DINAR REVALUATION

Monday, December 16, 2024

DINAR REVALUATION REPORT: IRAQ PASSES CONSTITUTIONAL LAW FOR AN INTERNATIONAL DINAR, 16 DEC

DINAR REVALUATION REPORT: IRAQ PASSES CONSTITUTIONAL LAW FOR AN INTERNATIONAL DINAR

Summary

Iraq has passed a constitutional law for the internationalization of the Iraqi Dinar and appointed new banks for currency exchange, signaling a digital transformation.

Highlights

🚨 Iraq passes constitutional law for international Dinar.
🌐 New banking regulations align with global digital standards.
💼 Tier 1 banks preparing for currency exchanges.
📈 Digital payment regulations foster foreign investments.
🏦 CBI controls the Iraqi Dinar currency value.
🔗 Digital payment systems enhance financial transparency.
📅 The law is part of Iraq’s economic reforms for international readiness.

Key Insights

📜 Constitutional Law Passed: Iraq’s new law signifies a commitment to transitioning the Dinar to international status, critical for future economic growth.
🌍 Global Standards Alignment: The digital payment regulations align Iraq’s financial system with international practices, enhancing its attractiveness to foreign investors.
🏦 Tier 1 Banks Involvement: Major banks, including JP Morgan and City Bank, are preparing for currency exchanges, indicating a robust financial infrastructure.
💳 Digital Transformation: The laws facilitate the digitization of currency transactions, essential for Iraq’s integration into the global economy.
🔒 Consumer Protection: New regulations protect consumers in digital transactions, ensuring a safer financial environment for all citizens.
📈 Economic Resilience: The digital payment initiatives hint at a more resilient economic future for Iraq, promoting innovation and efficiency.
🚀 Future of Currency: As the banking system transitions to digital, the Iraqi Dinar is poised to gain international recognition, enhancing its value.

REINALDO JC:THE BLUEPRINT OF DR. SHABIBI IS THE END OF THE CURRENCY AUCTIONS @DINARREVALUATION #iqd

The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation, 16 DEC

The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation

Mawazine News – Baghdad

The Securities Commission announced on Sunday the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.

The Vice Chairman of the Securities Commission, Ngham Hussein Ismail, told the official agency: “On the basis of joint cooperation between government institutions, and given the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties to contribute to achieving the sustainable development goals in the banking sector, a memorandum of understanding was signed between the two parties.”

She added that “the signing of the agreement came to enhance cooperation between the two parties in the field of information on shareholders, and benefit from the electronic window of the shareholders’ system approved by the Iraq Stock Exchange.” / It’s over

https://www.mawazin.net/Details.aspx?jimare=257487

BROTHERS TECHNOLOGY: ." THE RATE IS REALLY ABOUT TO CHANGE" , 16 DEC

BROTHERS TECHNOLOGY

I know a lot you’ll just like and don’t read. However if you’ll was to have read the previous article you would’ve been able to prove to yourself the rate is really about to change, which is why I said for the first time I’m on high alert However I love all you’ll………

Read the paragraph slowly and get excited.

MARKZ: MY IRAQIS CONTACTS RECEIVED : they have a lot more money than they had and are in Silence!!!

Ministry of Finance: Launching the salaries of employees of the Kurdistan Region for the month of November, 16 DEC

Ministry of Finance: Launching the salaries of employees of the Kurdistan Region for the month of November

Economy News – Baghdad

The Ministry of Finance announced on Sunday the release of the salaries of employees of the Kurdistan Region for the month of November.

The ministry said in a statement, seen by “Economy News”, that “the Minister of Finance, Taif Sami Mohammed, received a delegation from the Kurdistan Regional Government headed by the Minister of Finance, Awat Janab Nouri, Omid Sabah, the President of the Council’s Court, Amang Rahim, Secretary of the Council, Fares Issa, Head of the Regional Representation, Abdul Hakim Khosrow from the Follow-up and Coordination Department, Rabaz Abbas Mahmoud, Advisor to the Ministry of Finance, Kofan Tahseen, Director General of Accounting, Abu Bakr Abdullah, Director General of Budget, Maryam Othman, Director General of Retirement, and Abdullah Ramadan known as a financial expert. In order to discuss the salaries of employees and retirees of the region.”

She added that “the meeting witnessed the agreement to send a technical delegation from the Accounting Department of the Federal Ministry of Finance to the Ministry of Finance in the regional government in order to help them amend the monthly audit balances related to salary and retirement disbursements in accordance with the Generalization of the Accounting Department No. (2421) on 30/1/2024.”

She pointed out that “based on the directives of the Prime Minister, the Accounting Department has taken what is necessary to launch the salaries of the region’s employees for the month of November, starting from today’s date, provided that the rest of the treatments and observations are completed in coordination with the ministerial team.”

She added that “the agreement included making the necessary transfers to address the financial excesses associated with retirees’ receivables. Amounting to (430) billion dinars, based on the provisions of Articles (5/I) and (77/I) of the Federal General Budget Law No. (13) for the years (2023, 2024 and 2025), and based on the directives of the Prime Minister, the rest of the observations are addressed in coordination with the technical ministerial team within ten days, starting today, December 15. In addition to reviewing the work of the committee formed under Diwani Order No. 24660, which requires the presence of representatives of the region to the said committee.

The agreement obliged, according to the statement, the region to “disburse the salary dues for the month of October financed by the Accounting Department, and to continue discussions and follow-up with the Committee of Diwani Order No. 24660, to study the issue of the inclusion of retirees of the region in the State Employees’ Retirement Law of 2019.”