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DELTA: FROM IRAQI TV: "Deleting 3 zeros from the currency .. Parliamentary finance determines the size of the cost and the economic effects"

Don961: Deleting 3 zeros from the currency .. Parliamentary finance is suspended and determines the size of the cost and the economic effects

Recently, a proposal to delete 3 zeros from the Iraqi currency has been put forward to provide a cash value in the Iraqi market in order to face the financial crisis, which has abounded proposals aimed at reducing its effects, especially with regard to low oil prices and the .lack of liquidity in the state to finance basic salaries and expenditures

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in an interview with (Baghdad Today), that "deleting zeros ".from the currency does not affect financially and does not get the country out of the crisis, and it is only a psychological aspect

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PETRA: Don't pass by this article!! BIS is the Central Bank of all Central Banks. Who better knows they are under Article 14 and cannot transact internationally...unless???

So why make this commitment of investment???? It's a rhetorical question!

And yes, of course they would know about the rate change because they are the ones who will notify all the other CB's around the world when it is formally announced by the CBI. Somethings coming!!!

Watch the CBI!!!! IMO

Samson: The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities

11/21/2020 14:15:26

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Ross: (Late Friday Night) The banks are closed today and tomorrow.

Sunday would be a good day to release salaries and perhaps a new rate.

Maybe next week will a real Thanksgiving treat for all of us.

One can only hope.

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MilitiaMan: They know what is coming to a land nearby.. To get liquidity, one needs trade and equitable exchange amongst traders, etc.. imo.. MM

Samson: Opening a branch of Al-Rafidain Bank at the Arar port

19th November, 2020

Al-Rafidain Bank announced, on Thursday, the opening of a branch at the Arar border crossing to expand the trade exchange process between Iraq and Saudi Arabia

The bank’s media office said in a statement, which Al-Eqtisad News received a copy of, that “the Arar border branch was opened with the Saudi side in the presence of the Director General of Al-Rafidain Bank, the Minister of Interior, Othman Al-Ghanimi, the Deputy Commander of Joint Operations, Lieutenant General Abdul Amir Al-Shammari, Chairman of the Border Ports Authority Omar Al-Waeli and the governors of Anbar. Karbala, the leaders of the Anbar and Border Police and other officials

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Samson: Electronic export licenses are an introduction to the advancement of the Iraqi economy

18th November, 2020

Al-Hikma says that “the distance of a thousand miles begins with a step”, and Iraq has made real steps towards achieving what it believes was a dream (any country that exports products, not just an importer), so agricultural and industrial products began to reach the neighborhood, the Gulf and Europe. Trade continues to issue electronic export IDs and licenses

The specialist in the commercial field, Raed Al-Ameri, says in an interview with Al-Sabah newspaper, which was seen by Al-Iqtisad News, that "Iraq, during the past years, lacked the courage to enter markets, whether in the neighborhood, the region, or even the world.

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Samson: Parliamentary Finance: The 2021 budget will arrive within days, and we did not allow a repeat of the 2020 scenario

17th November 2020

A member of the Parliamentary Finance Committee, Shirwan Mirza, confirmed, on Tuesday, that the 2021 budget is nearing the House of Representatives, indicating that Parliament will not allow the government to have no budget for the next year at all, as it has done during 2020. LINK

Popeye7: The article are making it quite clear they are clearing the runway for take off of their economy... Kinda of like pulling on slingshot as hard as one can to ensure maximum velocity, as Iraq prepares for this momentous opening of their economy to the world's nations...

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Samson: Economist: Two ways to bridge the deficit in the budget for the next year, one of which is borrowing from individuals

15th November, 2020

On Sunday, the economic expert, Mazhar Muhammad Salih, identified two ways for the country to fill the actual deficit in the budget for next year, while noting that this time borrowing will be from individuals

Saleh said in a press statement seen by "Al-Eqtisad News", that "the large financial surplus of individuals is important in internal investment, and reducing the deficit in the next budget

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OlLar: Calling for the inclusion of Large investment companies ? In the coming days?

Samson: Erbil Stock Exchange announces its opening near to investors

15th November, 2020

The director of the Erbil Stock Exchange, Sherwan Mustafa, announced that the Erbil Stock Exchange will open in the coming days after removing obstacles, calling for the inclusion of large investment companies on the stock exchange

Mustafa said, that all circumstances have been removed before the opening of the Erbil Stock Exchange, as during the coming days the stock exchange will open to investors, adding that consulting companies will be present to provide advice to new investors

Mustafa called for the large investment companies to be listed on the stock exchange because they get great privileges represented by tax exemptions, explaining that there are a number of companies that create excuses for not being listed on the stock exchange

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MilitiaMan: There is some very, good things a foot this past week leading into next week, in and for Iraq's future. It is a very bright future and it is about to take off running in a big way.

The writing is on the wall or in this case the ports and borders. The amount of money that is slated for reconstruction from the Kuwaiti Conference is in the 10s of billions. " When?

Well per the below link as early as tomorrow with respect to the Port of Arar.

The data shows that SA signed deals / contracts with Iraq and they will also capitalize on the tourist trade, as well as many other sources of revenues.

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Samson: Alternative currencies to the "dollar" that protect against the risk of inflation

14th November, 2020

Dmitry Ivanov, Executive Director of "Kloppenko Group" said that buying more stable and less volatile currencies, such as the Swiss franc, the euro, the Japanese yen and the Chinese yuan, protects against the risk of inflation.

Ivanov also advised to make savings spread out in different currencies.

He said that this is what all central banks in the world do, which keep money in the national currency, in dollars, euros and other currencies, as well as in gold and silver.

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DELTA: Iran begins deleting zeros from its currency and a new banknote

Liberation: 2020/11/12 19:59 • 219 times

The Central Bank of the Islamic Republic of Iran has issued a new 100,000 riyal (equivalent to 10,000 tomans), printing 4 zeros in a light color in preparation for the removal of these zeros from the currency, as well as a 10-drawer drawer on both ends of the bottom of the banknote.

According to the Fars news agency, the Central Bank of Iran recently issued a new 100,000 riyals (10,000 toman) banknote, which included some differences with banknotes of this category, which are currently circulating.

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