More News, Rumors and Opinions Thursday PM 10-10-2024
KTFA
Clare: Minister of Finance stresses the need to adhere to timetables to achieve economic reforms
10/10/24 Baghdad - WAA -
Minister of Finance Taif Sami Mohammed stressed, today, Thursday, the necessity of adhering to the timetables to achieve economic reforms.
A statement by the ministry - received by the Iraqi News Agency (INA) - stated that "Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program items related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discuss the challenges facing the implementation of the program."
The minister stressed - according to the statement - "the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability."
The statement added that "the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been accomplished so far, in addition to discussing ways to accelerate the pace of reform in vital sectors.
Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens."
The statement concluded that "the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth." LINK
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Clare: Trade Bank of Iraq announces measures to support exchange rate stability
10/9/2024 Baghdad
The Trade Bank of Iraq (TBI) announced on Wednesday that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.
The Director of the Tahrir Branch at the Iraqi Bank, Yarab Al-Hashemi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the bank's management has taken a series of measures that would stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank's branches, which had an impact on the speed of completing merchants' transactions and the smoothness of financial transfers and eliminating the momentum in that."
He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."
Prime Minister Mohammed Shia Al-Sudani directed "intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises that the region is going through; to achieve personal profits and benefits at the expense of the public interest of the country." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're got e-government and their institutions doing payments electronically. 600 entities of the government already are doing it. That's huge. There's no turning back...The country of Iraq is embracing electronic digitization for the state institutions and the financial system progress has been massive...2 million cards the first year and 18 million more this year...It shows progress like no other...Turning on their new exchange rate will ignite the country into a digital revolution. The world will marvel over it...
Frank26 Sudani on Friday told the citizens [in an article] we're lifting the three zeros to add value to your currency so you have purchasing power, all of this by the end of the year. Then the following day, Saturday, they [Barzani in Kurdistan] came out and they said word for word they're going to lift the value, they're going to add purchasing power, that's what Baghdad..the central bank...Sudani's people are saying. It looks like they want to get it done by the middle of October...
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Iraq Strengthening Banking Sector- CBI- Exploring Peru's Currency for Investment
Edu Matrix: 10-10-2024
Iraq Strengthening Banking Sector CBI Exploring Peru's Currency for Investment - Iraqis are concerned that Israel will target them next. Exploring the SOL Exotic Currency for a potential investment option. IQD Rates SOL Exchange Rates.
LIVE! EXPECT THE STOCK MARKET TO RISE FASTER! AS THE ECONOMY CONTINUES TO CRATER...
Greg Mannarino: 10-10-2024