Saturday, March 15, 2025
FRANK26: "ALAQ ADDRESSES DEVELOPMENTS IN THE BANKING SECTOR", 15 MARCH
KTFA
FRANK26: "ALAQ ADDRESSES DEVELOPMENTS IN THE BANKING SECTOR"......F26
The Association of Private Banks organizes a dialogue session to discuss the latest developments in the banking sector in Iraq.
3/13/2025
- Baghdad
The Iraqi Private Banks Association organized a dialogue session to discuss the latest developments in the banking sector in Iraq, including deprived banks and fines imposed by the Central Bank. The session was attended by the Governor of the Central Bank of Iraq, Ali Al-Alaq, and representatives of banks and electronic payment companies.
At the beginning of the session, the Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, welcomed the Governor and the participants, stressing the importance of joint cooperation between the Central Bank, banks, and electronic payment companies to enhance financial stability and develop the banking system in accordance with the latest international standards.
Al-Handhal stated that the Special Committee for Assisting Deprived Banks, formed within the Ministerial Economic Council, called for the need to assist deprived banks and suspend fines imposed on them, as they are going through difficult circumstances, as everyone knows. He explained that deprived banks work daily to implement global financial requirements and are subject to daily fines, calling for these fines to be suspended and reviewed by the Central Bank of Iraq.
For his part, the Governor of the Central Bank, Ali Al-Alaq, addressed the Central Bank's measures related to banks barred from using the dollar, noting signs of optimism in discussions with the US side on this issue.
He stressed that the Central Bank supports the establishment of digital banks, with 75 banks having applied for them, contributing to accelerating the digital transformation of the banking sector in Iraq. He noted that the first phase will involve granting only one or two licenses for the purpose of experimentation and studying the problems and challenges facing these digital banks.
Al-Alaq indicated that banks are required to work to increase the rate of financial inclusion by providing modern banking services that target broader segments of society, emphasizing that the transition to a digital economy is a fundamental step towards enhancing financial stability and economic development.
MNT GOAT: Will we have to wait for this digital currency to RV? , 15 MARCH
Mnt Goat
“DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE”
Will we have to wait for this digital currency to RV?
All I can tell you is what my CBI contact has told me. She has said already that the Project to Delete the Zeros will occur and is planned to occur.
This is not digital currency! That will come later once reinstated. We all know that this project will not happen until the rate revalues in-country.
“When Irish Eyes Are Smiling“...
we all should be smiling today and every day. We don’t have to wait until March 17th St Patrick’s Day to put that twinkle back in our eyes.
If you are holding Iraqi dinar and you have enough, you are already a millionaire only you can’t go to the bank yet...
Folks the longer we wait the closer we get. Get it?...Yes, the glass is always half full and the pot of gold is still sitting at the end of the rainbow. It has not moved. It is still there waiting for us. Just be patient.
Friday, March 14, 2025
IRAQ NEWS : The US will not accept Iraqi armed groups outside state control, 15 MARCH
IRAQ NEWS
The US will not accept Iraqi armed groups outside state control, and Iraq must take steps to bring them under control, Lahur Sheikh Jangi, leader of the People’s Front party (Barai Gal), told Iraqi Dijlah TV.
He also revealed that the Americans have informed him that sanctions will target Iraqi banks and individuals.
Jangi also addressed potential changes in Iraq ahead of the country’s parliamentary elections this year.
DINAR EXCHANGE : 🗳️🇮🇶 Iraq 2025 Elections: A Turning Point? 🇮🇶🗳️, 15 MARCH
DINAR EXCHANGE
Iraq 2025 Elections: A Turning Point?
As Iraq heads to the polls, signs of revaluation are everywhere:
Muqtada al-Sadr calls for voter awareness to root out corruption.
Intense debates on electoral reforms and seat expansions—change is brewing!
IHEC ensures biometric integrity for transparent elections.
PM al-Sudani’s rising influence may reshape the Shiite political landscape.
Iran seeks to mediate and maintain stability amidst Iraq’s political shifts.
Former PM al-Kadhimi’s return—could he play a key role in Iraq’s future revival?
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