Central Bank Governor: Opening external channels with foreign currencies to eliminate the black market, 13 DEC

Central Bank Governor: Opening external channels with foreign currencies to eliminate the black market

12/12/2024  Baghdad - WAA -

Governor of the Central Bank, Ali Al-Alaq, confirmed today, Thursday, that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement received by the Iraqi News Agency (INA): "The governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market. "

The governor of the Central Bank stressed - according to the statement - the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers.

The governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market."  LINK

CLARE: THIS IS THE END OF IRANIAN INFLUENCE?, 13 DEC

 Clare 

 Article: "Iran Abandons Iraqi Factions: Does This Mean the End of Iranian Influence in Iraq?  Iran disavows support for Iraqi factions: The end of Iranian influence?" 

 Quote: "In a move that sparked widespread controversy within Iraqi circles, the American website “Media Line” revealed that Iran informed the leaders of the Iraqi armed factions that it is unable to provide them with any kind of support if they are targeted inside Iraq. 

These statements, which come at a sensitive time, open the door to questions about the future of the relationship between Iran and its allies in Iraq"

CLARE: THIS IS THE END OF IRANIAN INFLUENCE? @DINARREVALUATION #iraqidinar #iraqidinarinvestor

 

The Securities Commission warns against dealing with fictitious companies claiming to provide stock trading services, 13 DEC

 The Securities Commission warns against dealing with fictitious companies claiming to provide stock trading services

12/12/2024  Baghdad

The Securities Commission warned citizens, on Thursday, against dealing with fictitious companies that claim to provide online stock trading services.

A statement by the Authority, seen by Al-Eqtisad News, quoted its Chairman, Faisal Al-Haims, as saying, “These misleading companies that publish their advertisements on social media sites aim to exploit and deceive citizens.”

Al-Haimas called on "citizens to invest in the Iraqi Stock Exchange, where there is a safe investment environment and companies licensed by the Commission, subject to strict controls and laws set to protect investors and guarantee their rights. "

He added, "The Iraq Stock Exchange includes reliable companies operating in various sectors, and provides promising investment opportunities. We invite everyone to visit the official website of the Securities Commission to verify the companies authorized to trade."

The Authority indicated that it "continues to monitor the market and take the necessary measures against illegal entities," stressing "the importance of being accurate and avoiding dealing with suspicious entities."   LINK

WALKINGSTICK: the CBI can create an operational budget that does not have to be approved by parliament, 13 DEC

  Walkingstick  

[Iraqi bank friend Aki update]

Aki wants us to know there are a lot of rumors...

He  believes because of these rumors Sudani has something up his sleeve...

The CBI is the boss of the currency of Iraq.

  Sudani is the  owner of it.  He wants to make sure it's distributed properly...

Sudani and the CBI can create an operational budget that does not  have to be approved by parliament, therefor superseding the needed laws for Sudani and the budget.  

WALKINGSTICK: the CBI can create an operational budget that does not have to be approved by parliament