Tuesday, February 4, 2025
ZOOM IRAQ NEWS: The Iraqi Ministry of Finance has transferred over 958 billion dinars to the Kurdistan Region's Finance Ministry to pay January salaries, 4 FEB
ZOOM NEWS
#BREAKING: The Iraqi Ministry of Finance has transferred over 958 billion dinars to the Kurdistan Region's Finance Ministry to pay January salaries for civil servants.
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#BREAKING: The Iraqi Ministry of Finance has transferred funds for Kurdistan Region civil servants' salaries under a Baghdad-Erbil agreement, a source told Zoom News.
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Lahur Sheikh Jangi, leader of the People's Front party (Barai Gal), met with Iraqi politician Nouri al-Maliki, head of the State of Law Coalition, to discuss the political landscape in Iraq and ongoing struggles of public employees in the Kurdistan Region, emphasizing the urgent need to implement the Baghdad-Erbil agreement to resolve a decade-long crisis.
: Jangi's office
: Jangi's office
TIDBIT FROM JON DOWLING, 4 FEB
Jon Dowling
The shift has officially occurred! The key infiltrators within the Treasury that have help up our blessings have been officially removed.
Once it’s confirm in the Iraqi Gazette concerning the gas law in Iraq has been passed, we’ll see the new rate come forth publicly. Just a matter of time at this point.
Standby for victory after victory to commence!
Central Bank Of Iraq: 94% Of Dollar Sales In Today's Auction For Foreign Transfers
Central Bank Of Iraq: 94% Of Dollar Sales In Today's Auction For Foreign Transfers
03/02/2025 Mawazine News – Economy The Central Bank of Iraq announced that US dollar remittances sold in Monday's currency auction amounted to more than 94% of total sales, with total sales reaching $297 million, 459 thousand, and 852.
These sales were covered at a basic exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, while the dollar was sold at 1,310 dinars per dollar for external transfers, and at 1,305 dinars for cash dollars.
According to statistics, $281 million, 409 thousand, and 852 were allocated to enhance balances abroad in the form of transfers and credits, representing 94.31% of total sales, while cash withdrawals amounted to only $16 million and 50 thousand.
While 19 exchange companies participated in the auction, 6 banks met requests to enhance balances abroad, while only one bank was satisfied with buying dollars in cash. https://www.mawazin.net/Details.aspx?jimare=259313
EXCERPTS FROM MARKZ, 4 FEB
EXCERPTS FROM MARKZ
Member: We were always told the RV will be shortly after the HCL so just hold on. Almost there!
MZ: yes- We were told after the HCL was complete –to expect the RV in a matter of days. A big roadblock to HCL was removed yesterday.
MZ: We have a plateful for today. So much is happening.
MZ: Enormous things happened over the weekend. Many expected the RV rate to be there this morning….but I thought that was a little premature. Stay calm everyone.
Member: I know we need to stay calm and you keep telling us that, but Marc we have been waiting for so long and it’s always something new that they put in front of us and hold it up
Member: I would like to know about what the redemption center staff were doing since they worked over the weekend?.. .
MZ: They spent their weekend training. They are preparing for fundamental and monetary banking changes. They are preparing and getting educated on a new banking system! The comment was “assets will be much more important” I do not know details. I do not know if that means new money and new rainbow currency. But I found it extremely encouraging that they were told it was not just their bank….but a worldwide and country wide change in banking.
MZ: They will have more training next weekend….will this be it? I feel good about next weekend.
Member: When do you it will go Mark? By the end of February?
MZ: To me- with this training and progress we have seem over the last few days- I don’t think we will wait that long.
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