KTFA (Frank26)


Don961:  Walkingstick/Frank26 … this is one of them

Parliamentary move to raise the price of the dinar and maintain the stability of inflation

Wednesday 20 March 2019

Baghdad / Omar Abdul Latif

The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation.

“The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general,” said member of the committee Abdul Hadi al-Saadawi, Coming “.

He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country”.

“The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment.”   link

Ladyhammer:  Yippee!!    movement!!

MW:  “Parliamentary move to raise the price of the dinar and maintain the stability of inflation”  BOOM BOOM BOOM!!!!!


Frank26:  WE ………………. GAVE THEM TO YOU…….(smile)

SteelyJan:  Yes!!! Didn’t Frank give us a “road map” awhile back, I think sometime last year??? Where all the roads came together on the white board? A convergence. S M I L E


Chermtq:  WOW wow wow Thank you Frank thank you newshounds. As close as our breath to humm ….as close as our breath to o u r hummm OH SHOOT its REALLY REALLY close……Lol

Frank26:  OUR LUNGS ………………(smile-thumbs up)

Frank26:  ON MONDAY CC ……… DID I NOT SAY …….. ” FAMILY …… THERE IS MORE !!! ” (wink)

Don961:  “I-Dinar” .. the first electronic platform for the Islamic exchange of digital currency

– 3 Hours Ago

On the sidelines of the 5th International Islamic Finance Conference, the first Islamic platform for the exchange of gold-backed digital currency, I-DINAR, was launched in Doha today.

The I-Din platform is an electronic symbol based on the exchange of digital currency. Its initial value of one dinar is supported against one gram of gold, which is not only a digital currency, but for a real gold eye.

With the golden cover of the coin, “I-Dinar” is not only a symbol but a form of electronic gold portfolio. With the remarkable progress in the electronic exchange chain technology, i-Dinar can be used as a common denominator for executing and settling many financial transactions and exchange operations And trade.

Through this currency, Qatar offers the latest e-currency concept and technology distinct from the others in the quality of technology and applied standards. In addition, the currency reflects real value that can be obtained at any time, while achieving the principle of maintaining the assets owned by the client and the speed of implementation Any financial or commercial transactions in full compliance with Islamic law.

The announcement was made as a result of extensive work, studies and meetings between a team from the Qatar Financial Center, the Board of Directors of Qaf Holding Group and the Malaysian IbadahInc Foundation.

The Chairman of Qaf Holding Group Khalid Al Suwaidi said that the i-dinar platform initiative is an indication of the increasing awareness and economic culture of the State of Qatar and its understanding of future changes and requirements despite all the challenges in general. This is an unprecedented achievement on the ground to develop cooperation, trade and prosperity. Economic and wealth of the Islamic world in the face of the challenges of the age and rapid digital economic development in particular.
Suwaidi said Al-Suwaidi expected the new platform to achieve a great deal of resonance in the near future because it achieves two important goals. The first is to acquire a sophisticated digital currency that has confidence in customers. The second is that the currency, , Which will increase the confidence of scientists in dealing.

He added that the currency in its current form has passed all stages of the test even through Islamic standards in dealing with currencies as a real currency has a real balance similar to the currency backed by a gold balance, pointing out that this currency has taken the criteria of universal acceptance and technological development in terms of accuracy and security.

The spokesman for the Malaysian Cultivation Establishment Abbas Ali explained that the purpose of the platform was to facilitate and implement multi-product digital financial transactions that allow the trading of “i-dinar” with or for any other goods or products or coded currencies or any combination of solutions Financial instruments, as well as financial and commercial contracts from anywhere and at any time worldwide easily and conveniently.

He said the new currency was a huge technological revolution in the world, being the first “mixed” digital exchange of its kind in the world, using a digital symbol supported by gold and has real value.

The 5th Doha Islamic Finance Conference, held under the title “Islamic Finance and the Digital World”, was launched today. The conference aims at presenting the experiences of the central banks in dealing with digital financial developments and their potential risks. Legal and technical standards and the importance of the digital economy and its role in achieving sustainable development goals.

In its fifth edition, the conference focused on discussing the effects of digital development on Islamic finance, through its main interlocutor, reviewing the experiences of the central banks in light of the major changes in the world of business and finance due to the enormous and significant development of information technology. Financial institutions and banks to quickly study their future opportunities and the possibility of transition to the digital world.

Source: Al Jazeera     link

Rommy:  Oh Snap!

Don961:  Disruption of the day on Wednesday and Thursday in Diyala on the occasion of Norouz holidays

Diyala – Iraq Press – March 19: The Diyala provincial council announced the suspension of official work for the next Wednesday and Thursday.

“The official decision of the government departments in Diyala will be suspended for the next Wednesday and Thursday,” Diyala council chairman said in a brief statement. “The decision to disrupt comes on the occasion of the Norouz holidays, and the decision will be circulated to all official circles in the province.” Finished    link


Samson:  Central Bank: Reserve of foreign currency grew by 32.6%

19th March, 2019

The Central Bank of Iraq, that foreign reserves grew by 32.6% during the year 2018, noting that
Iraq’s reserves of gold amounted to 96 tons

The Central Bank of Iraq (CBE) said in a press release that the foreign reserves annual report showed a positive performance in 2018 compared with 2017. Foreign reserves grew by 32.6 percent, driven mainly by the positive difference between the bank’s purchases of the dollar from The Ministry of Finance and sales through the window selling foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments

“At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank’s purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar

He explained
that “gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the reserves of gold at the Central Bank of Iraq by nearly 96 tons in 2018, Iraq comes in fifth place in the Arab world rank 37 In terms of possession of gold reserves, Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan

“Investment in Islamic bonds issued by the Islamic Development Bank in 2018 increased by more than 33% in 2017,” he said    LINK

Iobey777:  I knew this was important!! WOW! I’m thinking that Mahdi got an important message given to him very recently! Light em up boys, let’s get this fireworks show started!

Toyvp:  Again .. Massoud Barzani stresses the need to implement Article 140 of the Constitution

Political | 08:36 – 19/03/2019

Baghdad – Mawazin News

The head of the Kurdistan Democratic Party, Massoud Barzani, on Tuesday, the need to implement Article 140 of the Iraqi constitution. 

“The imposition of a new geographical and historical reality in the disputed areas is unacceptable,” Barzani said during a speech to dignitaries and representatives of the Zammar region, stressing “the need to implement Article 140 of the Iraqi constitution peacefully and through dialogue and agreement.” 

He stressed that “the imposition of a new geographical, historical and social reality in the disputed areas between Rabil and Baghdad is unacceptable,” pointing out that “political differences with the federal government should not negatively affect the fraternal relations between all components of Iraq.”

He pointed out that “the Kurdistan Regional Government will work in coordination with the Iraqi government to solve the problems of residents of the disputed areas and ensure all their needs.”