Customs: Our revenues during 7 months of this year exceeded one trillion dinars, 4 OCT

 Economy News – Baghdad

The General Authority of Customs announced on Thursday that customs revenues exceeded one trillion dinars during 7 months of this year 2024, noting that they are about to implement real reform measures that will positively affect the level of revenues.

The head of the authority, Hassan Al-Okaili, said in a statement reported by the official news agency, and seen by “Economy News”, that “customs revenues during 2022 were 807 billion dinars, and in 2023 revenues increased to one trillion and 33 billion, an increase of 28%, while this year 2024 and until last July, revenues reached one trillion and 145 billion dinars.”

He pointed out that “the authority hopes that revenues will reach 2 trillion dinars by the end of this year, although the current percentage is still below the level of ambition,” stressing that “the authority is about to implement real customs reform measures that will positively affect the level of revenues.”

Al-Okaili added that “the estimated amount of the Authority’s revenues in the budget is 2 trillion dinars, and we are on a path to reach it by the end of the year.”

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Added 2024/10/03 – 3:44 PM

https://economy-news.net/content.php?id=48308

EXCERPTS FROM BRUCE, 4 OCT

 EXCERPTS FROM BRUCE

In some cases, they'll use a silent or something different. But point is, it's a simultaneous start. Now what we're hearing about a shotgun start is pretty interesting, because we could get a true, shotgun  start, or it could be a slightly staggered start - 

 here's what I mean by that, the bond holders are supposed to be notified over night tonight or tomorrow morning, and that notifies them that They have money in their accounts, and they can begin gaining access to those funds in their accounts.

Now we are in a different situation because the bond holders for the most part have already ponied up their bonds, had them adjudicated, had them, you know, gone through provenance and all that stuff, and they set up their accounts already,

so it's just a matter of them getting access to the funds in their accounts. That's tier three. We're in tier four, and we've divided it into tier four, A and B, but Wells Fargo,  sees it all as tier four, all right, that's fine.

In our case, we’re hearing we're supposed to be notified overnight, tonight or tomorrow.

DINARLAND UPDATE!! WOW IRAQ WILL RV SOON !! @DINARREVALUATION

Warning to Iraqis: new ways to steal your money and smuggle it abroad, 3 OCT

 Warning to Iraqis: new ways to steal your money and smuggle it abroad

 
Economy      10/01/2024 | Alsumaria - Iraq News  16,862 views  Alsumaria News - Economic
 
Through the Internet and mobile phone applications, new digital banks in Iraq are beginning to steal money and smuggle it outside the country, especially with the absence of government control over the work of those banks that do not have branches on the ground.
 
A new loophole for money theft and a shortcut for currency smuggling that requires government oversight.
 
Digital banks in Iraq are another way to smuggle currency after being exploited by banks that have been subjected to sanctions and which require government monitoring and serious action towards them.
 
Through unsupervised electronic applications, financial transfers are carried out within these applications, without the need for paperwork or financial auditing, which facilitates the transfer process and the possibility of smuggling money in huge quantities.   
 
https://www.alsumaria.tv/news/economy/501878/تحذير-للعراقيين-طرق-جديدة-لسرقة-اموالكم-وتهريبها-الى-الخارج   

EXCERPTS FROM MARKZ, 3 OCT

 EXCERPTS FROM MARKZ

MZ: Most of my banking side contacts think we are starting before that 3 day weekend….but it would be a convenient time for us to go to the bank. 

MZ: No bond news….It is exactly the same as last night. The same goes for bankers…..I do know however that one of my wealth management/redemption contacts will be working this weekend….I do no know if the rest are also working…it is too early to know yet.  I hope to get an update by tomorrow. 

DINARLAND HIGHLIGHTS!!! @DINARREVALUATION

Leave The Money Exchangers Behind You.' A Specialist Proposes A “Treatment” For The Rise In The Dollar And Makes An Appeal To The Iraqi Central Bank, 3 oct

 Leave The Money Exchangers Behind You.' A Specialist Proposes A “Treatment” For The Rise In The Dollar And Makes An Appeal To The Iraqi Central Bank

 
Economy ​ 10-1-2024 |Baghdad today – Baghdad  Mustafa Akram Hantoush, an expert in financial and economic affairs, confirmed today, Tuesday (October 1, 2024), that the
 
Central Bank of Iraq’s control over banking companies does not solve the long-standing high dollar crisis in the parallel market. Hantoush told “Baghdad Today” that “the Central Bank’s control over the parallel exchange rate (the dinar against the dollar) is not linked to controlling banking companies or restricting the supply of the dollar in the Iraqi market, but rather linked to finding solutions to the demand in the local market resulting from trade in Iran and Syria with more than 10) Billions of dollars annually, and  
the solution is through a commercial platform, goods in exchange for gold or transfers to a third country in the region.”

He added, "Millions of people travel annually to countries, such as Iran, Syria, Lebanon, Turkey, and Russia, to whom dollars are not sold.
 
A solution must be found for this matter so that these travelers are not forced to obtain dollars from the parallel market, in addition to the necessity of opening easy accounts for small merchants." The economic expert stressed that
 
"the open borders with Kurdistan must be controlled, and goods such as detergents and others have very low taxes," stressing:
 
"If a solution is found to these problems, the exchange rate will stabilize immediately."
 
On the fourth of last July, the Central Bank of Iraq revealed a new mechanism for travelers to receive foreign currency (the dollar), which will be exclusively through the outlets of companies and banks at international airports, stressing that the goal of the new mechanism, which will enter into force on July 14, 2024, is The dollar reaches the real traveler and passes proper transactions, as well as facilitating travelers’ access to the dollar faster.
 
The exchange rates of the dollar against the Iraqi dinar witnessed a noticeable increase during the past months, as the selling price exceeded 150 thousand for every 100 dollars. 
 
https://baghdadtoday.news/259037-اترك-الصيرفات-خلفك.-مختص-يطرح-علاجا-لارتفاع-الدولار-ويوجه-نداء-للمركزي-العراقي.html