Iraqi Dinar✅Acession To VTO And Summary Today 2024 / Iraq Currency Updat...

"IMPORTANT IRAQ NEWS: Iraqi Customs launches automation system at Umm Qasr Port - Shafaq News" BY GOLDILOCKS, 3 MARCH

 GOLDILOCKS

Iraqi Customs launches automation system at Umm Qasr Port - Shafaq News

Shafaq News / The Iraqi General Commission for Customs commenced the implementation of the Automated System for Customs Data (ASYCUDA) on Sunday at the main reception area of Umm Qasr Port in the south of the country. 

The Commission stated that the Ministry of Finance signaled the application of the program during a ceremony attended by ASYCUDA-UNCTAD Representative in Iraq Nizar Ammari, along with several officials and department heads. 

According to the statement, the Minister of Finance, Taif Sami, highlighted that the implementation of this system at Umm Qasr Port is “part of the government's strategic plan to adopt modern technologies.” 

She emphasized that “the automation system will achieve financial discipline, error reduction, and enhancing efficiency in utilizing government resources, in addition to providing accurate information.” 

The minister affirmed that “this step is one of many taken by the government to embrace technology and keep pace with global standards.” 

During the ceremony, General Customs Director-General Hassan Al Ukaily stated that “the Commission is committed to its duties, focusing on facilitating legitimate trade, protection, and revenue collection.” 

He emphasized that “the ASYCUDA system will aid in enforcing government decisions related to restrictions and prohibitions, safeguarding consumers and society from illicit materials, as well as enhancing revenue control.” 

The authority noted that it had previously “implemented this program at Baghdad International Airport/Cargo Customs, confirming that steps are underway to apply it in all customs zones and centers.” 

Furthermore, the Iraqi General Commission for Customs explained that “the automation and modernization of customs through the ASYCUDA program, operational in over 100 countries, was initiated following a partnership agreement signed by the Ministry of Finance with the United Nations Conference on Trade and Development (UNCTAD) in 2021.” 

“An international team from UNCTAD collaborated with Iraqi customs officials to implement the program, with staff trained to manage it and gain experience through domestic and international training workshops.”

https://shafaq.com/en/Economy/Iraqi-Customs-launches-automation-system-at-Umm-Qasr-Port

Foreign Minister: Iraq May Adjust Its Financial Budget For This Matter, 3 MARCH

Foreign Minister: Iraq May Adjust Its Financial Budget For This Matter

Economy News – Baghdad  The Iraqi Foreign Minister said that his country may amend its federal budget to pay recovery and transit fees to international oil companies, in an attempt to restart an important oil pipeline a year after it was stopped.

Fouad Hussein told Bloomberg News, “Talks are ongoing between oil companies, the Iraqi government in Baghdad, and the semi-autonomous Kurdistan Regional Government to resume crude oil exports through Turkey. The pipeline closure has blocked about half a million barrels of crude oil from global markets.”

Turkey stopped flows through the pipeline - which transports oil from the Kurdish region in Iraq to the Turkish port of Ceyhan - in March 2023 after an arbitration court ordered it to pay about $1.5 billion in compensation to Iraq for transporting oil without Baghdad’s approval.

Long-standing dispute

The arbitration decision was the culmination of a long-standing dispute between Baghdad and the Iraqi Kurdistan region over the rights to collect revenues from oil sales.

"IT'S TRADING AT $2.70 LIVE, ISN'T THIS SUSPICIOUS?" BY FRAN26, 3 MARCH

  Frank26

  IMO the Forex is live.  It is trading the Iraqi dinar live.  I don't believe I've ever seen it trading live against the dollar.  It's being traded in real time.  That's impressive. 

 It started today or maybe yesterday ...That's why I say something is going on... It's trading at $2.70 live.

 I'm not making this up.  You can go look this up yourself.  Let's see if these numbers stay the same on Sunday...when they start trading live...Isn't this suspicious?  Isn't this a precursor?  Isn't this a sign?  Isn't this a logical step for a currency that is about to go through a movement of some type?

Question 'Will 25000 [dinar note] still be worth the same if it's 1 to 1?'  Yes.  A 25000 Iraqi note at a rate of 1 to 1 is equal to $25,000. 

Iraqi dinar🔥The IMF and the World Bank Give the Green Light to the CBI |...

Parliamentary Bloc: America Prevents Iraq From Joining The Chinese Agreement, 3 MARCH

 Parliamentary Bloc: America Prevents Iraq From Joining The Chinese Agreement

Economy  Information / Baghdad..    The head of the Al-Sadiqoun parliamentary bloc, Habib Al-Halawi, confirmed today, Sunday, that America is pushing to prevent Iraq from joining the Belt and Road Initiative.

Al-Halawi said in an interview with the Maalouma Agency, “The United States of America is pushing to prevent and obstruct Iraq’s association with the Silk Road Economic Project, adding that Iraq’s association with the Chinese initiative represents a strategic opportunity to activate Iraq’s role within the Belt and Road Initiative.”

He pointed out that "America stands as an obstacle to the growth of the Iraqi economy and does not allow Chinese companies to invest in Iraq, stressing that there is a desire among the Iraqis to consolidate bilateral relations with China." LINK

"RV UPDATE" BY RAYREN98, 3 MARCH

 RayRen98 

 EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY.

 [via Vinterv]  3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...

♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ Sooner THAN later ♫♪♫♪♫  I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...    

GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...