Al-Nusairi: The Central Bank’s New Measures To Regulate Foreign Trade Are The Beginning Of Banking Reform And An End To The Exchange Rate Crisis , 21 NOV

 Al-Nusairi: The Central Bank’s New Measures To Regulate Foreign Trade Are The Beginning Of Banking Reform And An End To The Exchange Rate Crisis 

Economy News _ Baghdad   Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed that the Central Bank’s recent measures and understandings with the US Federal Reserve and the banks of the countries with which Iraq has important trade exchanges and with solid international correspondent banks to open bank accounts for a new number of Iraqi banks to enhance their balances in the US dollar, the Chinese yuan, the European euro, and the Indian rupee. The UAE dirham is the beginning of banking reform and the end of the exchange rate crisis.

Al-Nusairi said in an interview with Al-Iqtisad News: These banks have been approved in accordance with basic conditions and controls approved by the US Central and Federal Banks, so that these Iraqi banks can carry out external transfers by covering their external transfers from correspondent banks directly without going through the electronic platform,

and this method It will shorten the external transfer period and ensure that the transfer reaches the final beneficiary through quick mechanisms, as well as address the cases of rejection that occurred for some transfers transferred on the platform.

He added that implementation of the new agreements will begin in the coming days and weeks, and these measures will certainly be reflected in controlling the movement of the US dollar in the black market and reducing demand for it, in the hope of reducing fluctuations in exchange rates. This will be helped by a set of new instructions and mechanisms that the Central Bank intends to achieve.

Its announcement will be a sign of goodness and a breakthrough in the crisis for which the Central Bank has begun making plans and taking measures since the beginning of this year to overcome it calmly, wisely, and with the support of the government and the Association of Iraqi Private Banks.

Al-Nusairi pointed to the Central Bank’s strategy for the next stage in the field of banking reform, which is to increase banks’ capital to $400 billion, launch the national loan strategy, develop electronic payment systems, implement the procedures of the Riyada Initiative, and establish the Riyada Bank in accordance with the directives of the Prime Minister. Views 88   11/20/2023 - https://economy-news.net/content.php?id=37680

Iraqi Dinar update for 11/19/23 - A new exchange rate beginning of next ...BY PIMPY

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AL-KHAZALI CALLS FOR ENDING THE UN GUARDIANSHIP OVER IRAQ BY MNT GOAT, 21 NOV

 AL-KHAZALI CALLS FOR ENDING THE UN GUARDIANSHIP OVER IRAQ, 21 NOV

(We can now see the movement away from the guardianship of Iraqi assets in NYC is picking up momentum. Expect to see yet more pressure from Iraq on this matter until it is done.)

The Secretary-General of the Asaib Ahl al-Haq movement, Qais Khazali, discussed with the representative of the Secretary-General of the United Nations, head of the Independent Strategic Review Team for Assistance to Iraq, Volker Peretz, the importance of ending the UN guardianship over Iraq, after the great stability of the political, security and social conditions in The country.

Al-Khazali explained in an interview during his meeting with Peretz in his office in Baghdad, that “Iraq is witnessing great development in all fields, and therefore there is no need for international missions under various names,” pointing out that “Iraq is open to everyone, and pursues balance in its relations based on its highest interests.” “.

Al-Khazali stressed that “Iraq is best able to determine the need for the level and type of international assistance, and that its main priorities are economic development in the fields of agriculture, industry, tourism, investment, technology, and the banking sector, and strengthening international relations between it and its Arab and regional surroundings, as the Iraqi government succeeded in activating this path.” “And achieving advanced positive steps in this regard.”

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

AL-FATEH: BLACK MONEY MOVED TO MORE THAN 20 COUNTRIES BECAUSE OF AMERICA, 21 NOV

 AL-FATEH: BLACK MONEY MOVED TO MORE THAN 20 COUNTRIES BECAUSE OF AMERICA

The leader of the Al-Fatah Alliance, Raad Al-Tamimi, confirmed on Tuesday that the smuggled corruption money had been transferred from Iraq to 20 countries allied with America.

