KTFA:

RE: Monday Night CC:  https://fccdl.in/MeTj1sVDZZ

DeepWoodz:  imo.. thanks for the call Frank. Just a heads up… The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar. Not the other way around. Even if this is true, definitely an improvement worthy of praise.  If you want to see the value of the dinar, simply list it the other direction. i.e….IQD/USD. Which equals .355.    1 dinar =0.35$

Frank26:  TEAMWORK !!! ...........I APPRECIATE YOUR HELP DW !!! TY KINDLY

DeepWoodz:  Something else I’d like to mention since you’re talking. I’ve been using Google the same way for several years now. You can type usdiqd into the search and Google has what I assume is a public rate of around 1310. So I am used to typing it in without the forward slash. 

When I do that in forexlive, I get the 1310 there also. It is interesting that without the /, the Iraqi and American flags pop up beside the pair. With the /, nothing pops up with the pair but the rates are much different (better).   Like you said, something is going on, and I like it.     Imo

Clare: Staff Concluding Statement of the 2024 IMF Article IV Mission

March 3, 2024

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

March 3, 2024: An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman during February 20–29 to conduct the 2024 Article IV consultation. The following statement was issued at the end of the mission:

KTFA:

Clare:  Iraq signs a memorandum of understanding with the Japanese company Toyota

2/29/2024- Baghdad

The Minister of Electricity, Ziyad Ali Fadel, sponsored today, Thursday, the signing of a memorandum of understanding with the Japanese company Toyota. To develop the networks and capabilities of the electrical system.

A statement from the ministry, received by Mawazine News, said: “The memorandum was signed in the presence of the Japanese ambassador and stipulates that the Japanese company will finance and implement a number of special projects in the production, transportation and distribution sectors, and joint committees will be formed between the two parties to determine the list of projects proposed for implementation and their priorities.”

KTFA:

Clare:  The Territory Commercial Bank announces financing Iraq's trade with India in rupees

2/27/2024  Baghdad

The Territory Commercial Bank announced financing trade between Iraq and India in the rupee currency.

The bank said in a press statement, “We announce the launch of a pioneering initiative to enhance trade exchange between Iraq and India, where trading partners can now conduct their financial transactions in the Indian rupee. This step aims to facilitate and accelerate commercial operations between the two countries by providing simplified and effective financial solutions.”

He added, "Within the framework of this initiative, the Territory Commercial Bank opened an account in Indian rupees with DBS Bank in New Delhi, which allows cross-border financial transactions to be carried out more easily and efficiently. This transformation aims to eliminate the challenges related to currency exchange and reduce transaction costs and the time required to complete them." “This will reflect positively on the efficiency of trade between Iraq and India.”