Thursday, June 5, 2025
The Central Bank directs banks not to suspend their work except by a decision from the Federal Government
The Central Bank directs banks not to suspend their work except by a decision from the Federal Government
The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments.
Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration and branches) are committed to the official holidays determined exclusively by the federal government
In order to ensure the smooth flow of banking and financial services provided to citizens, and due to the nature of the connection between the work of various financial institutions and the work of this bank.”
Under this decision, all banks and financial institutions must adhere to official working hours when there is a holiday granted by the local governments in Baghdad and other provinces. link
CLARE: Iraq is moving closer to WTO membership
Clare
Article: "Iraq is moving closer to WTO membership after completing comprehensive technical responses."
Quote: "Trade Minister Atheer Al Ghurairy revealed that Iraq has made significant progress on its path to joining the World Trade Organization,
affirming Baghdad's serious commitment and transparency in meeting the requirements of this important international process."
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Al-Anzi told Al Furat News Agency, "The government, in general, does not impose its control over prices, as they vary from one region to another without government intervention."
He added, "The recent decline in the dollar was not due to practical economic reasons or any action by the government or the Central Bank to lower the dollar price, but rather due to market exchange."LINK
WALKINGSTICK: IRAQI BANKING FRIEND UPDATE
Walkingstick
[Iraqi banking friend update]
AKI: If I knew the date I still wouldn't tell you.
But I can tell you this, that all of the meetings we are having everyday with the US Treasury, IMF and the USA people is telling us,
from our understanding of these meetings, that it is happening now.
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