MILITIAMAN: Iraqi Dinar-International Focus-WTO File Joining Completed-Regularizatio...

"A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE" BY FRANK26, 10 OCT

 KTFA

FRANK26: "A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE".......F26

Salaries next week.. Baghdad sends 329 billion dinars to Erbil and the latter indicates a decrease in the amount - Urgent

 

Erbil 

Economic expert Hafidar Shaaban announced today, Tuesday (October 8, 2024), that the federal government has sent an amount of 329 billion dinars to the Ministry of Finance of the Kurdistan Region.

Shaaban said in an interview with Baghdad Today that "in order to distribute salaries for the month of September, Baghdad sent a financial amount of 329 billion Iraqi dinars, but this amount is short of 71 billion and 328 million Iraqi dinars."

He added, "For this reason, a delegation from the Ministry of Finance in the regional government will visit Baghdad tomorrow, Wednesday," noting that "next week, specifically on the 16th of this month, the Ministry of Finance in the regional government will "Begin disbursing salaries to employees, before the elections scheduled to take place on the 20th of this month."

Financial expert Hafidar Shaaban confirmed on Tuesday (October 1, 2024) that the Federal Ministry of Finance will finance the region with an amount of 243 billion dinars.

Shaaban said in an interview with Baghdad Today, “The Federal Ministry of Finance will send this amount to the region, which is the remaining amount, for the purpose of financing the salaries of the Kurdistan Region in full, for the month of August.”

An informed source revealed, on Friday, September 27, 2024, the date for launching the disbursement of salaries for employees in the Kurdistan Region for the month of August.

The Ministry of Finance in the Kurdistan Region had previously announced that it had delivered the list of employees' salaries for the months of August and September, as requested by the Federal Ministry of Finance last time.

She explained that "in order to cover the deficit in August salaries, which is estimated at 243 billion dinars, the Federal Ministry of Finance decided to pay the suspended payments from February to August, and it is scheduled to start distributing salaries at the beginning of next week with the arrival of supplementary funding from Baghdad," stressing that she "is waiting to start sending September salaries to the region's employees and in order to start the process of auditing the payroll now."

LINK

 

WHAT MEANS TO IRAQ TO JOINT TO THE WTO BY 3AMART, 10 OCT

@3AMART

Iraq dinar friends The phrase "know what you hold" never mattered more. 1. Iraq is making big moves to join the World Trade Organization (WTO). 2. The WTO regulates global trade, ensuring fair practices and resolving disputes between countries. 3. By joining the WTO, Iraq is opening its economy to the world, attracting more investment and boosting its growth. 4. This move could increase Iraqi exports and strengthen the country's financial standing. 5. Reforms in Iraq’s legal and trade systems are making the country more transparent and attractive to foreign investors. 6. Iraq's currency, the dinar, could benefit as the economy strengthens through global trade connections. 7. Saudi Arabia is supporting Iraq’s efforts to join the WTO, showing strong regional cooperation. 8. In short, Iraq is gearing up to play a bigger role in the global economy, which could bring major benefits to the country and its people.

RV UPDATE BY MNT GOAT, 10 OCT

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

DINARLAND UPDATES!! @DINARREVALUATION

"STOP COMPLAINING... YOU KNOW WHY WE STOPPED THEM. BY FRANK26, 10 OCT

 KTFA

FRANK26: "STOP COMPLAINING... YOU KNOW WHY WE STOPPED THEM.".........F26

Nineveh complains that its companies are denied entry to the “currency auction” to obtain dollars

 

10/5/2024

 

The Association of Exchange Companies in Mosul called on the Iraqi authorities and the Central Bank of Iraq today, Saturday, to allow exchange companies in Nineveh Governorate to enter the currency selling window, in order to obtain the dollar at the Central Bank’s price.

The head of the Exchange Companies Association in Mosul, Abdullah Khalil, said in a statement to Shafaq News Agency, "The continued deprivation of Nineveh companies from entering the currency selling window has deprived the governorate of the right to obtain the dollar at the Central Bank's rate, which causes a negative impact on the economic situation."

He added: "The exchange companies in Nineveh are deprived of the right to enter the currency selling window and the financial transfer activities in dollars, despite the commitment to all the conditions set by the Central Bank regarding the formation of a company that meets all the conditions for more than a year," indicating that this company has been waiting for more than a year for the "code" to enter the currency selling window and has not obtained it yet.

Khalil explained that Mosul merchants today are forced to buy goods from the capital, Baghdad, instead of buying them directly from outside Iraq, because they are unable to obtain the dollar at a rate of 1,300 dinars, noting that the city also suffers from the inability to make financial transfers in dollars, which forces residents to transfer through other governorates.

Khalil called on the Iraqi authorities and the Central Bank of Iraq to allow companies in Nineveh Governorate to enter the window in order to obtain dollars at the Central Bank’s rate, similar to the rest of the Iraqi governorates.

LINK

 

RV UPDATE BY CLARE, 10 OCT

 Clare  

 Article Quote:  "The Central Bank continues the actual implementation of banking reform plans"

  Quote:  "The Supreme Executive Committee for the Strategy began its work and held its first meeting headed by the Governor of the Central Bank, which is a clear announcement of the beginning of the actual phase of implementing its strategies for banking reform...

What we expect from the procedures and policies adopted by the Central Bank, what has been achieved, and what will be achieved later will be reflected in achieving economic stability by overcoming the challenges of stability in the financial and monetary system,

 which will contribute to the stability of the exchange rate and the recovery of the Iraqi dinar inevitably"