🇮🇶IQD🇮🇶 rumored at $3-7 🇻🇳VND🇻🇳 rumored at $.47 @DINARREVALUATION #iraqidinar #iraq

 

Action: Launching an electronic platform for paying social security contributions

 Action: Launching an electronic platform for paying social security contributions.

Local | 05:23 - 04/27/2025   Mawazine News – Baghdad  The Ministry of Labor and Social Affairs clarified, on Sunday, the conditions for granting a retirement pension to workers and the required years of work, while confirming the launch of an electronic platform for paying social security contributions.

Ministry spokesman Hassan Khawam said: "The retirement and social security law for workers, which was enacted during the current parliamentary session, is one of the most important laws. Among the conditions for inclusion are that the worker be of Iraqi nationality, residing in Iraq, and of legal age (63 years or older), and have guaranteed service with paid contributions for a period of no less than 15 years."

He added, "The law stipulates that the social security retirement pension may not be combined with any other retirement pension."

Khawam explained that "there is also an optional guarantee for every person working in liberal professions such as a barber, taxi driver, or street vendor. They can participate in social security voluntarily by paying monthly contributions within 15 different categories, starting from 17,500 dinars up to 87,500 dinars, in exchange for retirement salaries ranging between 500,000 and 1,750,000 Iraqi dinars. All workers are covered by the retirement salary without exception. "

He pointed out that "other benefits provided by the law include paid sick leave, free medical care, in addition to a full or partial disability pension and maternity leave for pregnant women with the provision of health care."

He stressed that "the Ministry of Labor has inspection teams that visit investment projects to ensure workers are registered with social security and verify their numbers. In the event of a violation, the employer is subject to a fine that may reach five times the unpaid contributions."

Khawam pointed out that "the subscription deduction system has become electronic through the "Daman" platform, with a deduction rate of 5% of the worker's income, while the government bears 8%, and the employer 12%."

He explained that "the disbursement of retirement salaries is contingent upon reaching the legal age (63 years) with subscriptions of no less than 15 years, or early retirement according to the specified age and service conditions."

He explained that "the ministry is working with its social partners and local and international labor organizations to develop labor and social security laws, with the launch of awareness campaigns that have led to a large turnout of workers, especially in the field of optional insurance."

Regarding health insurance, he indicated that "covered workers pay only 10% of the cost of medical services, whether under optional insurance or in the organized sector."  https://www.mawazin.net/Details.aspx?jimare=260935

Iraqi Dinar Breaking News: Major IQD Change Expected at 8 AM Today

 Iraqi Dinar Breaking News: Major IQD Change Expected at 8 AM Today

Dinar investors, the moment you’ve been waiting for may finally be here! A wave of anticipation is sweeping through the Iraqi Dinar (IQD) investment community following reports of a potentially significant change expected to occur at 8:00 AM on Monday morning. Credible sources are suggesting backend system activations and new operational directives stemming from the Central Bank of Iraq (CBI), igniting fervent speculation about a possible revaluation of the IQD.

This development, if confirmed, could represent a pivotal moment for those holding Iraqi Dinar, potentially triggering a long-awaited return on investment.

While official confirmation remains elusive, the current buzz centers around leaked information regarding the timing and potential impact of the rumored changes. While specific details about projected rates are circulating, it’s crucial to approach these with caution until verifiable information is released by official channels.

However, the reports highlight potential changes that could impact the global financial landscape, particularly for holders of Iraqi Dinar.

Adding fuel to the fire, there are whispers of activity within major financial institutions. According to unconfirmed reports, banks like Chase, Wells Fargo, and HSBC are reportedly activating their foreign currency desks and preparing for appointments related to currency exchanges. While these activities haven’t been officially confirmed by the institutions themselves, they are being interpreted by many as a sign that something significant is on the horizon.

While the reports are generating significant excitement, it’s essential to remember that these developments are still unfolding, and official confirmation is pending. It’s crucial to approach this news with a healthy dose of skepticism and avoid making impulsive decisions based solely on speculation.

The coming days promise to be critical for Iraqi Dinar investors. Staying informed, seeking professional advice, and exercising caution will be paramount in navigating this potentially transformative period.

GINGER & JON DOWLING: Could he be signaling a change in May and Vietnam right after them?#iraqidinar

 

Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.

 Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.

economy | 10:43 - 04/26/2025   Mawazine News – Baghdad  The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations.

The Governor of the Central Bank of Iraq said in an interview followed by (Mawazine News) that he "has begun working on developing a plan to issue cards for small merchants, after completing consultations with companies, so as to accommodate the requests of merchants - a large class in Iraq - to cover their foreign trade without passing through long paths, so that transfers are carried out directly, which will create a major shift in accommodating merchants who do not use the official methods of transfers."

He noted that the Central Bank of Iraq, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and that they are now "in an ideal position, by their own testimony."

He described foreign commercial transfers as "progressing smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement was also reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations."

Regarding Iraqi banks barred from dealing in dollars, Al-Alaq said, "They will have to meet requirements related to ownership, compliance, money laundering, governance, and banking services in order to resume their normal operations."

He explained that these banks "were not subject to sanctions and are not included on the sanctions list, but due to observations about foreign transfers, they were stopped from using the dollar in transactions only."

He pointed out that a comprehensive plan was launched, which includes the criteria and conditions required to correct the situation of these banks to avoid such problems, after a full year of work on it. 
https://www.mawazin.net/Details.aspx?jimare=260919

FIREFLY: He is not in control of your currency reform

 Frank26 

 [Iraq boots-on-the-ground report]

FIREFLY:Sudani...is not trying to hide a rate, he's just not doing it.  He's not doing his job!  

FRANK:  I'm not losing faith is Sudani, I'm just disappointed in him to a degree. You see, he is not in control of your currency reform. The CBI is.  

We the United States of America have a lot of influence through the United States Treasury on your monetary reform because of our relationship with the IMF.  Your new exchange rate is definitely coming IMO.  Unfortunately it's coming to you Middle Eastern style by kicking, screaming, fighting, pulling hair for every inch of it.  That is sad because that is the Middle East way.  But Donald Trump will speed this up.

🇮🇶IQD🇮🇶 rumored at $3-7 🇻🇳VND🇻🇳 rumored at $.47 @DINARREVALUATION #iraqidinar #iraq