Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control, 8 DEC

 Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control

 
    December 6 14:44   Information / Baghdad...  Economic affairs researcher Diaa Abdul Karim said on Friday that the  Iraqi parallel market sells the dollar to citizens at a price that is not subject to state control, pointing out that the  absence of control will create a crisis with any tension that the country may go through. Abdel Karim told Al-Maalouma,
 
“There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will generate a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”  

He added, "Most people heading to the parallel market want to obtain the dollar for
 
     urgent travel purposes, or to urgently
     purchase medicine from abroad, or for the purpose of
     purchasing cars from approved showrooms." He stated that  "the government can open a window in government banks that allows the citizen to obtain the dollar for the purpose of buying a car, or give him a check for the amount to be disbursed after signing the purchase contract officially and certified by the Traffic Department, in order to avoid the corruption that occurs in the buying and selling of the dollar."  
 
https://almaalomah.me/news/84633/economy/اقتصادي:-السوق-الموازي-يبيع-الدولار-بسعر-غير-خاضع-لسيطرة-الح   

MILITIAMAN: " THE FISCAL YEAR OF THE GOVERNMENT BANK ENDS AT THE END OF DECEMBER OF EACH YEAR" , 8 DEC

 Militia Man  

 Article quote:   "The fiscal year of government banks in Iraq ends the end of December each year where some financial operations are temporarily suspended to conduct annual settlements and close accounts."

  Those that think Iraq is on a different system and different time frames for their end of year...those that were saying April or March are wrong.  

Fiscal year of the government bank ends at the end of December each year.

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Completed @DINARREVALUATION #iraq

 

Prime Minister Issues Directives On The Occasion Of The Great Victory Day Over ISIS Gangs, 8 DEC

Prime Minister Issues Directives On The Occasion Of The Great Victory Day Over ISIS Gangs

Last update 2024-12-07

Prime Minister Mohammed Shia al-Sudani issued several directives today, Saturday, on the occasion of the Great Victory Day over ISIS gangs.

The directives obtained by the Iraqi News Agency (INA) included the following:

- Directing the Ministries of Education in Baghdad, the governorates, and the Kurdistan Region, especially in the liberated areas, to make Thursday, December 12, 2024, the central celebration day for students in schools and universities, and to allocate the first hour to raising the Iraqi flag and giving speeches in celebration of the great victory day and the liberation of the governorates from the terrorist ISIS gangs:

 - Directing the security forces in all governorates to work on carrying out popular events and decorations to celebrate the seventh anniversary of the Great Victory Day in all sectors, governorates, districts and sub-districts for the period from December 8, 2024 to December 12, 2024.

- Directing ministries and security agencies to hold events on the seventh anniversary of the great victory over the terrorist organization ISIS after the central celebration.

 - Directing unions, associations and civil society organizations to celebrate the seventh anniversary of the Great Victory Day over the terrorist organization ISIS for the period from December 8, 2024 to December 12, 2024.

- Directing the necessity of completing all the dues of the families of martyrs and the wounded, considering it a basic principle of the ministerial program of the Iraqi government.

- Directing the Baghdad Municipality and municipal directorates to open parks to celebrate the Great Victory Day.

- Directive to suspend official working hours on Tuesday, December 10, 2024, in all ministries and government institutions, in celebration of Victory Day.

 - Launching a competition for an artistic statue that embodies the Great Victory Day in Iraq, and publishing flyers and a major advertising campaign to commemorate this great event.

 - Publishing flyers and a major advertising campaign to commemorate this great event.

MESSAGE FROM JON DOWLING, 8 DEC

 JON DOWLING

Hi everyone,

Apparently, one of our brotherhood channels misunderstood what we weee saying in regards to Iraq’s HCL Oil &Gas law that was approved and passed in parliament . 

We were not guaranteeing or saying it would go into the gazette. What we were conveying is that it’s ready to go to the gazette to be published. 

Whether that means tomorrow or Sunday is anyone’s guess, but historically they have published Iran’s on a Saturday and they get confirmed on a Sunday, so we’ll see how it all plays out, but the point is it’s coming very soon. Be encouraged everyone! 

@JonDowling

TNT INTEL UPDATE: The Iraqi dinar is being paid at $3.49 right now!! @DI...

Trade Ministry: Syrian Crisis Will Not Impact Iraq’s Economy or Food Security, 7 DEC

Trade Ministry: Syrian Crisis Will Not Impact Iraq’s Economy or Food Security

Baghdad – INA
 
Ministry of Trade affirmed on Saturday that the ongoing crisis in Syria will not affect Iraq’s economy or its food security, citing robust measures to ensure the availability of essential goods and commodities.
 
Speaking to the Iraqi News Agency (INA), ministry spokesperson Muhammad Hanoun said, “From its inception, the government has prioritized ensuring food security for citizens by relying on large-scale imports of essential food basket items and marketing significant quantities of domestically produced wheat.”
He noted that Iraq has achieved record production levels, with wheat output reaching 6.3 million tons and a reserve stockpile of 3 million tons. Additionally, substantial quantities of food basket items remain in supply.
 
Hanoun added, “To bolster local markets, a plan was implemented to diversify food imports from neighboring countries.”
He stressed that, despite the Syrian crisis, Iraq’s markets are experiencing significant stability in food supply, with no shortages. “Food commodities required by citizens are entering the country from various sources smoothly and without disruption,” he stated .
 
The ministry’s efforts include ongoing initiatives to secure food supplies. Hanoun revealed, “Among the government’s measures is the opening of a hypermarket in Al-Bayaa district, with plans to launch six additional centers soon to provide citizens with food items at competitive prices.”
 
He further assured, “The Syrian crisis will not impact Iraq’s economy or food security. Iraq remains unaffected by Syrian-produced foodstuffs due to its reliance on diverse sources of food imports.”
 
The Ministry of Trade’s proactive strategies underscore Iraq’s resilience in mitigating external challenges and safeguarding food security for its citizens.