Banks Economy News – Baghdad The Iraq Stock Exchange announced on Thursday that it will hold 21 trading sessions in July 2024, at a rate of five sessions per week. The sessions will not be held on the first and tenth of Muharram, which falls during the month.
According to the trading indicators for the month of July, the number of traded shares reached (61,327,427,127) shares, an increase of (80%) over the month of June, with a financial value of (60,199,416,955) dinars, an increase of (76%) over the month of June.
According to the index, the number of executed contracts reached (11,309) contracts, an increase of (26%) over the month of June.
The ISX60 index closed at 896.25 points in the last session of July 2024, up 1.6% from its June closing of 882.03 points.
The ISX15 free float index closed at (1008.30) points in the last session of July 2024, achieving an increase of (0.2%) from its closing in June (1005.49) last. 218 views Added 2024/08/01 - 11:31 AM https://economy-news.net/content.php?id=45822
Community Comment: "Why do you think Iraq has been dragging its feet?
It's because Iraq has been FIGHTING to RAKE IN all the dinar that is OUTSIDE THE COUNTRY! Once they got, let's say 95% of it, then they are ready to reinstate the value of the dinar to its old glory days."
Why? They don't have to do that. There's no sense in doing that. They could just do it anyways after they delete the zeros. So no they don't have to wait to do that. They can just reinstate it anytime they want to.
The news continues to be good for Iraq. This is what we want to hear. We love that they're continuing with the reforms as well as aiming to improve the quality of life for the Iraqi people...Are you guys starting to get numb to the good news? Seriously. It seems every day there's something good happening to the point where it's almost being taken for granted.
OpenEden introduces the tokenization of US Treasury Bills (T-bills) to the XRP Ledger (XRPL).
A Treasury bill (T-bill) is a short-term debt obligation backed by the U.S. Department of the Treasury with a one-year maturity or less.
OpenEden's TBILL tokens will offer short-term US Treasury Bills and reverse repurchase agreements.
Moody's recently gave an "A" rating to this new venture. At this time, users will be able to mint TBILL tokens using stablecoins. This includes the up and coming Ripple USD.
Ripple has carved out its place in history for sure. It is going to touch every aspect of the new digital economy. The continued expansion of this tokenized asset shows it's organizing power to move the new system in a way no other coin can.
In October 2023, the country launched ASYCUDAWorld – a premier customs automation software supported by UN Trade and Development (UNCTAD) to digitalize customs clearance processes, reduce fraud risks and ease cross-border commerce.
The software, in compliance with international standards, aims to replace Iraq’s manual, paper-based customs clearance processes, enabling traders to complete all necessary paperwork online for time and cost savings.
Baghdad International Airport, where ASYCUDAWorld debuted in Iraq, saw customs revenue grow by more than 215% between January and May 2024, compared to the same period a year earlier.
Between January and March, import transactions at the airport were up 120% from the first quarter of 2023, reaching their highest levels in a decade.
The business community also responded effectively to comply with new procedures and regulations. Since October 2023, over 2,800 declarants have submitted around 65,600 declarations to customs through ASYCUDAWorld.
Currently, the software is up and running in Iraq’s nine largest customs offices which combined account for 81% of the nation’s international trade by volume.
The implementation of a national electronic Single Window for international trade is considered one of the most effective measures to enhance trade facilitation in a country – a view recognised by its inclusion as an obligation under the WTO Trade Facilitation Agreement.
A core element of any national electronic Single Window for international trade is an automated customs system. Any country operating a standards-based automated custom system, such as ASYCUDA, enabling the submission of electronic customs declarations, is well placed to start the process of developing an electronic Single Window for trade.
The purpose of this roadmap is to help countries that already use ASYCUDA software, or other standards-based automated custom systems, to design, build and implement a tailor made electronic Single Window system based on existing capacities. This approach helps countries to leverage their existing investment, and reduce both the time and cost of establishing an electronic Single Window.
The two articles above give you an indication of what Iraq has been going through these past couple of years in integrating the new electronic system in their trading ports.
These requirements will allow them to join the World Trade Organization and qualify for trade on the international level and new exchange rates among other nations using the WTO.
If you’ve ever wondered about currency exchanges in the QFS and how it could work, this episode is for you.
In this episode of the “Endgame GCR” Podcast, hosts Awake-In-3D and Marie G. discuss currency exchanges, gold currency revaluations and how it all could work in the QFS (Quantum Financial System ).
The conversation builds on previous podcast episodes, offering listeners a deeper understanding of how the Global Currency Reset (GCR) and related technologies might unfold in practical terms.
We present several, real-world scenarios in simple, easy to understand examples.
IN THIS EPISODE:
GCR Gold, Digital Currencies, and the QFS
Dispelling QFS myths and sharing concrete, real-world developments
Explanation of FinTech (Finance Technology)
Importance of gold in backing in the QFS
The QFS alternative to the current fiat currency system
Clarifying misconceptions about QFS and quantum computing
QFS as a decentralized ledger system
Sovereign Digital Currencies vs. Central Bank Digital Currencies (CBDCs)
How exchanges and redemptions could work in the QFS
Bypassing traditional banks with security and transparency of the QFS
Example scenarios of using QFS Gold-backed Units for currency exchanges and spending RV/GCR funds in local currency
Valuation and backing of QFS Gold-backed Units by gold
Role of off-ledger gold in the GCR alternative currency system
Potential value appreciation of QFS Gold-backed Units
Digital and tokenized ownership transfers
Simplified, fee-free transactions without middlemen
Future implications for traditional banking and loans
As I see it, we are waiting for some public announcements to come forth including the following
1. Public announcement of the USN on the gold and asset standard
2. Public announcement of the new USN notes money supply
3. Public announcement of USN bills paid
a. Iraq has a trust problem with the US
b. they need to see items 1-2 and three above publicly announced So they can go forward
4. Public announcement of the new Iraq international Dinar rate
5. Public announcement of the new Iraq international data rate published in The Gazette
6. Public announcement of Nesara
7. Public announcement of Gesera
8. Public announcement of Biden gone
9. Public announcement of trump's return
10. Private announcement of RV notifications including 800 numbers and starlink
a. Private announcement of tier 3 liquidity and spendable
b. Private announcement for liquidity of all tiers
11. Public announcement of the following
a. Social Security increase and change of system
b. Reclamation monies
c. Debt forgiveness jubilee
d. Other funds as applicable
We should begin to see these flowing out in the soon coming immediate future
There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.
Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.
See you on the other side. The other side is the Promised Land. Are you truly ready?
