Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24
Good Evening Dinar Recaps,
"India’s forex reserves experienced a notable increase, rising by $2.975 billion to reach $619.072 billion for the week ending February 23, as reported by the Reserve Bank of India (RBI). This surge follows a previous week where reserves had slightly decreased by $1.132 billion.
Major Components
1. Foreign Currency Assets:
Increased by $2.405 billion to $548.188 billion.
Foreign currency assets encompass various currencies such as the euro, pound, and yen, reflecting their valuation against the US dollar.
Goldilocks' Comments and Global Economic News Sunday Evening 3-3-24
Good Evening Dinar Recaps,
"India’s forex reserves experienced a notable increase, rising by $2.975 billion to reach $619.072 billion for the week ending February 23, as reported by the Reserve Bank of India (RBI). This surge follows a previous week where reserves had slightly decreased by $1.132 billion.
Major Components
1. Foreign Currency Assets:
Increased by $2.405 billion to $548.188 billion.
Foreign currency assets encompass various currencies such as the euro, pound, and yen, reflecting their valuation against the US dollar.
2. Gold Reserves:
Rose by $472 million to $47.848 billion during the week.
3. Special Drawing Rights (SDRs):
Witnessed an uptick of $89 million to $18.197 billion.
4. Reserve Position with the IMF:
Expanded by $9 million to $4.839 billion."
There would be absolutely no reason for India to be increasing their revenue like this unless it had something to do with the UPI or Unified Payments Interface.
The UPI powers several bank accounts in one application. This can happen with any bank globally that wants to participate in their payment transaction system through trade and more.
It is an instant payment service that operates 24/7 and 365 days a year. Their foreign currency, special drawing rights, and gold reserves continue to grow.
This enables them to service the needs of foreign currency exchanges in trade from around the world near and far. They can even enable people to do these transactions over a mobile phone application.
It's been a while back, but Iraq was one of the countries along with Vietnam and Indonesia that piloted this new International Payment System. Current Affairs
© Goldilocks
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The IMF is recognizing Iraq to be a financially inclusive banking system. This means they have become an open banking system allowing free trade agreements to be made with them near and far.
The CBI article that goes with this writing indicates that the IMF has recognized Iraq to be a compliant, safe, and trustworthy institution for trade. It is well and it's way to digitizing products for trade beyond the oil sector and on the local level.
These new monetary mechanisms will shield them from money laundering that has plagued them for so many years, and it will enable them to move forward with the full confidence of a Global Economy.
© Goldilocks
https://cbi.iq/news/view/2527
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Iraqi Customs launches automation system at Umm Qasr Port - Shafaq News
👆Watch the Water!
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"An ACH transfer is completed through a clearing house — a network of financial institutions — and is used most often for processing direct deposits or payments.
A wire transfer is typically used for high-value transactions and is completed through a bank, which makes it faster, but it does have a fee."
We are currently transitioning from Clearing House Transactions to Wire Transfer Services that can be done through a bank. Wire transfer services will make this new digital payment system much faster. In fact, the transfer of payments will be done in seconds.
As Protocol 20 expands and integrates Quantum Technologies from around the world, this shift into digital processing of money transfers will significantly increase the demand for the new digital economy. These new demands will bring in new values across the board and from country to country.
Money velocity will enhance faster trades that will allow the movement of products around the world to operate seamlessly and efficiently. Faster movement of products will create more profits and increase more opportunities for companies producing their items for sale across many sectors of the market and on an even playing field no matter their size. Tipalti
© Goldilocks
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Hong Kong Sees Surge in Crypto Exchange License Applications as Regulatory Landscape Evolves | The Currency Analytics
👆 Goldilocks pointed to this article
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Crypto Council comments on Hong Kong’s stablecoin regulation | CryptoPolitan
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Special Drawing Rights
Pacific Exchange Rate Service: Current Exchange Rates; Database
https://fx.sauder.ubc.ca/SDR.php
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UPI: Unified Payments Interface - Instant Mobile Payments | NPCI
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Bloomberg -- Eurex Clearing AG plans to start clearing repo trades for hedge funds directly by the middle of the year, a key step toward improving liquidity in a market that has been constrained over the years by tighter financial regulation.
The firm, one of the leading global clearinghouses, aims to have hedge funds up and running on their platform “by the summer,” executive board member Matthias Graulich said on the sidelines of the Derivatives Forum in Frankfurt on Thursday.
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Prominent figures in the XRP community have argued that the XRP tokens locked in escrow by Ripple have a fundamental role in turning the asset into a global reserve currency. | The Crypto Basic
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Blockchain is one step away from mainstream adoption - Blockworks
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Economist's "News and Views" Sunday 3-3-2024
Russia Protects Oil Revenues, Putin Peace Deal Revealed, G7 BANS Russian Diamonds
Sean foo: 3-3-2024
To address the G7 price caps, Russia has struck back by imposing a price floor on their oil exports. Here's why this is significant, especially in protecting government revenues.
Meanwhile, the Wall Street Journal has revealed Putin's 2022 peace deal in Istanbul and the G7 ban on Russian diamonds is now official.
Here's what you must know.
Russia Protects Oil Revenues, Putin Peace Deal Revealed, G7 BANS Russian Diamonds
Sean foo: 3-3-2024
To address the G7 price caps, Russia has struck back by imposing a price floor on their oil exports. Here's why this is significant, especially in protecting government revenues.
Meanwhile, the Wall Street Journal has revealed Putin's 2022 peace deal in Istanbul and the G7 ban on Russian diamonds is now official.
Here's what you must know.
Timestamps & Chapters:
0:00 Putin Peace Terms Revealed
3:25 Russian Economy UPDATE
6:30 Russia Sets Oil Price Floor
9:25 G7 Diamond Ban
11:55 Diamond Inflation Coming
BE PREPARED: $1.13 TRILLION in Consumer Credit Card Debt Hits Record High as Delinquencies SURGE
Lena Petrova: 3-3-2024
The Fed's Plan For 2024 Is Not What You Think
Atlantis Report: 3-3-2024
As inflationary pressures persist and economic indicators fluctuate, the Fed's anticipated interest rate cuts have encountered unexpected delays, prompting a reassessment of monetary policy trajectories. In March of 2020, the Federal Reserve embarked on a strategy of quantitative easing, bolstering its balance sheet by purchasing significant amounts of Treasury debt and mortgage-linked securities.
