Including Facilitating Legitimate Trade.. Customs Explains The Advantages Of Implementing The Electronic System, 5 MARCH

 Including Facilitating Legitimate Trade.. Customs Explains The Advantages Of Implementing The Electronic System

 local   Basra - IA - Saad Al-Sammak   Today, Sunday, Director General of the General Authority of Customs, Hassan Al-Ugaili, explained the advantages of implementing the electronic system in the country, while defining the duties of the Authority in three main axes.

 Al-Ugaili said in his speech during the inauguration of customs automation at the Umm Qasr port, followed by the Iraqi News Agency (INA):

 “The efforts of the General Authority of Customs, which were made over several years and with direct support by the Minister of Finance and direct follow-up from the Prime Minister, culminated this day in the electronic system that  We hope that it will cover all the activities of the General Authority of Customs and customs activity.” Al-Ugaili added,

  “The General Authority of Customs is committed to carrying out its duties, which focus on three main axes, the   first of which is facilitating legitimate trade, as the current government has issued a set of decisions that help facilitate legitimate trade, and the  General Authority of Customs is responsible for implementing those decisions, including:

      canceling tax deposits that were collected.” At border crossings, which were obstructing or delaying the completion of customs transactions, as well as

     canceling the import license for most imported materials, and

     reducing duties on some imported materials.” He continued,

"The General Authority of Customs has begun reviewing many procedures and moving towards simplifying procedures.

Today, the electronic system is one of the tools of the General Authority of Customs to facilitate legitimate trade.

 According to the system, transactions are supposed to be completed in a faster manner and with unified customs procedures, meaning that there will be no discrepancy in procedures between one center and another."

Pointing out that, “Under the system, the discretionary power of the employee will be greatly limited and thus the system will be dealt with, as there will be no role for people’s moods in completing these transactions.”

 He explained that   “the other axis that the General Authority of Customs is working on is protecting or implementing the state’s decisions in the field of restriction and prevention, and  this protects the consumer and society from the entry of prohibited materials,” noting that  “the third axis of the Authority is revenues or collection, as  the system will collect according to Electronic mechanisms that are clear, transparent and announced at the same time, meaning that  they provide real-time data to the decision maker at the level of the Ministry of Finance or at the government level that the revenues received by this body are in the amount and at the moment when the information is requested.” He pointed out that

"the system offers great advantages that we will feel by implementing it, as well as the dealing agents of customs clearance companies and the extent of the benefit achieved from this system in their work, as they can complete customs clearance procedures online."   https://www/ina.iq/204286--.html

"RV UPDATE" BY PIMPY, 5 MARCH

 Pimpy

  Article: "Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars" 

 That's perfect because...the more reserves you have the easier it is to protect your exchange rate.

 On the Central Bank of Iraq website it tells you how many dinar they put into circulation.   But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows.  That's not reflected in there.  It's not really 101 trillion Iraqi dinars in circulation.  That's what they put out in circulation but not what's actually in circulation.

Iraqi Dinar IMF Major Announcement On IQD RV Allow To Fix Exchange Rate ...

"ANALYSIS OF IRAQ NEWS: "THE MONETARY REFORM IS WELL SECURED" BY FRANK26, 4 MARCH

 KTFA

FRANK26: "THE MONETARY REFORM IS WELL SECURED"

The US National Security Advisor stresses the importance of securing the Kurdistan region's financial entitlements and its share of the budget

 

3/1/2024

Today, Friday, US National Security Advisor Jake Sullivan stressed the importance of securing the financial entitlements of the Iraqi Kurdistan region and its share of the federal budget.

A statement from the regional government received by Al-Rabaa stated, “The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met at the White House with US National Security Advisor Jake Sullivan, and the latter conveyed the greetings of President Joe Biden to Masoud Barzani and the Prime Minister. He also renewed the White House’s support for a strong Kurdistan.” And for the constitutional rights of its people.”

The US National Security Advisor praised "the heroism, struggle, and sacrifices of the Peshmerga, especially in confronting ISIS terrorists," stressing "the importance of protecting the security of the Iraqi Kurdistan region, and securing its financial entitlements and its share of the budget."

