Mawazine News – Baghdad The head of the Iraqi Securities Commission, Faisal Al-Haims, announced that three Iraqi banks are punished by the US Treasury, and 25 banks are banned from dealing in dollars. Al-Haims said in a televised interview followed by Mawazine News that “dialogues with the American side in order to lift restrictions on Iraqi expenses began a month ago on a periodic and intensive basis.” He added, “Dialogues with the American side on lifting restrictions on Iraqi banks will reach their peak when Prime Minister Mohammed Shia’ al-Sudani’s visit to Washington to revive confidence in the Iraqi banking sector.”
They had a zoom meeting. It was with the CBI, all other banks and US Treasury, IMF, everybody, they were all in this zoom meeting.
They told him a lot but the only important thing...was I was told once again, 'We need you to be back at the bank because at anytime you are going to be very busy.' Aki is just like you and I, sitting there waiting...
[Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan]
About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens.
They were very very precise pictures of the lower notes. It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested.
You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now ..
.The new software will be with them and the banks within this week.
[Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan]
About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens.
They were very very precise pictures of the lower notes. It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested.
You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now..
.The new software will be with them and the banks within this week.
Mawazine News – Baghdad Turkish Deputy Foreign Minister Ahmet Yildiz said Tuesday that President Recep Tayyip Erdogan will visit Iraq before the end of April. Yildiz, who visited the Turkish embassy in Baghdad and the Yunis Amra Cultural Center, said he would “start his meetings with Iraqi officials tomorrow, Wednesday.” He explained that “he will hold talks at the Iraqi Ministry of Foreign Affairs during which bilateral relations will be reviewed, and preparation for a meeting to be held at the level of ministers in the coming period and the visit of President Erdogan.” The deputy minister pointed to “the importance of the development road project that extends from Iraq to Turkey,” stressing that “the project will meet a great need, especially since Turkey is a large economy and a neighbor for Europe.” He added that Iraq also “had a big economy,” expressing hope that it would return as it was. “Both countries are enthusiastic about the project,” he stressed, adding, “we believe that if it is implemented it will bring (significant) benefits that are incomparable to its cost.” On President Erdogan’s planned visit to Iraq, Yildiz said that “depending on planning and preparations, the visit will take place before the end of April.”
Does Iraq have the ability to be similar to what Kuwait has?
Of course it does, but they got a long way to go...When I first started talking about the Iraqi dinar, I thought Iraq is going to be just like Kuwait. Until you actually start really digging into it and researching you find out they're nothing alike...
You can still see Iraq is taking the steps necessary to deal with corruption, update all their systems so they can keep better track of things and continue down the path to joining the international community...Iraq has taken all the steps necessary...It's looking very good for Iraq as long as they stay on this path...
Parliamentary Finance “Knows Nothing” About The 2024 Budget Schedules - Urgent
Politics |Yesterday, 20:05 |Baghdad today – Baghdad Today, Monday (March 11, 2024), the Finance Committee in the Iraqi Parliament confirmed that it does not know the contents of the 2024 budget schedules, in addition to not knowing the date of sending them to Parliament.
Committee member Mustafa Al-Karaawi told “Baghdad Today” that “the Iraqi government is very late in the issue of sending the schedules of the 2024 budget law,” noting that “the law emphasizes the necessity of sending those schedules before the end of the fiscal year, that is, before the end of the last year.”
Al-Karaawi stated, “Our last meeting with the Minister of Finance, Taif Sami, in which I confirmed that the tables are still with the Council of Ministers and they are supposed to be sent soon to us in the House of Representatives so that they can be reviewed and voted on quickly so that the budget with all its paragraphs and projects is passed,” pointing out that “to Now we do not know anything about the schedules and we do not know exactly when they will be sent.”
More than two months have passed since the new year without the budget for 2024 being completed, amid the need to make some amendments, especially the costs of oil production in Kurdistan, as well as the costs of the salaries of its employees. LINK
JP Morgan I think is going to be extremely important to us...Don't just think that you're going to be limited to Chase and JP Morgan. I used [them as example] only so that it could be of help to you.
To guide you. At least you know where you can start. If you don't like them go somewhere else.
The conditions of the monetary reform are perfect. All the waiting that we've been having forever and ever is also very perfect because what we're waiting for is just one thing and one thing only, the new exchange rate. That's it. The evidence is, banks know now.