This approach, aimed at stimulating the economy, saw the Fed gradually reduce its balance sheet through quantitative tightening starting in June 2022, where it refrained from reinvesting all proceeds from maturing securities.
By early January 2024, the Fed had scaled back its assets from a peak of almost 9 trillion dollars to 7.7 trillion dollars. The era of ultra-low interest rates, which consumers had become accustomed to since the 2008 financial crisis, has likely drawn to a close.
Iraq Economic News and Points to Ponder Sunday Afternoon 3-3-24
Iraq Economic News and Points to Ponder Sunday Afternoon 3-3-24
Tlm724 Administrator Bondlady’s Corner
The International Monetary Fund Praises The Steps Of The Central Bank Of Iraq To Support The Economy
Sunday 03, March 2024 16:00 | Economical Number of readings: 291
Baghdad / NINA / The experts of the International Monetary Fund mission praised the measures taken by the Central Bank of Iraq, which contributed to maintaining the stability of the Iraqi economy and working to raise its capabilities.
The mission said in the final statement on the sidelines of the meetings held in the Jordanian capital, Amman, that “growth in the non-oil sector returned strongly in 2023, with inflation receding and growth in real non-oil GDP is estimated at 6 percent in 2023, after... It will decline in 2022.
Overall inflation declined from the high level it reached of 7.5 percent at the beginning of 2023, to 4 percent by the end of the same year, reflecting the decline in food and energy prices at the international level.
Iraq Economic News and Points to Ponder Sunday Afternoon 3-3-24
Tlm724 Administrator Bondlady’s Corner
The International Monetary Fund Praises The Steps Of The Central Bank Of Iraq To Support The Economy
Sunday 03, March 2024 16:00 | Economical Number of readings: 291
Baghdad / NINA / The experts of the International Monetary Fund mission praised the measures taken by the Central Bank of Iraq, which contributed to maintaining the stability of the Iraqi economy and working to raise its capabilities.
The mission said in the final statement on the sidelines of the meetings held in the Jordanian capital, Amman, that “growth in the non-oil sector returned strongly in 2023, with inflation receding and growth in real non-oil GDP is estimated at 6 percent in 2023, after... It will decline in 2022.
Overall inflation declined from the high level it reached of 7.5 percent at the beginning of 2023, to 4 percent by the end of the same year, reflecting the decline in food and energy prices at the international level.
The mission attributed the occurrence of these developments to “the return of trade financing operations to After some interruptions occurred following the implementation of new anti-money laundering and counter-terrorism financing controls on cross-border payments in November 2022, improved compliance with the new system and the initiatives of the Central Bank of Iraq to reduce the transaction processing time led to a recovery in financing. Trade in the second half of 2023.
This ensured that the private sector could obtain foreign currency at official rates for import and travel purposes.
The mission welcomed "the initial steps taken towards establishing the Treasury Single Account (TSA), which is a critical tool for improving cash liquidity management."
The mission praised "the efforts made by the Central Bank of Iraq aimed at getting rid of surplus liquidity."
The Central Bank increased the interest rate on monetary policy tools and raised mandatory reserve requirements, and also began issuing treasury bills with a maturity of 14 days last summer.
The Fund called for “supporting the ongoing efforts of the Central Bank by consolidating unused government deposits in an account.” The unified treasury, refraining from pro-cyclical financial policy, reducing reliance on cash financing, and improving public debt management, noting the continuation of efforts aimed at establishing an interbank market with the support of technical assistance provided by the International Monetary Fund.”
The mission welcomes the steps it has taken. The authorities in order to accelerate the pace of digitization of the economy, reduce dependence on cash and enhance financial inclusion.”/End H
https://ninanews.com/Website/News/Details?key=1110911
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:
Economic growth is projected to continue amid fiscal expansion. Meanwhile, medium-term vulnerabilities to oil price volatility have increased significantly. Reducing oil dependence and ensuring fiscal sustainability while protecting critical social and investment spending will require a significant fiscal adjustment, focused on controlling the public wage bill and increasing non-oil tax revenues.
In parallel, higher economic growth will be needed to absorb the rapidly expanding labor force, boost non-oil exports and broaden the tax base.
The authorities should therefore seek to enable private sector development, including through labor market reforms, modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms, and continued efforts to improve governance and reduce corruption.
Economic Outlook and Risks
Growth in the non-oil sector has rebounded strongly in 2023 while inflation receded. Supported by increases in public expenditure and solid agricultural output, real non-oil GDP is estimated to have grown by 6 percent in 2023 after stalling in 2022. Headline inflation declined from a high of 7.5 percent in January 2023 to 4 percent by year-end, reflecting lower international food and energy prices, and the impact of the February 2023 currency revaluation. The current account is expected to have recorded a surplus of 2.6 percent of GDP and international reserves increased to US$ 112 billion.
These positive developments were supported by the normalization of trade finance and the stabilization of FX market. After some initial disruptions following the introduction of new anti-money laundering and combating financing of terrorism (AML/CFT) controls on cross-border payments in November 2022, the improved compliance with the new system and the Central Bank of Iraq (CBI)’s initiatives to cut processing time led to a recovery in trade finance in the second half of 2023. This ensured private sector access to foreign exchange at the official rate for imports and travel purposes.
In the meantime, the fiscal position worsened. Although the expansionary budget was under-executed due to delayed Parliamentary approval, the fiscal balance still declined from a surplus of 10.8 percent of GDP in 2022 to a deficit of 1.3 percent in 2023, due to lower oil revenues and an increase in expenditures by 8 percentage points of GDP, of which salaries and pensions contributed 5 percentage points as the authorities started hiring in line with the budget law.
Overall growth is projected to rebound in 2024 and risks are tilted downwards amid heightened uncertainty. Non-oil growth momentum will continue in 2024. Larger declines in oil prices or extended OPEC+ cuts could weigh on fiscal and external accounts.
