"We are thrilled to share the news that Dusk has entered into an official agreement with NPEX, marking the launch of Europe’s first blockchain-powered security exchange to issue, trade, and tokenize regulated financial instruments. Such a unique commercial partnership between a regulated financial entity and distributed ledger technology (DLT) is a significant achievement for both Dusk and the broader cryptocurrency sector. It establishes a foundational step towards achieving our goal of making real-world assets accessible on-chain for everyone."
Here comes real world assets onto a blockchain utilizing Decentralized Ledger Technology regulated and secured through a partnership between Dusk and NPEX. It is a movement beyond Bitcoin ETF to Traditional ETFs. < /span>
It is an exchange where stockbrokers and traders can buy and sell securities, such as stocks, bonds and other financial instruments.
This new blockchain is regulated and designed to move tokenized assets across all sectors of the market inside the new digital asset-based trading system.
The closer it gets to the reinstatement the more they will tell the citizens concerning the monetary steps...There's nothing like facts being told to the citizens with confidence.
Sudani is starting the monetary reform education by using the official rate, which is 1320. He's using 1320 in explaining the possible rate...1.32 to 1 American dollar. IMO the reinstatement could take that International rate further
WTO means currency restriction free, therefore all members can use multiple foreign currencies to buy, sell and trade but Iraq has decided...all...contracts that have been recently signed with Sudani must be converted into Iraqi dinars.
A Specialist Points Out The Reasons For The Noticeable Decline Of The Dollar In Iraq: It Will Reach The Official Price
Economy |Today, Baghdad today - Baghdad Today, Wednesday (March 20, 2024), the expert in financial and economic affairs, Ahmed Al-Tamimi, explained the reasons for the decline in the dollar exchange rate in the parallel market.
The past few days have witnessed a noticeable decline in the exchange rate of the dollar against the Iraqi dinar in the parallel market, reaching at times 149 thousand dinars for every 100 dollars.
Al-Tamimi told “Baghdad Today” that “the continuous decline in the dollar exchange rate in the parallel market confirms the government’s success in the dollar issue, controlling the crisis and preventing its aggravation,” expecting “this decline to continue gradually over the coming days, until it reaches the official price.”
He explains that “the measures and decisions by the government and the Central Bank have contributed greatly to limiting the rise of the dollar and controlling the market, especially with regard to cleaning up foreign remittances, as well as finding ways to finance foreign imports in currencies other than the US dollar, and other measures that the government has proven successful in this file.” .
On (March 14, 2024), the Governor of the Central Bank, Ali Al-Alaq, announced an understanding with the US Treasury to reconsider the sanctions imposed on Iraqi banks .
Al-Alaq said in a press statement, after being hosted by the Parliamentary Finance Committee, and followed by “Baghdad Today”, that “the process of printing the local currency takes place according to the required financial cover . ”
He pointed out that "the instability of the exchange rate is due to the presence of illegal trade carried out by small traders and some speculators . "
During the past months, the United States has prevented dozens of Iraqi banks from conducting transactions in dollars as part of a comprehensive campaign against transferring the American currency to Iran and other countries subject to sanctions in the Middle East .
The US Treasury - in cooperation with the Central Bank of Iraq - imposed stricter controls on financial transfers in the country in general .
As a result, the value of the Iraqi dinar declined against the dollar and the prices of imported goods rose. However, the Iraqi government took a number of measures to limit this rise and control the parallel market by striking currency smugglers at times, prosecuting speculators, and searching for an alternative to the dollar in commercial transactions at other times, which contributed significantly to the recovery. The Iraqi dinar again against the US dollar. LINK
There is absolutely no law against carrying large sums of cash...You can travel with as much money as you want.
However, there is a catch.
If you are entering or leaving the Untied States with more than ten thousand dollars in cash or equivalent, you are required to report it to customs and border protection.
This rule applies whether the cash is in U.S. dollars or in a foreign currency...You need to complete a "FinCen 105 form"... What happens if you don't report more than 10 thousand dollars in cash?Failure to report can lead to seizure of the money...You may also face criminal charges...Remember these rules...it's always better to be safe than sorry.
Parliament Finance: The Central Bank will move to support banks through this mechanism
3/20/2024 Baghdad
Today, Wednesday, the Parliamentary Finance Committee revealed the Central Bank’s intention to support banks through loans, while indicating that the Ministry of Labor has opened the platform for applying for small project loans.
The representative of the committee, Mustafa Al-Karawi, said in an interview followed by Al-Iqtisad News: “The committee, during its hosting of the governor of the Central Bank, called for support for banks, especially in the issue of loans,” noting that “the governor of the central bank promised the committee to launch loans, especially the Real Estate Bank, to support the construction movement.”
He added, "Loans for small projects will be through the Ministry of Labor, which in turn has opened a platform to provide unregistered people who have not benefited from previous loans in order to support projects, with the value of the loan reaching 50 million dinars." LINK