DINAR REVALUATION

Monday, July 8, 2024

NADER FROM MID EAST : Iraqi Trade Bank's Progress on Debt Collection

Is Iraq Able To Activate Direct Flights To Europe And America?

Is Iraq Able To Activate Direct Flights To Europe And America?

Money and business Economy News – Baghdad The Ministry of Transport clarified, today, Sunday, the possibility of activating direct flights to Europe, America and other countries.

The Ministry's media office stated: "Regarding the activation of transit to serve travelers to other countries, in order for Iraqis to leave via Iraqi Airways, and then fly via other companies, specifically Europe, we are currently working on it via IATA or AT3PIS."

The office added: "As for other countries such as (America, Canada), which will be included in the AT3PIS file in the event that the flight to Europe with a 737 aircraft is successful, we can introduce AT3PIS into the Dreamliner aircraft, meaning that the work is related to the AT3PIS method, i.e. the Iraqi Aviation Authority, with other authorities."

The office continued: "As for African countries, there are not many requests, and we will work on the (Baghdad-Tunis) line," noting that "as for East Asian countries, the ministry is waiting to receive the remaining modern long-haul aircraft, such as the Dreamliner, through which the (Thailand-Jakarta-Bali) line will be opened."52 views 07/07/2024 - https://economy-news.net/content.php?id=44974

LATEST FROM FIRELFY, 8 JULY

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:They're back on TV and they're talking about the deletion of the 3-zeros...It was a segment of old newscast. The lifting of the 3-zeros was supposed to be done in 2011 and then it was supposed to be done in 2013, then 2016. Then they said it was also scheduled in 2017 and they talked about the lower notes and why they are going to be giving us these lower notes...It was a rebroadcast of old news story.

FRANK: ...All of this is being explained to you right now because you are so close to receiving this blessing that Sudani promised.

FIREFLY: Saleh is on TV and his is saying...our reserves are strong and there's no problem of the dollar in the market...By July 14th all will be fine with the parallel market rate.

FRANK: Your reserves to back up your new exchange rate, your new national currency, is off the hook. It can not only back up your currency but probably other currencies at the same time...

FRANK26…..7-7-24…….ALMOST WHITE

The Central Bank Hosts A Meeting To Regulate Electronic Commerce In Iraq

The Central Bank Hosts A Meeting To Regulate Electronic Commerce In Iraq

July 07, 2024 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate electronic commerce in Iraq with the participation of the concerned authorities.

During the meeting, a draft system for e-commerce and consumer protection was discussed through the controls discussed by the attendees, through registration procedures and obtaining a license to practice this trade.

The committee contributed to defining the service provider and granting it a license through an electronic platform established by the Ministry of Commerce, and the members of the committee stressed establishing the controls for granting a license to those wishing to practice electronic commerce in a way that preserves the rights of all parties.

While the attendees agreed to submit the “regulation paper” to the Council of Ministers for review and approval to proceed with work on it. Central Bank of Iraq information Office 7 - July 2024 https://cbi.iq/news/view/2612

LATEST FROM WALKINGSTICK

Walkingstick

If they float the dinar it will be in a very tight band. If it's a low rate, if it's a dollar then they'll float and it'll drive the rate up. But if they come out at an RI, reinstatement of $3.22 and then the float, then they're going to have some serious very tight banks on the float. It will be monitored very closely. It will only allow it to be a plus or minus of 5%. It cannot go any further than that in the float.

For example, don't let it get past maybe $3.50...They will cap it quickly...

[Iraqi bank friend Aki update]

The CBI board of directors decided...to hold meeting with only all of their executives of all their banks...These two or three meeting are going on...

This is on the subject of the monetary reform, lower notes, exchange rate, budget ... These next few days are going to be very silent. The press will not cover it. No one will know anything about it. They will suppress this information...This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move.