Frank26: "THE ONLY WAY 2024 IS THE YEAR OF ACHIEVEMENTS... IS WITH A NEW EXCHANGE RATE!!!"...........F26
Al-Sudani: 2024 will be the year of achievements and the opening of projects
12/23/2023
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that 2024 will be the year of achievements and the opening of various projects.
Al-Sudani said during the inauguration of the Freedom Bridge, “The Freedom Pedestrian Bridge is the first of its kind on the Tigris River,” praising “the efforts of workers in the companies of the Ministry of Construction, Housing and Water Resources, the Municipality of Baghdad, and other supporting bodies.”
The Prime Minister added, "The bridge was implemented despite the delays and will facilitate the movement of visitors and citizens in general."
He added, "The bridge was given the name Freedom, due to important considerations and connotations for this region, whose direct communication across the two banks was prevented by the former regime, especially on days of visits."
Al-Sudani confirmed, “Soon there will be additional services in this area, to complement the origin of this project according to the design prepared by the Ministry, making it a service, entertainment, and tourism facility worthy of the Kadhimiya area, and all areas of the capital, Baghdad.” LINK
The Government And The Central Bank Win The Battle For Financial And Banking Reform In 2023, 24 DEC
Financial and banking advisor, Samir Al-Nusair The data, indicators, achievements and preliminary results achieved in 2023 indicate that the government of the Prime Minister, Mr. Muhammad Shia Al-Sudani, and the Central Bank, in continuous cooperation and coordination between them, have resulted in their comprehensive reform steps contained in the government curriculum in the axis of financial and banking reform and in the strategy of the Central Bank, which focused on regulating foreign trade financing. Opening direct dealings between Iraqi banks that secured the necessary requirements to deal with correspondent banks and opening new foreign currencies in addition to the US dollar.
Such as the Chinese yuan, the euro, the UAE dirham, the Indian rupee, and the Turkish lira. To be traded for external transfers with these countries in accordance with understandings and agreements with the US Reserve and the US Treasury Department.
The role of the Central Bank will be supervisory and supervisory. The other achievement is the compliance of Iraqi banks with the global banking system and regularity within the system of international banking relations, which has restored confidence in the integrity of banking transactions with Iraq. This is an important and basic goal.
The other important goal, which the government is working to implement in cooperation and coordination with the Central Bank and the Association of Banks. Electronic payment companies are moving and transforming from the cash economy to the digital economy and the issuance of a number of decisions from the Council of Ministers and several instructions and executive procedures from the Central Bank to achieve this in a record period.
And work to complete the necessary infrastructure to achieve digital transformation in the banking sector. The government is working seriously on governance and automation of the tax system, the customs system, and networking with the Central Bank of Iraq.
The new thing in the Sudanese government is that it draws up plans and follows up implementation on a daily basis with the parties concerned with implementation and participates in facilitating procedures and overcoming obstacles first and foremost. It consults continuously with the Central Bank as an advisor to the government.
Since we are in the last week of 2023, the Central Bank and the government have set before them in 2024 the completion of financial and banking reforms in a way that achieves complete financial and banking reform and controlling and maintaining the stability of the exchange rate of the Iraqi dinar in a way that does not allow the official rate to be equal to the exchange rate in the parallel market. And that the planned goals for the year are Mentioned as follows:
First - Building a stable financial system lies in accompanying financial electronic systems.
Second: Commitment to establishing the rules of compliance, risk management, transparency, and soundness of financial operations.
Third: Working to strengthen international relations, including establishing a network of relations with foreign correspondent banks.
Fourth: Establishing a Riyada Bank and redirecting work on initiatives to finance small and medium enterprises in accordance with standards
New banks contribute to its capital and management. In line with the initiative of the Prime Minister (Riyada).
Establishing a loan guarantee company.
Fifth: Prepare and launch a financial inclusion strategy and put it into practice in coordination with the relevant authorities.
Sixth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development. Views 51 12/23/2023 https://economy-news.net/content.php?id=38767
IMF praises central Bank of Iraq for their efforts and measures achieving objectives to their new monetary policies that strengthen liquidity management management. Stressing that these policies lowered inflation and the expectation is to bring stability in the coming months with the increase in the exchange rate of the IQD against the USD. As well as the return of foreign trade financing
El FMI elogia al Banco Central de Irak por sus esfuerzos y medidas para lograr objetivos en sus nuevas polÃticas monetarias que fortalecen la gestión de la liquidez. Destacando que estas polÃticas redujeron la inflación y la expectativa es traer estabilidad en los próximos meses con el aumento del tipo de cambio del IQD frente al dólar. Asà como el retorno del financiamiento al comercio exterior
On Fri. night 8 Dec. the GCR started to roll out when the Admiral in Reno gave the Green Light; Zurich went liquid on Sun. 10 Dec and Whales were being paid; the IMF released the GCR funds to all countries a week later on Sun. 17 Dec;
the Iraqi Dinar was on the back screens of the Forex and was tradable; as of this week US banks had live rates on their bank screens; Sources say Tier4b has a 98% chance of beginning to exchange before Christmas.
A parliamentarian sets a new date for the ministerial reshuffle, 24 DEC
A parliamentarian sets a new date for the ministerial reshuffleInformation/Baghdad..
Today, Saturday, Deputy Chairman of the Planning and Government Program Monitoring Committee, Muhammad Karim Al-Baldawi, revealed a date for the ministerial reshuffle in the government of Muhammad Shiaa Al-Sudani.
Al-Baldawi said in a statement to Al-Maalouma, “The decision to postpone the ministerial change that was prepared by a ministerial committee until after the provincial council elections will be activated until after the formation of governments,” stressing that it is “very possible.”
He added, “The most important step for the Sudanese government is to form local governments and appoint governors and their deputies because he represents the strong wing of the federal government.”
She pointed out that “if the federal governments succeed in implementing government projects, it will reflect positively on government performance. Therefore, Prime Minister Muhammad Shia Al-Sudani will initiate a ministerial change after the completion of the formation of local governments.”
It is noteworthy that the Ministerial Evaluation Committee, which was formed by the Council of Ministers to evaluate the ministries, presented its results to the Prime Minister, but the government postponed announcing the change so that it would not be considered political targeting before local elections were held, or be exploited by some parties for defamation or political projection.
