Friday, April 18, 2025
Iraqi government banks suspend loans and advances
Iraqi government banks suspend loans and advances
An informed source stated on Thursday that some government banks, including Rafidain Bank, have suspended granting loans and financial advances to citizens.
The source told Shafaq News Agency, "Some government banks, particularly Rafidain Bank, have stopped granting loans and advances so far, despite the passage of five months of the current fiscal year. Others have issued loans and advances, but on a very limited basis."
He added, "The main reason behind banks' failure to perform their credit role, including granting loans and advances, is the lack of financial allocations."
The source also pointed out that "many citizens have called on Parliament, the Finance Committee, and the government to intervene to release loans, advances, construction loans, and home purchase loans. "
Both Rafidain and Rashid Banks provided loans and advances to employees and citizens for various purposes, such as construction, land purchases, car purchases, and other purposes, at a specific interest rate and for a predetermined period. link
REINALDO JC: IRAQ UPDATE, 18 APRIL
REINALDO JC
IRAQ
Patti Cake-Kabuki Theater
Continues..
They’ve been stating the same shit since Jan/Feb regarding exporting Kurdistan Oil. They are stalling/excuses & cannot resume that process yet.
WHY?
Because EVERYONE in Iraq & Investors around the world is WAITING on Trump {The Executor} to authorize through the U.S Treasury give the Central Bank of Iraq (CBI) the green light to finally release the NEW DINAR RATE!!! (& HCL approved!!!)
Thursday, April 17, 2025
Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability, 18 APRIL
Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability
Buratha News Agency1052025-04-16 Prime Minister Mohammed Shia al-Sudani stressed on Wednesday (April 16, 2025) that Iraq needs bold and comprehensive reforms, emphasizing the need for the outcomes of reform to be directed towards the poor and marginalized groups.
In his speech during the ninth Sulaymaniyah Forum, held at the American University of Sulaymaniyah, al-Sudani stated that “Iraq is ready to be a reliable partner and an effective contributor to strengthening regional stability,” noting that “the true value of any reform lies in reaching marginalized groups and saving them from poverty.”
He added that "the government has embarked on implementing the highest production plan to build new power plants, in addition to entering into solar and renewable energy projects for the first time," warning against the use of political rhetoric to defame and distort facts related to government performance.
The forum was widely attended by local and international political,
economic, and academic figures, including former President Barham Salih, who emphasized in his opening remarks that "the current situation regarding negotiations between the United States and Iran presents the region with a historic opportunity to achieve stability and a dignified life for its people."
He explained that our region has long suffered from wars and violence, and that the time has come to move to a new reality through dialogue and understanding to build a better future.
The Sulaymaniyah Forum, held this year in its ninth edition at the American University of Iraq, Sulaymaniyah, is one of the most prominent intellectual and political events, bringing together decision-makers and researchers from inside and outside Iraq to discuss pivotal issues related to politics, economics, and regional and international security. https://burathanews.com/arabic/news/458900
FRANCIS: " Iraq-KRG unity is a prerequisite for rate reform U.S. involvement = global alignment check" , 18 APRIL
Francis
What they're not saying directly, but signaling: Iraq-KRG unity is a prerequisite for rate reform U.S. involvement = global alignment check
Peace in Türkiye & Syria = currency stability buffer All arrows point to RV readiness phase
Diplomacy = cover for economic realignment.
------
IQD RV: IRAQ PRESIDENT MEETS WITH US DEPUTY ASSISTANT SECRETARY
Shafaq News/ Kurdistan Region President Nechirvan Barzani met, on Wednesday, with US Deputy Assistant Secretary of State Victoria Taylor in al-Sulaymaniyah to review ties between the United States, Iraq, and the Kurdistan Region.
According to a statement from the Region Presidency, both sides emphasized the need to "sustain dialogue" between Erbil and Baghdad to resolve outstanding issues.
The talks also covered regional developments and their potential impact on Iraq and Kurdistan, with a shared focus on "preserving security and stability."
The meeting followed Taylor's Tuesdaydiscussions with Kurdistan Democratic Party (KDP) leader Masoud Barzani, which explored the peace process in Turkiye and the situation of Kurdish factions in Syria.