If regional tensions escalate, a disruption of shipping routes or damage to the oil infrastructure could result in oil production losses that could outweigh the potential positive impact of higher oil prices. In case of a deterioration in domestic security conditions, this could lead to a decline in business sentiment and suspension of investment projects.
Over the medium term, non-oil growth is projected to stabilize around 2.5 percent given existing hurdles to private sector development. Furthermore, vulnerability to oil price declines has increased as higher expenditures are projected to push the fiscal break-even oil price above $90 in 2024.
Absent new policy measures, the fiscal deficit is expected to reach 7.6 percent in 2024 and widen further thereafter as oil prices are projected to gradually decline over the medium term. As a consequence, public debt would almost double from 44 percent in 2023 to 86 percent by 2029.
Policy Priorities
An ambitious fiscal adjustment would be required to help stabilize debt in the medium term and rebuild fiscal buffers, while protecting critical capital spending. Most of the fiscal adjustment would have to come from reducing current expenditure, especially controlling the wage bill by limiting mandatory hiring and gradually introducing an attrition rule.
The authorities should also seek to increase non-oil revenues by broadening the personal income tax base and making it more progressive, reviewing the customs tariff structure, and considering new taxes on luxury items. In parallel, efforts to make revenue and customs administration more efficient should continue.
Further savings could be obtained through better targeting social support and increasing cost recovery within the electricity sector. These adjustment measures should provide room for the expansion of the targeted social safety net.
The authorities should also strengthen public financial management and limit fiscal risks. The mission welcomes initial steps towards the establishment of a Treasury Single Account (TSA), which is crucial to improve cash management. Further progress is needed and close cooperation between the CBI and Ministry of Finance will be essential.
The next steps are to define TSA design options and complete the bank account census. In future years, overall ceilings on the issuance of guarantees should be specified in the budget law and be enforced. The mission advise against the use of extrabudgetary funds and highlights potential fiscal risks associated with their use.
As a second best, it would be important to ensure the Iraq Fund for Development has appropriate governance arrangements, including governing board independence while ensuring transparency of the Fund’s activities including by publishing its investment plans in the annual budget documentation and restricting its ability to borrow.
The mission encourages the authorities to build on the CBI welcomed efforts to reduce excess liquidity. The CBI appropriately raised the policy interest rate and reserve requirements, introduced a 14-day CBI bill facility last summer, and scaled back its subsidized lending to the real estate sector.
However, monetary policy pass-through has been muted, hampered by large excess liquidity and lack of market incentives in financial intermediaries, especially at state-owned banks.
The CBI’s ongoing efforts should be supported by consolidating idle government deposits in a TSA, refraining from procyclical fiscal policy, reducing the reliance on monetary finance, and improving public debt management.
In parallel, efforts to develop an interbank market with the help of IMF technical assistance should continue. The mission also welcomes the authorities’ steps to speed up the digitalization of the economy, reduce the reliance on cash and enhance financial inclusion.
Wide-ranging structural reforms are needed to foster private sector development and economic diversification. Iraq needs higher and more sustainable non-oil growth to absorb the rapidly growing labor force, increase non-oil exports and government revenue, and reduce the economy’s vulnerability to oil price shocks. Key reform priorities include:
Adopting a comprehensive employment strategy aimed at phasing-out mandatory hiring in the public sector, leveling the playing field between public and private jobs, addressing mismatches between educational curricula and the skills needed in the private sector, and strengthening labor market institutions. The strategy should also aim at reducing informality and addressing legal, social, and cultural impediments to women’s participation in the workforce.
Accelerating financial sector reform to improve access to credit. The authorities are committed to modernizing the banking sector and supporting banks’ ability to secure correspondent banking relationships and have taken steps towards consolidation of small private banks. Efforts to restructure the two largest state-owned banks should intensify, including by expediting certification of past financial statements and implementation of core banking systems, and enhancing corporate governance in line with best practices.
Implementing a comprehensive pension reform. This is urgently needed to reduce the overall projected fiscal costs of the public pension scheme, better align the benefits and rules across the public and private schemes, ensure adequacy of pensions and intergenerational equity, and increase the ratio of workers participating in the private pension scheme.
Combating corruption and improving governance, particularly by strengthening the institutional and legal frameworks needed to ensure the independence of the Integrity Commission and the Board of Supreme Audit, enhancing the publication of assets and conflicts of interests declarations for top level officials, and adopting an updated anticorruption strategy.
Further, public procurement and business regulations should also be enhanced. The authorities should also continue to strengthen the AML/CFT framework and its effectiveness, including in the banking sector, guided by the priority actions identified in the MENAFATF Mutual Evaluation that will be concluded in May 2024.
Removing other hurdles to private sector development by reforming the electricity sector to improve efficiency, cost recovery, and reliable access; simplifying procedures for business registration; and upgrading critical infrastructure.
The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for constructive and productive discussions during this mission.
IMF Communications Department MEDIA RELATIONS
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points to Ponder on Decisions
Continually one faces the horrible matter of making decisions. The solution ... is, as far as possible, to avoid conscious rational decisions and choices; simply to do what you find yourself doing; to float in the great current of life with as little friction as possible; to allow things to settle themselves, as indeed they do with the most infallible certainty. - Christopher Morley
When making a decision of minor importance, I have always found it advantageous to consider all the pros and cons. In vital matters, however, such as the choice of a mate or a profession, the decision should come from the unconscious, from somewhere within ourselves. In the important decisions of personal life, we should be governed, I think, by the deep inner needs of our nature. - Sigmund Freud
Pick battles big enough to matter, small enough to win. - Jonathan Kozel
Wisdom consists in being able to distinguish among dangers and make a choice of the least harmful. - Niccolo Machiavelli
I think we should follow a simple rule: if we can take the worst, take the risk. - Dr. Joyce Brothers
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Yesterday’s Influence Sunday Afternoon 3-3-24
Yesterday’s Influence Sunday Afternoon 3-3-24
Adam M. Grossman | Humble Dollar
MY FIRST DAY IN the investment industry was—unfortunately—not so great. On the morning of Sept. 15, 2008, the investment bank Lehman Brothers filed for bankruptcy, sending the stock market into a free fall. The rest of 2008 was equally ugly, with the S&P 500 losing 37% for the year. But that experience provided investors with a valuable lesson—about the power of recency bias.
