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6ly410

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  1. CBE Governor talks about printing dinars and US sanctions on Iraqi banks economy Ultra Iraq 14-Mar-2024 MEETING BETWEEN THE RELATIONSHIP AND PARLIAMENTARY FINANCE (FACEBOOK) Central Bank Governor Ali al-Alaq revealed on Thursday, March 14, 2024, meetings with the US Treasury to reconsider sanctions on Iraqi banks, during his discussions with the parliamentary finance committee, including the printing of the local currency "dinar". According to a statement seen by Ultra Iraq, the Finance Committee hosted the Governor of the Central Bank Ali Al-Alaq, "to discuss a number of important files, most notably measures to address the large gap in the sale of the dollar between the official rate and the parallel market, as well as foreign trade transfers through the (platform)." The meeting reviewed "the file of US Treasury sanctions on local banks and the extent of their impact on monetary and financial policy and banking work in the country, and the measures taken by the Central Bank in this regard," as well as "discussing the approved international standards and future plans to improve the reality of the banking system and the possibility of expanding relations with international banks and drawing the structure of banks and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law." The statement quoted the governor of the central bank as stressing "the development of basic rules in order to monitor the process of external and internal remittances," claiming "the instability of the exchange rate due to the existence of illegal trade carried out by small traders and some speculators that are financed by withdrawing cash dollars from the market." Al-Alaq stressed that "the external sanctions imposed on a large number of our local banks, hindered efforts and plans to open relations and lines of communication with accredited international correspondent banks," pointing out that there are "continuous meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future until after discussing and informing the Central Bank of Iraq as it is concerned with monitoring their activity." In another context, Al-Alaq pointed out that "the process of printing the local currency is carried out according to the required financial cover and in a way that balances between foreign and local currency and prevents any inflation." Parliamentary Finance Chief Atwan al-Atwani pointed to "the aspiration for continuous co-ordination and co-operation with the Central Bank in order to increase the value of the Iraqi dinar and control the local market in order to ease the burden on citizens". Eight months ago, the same meeting was held between members of the Parliamentary Finance Committee and Ali Al-Alaq, regarding the banking sector, the rise in the exchange rates of the dinar against the dollar, and the reasons for the sanctions imposed on a number of Iraqi banks. At the time, al-Atwani spoke of "optimism in the process of reforming the economic reality, managing funds, and the path of controlling the exchange rate," stressing that "there is a problem related to the existence of sanctions imposed on some banks, which leads to challenges that must be faced and the need to find measures to control the labor market and the exchange rate."
  2. Headed by the Sudanese. Government meeting takes 3 financial decisions Time : 2024/03/14 22:15:49 Headed by the Sudanese. Government meeting takes 3 financial decisions - Al-Furat News (alforatnews.iq) {Economic: Euphrates News} Prime Minister Mohammed Shia Al-Sudani chaired, on Thursday, a meeting that included the Minister of Finance, the Governor of the Central Bank of Iraq, and a number of concerned advisers, in the presence of the Director General of the Iraqi Trade Bank. The meeting, according to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, discussed "a number of issues related to the government banking sector, related to government debts, and non-performing private sector loans, and took a number of decisions on them, the following: 1- The Ministry of Finance to start paying government debts to the Iraqi Trade Bank. 2- Preparing a plan to be presented to the Council of Ministers regarding the repayment of non-performing loans owed by the private sector to government banks, including the Iraqi Trade Bank. 3- Forming a joint committee to study the expired appropriations in order to return their amounts to the public treasury.
  3. Sudani, Taif Sami and Al-Alaq decide to repay debts to TBI economy Ultra Iraq 14-Mar-2024 PREVIOUS MEETING (FACEBOOK) On Thursday, March 14, 2024, Prime Minister Mohammed al-Sudani held a meeting with Finance Minister Taif Sami, Governor of the Central Bank of Iraq Ali Al-Alaq, a number of concerned advisors, and the Director General of the Trade Bank of Iraq, while deciding to repay government debts in favor of the TBI. The meeting discussed above a statement by the Sudanese office seen by "Ultra Iraq", "issues related to the government banking sector, related to government debts, and non-performing private sector loans." The meeting adopted the following decisions: The Ministry of Finance begins to pay the government debts to the Iraqi Trade Bank (TBI). Prepare a plan to be presented to the Council of Ministers regarding the repayment of non-performing loans owed by the private sector to government banks, including the Iraqi Trade Bank. Forming a joint committee to study the expired appropriations in order to return their amounts to the public treasury. At the end of this year, government sources quoted the government agency as saying that "shipments of millions of dollars had arrived through the Iraqi Trade Bank (TBI), as part of the bank's plan to supply dollars," in order to "meet customer demands." In the summer of last year, al-Sudani retired the director of the Iraqi Trade Bank, Salem Jawad Chalabi, and assigned Bilal al-Hamdani to run the bank. TBI was established in 2003 as an independent government bank to facilitate the import and export of goods and services to and from Iraq with a capital of more than one million US dollars, and then reached more than 400 banks in more than 100 cities.
