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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Iraqi government obliges state institutions to deal in dinars

    Rocky
    Rocky
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    The Iraqi government obliges state institutions to deal in dinars Empty The Iraqi government obliges state institutions to deal in dinars

    Post by Rocky Wed 11 Jan 2023, 5:03 am

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    [size=52]The Iraqi government obliges state institutions to deal in dinars[/size]

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    On Monday, the Ministerial Council for the Iraqi Economy took a number of economic decisions, including obligating all ministries and state institutions to pay wages for goods and services in dinars.[/size]
    [size=45]This came, during the presidency of the Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, the meeting of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and the acting head of the National Investment Commission. And the prime minister’s advisors for economic and legal affairs, according to a statement issued by the meeting.[/size]
    [size=45]At the beginning of the meeting, the council discussed, according to the statement, the draft law of the state’s general budget and the revenues and expenditures contained therein. It also discussed the economic issues on its agenda, and took many important economic decisions.[/size]
    [size=45]Among these decisions is obligating all state ministries and institutions to pay wages for goods and services in Iraqi dinars, and whoever chooses from the private sector to have sales as mentioned above, provided that the Central Bank of Iraq compensates those amounts in dollars and at the official rate, in order to fulfill their obligations and purchases outside Iraq.[/size]
    [size=45]The Ministerial Council of Economy approved that the Central Bank of Iraq contract with the Zaha Hadid Foundation to design the Central Bank building in Nineveh Governorate.[/size]
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