Our MONTHLY Recap Headlines, PART. 1, BY MNT GOAT, 21 AUGUST

Our MONTHLY Recap Headlines:

• The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed today, Monday, “that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.”

Mnt Goat: Oops they did it again… How many times must they tell us this. Do you believe it yet?

• Al-Nusairi pointed out that “the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on:

achieving monetary and financial stability,

strengthening the banking sector,

enhancing digital transformation,

activating electronic payment,

enhancing financial inclusion,

maintaining a sound financial system,

developing the organizational structure and human resources,

strengthening the internal and external relations of the Central Bank,

and the banking sector’s compliance with international standards.”

Mnt Goat: Oops they did it again… How many times in the news must they tell us the importance of electronic payments and the digital transformation? But are they where they need to be yet in order to pull the trigger on the Project to Delete the Zeros. In todays news they give us an answer.

• Al-Nusairi pointed out that “a national strategy for bank lending in Iraq for the years 2024-2029 was launched.

• 😊 ECONOMIST: THE IRAQI BANKING SECTOR HAS ACHIEVED SIGNIFICANT GROWTH  Al-Obaidi said despite all the challenges and shocks the banking sector  faced during this period, it was able to achieve growth in many areas, specifically in financial inclusion, as well as an increase in bank assets and maintaining the volume of deposits  

Mnt Goat: Oops they did it again… Here it is “increase bank assets, get those stashes of currency into the banks. How will they do this?

• THE ROLE OF THE IRAQ STOCK EXCHANGE IN SUPPORTING MONETARY POLICY IN IRAQ Lawyer and banking expert Saif Al-Halfi, “The world is now moving with rapid steps racing with the wind in the role of stocks supporting monetary policies”. “we can look at the Iraqi Stock Exchange as a tool supporting monetary policy and influencing the state of the rentier economy.”
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• Mnt Goat: Oops they did it again… they told us the importance of the stock exchange (ISX) in the monetary reform. Get it yet?

...TO BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/