For his part, Barzani expressed his “thanks to the United States for its continued support for the region,” reiterating “the necessity of respecting the constitutional entity of the region, in a way that preserves the rights of its components and does not violate them in any way.”

He pointed to "the importance of implementing the constitution, including the formation of the Federation Council in Iraq."

LINK

"RV UPDATE" BY MNT GOAT, 4 MARCH

 Mnt Goat 

 Article quote:  "Does deleting the currency’s zeros affect its value?...” 

  I called my CBI contact...and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW!  Then...out pops this article, then another and...yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so...

It is now on the radar scope for the CBI for the very near future? 

  remember...the difference between RATE and VALUE...the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate...Economic expert, Durgham Muhammad, said to the citizens and I quote – 

“that deleting the currency’s zeros does not conflict with its value”...Okay, so...we all know the rate is being artificially suppressed ...Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. 

🔥 Iraqi Dinar 🔥 $1 Forex Rate Confirmed for Iraq? The Truth Behind the S...

US imposes sanctions on Zimbabwe president over ‘abuses’: White House, 4 MARCH

US imposes sanctions on Zimbabwe president over ‘abuses’: White House

The United States on Monday imposed sanctions on Zimbabwean President Emmerson Mnangagwa and other senior leaders, replacing a broad two-decade-old pressure campaign with targeted action.

Citing a campaign of rights abuses and corruption, the United States will block any US-based property and prohibit any unofficial travel to the country by the sanctioned Zimbabweans.

“The changes we are making today are intended to make clear what has always been true: our sanctions are not intended to target the people of Zimbabwe,” Deputy Treasury Secretary Wally Adeyemo said.

“We are refocusing our sanctions on clear and specific targets: President Mnangagwa’s criminal network of government officials and businesspeople who are most responsible for corruption or human rights abuse against the people of Zimbabwe,” he said.

Secretary of State Antony Blinken called the new measures were part of a “stronger, more targeted sanctions policy” on Zimbabwe as he voiced concern over “serious cases of corruption and human rights abuse.”

“Key individuals, including members of the government of Zimbabwe, bear responsibility for these actions, including the looting of government coffers that robs Zimbabweans of public resources,” Blinken said in a statement.

“Multiple cases of abductions, physical abuse, and unlawful killing have left citizens living in fear.”

In imposing the sanctions, President Joe Biden issued a declaration abolishing an earlier sanctions program on Zimbabwe launched in 2003.

Zimbabweans sanctioned since then will now see their property unblocked unless named again on Monday, and the country will be removed from a Treasury Department list that regulates sanctions, officials said.

The earlier sanctions — while also primarily targeting the Zimbabwean leadership under veteran president Robert Mugabe — were part of a larger pressure campaign led by then president George W. Bush in coordination with Britain following a campaign of forced takeover of land from white farmers.

– Zimbabwe claims win –

The Zimbabwean government praised the lifting of the old set of sanctions, which it has long blamed for the country’s dire economic situation.

“Well, this is massive,” government spokesman Nick Mangwana, wrote on X, formerly known as Twitter, in what he called “a great vindication” of Mnangagwa’s foreign policy.

“That said, as long our president is under sanctions Zimbabwe remains under illegal sanctions, as long as members of the First Family are under sanctions, Zimbabwe remains under illegal sanctions, and as long as senior leadership is under sanctions, we are all under sanctions,” he wrote.

Mnangagwa, whose party has been in power for more than four decades, was declared the winner of a new term in an election in August that international observers said fell short of democratic standards.

Hopes of a thaw with Zimbabwe briefly surfaced after Mnangagwa pushed Mugabe out of power in 2017, but Western powers and rights groups say that the new leadership has also clamped down on the opposition and protests.

Others targeted by the latest sanctions include First Lady Auxillia Mnangagwa as well as Zimbabwe’s first vice president, defense minister and military chief.

Blinken earlier said that the United States would deny entry into the United States of anyone seen as impeding the fairness of the last election.

https://insiderpaper.com/us-imposes-sanctions-on-zimbabwe-president-over-abuses-white-house/