UrgentA high-level Turkish government delegation visits Baghdad today for security consultations, 15 MARCH

 UrgentA high-level Turkish government delegation visits Baghdad today for security consultations

The Turkish Foreign Ministry announced the visit of a high-level government delegation to the capital Baghdad on Thursday.

She said in a statement received a copy of it that “Foreign Minister Hakan Fidan will visit the capital Baghdad on Thursday, and be accompanied by the Minister of Defense {Yishar Güler}, the head of the National Intelligence Service {Ibrahim Kalin} and Deputy Minister of Interior {Munir Karaloglu},” she said in a statement.

The Turkish Foreign Ministry indicated that the visit “to attend the meeting of security consultations with Iraq to be hosted by Foreign Minister Fuad Hussein” in Baghdad.

She pointed out that “various topics on our bilateral agenda will be discussed during the meeting, especially cooperation in the fields of combating terrorism, security and military cooperation.”

 https://alforatnews.iq/news/وفد-حكومي-تركي-رفيع-يزور-بغداد-اليوم-لعقد-مشاورات-أمنية

"RV UPDATE" BY MARKZ, 15 MARCH

  MarkZ 

 [via PDK] 

 Question:  Anyone heard anything about Iraq going by itself - not all countries?  

MarkZ:  A person in our community had an interesting conversation. He has a personal relationship with a banker. 

 Quote: "Met for dinner with a banking executive...the banker told me about the basket, or first round is going to be only the Iraqi dinar and the Iranian Rial.He said those countries are gold backed and their internal banking systems are more set up…more so then the others are. The dong should be ready to exchange by late fall...He did not know about the shotgun start and said it will be easier to roll them out piecemeal... "  

 I take it as a very good sign...It is encouraging to hear an active conversation about it and that it’s going soon...I am still hearing that the majority of the currencies will be going all at once. But, it's best to be prepared. 

  Question:  if Iraq and Iran go first and alone, I wonder- will the currency still be allowed to float?  MarkZ:  I would assume “YES” …I believe all currencies will be allowed to float after this. Because of the underlying asset values.

Iraqi dinar✅Really Citi bank🏦 Iraqi Dinar RV Done 14 March 2024 | Zimbab...

Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar, 15 MARCH

 Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar

Shafaq News / The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar.

This came in a meeting held by the committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank, Ali Al-Alaq, according to a statement issued by the parliamentary finance.

At the beginning of the hosting held at the headquarters of the committee, Al-Atwani stressed the importance of following up the economic file and monetary policy, based on the regulatory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The statement added that the committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the law of the Central Bank.

https://www.shafaq.com/ar/اقتصـاد/المالية-تناقش-مع-البنك-المركزي-سبل-زيادة-قيمة-الدينار-العراقي

"RV UPDATE" BY MILITIAMAN, 15 MARCH

Militia Man 

 Article:  "Economics website: A new application enhances investment movement in Iraq"  

Quote:  “...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”

  It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

 Article:  "Economics website: A new application enhances investment movement in Iraq"  

Quote:  “.. .The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.” 

 It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-14-march.html

iraqi dinar|Market Crush Its Big Impact On Iraqi dinar Revaluation | Ira...

Tehran, Baghdad “Keen to Expand Banking Ties”, 15 MARCH

Tehran, Baghdad “Keen to Expand Banking Ties”

14th March 2024 in Iraq Banking & Finance News

From Tasnim, under a Creative Commonslicence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

The chairman of the Iran-Iraq Joint Chamber of Commerce said banking officials from the two countries are keen to expand the monetary and banking relations.

There is not any problem in the field of banking and monetary interactions between Iran and Iraq, Yahya Al-e Es’haq said, adding that the two sides are pursuing the implementation of the agreements previously inked by the two central banks.

Referring to the suspension of the activity of Bank Melli Iran (BMI) in Iraq by the central bank of the Arab country, the official said a number of Iranian banks had been authorized to be active in this Arab country but a recent decision came due to the sanctions imposed by the United States.

Recently, however, the Central Bank of Iraq (CBI) has announced that the activity of Bank Melli Iran will continue in this country, Al-e Es’haq added.

He put the current value of the annual trade exchanges between Iran and Iraq at about $10 billion, adding that the two countries have a high potential to enhance bilateral trade.

Iran and Iraq are interested in boosting mutual banking, monetary and trade ties, so the economic officials of the two countries should roll up their sleeves in order to spur trade and economic activities, he stated.

https://www.iraq-businessnews.com/?p=217153