.KTFA:

Samson: Demands to revaluate the dinar, the government responds

13th November, 2021

Devaluating the Iraqi dinar in the 2021 budget has stirred the discontent of the public, and economic and financial experts alike. In spite of the warnings from its negative economic and social reverberations, the Iraqi Ministry of Finance ascribes it a breakthrough amid a stifling economic crisis that has struck the country.

Last December, the Central Bank of Iraq (CBI) opted to raise the exchange rate of the U.S. dollar from 1,182 dinars to 1,460 dinars to alleviate the ramifications of the plummeting oil revenues, bringing down the value of the Iraqi national currency and the purchasing power immediately.

KTFA:

MilitiaMan: So it says, Iraq is likely that they will pay the last part of the compensation plan to Kuwait in the last quarter of this year.

Well we are in the last quarter and have been for a couple weeks now. Notice they tell us "previously" that the payment will end in the first quarter of 2022..

Well, they moved it up to this last quarter and it has the potential to even have been paid by now or shortly here to come.

Do to the relatively minimal amount owed, it would not surprise me at this stage if the amount needed to be sorted for to have the Chapter VII designation lifted, they would find the money. If that meant taking it from proceeds or clawed back monies they have outstanding that far exceed the amount necessary. imo ~ My take is this is not an issue.. imo.

Definitely a welcoming event no doubt.. ~ MM

.KTFA:

Samson: Including Iraq.. The reserves of the first five Arab countries of gold exceed 1,000 tons

13th November, 2021

The World Gold Council announced on Saturday that the possession of the yellow metal in the first five Arab countries, including Iraq, as reserves amounted to more than 1,000 tons for the third quarter of 2021.

The council said in its latest schedule for the month of November 2021, which was seen by Shafak News Agency, that "the gold reserves of Saudi Arabia, Lebanon, Algeria, Libya and Iraq rose to reach 1005.5 tons in the third quarter of this year, compared to the second quarter of it, which amounted to 996.5 tons."

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Samson: Iraq is close to achieving a comprehensive electronic transformation

9th November, 2021

Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, affirmed, on Tuesday, that the government's orientation is towards achieving comprehensive digital transformation.

Al-Ghazi said in a statement, "He reviewed the report on the progress of work in the National Data Center Department, and the most prominent service systems launched by the department since last September through the (Ur) portal for e-government services."

He stressed that "the current government trend stresses the need to expedite the completion of the e-government project, and the expansion of the electronic services provided, to achieve comprehensive digital transformation, provided that the project's results are realistic and touchable by the citizen, by facilitating the procedures for obtaining an integrated government service."

.KTFA:

MilitiaMan: More ships in an out mean they are trading, but, are they now starting to clear the trades digitially. The AMF has a report out of 33 pages that shows Iraq in the graphs regarding blockchain.. We will have to decipher the report.. The fact they Iraq is included shows progress that the region is about to be or is on a level playing field. ~ MM

Samson: Transportation: anchorage of three tankers and a container ship in the southern port of Umm Qasr

11/08/2021 17:27:21

The Ministry of Transport, the General Company for Ports of Iraq, received three oil tankers and a commercial ship with a container load that docked today on the berths of the southern port of Umm Qasr.

.KTFA:

Samson: Basra University organizes a panel discussion on the project to delete zeros from the Iraqi currency

2nd November, 2021

The Department of Economics at the College of Administration and Economics at the University of Basra organized a panel discussion on the project to remove zeros from the Iraqi currency.

The seminar, which was attended by Prof. Dr. Sami Obaid Al-Tamimi and Prof. Dr. Youssef Abdul Ali Al-Asadi, aims to find out the reasons for the deterioration of the value of the Iraqi dinar. At the beginning of the seventies of the last century, one Iraqi dinar was worth more than three US dollars, and today we are at the end of the year 2021 equivalent to more than 1450 Iraqi dinars.

.KTFA:

Samson: Iraq Begins The First Steps To Join The World Trade Organization

2nd November, 2021

The Federation of Iraqi Chambers of Commerce revealed, on Tuesday, a “road map” to joining the World Trade Organization, calling for the amendment of some important laws in preparation for obtaining membership in the World Trade Organization.

The head of the Union, Abdul Razzaq Al-Zuhairi, said in an interview seen by "The Information", that Iraq has been seeking for ten yearsto obtain membership in the World Trade Organization through holding intensive meetings with the competent authorities to discuss this file.