Friday, November 3, 2023

This Month...The Central Bank Launches The Financial Sustainability Map, 3 NOV

 This Month...The Central Bank Launches The Financial Sustainability Map

 The second and third 11/02/2023    Baghdad: Rula Wathiq   This month, the Central Bank launches a financial sustainability map in cooperation with international institutions.

 Bank Governor Ali Al-Alaq told Al-Sabah:

 The map, which is based on financial sustainability, was designed to manage environmental and social risks, noting that it will clarify the directions that the bank will take related to the awareness and educational aspect, as well as risk management and sustainable financing.  He pointed out that

the map will support financial inclusion, including the Bank’s initiatives in supporting small and medium enterprises that are being adapted or pushed towards being consistent with what we aspire to, taking into account the environmental and social aspects, pointing out that

 Iraq can address the backwardness of industry, agriculture, and the economy by developing them according to modern foundations and standards using methods.

Which leads to achieving this purpose.  Al-Alaq pointed out that  the factors for regulating trade are not achieved with the diversification of the economy and the provision and support of projects that operate within this framework, with the presence of chaos in them and the lack of control over this large activity that is drowning the country, undermining the opportunities for growth and development, and expanding the production base in a large and frightening manner, in addition to the fact that it introduces a lot of Goods that lack many health and environmental specifications and standards. 

He added that financing is a complementary link when appropriate conditions are available, as happened with the launch of an initiative to lend for the use of clean energy, especially at the household level in the use of solar cells, indicating that we do not find any interest in this initiative, which forces us to review other factors related to the awareness process, as The vast majority of citizens do not have an adequate understanding of the benefits these cells bring on the personal and environmental levels.

 https://alsabaah.iq/86616-.html

Iraqi DinaršŸ”„Let's Go RV Latest UpdatešŸ”„ Something Happening BigšŸ”„RV update...

Coffee with MarkZ and Mr. Cottrell. 11/03/2023

"RV UPDATE" BY RAYREN98, NADER FROM MID EAST & CLARE, 3 NOV

 RayRen98

  BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY!

Nader From The Mid East 

 You guys saw all this news coming out.  This is getting exciting and excited more and more.  It's amazing.   I think things are happening...It's good what's happening.  Now the big fight against the corrupted people...

Clare  

Article:  "The Iraqi Central Bank is moving towards the US Federal Reserve to increase its dollar transfers"  Quote:  "

The Finance Committee is in constant contact with the Central Bank of Iraq and other concerned parties regarding the problem of the fluctuation of dollar selling prices and supports all steps and measures that would restore stability to the exchange rate...with the aim of finding alternatives and solutions...in a way that preserves the strength of the Iraqi dinar and also preserves the strength of our cash reserves of hard currency.”

NEWS ANALYSIS OF MNT GOAT, 3 NOV

 NEARLY TEN BILLION DOLLARS IN IRAQI OIL REVENUES LAST MONTH

The Iraqi Ministry of Oil announced, on Wednesday, the preliminary statistics of the quantities of crude oil exported and the revenues achieved for the month of last October.

The Ministry stated in a statement received by Shafaq News Agency that, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, the total amount of crude oil exports reached 109 million and 545 thousand and 589 barrels, with revenues amounting to 9.669 billion dollars.

It showed that the total quantities exported from the oil fields in central and southern Iraq amounted to 108 million and 50 thousand and 360 barrels, while the quantities exported to Jordan amounted to 464 thousand and 728 barrels, while exports from the Qayyarah field in Nineveh were 1 million and 30 thousand and 501 barrels.

The ministry explained that the average daily quantities exported amounted to three million and 533 thousand barrels per day, with an average price per barrel of $88.26.

(Yes, and still the dinar is at 1/6 of a penny. How outrageous is this that they still continue to manipulate the dollar in Iraq. We will see what happens in January when the CBI has reported they plan to cut off all dollars for imports. The dollars will dry up. So get ready Iraq…)

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

Progression - Iraq Dinar - World Trade Organization - International Iraq...BY MILITIAMAN

Lavrov-Al-Sabah Talks: A Crucial Interplay Amidst Middle Eastern Conflicts, 3 NOV

 Lavrov-Al-Sabah Talks: A Crucial Interplay Amidst Middle Eastern Conflicts, 3 NOV

Unveiling the curtain, it is reported that Russian Foreign Minister Sergey Lavrovand Kuwait’s Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah have engaged in significant talks in Moscow. With the details yet to see the light of the day, the meeting marks a crucial juncture amidst the swirling geopolitical currents in the region.

Interpreting the Diplomatic Silence

The hush surrounding the Lavrov-Al-Sabah meeting comes amidst a tempestuous Middle Eastern scenario, grappling with the Israeli-Palestinian conflict and the crisis in Ukraine. Both ministers are anticipated to have delved into these pressing issues, probing potential corridors for cooperation and resolution. The sealed lips on the details hint towards sensitive matters being addressed, possibly culminating in agreements or understandings.

A Dive into the Probable Agenda

The Israeli-Palestinian conflict, with Russia’s active mediation efforts and Kuwait’s staunch support for the Palestinian cause, might have dominated the discussions. In the light of Russia’s call for halting violence and reviving negotiations, and Kuwait’s humanitarian aid to Palestinians, the ministers may have dissected strategies to pacify the situation and steer towards peace. The storm in Ukraine, triggered by Russia’s invasion, and the consequent global disquiet could have also surfaced in the talks. With Kuwait standing in solidarity with the global condemnation of Russia’s actions, discussions on Ukraine’s crisis and diplomatic solutions to it are plausible.

Kuwait: The Pivotal Player

The Lavrov-Al-Sabah meeting underscores Kuwait’s escalating significance in the geopolitical chessboard. Its neutral stance in regional disputes, coupled with its constructive mediation and close ties with both Russia and the US, positions it uniquely for facilitating dialogues and negotiations. Lavrov’s choice of meeting Al-Sabah underlines Russia’s appreciation of Kuwait’s viewpoint and its intent to involve it in crucial regional matters.

Unchartered Terrains of Discussion

Besides the highlighted areas, the ministers might have traversed through the terrains of other regional developments like the situations in Syria and Iraq. With Russia and Kuwait’s involvement in stabilizing these nations and combating terrorism, they might have brainstormed on strengthening their collaboration against extremist threats and fostering regional stability.

The Lavrov-Al-Sabah dialogue, thus, underpins the essence of engagement in resolving regional conflicts. It echoes the call for international cohesion in tackling intricate geopolitical issues. Though the cloak over the discussions persists, Russia and Kuwait’s commitment to peaceful resolutions to Middle Eastern challenges is evident. The ripple effect of their talks may resonate throughout the region and the global community.

https://bnn.network/world/russia/lavrov-al-sabah-talks-a-crucial-interplay-amidst-middle-eastern-conflicts/

ALSUMARIA NEWS : A Proposal To Remove Zeros From The Currency.

šŸ‡®šŸ‡¶  Iraq Dinar Update: “Removing Zeros” & Economic Reform Explained šŸ’±šŸ“Š ✨  Key Highlights: šŸ”¹ Iraq is considering a “zero removal” cu...