  4. Al-Sudani meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions Al-Sudani meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions - Shafaq News 2024-03-14 13:20 Prime Minister Mohamed Shia Al-Sudani took three decisions on Thursday evening related to government debts and non-performing private sector loans. This came during a meeting held by Al-Sudani with Finance Minister Taif Sami, Central Bank of Iraq Governor Ali Al-Alaq, and a number of concerned advisors, in the presence of the Director General of the Iraqi Trade Bank, according to a statement received by Shafaq News. According to the statement, the meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans. Al-Sudani directed the Ministry of Finance to start paying government debts to the Iraqi Trade Bank, and to prepare a plan to be presented to the Council of Ministers on the payment of non-performing loans owed by the private sector to government banks, including the Iraqi Trade Bank, in addition to forming a joint committee to study the expired credits in order to return their amounts to the public treasury.
  5. Head of the Media Commission discusses with the World Bank the information technology strategy in Iraq Friday 08, March 2024 12:02 | EconomicalNumber of readings: 530 Head of the Media Commission discusses with the World Bank the information technology strategy in Iraq (ninanews-com.translate.goog) Baghdad / NINA / The head of the Media and Communications Commission, Ali Al-Muayyad, discussed, today, Friday, the information technology strategy in Iraq with the Central Bank. A statement by the authority stated, “The Chairman of the Media and Communications Authority, Ali Al-Muayyad, discussed with a high-ranking delegation of World Bank experts the communications and information technology strategy in Iraq and the support that the bank can provide in this field, as well as the efforts that Iraq is making to accelerate the pace of digital transformation and spread digitization in the joints.” Various government initiatives, which came on the sidelines of the 2024 World Bank Digital Summit in Washington. He pointed out that "the World Bank Digital Summit 2024, held in Washington, hosts senior officials and ministers in governments and the private sector, with the aim of exploring opportunities, accelerating the pace of digital transformation, and reviewing the reality of development in countries of the world, as well as revealing the latest technologies and scientific visions in the field of innovation, communication, and digital transformation." /End 8
  6. WTO - imminent. ASYCUDA - imminent. Budget implementation - Imminent- todays news - Earlier, Iraqi Prime Minister Muhammad Shia al-Sudani announced that a "comprehensive" agreement had been reached on the outstanding issues between Baghdad and the Kurdistan Region
  7. Al-Barti comments on Sudanese steps to end the problems between Baghdad and Erbil - urgent Posted 1 minute ago البارتي يعلق على خطوات السوداني لانهاء المشاكل بين بغداد وأربيل » وكالة بغداد اليوم الاخبارية (baghdadtoday-news.translate.goog) News source /Baghdad today Baghdad today - Erbil Today, Thursday (March 7, 2024), member of the Kurdistan Democratic Party, Mahdi Abdul Karim, praised the steps of Prime Minister Muhammad Shia al-Sudani to end the problems between the governments of Baghdad and Erbil, describing them as "good." Abdul Karim told Baghdad Today, "The steps of Prime Minister Muhammad Shia al-Sudani are good, and he wants to build a state of institutions, but there are parties trying to place obstacles in front of him to prevent him from progressing and achieving stability." He explained, "There is security stability to be noted, as well as good steps to address the differences between Baghdad and Erbil," pointing out that "there are those who are trying to obstruct these steps for fear of harming their own interests, but the Prime Minister, from a Kurdish point of view, is moving at steady and sober steps." . Earlier, Iraqi Prime Minister Muhammad Shia al-Sudani announced that a "comprehensive" agreement had been reached on the outstanding issues between Baghdad and the Kurdistan Region. Al-Sudani said during a press conference, "The understandings between Baghdad and Erbil were on clear points," noting that in the event of any disagreements between Baghdad and Erbil, there is a committee that submits its recommendations to the federal prime minister. He added that "for the first time, the total revenues of oil produced in the region are deposited in a bank account in which they are subject to federal administration," noting that "the understandings between Baghdad and Erbil "confirm the progress" of the two parties towards approving the oil and gas law." The outstanding files between Baghdad and Erbil are among the most prominent problems faced by successive Iraqi governments, and among the most important of those files that require dialogue and joint understandings are the salaries of employees of the Kurdistan region of Iraq, security coordination in the disputed areas, and agreement on the mechanism for exporting oil from the region's fields.
  8. ASYCUDA - ready to go - need a rate - WTO entry imminent - need a rate - budget implementation- need a rate
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