Thursday, February 6, 2025
Iraq Launches Comprehensive Banking Reform Initiative, 7 FEB
Iraq Launches Comprehensive Banking Reform Initiative
The Iraqi government, in collaboration with the Central Bank of Iraq (CBI), has launched a strategic initiative to modernise the country’s banking sector.
The reforms aim to enhance banking standards, strengthen financial resilience, and improve Iraq’s integration with global financial systems.
Key pillars of the initiative include:
- Governance and Ownership: Strengthening transparency through diversified ownership structures and independent board oversight.
- Service Standards: Expanding access to financial services and modernising banking infrastructure.
- International Compliance: Aligning with global standards in anti-money laundering, counter-terrorism financing, and financial transparency.
- Financial Resilience: Implementing robust capital and liquidity requirements to protect customer deposits and ensure economic stability.
The initiative is part of a broader strategy developed by the CBI in partnership with global consulting firm Oliver Wyman.
Reforms in state-owned banks will complement this strategy, marking a major transformation in Iraq’s financial sector. Further implementation details will be announced in due course.
(Source: Media Office of the Prime Minister)
https://www.iraq-businessnews.com/?p=229963
TIDBIT FROM FRANK26, 7 FEB
Frank26
Even if the budget comes out at the old rate, don't panic.
Sudani knows what he's doing. The longer he can hide this form parliament the better...All the information about the new exchange rate has not been released yet, but within...13 days this budget will expose itself.
It has no choice...This budget has no choice but to show its true colors in order for it to come to life...A new exchange rate cannot wait much longer.
Kurdistan is ecstatic. Kurdistan is happy. They passed the amendments, the parts...of the budget...
You now have oil flowing from Kurdistan to Baghdad and the price they accepted tells me there's a new exchange rate. How can all that be at 1310? Eventually the budget will reveal the new exchange rate.
The Ministry Of Planning Discusses With The World Bank The Preparation Of A Roadmap For Building Human Capital In Iraq, 6 feb
The Ministry Of Planning Discusses With The World Bank The Preparation Of A Roadmap For Building Human Capital In Iraq
Wednesday 05 February 2025 | Economic Number of readings: 150 Baghdad / NINA / The Ministry of Planning held a joint meeting with the World Bank on Wednesday, during which they discussed joint cooperation in the field of preparing a roadmap for building human capital in Iraq.
A statement by the ministry stated that "Undersecretary of the Ministry Maher Hammad Johan headed the Iraqi side, while the World Bank team was headed by the Regional Director for Human Development in the Middle East and North Africa, Fadia Saada.
Johan explained: "The importance of the human capital building project comes from its contribution to achieving development goals," stressing Iraq's endeavor to harness efforts towards improving investment in human capital, keeping pace with global trends,
and responding to local needs for human development,
in addition to identifying investment priorities and directing them towards making fundamental changes at the level of policies, plans, programs and all government interventions, and in effective partnerships with the international community, the local community and the private sector," calling for more cooperation with the World Bank in this field.
For her part, the Regional Director for Human Development in the Middle East and North Africa, Fadia Saadeh, said: “Investing in human capital is essential for the future of the country, and Iraq has the ability to harness its young population as an engine of economic growth,” indicating: “Bridging the service delivery gaps is in education and health care, expanding access to social protection, and creating job opportunities, especially for women and youth.”
She added: “If reforms are implemented effectively, Iraq can transform its current challenges into opportunities, and ensure a more equitable and prosperous future for all its citizens.”
The meeting witnessed the presentation of three presentations, the first of which was on the priorities and programs of the National Development Plan (2024-2028), presented by the Director General of the Department of Economic and Financial Policies, Sabah Jundi Mansour, the second presentation was on the recommendations of the first national conference on human capital in Iraq, and the next steps, presented by the Director General of Human Development, Dr. Maha Abdul Karim Al-Rawi, and the last presentation was from the World Bank team on the future outlook for human capital projects in Iraq. /End8 https://ninanews.com/Website/News/Details?key=1183964
ARIEL : The Final Act: Closing Out A Chapter , 6 FEB
ARIEL
The Final Act: Closing Out A Chapter
You know I find it quite peculiar as to why Donald Trump said if Iran were to a••a••inate him he left instructions on how to remove them off the map. I wonder why he would put this out there in the ethers?
Does he anticipate that such an act will be carried out if the revaluation of the Iraqi Dinar happens which by default will strip Iran & Israel of their power over Baghdad?
Because many are clueless as to how Israel benefitted from the Iraq war. The removal of Saddam Hussein from power eliminated a significant threat to Israel.
Saddam had been a vocal adversary of Israel, launching Scud missiles against the country during the Gulf War and consistently supporting anti-Israeli rhetoric and actions.
By deposing Saddam, the U.S.-led coalition effectively neutralized a hostile regime that had long been a thorn in Israel's side. Furthermore, the post-invasion period allowed Israel to capitalize on regional realignments, promoting its economic interests in Iraq and strengthening its geopolitical position in the Middle East.
So this currency revaluation is much more critical than people realize. I told you all before this will be equivalent to stepping into an entire different version of earth. So prepare to have your mind blown over the course of this year for many things.
🚨 POST-EXCHANGE WEALTH MANAGEMENT BLUEPRINT (IQD Scenario Planning Guide)
🚨 POST-EXCHANGE WEALTH MANAGEMENT BLUEPRINT (IQD Scenario Planning Guide) 💡 Key Financial Strategies (Beyond Basic Exchange Planning) 1....
-
🌍 Global Currency Reset: What’s Happening Now The so-called “RV Redemption” is reportedly entering a new phase, according to various sour...
-
A groundbreaking and irreversible shift is occurring in the global financial system as it rapidly transitions to a gold-backed structure. T...
-
Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!🔊 Highlights Summary Here are reports on the officially confirmed...