PART.5
- PARLIAMENTARY INTEGRITY COMMITTEE PREPARES TO QUESTION THE GOVERNOR OF THE CENTRAL BANK OF IRAQ
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed on Thursday that his committee has been following up for more than a year on the file of ending the assignment of the Governor of the Central Bank, Ali Al-Alaq, from his position.
Mnt Goat: Oops they did it again… You see, Alaq can’t reveille the entire plan to the committee as they would see a huge spur of corruption later is selling and buying dinar. Its called insider trading…. Get it?
- CENTRAL BANK GOVERNOR’S RESIGNATION: ADMISSION OF FAILURE OR ESCAPE FROM THE REPERCUSSIONS OF THE FINANCIAL CRISIS? The Governor of the Central Bank of Iraq, Ali Al-Alaq, submitted a request to relieve him of his post to Prime Minister Mohammed Al-Sudani, amid a series of issues and problems in the financial and banking sector in Iraq, which include the failure to control the dollar exchange rate on the black market.
Mnt Goat: Remember that the GOI has not yet accepted his resignation. Alaq does not want to leave the CBI as he feels he is doing a great job but his plan takes time but they are getting impatient. Then the Feds stepped in…..
- 😊 AFTER SANCTIONS.. A NEW AMERICAN STEP TOWARDS IRAQI BANKS The United States of America did not stop at punishing some Iraqi private banks by preventing them from participating in the currency auction held by the Central Bank of Iraq daily to sell the dollar, but the US Treasury Department recently returned and informed it of the need to merge and close some of those banks, thus deciding their fate after many suspicions had been raised about them.
Mnt Goat: Yes, yet another reason why the US Treasury and Feds have set up shop in the CBI. They are going to reorganize the entire banking system in Iraq. Literally almost start from scratch!
- AN EXPECTED MEETING IN NEW YORK.
Al-Alaq said that “there will be meetings with the Federal Bank and the US Treasury Department at the end of August to review all aspects related to foreign transfer operations and discuss sanctions on some banks
- THE CENTRAL BANK OF IRAQ HAS PLACED ZAIN IRAQ ISLAMIC BANK UNDER GUARDIANSHIP, in a move that reflects the bank’s unsound practices and unsatisfactory management performance, threatening the independence and integrity of the Iraqi banking system.
Mnt Goat: Oops they did it again… Yes, yet another reason why the US Treasury and Feds have set up shop in the CBI. They are going to reorganize the entire banking system in Iraq. Literally almost start from scratch!1
- TRADE BANK OF IRAQ INVITES EXCHANGE COMPANIES TO PARTICIPATE IN THE DOLLAR SELLING WINDOW It is noteworthy that the Central Bank of Iraq decided on July 4, 2024 to start selling dollars to travelers, exclusively through corporate and banking outlets at international airports.
- 😊 RAFIDAIN ANNOUNCES THE IMPLEMENTATION OF THE COMPREHENSIVE BANKING SYSTEM IN 37 BRANCHES The media office of Rafidain Bank stated in a statement received by the Iraqi News Agency (INA), that “in implementation of the government program to move from paper transactions to electronic ones to provide the best services to citizens, the comprehensive banking system was applied.
Mnt Goat: Opps, here it is again the “digital transformation! You think it’s important? You think the Feds and US Treasury are pushing this to combat corruption?
- DUE TO FINANCIAL VIOLATIONS, A REPRESENTATIVE DEMANDS THAT SUDANESE TERMINATE THE ASSIGNMENT OF GOVERNOR OF THE CENTRAL BANK Today, Monday, member of the Parliamentary Integrity Committee, Hadi Al-Salami, called on the Prime Minister to end the assignment of the Governor of the Central Bank, Ali Al-Alaq, stressing that he will direct oral questions to the Governor of the Central Bank.
Mnt Goat: Oops they did it again…
- 😊 GOVERNMENT ADVISOR: INCREASED EXPORT CAPACITY BOOSTS CURRENCY VALUE financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others.
- 😊 A NEW EPISODE OF THE ECONOMY IN A WEEK PROGRAM. AGAIN ABOUT THE PROJECT TO REMOVE ZEROS FROM THE IRAQI DINAR AND ALSO ISSUE A NEW CURRENCY A training film for the Iraqi citizens on the project to delete the zeros is broadcast throughout Iraq. You can watch the film and get more info HERE.
Mnt Goat: Oops they did it again…
- 😊 CENTRAL BANK PREPARES FOR NEW TALKS WITH THE FEDERAL RESERVE : CANCELLATION OF ELECTRONIC APPLICATION FOR TRAVELERS’ DOLLARS TO PREVENT FRAUD In response to what Al-Zaman published on its front page in previous issues, the Central Bank obligated banks to ensure that the process of purchasing dollars and depositing dinars must be done in person by the beneficiary exclusively.
- 😊 CENTRAL BANK GOVERNOR PARTICIPATES IN A WORKSHOP SPECIALIZED IN ELECTRONIC PAYMENT The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment......TO BE CONTINUED
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