I went to my local WF Friday in New Mexico to open an account. I explained the nature of my requirements. I was greeted with enthusiasm and was told that I would be given every available perk. There was no denial of impending RV. No comment of a scam. I was quite surprised. They were very friendly.
That is refreshing! Sadly, I have no “local” WF anywhere to be seen. I must say, my Chase bank treats me with total respect. They do not confirm or deny but when I recently said “I sure wish I could exchange right here instead of an exchange site” the manager replied “me too.” She totally believes it is real.
My Chase private banker called me today and said they had a meeting about clients coming in to exchange foreign currency but that they did not mention the bolivar which we discussed last week. He did not tell me the currency that they did mention. And I didn’t ask. Hopefully this means we will be in the banks in a few days. Prior to this, he was unaware of anything about foreign currency. Clients.
More than 24 billion dollars, the volume of trade exchange between Iraq and China during the first half of the year
The “Iraq Future” Foundation for Economic Studies and Consultations announced, on Friday, that the volume of trade exchange between Iraq and China amounted to more than $24 billion during the first half of this year.
In a report published today, the Foundation stated that the volume of trade exchange between China and Iraq in the first half of 2023 amounted to $24.16 billion, decreasing by 2.6% compared to the first half of 2022, and decreasing by 14.85% compared to the second half of 2022.
According to the report, the volume of trade exchange between China and the countries of the world in the first half of 2023 reached $2.9 trillion, after it was $3.06 trillion in the first half of last year, a decrease of 4.67%. link
The Media Authority issues directives to media organizations to support the national economy and the dinar
On Thursday, the Media and Communications Commission issued directives to media institutions to support the national economy and the Iraqi dinar.
The Commission stated, according to a document addressed to media institutions, that “based on the powers vested in us in regulating the media, communications and information technology sectors under Order (65) of 2004 in force, and in support of the national economy and preventing harm to the public and private interests of citizens
The Commission directs the necessity for the media to refrain from Publish any misleading or inaccurate news about the national currency and the economic sector based on the Media Broadcasting Rules Regulations issued by the Media and Communications Commission (Part Two / Article 3). inaccurate, with the aim of harming the reputation of persons or companies or harming the national economy and affecting public health and the environment.”
And she stressed, “Otherwise, the media agencies shall bear legal accountability in accordance with the terms of the licensing contract and the powers vested in the Media and Communications Authority and the laws in force.” link
Finance Minister Talks on Tripartite Budget
Baghdad – Iraq Today:
Minister of Finance Taif Sami Mohammed stressed the importance of completing the instructions for the implementation of the tripartite budget.
A ministry statement explained that “Minister of Finance Taif Sami Mohammed stressed the importance of accelerating the procedures for reviewing the instructions for implementing the federal general budget for the years 2023, 2024 and 2025 No. 13 of 2023, which was recently approved by the House of Representatives, by doubling coordination and cooperation efforts with all relevant authorities and institutions.”
The statement added, “This came during her meeting with the President of the State Council Karim Khammas Khasbak, in the presence of representatives of the Ministries of Finance and Planning, and a meeting with the follow-up committee for the implementation of the tripartite budget instructions, where Minister Taif Sami stressed the need to match the instructions for implementing the budget with the draft law and complete the auditing and codification processes and everything related to the removal of duplicate texts in order to make it easier for the spending units in the ministries and entities not associated with the Ministry to implement them clearly
And to ensure optimal performance according to economic and development priorities. Fiscal transparency, improving the efficiency of public spending, ensuring economic justice, emphasizing the delivery of support to those who deserve it, in addition to moving towards advancing sustainable development and facing international and local economic challenges.”
According to the statement, the Minister of Finance urged “the Ministry of Planning to issue the necessary controls to facilitate the task of listing projects of an investment nature as well as all listing requirements, noting that the coordination technical meetings have been continuing since the beginning of this week between the ministry and the committee for the implementation of instructions with the participation of representatives of all concerned authorities.”
Source: Dinar Recaps
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