"IMPORTANT IRAQ NEWS: "Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins" BY CLARE, 9 MARCH

CLARE 

Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins

3/9/2024

Today, Saturday, the head of the Federal Integrity Commission, Haider Hanoun, announced the recovery of more than 1.5 million dollars and about one billion Iraqi dinars and gold coins, while revealing a draft agreement to coordinate work with the Integrity Commission in the Kurdistan region.

 

Hanoun said, in a statement followed by Al-Iqtisad News, that “the authority recovered some amounts in cash, some of them were prevented from being wasted, and others are in the process of being recovered,” pointing out that “some amounts are in Iraqi currency, and others are in dollars.”

 

He added, "During our annual conference tomorrow, Sunday, we will display a recovered amount of more than one and a half million US dollars, as well as amounts in Iraqi currency of up to one billion dinars, and other amounts, in addition to gold coins."

 

He pointed out that "the Integrity Commission coordinates work with the Kurdistan Region Integrity Commission, and there is a draft agreement to coordinate joint work, and Integrity as a federal body supervises all governorates," stressing that "the financial disclosure of officials includes all Iraqi officials and employees."

 

Hanoun called on the Integrity Commission in the Kurdistan Region to “assist with arrest warrants and financial disclosures for officials, so that the Federal Authority can audit them like all officials,” stressing that “everyone is subject to the law.”

LINK

US Bank's Green Light IQD Reinstated | $3.09 Dinars Per One US Dollar |I...

"RV UPDATE" BY PIMPY, 9 MARCH

 Pimpy   

 People are pissed at me because I'm telling them of the possibility they should at least be aware of...What I'm talking to people about are the possibilities in the directions the IQD can go.  I'm not saying it's one way or the other.  I'm just saying these are the possibilities...

These are just possibilities, we don't know.  We can wake up tomorrow and the exchange rate is now $3.22...they have not...redenominated [A.K.A. LOPPED IT].  Then everybody is happy...

 If you want to see an increase in the value of the Iraq dinar then there are things that need to happen in Iraq in order for the dinar to increase in value.  One of them is they have to have a stable and robust economy.  Then there are things Iraq need to do that continues to support, stabilize and strengthen the Iraqi dinar.  One of those big steps is joining the World Trade Organization...

"IMPORTANT IRAQ NEWS:" Sudanese opens an iron factory in Basra" BY CLARE, 9 MARCH

 CLARE

Sudanese opens an iron factory in Basra

3/9/2024

Baghdad

Today, Saturday, Prime Minister Muhammad Shiaa Al-Sudani opened an iron and steel factory in Basra Governorate.
Al-Sudani’s office said in a statement received by Mawazine News, “Prime Minister Muhammad Shia’ al-Sudani opened in Basra the rolling mill, one of the factories of the General Iron and Steel Company, with a production capacity of (500) thousand tons annually of different types of iron.”

He pointed out that "the factory has been closed since 2003."

Prime Minister Muhammad Shiaa Al-Sudani arrived this Saturday morning in Basra Governorate to inaugurate and follow up on a number of projects in the governorate.

LINK

"RV UPDATE" BY MNT GOAT, 9 MARCH

 Mnt Goat  

 Article:  "INCLUDING IRAQ… 5 ARAB COUNTRIES POSSESS MORE THAN A THOUSAND TONS OF GOLD

RESERVES"  Quote:  "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves..."  Yet the IQD is still 1/6 of a penny?

 ...I have to come on an clarify the false rumors...about the IQD backside trading that is taking place. Read my lips- THERE IS NO BACKSIDE, BACKDOOR OR ??? trading being conducted on the IQD.  

 If you want to buy it you can go to the Iraqi Stock Exchange (ISX) and the rate is the official rate minus the trading of demand curve for the day...  So ...Thursday the ISX dinar sales closed at 1309 (not $3.09) dinars per one US dollar compared to the CBI official rate of 1320.  END of all the rumors...Done! ...There is no back office, government or other side trading before it goes LIVE to the public.

Iraqi Dinar News E -Payments, Banking Operations, CROSS BORDER, Private ...WITH CHELLA

What Is The Importance Of Financial Automation For Iraqi Customs? An Expert Explains In Detail, 9 MARCH

 What Is The Importance Of Financial Automation For Iraqi Customs? An Expert Explains In Detail

Time: 03/08/2024 14:06:18 Read: 1,586 times  {Economic: Al-Furat News} The Iraqi economic affairs researcher, Ali Karim Dhahib, explained the importance of the Ministry of Finance adopting the automation system in customs.

Dhaheeb told {Al-Furat News} agency, “Information technology contributes effectively to simplifying and facilitating customs procedures, in addition to its major role in the accuracy of work, reducing costs and time spent on completing tasks, high transparency in customs work, and the quality of reports prepared for senior departments that help them in taking decisions.” Appropriate decisions and building an important database.”

He stated that "the increase in the volume of trade in Iraq was greatly and clearly reflected in the futility of paperwork for customs procedures, as it creates a state of bureaucracy and personal diligence, and the spread of financial corruption."

Karim explained, "The decision of the Iraqi Ministry of Finance to work with the ASYCUDA system will provide the General Authority of Customs with adopting the latest technologies and electronic applications applied in many countries of the world, and also implements the recommendations of international organizations concerned with foreign trade and professional organizations specialized in customs work."

He pointed out that "Jordanian Customs, in cooperation with WebFuntain Company, launched its new website linked to the ASYCUDA system services on the Internet, with the aim of providing customs facilities and procedures and simplifying them for the recipients of the service, including citizens, merchants, manufacturers, and clearance companies."

He explained that "the application of everything new and advanced through the use of modern technology in work meets all the needs of partners from the private and public sectors to access distinguished electronic customs services for all those dealing with them and provide all information and computerized automated systems.

The ASYCUDA system also contributes to development projects with the aim of facilitating and simplifying procedures." “In order to reduce the effort and burden on the service recipients and reduce the time required to complete customs transactions.”

He stressed that "activating the ASYCUDA system allows all those dealing with the department, including citizens, industrialists, merchants, and brokers, to benefit and search through the ASYCUDA system service for all information related to customs work, including customs tariff items, value, and currency calculations.

In addition, the new system is characterized by the introduction of search technology using artificial intelligence to search."  About tariff items and trade descriptions according to the latest contemporary technology on the website.  LINK