What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq? , 20 DEC

 What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq? 

Economic expert Alaa Al-Fahd revealed, today, Thursday (December 19, 2024), the goal of the Central Bank of Iraq in expanding external transfer channels for local banks.

Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."

He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."

He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience. Its main goal is to control the dollar exchange rate and work to reduce it."  link

TIDBIT FROM MARKZ, 20 DEC

 MarkZ 

 [via PDK]   I did speak with a redemption center/redeeming bank contact who said they are expecting to work this weekend. This was surprising….

 He did not know if they are doing “year-end” stuff or something else. They were asked to bring laptops for some reason.

 Maybe some kind of training and they will be calling clients for wealth management or will it be redemption related? They do not know.

 Remember that redemption centers/redeeming banks are part of existing banks….and many people trained for our exchanges/redemptions work for those banks in Wealth management already.

 My contacts are trained by banks to exchange foreign currencies and they work in wealth management for the bank.

FRANK26….13-19-24…..SHOCK AND AWE

FRANK26

SNIPPET:

ITS HAPPENING!! ITS COMING!! 

ARE YOU READY??!!!

WHEN THE AUCTION STOPS, THE NEW RATE HAD TO BE ADDED!!

TO THE COLLAPSE OF IRAQ'S CURRENCY!!

THE NEW RATE CAN HAPPEN BEFORE THE 31ST 2024!!

CHECK MATE!!! NO OTHER MOVE!!

LISTEN TO THE FINAL HOUR OF FRANK26  YT 12/19/2024

Because of Iraq!.. Iran will accept “what it did not accept before” , 20 DEC

 Because of Iraq!.. Iran will accept “what it did not accept before” 

Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.

Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”

He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future." link

TIDBIT FROM WALKINGSTICK, 20 DEC

 Walkingstick

  They have no choice but to revalue their currency.  The CBI and Sudani is now obligated to us [the United States]...

They were told at this [Iraqi bank, money exchangers and contractor] meeting you will meet this obligation, or else.  Or else what? We'll find you...close you down...bust you...remove you. 

  We're that close to Sudani, if we don't like what you're doing you're out of here. 

 Why do you think everything has changed since they came back from the United States Treasury? 

 ...This was a meeting of demands...You're done using our dollars says Trump...

HERNAN: THE IQD HAS BEEN RV'D IN THE COUNTRY AT $3.49 @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "WOW... EXPLAIN THIS... ONLY A NEW EXCHANGE RATE CAN" , 20 DEC

 KTFA

FRANK26: "WOW... EXPLAIN THIS... ONLY A NEW EXCHANGE RATE CAN".......F26

 

Government Advisor: Iraq is out of the dangers of external debt and will pay the remainder until 2028

12/18/2024

 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq has emerged from the dangers of external debt, and that it (Iraq) is a well-fortified country.

 

Saleh said in a press statement that: “After getting rid of the heavy burden of its debts, Iraq has transformed from a country indebted to others to a country that can be a creditor to others,” noting that “the country is called the ‘young creditor’ because it possesses a degree of youth in the economic aspect, which has raised its credit rating, despite the problems of the region.”

He added that "Iraq has gotten rid of the burden of external debts for the first time, which had shackled it economically," noting that "what remains of its debts to international parties constitutes less than (9) billion dollars that will be paid between now and the year (2028)."

Saleh explained that "debts are paid off through allocations in the federal general budget," noting that "the ratio of debts to the gross domestic product does not constitute a burden on the state, as it amounts to (5) percent of the gross domestic product."

He considered "Iraq a well-fortified country, in terms of external debts (in other words, it is outside the risks of external debts), which gives the country high credit at the present time," noting that "internal debts are confined within the (government banking) system."

LINK