Sunday, April 21, 2024
The Governor Of The Iraqi Central Bank Reveals The Amount Of The Bank’s Reserves Of Dollars And Gold, 21 APRIL
The Governor Of The Iraqi Central Bank Reveals The Amount Of The Bank’s Reserves Of Dollars And Gold
Economy Central Bank of Iraq 2024-04-20 Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the amount of the bank’s reserves of US dollars and gold.
Al-Alaq told the CNBC Arabic website that the Central Bank has a foreign reserve of more than 100 billion dollars, indicating that
the bank’s gold reserves amount to more than 130 tons, most of which are located in England.
Speaking about Iraqi foreign trade, Al-Alaq pointed out that the volume of trade with the UAE amounts to 17 billion dollars and is paid in UAE dirhams, pointing out that the
First Abu Dhabi Bank is the one responsible for the trade transfers in UAE dirhams.
https://shafaq.com/ar/اقتصـاد/محافظ-المركزي-العراقي-يكشف-كمية-احتياطات-البنك-من-الدولار-والذهب
"THE ANATOMY OF THE MONETARY REFORM TO THE IRAQI CITIZENS!!!" BY FRANK26, 21 APRIL
KTFA
FRANK26: "THE ANATOMY OF THE MONETARY REFORM TO THE IRAQI CITIZENS!!!"........F26
Parliamentary question to the Minister of Finance and the Governor of the Central Bank (document)
4/20/2024
TRANSLATION:
The Ministry Of Finance Specifies Steps That Must Be Taken Before Canceling The Currency Selling Window In Iraq, 21 APRIL
The Ministry Of Finance Specifies Steps That Must Be Taken Before Canceling The Currency Selling Window In Iraq
Economy Parliamentary Finance Dollar selling window
2024-04-20 04:54 Shafaq News/ The Parliamentary Finance Committee confirmed, on Saturday, that the
Central Bank of Iraq had taken a decision to cancel the currency sale window, indicating the necessity of taking steps prior to implementing this decision.
Member of the Parliamentary Finance Committee, Hussein Moanis, told Shafaq News Agency,
“There is a decision issued by the Central Bank to cancel the window for buying and selling foreign currency in the year 2024, but it did not specify the exact time to start the decision.” He explained that
"canceling the currency selling window is linked to the
reliance of private banks on correspondence with international banks and the
method of currency conversion."
This comes after the Central Bank of Iraq gave up its status as a “correspondent” and granted it to several foreign banks, a step with unclear definitions and results, and some observers have warned against it.
In November 2023, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the start of importing dollars into the country through Iraqi bank accounts abroad.
Munis asserts that "this step must be preceded by an increase in the classification of Iraqi banks, and
this is what qualifies them to deal with international banks,
but the real problem that we face is that Iraqi banks
do not have a correspondent and
are not accredited outside the country."
The member of Parliamentary Finance pointed out that “the government and the Central Bank are seeking to strengthen and increase the classification of private banks,” indicating “an intention by the banks to engage in correspondence and external transfers.”
https://shafaq.com/ar/اقتصـاد/المالية-تحدد-خطوات-يتعين-اتخاذها-قبل-الغا-نافذة-بيع-العملة-في-العراق
"ABOUT DIGITAL ECONOMY" BY GOLDILOCKS, 21 APRIL
GOLDILOCKS
"Project FuSSE (Fully Scalable Settlement Engine, pronounced as fyooz) is a BIS Innovation Hub project that aims to modernize financial market infrastructures for the demands of the digital age. In the face of a rapidly digitizing economy, the traditional systems face myriad challenges. FuSSE offers an open-source solution designed to meet these evolving demands head-on.
Project FuSSE marks the first collaboration between the BIS and the Inter-American Development Bank (IDB), following an agreement signed by the two institutions in September 2023.
The presentation of FuSSE's progress and the official start of technical cooperation between both entities took place in Washington, D.C., in an event attended by the BIS general manager, Agustín Carstens, the president of the IDB, Ilan Goldfajn, and the governors of central banks from Chile, Colombia, and Uruguay."
https://www.bis.org/about/bisih/topics/fmis/fusse.htm