Wolverine
The Bank of America system crashed today, leaving panicked customers 0 balances.
“I have talked to Paymasters and Reno.
It’s all coming before Christmas.
Platforms have to be closed by Friday, so it should be released between now and Saturday Morning.
All platforms need to be close off at the latest by Saturday so they can start releasing those funds.
What are the objectives of expanding external transfer channels by the Central Bank of Iraq?
Baghdad Today – Baghdad
The specialist in economic affairs, Alaa Al-Fahd, revealed on Thursday (December 19, 2024), the Central Bank of Iraq’s goal of expanding external transfer channels for local banks.
Al-Fahd said, in an interview with Baghdad Today, that “within the central bank’s policy and its continuous attempts to control foreign remittances to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies that are used in import, especially with countries where we have import transactions, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the UAE, with China and today with Jordan and Saudi Arabia.”
He pointed out 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 basket of currencies, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market.”
He added that “this step will also allow many banks to deal with many countries according to the currencies of those countries and this strengthens a major role in developing the work of banks in terms of expertise, and its main goal is to control the dollar exchange rate and work to reduce it.”
TNT
Yes, we are going to get paid. Some are being paid right now.
The RV is still going.
Banks are awaiting a memo from the Feds.
that the Feds will send out this afternoon.
It will go between now and Friday 19 Dec. The new rates are still there and live.
VIPs are still exchanging.
The Iraqi Central Bank decides to add the Saudi riyal and the Jordanian dinar
Economy News – Baghdad
The Central Bank of Iraq announced the expansion of external transfer channels for local banks, to include new currencies: the Jordanian dinar and the Saudi riyal, and allowing Iraqi banks to finance trade with Turkey in euros after it was limited to its use with the European Union countries.
The Central Bank’s Media Office said in a statement received by “Economy News” that “this step comes within its efforts to expand the options of financing foreign trade in various currencies and channels, and the bank has initiated taking the necessary measures to meet the requests of banks in these currencies.”
The Central Bank pointed out that “this expansion in external transfer channels provides transfers at the official rate, and aims to streamline the transfer and engage more banks in external transfers, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank’s quest to find other channels to meet the size of demand for various foreign currencies according to Iraq’s dealings with those countries.
It should be noted that a smooth transition took place during 2024 from the electronic platform to the approved correspondent banks directly, thus achieving a fundamental transformation in line with international banking practices, and this transition is widely praised.
MILITIAMAN CC HIGHLIGHTS NOTES
The Central Bank of Iraq is implementing reforms and expanding foreign currency transfer channels to enhance the economy and strengthen the Iraqi dinar.
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