Continuous Decline In Dollar Prices.. Will Iraq Restore Balance To Its Economy?, 30 OCT

 Continuous Decline In Dollar Prices.. Will Iraq Restore Balance To Its Economy?

Economy  | 10/29/2024  Mawazine News – Economy  The US dollar exchange rates witnessed a decline on Monday in the markets of the capital Baghdad and in Erbil, the capital of the Kurdistan Region, with the opening of the country's main stock exchange.

The dollar prices decreased with the opening of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 150,750 dinars per 100 dollars, while yesterday, Sunday, it recorded 151,000 dinars per 100 dollars.

As for the selling prices in exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 151,750 dinars, while the purchase price reached 149,750 dinars per 100 dollars.

In Erbil, the dollar recorded a decline, as the selling price in exchange shops reached 150,700 dinars per 100 dollars, while the purchase price reached 150,600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=256218

TIDBITS FROM MILITIAMAN, 30 OCT

  Militia Man 

Iraq is losing billions per month

... Why aren't they pumping oil out of the Ceyhan?

  I think that's because they need to value the assets...which is oil coming out of the ground...

What is going to be the components of that 'base currency' they talk about. 

 What is the base currency they talk about?  

The Iraq dinar.  If it's going to be a base currency what's the real effective exchange rate.  And that's those budget tables in 2024.  That's what I'm looking for...I think we're going to see them in very short order.

You haven't seen the investment side of the 2024 budget.  That's where everybody should be paying attention. 

 If you own dinar you should be paying attention...They haven't exposed the 2024 investment side of the budget. 

 Why?  In my view it's exchange rate oriented... They need the exchange rate so they have the final accounts...

INTEL FROM A FRIEND THAT WORKS WITH THE TREASURY CONTRACTOR BY GOLDEN ERA ABOUT "DOUBLE DIPPING"

 

The Ministry Of Finance Issues A Directive To Withdraw The Hand Of The Director General Of The General Tax Authority, 30 OCT

 The Ministry Of Finance Issues A Directive To Withdraw The Hand Of The Director General Of The General Tax Authority

Buratha News Agency1392024-10-29  The Ministry of Finance issued a directive to withdraw the Director General of the General Tax Authority. This came after the Parliamentary Integrity Committee submitted a recommendation to the Prime Minister yesterday, Monday, to withdraw the Director General of the Tax Authority.

 The committee stated in a statement, “The Parliamentary Integrity Committee followed with great interest the audio file attributed to the Director General of the Tax Authority in which he talks about manipulation of tax records in exchange for bribes.”

The statement added, "Based on its role and keenness to achieve the values ​​of integrity and combat corruption, the committee addresses the Prime Minister to submit a recommendation to withdraw the Director General's hand until the investigations are completed and the validity of the registration is decided by the competent judicial authorities to ensure the integrity of the procedures and prevent any cases of manipulation in the future."

Yesterday, Monday, the Prime Minister ordered an investigation into an audio leak attributed to the Director General of Taxes.   https://burathanews.com/arabic/news/452162

IRAQ BOOTS ON THE GROUND REPORT BY FIREFLY, 30 OCT

 Frank26 

  [Iraq boots-on-the-ground report]  

FIREFLY: Mr. Sammy just said don't be surprised to see the notes being exchanged out early to mid-November.  

FRANK: So do I.  

FIREFLY:  Sammy says they have already started with the new exchange centers...Where they can return the three zero notes.  These centers are already open.  

FRANK:  Holy Shit!  I didn't know they were turning in their three zero notes!   Are they getting credit for those three zero notes to get lower notes? 

FIREFLY:  ...No...They did open all these centers in order for Iraqi citizens to bring in the worn and torn old three zero notes...they replaced them with newer ones.  And we're turning in our American dollars.  

FRANK:  They are preparing you Iraqi citizens to receive the lower notes...Call it a precursor.

DINARLAND UPDATE: " THEY ARE PREPARING FOR BEGIN THE PROCESS OF DELETE Z...

The President Of The Republic Calls For Enhancing Cooperation With The Countries Of The World In Order To Extradite Wanted Persons And Recover Iraq's Funds Abroad, 30 OCT

 The President Of The Republic Calls For Enhancing Cooperation With The Countries Of The World In Order To Extradite Wanted Persons And Recover Iraq's Funds Abroad

Tuesday 29 October 2024 12:59 | Economic Number of readings: 300  Baghdad / NINA / President of the Republic Abdul Latif Jamal Rashid called for enhancing cooperation and coordination with countries of the world in order to extradite wanted persons and recover Iraq's funds abroad.

A presidential statement stated that the President of the Republic received, today, Tuesday, at the Baghdad Palace, the Chairman of the Integrity Commission, Mohammed Ali Al-Lami.

According to the statement, Rashid congratulated the Chairman of the Commission on his assignment to the position, stressing that everyone expects effective and correct steps from the Commission to preserve public money through legal and constitutional procedures, adding that diagnosing the waste of public money is a noble national task that requires a serious and firm stance from all regulatory agencies and bodies, foremost of which is the Integrity Commission, calling for the adoption of integrated and comprehensive national plans and programs in which all official and societal activities have an active role. "

The President of the Republic called, according to the statement, to enhance cooperation and coordination with countries of the world in order to extradite wanted persons and recover Iraq's funds abroad."

For his part, Mohammed Al-Lami reviewed the Commission's future plans and programs, appreciating the support of His Excellency the President of the Republic for the Commission's work and its efforts to achieve transparency.

He stressed the importance of the Presidency of the Republic's support for the Integrity Commission in its efforts to combat the corrupt, recover Iraq's money, and preserve national wealth. / https://ninanews.com/Website/News/Details?key=1164949