Friday, October 20, 2023
KRI Leaders Meet with Governor of Central Bank of Iraq, 20 OCT
KRI Leaders Meet with Governor of Central Bank of Iraq
President Nechirvan Barzani met with the Governor of the Central Bank of Iraq, Mr. Ali Mohsen al-Alaq, on October 19. The purpose of their meeting was to exchange views on the financial situation in Iraq, including the value of the Iraqi dinar, the Central Bank’s efforts to create financial and economic stability, and investment opportunities in Iraq.
President Nechirvan Barzani expressed his appreciation for the Central Bank of Iraq’s commendable efforts to maintain the dinar’s value in the face of mounting challenges. He also highlighted the priorities of the Central Bank in addressing the challenges and resolving cash and financial problems.
They both stressed the importance of cooperation and coordination by banks in Iraq and the Kurdistan Region with the Central Bank of Iraq.
The Governor also was received by Prime Minister Masrour Barzani on the same day. The focus of the meeting was to reinforce coordination between the Kurdistan Region, the federal government, and the central bank, with a particular emphasis on banking sector reforms, anti-money laundering efforts, and initiatives dedicated to bolstering economic stability.
Prime Minister Barzani referenced the “My Account” initiative and conveyed his appreciation for the collaborative support received from both the central bank’s Governor and Prime Minister Mohammed Shia’ Al Sudani. He emphasised that the progress of the Kurdistan Region signifies advancement for all of Iraq and serves the collective interests of the public.
There is mutual understanding regarding the significance of sustaining and advancing coordination and cooperation to promote economic development and ensure financial stability.
"RV UPDATE" BY WALKINGSTICK, 20 OCT
Walkingstick
Everything is there for the citizens concerning the monetary reform. Everything is in its position. Everything is ready to go. They may be waiting for more Iraqi citizens to open bank accounts...
maybe they're waiting for more accounts to open up because that's how they're going to deliver the HCL.
The CBI, they don't have to convince you or me that they're going to change the rate.
They simply have to convey it to the citizens of Iraq.
It must be successful with the citizens. It must not fail with the citizens of Iraq or the whole monetary reform will crumble...they are not trying to gain your trust...they are trying to gain the trust of the Iraqi citizens.
Iraq invites Saudi Arabia and Jordan to attend Climate Change Conference in Baghdad, 20 OCT
Iraq invites Saudi Arabia and Jordan to attend Climate Change Conference in Baghdad, 20 OCT
Shafaq News / The Iraqi Minister of Environment, Nizar Ammedi, extended an official invitation to his Saudi counterpart, Abdul Rahman bin Abdul Hussain Al-Fadhli, to attend the Regional Climate Change Conference scheduled to take place in early 2024 in the capital, Baghdad.
This invitation was extended on the sidelines of the 9th Islamic World Environment Ministers' Conference held in Jeddah on 19/10/2023, as announced by the Iraqi Ministry of Environment on Friday.
The Ministry stated that during the meeting, both sides discussed the upcoming 28th Conference of the Parties on Climate Change, which is set to be held in Dubai at the end of November 2023.
This conference provides an opportunity for all participating countries to produce results that enhance the resilience and sustainability of countries vulnerable to climate change, while also reiterating the commitment of advanced nations to support climate funds and provide necessary green technology for the transition to a more environmentally friendly economy. Additionally, it will clarify mechanisms for carbon investment.
Minister Ammedi extended the invitation to the Saudi Minister of Environment, Water, and Agriculture to attend the Regional Climate Change Conference in Baghdad, scheduled for the beginning of the next year.
This conference will spotlight the regional agenda and strengthen cooperation with neighboring countries, discussing shared regional adaptation mechanisms and participating in promising environmental projects.
The statement also mentioned that the meeting addressed bilateral relations and several common topics.
Minister Ammedi also met with the Jordanian Minister of Environment, Muawiyah Al-Radaideh, on the sidelines of the 9th Islamic World Environment Ministers' Conference, which was organized by the Saudi Ministry of Environment, Water, and Agriculture in cooperation with the Islamic World Educational, Scientific, and Cultural Organization (ISESCO), under the theme "Towards Achieving Green Transformation in the Islamic World."
A separate statement from the Ministry mentioned that they discussed the most critical environmental challenges facing Iraq and the country's direction towards sustainable economics, while inviting all parties to invest in green initiatives in Iraq.
A specific invitation was also extended to the Jordanian counterpart to attend the upcoming regional conference scheduled to be held in Baghdad in February.
"RV UPDATE" BY MARKZ, 20 OCT
MarkZ
[via PDK] Question: Rumor has it that currency dealers have been notified to stop selling currency after 11:59 CST. Any idea if this is accurate at all?
MarkZ: I was told they would stop selling right before the RV…of course they can change the wording and maybe slow down if they think it’s really close.
We were warned that we would see rough things before it happened and we are…TIDBIT FROM MARKZ, 27 NOV
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...