There isn't a reason for mentioning the minting [metal coins] if there's not going to be an exchange rate change in the very near future...
The country has not used metal coins for about 20 plus years. They took metal coins out of circulation back in 2003/2004
...If they're not going to be minting new coins or possibly have done so, there would be no need to have a focus or even a mention of it at this point in time today.
Metal and coins would not be needed...If they're not going to change the value of the currency they probably didn't have a need to focus in on it...
Monetary Policy Collapses In Iraq.. Investment In Banks Is Almost Non-Existent And The Central Bank Is Going Against The Tide - Urgent
Economy |Today, Baghdad Today – Baghdad Financial and economic expert Mustafa Akram Hantoush commented, today, Tuesday (December 31, 2024), on the performance of the Central Bank of Iraq for the current year.
Hantoush said in an interview with Baghdad Today, " The reality of monetary policies in Iraq is heading in the opposite direction to the process of building monetary policies, and there have been problems for years that have led to a clear collapse in Iraqi monetary policies."
He added, "The banking system has been subject to near-annihilation for years. 32 banks are subject to sanctions, and the rest are banned from the dollar only, in specific currencies, and the mechanism is still unclear."
He pointed out that "there are more than 70 Iraqi banks that do not lend, because the Central Bank has not set a clear lending policy in terms of loans, categories and guarantees."
He added that "the policy of attracting deposits of more than 80 to 85% of the currency issued by the Central Bank, and it does not appear in the monthly transactions in the monthly banking system, so this currency is supposed to be offered as marketing deposits, so the banking system does not enter into this process," indicating that "the Iraqi bank's investment policy is almost non-existent in its investments."
Hantoush explained that the investment banking operations policy is not defined in any direction, and the remittance policy also has a problem with the cancellation of the platform, " therefore I see a clear collapse in Iraqi monetary policies."
Hantoush called on the Central Bank to reform its monetary policy, set new standards to develop the Islamic banking system and go beyond standards that keep pace with the requirements of the current and future economic stage.LINK
“Prime Minister Mohammed Shia Al-Sudani chairs the expanded meeting to review the projects of the Ministry of Oil, in the presence of the Ministers of Oil and Industry, the Undersecretaries and Directors General of the Ministry of Oil, and the Undersecretary of the Ministry of Planning.
His Excellency stressed the importance of reviewing and investing the best opportunities to maximize the state's revenues,
in implementation of the government's approach to financial and economic reform,
noting that the government has paid attention to implementing strategic projects, especially in the energy sector, in order to support the development process in various fields and sectors.
Quote
المكتب الإعلامي لرئيس الوزراء
@IraqiPMO
·
رئيس مجلس الوزراء السيد محمد شياع السوداني يترأس الاجتماع الموسع لمراجعة مشاريع وزارة النفط، بحضور السادة؛ وزيري النفط والصناعة، والوكلاء والمديرين العامين في وزارة النفط، ووكيل وزارة التخطيط.
وأكد سيادته أهمية المراجعة واستثمار أفضل الفرص لتعظيم إيرادات الدولة، تطبيقاً لمنهج
Nine governorates announced today, Tuesday, that official work will be suspended until next Thursday, on the occasion of the New Year or the anniversary of the killing of Abu Mahdi al-Muhandis and Qassem Soleimani.
We suggested to you the CBI was going to be showing the Iraqi citizens the lower notes...
They are showing the citizens of Iraq a 1 lower note from the 1940's.
Why would you do that?
Because they want to show the example of what was, gapped by decades of 3 zero notes that are worthless, will now become again. What once was, currency with value in their country, that was gap between decades of stealing by parliament, is now going to be again.