Recency bias is the mind’s tendency to extrapolate. When things are terrible, as they were on that day in 2008, it’s hard to imagine how or when things might ever get better. On the other hand, when markets are rising, it’s hard to imagine what might cause that positive momentum to slow.
Recency bias causes us to look backward—to assume that what happened yesterday will happen again tomorrow. That can lead investors to do the opposite of what would be best. Consider what we’ve experienced in just the past two years.
Yesterday’s Influence Sunday Afternoon 3-3-24
Adam M. Grossman | Humble Dollar
MY FIRST DAY IN the investment industry was—unfortunately—not so great. On the morning of Sept. 15, 2008, the investment bank Lehman Brothers filed for bankruptcy, sending the stock market into a free fall. The rest of 2008 was equally ugly, with the S&P 500 losing 37% for the year. But that experience provided investors with a valuable lesson—about the power of recency bias.
Recency bias is the mind’s tendency to extrapolate. When things are terrible, as they were on that day in 2008, it’s hard to imagine how or when things might ever get better. On the other hand, when markets are rising, it’s hard to imagine what might cause that positive momentum to slow.
Recency bias causes us to look backward—to assume that what happened yesterday will happen again tomorrow. That can lead investors to do the opposite of what would be best. Consider what we’ve experienced in just the past two years.
At the beginning of 2022, the stock market was on a tear. After hitting bottom in the spring of 2020, investment markets had been delivering steady gains for nearly two years. The economy was strong, and it looked like this good fortune would continue. But it was at that point that inflation readings began to become more problematic and, in response, the Federal Reserve began lifting interest rates. In all, the Fed raised rates seven times in 2022. The result for investors was punishing, with both stocks and bonds dropping at the same time—a rare occurrence. Stocks lost nearly 20% for the year, and bonds lost more than 10%.
By the end of 2022, investors weren’t feeling so good. Markets were down, inflation was still running high, and it was hard to see how things could improve. The notion that the Fed could engineer a “soft landing”—bringing down inflation without causing a recession—appeared remote. But just when sentiment seemed to be at its worst, inflation turned a corner. The Fed did continue raising rates into 2023, but the increases were smaller and sentiment improved. The result: Just when investors least expected it, stocks took off, gaining more than 25% for the year.
This describes just the past two years, but it’s a microcosm of investors’ experience nearly every year. Just when one trend appears to be well entrenched, something changes, upending expectations. It’s at times like this that recency bias can lead us astray. What can you do to combat it?
The simple answer would be to ignore the news. In fact, a famous study once tested this idea. Participants were given paper portfolios to trade and were split into two groups. The first group received regular news reports on their investments, while the second received less information. The result:
More News, Rumors and Opinions Sunday Afternoon 3-3-2024
KTFA:
Clare: The Interbank Market: What It Is and How It Works
By Adam Hayes
Updated December 23, 2023
SNIPPET OF ARTICLE:
What Is the Interbank Market?
The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly between themselves.
Some interbank trading is done by banks on behalf of large customers, but most interbank trading is proprietary. It takes place on behalf of the banks' own accounts
KTFA:
Clare: The Interbank Market: What It Is and How It Works
By Adam Hayes
Updated December 23, 2023
SNIPPET OF ARTICLE:
What Is the Interbank Market?
The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly between themselves.
Some interbank trading is done by banks on behalf of large customers, but most interbank trading is proprietary. It takes place on behalf of the banks' own accounts
Banks around the world use the interbank market to manage their own exchange rate and interest rate risk as well as to take speculative positions based on research. The interbank market is a subset of the interdealer market, an over-the-counter (OTC) venue where financial institutions can trade a variety of asset classes among one another and on behalf of their clients. This is often facilitated by interdealer brokers (IDBs).
KEY TAKEAWAYS
The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly between themselves.
Banks use the interbank market to manage their own exchange rate and interest rate risk.
They can also use the market to take speculative positions based on research.
Most transactions within the interbank network are for a short duration, anywhere from overnight to six months.
Understanding the Interbank Market
The interbank market for foreign exchange (forex) serves commercial turnover of currency investments as well as a large amount of speculative, short-term currency trading. The typical maturity term for transactions in the interbank market is overnight or six months.
The forex interdealer market is characterized by large transaction sizes and tight bid-ask spreads. Currency transactions in the interbank market can be either speculative (initiated with the sole intention of profiting from a currency move) or for the purposes of hedging currency exposure.
It may also be proprietary but it's customer-driven to a lesser extent by an institution's corporate clients. These might include exporters and importers.
https://www.investopedia.com/t.....market.asp
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Clare: Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr
3/3/2024
On Sunday, Iraqi Customs began implementing the Customs Automation and Modernization System (ASYCUDA) in the Grand Welcome Square in Umm Qasr Port, south of the country.
She said in a statement, received by Shafaq News Agency, that the Minister of Finance gave the signal to implement the program during a ceremony held in the Grand Welcome Square, attended by United Nations representative Nizar Amari, and a number of officials and heads of departments operating in the port.
The statement quoted the Minister of Finance in her speech as saying that implementing this system in the port of Umm Qasr comes within the strategic plan adopted by the government in the field of using modern techniques and technology, noting that implementing the automation system will achieve a set of goals, the most important of which are financial discipline, reducing errors and achieving efficiency. Effectiveness in using government resources, in addition to providing accurate data and information.
The Minister confirmed that this step is one of the steps that the government put in its curriculum and was adopted by the General Authority of Customs to apply technology and keep pace with the countries of the world.
For his part, the Director General of Customs, Counselor Hassan Al-Ugaili, said in his speech during the ceremony that the authority is committed to its duties, which revolve around three main axes, the first of which is facilitating legitimate trade and the axis of protection by implementing government decisions in the field of restriction and prevention, which provide protection for the consumer and society from the entry of prohibited materials, in addition to The collection and revenue axis, which will be controlled through the application of the customs modernization and automation system (ASYCUDA).
The Authority stated that it had previously implemented this program at Baghdad International Airport/Air Cargo Customs, stressing that steps are being accelerated to implement it in all regions, customs centers and the rest of its departments.
