Official Holiday Monday on the occasion memory founding Army Iraqi Al-Basel according to the Official Holidays Law No. 12 of 2024.
It will be Monday, the sixth of January Holiday Formal for all Iraqis On the occasion of the fourth anniversary after the hundredth of Tassis Army Iraqi Basil.
Al-Sudani: The Development Road Project will enhance Iraq's power in the region
1/5/2025 Baghdad
Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the development road project will enhance Iraq's strength in the region, politically and economically.
During his reception of the Director of the Iraqi Institute for Dialogue, Abbas Radhi Al-Amiri, according to a statement from his office received by "Al-Eqtisad News", Al-Sudani was briefed on the work of the organizing committee for the Seventh Baghdad International Dialogue, whose activities will start on February 22-23, 2025 under the slogan "The Path to Iraqi Development... Alliance of Interests and Geopolitical Stakes",
noting that choosing this topic falls within the great Iraqi interest in the project, which gives the country a pivotal role in the regional system as an important point of communication between the East and the West.
According to the statement, Al-Sudani expressed his "sponsorship of this annual international gathering hosted by the capital, Baghdad, which hosts an elite group of the most important decision-makers in the region and the world." LINK
Retirees in Iraq … some of them received their salary less than before…. And some found they have more money than their usual salary
This is the first time happening in Iraq It’s about to go down
MARAM
I am in Iraq. A pensioner's salary has been launched. There are many people who say that the salary has increased, and there are also those who say that it has decreased.
Economist: New steps by the Central Bank regarding dollar transactions
1/5/2025
Information / Baghdad..
Economic expert Safwan Qusay revealed today, Sunday, that there are new steps by the Central Bank to enhance transparency and global openness.
Qusay said in a statement to Al-Maalouma Agency that “the Central Bank of Iraq and the US Federal Reserve are moving towards authorizing Iraqi banks to contract with international auditing companies, instead of relying on the dollar selling platform alone, with the aim of auditing credits and transfers before implementing them.”
He explained that "this measure is in the interest of the Central Bank, as it contributes to avoiding the risks of money laundering cases and international sanctions," noting that "this step is a turning point that contributes to drawing a clear map for the work of Iraqi banks on the global stage, as they will deal with international correspondents and financial guarantees in addition to instant transfers, which enhances their position in global markets.”
He pointed out that "it is possible to rehabilitate banks facing current restrictions, which will lead to greater stability in the exchange rate," indicating that "the Central Bank attaches special importance in the next stage to increasing foreign currency reserves, which contributes to facilitating trade operations and supporting economic activity.” LINK
I initially thought there is a translation error. But I saw the same news from another source.
Read the highlighted part he is saying 1320 per 100 USD which translates to 13.2 IQD per USD. And the wording "the new monetary reinforcement mechanism".
If the translation is right he revealed the RV price. We shall know in the coming days.
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The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency,
indicating that the monetary reinforcement mechanism will maintain financial stability in the .country
Saleh said that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign
currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency
for the dinar,' noting that "the new monetary reinforcement mechanism will maintain a fixed
exchange rate of 1,320 dinars for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve.
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Sudanese advisor: New monetary boost will maintain stable exchange rate. https://pic.x.com/159FBgxFXChttps://pic.x.com/159FBgxFXC