MNT GOAT: "Things are moving quickly now.!!" @DINARREVALUATION #iqd #iraq #iraqidinar

 

Republic: The Kurdistan Region will convince oil companies to resume exports, 18 APRIL

Republic: The Kurdistan Region will convince oil companies to resume exports

The leader of the Kurdistan Democratic Party, Wafaa Muhammad Karim, confirmed that the Kurdistan Region will seek to convince oil companies operating on its territory to resume oil exports, as part of the joint efforts between the federal government and the region to resolve the oil file.

Useful summary.. In the important news, you can find it in the Euphrates News channel on Telegram. To subscribe, click here

Karim said in a statement to {Al-Furat News} that: “Among the important axes discussed by Prime Minister Mohammed Shia Al-Sudani during his visit to the region, is the size of the losses incurred by Iraq as a result of the suspension of Kurdistan’s oil exports during the past two years, which amounted to 23 billion dollars.”
He added that “the region will work seriously to convince oil companies to resume exports, within the framework of the recent understandings aimed at ending the stalemate in this file.”

Ragheed
 

https://alforatnews.iq/news/قيادي-في-الديمقراطي-إقليم-كردستان-سيقنع-الشركات-النفطية-باستئناف-التصدير

ISAAC UPDATE: " ALL IS PROGRESSING VERY WELL" , 18 APRIL

Isaac N

Isaac

Hello hope all good all is progressing very well now banks closed until Tuesday so next week I will have a very positive update, happy Easter

BANK STORY FROM MARKZ: "IQD values are going kooky…!! " @DINARREVALUATION #iraqidinarinvestor

 

Iraqi Bank for Trade launches “free” cash deposit service through ATMs, 18 APRIL

Iraqi Bank for Trade launches “free” cash deposit service through ATMs

Economy News – Baghdad

The Iraqi Bank for Trade announced on Tuesday the availability of the cash deposit service (free) through ATMs to its bank card holders, indicating that this aims to simplify procedures and provide faster and easier services to citizens.

The bank’s media advisor, Aqeel Al-Shuwaili, said in a statement reported by the official news agency, and seen by “Economy News”, that “the cash deposit service is available to the holders of the bank’s (Visa, Mastercard) cards issued in the Iraqi dinar currency only,” pointing out that “the service is free and does not require any additional fees.”

Al-Shuwaili explained that “the upper limit for one deposit is 5,000,000 Iraqi dinars, provided that the number of banknotes does not exceed 150 sheets, while the upper limit of the monthly deposit is 13,200,000 Iraqi dinars,” pointing out that “other deposits made through the bank’s mobile phone application or through the branch cashier are counted within the specified monthly ceiling.”

He pointed out that “the cash categories accepted through ATMs are: 10,000, 25,000 and 50,000 Iraqi dinars,” calling on customers to “withdraw the receipt of the transaction after deposit, including its details, as well as sending a notification of the deposited amount to the customer’s email.”
He stressed that “the cash deposit service is available through ATM machines in the following locations:

* Main Branch: Al-Harithiya – Al-Kindi Street – Building No. (4).
* International Zone Branch: Legislation District – Green Zone – Locality 228.
* Al-Mansour Branch: 14 Ramadan Street – Adjace to Shamisani Restaurant.
* Tahrir Branch: Al-Rasheed Street – Building No. (11) – Next to the Artists Syndicate.
* Erbil Branch: Waziran – Zakros Street – Opposite Sami Abdul Rahman Park.
* Hibet Khatun Branch: Al-Azamiyah – Omar Bin Abdulaziz Street.
* Al-Sadiya Branch: Al-Alwa Street – Opposite SAS Toyota.
* Pool Branch: Al-Karrada – Pool Intersection – Near Degla Village.

https://economy-news.net/content.php?id=54481

GOLDILOCKS: SPECIAL REPORT: New currency changes announced in Iraq and Vietnam, 18 APRIL

 GOLDILOCKS: SPECIAL REPORT: New currency changes announced in Iraq and Vietnam

Summary

In the latest broadcast from Goldilocks Global Banking News, host Freedom Fighter delivers insightful updates on the banking systems of Iraq and Vietnam, particularly concerning their integration into the global financial landscape.

 The video emphasizes the significant developments in both countries regarding their monetary policies, with Iraq establishing a more complex relationship with foreign currency through its stock exchange and Vietnam’s commitment to transparency concerning its currency valuation practices.

