Wednesday, February 28, 2024
The Central Bank issues a 3-point decision in favor of Kurdistan money changers, 28 FEB
The Central Bank issues a 3-point decision in favor of Kurdistan money changers
Erbil – 964
The Ministry of Trade and Industry of the Kurdistan Regional Government announced, today, Tuesday, that it had reached an agreement with the Central Bank that would facilitate the registration of Kurdish exchange companies, and make them equal to Iraqi companies, including three points, most notably the cancellation of the capital requirement of 2.5 billion dinars to obtain business licenses.
A statement by the Ministry of Trade and Industry in the Regional Government, translated by 964 Network:
Balbad Muhammad Mawloud, Director of Companies Registration, visited the Central Bank of Iraq and was received by Ali Al-Alaq, Governor of the Central Bank, on Monday, February 26, 2024, and in a meeting attended by Bakhtiar Haj Muhammad, Director General of the Kurdistan Regional Government Representation in Baghdad and Director of National Companies, and Kazem Namik, Director General of the Central Bank Branch. In Erbil, the Director of the Non-Banking Financial Institutions Supervision Department discussed the problems of currency exchange companies in the Central Bank of Iraq and agreed on several points:
1. Until 3/31/2024, exchange companies in the Kurdistan Region have the right to complete (merger) procedures and comply with all requirements of the Central Bank. Conversely, after this date, they will not be entitled to obtain a license from the Central Bank for category (A) and (B) licences.
2. At the request of the Director General of Company Registration, one of the requirements was canceled, which was that the company’s capital be 2.5 billion dinars, whereas previously, companies had to deposit this amount in the Central Bank of Iraq as a condition for obtaining a license.
3. Companies that meet all central bank requirements will be granted a central bank license in the coming weeks.
964media.com
“ENOUGH OF CONTROLLING THE COUNTRY’S MONEY" BY MNT GOAT, 28 FEB
A PARLIAMENTARIAN ACCUSES THE US FEDERAL RESERVE: “ENOUGH OF CONTROLLING THE COUNTRY’S MONEY.”
Today, Thursday, a member of the House of Representatives, Thaer al-Jubouri, accused the United States of America of controlling Iraq’s funds through the Federal Bank, while stressing that Washington is creating pretexts to control a number of files.
Al-Jubouri said, in an interview with Al-Maalouma, that “America is trying to force the country to pay the price of solidarity with the Palestinian cause and a position against the Zionist entity,” pointing out that “achieving economic independence is extremely important for the development of the Iraqi economy.”
He continued, “One of the reasons for the crisis of the rise in the parallel exchange rate of the dollar is the interventions of the US Federal Reserve, which makes decisions and imposes sanctions,” adding that “America controls the rise and fall of the dollar price through many of the schemes it follows.”
Al-Jubouri concluded his speech by saying, “Washington always tries to influence the government’s steps that seek to achieve economic and military independence for the country,” accusing “the United States of America of dominating Iraq’s funds through the Federal World Bank.”
In an interview with Al-Maalouma, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, criticized “the US Federal Reserve’s sanctions on Iraqi banks,” noting that they are “an attempt to undermine the government’s success that the latter is pursuing.”
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq, 28 FEB
Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq
2/27/2024
The Parliamentary Investment and Development Committee agreed, with the European Union mission in Iraq, on a number of economic files, while the European mission revealed new financial and banking projects to work in Iraq.
The head of the committee, Representative Hassan Al-Khafaji, said in a joint press conference today, Tuesday, “We hosted the European Union ambassador to discuss a number of files related to new legislation. We also agreed to cooperate to combat corruption, and to work together to allow European companies to enter the Iraqi local market, exchange economic and commercial experiences, and open new European factories.” In Iraq and refining the capabilities of Iraqi competencies in various fields.
He added, "We asked the European side to open a permanent office and headquarters inside Iraq because they currently have no headquarters except inside the British Embassy. We also asked to open banking branches in Iraq that finance industrial and investment projects, with full support provided by the government and the House of Representatives in matters of reconstruction, investment, and loans." He pointed out that there are currently joint projects in Baghdad, Babylon, and Karbala, where the European Union is interested in infrastructure. He
continued to say, “We requested funding for many projects, especially with Iraq’s accession to the International Arbitration Organization and the vote on the partnership law between the private and public sectors, which allows foreign companies to enter.” And to work in Iraq and participate with the private sector for reconstruction and building the new Iraq. We also agreed on unified action to bring in reputable companies similar to companies operating in the Middle East and international companies that contributed to building Iraq’s factories during the era of the eighties and seventies.
In turn, Ambassador Thomas Seller said, “We met with Parliamentary Investment and Development Committee: As a European Union mission, we concluded that the European Union must make more efforts for European companies to invest in Iraq, and we must work together to provide the conditions that enable Europe to invest more in Iraq.”
He added, "We discussed the legislative necessities in order to achieve economic stability in Iraq, as well as investment stability, and these are steps that must be taken by the Iraqi parliament, and there are many laws that support this, including the investment law, the partnership law between the public sector and the private sector, and others, and all of this is part of the trend." The government aims to combat corruption and support investment and the economy.”
He added, "We discussed many issues and details, and all of these are part of Europe's interest in the stability of Iraq, because we see that Iraq can play an important central role in the region politically and economically, and in order to achieve this we must talk about developing the European Union's investment programs, especially the financial and banking institutions, which are The European Bank for Reconstruction and Development, which we expect will soon come to work in Iraq, as well as the European Investment Bank, which is concerned with providing loans and expertise to support infrastructure projects.”
He explained, "This matter requires a lot of continuous work, but we have committed ourselves to working in this aspect for the benefit of the Iraqi citizen, and we will cooperate with the local authorities to achieve this." LINK
"DON'T TELL ME ITS NOT THE US GOV. HOLDING BACK THE REINSTATEMENT OF THE IRAQI DINAR" BY MNT GOAT, 28 FEB
AL-KARAWI: THE GOVERNMENT CANNOT FREE OUR MONEY FROM THE AMERICANS
Information / Baghdad.The head of the organizing body of the popular movement, Hussein Ali Al-Karawi, on Thursday, the Iraqi government that it is unable to free Iraqi money from the influence of the US Federal Bank.
Al-Karawi told Al-Maalouma that “the dollar has become an external dimension for which the United States bears responsibility, indicating that the citizen pays the price of US sanctions on the country. “He added that “the US pressure on Iraq aims to achieve several goals, including prolonging the stay of US forces and besieging the Iraqi people.”
Earlier today, a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, accused the United States of practicing arbitrary measures towards the Sudanese government.
(Please, please don’t tell me its not the US government holding back the Reinstatement of the Iraqi dinar. This article proves it once again. How much more do you need to read to see it? But as I sit here today writing this newsletter, it will happen and these DFI funds will be released back to Iraq and we will see the RV but not as long as Biden is in the Whitehouse.)
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
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