"ALL IRAQI BANKS ARE READY FOR THE NEW EXCHANGE RATE!!!" BY FRANK26, 1 APRIL

 Frank26:  "ALL IRAQI BANKS ARE READY FOR THE NEW EXCHANGE RATE!!!".........F26

Submitting recommendations to the Economic Ministerial Council regarding sanctioned banks

3/29/2024   Baghdad - INA - Wissam Al-Mulla, V

Chairman of the Securities Commission and Chairman of the Committee in charge of the Sanctioned Banks, Faisal Al-Haimas, confirmed today, Friday, the submission of recommendations to the Economic Ministerial Council regarding those banks.

 Al-Haimas said in a statement to the Iraqi News Agency (INA): “Prime Minister Muhammad Shiaa Al-Sudani assigned him to head a committee to look into the sanctioned banks,” noting that “the recommendations were submitted to the Ministerial Economic Council more than three weeks ago.”

He added, "The committee is awaiting the approval of the recommendations by the Ministerial Economic Council," noting that "the committee stressed the necessity of launching development initiatives through government and private private banks to strengthen the Iraqi economy."

He pointed out that "the reasons for the delay in announcing the recommendations by the Council of Ministers are the existence of procedures and discussions between the Ministerial Economic Council and the Central Bank and other procedures."  LINK

Iraqi Dinar 🔥 Float International Big Profit🔥 Guru Updates And Latest RV...

Iraq signs memorandum of understanding with two international companies to stop the burning of natural gas, 1 APRIL

Iraq signs memorandum of understanding with two international companies to stop the burning of natural gas

Shafaq News / The Iraqi Oil Ministry signed, on Sunday, a memorandum of understanding with Siemens Energy and Schlumberger to invest, process and stop the burning of gas in the fields.

Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani confirmed, in a press conference, that the signing of the memorandum of understanding with the two companies comes within the ministry’s accelerated plan to convert gas into productive and useful energy to supply electric power plants and the national network.

The conference followed the signing ceremony of a memorandum of understanding between the Ministry of Oil and Siemens Energy and Schlumberger to invest and process associated gas and transfer it to electric power plants.

Abdul Ghani said during the conference that the ministry aims through this memorandum and the contracts attached to it to implement the accelerated plan to invest and process the quantities of gas from the oil fields, thanks to the technology possessed by these companies, pointing to the signing of another memorandum by Siemens with the Ministry of Electricity, in support of the energy sector.

For his part, the Chargé d’affaires at the German embassy, Maximilian Rush, praised the joint cooperation between the two countries, stressing his country’s support for Iraq to improve the energy reality and reduce emissions, expressing his hope to sign more contracts in other fields.

While the director of Siemens Energy Iraq, Mohannad Al-Saffar, said that this memorandum is the beginning of joint cooperation with the ministry to stop the burning and processing of gas, and employ it for the electric power generation sector, which contributes to achieving energy security in addition to reducing imports and maintaining the cleanliness of the environment.

The Undersecretary of the Ministry for Gas Affairs, Ezzat Saber, stressed that the memorandum comes as part of the ministry’s efforts to conclude more contracts to accelerate the investment and treatment of all quantities of gas associated with oil fields in cooperation with specialized international companies, to contribute to supporting the electric power sector, saving financial expenses and preserving the environment.

The General Manager of Schlmanger Iraq, Wissam Al-Azm, said that Siemens and Shalmanger will work to develop appropriate solutions and studies to improve the reality of sustainable energy using the latest technologies.

