Majeed
The General Authority of Customs announced that the electronic
payment service will be temporarily suspended today, Monday.
The authority said in a statement, "The Central Bank of Iraq informed us that the electronic payment service will stop on Monday, January 13, 2025, at 12 midnight for two hours, for the purpose of making updates to their systems."
LFGGGGGOOR≈OK≈O
Parliamentary Finance: Bank reform enhances Iraq’s financial position globally
Jamal Koger, a member of the Parliamentary Finance Committee, confirmed on Monday that the restructuring of Rafidain and Al-Rashid banks is a decisive step to improve Iraq’s financial situation and strengthen its position in the global financial system.
“Restructuring banks is very important and has many positives, as these banks have not been reviewed for many years,” Kougar told {Euphrates News}. These measures will contribute to the stetling of the national economy and address some of the errors that may exist in the current financial system.”
He added: “The reform of banks will lead to their development in line with the conditions of the US Federal Reserve and the SWIFT system, in addition to many international requirements that will contribute to improving the performance of the Iraqi financial sector at the global level.”
It is noteworthy that Prime Minister Mohammed Shia Al-Sudani was briefed on the plan for the restructuring of Al-Rasheed and Rafidain Banks, and the technical and administrative procedures related to the project, which include a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies.
He explained that the completion rate of the project for the structuring of Rafidain Bank has reached its final stages, stressing its entry into force during the next few period, within the framework of a plan that has been studied and implemented according to the standards and parameters drawn.
From.. Ragheed
https://alforatnews.iq/news/المالية-النيابية-إصلاح-المصارف-يعزز-مكانة-العراق-المالية-عالميًا
MarkZ
[via PDK]
Article: ”Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday…it appears there will be serious progress on the HCL.
This is a case where the title of the article does not reflect the content...I am being told if the second reading goes well…they will immediately do the third reading…then Boom we will finally have the HCL.
Question: What is your gut feeling Mark?
MarkZ: My gut is screaming sometime between now and Jan 22. Just a guess…
Kurdistan Region President, State of Law Coalition Leader Discuss Regional-Federal Relations
Jan. 13, 2025
ERBIL (Kurdistan24) – Kurdistan Region President Nechirvan Barzani met with Nouri al-Maliki, head of the State of Law Coalition, on Monday afternoon, as part of his ongoing strategic consultations in Baghdad.
According to an official statement from the Kurdistan Region Presidency, the meeting focused on reinforcing national partnership frameworks and tackling outstanding federal-regional issues within Iraq’s constitutional parameters.
Both leaders highlighted constitutional adherence as the fundamental mechanism for protecting the rights of Iraq’s diverse demographic components.
Both sides also conducted a wide-ranging evaluation of regional developments, with particular focus on the Syrian situation and its implications for Middle Eastern stability.
Their discussions underlined the cascading effects of regional dynamics on Iraq’s security landscape, leading to mutual recognition of the need for coordinated approaches to maintaining national stability.
This meeting occurs amid intricate regional realignments and reflects continuous efforts to reinforce institutional frameworks between federal and regional authorities.
The meeting’s emphasis on constitutional adherence indicates a strategic approach to tackling long-standing federal-regional challenges within established legal parameters.
Kurdistan24.net
Pimpy
Article: "CBI Tower and Grand Faw Port Ranked Among World's To Mega Projects for 2025"
There are a couple of mega projects already taking place in Iraq somehow, someway with the currency exchange rate...
Congrats to Iraq and their CBI tower and the Grand Faw Port ranked among the top meg projects in 2025. I know the tower is almost completed and the Port of Faw is partially open already. This is moving right along and they did it with a current exchange rate..
ECONOMIST: THE CENTRAL BANK’S POLICY IS MOVING TOWARDS GLOBALIZING IRAQI BANKS Economic expert “Safwan Qusay” confirmed that the Central...