Shafaq News / The Ministry of Finance and Economy in the Kurdistan Region announced, on Tuesday, that nearly 500 billion dinars were deposited in its bank account by the federal government to pay the salaries of civil servants for the month of June.
The ministry said in a statement today that it deposited a financial amount of 421 billion, and 760 million dinars into its bank account.
This amount is part of the June salaries of civil servants in the Kurdistan Region, the statement said.
Sandy Ingram
Iraq has the the largest foreign currency in the country's history. I has also amassed a small fortune in gold and made significant strides in developing the country.
Sandy Ingram
The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.
If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will do just fine. The wealthy never never ever spend their bases or the foundation of their wealth. In your case this would be the profits from your Iraqi dinars...Wealthy people invest their initial profits. The first person they hire is a financial advisor. The second...is a tax professional...to make sure Uncle Sam doesn't get large sums of their money. If you do anything else you are in the fast lane to going broke.
Article: "JSC: The government has successfully completed the sale of securities" Quote: "
The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed...This reflects the strength and stability of the State of Iraq."
Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate. Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals...
https://dinarevaluation.blogspot.com/2024/07/latest-from-sandy-ingram-8-july.html
An informed source revealed the date of the implementation by government banks of the procedures of the Central Bank of Iraq in restricting the sale of dollars to travelers at the official price.
The source told {Euphrates News} agency, “Government banks are preparing to implement the procedures of the Central Bank of Iraq in selling dollars to travelers at the official price at airports, in a move to help the government find solutions to the dollar crisis.”
The source explained that “the dollars will be delivered to travelers at the outlets of government banks at airports,” noting that “the start of selling dollars will be next week.”
The Central Bank of Iraq revealed last Thursday the new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through the outlets of companies and banks at international airports, stressing that the goal of the new mechanism, which will come into effect on July 14, is to deliver dollars to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to dollars faster.
Pimpy
Community Comment: "The CBI is going to wait until they're forced to increase their purchasing power."
No. The CBI is going to wait until it's necessary to increase the exchange rate. Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn't mean it's going to happen. They have to do what's right for the Iraqi people.
Question: "Can someone please explain why Pimpy is in this?Politician: America is continuing the dollar chaos scenario in Iraq
Today, Monday, the leader in the coordination framework, Jabbar Odeh, accused America of repeating the dollar chaos scenario in Iraq.
Odeh said in an interview with Al-Maalouma, “Since 2003, America has sought to make Iraq's economy hostage to the policies of the White House, and to use the dollar bill as a pressure tool to confront any movement outside the context of its interests in the region.”
He added, "The recent rise in the exchange rate is nothing but a scenario of chaos through pressure on the parallel market and raising exchange rates," stressing that "Iraq's economy will not be safe as long as Washington exploits oil revenues through the Federal Bank."
He pointed out that "the statements of the new American ambassador carried three clear agendas in Baghdad, which are using the economic card, selling oil supplies, and trying to escalate the security situation and interfering in the country's affairs," adding that "Baghdad's exit "From the pressure of the dollar will free the country from dangerous restrictions imposed by the White House administration." For more than 20 years.”
It is noteworthy that the dollar exchange rates witnessed a noticeable increase, raising many question marks amid accusations that an American agenda is behind what is happening. link
Militia Man All of those things over the last 21 years that they've been working on are now coming to a final end because they'r...