She added that the system of automating and modernizing customs through the application of the ASYCUDA program, which is in effect in more than (100) countries, which came after the signing of a partnership contract by the Ministry of Finance with the United Nations Conference on Trade and Development (UNCTAD) in 2021, where an international team was sent.
A specialist from UNCTAD supervises the implementation of the program in cooperation with a work team from the Iraqi customs. Preparing the requirements for its implementation began, and the employees were trained to work on its management and gain experience from the international team, as well as introducing them to training workshops inside and outside Iraq. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO the Forex is live. It is trading the Iraqi dinar live. I don't believe I've ever seen it trading live against the dollar. It's being traded in real time. That's impressive. It started today or maybe yesterday ...That's why I say something is going on...It's trading at $2.70 live. I'm not making this up. You can go look this up yourself. Let's see if these numbers stay the same on Sunday...when they start trading live...Isn't this suspicious? Isn't this a precursor? Isn't this a sign? Isn't this a logical step for a currency that is about to go through a movement of some type?
Militia Man There's a quietness from the WTO when it comes to Iraq...Why did they do that? We can speculate on that. The truth be told is Iraq...would have more impact on the economic situation in the global financial system...It's a big thing, a very big thing that the WTO lifted up two of the smallest lower developed countries in the world but they didn't talk about one that was going to fix the financial system in the world. They didn't talk about Iraq...Why? The shocks that the World Bank talked about. You can't go and shock the whole world...and not have everybody ready because that's going to cause chaos...
MARKETS A LOOK AHEAD: Systemic MELTDOWN... And Its NOT The STOCK MARKET!
Greg Mannarino: 3-3-2024
"Tidbits From TNT" Sunday 3-3-2024
TNT:
Tishwash: Parliament collects 150 signatures to pass the blocked laws
Although Parliament collected nearly 150 parliamentary signatures to put the stalled laws on the shelves for years, these efforts seem to clash with political consensus.
Member of the Parliamentary Integrity Committee, Hamid Al-Shablawi, told “Al-Sabah”: “It is one of the most important legislations and laws that serve the country and segments of society and the return of state funds, in addition to those that limit corruption and enhance the role of supervisory authorities, including the state funds recovery law,” indicating that “ The Financial Supervision Law is an addition to these laws, as it allows the Financial Supervision Authority a broader scope of work.”
TNT:
Tishwash: Parliament collects 150 signatures to pass the blocked laws
Although Parliament collected nearly 150 parliamentary signatures to put the stalled laws on the shelves for years, these efforts seem to clash with political consensus.
Member of the Parliamentary Integrity Committee, Hamid Al-Shablawi, told “Al-Sabah”: “It is one of the most important legislations and laws that serve the country and segments of society and the return of state funds, in addition to those that limit corruption and enhance the role of supervisory authorities, including the state funds recovery law,” indicating that “ The Financial Supervision Law is an addition to these laws, as it allows the Financial Supervision Authority a broader scope of work.”
Al-Shiblawi added, “The Council Presidency did not include important laws on the agenda, despite collecting signatures of up to 150,” expressing his hope that “the committee will take an active role in these legislations and within a broader course of oversight work.”
He explained, "Despite this, the hostilities continue at the level of ministers and general directors, and many large corruption files have been opened in the Integrity Committee pertaining to the Ministries of Electricity and Transport, the National Investment Authority, and files pertaining to the Ministries of Oil and Reconstruction and others." link
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The International Monetary Fund praises the steps of the Central Bank of Iraq to support the economy
Experts from the International Monetary Fund mission praised the measures taken by the Central Bank of Iraq, which contributed to maintaining the stability of the Iraqi economy and working to raise its capabilities.
The mission said in the final statement on the sidelines of the meetings held in the Jordanian capital, Amman, that “growth in the non-oil sector returned strongly in 2023, with inflation receding. Growth in real non-oil GDP is estimated at 6 percent in 2023.
After declining in 2022, overall inflation declined from the high level it reached at 7.5 percent at the beginning of 2023, to 4 percent by the end of the same year, reflecting the decline in food and energy prices at the international level.”
The mission attributed these developments to “the return of trade financing operations to their normal course and the stability of the foreign exchange market.
After some interruptions occurred following the implementation of the new anti-money laundering and counter-terrorist financing controls on cross-border payments in November 2022, improved compliance with the new system, The Central Bank of Iraq’s initiatives to reduce transaction processing times have led to a recovery in trade financing in the second half of 2023. This has ensured that the private sector can obtain foreign currency at official rates for import and travel purposes.”
The mission welcomed "the initial steps taken towards establishing the Treasury Single Account (TSA), which is considered a critical tool for improving cash liquidity management."
The mission praised the efforts made by the Central Bank of Iraq aimed at getting rid of excess liquidity. The Central Bank increased the interest rate on monetary policy tools and raised mandatory reserve requirements, and also began issuing treasury bills with a maturity of 14 days last summer.
The Fund called for Supporting existing efforts by the Central Bank by consolidating unused government deposits in the unified treasury account, refraining from pro-cyclical financial policy, reducing reliance on monetary financing, and improving public debt management, noting the continuation of efforts aimed at establishing an interbank market with support. "From the technical assistance provided by the International Monetary Fund.
The mission also welcomes the steps taken by the authorities to accelerate the pace of digitalization of the economy, reduce dependence on cash and enhance financial inclusion."
Central Bank of Iraq
Information Office
3 March 2024 link
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Tishwash: Washington is deceiving... Iraq is moving internationally to expel its forces, and America is stalling again
Efforts to remove American combat forces from Iraq collide with America's plan, through which it seeks to circumvent all meetings, statements and joint committees by imposing the agreement on a timetable extending for another five years, amid popular and political calls demanding the immediate exit of Washington's combat forces.
As for the Iraqi government, it is counting on international pressure through global meetings and forums, the most recent of which is the Turkish Antalya Forum, in which Iraq discussed the necessity of completely removing foreign forces from Iraqi territory during the coming period, after the number of violations and indirect occupation constituted by the presence of these forces.