In Iraq, major steps have been taken to modernize its financial services by the Sama Baghdad exchange, which has recently announced the initiation of electronic trading platforms for securities and foreign currency exchanges. This move signifies Iraq’s readiness to align its financial practices with international standards, as it prepares to connect with global stock exchanges. Notably, the announcement emphasizes a shift towards facilitating foreign currency exchanges among domestic companies.

On the other hand, Vietnam’s Central Bank is responding to pressures from international entities like the International Monetary Fund (IMF), committing to avoid the competitive devaluation of its currency, the Vietnamese Dong. The central bank aims to enhance transparency in its exchange rate policies and allow the Dong’s value to reflect market conditions instead of being strictly controlled by the central bank. This commitment, especially in light of external pressures such as tariffs from the U.S., aims to stabilize Vietnam’s economy and foster better international trade relations.

Both countries are navigating crucial economic reforms that could impact their standing in the global market. The video concludes with a reminder of ongoing negotiations between Vietnam and the U.S. regarding currency policies as part of aligning more closely with international trade norms.

Highlights

• 📈  Iraq’s Stock Exchange Expansion: Introduction of electronic trading platforms signals Iraq’s readiness to modernize its financial market.
• 🌍 Integration into Global Financial System: Iraq is preparing its stock exchange for connections with global financial centers like Wall Street.
• 💱 OTC Platforms for Currency Exchange: The implementation of OTC trading in Iraq enhances foreign currency transactions among local businesses.
• 🚫 Vietnam’s Commitment to Non-Devaluation: Vietnam pledges to cease competitive devaluation of the Dong, aligning with IMF advice.
• 🔄 Market-Driven Currency Valuation: Vietnam plans to transition to market-based valuation of its currency to increase economic stability.
• 📊 Impact of External Pressures: U.S. tariffs are influencing Vietnam’s monetary policies, pushing for changes in currency handling.
• 🔗 Shift towards Digital Banking: The integration into a new digital banking system is touted to eliminate the potential for currency manipulation.

Key Insights

• 🌐 Financial Interconnectivity: Iraq’s introduction of electronic trading platforms for foreign currency and the establishment of OTC trading systems indicates a profound shift towards a more interconnected and modern financial environment. This signifies Iraq’s intent to not only enhance local financial transactions but also to establish conducive pathways for foreign investment and trade.

• 📈 Imminent International Standards: The move towards allowing the Iraqi dinar to transact with other currencies on the stock exchange is a clear indicator of Iraq preparing to meet international financial standards, which could pave the way for greater foreign investment and participation in global markets.

• 🌏 Transparent Monetary Policies in Vietnam: Vietnam’s commitment to avoiding currency devaluation and improving transparency reflects a strategic pivot to boost international confidence in its economy. By ensuring that the Dong’s value is determined by market factors, Vietnam aims to stabilize its economic narrative in global financial discussions.

• 💡 Influence of the IMF and Global Relations: The involvement of the IMF in conducting an article 4 consultation demonstrates the global emphasis on adhering to sound monetary practices, illustrating how international organizations can influence national policies for improved economic health. This also reinforces the interconnectedness of global economies, particularly in times of economic negotiation.

• 🚀 Future of Currency Values: As mentioned, the advent of a new digital banking system heralds a potential end to previous currency manipulation practices, suggesting a future where currency values reflect actual market conditions. This could foster greater economic stability and equitable trading conditions globally.

• 🏦 Underlying Economic Pressures: The influence of tariffs and other external economic pressures on Vietnam highlights the necessity for the country to make changes that align with both international expectations and market demands. This dynamic poses risks but also opportunities for economic evolution.

• 🪙 Long-Term Negotiation Outlook: As the video indicates, ongoing negotiations between the U.S. and Vietnam regarding currency valuation policies are in progress. The outcomes of these negotiations will significantly impact not only bilateral relations but also the broader economic landscape in the Asia-Pacific region.

Overall, the updates shared in the video signify transformative changes in the banking and currency practices of both Iraq and Vietnam, reflecting a broader trend towards transparency and integration into the global economy. These developments suggest a bright future for both countries, provided they navigate the challenges presented by international relations and market dynamics effectively.

MAJEED: Disappearing Rates on the CBI Website ,These are often seen as pre-cursors to rate changes!