confirmed by asking a friend in the currency exchange company next to him
“ we received a letter to give the salaries to the beneficiaries…. Yet no money was sent so far”
I believe they will pay them after midnight
-----
ABU SNWE
Adding to this, an hour ago I was talking to one of my Iraqi followers
He told me that the dollar had disappeared.
We now have high prices
No one sells the dollar.
This means
There are two possibilities and no third
The first possibility
The second possibility
ERBIL — The International Development Bank (IDB) announced on Saturday that it has started processing the salaries of Kurdistan Regional Government (KRG) employees under the “My Account” project, a government initiative aimed at modernizing banking and promoting economic development in the Region.
In a statement, the IDB said it operates 33 branches across Iraq, including two in Erbil and one each in Sulaymaniyah and Duhok. The bank also provides ATM services covering all Kurdistan Region provinces, offering employees access to a range of banking services.
“Our services include personal loans, small enterprise financing, and internationally accepted bank cards at official Central Bank of Iraq rates. We also provide various digital banking services, such as mobile applications,” an IDB representative said.
The “My Account” project, launched by the KRG’s Ninth Cabinet, aims to integrate advanced banking systems into public services and support the region’s transition to e-governance. Participating banks include World Bank, RT Bank, Bank of Baghdad, Islamic Bank of Iraq, National Bank of Iraq, TBI, BBAC Bank, and IDB.
The KRG ministry of finance reported that nearly 700,000 employees have registered for the program, gaining access to financial services provided by the partner banks.
The initiative is part of broader efforts to modernize the banking sector in the Kurdistan Region and streamline government services, ensuring employees have easy and secure access to their salaries and banking options.
Adding to this, an hour ago I was talking to one of my Iraqi followers
He told me that the dollar had disappeared.
We now have high prices
No one sells the dollar.
This means
There are two possibilities and no third
The first possibility
The second possibility
We wait and see.
FRANK26: "IQD WANTS A RELATIONSHIP WITH THE USD... WITHOUT THE AUCTIONS."....F26
Al-Sudani: We have contact with Trump's team and they want to develop relations with us
11/28/2024
Baghdad / NINA / Prime Minister Mohammed Shia al-Sudani stressed: "Iraq's relations with the United States are institutional according to the strategic framework agreement." Al-Sudani said in an interview with the Spanish newspaper El Mundo: "We have communication with Trump's team and they want to develop relations with us." Regarding Iraq's relations with Spain, he explained: "We are facing a distinguished stage in relations with Spain and there is a mutual desire to develop and advance them in all fields," adding: "Spain is part of the international coalition that helped us eliminate the terrorist ISIS, and based on our request, the mission of the international coalition will end within two years due to the lack of justification for its existence.
"
He said: "There are Spanish companies in Iraq, especially in the railway and transportation sector, and we are keen to have more companies for their efficiency and experience in implementing projects. We will sign several memoranda of understanding with Spain and there is a financial ceiling of 200 million euros to one billion euros to cover projects implemented by the Iraqi and Spanish private sectors."
He pointed out that a railway project worth 250 million dollars was referred to a Spanish company, and negotiations are underway with another Spanish company on a high-speed train project between the governorates of Najaf and Karbala.
Regarding the situation in Iraq, Al-Sudani said: "The capabilities of our security services have reached an advanced stage and there is political stability that has been reflected in the general situation of the country."
Regarding the ceasefire in Lebanon, the Prime Minister described the agreement as an important event, expressing his hope that it will include the Gaza Strip to reflect on the stability of the region.
He continued: "Our laws stipulate non-recognition of the Zionist entity, and the Palestinians are the owners of the land and the cause, and they are the ones who decide the formula for the solution to their cause."
💱 Higher Exchange Rates: Redemption centers may provide better rates than traditional banks.
📈 Exclusive Contracts: Investors might access special contract rates for currency exchange.
🌍 Forex Inclusion: Listing the dinar on the Forex market could boost global visibility and liquidity.
💼 Foreign Investment: Integration into the global financial system would attract investment and create jobs.
⚠️ Caution Advised: Investors should be wary of scams and verify redemption centers’ legitimacy.
🌟 Future Outlook: Government initiatives signal a commitment to economic stability and improved citizens’ quality of life.
Key Insights
📊 Economic Reforms: The potential passage of the personal status and hydrocarbon laws indicates significant progress in Iraq’s economic reform agenda, crucial for the dinar’s value.
💰 Redemption Centers: These facilities may revolutionize currency exchange for dinar holders, providing personalized services and potentially favorable rates.
🌐 Forex Market Impact: Inclusion in the Forex market would elevate the dinar’s status, making it more attractive to international traders and investors.
📈 Increased Liquidity: Being part of the global financial system would enhance the dinar’s liquidity, facilitating easier trading and investment opportunities.
🚧 Risk Awareness: Currency holders must remain vigilant against scams and conduct thorough research before engaging with redemption centers.
🌱 Economic Growth Potential: The government’s focus on rebuilding financial systems signals a positive trajectory for Iraq’s economy and its citizens.
🏆 Historic Moment: Current developments represent a pivotal time for dinar investors, requiring strategic planning to maximize potential rewards.
I believe they will pay them after midnight
