Tuesday, May 28, 2024
Al-Furat News} Publishes The International Monetary Report On Iraq And Praises Its Financial Reforms, 28 MAY
Al-Furat News} Publishes The International Monetary Report On Iraq And Praises Its Financial Reforms
Time: 05/27/2024 {Economic: Al-Furat News} The report issued by the International Monetary Fund mission for the current year 2024 for Article Four consultations praised the Iraqi government’s measures, including the monetary policy led by the Central Bank of Iraq.
The report, a copy of which was obtained by Al-Furat News, indicated that “the Central Bank of Iraq has taken several measures aimed at stabilizing the national currency and controlling monetary inflation.”
He added, "The Central Bank raised the interest rate on monetary policy tools from 4% to 7.5% and increased the banks' mandatory reserve requirements from 15% to 18%. These steps were decisive in reducing the inflationary pressures that Iraq suffered from, and this contributed to creating an environment A more stable economy.”
The report stressed that "important reforms in the banking sector, such as the gradual increase in bank capital and mergers between small banks, aim to strengthen the banking sector and increase its efficiency and flexibility in the face of economic shocks."
The report noted that “Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, in addition to the role of the Central Bank of Iraq in expanding Correspondent banking relationships, to facilitate smoother international trade financing operations.” LINK To view the full report, click here
Coffee with MarkZ. Joined by Zester this morning for a QFS update. 05/28...
A Positive Report From The World Bank On Iraq's Monetary Policy, 28 MAY
A Positive Report From The World Bank On Iraq's Monetary Policy
Economy | 05/27/2024 Baghdad - Mawazine News The report issued by the International Monetary Fund mission for the current year 2024 for Article Four consultations, today, Monday, praised the Iraqi government’s measures, including the monetary policy led by the Central Bank of Iraq.
The report indicated, according to a statement issued by the Central Bank and received by “Mawazine News,” that “the Central Bank of Iraq has taken several measures aimed at stabilizing the national currency and controlling monetary inflation,” adding that “the Central Bank has raised the interest rate on monetary policy tools from 4% to 7.5%.” % and increasing banks’ mandatory reserve requirements from 15% to 18%.
These steps were decisive in reducing the inflationary pressures that Iraq suffered from, and this contributed to creating a more stable economic environment.
The report stressed that “important reforms in the banking sector such as gradually increasing In bank capital and mergers between small banks aim to strengthen the banking sector and increase its efficiency and flexibility in the face of economic shocks.”
The report noted that “Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, in addition to the role of the Central Bank of Iraq in expanding Correspondent banking relationships, to facilitate smoother international trade financing operations.”
"RV UPDATE" BY TRUTH WARRIORS, 28 MAY
TRUTH WARRIORS
💥🇺🇸. Iraq is shifting to a gold backed currency! This makes their dependence on oil to back their currency non relevant! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. There will be numerous investment opportunities for many in Iraq! 💥💥💥Humanitarian projects will be welcome to help launch Iraq into a global economic hub in the Middle East! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Experts say that the dinar will reach parity very soon! Great news for everyone!🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Zimbabwe promoting their new Zig currency and jailing illegal currency sellers. 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸☝️☝️☝️☝️Nader says that the war with Iraq had ended when Sudani came to the U.S. last month. 💥💥💥 The U.S. will keep bases in Iraq to protect their assets just like they do in Germany and other places. 💥💥💥 The U.S. gave 100% of Iraq to Iraq.🇮🇶 It happened this month! 💥💥💥. Great news! 🇺🇸💥🇺🇸☝️☝️☝️
https://dinarevaluation.blogspot.com/2024/05/rv-update-by-truth-warriors-27-may.html
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...