IRAQ WILL ENHANCE THE DINAR'S VALUE IN INTERNATIONAL MARKETS @DINARREVAL...

DINAR REVALUATION REPORT: IRAQ WILL ENHANCE THE DINAR'S VALUE IN INTERNATIONAL MARKETS, 16 OCT

 Launching of the Activities of the International Scientific Conference Under the Slogan "Development and Financial and Economic Stability to Restore Confidence in the Dinar" IRAQ 2024

The University of Mosul, under the patronage of the Minister of Higher Education and Scientific Research, Dr. Naim Al-Aboudi, and the supervision of the President of the University of Mosul, Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, has launched the activities of the International Scientific Conference titled "Development and Financial and Economic Stability to Restore Confidence in the Dinar". 1

 The conference, held on October 14, 2024, aims to explore strategies for enhancing economic stability and boosting confidence in the Iraqi dinar.

Key Objectives and Participants

Objectives

Economic Development: The conference focuses on promoting economic development through various initiatives and projects.

 Financial Stability: It aims to ensure financial stability by addressing key economic challenges and implementing effective policies.

 Restoring Confidence: A significant goal is to restore public and international confidence in the Iraqi dinar, which is crucial for the country's economic recovery and growth.

Participants

Government Officials: The opening ceremony was attended by the Governor of Nineveh, Abdul Qader Al-Dakhil, and other high-ranking officials. 

Academics: The event brought together academics and researchers from the College of Administration and Economics and other institutions. 

Industry Experts: Representatives from the financial and banking sectors also participated, contributing their expertise and insights.

Major Initiatives and Outcomes

Strategic Projects

Mosul Airport Project: The Governor of Nineveh highlighted the implementation of major strategic projects, including the Mosul Airport, which is expected to boost the region's economic activities. 4 Health Sector Development: Plans are underway to develop the health sector, with the establishment of the Ibn Sina Hospital, a 600-bed facility, being a significant step forward.

Economic Indicators

Oil Prices: Iraqi oil prices have stabilized, with Basra Heavy crude recording 77.25 per barrel. 4 Currency Exchange: The conference also discussed the importance of stabilizing the exchange rate and enhancing the dinar's value in international markets.

Significance and Future Prospects

Economic Development

The conference underscores Iraq's commitment to economic development and stability. By focusing on strategic projects and financial reforms, the country aims to attract more investment and boost its economic growth.

International Collaboration

The event highlights the importance of international collaboration in achieving economic stability. The involvement of global financial institutions, such as the World Bank, in infrastructure projects is a positive sign for Iraq's economic future. 2

Public and Investor Confidence

Restoring confidence in the Iraqi dinar is a critical step towards economic recovery. The conference's discussions and initiatives are expected to pave the way for a more stable and prosperous economic environment in Iraq.

Conclusion

The International Scientific Conference "Development and Financial and Economic Stability to Restore Confidence in the Dinar" is a significant milestone in Iraq's economic journey. By bringing together key stakeholders and focusing on strategic initiatives, the conference aims to enhance economic stability and boost confidence in the Iraqi dinar. The outcomes of this event are likely to have far-reaching implications for Iraq's economic future and its position in the global market.

Launching Of The Activities Of The International Scientific Conference Under The Slogan "Development And Financial And Economic Stability To Restore Confidence In The Dinar", 16 OCT

 Launching Of The Activities Of The International Scientific Conference Under The Slogan "Development And Financial And Economic Stability To Restore Confidence In The Dinar"

Tuesday 15 October 2024 | Economic Number of readings: 345  Mosul/ NINA / The activities of the international scientific conference were launched at the University of Mosul under the slogan "Development and Financial and Economic Stability to Restore Confidence in the Dinar.

Nineveh Governor Abdul Qader Al-Dakhil said during his attendance at the conference that Nineveh Governorate is regaining its health with its universities and scientific expertise."

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 13 banks, and the total number of exchange companies participating in the auction was 8 companies.  LINK

PHONE CALL UPDATE WITH CBI CONTACT : TAKING STEPS TO GO INTERNATIONAL, 16 OCT

 PHONE CALL UPDATE WITH CBI CONTACT : TAKING STEPS TO GO INTERNATIONAL

Summary

The CBI is progressing towards digital banking and international standards, signaling significant changes for the Iraqi dinar.

