Prime Minister’s Advisor: We will see the dollar fall on the black market soon, 29 APRIL

Prime Minister’s Advisor: We will see the dollar fall on the black market soon

Fadi Al-Shammari, the Prime Minister’s political advisor, confirmed on Saturday that demand for the official dollar has increased, despite his expectation that it will decrease on the black market in the near future.

“The classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds the Emirati classification,” Al-Shammari stated in a press release that was received by

He continued, “The government has taken positive measures in this regard on the basis of Iraq’s desire to join the international banking system.”

He confirmed, noting that “the demand for the official dollar has increased, and we will witness its decline on the black market in the coming period,” and that “the increasing percentage of merchants joining the platform rose from 28% to 78%.”

He brought up that Iraq concurred “with the US Depository on a guide that incorporates an outsider addressed by a global counseling organization to review the strategies of the endorsed banks, and its choices are restricting on the US Depository.”/

"RV UPDATE" BY CLARE, 29 APRIL

 Clare 

 Article: "Prime Minister’s Advisor: We will see the dollar fall on the black market soon". Quote:  "The political advisor to the Prime Minister, Fadi Al-Shammari...pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”

Article:  "CEO of JPMorgan Chase expresses Support for Iraq”  Quote: "Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC. "

 Article: "Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar" 

 Quote: "Intervention is possible even today, if needed, State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday.  The dong dropped to a record-low 25,463 per dollar on the day."

Article:  "Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund"  

Quote:  "Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions."

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-clare-23-april.html

Iraqi Dinar✅Al Sudani Big Statement IQD New Rate Today 2024 / Iraqi Dina...

Al-Sudani discusses with a workers’ organization his government’s steps in this field, 29 APRIL

Al-Sudani discusses with a workers’ organization his government’s steps in this field

State leader Muhammad Shiaa Al-Sudani examined with the Leader of the Collaboration Association to foster the workplace in Iraq, the public authority’s moves toward supporting the states of laborers through regulations and regulation, including the Retirement and Government backed retirement Regulation for Laborers, which was endorsed a year ago.

According to a Cabinet statement, Al-Sudani welcomed Mr. Gilbert Hongbo, President of the International Labor Organization, to the Arab Labor Conference hosted by Baghdad. Since he is the first President of the International Labor Organization to visit the country, Al-Sudani also emphasized that Iraq was one of the first countries in the region to join the ILO in 1932.

Al-Sudani emphasized the need for the International Labor Organization’s expertise in the area of training and qualification as well as the establishment of training centers in Iraq to legislate a new law for union work.

Hongbo, on the other hand, lauded the progress that the Sudanese government had made in supporting the business environment and focusing on the labor sector and its workers by encouraging investment and caring for private sector workers.

"RV UPDATE" BY RAYREN98 & DEEPWOODZ, 29 APRIL

  RayRen98

   JUST OFF THE PHONE WITH SOME 3-LTRS... SUPER EXCITED WOULD BE AN UNDERSTATEMENT. IF WE CONTINUE AS PLANNED, WE HAVE JUST A FEW HOURS LEFT...♫♪♫♪♫  I GOT A FEELIN...TONIGHT'S GONNA BE A GOOD, "GOOD" NIGHT ♫♪♫♪♫

Deepwoodz 

 Article: "Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week" They’ve used this term many times but now we have a financial inclusion week?!  Nice.  We all know the only way to be completely inclusive is to change the rate. It’s also the only way to eliminate the parallel market...The rate is the icing on the completed cake of the MR.

Iraqi Dinar | Finally CBI Released New Rate Of The Iraqi Dinar | Iraqi D...

Deputy: We opened the Council of Ministers to decide the salary scale, 29 APRIL

 Today, Sunday, Representative Hadi Al-Salami confirmed that he would contact the Council of Ministers to settle the salary scale.

Al-Salami told , “Gathered mistakes in state organizations after 2003 made a striking divergence in pay rates and designations among their workers.”

He went on to say, “The salary scale represents a fair and equitable path to re-correcting the state’s construction in accordance with the principles of experience, competence, and testimony.” “He has approached the Council of Ministers with an official letter to proceed with discussing and approving the salary scale that we have been waiting for many months,” he added.

He brought up that “endorsing the compensation scale will resolve three complex issues in state organizations, which are accomplishing the rule of equity among its workers, containing moves between them because of portions and pay rates, and rearranging units in a way adds to putting resources into their capacities in offering the best types of assistance.”