Development Fund for Iraq

Development Fund for Iraq

2023-11-11

Diaa Al-Mohsen
This fund was established pursuant to UN Security Council Resolution No. 1483/2003, where the resolution stipulated in paragraph (20) of it:

((It is decided that all of Iraq’s exports of oil, petroleum products and natural gas sales after the date of making this decision shall be consistent with prevailing international market best practices, and that their accounts shall be audited by Read more…

Iraqi Dinar Guru opinions 11-10-2023

Iraqi Dinar Guru opinions 11-10-2023

11-10-2023 Intel/Newshound Guru Mnt Goat The CBI and the Finance Committee are really tightening their restrictions on the dollar. They need to get this de-dollarization process ended…Why not just make the dinar much more valuable than the dollar “officially” by raising the rate? …we can see the CBI wants to follow up on this outcome…we know they first have to create the demand for the IQD outside of Iraq…That is the hurdle the CBI is now working on. They must now get agreements in place to accept the dinar in trade transactions with other Arabic countries and other developed nations trading partners. Read more…

A parliamentarian answers… Will restarting factories reduce demand for the dollar?

A parliamentarian answers… Will restarting factories reduce demand for the dollar?

11-10-2023

Information / Baghdad
Today, Friday, a member of the House of Representatives, Salem Al-Anbuki, explained the impact of restarting factories on the dollar in the Iraqi markets, while pointing to the factors of pressure on the parallel market.

Al-Anbaki said in an interview with Al-Ma’louma, “The most important factors putting pressure on Read more…

The head of the Integrity Commission stresses holding the corrupt, especially the big ones, accountable publicly

The head of the Integrity Commission stresses holding the corrupt, especially the big ones, accountable publicly

11-10-2023

Information/Baghdad…
Today, Friday, the head of the Federal Integrity Commission, Judge Haider Hanoun, stressed the need for anti-corruption measures to be transparent and for the public to be informed of their outcomes, stressing that the accountability of the corrupt, especially Read more…

An economic institution attributes the problem of increasing demand for homes in Iraq to the large consumption of imported goods

An economic institution attributes the problem of increasing demand for homes in Iraq to the large consumption of imported goods

2023-11-10 01:06

Shafaq News/ The Future Iraq Foundation for Economic Studies and Consultations, on Friday, attributed the problem of increasing demand for the dollar in the markets to the large consumption of imported goods, as its volume during Read more…

Official source: Importing the dollar is legal according to effective instructions

Official source: Importing the dollar is legal according to effective instructions

2023-11-10 11:08

Shafaq News/ On Thursday, an official source refuted the allegations that there was no legal basis for the process of importing foreign currency by Iraqi banks.

The source told Shafaq News Agency: The decision of the State Shura Council (No. 2/2011) dated 1/10/2011, which says (there is no legal basis for importing currency) is correct. However, the Central Bank of Iraq issued its instructions Read more…

Iraqi Dinar Guru opinions 11-9-2023

Iraqi Dinar Guru opinions 11-9-2023

11-9-2023 Guru Nader From The Mid East Article quote: “The Central Bank of Iraq…decided to allow you to import foreign currency from outside Iraq…” Very very important. We start receiving money internationally…this means in a couple days we be International be on Forex…Get ready to cash out soon… Read more…

Iraqi Dinar/US Dollar auction results for today 11-9-2023

Iraqi Dinar/US Dollar auction results for today 11-9-2023

Results of the foreign currency selling window, Thursday 11/9/2023
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The Central Bank allows the import of Iranian tomans with its latest decision.. Experts but how?

The Central Bank allows the import of Iranian tomans with its latest decision.. Experts but how?

11-9-2023

Iraqi experts said that the Central Bank’s decision to “conditionally” allow the import of foreign currency likely targets currencies subject to American sanctions or restrictions, such as the Iranian toman, or exceeds the limits on some companies in the Gulf and Turkey, via the lira and a number of Read more…

The Central Bank announces a decline in inflation rates for the current year

The Central Bank announces a decline in inflation rates for the current year

11-9-2023

Information/Baghdad..
Today, Thursday, the Central Bank of Iraq announced a decrease in inflation rates for the current year 2023.
The Central Bank stated in a statement received by the “Inflation Rate” that “the inflation rate decreased from Read more…

American forces begin constructing new buildings in Ain al-Assad

American forces begin constructing new buildings in Ain al-Assad

11-9-2023

Information / Anbar..
A security source revealed, on Thursday, that operations had begun to establish new buildings for American forces inside the Ain al-Asad air base, west of Anbar.