Al-Tamimi said in an interview with Al-Maalouma, “The level of corruption in Iraqi state institutions is great, but unprecedented rates were recorded in the Al-Kadhimi government, which was involved in more than 10 large files, according to investigations, which include a large waste of money.”

He added, “The stolen money, which is black money, moved to more than 20 countries in order to smuggle it and carry out what is known as money laundering,” pointing out that “the level of cooperation of countries, some of which are Arab, is very limited, in addition to the fact that the file includes great complications in tracking the money.” He pointed out that “

Washington It is the biggest sponsor of corruption in Iraq, especially since it did not do anything to reveal where hundreds of billions of dollars of the Iraqi people’s money went before and after 2003, even though it has sensors in all international banks that enable it to determine the direction of money in a flexible manner.

(Please don’t tell me that the US is not involved in stealing Iraqi funds. We are talking about 100’s of Billions. Is this enough to want to continue to steal? Is this enough to try to prevent the RV and keep the racket going? Again…can you see why this administration must be replaced with one that will support the Reinstatement and the progress forward of the Iraqi currency reform because Biden and his puppet master Obama do not now. Can it get any clearer now? How many more articles must I bring you before you believe me? 😊)

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

PLANNING: THE PRIORITY IN NEXT YEAR’S BUDGET WILL BE TO BASICALLY COMPLETE THE GOVERNMENT PROGRAM BY MNT GOAT, 21 NOV

 PLANNING: THE PRIORITY IN NEXT YEAR’S BUDGET WILL BE TO BASICALLY COMPLETE THE GOVERNMENT PROGRAM

 (Now there is no doubt in our minds that the RV and Reinstatement is part of the platform of Al-Sundani taking power by confidence vote as the PM. )

Today, Tuesday, the Ministry of Planning identified the most prominent projects that will be focused on within next year’s 2024 budget.

Undersecretary Maher Johan Hammad said in a press statement that “the Ministry of Planning has begun drawing the features of next year’s basic budget in coordination with the governorates and ministries.” Pointing out that “the Ministry has been working for weeks with the ministries to establish their needs.”

He added, “The priority will be to basically complete the government program,  and focus on completing the lagging projects, after hundreds of projects returned to life during this year, with the need to ensure their continued return.”

He pointed out, “A large portion of the budget will be allocated to providing basic services such as water, sewage, and sanitation, after completing a package of them and introducing new ones.”

He explained, “Hospitals have a share in the budget after completing the inclusion of more than 20 new hospitals, with a capacity of 100 beds each, in all governorates within the 2024 budget, including hospitals in (Diwaniyah, Samawah, Basra, and Amara) for special cases, after obtaining the approval of the Prime Minister during his visit to a number of hospitals.” From the governorates.

He stressed that “the electricity sector will take the largest space,” noting that “it will be more organized and precise after starting to complete the complex cycles that do not exhaust the state’s budget allocations,” indicating that “the picture is not complete until all discussions are completed and presented to senior management.”

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

Sudanese directs the rapid establishment of the fixed platform for importing gas, 21 NOV

Sudanese directs the rapid establishment of the fixed platform for importing gas

On Monday, Prime Minister Muhammad Shiaa Al-Sudani directed the swift establishment of a fixed gas import platform.

The Prime Minister’s Media Office has issued a statement stating that Al-Sudani chaired a meeting to continue discussions on constructing a fixed platform for processing imported gas at the Al-Faw port. This project is considered a crucial strategic project for Iraq as it will help diversify gas sources. The project is located within the port area and will be operated by the power plants in Iraq.

The Prime Minister instructed the formation of a specialized committee to prepare an integrated vision for the vital platform project within two weeks.

Al-Sudani emphasized that the government is determined to continue diversifying energy sources and implement radical strategic solutions to optimize the use of natural and associated gas. The government has already initiated steps to achieve gas self-sufficiency in the coming years.