Wednesday, January 24, 2024
Foreign Minister: Iraq seeks to take its natural position in the region and the world, 24 JAN
Foreign Minister: Iraq seeks to take its natural position in the region and the world
Foreign Minister Fuad Hussein, on Tuesday, confirmed Iraq’s quest to take its natural position in the region and the world, while referring to Iraq’s firm position on the Palestinian issue.
In a statement received by Mawazine News, the ministry said that “Deputy Prime Minister and Foreign Minister Fuad Hussein gave a lecture at the International Diplomatic Academy in Vienna entitled (Middle East 2024.. Challenges and Opportunities),” in the presence of the President of the Academy, Emile Brix, a number of diplomatic and political figures, Iraqi students studying in Vienna, and a number of researchers in Middle East affairs.”
He pointed out to “the development of the democratic process in Iraq and the recent elections of local councils, and Iraq’s endeavor to occupy its natural position in the region and the international community,” pointing out that “Iraq’s position is fixed on the Palestinian issue, which emphasizes the need to stop this war, which began to expand and threaten the entire region, which will not be in the interest of any regional or international party. The wars were never a solution, so this war must be controlled and stopped as soon as possible.”
In another axis, he pointed to “the economic situation and plans to build a diversified economy that does not depend on the rentier economy by creating different industries, returning the agricultural sector and producing gas to rely on Iraqi competencies and manpower in electricity production and investment in infrastructure.”
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Romasinki impressed by Iraqi bank accounts: up 31% in a year, 24 JAN
Romasinki impressed by Iraqi bank accounts: up 31% in a year
Shafaq News / US Ambassador to Baghdad Elena Romanski said on Tuesday that she was fascinated by the rise of Iraqis’ bank accounts.
In a tweet on X, she said that the data of the Central Bank of Iraq indicate that the total deposits held by Iraqi commercial banks increased by about 37% over the past two years.
From 2021 to 2022, the total number of people with a bank account in local banks increased by 31%, she added, stressing that it was “an impressive progress.”
“By working with Iraq on reforms, we contribute to building confidence in the banking sector,” she continued, considering that “modern banking services enable to promote greater foreign investment and protect funds from financial crimes, theft and loss.”
https://www.shafaq.com/ar/اقتصـاد/روماسنكي-منبهرة-بحسابات-العراقيين-المصرفية-ارتفعت-31-خلال-عام
"RV UPDATE" BY FNU LNU, 24 JAN
Fnu Lnu
Article: "The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency."
Quote: "The decision came after officials from the Central Bank of Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai. " As of last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar. It appears the UST is helping Iraq to stabilize.
The Dubai meetings concluded with praise for the bank's strategies in reducing dollar transactions in the local market. Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt.
So why haven’t they? Are they stalling for some reason?
