Evening News with MarkZ, joined by Bob Lock. 10/08/2024

Governor of the Central Bank of Iraq chairs a meeting on bank lending, 9 OCT

  Governor of the Central Bank of Iraq chairs a meeting on bank lending

October 08, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, formed by virtue of Diwani Order No. 51 of 2024, in the presence of the Undersecretaries of Ministries, Organizations and Concerned Authorities.

During the meeting, the importance of the role of the banking sector, government and private institutions was discussed, and their role in implementing this strategy and implementing the main axes and sub-objectives of the National Strategy for Bank Lending was defined.

His Excellency the Governor stressed that the National Strategy for Bank Lending aims to stimulate and stimulate the Iraqi economy, in addition to achieving growth in all areas, which this strategy will contribute to through the establishment and expansion of small, medium and large enterprises, stressing the importance of cooperation of the relevant authorities in the success of this task, which is a priority at the national level in providing job opportunities for young people and investing their energies and capabilities in a way that achieves economic growth in the economic sectors.

It is noteworthy that the Central Bank of Iraq launched on May 25, 2024, the National Strategy for Bank Lending in Iraq for the years 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and international organizations. The axes of what was included in the strategy and the mechanisms for working on it were determined, each according to his specialization.

Central Bank of Iraq
Media Office
October 8, 2024

https://cbi.iq/news/view/2685

IRAQ WAS GOING TO BE THE SAVIOUR OF THE INTERNATIONAL FINANCIAL SYSTEM BY MILITIAMAN, 10 OCT

 Militia Man 

 It's one of those nail biting time-frames for us all because we've all been here and we've been watching this whole investment unfold. 

 It looks like Al-Sudani and his teams have communicated well globally and are going to produce...

 Everybody knows that Iraq...said back in September of 2023...

that Iraq was going to be the savior of the international financial system, bring confidence to the financial system in the largest banks in the world...

They've been working on this to do what they said they were going to do.

RV UPDATE BY CLARE, 9 OCT

 Clare 

 Article: "Sudanese advisor: Most state employees do not know how to use computers" 

 Quote:  “Iraq suffers from a weakness in human resources for digital transformation...We are in the process of creating a digital academy to appoint and train millions of employees

... The academy is being built by the private sector, not the state, and in cooperation with Microsoft and Apple...

The Iraqi state has 5.25 million employees, most of whom do not know how to use computers."

FRANK26….10-8-24…IQD UPDATE & MILES FRANKLIN GOLD & SILVER

Central Bank Governor chairs first bank lending meeting, 9 OCT

 The first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq was presided over by Ali Al-Alaq, the Central Bank Governor.

“The Governor of the Central Bank, Ali Mohsen Al-Alaq, presided over the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, formed pursuant to Diwani Order No. 51 of 2024, in the presence of Ministries, Organizations, and Concerned Authorities’ Undersecretaries.”

“The meeting discussed the importance of the role of the banking sector, government and private institutions, and defined their role in implementing this strategy and implementing the main axes and sub-goals of the National Strategy for Banking Lending,” the bank continued.

“The National Strategy for Banking Lending aims to stimulate and stimulate the Iraqi economy, as well as achieve growth in all areas, which this strategy will contribute to through the establishment and expansion of small, medium, and large enterprises,” the statement emphasized the governor.

The governor emphasized “the importance of cooperation between relevant parties in the success of this mission, which is a priority at the national level in providing job opportunities for young people and investing their energies and capabilities in a way that achieves economic growth in economic sectors.” This mission is a priority at the national level in providing job opportunities for young people.

It is noteworthy that on May 25, 2024, the National Strategy for Banking Lending in Iraq for the Years 2024-2029 was launched by the Central Bank of Iraq.

THE ROAD & RAIL PROJECT WOULD IMPROVE THE VALUE OF THE IRAQI DINAR BY PIMPY, 9 OCT

 Pimpy 

 When we're trying to judge where the Iraqi dinar is, we're talking about where it is right now.  But wait, there's other things out there that would benefit the Iraq dinar...People wanted to know what I was talking about...

The Road and Rail Project would improve the value of the Iraqi dinar. 

 Iraq has been focusing on improving its infrastructure, particularly in road and rail transportation as part of the broader economic development strategy...

The more people are working, the more people got money, the more people that have money, the more people go out and shop, which is exactly what Iraq needs to stimulate the economy.