Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar, 15 MARCH

 Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar

Shafaq News / The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar.

This came in a meeting held by the committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank, Ali Al-Alaq, according to a statement issued by the parliamentary finance.

At the beginning of the hosting held at the headquarters of the committee, Al-Atwani stressed the importance of following up the economic file and monetary policy, based on the regulatory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The statement added that the committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the law of the Central Bank.

https://www.shafaq.com/ar/اقتصـاد/المالية-تناقش-مع-البنك-المركزي-سبل-زيادة-قيمة-الدينار-العراقي

"RV UPDATE" BY MILITIAMAN, 15 MARCH

Militia Man 

 Article:  "Economics website: A new application enhances investment movement in Iraq"  

Quote:  “...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”

  It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

 Article:  "Economics website: A new application enhances investment movement in Iraq"  

Quote:  “.. .The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.” 

 It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-14-march.html

iraqi dinar|Market Crush Its Big Impact On Iraqi dinar Revaluation | Ira...

Tehran, Baghdad “Keen to Expand Banking Ties”, 15 MARCH

Tehran, Baghdad “Keen to Expand Banking Ties”

14th March 2024 in Iraq Banking & Finance News

From Tasnim, under a Creative Commonslicence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

The chairman of the Iran-Iraq Joint Chamber of Commerce said banking officials from the two countries are keen to expand the monetary and banking relations.

There is not any problem in the field of banking and monetary interactions between Iran and Iraq, Yahya Al-e Es’haq said, adding that the two sides are pursuing the implementation of the agreements previously inked by the two central banks.

Referring to the suspension of the activity of Bank Melli Iran (BMI) in Iraq by the central bank of the Arab country, the official said a number of Iranian banks had been authorized to be active in this Arab country but a recent decision came due to the sanctions imposed by the United States.

Recently, however, the Central Bank of Iraq (CBI) has announced that the activity of Bank Melli Iran will continue in this country, Al-e Es’haq added.

He put the current value of the annual trade exchanges between Iran and Iraq at about $10 billion, adding that the two countries have a high potential to enhance bilateral trade.

Iran and Iraq are interested in boosting mutual banking, monetary and trade ties, so the economic officials of the two countries should roll up their sleeves in order to spur trade and economic activities, he stated.

https://www.iraq-businessnews.com/?p=217153

"RV UPDATE" BY FRANK26, 15 MARCH

 Frank26 

 I've always said that when it would happen IMO it would be from a Saturday night when you're asleep to when you wake up on Sunday morning. Saturday into Sunday is what I've always said.  Sunday into Monday is illogical because that's a second day of the week.  The first day of the week is when you would officially kick the football and start the game.

 The banks are not saying as much that it's a scam.  If you hear someone that says it's a scam it's probably someone at the very front line. 

 But once you get past them we're finding they have JP Morgan representatives at every Chase Bank it seems like.  Perfect timing...Not one bank story has been negative in 8 or 9 days or so...The resistance is getting less and less.  The force field is no longer at 10, it's probably at 1 or 2.

Iraqi Dinar💰Wow Its Messive Iraqi Dinar Going To Be Internationally-Iraq...

Parliamentary Finance hosts the Governor of the Central Bank of Iraq, 15 MARCH

 Parliamentary Finance hosts the Governor of the Central Bank of Iraq

Mawazine News – Baghdad
The Parliamentary Finance Committee announced, today, Thursday, the hosting of the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss important files.
A statement from the committee received by Mawazine News stated, “The Finance Committee, headed by Atwan Al-Atwani, began a session hosting the Governor of the Central Bank, Ali Al-Alaq.”
He continued, “The hosting came to discuss a number of important files.”

https://www.mawazin.net/Details.aspx?jimare=243853