Iraq Announces Great Strides In Digital Transformation, 26 DEC

 Iraq Announces Great Strides In Digital Transformation

Money and business     Economy News – Baghdad  The Ministry of Finance announced today, Tuesday, that it has made great strides in digital transformation and electronic payment, while indicating that progress has been made in the field of automating customs procedures to ensure financial sustainability and economic diversification.

The representative of the Minister of Finance/Undersecretary of the Ministry, Rebaz Mohammed Hamdan, said in her speech during the fourth annual international scientific conference, entitled (Digital Financial Services - Challenges of Reality and Foresight of the Future), that “our conference today comes within the government’s efforts to implement the government program, as digital financial services have witnessed rapid development in recent years, and modern technology has contributed to accelerating the financial process.”

He added that "the ministry has made great strides in digital transformation, including financial transfers, electronic payments, online loans and mobile banking services, which has increased the efficiency of accelerating financial transactions, reduced the need for cash transactions and provided services to people who cannot access traditional banking services," noting that "innovation and development in this field have been enhanced and ways of cooperation between relevant parties in the field of financial technology have been discussed, and the most prominent solutions related to cybersecurity and future risks in this sector have been reviewed and how to take precautions against these risks."

 He added that "the ministry has made progress in the field of automating customs procedures to ensure financial sustainability and economic diversification in accordance with the principle of integrity, transparency, and combating corruption, and implementing programmes at the Financial and Accounting Training Centre to train employees on the use of new digital systems with the aim of enhancing digital skills in the ministry, improving financial performance, and enhancing confidence in the financial system."  65 views  12/24/2024 - https://economy-news.net/content.php?id=51236

TIDBIT FROM MARKZ, 25 DEC

 MarkZ

   [via PDK]   Article:  “Al Alaq announces the start of an era of digital transformation in Iraqi Banks” 

 This is all part of their white papers...economic reforms. 

Al Alaq saying how successful it is and the final portion of those white papers or the monetary reform is total independence for Iraq and a stronger purchasing power of the Iraqi dinar... AKA a reinstatement or a revaluation.

FRANK26: " They're telling the citizens they're going to add value to their currency" #iqd

 

For The Third Day.. The Dollar Continues To Rise Against The Iraqi Dinar, 26 DEC

 For The Third Day.. The Dollar Continues To Rise Against The Iraqi Dinar

Tuesday, 12-24-2024,  Karar Al-Asadi   The US dollar exchange rate continues to rise for the third consecutive day against the Iraqi dinar, with the opening of the markets this morning, Tuesday.

The dollar price recorded a slight increase with the opening of the Al-Kifah and Al-Harithiya stock exchanges, reaching 151,200 dinars for every 100 dollars, while yesterday morning, Monday, it recorded 151,000 dinars for every 100 dollars.

The dollar prices rose in exchange shops in local markets in Baghdad, where the selling price reached 152,250 dinars, while the purchase price reached 150,250 dinars for every 100 dollars. https://non14.net/public/173154

MAJEED UPDATE, 26 DEC

 MAJEED

If Forex opens today The rate should come up today 5 PM EST

Because Iraq already deployed digital payment with instant payment and banking cards plus a unified payment gateways

That means Iraq already

Which could also mean Iraq already sent a letter to Forex a few days ago

And today Forex should show up the rate when the trading session opens at 5 PM

So Iraq can pay their citizens Thursday morning

Remember 5 PM EST today, Wednesday means it is 1 AM in the Middle East

Thursday morning

MARKZ: In Iraq we had $3.47 popping up on the forex sites.. @DINARREVALUATION #iraqidinar

 

Dollar Prices Rise In Baghdad And Erbil With Stock Exchanges Closed, 25 DEC

 Dollar Prices Rise In Baghdad And Erbil With Stock Exchanges Closed

Economy  | 05:00 - 12/24/2024   Mawazine News – Economy  The markets of the Iraqi capital, Baghdad, and Erbil, the capital of the Kurdistan Region, witnessed a rise in the dollar exchange rates with the closing of the stock exchanges on Tuesday evening. The

dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 151,400 dinars for every 100 dollars, after it had recorded 151,200 dinars this morning.

Selling prices also rose in the local markets in Baghdad, where the selling price reached 152,500 dinars, while the purchase price reached 150,500 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, where the selling price reached 151,400 dinars for every 100 dollars, while the purchase price reached 151,300 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257837