Friday, July 12, 2024
Thursday, July 11, 2024
Nearly one trillion dinars of customs revenues in the first half of 2024
Economy News – Baghdad
The Director General of the General Authority of Customs, Hassan Al-Okaili, counted today, Thursday, the value of customs financial revenues during the first half of this year, and while it was expected to reach 2 trillion dinars at the end of 2024, he touched on the ports of the Kurdistan region.
Al-Okaili said in a televised interview followed by “Economy News” that “the volume of revenues of the Al-Kimark Authority during the first half of this year reached 948.5 billion dinars.”
He added, “Last year, Al Kmark recorded revenues of 1.33 trillion dinars,” pointing out that “it is possible that the volume of revenues will reach 2 trillion dinars at the end of this year.”
Regarding the ports of the Kurdistan region, the Director General of the Customs Authority explained that “some goods enter through the ports of the Kurdistan region, whose revenues go to the regional government by a large percentage, and may exceed even the goods that enter through the federal ports.”
ANALYSIS OF NADER FROM MID EAST, 12 JULY
Nader From The Mid East
What's going on in Iraq is really really good. Last month you see me talking about this month, about July. I said from now to July 8th you'll get some good news and that's exactly what happened. You see every proof of possibility to revalue or reinstate. I think it's reinstatement more than revaluation.
Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good. I can say we are very close.
Nader From The Mid East
Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad...It's more good than bad but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.'
SUMMARY OF RV UPDATES OF NADER FROM MID EAST, 21 JUNE
I know they working on the exchange rate from here to the 8th of July. We will have some good news I hope.
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Article: "Iraq Bulks Up Gold Reserves, Inch Up World Rankings" Quote: "Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month. This increase...is enough to nudge Iraq one spot higher in the WGC's global ranking, landing them 31st place out of 100 countries."
Last week...I said Iraq government start a new white paper, it's all about the currency. From here to the 8th of July we should have an answer. What they going to do - Are they going to change the exchange rate or not? That's what I said exactly. They're working on it. I know they created a white paper on that. The CBI... government of Iraq, the reserve and the IMF are all working on the same page on those white papers. I don't know if it's going to change or not...
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The UN agreement, 2003 when they invaded the country, now they said the last day is next year 2025. They been talking about the end of the war and this is one of them. That is very good news.
We talk about sovereignty, that's one of them. It's good for Iraq. It's going to make Iraq stronger and happier...Sudani what he's talking about the coalition gonna leave in 2025...it's official.
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'Nader you said it was going to happen in June.' No I didn't say in June happen.
I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August...They created a new white paper. They're going to start working on the exchange rate and I think from here to the 8th of July. We'll see what's going to happen.
Iraq wanted to de-dollarize. They start de-dollarizing in January but it didn't work for them too much.
The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country. They tried everything. Now, they said that plan didn't work so they come out to the new white paper...They realized they cannot do nothing without changing the exchange rate.
They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate...Between now and 8th of July we should have an answer...
what they going to do? Are they going to change the exchange rate...keep it the same...go up...go down?
I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-nader-from-mid-east-1-june.html
XUS delegation: US and international coalition will continue to support Peshmerga forces
Shafaq News / The President of the Kurdistan Regional Government, Masrour Barzani, received today, Thursday, a US delegation headed by Deputy Assistant Secretary of Defense for Middle East Affairs Daniel Shapiro.
A statement issued by the regional government stated that at the meeting, which was attended by the US Ambassador to Iraq Alena Romanowski, the Commander-in-Chief of the Coalition Forces in Iraq and Syria, General Joel Fowle, and the Director of Iraq and Syria Affairs at the National Security Council Nicole Softenis, the overall developments and developments in Iraq and the region were discussed.
For his part, the US Deputy Assistant Secretary of Defense renewed the United States’ support for the Kurdistan Region and the Peshmerga forces, stressing that the Kurdistan Region is an important and strategic partner of America. He also expressed his country’s keenness to continue strengthening coordination and security and military cooperation with the Kurdistan Regional Government.
According to the statement, the meeting was concerned about the progress made with the reforms implemented in the joints of the Ministry of the Peshmerga, as the Deputy Assistant Secretary of Defense praised the efforts of the Prime Minister and his continuous efforts to make the reforms successful and unify the Peshmerga forces, pointing out that the United States and the international coalition will continue to support the Peshmerga forces in the face of terrorist threats, especially those posed by ISIS terrorists.
For his part, the head of the regional government stressed the need to strengthen bilateral relations in various fields.
ANALYSIS OF FRANK26, 12 JULY
Frank26
The moment the value goes up where is the Iraqi dinar, where is that exchange rate going internationally? ...Forex. It's going to the community that is starving for this currency...In doing so the value will go up in what's called a float.
Sudani made it very clear to the Iraqi citizens he was going to add value to their currency this year. We're talking about the year 2024...They go by a fiscal calendar...Iraq goes from January 1st to December 31st.
I think Sudani is in control of the monetary reform. I think he has security and stability and I think the international world knows it.
I think all the three letter agencies are in cahoots...with the CBI...GOI to go ahead and launch the new exchange rate...I think the exchange rate is either going to float at a fixed rate or it's going to float at a low rate then take some time to grow and be capped. If it's fixed at an RI rate then you know it's not going to float very much because the distance between $3.22 to...where they want to cap it it's not that far and the demand will allow the gap to be reached very quickly.
If it comes out at $3.22 you think I'm gonna wait around for a float? No.
Faleh Al-Fayyad: We are under the command of the Joint Operations Command. And we don’t care who doubts, 27 DEC
Faleh Al-Fayyad: We are under the command of the Joint Operations Command. And we don’t care who doubts The head of the Popular Mobilizati...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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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...