Al-Sudani stresses the importance of raising the level of quality control to preserve public money, 5 JAN

 Al-Sudani stresses the importance of raising the level of quality control to preserve public money

1/4/2025  Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed today, Saturday, the necessity of working to address the observations and raise the level of quality of oversight; in order to preserve public money.

The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received the head of the Financial Supervision Bureau, Ammar Sobhi Khalaf, and the meeting witnessed discussions on the contents of the Bureau's reports on the performance of the various state agencies, and ways to enhance them."

  Al-Sudani stressed the "necessity of working to address the comments and raise the level of quality of oversight, in order to preserve public money."

During the meeting, the Audit Bureau’s reports were reviewed, particularly reports related to the performance of ministries and entities not affiliated with a ministry.  LINK

MAJEED: The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation happens, 5 JAN

 MAJEED

 The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation happens! … to manage liquidity for the currency after being on Forex like India and Egypt. 

“The Authority emphasizes its efforts to regulate the market, enhance transparency, and foster public and private sector participation. The event marks the beginning of a promising year for the Iraqi stock market.”

 All that happening on Tues. 7 Jan. 2025. 

And no, they do not have to wait for the stock market to open because Forex is an international market that does not depend on the stock market of the country to be open. They already adjusted the payroll and they will start paying the salaries on Sun. 5 Jan. 2025 based on the new rate.

 If people getting less money without knowing that rate has changed inside the country, they will go insane, so the government will announce.

MAJEED: The CBI will be back on Tues. 7 Jan. 2025 after the reevaluation happens @DINARREVALUATION

 

New holiday for all Iraqis, 5 JAN

 New holiday for all Iraqis

1/3/2025

Sumerian News - Local
witnesses next week vacation Official next Monday on the occasion of memory establishment Army Iraqi Al-Basel, according to the Official Holidays Law No. 12 of 2024.

It will be on Monday, January 6th. vacation Official for all Iraqis On the occasion of the 104th anniversary of the founding of Army Iraqi The brave.   LINK

TIDBIT FROM FRANK26, 5 JAN

 Frank26 

  The fact they are about to [or have] stop [stopped] the auctions means it has to be replaced with a new exchange rate to add value to your currency.

  If all of these things are true from Sudani...then another thing is true IMO, the lower notes they're going to give you are now in position, ready, loaded to go, ready to be given to [the Iraqi citizens].

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

 

FRANK26: "KTFA STUDENTS... BEHOLD WHAT WE HAVE TAUGHT", 5 JAN

 KTAF

FRANK26: "KTFA STUDENTS... BEHOLD WHAT WE HAVE TAUGHT".......F26 

Al-Saadi: Closing the dollar selling platform will not affect its prices

1/2/2025

 

Information / Anbar..

Economic expert Rashid Al-Saadi confirmed today, Thursday, that stopping the work of the electronic platform for selling the dollar does not affect the rise in the price of the US currency, noting that the decision came as a result of pressure from the US Federal Reserve and internal parties.

Al-Saadi said in a statement to the Al-Maalouma Agency, “The platform was a form of control imposed by the US Federal Reserve, and its cancellation allows Iraq to return to the banking system that was in effect before 2003, where the merchant relied on the correspondent bank without the need for this system imposed by America.”

He added that "the Central Bank of Iraq has started a plan to deal with a basket of foreign currencies to compensate for the dollar and open up to foreign banks, with the aim of reducing dependence on the US dollar," stressing that "closing the platform did not significantly affect the rise in the dollar price as some media outlets promoted.”

He pointed out that "the Central Bank allowed 36 banks to deal with other foreign currencies, including those covered by US sanctions, to mitigate the damage caused by reliance on the dollar."

LINK