Tuesday, October 29, 2024

The Commercial Bank is allowed to buy dollar through Kurdistan airports, 29 OCT

The Commercial Bank is allowed to buy dollar through Kurdistan airports

Economy News – Baghdad

The Commercial Bank of Iraq announced the possibility of buying dollars by passengers through the airports of the Kurdistan Region in Erbil and Sulaymaniyah at the official price.

The bank stated in a statement that the traveler must deposit the necessary amounts in Iraqi dinars in one of the branches

The Commercial Bank of Iraq in Mosul, Erbil, Sulaymaniyah or Dohok so that it can obtain the dollar at the official price.

He pointed out that “the traveler must have a valid Iraqi passport with a valid visa or residence, in addition to the civil status identity or national card and a valid travel ticket.”

He added that “the traveler must undertake not to buy foreign currency from another party in Iraq for one month, and he must be Iraqi and be more than 18 years old.

According to information, travelers can buy dollars with amounts of up to $3,000, and at the official price of 132 thousand dinars per $100.


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Added 2024/10/29 – 1:18 PM

https://economy-news.net/content.php?id=49271


RV UPDATE BY JON DOWLING, 29 OCT

 JON DOWLING

So the corrupt Iraqi politicians just showed their faces and played their hand. Thanks for that. This makes it easier for Israel to target your sorry butts when they take you out very soon. 


We need to remove OPEC off of Iraq. They have absolutely no business being involved in any other countries affairs, especially Iraq. 


Ignore the gurus who have been lying to you all these years. 


They’ve never had it right once. Iraq has NOT returned to the international state yet. They’re about to but they’ve been an international country. 


They manipulate peoples emotions and play with words to take advantage of peoples lack of awareness of global affairs. Stop helping the gurus out! 


@JonDowling

FIREFLY: THE NEW EXCHANGE CENTERS ARE OPEN TO RETURN THE THREE ZEROS NOTES @DINARREVALUATION

 


Forthcoming meeting of the Quartet on the development path, 29 OCT

 Economy News – Baghdad

The Ministry of Transport announced on Tuesday an upcoming meeting of the Quadripartite MoU countries on the development path, while the date of completion of the design stages of the project was determined.

Ministry spokesman Maitham Al-Safi said that “on the 31st of this month, a ministerial meeting of the ministerial Quartet will be held on the strategic project on the development path, and the meeting will include Minister of Transport Razak Mahbis Al-Saadawi and his counterparts in Turkey, Qatar and the UAE, and the meeting will deal with the modern through development and the latest project.”

Al-Safi pointed out that “the project is still in the stage of designs that have reached its end, as the completion in the railway line reached 100%, after conducting the topographic survey and soil stilling operations, and with regard to the landline, the completion rates reached 84%, and that this year witnesses the completion of the initial basic design stages and then moving to the stage of detailed or final designs, after which the project is presented to companies to compete for opportunities to implement the project according to the Iraqi vision and what serves the interest of the Iraqi people.”

He added, “The beating heart of the development road project is the Al-Faw Port project, and it has reached advanced completion stages. Most importantly, the process of flooding the underwater tunnel has reached advanced stages after the completion of its five berths, which is the completion of the Al-Faw port stage in 2025, and the work is escalating, especially between the road linking Umm Qasr and Al-Faw Port after reaching the final clading stage, as well as the completion of the final procedures, including the erection of lighting poles. There are also a number of bridges in which the completion rates have reached 98% and 96% for the connecting line, as well as excavations in the navigation channel and the container yard are ongoing and their completion rates have exceeded the planned.”

Al-Safi continued, “Our strategic projects are moving at an increasing pace and are within the directives of the Prime Minister, and the continuous follow-up by the Minister of Transport and through our cadres working represented by the General Company of Iraqi Ports with regard to the FAO port,” warning that “this meeting will be very important, as it will focus on the organizational and administrative process structure of the development road project, which is an opportunity to learn about the project and the latest that has reached it.”


"THE DINAR SHOWULD BE LINKED TO A DIVERSE BASKET OF CURRENCIES" , 29 OCT

 


Dinar Revaluation Update: Will It Happen Before November? @DINARREVALUATION

 


The continuous decline in dollar prices. Is Iraq restoring balance to its economy?, 29 OCT

 The continuous decline in dollar prices. Is Iraq restoring balance to its economy?

Mawazine News – Economy

On Monday, the exchange rates of the US dollar witnessed a decline in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the opening of the main stock exchange in the country.

Dollar prices fell with the opening of the two main Al-Kifah and Al-Harthiya stocks in Baghdad, to record 150,750 dinars per $100, while on Sunday 151,000 dinars per $100 were recorded.

With regard to the selling prices in banking shops in the local markets in Baghdad, they decreased, as the sale price reached 151.750 dinars, while the purchase amounted to 149,750 dinars per 100 dollars.


In Erbil, the dollar recorded a decline, with the selling price in banking shops reaching 150.700 dinars per $100, while the purchase price reached 150.600 dinars per $100.

https://mawazin.net/Details.aspx?jimare=256218