The source said in a statement to the Maalouma Agency, “The American forces have begun the process of constructing new buildings for their forces inside Read more…

Iraq maintains its 30th position in the world with the largest gold reserves

Iraq maintains its 30th position in the world with the largest gold reserves

2023-11-09 00:10

Shafaq News/ The World Gold Council announced, on Thursday, that Iraq maintained its 30th place in the world with the largest gold reserves.

The Council said in its latest table for the month of November 2023, viewed by Shafaq News Agency, that “Iraq maintained its ranking Read more…

A campaign is launched in Iraq to dismiss the governor of the Central Bank

A campaign is launched in Iraq to dismiss the governor of the Central Bank

11-9-2023

The campaign initiated by Iraqi parties against the Governor of the Central Bank with the aim of removing him from his position based on his failure to stop the rapid rise in the dollar exchange rate, does not necessarily aim to fix the imbalances in the banking system in the country, but rather its goal may be to plunge it Read more…

Iraqi Dinar Guru opinions 11-8-2023

Iraqi Dinar Guru opinions 11-8-2023

11-8-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Oil and Gas law by the 9th…or have to wait…Without the Oil and Gas no rate until 2024. FRANK: You say, without the HCL you will not have an exchange rate until January 1st? I can agree with you to a certain point…IMO Between now and January 1 you will see what you want…They already gave you a clue – The dollar will stop on January 1st… Read more…

Iraqi Dinar/US Dollar auction results for today 11-8-2023

Iraqi Dinar/US Dollar auction results for today 11-8-2023

Results of the foreign currency selling window, Wednesday 11/8/2023
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America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law

America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law

2023-11-08 13:02

Shafaq News/ The Ministry of Natural Resources in the Kurdistan Regional Government announced, on Tuesday, that an American diplomatic delegation confirmed that Washington is closely following the process of resuming oil exports through the region’s pipeline to Turkey and legislating the oil and gas law. Read more…

Parliamentary Finance calls for an emergency session regarding the rise in the dollar exchange rate

Parliamentary Finance calls for an emergency session regarding the rise in the dollar exchange rate

08-11-2023

The Parliamentary Finance Committee called on the leaders of the political blocs to hold an emergency session regarding the rise in the price of the dollar against the Iraqi dinar, while describing the Central Bank’s solutions as marginal and not Read more…

Economist: The dollar exchange rate will be equal to the government price early next year

Economist: The dollar exchange rate will be equal to the government price early next year

2023-11-08 07:59

Shafaq News/ Academic and economic expert Dr. Khaled Haider expected Tuesday, the price of the dollar to stabilize against the Iraqi dinar, close to government pricing, with the start of next year.

Dr. Khaled Haidar said in a statement to Shafaq News Agency, that the current political situation is directly linked Read more…

The Central Bank allows Iraqi banks to import foreign currency and requires them to meet 5 conditions

The Central Bank allows Iraqi banks to import foreign currency and requires them to meet 5 conditions

2023-11-08 05:31

Shafaq News/ The Central Bank of Iraq decided, on Wednesday, to allow Iraqi banks to import foreign currency according to 5 conditions.

It was stated in a letter sent by the Central Bank of Iraq to the licensed banks and obtained by Shafaq News Agency, “Based on the requests received to the bank, and Read more…

Al-Sudani: The recovery of those convicted on corruption charges will be a standard for Iraq’s relations with other countries

Al-Sudani: The recovery of those convicted on corruption charges will be a standard for Iraq’s relations with other countries

2023-11-08 06:17

Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani confirmed on Wednesday that the recovery of those convicted on corruption charges will be a standard for Iraq’s relations with the rest of the countries. This came during his chairmanship of the seventh regular meeting of Iraqi ambassadors represented in Read more…