Wednesday, July 3, 2024
Iraq maintains upper-middle-income status: World Bank
Shafaq News/ The World Bank has announced that Iraq has retained its status as an upper-middle-income country, according to its July 2024 report.
This marks the 12th consecutive year that Iraq has been classified in this category.
The World Bank classifies economies into four income groups based on gross national income (GNI) per capita: low-income, lower-middle-income, upper-middle-income, and high-income. GNI per capita is expressed in U.S. dollars.
All Gulf Arab states are classified as high-income, while Bulgaria and Belarus have moved from the upper-middle-income to the high-income category this year. Algeria, Iran, Mongolia, and Ukraine have also been upgraded from lower-middle-income to upper-middle-income status.
LATEST FROM MNT GOAT, 3 JULY
Mnt Goat
The news is still concentrating mostly on bringing in foreign investors and they told us today that there was a two part plan, and this plan is now completed...
The other part of the ongoing news from Iraq is still about the Parallel Market rate vs the Official CBI rate of the dollar...Saleh works with this issue daily and he is executing a plan. The plan takes time but Saleh says it is working and again tells us “soon” the parallel will equal the official rate
So the rate is slowly stabilizing as has now reached 1,220 from 1,320. The goal is 1,121. Folks this is not too far off...This is all good news...
Am I telling you they will RV when it reaches their goal. Of course not but these rates adjustments tell us they can not hold this back much longer and even with their own criteria something must be done and done soon to bring the dinar to the international investment world and free it up...
"KTFA FAMILY... I WANT TO TALK TO YOU ABOUT THIS ARTICLE" BY FRANK26, 3 JULY
KTFA
FRANK26: "KTFA FAMILY... I WANT TO TALK TO YOU ABOUT THIS ARTICLE".F26
Raidain Bank announces the implementation of the comprehensive banking system in 31 of its branches in Iraq
7/2/2024
Rafidain Bank announced, on Tuesday, the implementation of the comprehensive banking system in the Pharmacists Branch in Basra, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiya - Safwan - Arar - Trebil).
Thus, the number of effective and completed branches of the system becomes (31) branches, in an important step to strengthen the banking system, achieve its requirements, and move away from paper work and completely towards electronic systems.
The bank confirmed in a statement today that the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all the bank’s branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.
LINK
LATEST FROM FIREFLY, 3 JULY
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:
The Gazette, it's been printed but with July 1 date and there's no budget and no budget schedules in it. Maybe we have to wait for that appeal and the 15 days.
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[Iraq boots-on-the-ground report]
FIREFLY:
Television says that the development road project has Iraq as center of global trade and it will be the hub for the Middle East.
FRANK: Of the Middle East? No. The world...They're trying to tell you, you have a new exchange rate because these words don't mean anything at 1320.
FIREFLY:
We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO. This is going to be official...July the 18th. FRANK: To join the WTO Iraq does not need a currency with value. No, that's not the point. Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.
The television is saying parliament committee is saying there is a new number in the budget. They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process..
Very important suggestion for speculators in this "Camper Event" BY GINGER, 6 OCT
GINGER Very important suggestion for speculators in this "Camper Event" 💢Scenario: You've received your notification to se...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...