Parliamentary Finance: The Central Bank promised to launch construction loans, 21 MARCH

Parliamentary Finance: The Central Bank promised to launch construction loans

Information / Baghdad
The Parliamentary Finance Committee revealed, today, Wednesday, the Central Bank’s intention to support banks through loans, while indicating that the Ministry of Labor has opened the platform for applying for small project loans.

The representative of the committee, Mustafa Al-Karaawi, told the official agency, “The committee called, during its hosting of the governor of the Central Bank, to support the banks, especially in the issue of loans,” noting that “the governor of the central bank promised the committee to launch loans, especially the Real Estate Bank, to support the construction movement.”
He added, “Loans for small projects will be through the Ministry of Labor, which in turn has opened a platform to provide unregistered people who have not benefited from previous loans in order to support projects, with the value of the loan reaching 50 million dinars.”

almaalomah.me

"RV UPDATE" BY MARKZ, 21 MARCH

  MarkZ  

 [via PDK] 

 I think the news is getting restricted as we get closer. I think the quiet is a positive sign. A number of sources were given cautionary notices to be quiet or NDA’s. So to me it’s a great sign that things are quiet... Contacts in Iraq and around the world still think we are within days…but they have thought that before….so not going to jump out of my skin just yet. The quiet is probably the thing that is the most encouraging to me right now.

...I've been told absolutely clear that it does not matter circulated or uncirculated to participate and that makes sense...

  I have a number of banking contacts that have launched into overdrive for this week …Lots of people expected announcements overnight last night...

the electronic platforms being wildly successful is key to them implementing their change in value. And the Real Effective Exchange Rate (REER) is expected this week according to Iraqi contacts.  Most of my Iraqi contacts expect it by April 1st. Praying they are right. 

Iraqi Dinar🔥Even Bigger Announcement Very Important Tonight For Iraq 202...

UNITAD ends work ‘early’ after straining relations with Iraqi government, 21 MARCH

UNITAD ends work ‘early’ after straining relations with Iraqi government

Shafaq News / A United Nations mission formed to help Iraq investigate accusations of genocide and war crimes by ISIS, was forced to finish its work early before completing the investigations, after its relationship with the Iraqi government was strained, according to Al-Hurra.

The cancellation of the mission, formed in 2017, comes nearly 10 years after the terrorist organization overran large areas of Syria and Iraq, while many of the organization’s victims remain displaced in the camps and yearn for justice.

Christian Richer, head of the UN investigation team to promote accountability for crimes committed by ISIS, told Reuters in an interview: “Has the work been done? Not yet, and that’s pretty clear.”

He added: “We need more time. And if we set a deadline in September 2024, we will not have completed the progress of investigations or other projects, such as a central archive of millions of evidence.

Critics of Iraq’s decision to end the mission say it will hamper efforts to hold more ISIS elements accountable, after UNITAD team contributed to at least 3 convictions, on charges of genocide and other international crimes in Germany and Portugal.

They also say it casts doubt on Iraq’s commitment to holding ISIS members accountable for such crimes at home.

For his part, the prime minister’s foreign relations adviser, Farhad Aladdin, told Reuters that the investigation team was “no longer needed” from Baghdad’s point of view, considering that the team “did not cooperate successfully” with the Iraqi authorities.

He added that the mission “has not responded to repeated requests for sharing evidence, and must do so now before ending its work.”

https://www.shafaq.com/ar/سیاسة/يونيتاد-تنهي-عملها-مبكرا-بعد-توتر-علاقاتها-مع-الحكومة-العراقية

"RV UPDATE" BY PIMPY, 21 MARCH

Pimpy    [Response to Guru Jeff's budget/ exchange rate posts 3-19-2024 below]  

They are going to amend the budget with or without a rate change....Does it make sense for you to release the budget before they increase the exchange rate because then you have to turn around and redo the budget and make all the changes to the budget using the new exchange rate.

  So no, it doesn't make sense to release the budget before you change the exchange rate.  You would change the exchange rate then go through and amend all of your budget because the money you've allocated obviously has changed...

The suspension of the funds has to do with corruption.  The reforms can be activated without changing the rate.  They're going to reallocate revenue from oil to help fund all these reforms...

Dinar RV News Today🔥Breaking Down Iraq's Currency Reform & Implications ...

Iraq’s accession to the European Bank for Reconstruction and Development, 21 MARCH

Iraq’s accession to the European Bank for Reconstruction and Development

Mawazine News Baghdad

The Iraqi Fund for Foreign Development at the Ministry of Finance announced, on Wednesday, that the Republic of Iraq joined the membership of the European Bank for Reconstruction and Development (EBRD) after the approval of the accession law by the House of Representatives.

Finance said in a statement, received by Mawazine News, that this comes within the ministry’s vision to strengthen cooperation and communication frameworks between Iraq and international financial institutions, and after the continuous coordination of the Fund with the management of the European Bank and the completion of the Iraq contribution process and the completion of all documents related to accession.

The Fund stressed, according to the Finance Statement, that accession will enable the European Bank to finance projects within the country, promote development for different sectors, support the entrepreneurship initiative and support the private sector through investments, participate in policy dialogue and technical assistance.
The European Bank for Reconstruction and Development (EBRD) is a London-based multilateral development bank, focusing on investment as a tool to rebuild market economies in beneficiary countries, with a focus on supporting the private sector and its investments in advisory and political activities, the statement noted.
According to the Iraqi Finance, this bank is helping countries develop their policies to promote energy self-sufficiency or renewable energy markets.

https://www.mawazin.net/Details.aspx?jimare=244232