s activity as it is temporary and under specific circumstances.

The process of mitigating the impact of Treasury sanctions requires the relevant authorities (the Central Bank, the Ministry of Finance) to find means of support to protect banks and support them in practicing their credit and other banking activities.

Perhaps the Deposit Insurance Company and its activation are one of the most important of these means, despite my observations on the weakness of its media and marketing role, as it

It needs to clearly show its activities. In parallel, the Central Bank and the Association of Banks must work in all available ways to find means to cancel most of these unfair decisions against some banks due to their commitment to the required international standards.

Banks should benefit from the decision to allow dealing in currencies alternative to the dollar in foreign transfer activities, especially since BRICS is a strong competitor that is inevitably coming, and it is an opportunity that will provide Iraq and help it be accepted into the group in the future.

There is no way to get rid of the burden of the dollar except with the next alternative, and the Treasury, with its measures, is pushing to search for an alternative. https://alsabaah.iq/92336-.html

"IT ALWAYS HAS BEEN, IS, AND WILL BE A PROCESS" BY GOLDILOCKS, 25 FEB

GOLDILOCKS

I may leave that article above out to stand alone today for some time. For those of you who still have doubts that this is going to happen, look closely at that article until you finally get it. It's already happening, but it wasn't a push of the button was it?

It always has been, is, and will be a process.

One day, we will wake up to new price changes, and it will take us all by surprise.

Your best intel going forward may very well be traders who work these markets.

You know me by now, I do not want you to get too dependent on any intel provider. Watch for yourself rate changes on the cbi.iq