Tuesday, May 7, 2024
"RV UPDATE" BY ARIEL, 7 MAY
Mon. 6 May 2024 Major Update on Dinar, Ariel
Economic affairs expert Safwan Qusay confirmed that financial liquidity is available and there are no high risks regarding the existence of the Iraqi dinar. He pointed out, “Iraq has completed all its financial needs, and the rest of it needs the price of a barrel of oil to reach only $96 to cover the financial deficit.”The Foreign Currency Exchange Regulations were completed on May 4th, 2024. https://uscode.house.gov/view.xhtml
Foreign Currency Exchange Regulations play a crucial role in the Iraqi Dinar revaluation and conversion to USD in 2024 by ensuring the process is conducted smoothly and transparently. These regulations set the framework for international transactions involving the Iraqi Dinar, which is vital for the currency’s international acceptance and stability. They also help prevent illegal activities like money laundering and support Iraq’s efforts to combat the financing of terrorism.
Economist Muhammad Hashem Helou confirmed that the Central Bank cannot float the dinar exchange rate.
The parallel market is reaching the official price of the REER-(Real Effective Exchange Rate).
Al-Rafidain Bank announced the application of the new platform that will allow electronic banking for Iraqis. Which is the main branch.
The Deputy Chairman of the Parliamentary Planning Committee, Muhammad Karim, confirmed last Thursday, that the 2024 budget will proceed after completing the changes in its schedules for allocations for governorate and ministries projects.
Atheer Daoud Al Ghurairi, Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organization (WTO) after completing economic reforms and improving the business environment.
There is an accession ceremony happening on May 9th for 9 countries, Iraq being one of them per article that came out a month ago.
"RV UPDATE" BY WOLVERINE, 7 MAY
Mon. 6 May 2024 Wolverine
Mon. 6 May 2024 Wolverine
Iranian media: Nechirvan Barzani will play a role in raising the level of political and economic interaction, 7 MAY
Shafaq News / The visit of the President of the Kurdistan region of Nechirvan Barzani to Tehran was reflected in the Iranian media, which took place in their reports and coverage.
A report by the “Mehr” agency” indicated the role of the head of the region, and provided a historical account of his family and its struggle through his living in Iran and his mastery of the Persian language, and an affirmation of dialogue and understanding to solve problems.
She also pointed to the fluctuation of the relationship between Iran and the Kurdistan Region in separate stages, the most prominent of which was the security tension, and the presence of Kurdish groups opposed to Tehran within the territory of the region, and the report pointed out: “It is expected that with the visit of Nechirvan Barzani to Tehran, the level of political interaction between the two sides will rise.”
Mehr also pointed to the possibility of developing economic relations with the visit, which it said would benefit the two peoples.
For its part, the newspaper “Haft Sobah” reported that Nichirvan Barzani’s visit comes after about three years of the state of ups and downs in the relationship, but noted that the head of the region is a figure with good relations with Tehran.
The report also noted that Nechirvan Barzani will now take the initiative to establish reconciliation and expand relations with Iran.
Earlier in the day, the President of the Kurdistan Region, Nichirvan Barzani, met with the President of the Islamic Republic of Iran, Ibrahim Raisi, during an official visit to Tehran, and Iranian Supreme Leader Ali Khamenei, as well as Foreign Minister Amir Hussein Abdullahian.
During the meeting with my president, which was attended by the two Vice Presidents, the Minister of Interior and a delegation from the Presidency of the Kurdistan Region, the two sides stressed the strengthening of relations between Iran, Iraq and the Kurdistan Region on the basis of good neighborliness and common interests, and raising the level of trade exchange and economic relations, as well as praising the long-standing and historical relations between the Islamic Republic of Iran and the Kurdistan Region.
A statement by the presidency of the region said that President Raisi expressed his thanks and appreciation to the Islamic Republic of Iran to the Kurdistan Region for the facilities and assistance it provides to Iranian visitors who go to the holy shrines in southern Iraq, during their passage through the Kurdistan Region. For his part, the President of the Kurdistan Region thanked Iran’s support and assistance to Iraq and the region.
In another axis of the meeting, the two sides stressed the need and importance of continued coordination and joint cooperation between the Islamic Republic of Iran and Iraq and the Kurdistan Region to protect safety and stability in the region.
This visit is the fifth in 11 years, during which the head of the region intends to strengthen relations between the region and Tehran, through talks with senior Iranian leaders.
According to an official in the office of Shafaq News Agency, this visit is important, which comes after an extensive round of talks with political leaders in Baghdad, in which the head of the region said was launching a new phase of the relationship.
It also comes after the Turkish president came to Baghdad and Erbil last month, in a visit deemed historic.
"SCREENSHOT OF THE DINAR IRAQ RATE THROUGHOUT THE DAY" BY GINGER'SLIBERTY LOUNGE TELEGRAM ROOM, 7 MAY
💢 Fascinating data point! Thank God for our Global Family in GLL. You'll see screenshot of the Dinar rate throughout the day. Exact same numbers but some showing comma (,) and another a decimal point (.).
💢From Birgittt: In Germany and Austria we have no comma (,) but (.) when writing numbers.
💢 THIS EXPLAINS why it appeared like a rate change to some. HUGE THANKS family. 😁✅ Well done.
5.6.24
