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Central Bank discusses Increasing the Value of the Iraqi Dinar, 16 MARCH

Central Bank discusses Increasing the Value of the Iraqi Dinar

On Thursday, Iraq’s Finance Committee, led by Atwan Al-Atwani, met with its members and the Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, to discuss monetary policy, the banking system, and strategies for increasing the value of the Iraqi dinar.

Al-Atwani emphasized the significance of monitoring the economic situation and monetary policy using oversight principles. He emphasized the need of finding acceptable answers to the challenges affecting the Central Bank’s operations.

The Committee stated a willingness to work with the Central Bank to increase the value of the Iraqi dinar, stabilize the market, reduce the burden on residents, and resolve deficits.

The Central Bank Governor examined economic and monetary issues, highlighting the need for fundamental laws to oversee transfers and assess cash transactions. He praised the Finance Committee’s efforts to monitor the country’s financial and economic developments.

The Committee discussed with the Central Bank Governor the adopted international standards, future plans to improve banking institutions, opportunities for expanding relations with international banks, restructuring the banking sector, transitioning to electronic payments, and the possibility of amending the Central Bank law.

"RV UPDATE" BY PETRA, 15 MARCH

Petra

  Early Monday morning was the article demonstrating the fact that Sudani was considering changing the rate of the dinar from 1310 to 1.32 which for us in the United States is $0.79... 

Then the very next day we get an article talking about the new small category notes.  They're talking rate, they're talking notes.  And then you got Tannini the Commerce Director there talking about a surprise could happen within hours in regards to their monetary reform...

Dinar RV Breaking News🔥Wow! Parliament Finance & CBI Aims to Boost Dinar...

Iraq to sign new maintenance contracts with General Electric, 15 MARCH

Iraq to sign new maintenance contracts with General Electric

General Electric (GE) said on Thursday that it will enter into long-term maintenance contracts with the Iraqi Ministry of Electricity, with a production capacity of about 9,000 megawatts.

GE also announced its intention to incorporate digital technologies into energy production in Iraq.

Rashid Al-Janabi, the company’s director in Iraq, said in a statement that GE is presently exploring long-term maintenance contracts in Iraq to ensure energy supply from the company’s gas-powered power facilities.

Al-Janabi highlighted that, in addition to establishing monitoring, control, and diagnostic centers to maintain and improve the system’s performance, the agreement with the Ministry of Electricity will greatly speed investment.

The agreement will entail the creation of a training center to improve the professional skills and leadership abilities of the Ministry of Electricity’s personnel.

The use of digital technology will improve and boost production capacity, as well as the efficiency of the units, allowing for the best possible output.

"RV UPDATE" BY FRANK26, 15 MARCH

 Frank26 

  There was an announcement made by the Prime Minister Sudani...He told the Iraqi citizens, I'm going to add value to your currency.  He used a solemn oath that swears upon Allah their God.  You don't go around breaking that promise.

  It was exciting to realize the Prime Minister told the people, I assure you, I give you a solemn holy oath were going to add value to the currency... Sudani told the citizens we're going to raise it to $1.32...He explained if we lift the 3-zeros from the exchange rate we'll be able to give you $1.32 in country.  That's good purchasing power.

🔥 Iraqi Dinar 🔥 Float RATE OF Dinar $1.32 🔥 Guru News Exchange Rate Tod...