*Procrastination and procrastination
Speaking about this file, the State of Law Coalition describes America's efforts to set a 5-year timetable for the file of removing its forces from the country as procrastination and procrastination, while stressing that negotiations are not useful with Washington's malicious policies.
Coalition member Ibrahim Al-Sakini said in an interview with the Maalouma Agency, “The diplomacy that Iraq pursued during the previous years led to the presence of thousands of American combat forces in the country,” noting that “talking about the exit of American forces Within five years is a joke on the chin.” .
He continues, “One of the escalatory steps to prove the seriousness of the negotiation is closing the American embassy or the military barracks located in Baghdad,” pointing out that “Washington is exercising various types of blackmail against Iraq through the dollar issue, in order to continue its combat forces in the country."
He added, "Washington is putting pressure on the country by seizing the money from the sale of oil in the Federal Bank in order to give up these national issues," noting that "America's effort to set a timetable extending to 5 years regarding the issue of removing American forces from the country is public procrastination and procrastination.”
*Negotiating committees
In addition, Member of Parliament Thaer al-Jubouri believes that forming joint committees with the United States of America will not achieve all goals, while he stressed that pressure through international meetings to remove American forces is important at this stage.
Al-Jubouri said in an interview with the Maalouma Agency, “The support of some internal forces for the presence of American combat forces inside Iraq has weakened the position of other political forces towards expelling the occupation,” noting that “Washington is working to weaken Iraq’s combat capabilities in order to show weak protection for the country.”
He continues, “The pretext of training and consultation is unrealistic compared to the large military presence inside Iraqi territory,” pointing out that “the scenario of negotiation and international pressure to remove Washington’s forces from the country requires greater and deeper efforts.”
Al-Jubouri continues his speech: “Boasting about diplomacy with the United States of America are points of procrastination that are focused on in order to continue its presence in the military bases,” adding that “pressure through international meetings to remove American forces is important at this stage.”
The American forces continue their field and military violations, in addition to controlling the Iraqi airspace and bombing security forces and civilians in a number of provinces, in addition to controlling armament contracts, and not allowing Iraq to develop the land, sea, and air military capabilities that it lacks as a result of American dominance over this file link
Mot: ..... I Try!! -- I Really Do!!! --- BUT~~~~
Mot: Make Good Choices
Iraqi Dinar Video Updates Late Saturday Evening 3-2-24
Iraqi Dinar Video Updates Late Saturday Evening 3-2-24
Iraqi Dinar Acession To WTO And Summary Today 2024 – 4:11
Vietnam Dong Latest Update Today 2024 – 2:41
Iraqi Dinar Finally US Bank Fix New Value Of IQD 4.76$ Today 2024 – 2:30
Iraqi Dinar Iraq Bank Released New Rate Of IQD Today 2024 – 2:49
Iraqi Dinar Video Updates Late Saturday Evening 3-2-24
Iraqi Dinar Acession To WTO And Summary Today 2024 – 4:11
Vietnam Dong Latest Update Today 2024 – 2:41
Iraqi Dinar Finally US Bank Fix New Value Of IQD 4.76$ Today 2024 – 2:30
Iraqi Dinar Iraq Bank Released New Rate Of IQD Today 2024 – 2:49
Iraqi Dinar Acession To WTO And Summary Today 2024 – 4:11
Vietnam Dong Latest Update Today 2024 – 2:41
Iraqi Dinar Finally US Bank Fix New Value Of IQD 4.76$ Today 2024 – 2:30
Iraqi Dinar Iraq Bank Released New Rate Of IQD Today 2024 – 2:49
Iraqi News Highlights and Points to Ponder Sunday AM 3-3-24
Iraqi News Highlights and Points to Ponder Sunday AM 3-3-24
To Achieve Economic Stability, The International Monetary Fund Directs 4 Requests To The Iraqi Government
Arab and international Economy News – Baghdad The International Monetary Fund called on the Iraqi government to adjust public finances, increase the public sector wage bill, expand the tax base, and increase non-oil revenues to achieve economic stability.
This came in a statement issued by the Fund, on Sunday, at the conclusion of Article Four consultations with Iraqi financial and economic officials, which took place in the Jordanian capital, Amman, during the period between 20-29 last February.
The fund said: “To overcome oil price fluctuations, Iraq must achieve high economic growth to accommodate the growing workforce, enhance non-oil exports, expand the tax base and adjust the wage bill.”
He considered that the government must "strive to enable the private sector to develop and grow, carry out labor market reforms, modernize the financial sector, restructure state-owned banks, reform the retirement and electricity sectors, and reduce corruption."
Iraqi News Highlights and Points to Ponder Sunday AM 3-3-24
To Achieve Economic Stability, The International Monetary Fund Directs 4 Requests To The Iraqi Government
Arab and international Economy News – Baghdad The International Monetary Fund called on the Iraqi government to adjust public finances, increase the public sector wage bill, expand the tax base, and increase non-oil revenues to achieve economic stability.
This came in a statement issued by the Fund, on Sunday, at the conclusion of Article Four consultations with Iraqi financial and economic officials, which took place in the Jordanian capital, Amman, during the period between 20-29 last February.
The fund said: “To overcome oil price fluctuations, Iraq must achieve high economic growth to accommodate the growing workforce, enhance non-oil exports, expand the tax base and adjust the wage bill.”
He considered that the government must "strive to enable the private sector to develop and grow, carry out labor market reforms, modernize the financial sector, restructure state-owned banks, reform the retirement and electricity sectors, and reduce corruption."
Iraq is the second largest producer of crude oil in OPEC after Saudi Arabia, with an average daily production of 4.6 million barrels per day under normal conditions, and relies on crude export revenues to provide 90 percent of the state’s financial income.
The Fund added: “Growth in the non-oil sector returned strongly during 2023... Growth in real non-oil GDP is estimated at 6 percent, and overall inflation declined from the high level of 7.5 percent in January 2023, to 4 percent by the end of the same year.” ".
He continued: "The decline in inflation is due to the decline in food and energy prices at the international level, and the impact caused by the revaluation of the price of the Iraqi currency in February 2023."
