Saturday, October 26, 2024

DINARLAND UPDATE : STATUS IN IRAQ, 26 OCT

 DINARLAND UPDATE : STATUS IN IRAQ

🇮🇶 Iraqi leaders emphasize the importance of political unity and addressing regional tensions.  

💰 Iraq's credit bank reports substantial profits, but deposits are declining despite increased revenues.  

🤝 New economic agreements with Spain aim to deepen trade relations and invite Spanish companies for reconstruction projects.  

📈 Iraq's prime minister highlighted over $100 billion in foreign investment opportunities across various sectors.  

🏦 Central Bank of Iraq continues banking reforms, focusing on digital transformation and financial stability until 2026.  

🌍 The BRICS Summit aims to reduce U.S. economic dominance and explore new payment mechanisms using cryptocurrencies.  

🌟 Concerns arise over foreign banks dominating the Iraqi market; legislation is planned to limit their influence.  

📉 Central Bank reduces interest rates in response to decreased inflation, which has fallen to less than 3%. 

 


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