Thursday, January 2, 2025
CBI: We have achieved a great achievement in abroad remittance, 2 JAN
CBI: We have achieved a great achievement in abroad remittance
The Central Bank of Iraq announced today, Wednesday, a major achievement in abroad remittance, indicating that it will continue to follow modern methods in managing monetary policy in Iraq.
A statement by CBI, obtained by the Iraqi News Agency (INA), stated that “the bank succeeded in adhering to its program related to the transition from abroad transfers through the electronic platform to the work of Iraqi banks through their foreign correspondent banks,” noting that “this transition took place through stages that went through the abroad transfer process, starting with the window of buying and selling foreign currency and moving to the stage of the electronic platform for foreign transfers, and ending with the operations of gradually strengthening balances during 2024 and fully realized in the last week of this year”.
CBI continued, “This achievement is a radical transformation compatible with the best international standards and practices to achieve a stable and secure financial system, and this work has received international support and praise throughout the stages of its application,” and the Central Bank of Iraq will continue to strengthen the balances of Iraqi banks with their correspondent banks in US dollars along with a group of other currencies, such as (Indian rupee, Chinese yuan, euro, UAE dirham, Saudi riyal, and Jordanian dinar).”
It pointed out that “the efforts in this important achievement came through a series of procedures and detailed technical agreements, and great support from the Iraqi government, and that the bank will continue to follow modern methods in managing monetary policy in Iraq, in line with its key role in achieving financial stability, and its position among central banks in the region and the world, which will reflect positively on the confidence and support of the external financial sector of Iraq and international financial and economic organizations.
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The statement concluded that “the Central Bank of Iraq shows full readiness to support all Iraqi banks that are working to develop and enhance their performance in the field of governance and compliance, and to combat money laundering in a way that reflects positively on the confidence of international and regional banks in them to contribute to strengthening the Iraqi banking system and the Iraqi economy in general.”
https://ina.iq/eng/37417-cbi-we-have-achieved-a-great-achievement-in-abroad-remittance.html
ARIEL: SHOWTIME AT THE BANK EXCHANGE, 2 DEC
ȺɾìҽӀ
@Prolotario1
Showtime At The Bank Exchange
Curtains rise on long-held dreams the vault doors creak open, and the audience of patient holders takes center stage.
The spotlight gleams on crisp notes, and whispers of revaluation ripple like a well-rehearsed overture. The long wait wasn’t for nothing it was for the grand reveal, the final act in a performance years in the making.
Today, fortunes dance beneath chandeliers, and those who held the line now toast to a future rewritten. The exchange isn’t just a transaction it’s the encore we've been waiting for. Are you ready to take center stage?
Have you read the script? Have you rehearsed your lines? Because you are about to put on a live performance of a lifetime.
Let's give the people what they want and put on a show no one will ever forget. Step into your role, because "The Final Act" is what will change the course of history for us all. Goodluck out there everyone.
Iraqi Central Bank opens new horizons with foreign transfers and strengthens international financial confidence, 2 JAN
Mawazine News – Economy
The Central Bank of Iraq announced on Wednesday a qualitative leap in the field of external remittances, stressing its commitment to modern methods of managing monetary policy in Iraq.
A statement issued by the bank, received by “Mawazin News”, explained that “the transition from external transfers through the electronic platform to the work of Iraqi banks with their foreign correspondent banks took place with full success during the last week of 2024, after gradual stages that included the use of the window of buying and selling foreign currency and the electronic platform.”
The statement pointed out that “this achievement represents a radical transformation in line with international best practices and standards, and enhances the financial stability in the country,” praising the international support that the project received throughout the stages of its implementation.
The bank added that “the new methodology separates the responsibilities of the Central Bank and the role of commercial banks, which enhances the efficiency and safety of external transfers, indicating that he will continue to strengthen the balances of Iraqi banks with their correspondent banks in US dollars along with other currencies such as the Indian rupee, the Chinese yuan, the euro, the UAE dirham, the Saudi riyal, and the Jordanian dinar.”
The statement stressed that this step will contribute to opening a new stage of regional and international financial relations, which strengthens the Iraqi government’s orientations towards expanding economic relations and increasing investment opportunities.
He pointed out that the achievement was achieved thanks to a series of technical procedures and ongoing agreements, with the great support of the Iraqi government, expressing his thanks to the cadres of the Central Bank, the Iraqi banking sector and international partners.
The bank concluded the statement, expressing its readiness to support Iraqi banks in developing their performance in the fields of governance, compliance, and combating money laundering, with the aim of enhancing international confidence in the Iraqi banking system and supporting the national economy.
MAJEED : GET READY!!!, 2 DEC
MAJEED
get ready
“The mechanism of work on the electronic platform related to external transfers has stopped working, but the financing of foreign trade 
continues through correspondent banks according to different mechanisms equivalent to what is is done in the countries of the world”
Tomorrow they are handling international transactions
Tomorrow Jan 2 they are going to Forex
LFGGGG
continues through correspondent banks according to different mechanisms equivalent to what is is done in the countries of the world”
Tomorrow they are handling international transactions
Tomorrow Jan 2 they are going to Forex
LFGGGG
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