Erdogan plans to visit Iraq at the end of next April, 13 MARCH

Erdogan plans to visit Iraq at the end of next April

Mawazine News – Baghdad
Turkish Deputy Foreign Minister Ahmet Yildiz said Tuesday that President Recep Tayyip Erdogan will visit Iraq before the end of April.
Yildiz, who visited the Turkish embassy in Baghdad and the Yunis Amra Cultural Center, said he would “start his meetings with Iraqi officials tomorrow, Wednesday.”
He explained that “he will hold talks at the Iraqi Ministry of Foreign Affairs during which bilateral relations will be reviewed, and preparation for a meeting to be held at the level of ministers in the coming period and the visit of President Erdogan.”
The deputy minister pointed to “the importance of the development road project that extends from Iraq to Turkey,” stressing that “the project will meet a great need, especially since Turkey is a large economy and a neighbor for Europe.”
He added that Iraq also “had a big economy,” expressing hope that it would return as it was.
“Both countries are enthusiastic about the project,” he stressed, adding, “we believe that if it is implemented it will bring (significant) benefits that are incomparable to its cost.”
On President Erdogan’s planned visit to Iraq, Yildiz said that “depending on planning and preparations, the visit will take place before the end of April.”

https://www.mawazin.net/Details.aspx?jimare=243764

Basel III will it change the IQD exchange rate 03/12/24 BY PIMPY

"RV UPDATE" BY PIMPY. 13 MARCH

 Pimpy

  Does Iraq have the ability to be similar to what Kuwait has?  

Of course it does, but they got a long way to go...When I first started talking about the Iraqi dinar, I thought Iraq is going to be just like Kuwait.  Until you actually start really digging into it and researching you find out they're nothing alike...

You can still see Iraq is taking the steps necessary to deal with corruption, update all their systems so they can keep better track of things and continue down the path to joining the international community...Iraq has taken all the steps necessary...It's looking very good for Iraq as long as they stay on this path...

Parliamentary Finance “Knows Nothing” About The 2024 Budget Schedules - Urgent, 13 MARCH

 Parliamentary Finance “Knows Nothing” About The 2024 Budget Schedules - Urgent

Politics |Yesterday, 20:05 |Baghdad today – Baghdad  Today, Monday (March 11, 2024), the Finance Committee in the Iraqi Parliament confirmed that it does not know the contents of the 2024 budget schedules, in addition to not knowing the date of sending them to Parliament.

Committee member Mustafa Al-Karaawi told “Baghdad Today” that “the Iraqi government is very late in the issue of sending the schedules of the 2024 budget law,” noting that “the law emphasizes the necessity of sending those schedules before the end of the fiscal year, that is, before the end of the last year.”

Al-Karaawi stated, “Our last meeting with the Minister of Finance, Taif Sami, in which I confirmed that the tables are still with the Council of Ministers and they are supposed to be sent soon to us in the House of Representatives so that they can be reviewed and voted on quickly so that the budget with all its paragraphs and projects is passed,” pointing out that “to Now we do not know anything about the schedules and we do not know exactly when they will be sent.”

More than two months have passed since the new year without the budget for 2024 being completed, amid the need to make some amendments, especially the costs of oil production in Kurdistan, as well as the costs of the salaries of its employees.   LINK

"RV UPDATE" BY FRANK26, 13 MARCH

 Frank26  

JP Morgan I think is going to be extremely important to us...Don't just think that you're going to be limited to Chase and JP Morgan.  I used [them as example] only so that it could be of help to you. 

 To guide you.  At least you know where you can start.  If you don't like them go somewhere else.

  The conditions of the monetary reform are perfect.  All the waiting that we've been having forever and ever is also very perfect because what we're waiting for is just one thing and one thing only, the new exchange rate.  That's it.  The evidence is, banks know now. 

Iraqi Dinar | Us Treasury Big step To Remove All sanctions From Iraq On ...

A Quarter Of A Million Employees In Kurdistan Opened Bank Accounts.. “My Account” Project Attracted 5 Banks, 13 MARCH

A Quarter Of A Million Employees In Kurdistan Opened Bank Accounts.. “My Account” Project Attracted 5 Banks, 13 MARCH

Posted On 03-12-2024 By Sotaliraq  The Kurdistan Regional Government announced that the Islamic Bank of Iraq has joined the “My Account” project, bringing the number of participating banks to 5, confirming the establishment of more than 240,000 bank accounts for the region’s employees.

Statement by the Government of Kurdistan: The Kurdistan Regional Government is pleased to announce that the Islamic Bank of Iraq (IIB) will be one of the participating banks in the (My Account) project, along with other participating banks such as BBAC, Cihan, NBI, RT. The KRG expects other major banks to join by the end of this month.

To date, more than 240,000 bank accounts have been created for KRG employees and more than 120,000 bank cards have been distributed. The KRG’s partnership with banks has led to a significant increase in ATMs, and the employee registration process continues throughout the Kurdistan Region. The project continues its plan to register more than one million government employees by the end of this year.

This step comes as part of efforts to provide more banking services to citizens and paid employees.

]It is also a step towards providing healthy competition in the banking and financial services sector, and banks will be encouraged to increase their branches throughout the Kurdistan region.

The KRG expects to expand its partnerships with participating banks, especially with the introduction of digital payments starting next year.   LINK