DINAR REVALUATION

Monday, April 1, 2024

Chambers of Commerce: Implementing the SWIFT system will attract international commercial activities to Iraq , 1 APRIL

Chambers of Commerce: Implementing the SWIFT system will attract international commercial activities to Iraq

3/31/2024 Baghdad - IA - Fatima Rahma

Today, Sunday, the Federation of Iraqi Chambers of Commerce explained the importance of the SWIFT system on the Iraqi economic movement, stressing that the implementation of this system will attract international commercial activities to Iraq.

The president of the federation, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “SWIFT is a global system, and when it was implemented in Iraq, funds became managed in a white-collar manner before the world.”

He added, "Implementing the SWIFT system will give us a great opportunity to attract all sectors and international commercial activities that come to Iraq, because the transfer has become through this platform, and the importer and exporter have become known, and all papers are clear and natural."

Al-Zuhri stated: “There was a great delay in starting to implement the SWIFT system for two or three months, on the part of most commercial companies, Iraqi banks, and the Central Bank, because the system is new and there is no information about this issue, but now things are going well.”

He pointed out, “The more traders and business owners enter the platform, the more stability there will be in the exchange rate,” expressing his hope that “there will be real participation between the public and private sectors.” LINK

Sunday, March 31, 2024

"NOTICE THE GOI HAS NOTHING TO DO WITH PARLIAMENT!!!" BY FRANK26, 1 APRIL

KTFA:

Frank26: "NOTICE THE GOI HAS NOTHING TO DO WITH PARLIAMENT!!!"...........F26

The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”

3/27/2024

The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”

He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."

He pointed out that "the members of the Finance Committee had an opinion regarding the hosting that the budget should be realistic and not just planning."

Al-Kadhimi pointed out that “raising the total amount in the budget law caused an increase in the deficit rate,” noting that “the budget is currently still in the corridors of the Council of Ministers and is expected to be sent to the House of Representatives next month.” LINK

Iraqi Dinar🔥Congratulations To Iraqi Dinar Investors Big Profit Today 20...

The Dollar Continues To Decline In Parallel Markets, 1 APRIL

The Dollar Continues To Decline In Parallel Markets

Economy | 03/30/2024 Mawazine News – Baghdad The prices of the US dollar fell against the dinar in Baghdad, on Saturday, and in Erbil with the stock market closed.

A source told Mawazine News that dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 147,150 Iraqi dinars against 100 dollars, while this morning it recorded 147,350 Iraqi dinars against 100 dollars.

He pointed out that selling prices in exchange shops in local markets in Baghdad decreased, as the selling price reached 148,250 dinars for 100 dollars, while the purchase price reached 146,250 dinars for 100 dollars.

In Erbil, the dollar also recorded a decline, as the selling price reached 146,800 dinars for every 100 dollars, and the purchasing price was 146,600 dinars for every 100 dollars .

https://www.mawazin.net/Details.aspx?jimare=244885

Launching the platform for electronic reservation and payment for the international scope of Iraq, 1 APRIL

Launching the platform for electronic reservation and payment for the international scope of Iraq

3/31/2024

Today, Sunday, the Communications and Media Commission announced the launch of the platform for electronic reservation and payment for the international Iraqi domain com.iq and .net.iq by companies in a step to enhance the use and spread of this name.

The authority said in a statement: “The new platform, which will begin operating tomorrow, Monday, the first of April, will facilitate an integrated automation process for reserving and managing the Iraqi domain under the extensions com.iq and net.iq, which will be designated for Iraqi companies seeking to enhance their electronic presence without the need to visit the headquarters.” Authority or its offices.

She continued, "The platform, which uses the latest technologies in management and financial payment processes, will enable companies to carry out the process of selecting the name they wish to reserve, in addition to paying the financial costs assigned to it, in addition to controlling the DNS of the hosting to which the reserved domain will be linked."

She pointed out that "the new platform can be accessed through the website https://iq.cmc.iq and follow the instructions explained for the registration process, emphasizing the importance of preparing all documents and information necessary to complete the process successfully, and entering the company’s registration information in English." LINK

"RV UPDATE" BY FRANK26, 1 APRIL

Frank26

The next thing I want to see [After the restrictions are lifted on the one main Iraqi bank] is the budget being amended and released because then after that it's a domino effect. Everything else will follow it...

The CBI announcement - We believe it's about the currency. We believe it's about the auctions. We believe it's about a change in the auctions, a metamorphosis of the auctions which is exactly what the US Treasury wanted in order to have security and stability in the bank, which was exactly what was needed in order to bring forth a new exchange rate for their currency.