Highlights

• 🌍 CBI is moving towards international banking connections.
• 💳 Iraq will enhance its digital banking infrastructure.
• 📈 The Iraqi dinar’s value is expected to increase with digital integration.
• 🚪 Iraq is set to end its currency auction window by year-end.
• 🏦 Iraq aims for World Trade Organization accession.
• 📲 Young Iraqis are encouraged to adopt digital technology.
• 🛠️ Automated customs systems are being implemented for trade efficiency.

Key Insights

• 🌐 Global Integration: The CBI’s shift towards international banking systems is vital for the dinar’s global acceptance and value enhancement.
• 💻 Digital Banking Revolution: Iraq’s movement towards digital banking aims to modernize its financial system, facilitating smoother transactions and reducing reliance on cash.
• 📊 Value Appreciation: Digitizing the economy should help stabilize and increase the dinar’s value in the global market, benefiting holders of the currency.
• 🔒 End of Currency Auctions: The elimination of the currency auction window is a step towards transparency and regulation, which may further enhance the dinar’s credibility.
• 📈 WTO Membership Goals: Achieving full membership in the World Trade Organization will allow Iraq to engage in international trade more effectively, boosting economic growth.
• 📱 Youth Engagement: Encouraging younger generations to adopt digital banking will help create a tech-savvy economy, ensuring long-term sustainability and growth.
• 📋 Customs Automation: The implementation of automated customs systems will streamline trade processes, reducing corruption and improving data accuracy at borders.

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

Iraq Issues Arrest Warrant for Head of Corruption Commission, 16 OCT

 ERBIL — An arrest warrant has been issued for the acting head of the Iraqi Corruption Commission, Judge Haider Hanoon, after investigations revealed that a leaked recording of Hanoon taking bribes matches his voice, according to an informed source who spoke to local Iraqi media on Tuesday.

Iraqi media reports that following a report from the Judicial Investigation Directorate of the Ministry of Interior, which confirmed a 100% match between Hanoon's voice and that on the recording of him accepting bribes, an arrest warrant has been issued.

On Monday, October 7, the Iraqi judiciary formally issued the arrest warrant for Hanoon.

According to a judicial source, the Third Investigation Court of Karkh in Baghdad issued the warrant due to Hanoon's failure to appear in court for the charges against him.

"The court has sent notices to Hanoon multiple times to appear, but he has not complied," the source added.

In mid-September, the Iraqi Supreme Judicial Council announced that it had taken legal action against Judge Haider Hanoon, following his remarks at a news conference in Erbil last month.

Hanoon criticized Judge Zia Jaafar for revealing the details of the Iraqi "thief of the century" during a press conference held in Erbil. He also expressed his anger at accusations leveled against the council regarding the disappearance of classified documents related to one of the main culprits, known as "Nur Zuhair."

BANK STORY FROM GINGER'S LIBERTY LOUNGE ROOM ON TELEGRAM, 16 OCT

 💢Aries Sun99, Liberty Lounger Extraordinaire, provides an insightful bank story which confirms new developments. 9.27.24 

💢Aries Sun99: Good Evening Ginger!  I am currently a member of the Liberty Lounge and the GLL World Changers channels. Thank you so much for your dedication in educating us and spreading God’s love across the cosmos.

I have a bank story to share.

 I currently use Chase as my primary bank for most of my transactions. 

I’m in New England (NE USA for those who are not in America). Two weeks ago, I went to withdraw money from the Chase closest to my job. I didn’t have my debit card on me and was told at the counter that I needed to have TWO forms of ID to withdraw cash. 

Since I had run out on my lunch break, I only had my passport with me. The agent and I went through such a lengthy process to verify my identity, including sending push notifications to my phone to show that it’s my account. Despite all of this, they told me that I couldn’t withdraw funds unless I had BOTH my passport and/or Driver’s license (other bank card, etc)

Fast forward to today, I went to the Chase closer to my home to withdraw my rent.

 As I approached the counter, I gave the Agent my passport and driver’s license. She then responded to me that she only needed my passport. This is where it threw me off. 

I mentioned to her that two weeks prior I had gone to another branch and the system would literally not allow me to withdraw without two forms of ID.

 She responded - “It must’ve been the OLD system. Some branches are still in the process of switching over to the NEW system. I just need a national ID (passport) to prove your identity.”

At the time, I didn’t think much of it as I was with my overstimulated toddler, but once I left I realized this is what you’ve been preparing us for! 

I hope this can serve as confirmation or even an informational story for folks. Thank you!

SOURCE : GINGER'S LIBERTY LOUNGE ROOM ON TELEGRAM