Thursday, May 2, 2024
The Central Bank of Iraq organizes a celebration on the occasion of Financial Inclusion Week, 3 MAY
The Central Bank of Iraq organizes a celebration on the occasion of Financial Inclusion Week
May 02, 2024
The Financial Inclusion Department at the Central Bank of Iraq organized a celebration on the occasion of Financial Inclusion Week in Iraq.
The celebration reviewed the efforts of the Central Bank of Iraq in promoting and achieving the ideal environment for the success of financial inclusion in Iraq, encouraging savings and spreading banking culture.
His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, confirmed on the sidelines of the celebration that the steps achieved in financial inclusion that were accomplished today are accelerating and can close the gap that occurred during the past years as a result of the circumstances that Iraq went through
His Excellency stated that the bank has ongoing meetings with the Iraqi government to expand the customer base in electronic payment methods and enhance financial inclusion, as we see a great response from various state institutions in the context of expanding the financial and banking culture in Iraq.
His Excellency believed that the factors that lead to the success and expansion of the role of financial inclusion are the citizen’s confidence in the institutions and tools available to him, as well as his vision of his interest in using them.
He continued, that the Central Bank has become at the forefront of global central banks using various financial technologies that provide speed and accuracy, revealing at the same time that the bank has received large preparations to establish digital banks and the relevant departments are working on the possibility of granting them a license to carry out their work in accordance with the controls and instructions issued by the bank.
His Excellency noted the “Riyada” Bank project, which will be an important project as we are in the advanced stages of establishing the bank and will constitute a qualitative leap in supporting and financing small and medium enterprises and providing job opportunities for wide segments of society. It will also have branches throughout Iraq.
It is noteworthy that the Financial Inclusion Department organized many different events in the capital, Baghdad, and other governorates within the Financial Inclusion Week in Iraq, which began on April 27 and continued until May 2 of the current year.
Central Bank of Iraq
Information Office
2 - May – 2024 LINK
"RV UPDATE" BY CLARE, 3 MAY
Clare
Article: "Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one”
Quote: "Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one..."
Article: "On a tour that included Karbala, Babylon, and Ur... Two American tourists: We felt completely safe in Iraq"
Quote: "Hudson and Emily Crider, travel the world on a mission to explore each country and document its cultural experiences..
.In a series of more than 20 videos, the Criders detail what it's like to be an American tourist in Iraq, offer travel tips and debunk misconceptions about the country...They said: As Christians, we found (Karbala) a wonderful city to see and the people were very welcoming. It is really special that they allow people of all religions to come here and learn more about their beliefs. ”
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Article: "Prime Minister’s Advisor: We will see the dollar fall on the black market soon". Quote: "The political advisor to the Prime Minister, Fadi Al-Shammari...pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”
Article: "CEO of JPMorgan Chase expresses Support for Iraq” Quote: "Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC."
Article: "Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar"
The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence, 3 MAY
The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence
Deep state conflicts in Iraq: The assassination of “Umm Fahd” reveals the depth of the crisis
May 1, 2024Last updated: May 1, 2024
The Independent/- Baghdad is experiencing heated conflicts between the parties of the “deep state” since the return of Prime Minister Muhammad Shiaa Al-Sudani from his last visit to Washington.
Political sources indicate that these conflicts are due to fears about the results of the visit, which some pro-Iranian parties saw as a “departure from the agreed upon text.”
Disagreements over American agreements:
Al-Sudani's opponents believe that the agreements he concluded with American entities and companies constitute a loss to Iran, which enjoys the largest share of the Iraqi economy's returns.
Information indicates that these differences have begun to surface after disagreements emerged within the “coordination framework” against the backdrop of the latest elections for the governorate councils and the election of a new speaker of parliament.
Possible “bone fracture”:
Observers expect that the escalation of these conflicts will lead to unexpected “bone-breaking” operations, especially after two separate incidents that occurred last week:
Drone attack on the Kormor gas field in Sulaymaniyah: It is believed that this attack, which led to the death of several workers and the disruption of electrical power in large areas of the region, is a message from Iran’s pro-government militias that Iraq will not be able to end its import of Iranian gas.
Assassination of an influential social media figure: It is believed that the assassination of “Umm Fahd,” a person close to senior officers and prominent military and security figures, carries special political messages at this time.
“Umm Fahd” black box:
Before her death, Umm Fahd threatened to reveal “files that would collapse the political process and the military establishment.”
Many observers believe that it represents a “black box” that contains everything that those in power fear.
The Deep State: A Network of Corruption and Influence:
The deep state in Iraq is not limited to militias and mafia men, but also includes political, active, and even religious figures
This network controls important aspects of the country from behind the scenes, and has external links as well.
Iraq: a model of a failed state:
Due to the control of the deep state, Iraq has turned into a model of a failed state that has nothing to do with it.
The leaders of this network use the method of physical elimination of those who pose a threat to it, as happened with “Umm Fahd.”
Future: Skilled surgeons for major surgery:
Iraq needs a “major surgery” performed by “skilled surgeons” to treat its incurable diseases.
But it seems that the current players are not qualified to fix what was corrupted by the past twenty years. https://mustaqila.com/الدولة-العميقة-في-العراق-صراع-على-الس/
"RV UPDATE" BY KAPERONI, 2 MAY
Kaperoni
A country's currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq's economy can the dinar rise in value.
[aka Kaperoni]
Article: "Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform"
Quote: "the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely." ...this is huge news... Iraq cannot end the auctions unless they have an alternative to the auctions... which means they plan to float the dinar by the end of the year...floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency...
They will also have to use dinar to pay for goods and services which will make the dinar internationally traded...they want the banks and Iraq to establish relationships around the world with International standards and full compliance which means that means IMF Article XIV...This seems pretty clear and excellent news. We very well see that Iraqi dinar float on the global market at the end of this year or early next year...I think it's very promising...it definitely is very good news.
https://dinarevaluation.blogspot.com/2024/04/analysis-of-iraq-news-by-kaperoni-11.html
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