Monday, February 19, 2024
Iraq confirms World Bank’s intention to promote fiscal policy reforms, 19 FEB
Iraq confirms World Bank’s intention to promote fiscal policy reforms
Finance Minister Taif Sami Mohammed received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank and members of the accompanying delegation.
“During the meeting, the aspects of relations between Iraq and the World Bank were reviewed, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government,” the ministry’s media office said in a statement reported to Mawazine News.
He added that Taif expressed “appreciation for the fruitful partnership between the two sides, stressing the Iraqi government’s keenness to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to promote structural reforms related to financial and monetary policies and maximize the role of the private sector in development.”
Cole pointed out that “the World Bank looks forward to continuing distinguished relations of cooperation with Iraq and its support for economic reforms in it, praising the performance of the Iraqi economy and the flexibility and resilience it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.”
"RV UPDATE" BY WALKINGSTICK, 20 FEB
Walkingstick
The CBI was given new DeLaRue machines to use by the United States Treasury. Why? Because the old DeLaRue machines cannot read the new security features on the new lower notes.
The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.
"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 7 FEB
Walkingstick
[Iraqi Bank Friend Aki update]
Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!'
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html
World Bank Finance Minister: Government determined to reform Iraqi monetary policies, 20 FEB
World Bank Finance Minister: Government determined to reform Iraqi monetary policies
Baghdad – 964
Finance Minister Taif Sami said on Monday that the government is determined to structural reforms related to fiscal and monetary policies and maximizing the role of the private sector in development, during a meeting with the Director of the World Bank’s Financial Management Project Winston Cole and members of his accompanying delegation.
The ministry said in a statement, the network received 964 copies of which:
The six Finance Minister, Taif Sami Mohammed, received on Monday, Winston Cole, Director of the World Bank’s Financial Management Project and members of his accompanying delegation.
During the meeting, they reviewed aspects of relations between Iraq and the World Bank, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government.
In this regard, the Minister of Finance expressed appreciation for the fruitful partnership between the two sides, stressing the keenness of the Iraqi government to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to strengthen structural reforms related to financial and monetary policies and maximize the role of the private sector in development.
For his part, Kole stressed the aspiration of the World Bank to continue distinguished relations of cooperation with Iraq and its support for economic reforms, praising the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.
"RV UPDATE" BY MARKZ, 20 FEB
MarkZ
[via PDK] I know we are all tired of hearing of all this progress and we still cannot go to the bank. Imagine how frustrated the Iraqi citizens feel? But we are watching steady progress towards Iraq’s reinstatement and/or revaluation. I still think its going to be revaluation…but a reinstatement would be easier for them.
Iraq has got a lead position in a number of committees etc…in the WTO. And there are meetings scheduled throughout the year. They have to be full members to do these so to me it is very clear we are about to see Iraqs ascension into the WTO in the very near future...Nearly every economist out there is calling for a new rate before that occurs...
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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...