.KTFA:

Don961: Ports call for accelerating electronic transformation

Thursday 06th May 2021 Baghdad: Morning

The General Company for Iraqi Ports discussed with the Border Ports and Customs Authority the issue of accelerating the electronic transformation and waiting to work according to the single declaration, and the approval of the Maritime Minvest as an identification document for the incoming goods.

The Director General of Ports, Farhan Muheisen Al-Fartousi, said that a meeting was held at the Border Ports Authority under which a committee from the Ministry of Transport and representatives from customs, standardization and quality control were formed to discuss the most important issues related to work in Ports.

.KTFA:

Samson: THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO DISCUSS BUNA’S COMPLIANCE STANDARDS AND INFORMATION SECURITY CERTIFICATION

6th May, 2021

The workshop is hosting guest speakers from international specialized entities

More than 200 senior officials will attend, representing central banks and a wide spectrum of financial institutions from the region and beyond

.KTFA:

MilitiaMan: MECHANISM…… No RATE No DATE... So I'll use MECHANISM... lol…

SWIFT did a joint ventrue with China recently.. Which imo was a 180 degree move from August 2020. They did it in January of 2021…. They were to clear Yaun digitially.. Just as Iraq and the USD is to have been interlinked 05/01/2021….

MECHANISM is a tool.. An exchange rate regime is a tool.. imo….. A tool for implementation in respect to integrating the 2021 budget even. Imo….. "the budget law has begun to be implemented and instructions for its implementation were issued by the Federal Ministry of Finance, despite the governmental appeal to the Federal Court."……….. BEGUN…….

.KTFA:

Clare: FROM FRANK: KTFA FAMILY ................ JUST FOUND OUT THAT WS (WalkingStick) MADE IT THRU THE OPERATION….. PRAISE GOD .........................

HE IS RESTING .........

TY KINDLY FOR YOUR PRAYERS AND SUPPORT ................ FRANK26

.KTFA:

DeepWoodz: From article....”During the workshop, a senior representative of JP Morgan and Buna executive team, will share insights and important information on Buna’s recent success of adding the US Dollar to its diversified list of Arab and International settlement currencies.”

Question for you MM..Is it possible for countries in the AMF which use Buna as their platform, to have internal exchange rate agreements without telling the rest of the world their business?

MilitiaMan: My understanding the AMF likes to keep their cards close to the chest when it comes to specifics on currency exchange rates,

KTFA:

Don961: Housing development boosts the dollar cycle in the markets

Sunday 02nd May 2021

Baghdad: Morning

International economist Muhammad al-Najjar urged to attract the monetary blocks hoarded in homes to the field of work, by creating outlets that attract this money in a direction that benefits both parties to the process.

He said: “The dollar cycle around the world revolves 23 times, while inside Iraq it continues three cycles and hoardes, and this matter does not serve the capital cycle in this aspect, and here we can benefit from global experiences, where the citizen works to operate his sums, he does not hoard them. Here it will benefit the country and its personal economy by adopting sound mechanisms through the stock exchange or investment companies Contribution ».

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Manu68: What I don't understand is how they can go digital on May 1 without them going international and rate reflected on cbi website (even with the program rate although the PR would do nothing for them).

Buckeyetree: In my opinion, I see the current waiting on a day to day basis from what we know and have seen thus far. Iraq has checked off a lot if not all the boxes including now going digital. It will be great to see evidence of that, but the evidence might actually be the revalue to be shown.

Of course, the news that there is a lot of chatter in Iraq right now per the retired military person was very encouraging. Someone posted about looking till after the Eid al Fitr holiday which is May 12 and 13. Someone else had the opinion that thru mid May could be a good window which would fit with that holiday time period. Who knows, but we might wait till end of May.

No one knows exact date, but most in the forum have the feeling that it is closer to happening than ever before not just for the many dinar holders but especially for Iraqis, many living in poverty. They need the purchasing power which they do not get from a devalued program sanctioned rate.

Supermars: It sucks …its like they’re showing all the cards except the most important one imo …..just show the rate already …..everyone knows you’re holding that card

.KTFA:

Samson: Officially ... Finance publishes instructions for implementing the 2021 budget

30th April, 2021

On Friday, the Ministry of Finance officially published instructions for implementing the 2021 budget.
According to the ministry, the instructions for implementing the budget were officially published at the following link:

To view, click here

On Sunday, the Ministry of Finance called on all ministries' spending units to review them to receive instructions for implementing the budget / 2021.