Saturday, December 7, 2024
Iraqi and Kurdistan trade officials discuss strategies for industry development, 7 DEC
Iraqi and Kurdistan trade officials discuss strategies for industry development
Shafaq News/ On Saturday, a delegation of key officials from the Kurdistan Region's Chambers of Commerce visited the Iraqi Industries Union in Baghdad to discuss enhancing the industrial sector in the Kurdistan Region.
According to Shafaq News' correspondent, the purpose of the visit was to discuss strategies for developing the industrial sector in Kurdistan Region and securing access to federal government privileges, similar to those available to other cities in Iraq.
During the visit, the delegation engaged in a series of meetings formed multiple committees—legal, technical, and financial—and held discussions with the Iraqi Industries Union. Several key topics related to the development of the industrial sector were addressed.
MNT GOAT: Why does Al-Alaq and other economists, want to keep reminding us this is coming to the Iraqi dinar currency too?, 7 DEC
MNT GOAT
How many times must the CBI tells us this same news?
Again, in this dialogue Al-Alaq says that countries remove zeros from their currency to revalue their national currency and simplify financial transactions.
This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.
Why are the telling the citizens this same news again?
Didn’t we also hear this news from many of the economic experts in the recent past.
So here it is again.
Why does Al-Alaq and other economists, want to keep reminding us this is coming to the Iraqi dinar currency too?
Warning against the consequences of canceling the dollar selling platform in Iraq.. The green currency is hostage to Jordan and the Gulf States, 7 dec
Warning against the consequences of canceling the dollar selling platform in Iraq.. The green currency is hostage to Jordan and the Gulf States
financial and economic affairs professional Mustafa Akram Hantoush warned Thursday (December 5, 2024), of the results of canceling the greenback promoting platform to traders throughout the next stage, in line with what became announced with the aid of the primary bank of Iraq.
Hantoush, a journalist, said, “The primary financial institution of Iraq ought to realize thoroughly that the fall apart of the Iraqi banking device and the punishment of (32) Iraqi banks without a clear charge over a period of a yr and a 1/2 isn’t regular, and from the attitude of banking work, this could be the first incident in the international of this kind.”
He introduced, “The worst factor is the lack of significant solutions from the primary financial institution of Iraq to this example, however alternatively the flow in the direction of cancelling the (fitr) platform with the aid of the quit of 2024 and handing over the greenback document to banks affiliated with overseas traders and banks (Jordanian and Gulf), which offers the impression that this be counted became deliberate from the beginning.”
He persevered, “The failure of the vital financial institution of Iraq to find solutions for the Iraqi banking sector will fire the mercy bullet at the entire Iraqi banking gadget and it will become punished as a whole, for you to lay off nearly a hundred,000 people within the Iraqi private banking quarter in prefer of Jordan and the Gulf nations,” noting that “within the absence of banking opposition, the stability of the alternate price becomes tough because of the monopoly of the dollar by means of sure banks and might result in new fluctuations within the trade price.”
Hantoush questioned: “Why is the paintings of the (Fitr) platform no longer being prolonged in coordination with the new US administration? additionally, why are Iraqi banks now not guaranteed to open an account for themselves in correspondent banks in bucks (Citibank/JP Morgan) as the nations of the location have executed?”
He pointed out that “the unexpected thing is that, till now, the mechanism for cooperation and auditing with Ernst & younger has no longer been decided or introduced concerning transfers in currencies aside from the dollar (euro – yuan – lira – dirham), nor have the outcomes of the settlement and agreement with Oliver Wyman concerning the (32) sanctioned banks and what their destiny might be have no longer been announced. this means that the banking situation in Iraq is going through many foremost crises, and the dollar may be difficult to control in the parallel marketplace.”
MELANIA HINDS CC HIGHLIGHTS NOTES, 7 DEC
MELANIA HINDS CC HIGHLIGHTS NOTES
Summary
Exciting news about the Iraqi Dinar! The Central Bank’s restructuring project is advancing, and a new law has been passed, allowing Iraq to go international.
Highlights
- 🚀 Exciting developments in the Iraqi Dinar market!
- 📧 Confusion over email communications resolved.
- 📜 New law passed, enabling Iraq to go international.
- 🌌 Mercury retrograde causing some mix-ups.
- 🎉 Live streams planned to celebrate progress.
- 💻 Insight on digital currencies to be shared soon.
Key Insights
- 🌍 The recent law passed by the Iraqi Parliament is a significant step toward Iraq’s international economic integration, which could enhance foreign investments and trade opportunities.
- 📊 The Central Bank of Iraq is making strides in its restructuring project, indicating a commitment to stabilizing and modernizing the national economy.
- 📅 The timing of the law’s announcement coincides with a strategic push for economic reforms, highlighting the government’s proactive approach in a challenging financial environment.
- 🛰️ The engagement with the community through live streams reflects a growing interest and investment in the Iraqi Dinar, fostering a sense of unity and excitement among supporters.
- 🔎 The mention of Mercury retrograde adds an interesting layer to the narrative, suggesting that planetary movements might influence events, which resonates with many in the spiritual community.
- 🧠 Education on digital currencies signifies a shift towards modernization and adaptation in financial practices, which is crucial for Iraq’s economic future.
- 💖 The gratitude expressed for community intel underscores the importance of shared knowledge and support in navigating complex financial landscapes.
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