The Competencies And Tasks Of The Directorate, 27 JAN

 The Competencies And Tasks Of The Directorate

January 23, 2025      The competencies and tasks of the directorate  
 
    - Licensing non-banking financial institutions
 
All licensing applications are carefully examined according to the principle of equality between all requests, in order to ensure the availability of conditions that allow
 
     competition in the Iraqi market and
     keep pace with rapid developments in the global and local financial sectors, while
     achieving the utmost efficiency and transparency.
 
    Supervising and controlling non-bank financial institutions.
 
        This directorate works as a supervisory authority, as it adopts a flexible and contemporary monitoring approach that enables it to supervise and monitor to ensure success in the Iraqi financial sector.   https://cbi.iq/news/view/2766    

TIDBIT FROM MILITIAMAN, 27 JAN

  Militia Man 

 This article is March 14, 2023...It says time to get back to the previous era.  What are they talking about?  What was the value of Iraq's dinar in the previous era? 

 In 1987...the price of 1 dinar was $3.30...I'm not saying a date or rate.  I'm just...giving you an example of what they were like in a previous era...

They told us 'the glory days', 'the previous era'.  Remember what al-Sudani said?  He didn't say a time specific about when the dinar was going to be stronger than the dollar, he just said that it was and he told his citizens to be careful...It's all coming full circle.

FIREFLY: They want to give us more monetary reform education before they give us our new currency

 

President Of The Republic Abdul Latif Jamal Rashid : We Cooperate With Many Countries To Invest In Iraq, 27 JAN

 President Of The Republic Abdul Latif Jamal Rashid : We Cooperate With Many Countries To Invest In Iraq

Money and business  Economy News – Baghdad   The President of the Republic, Abdul Latif Jamal Rashid Al-Bast, confirmed that Iraq cooperates with a large number of countries in the region and European countries for investment, expressing his hope that President Trump will succeed in what he proposed regarding ending wars in all parts of the world.

The President of the Republic said in a press interview, followed by "Al-Eqtisad News", that "our presence at the Davos Economic Forum is to give an impression of the current situation in Iraq and the Middle East, which concerns everyone, and as you know now the situation in Syria is a new situation, and in Lebanon a government has recently been formed and we hope that they will succeed in their efforts."

The President of the Republic added: "We emphasized at the Davos Forum the good security situation in Iraq, the good relations with neighboring countries, and the focus on services provided to the Iraqi people, and at the same time improving the infrastructure, and we cooperate with a large number of countries in the region and European countries to invest in Iraq and implement service projects and necessary for the Iraqi people."

He stressed that "Iraq is an independent state, and decisions are in the hands of the Iraqi state, and our relations are good with all countries, and Iraq's decision is independent and based on our independence, and for us and for all Iraqis, government and people, the independence of Iraq is more important than anything now and in the future."

The President of the Republic expressed his hope that "President Trump will succeed in what he proposed regarding ending wars in all parts of the world, and we are very comfortable with this statement, and we hope that it will be implemented, and it will push towards political solutions."

He concluded by saying: "I am optimistic about Iraq, because we have made good political decisions, the system in Iraq is good, and we now have security stability, which is one of the most important needs, and we are continuing with the program to improve services and infrastructure and develop our relations with neighboring countries and the world."https://economy-news.net/content.php?id=52267

TIDBIT FROM FRANK26, 27 JAN

 Frank26    

We are waiting for this amendment to be completed for article 12...Parliament will have to deal with the budget line by line which will require an exchange rate.  1310 mathematically will not work with all the major projects and contracts they have. 

 We are very close to this budget exposing its guts...Every day we seem to be getting closer and closer to the reality of a new exchange rate with lower notes to match.

MILITIAMAN: If you do the math it turns out to be about $3.22! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Dollar Prices Close High In Baghdad And Erbil At The Beginning Of The Week, 27 JAN

 Dollar Prices Close High In Baghdad And Erbil At The Beginning Of The Week

Economy |  01/25/2025  Mawazine News – Baghdad  The dollar prices rose in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday, with the closing of the stock exchange at the beginning of the week.

The dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 150.850  Iraqi dinars for every 100 dollars, while the prices were 150.700 dinars for every 100 dollars this morning. Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 151.750 Iraqi dinars for every 100 dollars, while the purchase price reached 149.750 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, as the selling price reached 150.700 dinars for every 100 dollars, and the purchase price reached 150.600 dinars for every 100 US dollars.  https://www.mawazin.net/Details.aspx?jimare=259001