Governor of the Central Bank of Iraq receives the Ambassador of the Federal Republic of Germany to Iraq. 14 oct

 Governor of the Central Bank of Iraq receives the Ambassador of the Federal Republic of Germany to Iraq

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Her Excellency the Ambassador of the Federal Republic of Germany to Iraq, Ms. Christiane Homann.

During the meeting, they discussed banking relations, enhancing the financial inclusion plan in Iraq, and the importance of digital transformation, in addition to providing full support to Al-Riyada Bank for financing small projects, which will launch its services soon.
His Excellency the Governor stressed that there is a great desire among citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the relevant authorities.

His Excellency explained that Al-Riyada Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a bank different from other banks through its unconventional products that will contribute to creating job opportunities for various social groups in society, and open new horizons in a stable investment environment, noting that there will be representative offices in most Iraqi banks to facilitate customers' access to it and benefit from its services.

The plan to reform the government and private banking sector was reviewed with direct support from the Prime Minister to achieve a stable, secure and efficient sector.

For her part, the German Ambassador expressed her country's readiness to provide advice and technical support for such important projects that support the common goal of diversifying the Iraqi economy.

Central Bank of Iraq
Media Office
October 14, 2024  link

RV UPDATE BY BREITLING, 14 OCT

  Breitling 

 When people were buying dinar from banks here in the United States there was a difference in the exchange rate. 

 One bank was 1% another bank was 2%...I bought mine from an American Chase Bank.  

I asked them where did they get their dinar, they got it from Bank of America. 

 It specifically came out of Saint Louis.

THE RV WILL ADD VALUE TO THE IRAQI DINAR!! @DINARREVALUATION

The third issue of “Enjaz” government bonds was offered for public subscription, 14 OCT

 The third offering of public subscription for government “Injaz” bonds was made public on Sunday by the Ministry of Finance.

“The ministry offered the third issue of government “Injaz” bonds for subscription, with a total value of 1.3 trillion dinars,” the ministry stated in a statement obtained by

The statement went on to say that “the subscription method will start tomorrow, Monday 14/10 until 13 October, and purchase requests can be submitted at branches of banks authorized by the Central Bank, with the required identification documents attached,” and that “the amount will be transferred via the RTGS electronic payment system on the same day of purchase,

 and the buyer will receive a temporary receipt until the bond is received from the bank.” In addition, “the amount will be transferred via the RTGS electronic payment system on the same day of purchase, and the buyer.

RV UPDATE BY FIREFLY, 14 OCT

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY: Minister of Finance on TV saying they have activated the automation and digitization process. 

 FRANK:  That's important.  Digitization...is the backbone of the monetary reform.  

That's what's going to move the currency in and out of the country but more so out there when it starts to float for us...That will add the Real Effective Exchange Rate to your currency. 

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-firefly-12-oct.html 

Frank26 

 [Iraq boots-on-the-ground report]   

FIREFLY:Television is showing there was meetings going on.  These meetings are every day. 

 They say there was Sudani who had his meeting with his Finance Minister and all of the lead bank officials and with the audit companies.  

FRANK:  Sudani meeting with the powerhouse of his monetary reform. 

 FIREFLY:  It looks like Sudani is crossing all of his T's and dotting all of his I's one last time!

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-firefly-9-oct.html---

----

FIREFLY:They are telling us deleting zeros and enhancing value.  We never heard this before.

  FRANK26:  This is extremely impressive in the way the monetary reform is coming to you faster.  

 We predicted this.  It's good to see it happening.

https://dinarevaluation.blogspot.com/2024/10/they-are-telling-us-deleting-zeros.html

DINAR REVALUATION : RV HIGHLIGHTS!!!

Iraq warns against regional escalation, rejects use of airspace for strikes on Iran, 14 OCT

 Shafaq News/ On Sunday, Iraqi Foreign Minister Fuad Hussein warned that the ongoing conflict involving Israel could expand to include Iran, potentially threatening global energy supplies and creating a worldwide crisis. 

During a joint press conference with his Iranian counterpart, Abbas Araghchi, who is visiting Baghdad, Hussein cautioned against the widening of hostilities. “The Israeli aggression on Lebanon could lead to the outbreak of another war,” he said.

Hussein expressed concern that the continued fighting in Gaza and Lebanon poses a major threat to regional security and stability. “The ongoing war is dangerous, and its escalation threatens the entire region,” he said.

“Iraq stance is firm, we are against using our airspace as part of any military action,” stating, “The Iraqi government has not made any decision to engage in war. Such decisions rest with the state and its three authorities.”

The Iraqi foreign minister also rejected the possibility of the conflict expanding towards Iran and Iraq being used as a passage in the conflict. “This is unacceptable,” Hussein remarked, adding that war in the region would severely impact global navigation and spark a worldwide energy crisis.

“Our region is facing very serious challenges,” he said, warning that tensions could lead to broader conflicts. “We are in a precarious situation, and there is a potential for escalation into a full-scale war.”

Moreover, Hussein called for an end to Israeli hostilities in Gaza and Lebanon and expressed Iraq’s commitment to pursuing peace and a ceasefire. “We continue our efforts to deliver aid to the displaced, whether in Lebanon or Syria,” he added.