He estimated that the improvement in oil prices in 2022 and the first months of 2023 contributed to the rise in international reserves to 112 billion dollars, from an average of 88 billion at the end of 2021. He said: “If regional tensions escalate, an interruption in shipping routes or damage to "This may lead to losses in Iraqi oil production."
Article Four of the Agreement Establishing the International Monetary Fund stipulates that bilateral discussions with member countries usually take place on an annual basis. A team of Fund experts visits the member country, collects the necessary economic and financial information, and holds discussions with official officials about economic developments and policies in that country...
03/03/2024 - https://economy-news.net/content.php?id=41056
With A Dollar Bill... Deputy: The US Treasury Is Putting Pressure On Iraq
Information / Baghdad.. Today, Sunday, the representative of the Fatah Alliance, Ola Al-Nashi, accused the US Treasury Department of obstructing the Iraqi government’s reforms in light of waving the economic card through the dollar file.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Nashi told Al-Maalouma, “The economics file is more important than politics and what is happening in it, and it is the aspect that is focused on to thwart any government if it achieves successes and is able to get closer to the people.”
He added, "The government is required to take strong decisions against them in order to control the dollar crisis, noting that the American administration changed its sights towards the economic card after its failure in the soft war against Iraq."
Al-Nashi pointed out that “the rise in the dollar exchange rates in local markets is a political file to put pressure on Muhammad Shiaa Al-Sudani.”
The dollar exchange rates are witnessing a significant increase in the Iraqi markets, as the price of one dollar has reached more than 152 dinars, amid fears that this rise will continue. LINK
Parliamentary Bloc: America Prevents Iraq From Joining The Chinese Agreement
Economy Information / Baghdad.. The head of the Al-Sadiqoun parliamentary bloc, Habib Al-Halawi, confirmed today, Sunday, that America is pushing to prevent Iraq from joining the Belt and Road Initiative.
Al-Halawi said in an interview with the Maalouma Agency, “The United States of America is pushing to prevent and obstruct Iraq’s association with the Silk Road Economic Project, adding that Iraq’s association with the Chinese initiative represents a strategic opportunity to activate Iraq’s role within the Belt and Road Initiative.”
He pointed out that "America stands as an obstacle to the growth of the Iraqi economy and does not allow Chinese companies to invest in Iraq, stressing that there is a desire among the Iraqis to consolidate bilateral relations with China." LINK
Foreign Minister: Iraq May Adjust Its Financial Budget For This Matter
Economy News – Baghdad The Iraqi Foreign Minister said that his country may amend its federal budget to pay recovery and transit fees to international oil companies, in an attempt to restart an important oil pipeline a year after it was stopped.
Fouad Hussein told Bloomberg News, “Talks are ongoing between oil companies, the Iraqi government in Baghdad, and the semi-autonomous Kurdistan Regional Government to resume crude oil exports through Turkey. The pipeline closure has blocked about half a million barrels of crude oil from global markets.”
Turkey stopped flows through the pipeline - which transports oil from the Kurdish region in Iraq to the Turkish port of Ceyhan - in March 2023 after an arbitration court ordered it to pay about $1.5 billion in compensation to Iraq for transporting oil without Baghdad’s approval.
Long-standing dispute
The arbitration decision was the culmination of a long-standing dispute between Baghdad and the Iraqi Kurdistan region over the rights to collect revenues from oil sales.
Iraq is trying to resolve the dispute to strengthen relations with Turkey on issues ranging from trade to security ahead of the expected visit of President Recep Tayyip Erdogan to Baghdad on April 22. The main discussion centers on transportation and recovery fees, which the Iraqi minister says have a real cost of approximately $21 per barrel, compared to $6 in the budget.
Hussein said, on the sidelines of a diplomatic forum in the Turkish city of Antalya, “The best way is to make an adjustment in the budget, from $6 to what it is on the ground.” He added: "If we agree to amend the budget law, let us say that this will open the way for oil exports."
Iraq was exporting about 400,000 to 500,000 barrels per day from the northern fields, including the Kurdish region, through the currently suspended pipeline. The pipeline closure cost Iraq more than $7 billion in lost revenue over the past year, which Hussein described as a "huge loss."
Hussein refused to give an estimate of how long it would take to make the required amendment, which requires the support of Iraqi political parties, as well as the election of a new speaker of parliament. But he said that Baghdad and the Kurdistan Regional Government had reached an understanding regarding the resumption of exports, and that the Turkish side had no objections.
Security cooperation between Baghdad and Ankara
The interview also stated:
Turkish Foreign Minister Hakan Fidan is expected to visit Baghdad this month to hold a second round of talks on security cooperation to prevent separatists from the Kurdistan Workers’ Party from using northern Iraq as a launching point to launch attacks on Turkey, as well as on Turkish forces inside Iraq.
Iraq and Turkey are seeking to persuade the Gulf states to help finance a trade route worth $17 billion extending from the port of Al-Faw in the Iraqi province of Basra to Turkey, and then to Europe. “We cannot finance it ourselves,” Hussein said. “The current situation in the Red Sea and Bab al-Mandab also proves that we need different ways to reach Europe.”
Red Sea tensions revive the trade line linking Egypt, Jordan and Iraq.
He added: “Internal security in Iraq is very good in general, but the entire security in the region is threatened by the war in Gaza,” referring to attacks in the Red Sea, as well as US air strikes in Iraq.
In response to a question about whether the recent visit of an Iranian delegation to Iraq had led to a clear cessation of militant attacks on American forces, Hussein said: “This is apparently the case.”
