Thursday, February 22, 2024
Sudanese personalizes notes on US sanctions: We will not abandon private banking sector, 22 FEB
Sudanese personalizes notes on US sanctions: We will not abandon private banking sector
Economy News – Baghdad
Prime Minister Mohammed Shiaa Al-Sudani confirmed the existence of observations on US Treasury sanctions on Iraqi banks, while noting the government’s continued support for the private banking sector.
Al-Sudani said, in a press conference, followed by “Economy News”, that “the government has made an important way by making Iraq’s trade clear despite the challenges that appear from time to time,” adding: “All our trade passes today through the electronic platform and through the audit of (K2), that is, there are notaries of financial transfer operations.”
He added, “What decisions come from the US Treasury on Iraqi banks, which we have more than one observation on, are decisions related to observations on the performance of banks in previous governments, not the current government.”
The Prime Minister stressed that “transactions and financial transfers for Iraqi trade, during the current period, pass through a clear electronic platform, in front of financial institutions, so this process has gained reliability.”
Al-Sudani explained that “the government continues to support the private banking sector, and it cannot be abandoned, and we are working to address all the observations in its performance, and we are doing it to be a partner with us for the desired development process in the country.”
124 views
Added 2024/02/21 – 9:32 AM
"RV UPDATE" BY JEFF, 22 FEB
Jeff
What was the number on thing in the month of January Iraq kept stating in all the news articles?
How they achieved critical stability. In order for Iraq, the number one thing they have to do is achieve overall stability, to be eligible to revalue. Article quote "For Iraq to further continue on the path of stability and progress, an enabling environment will prove essential"
She's stating Iraq is on a path of stability and progress and continuing in that direction will prove essential. Meaning allowing them to revalue the currency and get back on the world stage.
The text of the federal decision: Obliging the Kurdistan government to deliver all oil and other imports to Baghdad, 22 FEB
964
Within its decisions today on the Kurdistan region. The Federal Supreme Court has obliged the Chairman of the Council of Ministers of the Territory, to hand over all its oil and non-oil revenues to the federal government, according to Article IV:
The second defendant is obliged to head the Council of Ministers of the region to hand over all its oil and non-oil revenues to the federal government, the state treasury and according to the Federal Financial Management Law, provided that the Federal Office of Supervision, in coordination with the Bureau of Supervision in the region, audits the bank accounts open to the region within the Central Bank of Iraq and audits the lists of employees, retirees and beneficiaries of the social welfare network.
"RV UPDATE" BY MNT GOAT, 22 FEB
Mnt Goat
...just today another article came out from the CBI telling us about yet more steps in the RV/Reinstatement process are about to be implemented...new developments...push us even closer to the RV/Reinstatement...The news could not get any better, aside from having the reinstatement itself.
I will tell everyone who has been in this speculative investment for a long time, this couldn’t be a worst time to sell your dinar. I compare it to a severe storm. You must have the guts to weather the storm... when the storm finally does really end, it’s over and done and then you move on to a better life knowing you weathered the storm and received the blessings that come afterwards. The rewards are great.
MEPS24: US CONSUL IN ERBIL HIGHLIGHTS PROMISING ECONOMIC OPPORTUNITIES FOR IRAQ, 28 NOV
MEPS24: US CONSUL IN ERBIL HIGHLIGHTS PROMISING ECONOMIC OPPORTUNITIES FOR IRAQ On Saturday, Steven Bitner, the US Consul General in Erbil...
-
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...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...