DINAR REVALUATION

Thursday, October 17, 2024

IRAQ COMPLETED ALL FILES TO JOIN THE WTO BY REINALDO JC

IMPORTANT IRAQ NEWS: MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS BY MNT GOAT, 17 OCT

MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS

Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms.

A statement by the ministry, seen by Al-Eqtisad News, stated that “Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discussed the challenges facing the implementation of the program.”

The minister stressed, according to the statement, “the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability.”

The statement added that “the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been completed so far, in addition to discussing ways to accelerate the pace of reform in vital sectors. Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens.”

The statement concluded by saying that “the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth.”

Wednesday, October 16, 2024

EXCERPTS FROM MARKZ, 17 OCT

EXCERPTS FROM MARKZ

Member: RV Intel? Bond holders?

MZ: I am still not seeing any activity on Asian bonds. Everything that I am hearing and seeing this week and last week has been on the German bonds. There were a couple meetings last night and there are bond holders who keep saying that absolutely this is our week.

MZ: I have facilitators saying “They are telling us this is our week…..that everything is complete…but have not seen much yet. They are waiting on the final “GO” to distribute the funds to the holders.

MZ: The bond holders seem more hopeful than the facilitators that this is our week. I was hoping to have more news than that this week.

Member: Maybe the facilitators are skeptical of the “Boy who cried wolf” and rightly so.

Member: I heard years ago when 30% of the bonds are done…then we get our notifications….hope that still is true.

Member: Are the German bonds the proverbial lynchpin of the bonds?

MZ: I believe the German bonds and the Iraqi Dinar are the lynchpins of this thing….the cornerstones of the entire reset tight now. The two key things we are watching is the German bonds and the Iraqi dinar right now .

FRANK26: " THE NEXT STEP IS TO INTRODUCE THE LOWER NOTES AND THE NEW EXC...

IMPORTANT IRAQ NEWS: A QUALITATIVE SHIFT AND AN INCREASE IN TRADING.. SECURITIES ANNOUNCES THE LAUNCH OF A NEW WEBSITE FOR THE IRAQI MARKET BY MNT GOAT, 17 OCT

A QUALITATIVE SHIFT AND AN INCREASE IN TRADING.. SECURITIES ANNOUNCES THE LAUNCH OF A NEW WEBSITE FOR THE IRAQI MARKET

Wissam Al-Mulla

The Securities Commission announced today, Thursday, the signing of an agreement with the International Finance Corporation to develop the Iraqi market, and while it indicated the preparation of a guidebook to raise the transparency of companies, it confirmed that the new website of the Iraqi Stock Exchange will cover spot stock prices and is a qualitative leap.

The Chairman of the Securities Commission, Faisal Al-Haimus, told the Iraqi News Agency (INA): “The Commission signed an agreement with the International Finance Corporation in the first quarter of this year to develop the work of the Iraqi Stock Exchange.”

He explained that “the Authority has worked on developing the guidance booklet and the government guide for companies, which is expected to be ready by the end of the year, in order to present it to companies and benefit from the guidelines contained therein.”

He pointed out that “the booklet aims to increase the level of transparency for companies listed on the Iraq Stock Exchange, which are often late in publishing essential information and accounts, which affects investors.”

He stressed that “the Commission has launched the new website of the Iraq Stock Exchange, which will cover spot stock prices, which will allow the investor to read the market movements of any company, and this is a qualitative shift that will result in an increase in trading.”

IRAQ IS BEING GRANTED A LICENCE TO BE A " CAPITAL EXCHANGE COMPANY" BY GOLDILOCKS, 17 OCT

GOLDILOCKS

Iraq is being granted a license to practice work under Category A through the name of "Capital Exchange Company."

Is this regarding foreign currency exchange? Yes, it is.