The Central Bank announced on Monday that the real estate bank’s liquidity support by 2 trillion dinars.
The Central Media Office said in a statement, seen by “Economy News”, that “supporting the real estate bank’s liquidity in the amount of (2) trillion dinars, to meet the applications of citizens applying to purchase units in residential complexes in all governorates, starting with ready-to-house units.”
He added that “300 billion dinars were allocated to meet the requests of citizens to buy a house outside the complexes, which had previously obtained fundamental approvals from the real estate bank.”
Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Quote: "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices? These are paths that have no answers on the ground and are really very ambiguous"
Clare
Article: "Trade discusses the mechanism for Iraq's accession to the World Trade Points Federation"
Quote: "The Private Sector Development Department discussed with the Departments of Foreign Economic Relations and Administrative and Financial Affairs at the Ministry of Trade, the mechanism for Iraq's accession to the Federal Union of World
Trade Points, the legal procedures for joining, and the benefits that the Iraqi sectors will obtain."
Clare
Article: "Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains"
Quote: "There are calls to float the exchange rate in Iraq...Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority...There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy."
Clare
Article: "US Treasury places Khamis Al-Khanjar on sanctions list"
Quote: "The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited."
Article: "Central Bank Governor Participates in a Workshop Specialized in Electronic Payment" Quote: "His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development."
Judge Faiq Zeidan and the US Embassy Judicial Attaché Meeting in August 2024
Judge Faiq Zeidan, a prominent figure in Iraq's legal system, met with the judicial attaché at the US embassy in August 2024 to discuss a series of joint legal files. The meeting underscored the ongoing collaboration between the Iraqi judiciary and the US legal system, highlighting efforts to strengthen bilateral ties and address mutual legal concerns.
Importance of the Meeting
The discussion between Judge Faiq Zeidan and the US embassy's judicial attaché centered on various joint legal files that are crucial for both nations. These files typically encompass a range of issues, including extradition requests, mutual legal assistance in criminal matters, and the handling of cases with cross-border implications.
Strengthening Legal Cooperation
The meeting was part of broader efforts to enhance legal cooperation between Iraq and the United States. By addressing joint legal files, both parties aimed to streamline judicial processes, improve the sharing of information, and ensure that their legal systems remain compatible and responsive to each other's needs.
Impact on Iraq's Legal Landscape
Judge Faiq Zeidan's engagement with the US embassy's judicial attaché also reflected Iraq's commitment to modernizing its legal framework. The Iraqi judiciary has been working to align its practices with international standards, and such meetings are key to achieving these goals.
Challenges and Opportunities
While the meeting underscores the progress made in legal cooperation, it also highlights ongoing challenges. Issues such as the sovereignty of national legal systems, the complexity of international law, and the need for effective communication remain critical to the success of such collaborations.
Conclusion
The August 2024 meeting between Judge Faiq Zeidan and the US embassy's judicial attaché marked a significant step in the ongoing legal dialogue between Iraq and the United States. Through continued engagement and cooperation, both nations aim to address joint legal files effectively, fostering a stronger, more integrated legal relationship.
Mawazine News – BaghdadThe President of the Supreme Judicial Council discussed, on Sunday, with the American judicial attaché Ellen Andrezi, the joint legal files between the two countries.
The Media Center of the Judicial Council, received by Mawazine News, stated that “the Chairman of the Supreme Judicial Council, Judge Faiq Zidan, received today, Sunday, the judicial annex to the US Embassy in Baghdad, Ms. Ellen Andrezi.” “Judge Zidane discussed with her a number of common legal files,” he added.
The U.S. is not a hold up. You guys can call it like that but the US is not a hold up. They want to really help the economy in Iraq. Because they destroy it, now they want to build it again. They're waiting for the right moment to put it back normal.
Nader From The Mid East
1310...1160...1400 never worked. They just come out with number and give it to us and sometime you wake up and they take 1310 and sometime you can wake up and they tell you 1160 and sometime 1400...Don't tell me it worked because I know in my heart it's not 1310. It never worked for 21 years. It made the people poor. It made the economy bad. If it's going to stay like that the next couple of years it's going to make the economy worse. They're going to have to change it.
[Iraq former government/UN employee friend Imad from Basra update]
Question: "Have they come out with the new notes in Iraq?"
No. They working on it.
[Iraq former government/UN employee friend Imad from Basra update]
Question: "The Untied States, do they have anything to do with the Iraq currency?"
Of course, yes, they control it. They have some interest between the two countries.
