Sunday, February 16, 2025
Iraqi PM discusses Digital Cooperation with Veridos, 16 FEB
Iraqi PM discusses Digital Cooperation with Veridos
Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with Marc Siewert, CEO of Berlin-based Veridos, on the sidelines of the 61st Munich Security Conference (MSC).
Discussions focused on strengthening cooperation with Veridos, a global leader in secure passport and national ID card production, particularly through its manufacturing facility in Baghdad, which plays a key role in Iraq-Germany economic relations.
Al-Sudani welcomed Veridos' ongoing projects and was briefed on its latest programs, especially in digital transformation and modernizing government services.
Central Bank announces details of its meetings with the Treasury and the Federal Reserve, 16 FEB
Central Bank announces details of its meetings with the Treasury and the Federal Reserve
The Central Bank announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman). The meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector, the most important of which were:
The development of the US dollar cash distribution system in Iraq, which they considered the most controlled and monitored system in the world, which limits manipulation and smuggling of the US dollar.
The qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks arising from these operations, which have now risen to the levels of transfer operations carried out by international banks.
The consulting firms (EY and Oliver Wyman) reviewed the plans to reform and upgrade the public and private banking sectors in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network.
Since the operations carried out by banks operating in Iraq depend largely on the trust of international correspondent banks in the Iraqi banking sector, we emphasize the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others.
Central Bank of Iraq
Media Office
February 16, 2025 link
TIDBIT FROM FRANK26, 16 FEB
Frank26
Don't pay attention to the rumors. Where is the logic in the rumor...?
If it turns out that President Trump and Vance have asked Sudani to hand in his resignation as Prime Minister then I might just walk away. I'll just walk away.
The relationship between the two of them is the reason why we're going to the new exchange rate soon IMO.
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