Prime Minister’s Advisor: National development plans depend on census results, 21 NOV

 Prime Minister’s Advisor: National development plans depend on census results

Economy News _ Baghdad

The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Wednesday that the census data will guide government investments to improve infrastructure and services, while pointing out that national development plans will depend on the census results.

“The census is an essential strategic tool for achieving sustainable economic growth in Iraq,” Prime Minister Mazhar Mohammed Saleh, an interview with the Iraqi News Agency, which was followed by “Economy News.”

He stressed that “the data resulting from this census will contribute to improving government administration, enhancing levels of governance, as well as supporting investment and increasing the efficiency of the use of resources to achieve comprehensive economic development.”

Saleh pointed out that “the comprehensive population census offers many fundamental axes that contribute to achieving these goals, most notably:

1. The census helps to identify areas suffering from a lack of services and infrastructure, which directs government investments to improve these sectors, as these investments include water services, roads, electricity, schools, hospitals, and banks.

2. The census provides a detailed database for drawing up effective housing policies.

3. Through detailed data on the workforce, the government can develop policies to support employment, train workers, and stimulate productive sectors to serve the national economy.

4. The comprehensive population census allows it to collect accurate information about the number of the population, their geographical distribution, age groups, and educational level, in addition to its contribution to helping the government and the private sector to better plan and determine economic priorities and optimal policies within national development plans, especially the development plan 2024-2028.

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https://economy-news.net/content.php?id=50037

DINAR REVALUATION IRAQ NEWS UPDATE,: AN ARTICLE DISCUSSES THE POTENTIAL FOR IRAQI DINAR REVALUATION 21 NOV

 DINAR REVALUATION IRAQ NEWS UPDATE

Summary

A hopeful article discusses the potential for Iraqi dinar revaluation, highlighting the significance of the term and its implications for the economy.

Highlights

• 💡 The concept of “deleting zeros” is explained in connection with revaluation.
• 📈 Revaluation indicates an upward adjustment of currency value.
• 📊 Iraq uses a fixed exchange rate system, limiting speculation.
• 💰 Revaluation is the opposite of devaluation, enhancing currency value.
• 🔄 Exchange rates can fluctuate, affecting foreign assets.
• 🌍 The term “revaluation” is rarely used in Arabic articles, making this notable.

Key Insights

• 📜 The article represents a rare acknowledgment of currency revaluation in Arabic media, indicating a shift in economic discourse. This could signal a potential change in policy.
• 🔍 The discussion around deleting zeros relates to restoring confidence in the dinar, which has faced significant devaluation in the past, impacting the economy and investments.
• 🏦 A fixed exchange rate system, like Iraq’s, aims to stabilize the economy but can limit flexibility in responding to market changes. Understanding this balance is crucial for investors.
• 🔄 The concept of revaluation suggests that the dinar could gain strength against the dollar, which would be beneficial for the Iraqi economy and asset holders.
• 📈 The implications of revaluation on foreign assets highlight the interconnectedness of global economies and the importance of currency value adjustments.
• 📰 The excitement over the article reflects a broader hope among investors and citizens for economic recovery and stability in Iraq’s financial landscape.
• 🌟 Overall, the use of the term “revaluation” in discussions around the dinar represents a hopeful outlook on Iraq’s economic future, with potential for positive changes ahead.

MILITIAMAN: MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Just...

"HCL BEING PREPARED!!!" BY FRANK26, 21 NOV

 KTFA

Frank26:  "HCL BEING PREPARED!!!"........F26

FRANK26: Trade Bank of Iraq opens an office inside the SOMO oil company building

11/17/2024  Baghdad - INA

Today, Sunday, the Trade Bank of Iraq (  TBI ) announced the opening of an office inside the SOMO oil company building.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."

He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."

He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."

LINK

Ariel (@Prolotario1): Financial Implications of Iraq’s Inflation Rate, 21 NOV

 Ariel

@Prolotario1

You all need to understand the financial implications of this inflation rate. This is not conjecture or some wild off beat theory. Iraq literally can not afford to come out below 10.

Because the Central Bank of Iraq (CBI) has implemented measures to stabilize the currency, including securing approval from the U.S. Federal Reserve to supply dollar cash in 2024.

However, of course those efforts have not fully mitigated inflationary trends.

Imagine having 1-5 million in IQD and you wake up with an extra 13 million to 65 million.

Source(s):
https://x.com/Prolotario1/status/1859381082023395731

MAJEED: IRAQ NEEDS A STRONG IRAQI DINAR VALUE TO REBUILD THE COUNTRY : $13 IQD PER 1 USD

 

@DINARREVALUATION YOUTUBE CHANNEL

Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion, 21 NOV

  Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion

11/20/2024

 London

The Executive Director of the Iraqi Development Fund, Mohammed Al-Najjar, said on Wednesday that the fund has six goals, one of which is to mobilize the savings of the Iraqi people.

Al-Najjar said during a dialogue seminar organized by the Chatham House Research Center in Britain and attended by the Al-Eqtisad News correspondent, that "the Iraqi government has begun to reform many economic laws that would regulate the lives of citizens and preserve their rights."

He added that "the Iraqi Development Fund has six goals, including mobilizing the private savings of the Iraqi people, estimated at 60-70 billion dollars."

He explained that "the development road is considered one of the most important strategic projects for Iraq, and several countries will participate in it, and it will shorten the time for transporting goods by 15 days."

Al-Najjar continued that "women in Iraq wear gold worth 18 billion dollars," noting that "Iraq needs 8,000 schools, so the Iraqi Development Fund has granted land to build schools."  LINK