Application of the electronic automation system (ASYCUDA) in the middle and southern port of Umm Qasr and the center of Kimrk Safwan, 16 MAY

Application of the electronic automation system (ASYCUDA) in the middle and southern port of Umm Qasr and the center of Kimrk Safwan

Economy News – Baghdad

The General Authority of Customs announced, on Wednesday, the start of the actual implementation of the application of the electronic automation system (ESYCUDA) at the Middle and South Port of Umm Qasr and the center of Kimrk Safwan.

A statement of the authority, seen by “Economy News”, said that “under the direct supervision and follow-up of the Director General of the General Authority of Customs, Hassan Hamoud Al-Akili, and according to the document of agreement signed with the United Nations Conference on Trade and Development UNCTAD (UNCTAD) and in implementation of the plan set by the General Authority of Iraqi Customs, the actual implementation of the electronic automation system (ASYCUDA) was started today in the port of Umm Qasr Al-Qasr Al-Wasat and the southern port of Safwan Cark. This came to complete the project started by the authority to automate the customs centers using the ASYCUDA system, which helps to unify customs procedures and reach accurate statistical reports on imported and exported goods and the implementation of the issued customs decisions.”

The statement added, “The procedures for electronic transformation (automation) were completed at the Kimark Center, the Grand Welcome Square in early March of this year. Before the Kemark Air Cargo Center, the Airport Terminal Center and the Dry Port in the Central Region Kimar Directorate were automated, to become the total number of the customs centers in which the customs work was automated (7) customs centers, three of which are in Baghdad and four in Basra, including an air center, sea centers and a land center.”
He pointed out that “work is continuing in the application of the electronic automation system (ESYCUDA) in all customs centers successively in the coming period.”

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Added 2024/05/15 – 9:14 PM

https://economy-news.net/content.php?id=43469

"QFS CONVERSATIONS" WITH GOLDILOCKS, 16 MAY

 GOLDILOCKS

The DCSA Digital Trade initiative was designed to facilitate universal acceptance and adoption of a standards-based electronic Bill of Lading, applicable to both original Bill of Ladings and Seaway Bills. Using open source Application Programming Interfaces (APIs), DCSA BL standard enables straight-through processing of BL data, eliminating paper and manual intervention from BL processes.

 Standardised digitalisation of BL data and processes will help create a more secure, agile and sustainable supply chain ecosystem. DCSA is also working closely with eBL solution providers on technical and legal interoperability to enable seamless digital transfer of original BLs across different platforms and stakeholders, which will facilitate the global uptake of BL standards.  

https://www.dcsa.org/standards/bill-of-lading

(5/14) Critical Update!

Oil Rises Due To Forest Fires In Canada, 16 MAY

 Oil Rises Due To Forest Fires In Canada

Time: 05/15/2024 07:31:01 Read: 1,391 times  {Economic: Al-Furat News} Oil prices rose in early trading on Wednesday, with major forest fires threatening the oil sands region in Canada and the market expecting a decline in US crude oil and gasoline stocks later today.

Brent crude futures rose 34 cents, or 0.4%, to $82.71 per barrel. US West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $78.39 a barrel by 00:16 GMT.

A huge wildfire was approaching Fort McMurray, the center of Canada's oil sands industry, with production of about 3.3 million barrels per day, or two-thirds of the country's total production, and thousands in the suburbs were asked to evacuate.   LINK

https://alforatnews.iq/news/%D8%A7%D9%84%D9% 86%D9%81%D8%B7-%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-%D8%A8%D9%81%D8%B9%D9%84-%D8%AD%D8%B1%D8%A7%D8%A6%D9%82-%D8%A7%D9%84%D8%BA%D8%A7%D8%A8%D8%A7%D8%AA-%D9%81%D9%8A-%D9%83%D9%86%D8%AF%D8%A7

"RV UPDATE" BY FRANK26, 16 MAY

 Frank26   

Article:  "Sudanese directs to hold an extraordinary session next Sunday to discuss the 2024 budget schedules" 

AN EXTRAORDINARY SESSION... FOR AN EXTRAORDINARY ANNOUNCEMENT!

Article:  "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?"  Floating the dinar, oh my goodness, they are talking to the Iraqi citizens about the monetary reform...Floating the dinar is what they're going to do...

 Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off.   I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.  

Question: "Do you think the rate will be on Forex?"  Yeah!  The Forex will be one of the very first to receive it.

This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical.  There's not reason for it...These fils paper or coins and the exchange rate are not activated yet.  They are all in the background waiting for when Sudani says it's time.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-frank26-14-may_0418709882.html

Iraqi Dinar Guru News Highlights (5/15/24)

The National Bank Of Iraq Receives A Strong Credit Rating From Capital Intelligence, 15 MAY

 The National Bank Of Iraq Receives A Strong Credit Rating From Capital Intelligence

Economy News – Baghdad  The global credit rating agency, Capital Intelligence, has affirmed its credit rating for the National Bank of Iraq for long-term and short-term foreign currencies (FCRs), maintaining the bank’s basic financial strength rating at (bb) with a stable outlook.

The bank said in a statement received by Al-Iqtisad News, "This positive rating reflects the strength and solidity of the financial position of the National Bank of Iraq, and enhances the culture of trust among current and new customers and investors. The rating also contributes to supporting the bank's efforts to achieve its development goals in serving the Iraqi national economy."

According to the statement, the Capital Intelligence Agency based its granting of this rating to the National Bank of Iraq on several factors, the most important of which are: good banking management, a high ratio of capital to assets, including the core capital ratio (CET1), effective flexibility in capital management, and good liquidity supported. With a growing deposit customer base, especially from retail banking, along with good operating profitability driven by improved revenue quality and stability, in addition to high quality of loan assets.

Commenting on this achievement, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, confirmed that “the positive credit ratings obtained by the National Bank of Iraq reflect its efforts to enhance the soundness and strength of its financial position, including increasing its capital and improving its risk management, indicating that this The rating is a testimony to the bank’s commitment to the highest standards of banking, and contributes to enhancing the confidence of customers and investors.”

Abu Dhaim pointed out that "the National Bank of Iraq will continue its commitment to providing the best banking services to its customers, in an effort to contribute to supporting the Iraqi national economy and enhancing its position on the global economic map." Views 174 05/15/2024 - https://economy-news.net/content.php?id=43440