"RV UPDATE" BY DINAR IRAQ AND DONG VIETNAM, 18 JUNE

 May 1, 2024, the economic expert, Farman Hussein, expected the continued decline of the dollar’s ​​exchange rate against the Iraqi dinar until it reaches the official rate of the Central Bank of Iraq.

Economist debate the central bank’s decision to float the dinar exchange rate in the coming period.

Iranian First Vice President Muhammad Mokhber stressed the necessity of using national currencies in economic exchanges, pointing out that the friendly, deep and historical relations between the two countries require the use of national currencies.

Bank Governor revealed Central Bank Ali Mohsen Al-Alaq, on Thursday, announced the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.

Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.

The Iraqi government submitted this request during the month of May 2023, at a request to the Security Council and the Secretary-General of the United Nations, to reduce the mandate of the United Nations Mission (UNAMI) and conduct an objective assessment of its work; in preparation for the end of its mission and closing it permanently,

The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Commission is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges in Iraq.

Today, Wednesday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, stressed the importance of moving to reform the banking sector in Iraq.

Prime Minister Mohamed Shia al-Sudani said on Wednesday that the memorandums of understanding signed with the United States during his visit to Washington last month are being implemented on the ground.

The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges.

The reinstatement spigot has been opened.

The direction is now clear.

Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy.

CBI announces it has completed the first phase of it by achieving tangible and important results in the field of regulating foreign trade financing and regularization of the global financial system through strict adherence to standards.

International compliance, building solid international banking relationships with international banks and correspondent banks.

Get ready….

Iraq also has now announced 142+ tons of GOLD reserves.