Iraq suspends official work to celebrate Victory Day
he Council of Ministers announced today, Tuesday, that official work will be suspended on December 10th in celebration of Victory Day.
He said in a statement,
"The Council of Ministers decides to suspend official work on Tuesday, December 10, 2024, in all ministries and government institutions, in celebration of Victory Day and the anniversary of the liberation of the land of Iraq from the terrorist ISIS gangs."
{Economic: Al-Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alak, revealed the imminent launch of the {Riyada} bank to support small and micro enterprises.
Al-Alak said in a press statement that “Riyada Bank will be with the contribution of Iraqi banks and with the support of the Central Bank itself in order to diversify the productive base, reduce unemployment levels and provide basic pillars for sustainable development and with the support of competent international organizations.”
He added that “the Central Bank adopts a financing initiative for the purchase of solar systems and the licensing of (Green Bank) to be the first bank in the region specialized in green finance and renewable energy projects as part of facing the challenges of climate change,” noting that he announced this in a session on (the role of central banks in climate change) held in Cairo.
Regarding the impact of tensions in the region on monetary stability, Al-Alak said: “The monetary position in Iraq is (very excellent) at present in terms of controlling inflation and the high sufficiency of foreign reserves, which enables the Central Bank to be stable, defend the exchange rate, and achieve monetary stability, despite the circumstances surrounding the country and the region,” noting that “the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks in
area.”
Al-Alak stressed that the Central Bank’s success in implementing the transition plan in “external remittances, in accordance with international practices and standards, and that it is currently carried out smoothly and transparently – especially covering imports at the official exchange rate – which leads to general stability in prices, as for personal transfers and the use of cards outside Iraq; Its system is being developed to ensure their smoothness, and it was agreed with all concerned companies on new mechanisms to enhance the relevant accounts.”
NADER FROM MID EAST CC HIGHLIGHTS NOTES
Israel’s actions are leading to diminishing international legitimacy, loss of support, and potential military defeat, while the narrative will likely be manipulated by Western media.
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Trump wrote on his social media account...They can go find another sucker.
There is no chance the bricks will replace the US in international trade and any country that tries should wave goodbye to American.
U.S. president-elect Donald Trump has put the BRICS nations on notice with a fiery warning that sounds like it came straight from a
blockbuster movie script...while doubling down on threats of a whopping 100% tariff. Talk about a power move...t a time when tensions are increasing in the region surrounding Iraq, eyes are looking to the arrival of US President-elect Donald Trump and how he will deal with various files,especially with regard to Iraq and what awaits his dual role that he plays between calming the situation and being a major element in the “axis countries.”
An Al Arabiya report quoted sources close to Republican thinking and Trump about what he might be planning in Iraq, saying that Trump and his aides are determined to confront Iran, and the first step will be to prevent Iran from using…Iraq To smuggle oil, and prevent Iran from exploiting the banking and financial system Iraqi To smuggle Dollar American.
The report added that “the leakage of weapons will be…Iranian to Iraq Syria and Lebanon are a direct target for the Americans, and if they do nothing directly regarding weapons, Trump may open the door wide for Israel to expand its attacks on the Iranians and the factions loyal to them on Iraqi territory.”
He believes that Trump’s arrival and the Americans’ attempt to confront the Iranians, starting with Iraq, will increase al-Sudani’s challenges, and he may find encouragement from Countries Arab and European, but the difficulty will lie in the ability of these regional and international players to contain Trump or Iran, or to help the Iraqi government find the immunity it needs while each party pushes towards its own interests.
