With tens of millions of euros…the Central Bank begins covering retailers’ imports from Turkey

The Central Bank of Iraq began covering retailers’ imports from Turkey with tens of millions of euros as an initial payment, in implementation of the banking arrangements agreement concluded with Turkey last week.

A government source told Al-Sumaria News, “In implementation of the banking arrangements agreement that were concluded with…Türkiye, last week, it started covering imports from retailers Türkiye in tens of millions of euros, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros to settle with Turkish merchants in Turkish lira.

Earlier, he revealed the discussions held by the joint Iraqi delegation in Türkiye…. a statement from the bank; “The discussions conducted by a joint Iraqi delegation (the government, the central bank, the Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) were completed in Istanbul returned to Baghdad on Friday.”

He added, “It was agreed to make banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major merchants and importers and to make and pay transfers in the euro and Turkish lira currencies.”

Alsumaria.tv

We buy Dinar!! 

We offer legitimate Dinar (and Dong) Buy-Backs at the highest rate in the industry & are quick on turn around times.

If you would like to sell some Dinar (or Dong), please call us direct, send a text (615-509-6256), or send an e-mail (bgg@ozarkisp.net).

Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar

Information / Baghdad… Economic expert, Safwan Qusay, confirmed on Tuesday that the shift towards adopting electronic cards in financial transactions will allow the Central Bank to track the movement of the dinar, pointing out that working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes.

Qusay told Al-Maalouma, “The Central Bank will be able to track the movement of the dinar through the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations, as well as reduce cases of corruption that may occur when supplying generator owners with kerosene.”

He added, “The more the federal ministries expand their procedures to shift toward electronic cards in financial transactions, the more they will be able to convert transactions from paper dinars to electronic ones that go directly into the banking system.”

He stated that “working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies. It will be placed in the banking system and re-injected in the form of projects and job opportunities.”

Almaalomah.me

Follow us on DinarUpdates:

on Twitter – @DinarUpdates – https://twitter.com/DinarUpdates

http://DinarUpdates.com/blog – The BLOG (Dinar news articles)

http://Dinarupdates.com/observer – The OBSERVER (Dinar guru commentaries)

…and of course on FaceBook:

Facebook.com/groups/571383766355188

Parliamentary Integrity: We are determined to activate the laws in force to combat corruption

Information / Baghdad… Member of the Parliamentary Integrity Committee, Hamid Al-Shablawi, confirmed on Tuesday the failure of the supervisory authorities to implement anti-corruption laws, indicating that his committee seeks to amend the anti-corruption laws.

Al-Shablawi said in an interview with the Maalouma Agency, “There are joint efforts with the executive authority in order to activate the laws in force to combat corruption.”

He added, “The laws enacted after 2003 and until now have not been implemented by successive governments due to the lack of real implementation mechanisms to fight corruption.”

He pointed out that “Parliament is determined to establish clear mechanisms to properly implement the upcoming anti-corruption laws to serve the public interest,” calling for “more efforts to activate the effective anti-corruption laws.”

A member of the Parliamentary Integrity Committee, Doha Al-Qasir, had confirmed in a previous interview with Al-Maalouma that her committee was heading towards legislating laws that support the Integrity Commission, noting that the legislative and judicial structure is an integrated system to combat corruption.

Almaalomah.me

The rule of law calls for the expulsion of the American ambassador… Iraq will not be stable with her presence

Information / private… Today, Tuesday, the leader of the State of Law coalition, Ibrahim Al-Sakini, called on the government and parliament to end the movements of the American ambassador and her provocative statements after the bombing of the Popular Mobilization Forces, while stressing that these statements revealed the falsity of the advisors’ claim.

Al-Sakini said, in an interview with the Maalouma Agency, that “the ambassador’s statements and the claim of self-defense are nothing but an acknowledgment of the presence of military combat forces inside the American bases,” noting that “the continued bombing of the Iraqi security forces is tantamount to war on the country.”

He continued, “Iraq will not reach a stage of calm and stability unless the work of the American embassy is terminated and the current ambassador is expelled,” pointing out that “the consequences of removing the embassy and ending the American presence will not be more difficult than the current stage, whatever it may be.”

The leader of Al-Maliki’s coalition concluded his speech: “If the government is unable to close the American embassy, ​​the people will have another position,” adding that “the statements of the American ambassador, Elena Romanowski, revealed the falsity of the claim of military advisors and trainers.”

Former MP Ayoub Al-Rubaie described, in an interview with the Maalouma Agency, that “US Ambassador Alina Romanowski’s tweet about justifying the bombing of the Popular Mobilization Forces is a transgression against the blood of Iraqis.”

The American ambassador continues to violate the law and diplomatic norms through suspicious movements, as well as provocative statements to citizens after the brutal American bombing on the government Popular Mobilization Forces in Kirkuk and Jurf al-Nasr.

Almaalomah.me

Al-Rasheed opens the dollar purchasing platform for travelers this evening

Shafaq News / Al-Rashid State Bank announced on Tuesday that it will open the dollar purchasing platform for travelers wishing to buy it for travel purposes, at eight o’clock this evening.

