Central Bank announces progress in the procedures of controlling the dollar, 13 NOV

 Central Bank announces progress in the procedures of controlling the dollar

Economy News – Baghdad

The Central Bank of Iraq announced progress in the procedures for controlling foreign transfers and sales of the cash dollar and providing protection for the banking and financial sector from the risks of money laundering operations, following the ongoing talks of the Central Bank of Iraq with the Federal Bank and the US Treasury Department.

“The ongoing quarterly meetings with the Federal Bank and the US Treasury Department within the framework of organizing operations and coordination between the two sides, who have close relations, led to agreement on procedures and formulas that are commensurate with best practices and international standards, the latest of which was the plan to regulate external transfers by rebuilding them according to new standards and methods.”

Al-Alak added that “Iraq has made 95% progress with regard to the procedures for controlling foreign transfers and sales of the cash dollar and providing protection for the banking and financial sector from the risks of money laundering operations.”

The Iraqi government through the Central Bank of Iraq has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on some private banks operating in Iraq.

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Added 2024/11/12 – 8:52 PM

https://economy-news.net/content.php?id=49759

TIDBIT FROM FIREFLY, 2 NOV

 Frank26 

 [Iraq boots-on-the-ground report]  

FIREFLY: Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning.  

FRANK: Why?  Because of the float.  You have to have a new exchange rate if you're going to float it.

REVALUATION UPDATE FROM JULIAN ASSANGE @DINARREVALUATION

 

The discovery of an administrative capital in Baghdad will be announced by the Sudanese soon, 2 NOV

The discovery of an administrative capital in Baghdad will be announced by the Sudanese soon

The Parliamentary Investment and Development Committee announced on Friday the existence of a government direction to announce the establishment of the administrative capital in Baghdad.

The head of the committee, Hassan Al-Khafaji, said in a press statement, that “there is a government trend during the next few period to announce the administrative capital,” pointing out that “the administrative capital will be south of Baghdad towards Alwa Al-Rashid within a large area.”
He pointed out that “this capital will include all ministries and departments according to financial allocations,” pointing out that “Prime Minister Mohammed Shia Al-Sudani will announce this capital and lay the foundation stone for it and it will be implemented and complete in the coming years.”

https://alforatnews.iq/news/الكشف-عن-عاصمة-إدارية-في-بغداد-سيعلنها-السوداني-قريباً

TIDBIT FROM MARKZ, 2 NOV

 MarkZ 

  [via PDK]   Question:  Is Nov our month Mark?  MarkZ:  ...unfortunately we blew through Oct without it…

but Nov. sure looks good.  Comment:  Others say we get notified anytime after Nov. 6th.   MarkZ:  That is pretty much what the upper echelon in banking are saying now.  

...my gut is screaming that under the distraction of this election that the whole world is watching - they are going to pull the trigger… 

That’s what my gut is saying…I sure hope I’m right this time...

FIREFLY: THE NEW EXCHANGE CENTERS ARE OPEN TO RETURN THE THREE ZEROS NOTES @DINARREVALUATION

 

Nechirvan Barzani on the appointment of Mashhadani as Speaker of Parliament: We are confident that his election is a positive step, 2 NOV

Nechirvan Barzani on the appointment of Mashhadani as Speaker of Parliament: We are confident that his election is a positive step

Shafaq News / Kurdistan Regional President Nechirvan Barzani said on Friday that the election of Mahmoud Al-Mashhadani as Speaker of the Iraqi Council of Representatives is a “positive step.”

He added in a statement in response to Shafaq News Agency, “I extend my sincere congratulations and congratulations to my dear brother Mahmoud Al-Mashhadani on the occasion of his election as Speaker of the Iraqi Council of Representatives, wishing him all the best.”

President Barzani continued, “We are confident that his election represents a positive step towards a new stage of cooperation and joint work between political forces in the political, administrative and legislative management of the country’s affairs.

He expressed his hope that “this election will contribute to strengthening national solidarity, and that it will push everyone to exert all possible efforts in order to serve the country in all its components. We look forward to the House of Representatives continuing its legislative role more effectively in promoting the legislative process and passing laws that serve the aspirations of the people and support the stability of the country and its future.”

On Thursday evening, the Iraqi Council of Representatives elected Mahmoud Al-Mashhadani as its president, after nearly a full year of political blockage and failure more than three times to resolve the file.

https://www.shafaq.com/ar/كوردســتانيات/نيجيرفان-بارزاني-بش-ن-تسمية-المشهداني-ر-يسا-للبرلمان-هذا-الانتخاب-يسهم-في-تعزيز-التكاتف-الوطني