For his part, the spokesman for the Ministry of Oil, Asim Jihad, stressed that the memorandum comes in line with the government program and the Ministry of Oil in accelerating gas investment and increasing national production, within a pivotal plan towards enhancing energy security, reducing operational expenses and utilizing gas resources, to supply electric power plants and all industries associated with it, pointing out that these projects constitute decisive progress in Iraq’s journey towards sustainable energy.

https://www.shafaq.com/ar/اقتصـاد/االعراق-يوقع-مذكرة-تفاهم-مع-شركتين-عالميتين-ل-يقاف-حرق-الغاز-الطبيعي

"THE DINAR'S NEW EXCHANGE RATE REPLACES THE USD... WELCOME 1476 OR 1.48" BY FRANK26, 1 APRIL

 Frank26:  "THE DINAR'S NEW EXCHANGE RATE REPLACES THE USD... WELCOME 1476 OR 1.48"...........F26

 Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have entered the platform

 3/27/2024

Fadi Al-Shammari, advisor to the Prime Minister, Muhammad Shiaa Al-Sudani, expected on Wednesday (March 27, 2024) a continued decline in the dollar's exchange rate against the dinar .

Al-Shammari said in a televised statement followed by “Baghdad Al-Youm,” “The dollar is on its way to further decline and is subject to supply and demand.”

He stated, "70% of Iraqi merchants deal with the platform, up from only 10%."

Reuters previously quoted an official in the Central Bank of Iraq who revealed that there was an increasing demand among merchants on the electronic platform for selling the dollar at the official price (1,320 dinars), and working in a regular manner, as foreign trade remittances rose to 200 million dollars after it was only 50 million dollars last year. .

It is noteworthy that local markets and currency exchanges have been witnessing for days a noticeable decline in the exchange rate of the dollar against the dinar, as it reached 1,476 dinars this evening, Wednesday.   LINK

"IRAQ'S ECONOMIC IMPLICATIONS THREE ZEROS REMOVE FROM DINAR LATEST EXCHA...

Al-Mandalawi congratulates Christians in Iraq and the rest of the world on the occasion of Easter, 1 APRIL

 Al-Mandalawi congratulates Christians in Iraq and the rest of the world on the occasion of Easter

Baghdad / Nina / Acting Speaker of the House of Representatives Mohsen Al-Mandalawi congratulated on Sunday the people of the Christian religion in Iraq and the rest of the world, on the occasion of Easter (Easter).

Al-Mandalawi said in a post on the "X" platform, "We extend our best blessings to the people of the Christian religion in Iraq and the rest of the world, on the occasion of Easter (Easter), and we commend the role and contributions of the sons of this authentic component with the rest of the components of our dear people in building modern Iraq, and achieving stability and security for our country.

He added: "We affirm that this atmosphere of faith in the holy month of Ramadan, which coincides with the holidays of our Christian brothers, is an opportunity to strengthen the bonds of love, tolerance, peace and coexistence among the sons of Iraq, as well as an opportunity to renounce discrimination, extremism, terrorism and corruption, for a strong and prosperous Iraq."

"ALL BECAUSE OF THE NEW EXCHANGE RATE" BY FRANK26, 1 APRIL

 Frank26:  "ALL BECAUSE OF THE NEW EXCHANGE RATE"...........F26

 Government advisor: The 2024 budget tables focus on investment spending for new projects

 3/30/2024  Baghdad - INA - Nassar Al-Hajj,

the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that the 2024 budget tables focus on investment spending for new projects.

 Saleh said to the Iraqi News Agency (INA): “The existing procedures for completing the public financial tables for the fiscal year 2024 in order to submit them to the legislative authority for approval and implementation immediately are only a response to the text contained in the Federal General Budget Law No. 13 of 2023 (the tripartite ) Which stipulated the submission of schedules of public expenditures and revenues adapted according to the new fiscal year and its objective circumstances for the year 2024 for legal approval.

He pointed out that "the most important thing in these tables is determining the levels of investment spending on new projects, which is fundamental and fundamental spending in the movement of the national economy, as it is directly linked to the development and growth of the economy by providing objective conditions for the movement of government demand for supplies and inputs for investment in projects."

“The demand for productive factors associated with government investment activity is essential in achieving the targeted level of growth in the annual gross domestic product and sustaining its momentum, in addition to its connection to the labor market and business and moving them in accordance with a climate required by the sustainability of the country’s economic development itself.”

Prime Minister Muhammad Shiaa Al-Sudani earlier confirmed the start of setting 2024 budget schedules.  LINK