Thursday, October 24, 2024

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

"BANK REFORM COMMERCIAL." BY FRANK26, 24 OCT

KTFA

FRANK26: "BANK REFORM COMMERCIAL."........F26

Al-Atwani: The government is working on preparing the basics of the 2025 budget to present it to the House of Representatives

10/21/2024

The head of the Parliamentary Finance Committee, Atwan Al Atwani, confirmed that the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting.

A statement from his office, received by {Al Furat News}, stated that: “Al Atwani discussed with a delegation from the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, today, Monday, at the headquarters of the Finance Committee in the Council building, where he reviewed important draft laws including the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments being made, indicating that these laws will be read in the upcoming sessions.
Al-Atwani stressed that "the aim of the amendments is to involve the concerned parties to ensure increased productivity and listen to various opinions to ensure their effective implementation."
The statement added, "The organization of workshops in cooperation with the Law, Economy, and Investment Committees was also discussed to develop laws comprehensively, while hosting specialists to benefit from previous experiences. The mechanism for drafting federal budget texts, analyzing revenues and expenditures, and planning budget items and general programs were also addressed."
Al-Atwani pointed out that "the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting."

LINK

TIDBITS FROM MNT GOAT, 24 OCT

Mnt Goat

We must remember that the RV is not an event by itself that will just happen someday but it is a byproduct of the reforms...It can not happen without the reforms and one of the reforms (besides all the banking, insurance and stock market reforms) is the currency reform. The Project to Delete the Zeros will begin the final stage...

if these strategies are completed the likelihood of seeing the IQD on FOREX again is extremely high. I believe it is inevitable...

When it is time, it will be on FOREX and with the kind of rate we all anticipate. Today the IQD rate in the Quantum Financial System (QFS) is $3.96.

When they decide to allow the IQD back on the exchanges, the rate will be mapped over to the exchanges from the QFS.

DINARLAND UPDATE @DINARREVALUATION #iraqidinar

"MONETARY REFORM CONSTANTLY PATROLLED" BY FRANK26, 24 OCT

KTFA

FRANK26: "MONETARY REFORM CONSTANTLY PATROLLED"........F26

Withdrawing the license of Al-Mubdi Company and Al-Nawaeer Company for brokering the sale and purchase of foreign currencies

October 22, 2024

♦ The Central Bank of Iraq decided to withdraw the license of Al-Mubdi’ Company and Al-Nawaeer Company for brokering the sale and purchase of foreign currencies . For more , click here.
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LINK

TIDBIT FROM MARKZ, 24 OCT

MarkZ

[via PDK]

“Iraq Trade Bank opens a new branch in Baghdad”

The Iraqi Trade Bank‘s goal is to expand into other incomes outside of oil revenue…and loans for those businesses.

This is part of the deep commitment Iraq has given to diversify its economy so it can justify a higher rate. It’s all in their white papers.

Comment: From Mnt Goat: The IQD rate on the QFS is $3.96

MarkZ: That is well within the range that I am expecting to see.

DINAR REVALUATION