The bank’s media office said in a statement received by Shafaq News Agency, “The new mechanism requires advance reservation for the traveler by entering the link on the bank’s official page to obtain the reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport.”

The bank added, “With this procedure, it will be easier for the citizen to purchase the dollar smoothly, and we will confirm that the data is entered in the fields correctly so that the reservation process is completed successfully.”

Shafaq.com

The President of the Republic: There is no dollar crisis in Iraq

Iraqi President Abdul Latif Rashid denied the existence of a “dollar crisis” in his country, while indicating that American forces would never return to Iraq.

Rashid stated in a television interview that the Federal Supreme Court made its decision in the case of terminating the membership of the Speaker of the House of Representatives “based on the laws,” noting that Al-Halbousi accepted the decision.

The Iraqi President continued: “Now we have begun a new phase to fill the seat of Speaker of Parliament by electing a candidate from among the members of Parliament, and there is currently a first deputy and a second deputy Speaker of Parliament to manage matters, and in a democratic atmosphere these are normal things.”

Regarding the country’s economic situation, and his recent visits to Azerbaijan and Armenia, the Iraqi president stressed “the need to attract investments from various friendly countries.”

He said: “The situation in Iraq now is good from a security standpoint, and this has a significant impact on economic stability. Until a few years ago, we suffered from the repercussions of security instability on the economy. We are ready to implement the government’s program that aims to improve infrastructure in all areas, including That includes energy, water, housing, roads, bridges, etc.

He continued: “At the same time, our focus is on providing services to the Iraqi people, as the country suffers from an old state of neglect, and the government is taking seriously to improve the service situation in terms of education, health, agriculture and other fields. We encourage cooperation with investors, and starting energy, water and agricultural projects, not Especially since Iraq’s budget is now better than before.”

In response to what is being raised about the dollar crisis in Iraq, Rashid stressed that there is no dollar crisis, and that the issue is related to the change in the dollar exchange rate from time to time.

He added, “Until recently, Iraqi markets were open to any foreign currency, and this does not help the Iraqi currency. Therefore, we took some measures to strengthen the dinar’s strength and control the market.”

The Iraqi President stressed that his country’s economic situation is good, both on the general level and on the individual level, but at the same time he pointed out that there are problems related to unemployment and others: “We hope to improve the situation and encourage the private sector to contribute to providing job opportunities for university graduates.”

In a separate context, Rashid stressed that American forces will never return to Iraq, noting that the joint agreements between Baghdad and Washington stipulate “cooperation in combating extremist groups.”

Rashid added, “We have agreements with the United States and the international coalition, and now most of their activities are focused on training the Iraqi security forces and fighting ISIS in some border areas.”

Regarding the Israeli war in the Gaza Strip, the Iraqi president said: “We feel pain as we witness the tragedy that the Palestinian people are experiencing. We condemn the ongoing aggression against the people of Gaza and the killing of children. We demand an end to the fighting and the continuation of negotiations to find a solution to the Palestinian issue in general.”

He added: “We are in Iraq at the popular and governmental levels, and the Presidency of the Republic is with the Palestinian people, and this has always been our position.”

He continued: “We support the Palestinian people achieving all their rights, including building their independent state stipulated in United Nations resolutions.”

Almutalee.com

Parliamentary Integrity forms a committee to follow up on the dollar file

Information / Baghdad.. Today, a member of the Parliamentary Integrity Committee, Doha Al-Qasir, revealed the formation of a small committee within the committee to follow up on the dollar file in the Central Bank of Iraq.

Al-Quseir said in an interview with the Maalouma Agency, “Parliamentary Integrity formed a small committee to follow up on the issue of the rise in the price of the dollar with the Central Bank and find solutions as quickly as possible.”

She added, “The mini-committee will submit its report in detail to Parliamentary Integrity to clarify the reasons for the rise in the dollar and the parties involved in the case.”

Al-Qusair explained, “There are other committees formed to follow up on the files and according to their specializations to exercise their oversight role accurately,” stressing that “the mini-committee is continuing its work in cooperation and coordination with the Central Bank.”

Member of Parliament Hadi Al-Salami had previously confirmed the absence of transparency standards in the Central Bank auction, pointing out that the Central Bank hides the details of its daily bulletin of hard currency sales.

Almaalomah.me

A new step may fluctuate the dollar exchange rates… What do economists think?

Information / private… Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.

Al-Mashhadani said, in an interview with the “Al-Ma’louma” agency, that “visiting the dollar balance of ten banks will be one of the factors that will reduce the pressure on the dinar, because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or not,” indicating that “the past few days It witnessed the rejection of 80% of foreign remittances.”

He added, “The pressure will also be eased on the dinar, because the transfer transactions, or the parties to whom they are transferred, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.”

The economic expert explained, “These banks have relationships, as partners, with international banks such as Al-Qantar National Bank, Capital Bank, and Kuwait Finance Bank, in addition to the Kuwait National Bank,” noting that “it is true that these banks are Iraqi, but the entry of the founding partners of these international banks organized “To them.”

Al-Mashhadani stated, “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days. However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.

Almaalomah.me