Regarding Iraq's previous request for the withdrawal of the remaining American military trainers and advisors, Hussein said that an Iraqi military committee held discussions with American officials more than a week ago and "will submit a report to the prime minister and political leaders. On the basis of its report, we will develop another plan." 03/03/2024 - https://economy-news.net/content.php?id=41053
Provoking Points to Ponder on Decisions
Once the "what" is decided, the "how" always follows. We must not make the "how" an excuse for not facing and accepting the "what." - Pearl S. Buck
In each action we must look beyond the action at our past, present and future state, and at others whom it affects, and see the relation of all those things. And then we shall be very cautious. - Blaise Pascal
One's mind has a way of making itself up in the background, and it suddenly becomes clear what one means to do. - Arthur Christopher Benson
Not all of your decisions will be correct. None of us is perfect. But if you get into the habit of making decisions, experience will develop your judgment to a point where more and more of your decisions will be right. After all, it is better to be right 51 percent of the time and get something done, than it is to get nothing done because you fear to reach a decision. - H. W. Andrews
Decide on what you think is right, and stick to it. - George Eliot
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Iraqi Dinar Today Video Updates Sunday AM 3-3-24
Iraqi Dinar Today Video Updates Sunday AM 3-3-24
CBI sells one billion dollars in forex last week on Forex – 3:38
CBI Show New Exchange Rate Of Iraqi Dinar – 3:28
Iraqi Dinar Today Video Updates Sunday AM 3-3-24
CBI sells one billion dollars in forex last week on Forex – 3:38
CBI Show New Exchange Rate Of Iraqi Dinar – 3:28
CBI sells one billion dollars in forex last week on Forex – 3:38
CBI Show New Exchange Rate Of Iraqi Dinar – 3:28
News, Rumors and Opinions Sunday AM 3-3-2024
KTFA:
Frank26: "SO IS THE WHOLE WORLD!!!"...............F26
Iraq is looking forward to joining the World Trade Organization
3/1/2024 Baghdad
Today, Friday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files.
The ministry’s official spokesman, Muhammad Hanoun, told the official media and followed by “Al-Ghad Press” that“Iraq joined as an observer in the World Trade Organization from 2004, and until 2023. This accession facedmany problems and challenges, the most recent of which was the failureto pay dues to join the observer organization
KTFA:
Frank26: "SO IS THE WHOLE WORLD!!!"...............F26
Iraq is looking forward to joining the World Trade Organization
3/1/2024 Baghdad
Today, Friday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files.
The ministry’s official spokesman, Muhammad Hanoun, told the official media and followed by “Al-Ghad Press” that“Iraq joined as an observer in the World Trade Organization from 2004, and until 2023. This accession facedmany problems and challenges, the most recent of which was the failureto pay dues to join the observer organization
But after... The announcement of the government program by Prime Minister Muhammad Shiaa Al-Sudani began work again on the possibility of Iraq joining this organization, as two sessions took place and a dialogue was held with the organization by the Iraqi negotiating team headed by the Minister of Commerce, Atheer Al-Ghurairi, which included all the relevant Iraqi ministries and bodies.
Hanoun added, “The World Trade Organization assigned the Saudi representative to the organization, Saqr Al-Muqbel, to manage the file of Iraq’s accession, and he came to Baghdad on an important visit and met with the Iraqi negotiating team, and many issues were addressed, the most important of which were the files of goods and services, as well as the legislation that the Iraqi economic reform team in the Prime Minister’s Office would carry out.” By addressing it within the frameworks and legislation within which the World Trade Organization operates.”
He continued, "Joining will achieve many things for Iraq, most notably that it will support the file of Iraqi goods and facilitate their entry into global markets, and secondly, the harmonization of Iraqi laws and regulations with international laws and regulations," pointing out that "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws." .
He stressed, “Minister of Trade Atheer Al-Ghurairi attended the third session of the World Trade Organization, which was held in the Emirate of Dubai in the UAE, and met with the Assistant Director-General of the organization. We believe that the meeting will achieve progress in achieving the government’s aspirations regarding accession in an accelerated manner,” appreciating “the Saudi efforts in overcoming many special obstacles.” Iraq's accession to the World Trade Organization. LINK
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Frank26: "EXAMPLE OF THE CURRENCIES FOR THE BASKET"...........F26
The Iraqi Central Bank confirms to Shafaq News the provision of five foreign currencies as an alternative to the dollar for merchants
3/2/2024
The Central Bank of Iraq confirmed, on Saturday, that it has provided five alternative currencies to the dollar, for merchants to use in purchasing their goods from other countries using each country’s currency through the bank.
Deputy Governor of the Central Bank, Ammar Hamad, told Shafaq News Agency, “The Central Bank provided other foreign currencies to Iraqi merchants, which are (the euro, the Chinese yuan, the Turkish lira, the Emirati dirham, and the Indian rupee).
He added, "These currencies have become available to merchants for the purpose of financing foreign trade. When a merchant imports goods from China, he can now pay the Iraqi dinar to the Iraqi bank, and through the bank, the amount will be paid to the Chinese company and factory in the Chinese currency."
Last week, the Central Bank of Iraq's total sales of hard currency in US dollars amounted to more than one billion dollars.
Shafaq News Agency correspondent stated that the Central Bank sold during the past week, and for a period of five days during which the auction was opened, one billion and 52 million and 796 thousand and 86 dollars, at a daily rate of 210 million and 559 million and 217 dollars, lower than what it recorded the previous week, when it amounted to one billion and 62. One million 587 thousand and 198 dollars. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question 'Will 25000 [dinar note] still be worth the same if it's 1 to 1?' Yes. A 25000 Iraqi note at a rate of 1 to 1 is equal to $25,000.
Frank26 Question: "Will they make a formal announcement in Iraq just prior to letting the RI go?" No. There won't be any announcement. It's actually going to be snuck up on them. One day the Iraqi citizens will wake up and they'll get a text or ping or whatever and they'll be notified to get your butts into the banks and they will be given what will be given to them...
It’s Game Over: Proof That The Dollar Is Collapsing
Atlantis Report: 3-2-2024
The longstanding dominance of the U.S. dollar as the world's primary reserve currency is being challenged, signaling a potential collapse in its global stance.
THEY LIED: Major Gold Price Shift Incoming - Andrew Maguire Gold & Silver
Gold IRA Blueprint: 3-2-2024
MilitiaMan: Iraq Dinar - IQD Dinar Update -CBI - Foreign Currency Trade - Iraq Dinar - Price Change Expectation
Iraq Dinar - IQD Dinar Update -CBI - Foreign Currency Trade - Iraq Dinar - Price Change Expectation
MilitiaMan and Crew: 3-2-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Dinar - IQD Dinar Update -CBI - Foreign Currency Trade - Iraq Dinar - Price Change Expectation
MilitiaMan and Crew: 3-2-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..