Samson: The work opens the door of new inclusiveness for a full-time appointed salary LINK
MilitiaMan: They are talking about 24 hour service and getting text messages as an alert and in all provinces by way of Mastercard.. let’s recall they are going to be effectively more of a cash-less society.. Did we not here about the CBI moving money in all provinces recently? Full time salary.. New inclusiveness!! Timing of so many things coming together. Love it! IMO -MM
Don961: Exchange rate stability
Sunday 03 November 2019
One of the most important tools that contributed to the stability of the exchange rate of the dinar against the US dollar in the parallel exchange market, is the adoption of a method of sale adopts the implementation of pre-sale in the auction sale of the dollar at the Central Bank of Iraq, where the procedures are met to meet the requests of banks participating in the auction a day ago within days Official working hours or before the weekend and other public holidays, to ensure the financing of foreign trade and cash sale in the following days, and then block the speculators in the parallel market.
This method has been adopted since May 30, 2017, the day when the exchange rate in the parallel market witnessed a decline close to the official selling price, and then this price continued to hold with a simple profit margin in the parallel market despite the relative fluctuations during some exceptional days. In which some speculators tried in vain to exploit the events and data witnessed in the country in order to reap profits.
This approach has been very successful in achieving monetary stability that establishes the stability of the exchange rate in the parallel market, paving the way for an attractive environment for foreign investment, and ensuring the attraction of foreign capital, which is usually looking for monetary stability in investment environments, in order to develop economic feasibility studies that can be engaged in The probability of financial calculations of the project away from the fluctuations of the exchange rate is not calculated due to the data that may be experienced in the investment environment.
Therefore, the stability of the exchange rate in the parallel market these days in which our country is witnessing peaceful demonstrations withdrew its repercussions on the movement of the market and the nature of prices here or there due to the behavior of opportunists and parasites in the market of goods and services, and is clearly a clear indication of the success of monetary policy in the face of data in such Circumstances.
This sends positive messages to the foreign investor about the safe monetary environment and the possibility of establishing feasibility studies for projects based on a fixed exchange rate that is only affected by a narrow range of speculation depending on the location of the data and the time of the event.
Hence, the arrangements made for preparing for an attractive environment for foreign investment, following the Kuwait Conference for the Reconstruction of Iraq held early last year, and the bilateral agreements concluded by the Iraqi governments with many countries and companies are still in their timing, and that the possible changes in the political scene will not be It has an impact on the investment environment, which is supposed to be attractive due to monetary and security stability and the development in the banking sector and the legal environment, after it remained a promising environment for sixteen years awaiting the influx of foreign capital. LINK