Friday, February 16, 2024
Al-Khazali praises efforts of new government, 16 FEB
Al-Khazali praises efforts of new government
In a statement, al-Khazali's office said that the two men met in Baghdad and discussed the political and security situation in the country.
The two leaders concurred on the importance of stability as a catalyst for the success of the government's program, the statement said.
Al-Khazali commended the government's efforts to implement financial and economic reforms, combat corruption, and increase the pace of urban development.
He reiterated his support for the government in its quest to meet the aspirations of the Iraqi people, "who are counting on this government to overcome the neglect and suffering of the previous period."
Prime Minister al-Sudani's "thanked Khazali for his national positions, his clear support for the government's efforts, and his high interest in everything that affects the lives of the Iraqi people."
"RV UPDATE" BY MARKZ, 16 FEB
MarkZ
[via PDK]
”The Central Bank of Iraq decides to restore the mechanism of financing foreign trade to Iraq starting next March”When they say “Next March” They mean this March of 2024. What does this mean ?
This is all about foreign currencies and International Acceptance! We have been looking for some of these announcements and now we are getting them. They want to strengthen the dinar…This is really great. This is all about international Trade and movement of money.
Comment: I hear they are moving forward wihin 10 days. MarkZ: I was told that their goal is by the 20th…but I could live with 10 days…by the end of February...My gut is screaming we will see this in the month of February based on the number of requests to keep us quiet and the banking anticipation …And, a number of sources say we could get it by the 20th now...I think everything is done and we are just waiting on them to release it...My contacts in Iraq are telling me this…as well as bankers and government contacts. …Things are screaming at us that we are close.Iraqi parliament to summon CBI governor to discuss US sanctions on domestic banks, 16 FEB
Iraqi parliament to summon CBI governor to discuss US sanctions on domestic banks
Shafaq News/ Iraqi lawmaker will meet with the governor of the central bank and other senior officials to discuss US sanctions on several Iraqi banks, a committee member said on Thursday.
The sanctions, imposed by the US Treasury Department in July 2023, are part of a campaign to crack down on Iran's use of the dollar.
The 14 banks affected by the sanctions are accused of facilitating financial transactions for Iran-backed groups.
The Iraqi parliamentary committee of finance will meet with the central bank officials to discuss the impact of the sanctions on the Iraqi economy and to find ways to mitigate the damage, said committee member Moein al-Kazemi.
The lawmaker said the meeting will discuss measures taken by the central bank to stabilize the exchange rate of the Iraqi dinar, which has come under pressure since the sanctions were imposed.
"RV UPDATE" BY FRANK26, 16 FEB
Frank26
The CBI is not calling them 'lower denoms', they are calling them 'Lower notes'. They also explain the need for fractional banking through the coins they will be giving them. They are not using the word fractional banking with the citizens but they are telling them they will be able to get change so they will not lose money.
I don't plan to go to a bank. Can you imagine?
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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...