TNT
Tishwash:
Al-Rafidain: Collection of cash deposits, credits and guarantees in Iraqi dinars
Al-Rafidain Bank announced, today, Thursday, that cash deposits, credits, and guarantees have been collected in Iraqi dinars.
And the bank’s media stated in a statement received (Baghdad Today), that “in line with government directives to deal in Iraqi dinars instead of dollars and to enhance its strength in the local market, Al-Rafidain Bank announces that all cash guarantees will be fulfilled in the Iraqi dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued.” For the benefit of government and private beneficiaries, even if the insurance is in dollars and at the official exchange rate.
The bank indicated that “the payment of the sums of the letters of guarantee upon confiscation shall be exclusively in the Iraqi dinar and at the official exchange rate as well.” link
Article 140: An expert provides solutions to the disputed areas
The legal expert, Ali Al-Tamimi, spoke on Thursday about the dispute over Article 140 of Kirkuk Governorate and other areas administered by the federal government and witnessing a dispute with the Kurdistan Region.
Al-Tamimi said, in a clarification received by Earth News, that “Article 140 of the constitution, which provides for normalization, must be activated, including the return of the deportees and compensation for those affected, as compensation was estimated at 3 billion dollars, and the census that needs to be based on records established in 1957 and according to documents, and that this be under international supervision.” “.
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He also pointed out the necessity of “determining the will of the voters, and these e-------s are important, but the text did not specify what it means to determine the will of the voters. Is it the formation of an independent region, joining the Kurdistan region, or staying with the federal government?”
He stressed that “Parliament needs to legislate a special law in which all this is decided, because these steps were supposed to be resolved at the end of 2007, and that the administration be joint according to the last referendum until this is resolved by Parliament and the problem of the disputed areas is resolved.” link
Harambe:
Bank Indonesia Denies Reports of Rupiah Redenomination – News En.tempo.co (7/5/23)
TEMPO.CO, Jakarta – Bank Indonesia‘s executive director for Bank Communications, Erwin Haryono, said that the government has yet to redenominate the rupiah. Erwin’s statement at the same time addressed the circulation of a video claiming to the central bank that has issued new banknotes in redenominated denominations.
When contacted by Tempo on July 5, Erwin firmly stated that the information in the video was not true.
The video, which was shared via WhatsApp groups, claims that BI has issued new banknotes that are redenominated—eliminating the last three zeros.
Erwin said that Bank Indonesia sees a redenomination as a national-scale policy. Therefore, Bank Indonesia will continue to be committed to working together with the government to set the momentum for implementation carefully.
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He also explained that redenomination requires at least three prerequisites: good macroeconomic conditions, stable monetary and financial system conditions, and favorable sociopolitical conditions.
These conditions, he said, must be carefully considered both from economic, social and political aspects.
Last month, Bank Indonesia stated that it was ready to redenominate the rupiah. BI Governor Perry Warjiyo said that the central bank has made preparations for a long time, taking into account the design, stages, and steps towards this transition.
“But of course, this decision needs the right timing,” he said in a press conference in June 2023.
Perry said that although Indonesia’s economy is currently good and fulfills the requirements for implementing redenomination, there are still plenty of propagating effects from the weakening global economy. While Indonesia’s finances are stale, the world is still shrouded in economic uncertainties. Because of that, he hopes the public can be patient waiting for the right moment.
https://en.tempo.co/read/1744839/bank-indonesia-denies-reports-of-rupiah-redenomination
Source: Dinar Recaps
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