There's clear signals the dinar and dollar relationship are going to be different in the future. They state specifically the dinar will be better. It's going to be stronger than the dollar, al-Sudani said it.It's going to be better because of what?
Because of all these actions they're talking about now...It's huge.
Iraq is at advanced stages unlike any other country in the region for accession to the WTO.
What did they say with JP Morgan just the other day? ...He's talking about emerging markets. They're focused on emerging markets and growth. Iraq is an emerging market. They're not even international at the point of their exchange rate. 1310 is not viable around the world. It's not yet. Whatever they're doing, they're focusing in on this is my view on it.
More Than A Billion Dollars In Sales From The Iraqi Central Bank Within A Week
Money and business Economy News – Baghdad The Central Bank of Iraq's total sales of hard currency for the US dollar during the last week in which the auction was opened amounted to more than one billion dollars.
During the past week, the Central Bank sold one billion and 348 million and 235 thousand and 509 dollars, at a daily rate of 276 million and 847 thousand and 19 dollars, lower than what it recorded last week, which amounted to one billion and 354 million 297 thousand and 9 dollars.
The highest dollar sales were for Wednesday of last week, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were for Sunday of the week, when sales amounted to 270 million, 897 thousand and 422 dollars.
Foreign remittance sales during the past week amounted to 1,317,475,000 dollars, an increase of 95% compared to cash sales, which amounted to 66,760,000 dollars. 864 views 04/27/2024 - https://economy-news.net/content.php?id=42895
We all want the same thing. I'm telling you we do. Would I love for the rate to change to $3.22 per dinar? Would I love for them to keep the current currency they have without deleting the zeros when they change that exchange rate? Of course I would. But what I'm saying to you is there are many possibilities you should at least be aware of them.
I'm not saying it's going to happen one way or another for sure, I'm just saying to you there's some things out there that they're hiding from you...
What Iraq is preparing to do is delete the zeros off the currency. That's not what we wanted but that's what going to happen...Everything has to do with what's good for Iraq, not your investment.
Parliamentary Efforts To Transform Iraq Into A Global Market For Transferring Internet Capacities
Money and business Economy News – Baghdad Today, Saturday, the Parliamentary Finance Committee confirmed that there are efforts to transform Iraq into a global market for transferring Internet capacities.
A statement from the committee, received by “Al-Iqtisad News,” stated that “The Parliamentary Finance Committee, headed by Atwan Al-Atwani, and in the presence of its members, hosted the Minister of Communications, Hiam Al-Yasiri, to discuss ways to advance the reality of the communications sector in Iraq and raise the level of services provided to citizens, because of its direct impact on economic development.” ".
The statement added, "The meeting discussed the most prominent problems facing the ministry's work and the possibility of providing it with the necessary support in order to implement the provisions of the government program related to the communications sector."
Al-Atwani stressed, “the necessity of advancing the communications sector and developing electronic services,” stressing, “the Parliamentary Finance Committee’s keenness to review what has been implemented, as stipulated in Paragraph 17 of the Federal Budget Law (2023-2025), regarding increasing communications revenues and improving the quality of services.”
He added, “We rely a lot on the Ministry of Communications, to be the second financial resource for the state after oil.”
Al-Atwani stressed, “The necessity of digital transformation in all sectors, including customs and ports, and this requires securing and improving Internet service, continuously and without interruption, in a manner that is consistent with the government’s endeavor to automate these sectors and undermine the outlets for corruption.”
He warned, "The hosting also comes to identify the ministry's needs, in preparation for including them in the 2024 budget schedules, the schedules of which are expected to reach the Finance Committee next week. "
Al-Atwani pledged to “adopt the demands and proposals put forward by the Minister before the Finance Committee, including providing the necessary financial allocations to develop communications infrastructure, ensuring the expansion of port gates in light of the increasing demand for this service, in addition to purchasing advanced devices to block websites targeting Iraqi society, as well as By giving the Ministry the authority to collect fees for commercial advertisements on social media sites and to prosecute violators.
The Chairman of the Finance Committee stressed, "The necessity of completing the steps to transform Iraq into a global market for transferring Internet capacities by attracting customers, after the submarine cable service entered the commercial operation phase, which brings significant revenues to the state." Views 54 04/27/2024 - https://economy-news.net/content.php?id=42902