DINAR REVALUATION

Saturday, November 2, 2024

Economy News – Baghdad

The Iraq Stock Exchange announced on Thursday the dismissal of the market’s CEO, Taha Ahmed Abdul Salam, from his position.

The market said in a statement, seen by “Al-Eqtisad News”, that the market’s CEO, Taha Ahmed Abdul Salam, was dismissed from his position today, Thursday.

It added that “the head of the Securities Commission, Faisal Al-Haimus, was also chosen to replace Abdul Salam.”

Added 10/31/2024 – 10:24 PM

https://economy-news.net/content.php?id=49364

TIDBIT FROM BEARDED PATRIOT, 2 NOV

BEARDED PATRIOT

Well…..rv pushed back after election! Notice NO SPECIFIC DATE GIVEN….duh!

Plus the new scenario of Iranian militia threatening to attack Israel once again giving ANOTHER REASON just to keep putting our blessings back and stalled ONCE AGAIN!

NADER FROM MID EAST:THE SPIKE ON FOREX: THE IQD LOST it's zero and it's .0014 instead of .0076

On an unannounced visit. Sudanese arrives in Istanbul to meet Erdogan, 2 NOV

On an unannounced visit. Sudanese arrives in Istanbul to meet Erdogan

Prime Minister Mohammed Shia Al-Sudani arrived in Istanbul, Turkey.

The media office of the prime minister said that {Euphrates News} received a copy of it that the Sudanese arrived in Istanbul “to meet Turkish President Recep Tayyip Erdogan.”

The Prime Minister’s Office had not previously announced the visit.

https://alforatnews.iq/news/السوداني-يصل-الى-أنقرة-للقاء%C2%A0اردروغان

Central Bank announces progress in the procedures of controlling the dollar, 13 NOV

Central Bank announces progress in the procedures of controlling the dollar

Economy News – Baghdad

The Central Bank of Iraq announced progress in the procedures for controlling foreign transfers and sales of the cash dollar and providing protection for the banking and financial sector from the risks of money laundering operations, following the ongoing talks of the Central Bank of Iraq with the Federal Bank and the US Treasury Department.

“The ongoing quarterly meetings with the Federal Bank and the US Treasury Department within the framework of organizing operations and coordination between the two sides, who have close relations, led to agreement on procedures and formulas that are commensurate with best practices and international standards, the latest of which was the plan to regulate external transfers by rebuilding them according to new standards and methods.”

Al-Alak added that “Iraq has made 95% progress with regard to the procedures for controlling foreign transfers and sales of the cash dollar and providing protection for the banking and financial sector from the risks of money laundering operations.”

The Iraqi government through the Central Bank of Iraq has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on some private banks operating in Iraq.

Added 2024/11/12 – 8:52 PM

https://economy-news.net/content.php?id=49759

TIDBIT FROM FIREFLY, 2 NOV

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning.

FRANK: Why? Because of the float. You have to have a new exchange rate if you're going to float it.