Monday, September 30, 2024
An expert reveals the reason for the fragility of the Iraqi market: Countries want imports to remain, 30 sept
An expert reveals the reason for the fragility of the Iraqi market: Countries want imports to remain
Today, Monday (September 30, 2024), economic expert Nasser Al-Kanani revealed the reason for the fragility of the Iraqi local market and its inability to confront any external problems.
Al-Kanani said in an interview with Baghdad Today, "The Iraqi local market is fragile and cannot face any external problems, as it depends only on foreign imports, and does not depend on local national production, and therefore the market is greatly affected by any external problems, and cannot face any of those problems, and therefore the Iraqi government must work seriously to restore local production so that the local market is strong and not affected by any regional or international problems and crises."
He added, "The Iraqi local market is considered one of the most important markets for many countries in the region and the world, to sell their materials in it, and it is not unlikely that there are countries working to keep the Iraqi market fragile and dependent on imports, instead of national production, and for this reason, throughout the past years, we have not seen any control of local products over the market."
Last March, the Central Bank of Iraq announced that “there is no return to the previous price of the dollar, and the price will not be reduced under any circumstances,” stressing that there is no intention to raise the price above 145,000 for every 100 dollars, which is the official Iraqi exchange rate.
The prices of basic foodstuffs doubled after the government devalued the dinar, and prices increased again, before rising again due to the rise in the price of the dollar .
The prices of some food items in Iraq have increased by between 25 and 75 percent, as the price of one kilogram of sugar rose from 1,000 dinars to 1,300 dinars in retail markets, a bottle of cooking oil from 1,500 to 3,000, and grains from 500-750 to 1,000-1,500 dinars link
RV UPDATE BY JON DOWLING, 30 SEPT
JON DOWLING
Three major takeaways from PM Sudani’s great efforts last week at the UN General Assembly:
1.) He announced the end of the currency auctions this year, not next year,
2.) Israel was waiting for the announcement of the currency auctions. Once they got it, you can see they started striking and are summarily taking out every bad guy in sight. Next up: Iraq/Iran for the grave surrender,
3.) The UN did appoint a new middleman to replace Jeannine, but notice you haven’t seen them at all and you probably won’t, since everything is coming to an end.
@JonDowling
Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad, 30 SEPT
Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
The Market Forces Committee, formed by Prime Minister Mohammed Shia al-Sudani, recommended holding a joint Iraqi-Turkish forum in the capital, Baghdad.
The committee said in a press statement received by Shafak News Agency that the Market Forces Committee held its meeting today, and hosted the financial advisor to the Prime Minister, Mazhar Muhammad Salih.
The committee, which was formed by the Prime Minister by a Diwani order, consists of the Association of Private Banks, the Federation of Chambers of Commerce, the Iraqi-Turkish Business Council, and the Iraqi Contractors Union.
The statement added that the committee recommended developing economic relations with Turkey, by holding a joint Iraqi-Turkish forum under the auspices of the Prime Minister in Baghdad on the sidelines of the visit of the Turkish Minister of Trade to Baghdad scheduled for next November.
The committee focused on working to support the establishment of the international development road, which would contribute to achieving a qualitative leap in international transportation, industry, and private sector contribution, and making Iraq a strategic corridor between the countries of Asia and Europe.
The committee pointed out the importance of solving the problems of the Iraqi and Turkish private sectors, which relate to financial transfers, customs, entry visas, and others, in a way that contributes to developing economic relations, stressing the committee’s openness to all forces of the Iraqi and Turkish market. link
RV UPDATE BY WOLVERINE, ( ENGLISH & SPANISH), 30 SEPT
WOLVERINE
Redemption center staff will be on duty this weekend.
Iraq bond holders will have their new lower denomination currency accessed to their accounts on Tuesday, October 1.
Tier4b (we, the Internet group) will receive email notifications via the 800 number on Monday, September 30. They should appear within three hours.
The call center will direct you to
exchange center where you will change.
Change appointments will be set from Tuesday, October 1 onwards.
R&R assignments are already in place
deposited into your Quantum account. You transfer that money to your bank with your Quantum card that you will receive at your appointment.
Both banks and exchange centers have on their screens the 14 currencies that will increase in value.
Sultan Tiburcio Villamor Marcos Tageane signed...
TRANSLATION IN SPANISH
WOLVERINE
El personal del centro de canje estará de guardia este fin de semana.
Los titulares de bonos de Irak tendrán su nueva moneda de denominación más baja tendrán acceso a sus cuentas el Martes 1 de Octubre .
Tier4b (nosotros, el grupo de Internet) recibirá notificaciones por correo electrónico a través del número 800 el lunes 30 de Septiembre . DeberÃan aparecer en un perÃodo de tres horas.
El centro de llamadas lo dirigirá al
centro de canje donde cambiará.
Las citas de cambio se fijarán a partir del Martes 1 de Octubre en adelante.
Las asignaciones de R&R ya están
depositadas en su cuenta Quantum. Usted transfiere ese dinero a su banco con su tarjeta Quantum que recibirá en su cita.
Tanto los bancos como los centros de canje tienen en sus pantallas las 14 monedas que aumentarán de valor.
El sultán Tiburcio Villamor Marcos Tageane fir...
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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...