coorslite21

WEF meets in Davos.....14th to 19th.....CL

Why wait for an RI/RV....if you feel so tortured by the comments here... you always have the option to leave. You don't need this site to inform you on a change in value of the IQD. Just my thoughts.....CL

Soooon!!!!

IPBL: Al-Sudani support for CBI measures enabled the economy recovery Economy +A -A INA - LIVE UPDATES - BAGHDAD The Iraqi Private Banks League - IPBL confirmed on Monday, that Prime Minister Muhammed S. Al-Sudani’s support for the procedures of the Central Bank of Iraq - CBI enabled the economy to advance. “The government implemented, since assuming responsibility, procedures that have developed a detailed road map to address the loss of methodology, the previous dispersion in financial policies, the chaos in managing the economy, and the imbalance that occurred as a result of the lack of coordination between the two financial policies," said the advisor to IPBL, Samir Al-Nusairi, to the Iraqi News Agency - INA. He added, "These steps resulted in the issuance of joint reform decisions to enable the economy to advance to good growth rates confirmed by international organizations, especially the reports of the World Bank and the International Monetary Fund. They acknowledged that the Iraqi economy in 2023 left fragility to a gradual recovery and achieved an inflation rate at an annual rate of 3.7%, which is lower compared to 7%, in January 2023." "This rate is the lowest compared to inflation rates in Arab and regional countries for the same period, this is one of the goals of monetary policy by reducing inflation and maintaining the general level of prices despite the fluctuation in the exchange rate, in addition to the expectation of achieving growth in output of non-oil GDP by 5%," he included. Al-Nusairi stressed, "The procedures also included organizing the financing of foreign trade and moving banks to build trust relations with global correspondent banks as well as obtaining their approval to open accounts for our banks with them and allowing commercial and banking dealings with them directly in addition to gradually leaving the electronic platform and introducing new foreign currencies into dealing for foreign trade purposes with China, UAE, Turkey and India, in addition to the US dollar, which will help stabilize the exchange rate in the trading market.” "The measures were also supported by the serious approach of the government and the Central Bank to move and transform from the cash economy to the digital economy and focus on developing electronic payment systems and securing the infrastructure for that, establishing a national company for payment systems, reconsidering the structure of banking financing, and preparing to launch the national lending strategy and establishing Riyada Bank to finance small and medium enterprises and to reconsider the structural, regulatory and supervisory structure of the bank’s specialized departments," explained Al-Nusairi. He added, "The important and basic priority that the Central Bank is working on includes preparing to launch the financial inclusion strategy, as the number of accounts opened in banks has grown by 14%, to reach more than 10 million accounts, while the number of credit cards issued has reached more than 18 million cards." 8-01-2024, 18:30 facebook twitter Whatsapp telegram print Edit Related news IPBL announces readiness to implement CBI instructions regarding exchange rates Economy 12:07 The Governmental Measures will tackle the rise of Dollar prices: IPBL Economy 01:10 In response to PM's decisions... IPBL announces the development of the E- payment Economy 01:10 Hot News Most read Al-Qassam Brigades: Bombing two tunnels of Zionist forces International 09:45 Arnold, Liverpool defender ruled out for a few weeks Sport 07:22 The Cabinet holds the 2nd regular session, including decisions politics 06:39 Iraq: War repercussions on Gaza is a negative impact on the entire region's stability politics 04:51 Al-Sudani Meets Families of Interior Ministry Martyrs politics 02:13 The Iraqi News Agency (INA) is the first news agency in Iraq, and the second to be launched in the region after the Egyptian Middle East News Agency. The agency was established during the era of former President Abdel Karim Qassem in March of 1959 as an official news agency. All news politics Security Economy Local Sport International Investigations and reports Photo reports Articles Culture and art Multimedia Live broadcast العربية كوردي تركماني Important links: Iraqi Media Network website Al-Sabah newspaper Iraqi Network Journal Media Training Institute IMN Board of Trustees Get it fromGoogle Play Download fromApp Store Get it for phonesHuawei Follow us onNabd App All rights reserved © 2024.

Tell that to Putin & Russia....while you're at in check out Russian debt.....miniscal....CL

There is a span of time each week where all world banking is closed....On the weekend when the far east opens up is the best window in my mind....east to west as things open....and "suddenly"! CL

Sound reasoning.....and then again....It's Iraq!😉 CL

Somehow I doubt many Iraqis, or others in Arab nations, think of their major financial institutions in a feminine manner... CL

Was viewing the page at the same time I was....just saying a simple hello! CL

Perhaps the "great satan" US suggesting to average Joe Iraqi that they need to be banked, will have the opposite affect desired? CL

Good morning MLD! CL

Cross border electronic trading for Iraq has been active for many years. Did any of you wire funds to Warka Bank? CL

What was spent for 2023?

Seems those who think they're in the know all believe it is still on and close... CL

So many hints in so many places on the changes ahead......follow the bread crumbs......"suddenly"....and epic.....IMHO. CL

The US Debt Clock SECRET WINDOW – (Part 1 and 2 of the Analysis, Oct 28, 2023) - American Media Group https://amg-news.com/the-us-debt-clock-secret-window-part-1-and-2-of-the-analysis-oct-28-2023/

A few days ago that drop down had information on new money/old money.... Hadn't seen that one before either.... Anyone familiar with which constellations are shown or the names of the stars? CL

No worries...Wishing you a Happy New Year! CL

There's that PetroYuan/BRICS Iraqi connection again.....CL

1957.....the year on the bill... The change to FIAT occurred in 1971. CL

Iraq has the intent to quit the dollar. This intent isn't a light switch. Iraq will always play both sides of anything if it is to their advantage. Just my thoughts.....CL Foreign Remittances By Chella Smith The Central Bank has identified four categories that are eligible to receive foreign remittances in cash in dollars. The Central Bank of Iraq has identified four categories that can receive foreign transfers in cash in US dollars in 2024: diplomatic missions, organizations and government contracts, and 40% of remittances to Iraqi exporters. These entities are covered by the monetary policy objectives and banks can hand over the amounts of remittances received from abroad in cash. Banks will continue to open accounts in foreign currencies in exchange for interest/returns, and customers have the right to withdraw deposits and interest/returns deposited in cash. Banks are not allowed to automatically transfer funds from outside Iraq in US dollars to the dinar currency without customer consent. In force government contracts in USD, ongoing contracts on grants, loans and external agreements. 40% of the incoming transfers to Iraqi exporters resulting from their exports abroad. Foreign remittances in cash in US dollar currency, as of January 2, 2024

There is a big push now to get the US military out of Iraq immediately. Article: “Iraq’s PM says government working to end presence of US led coalition forces in the country” Donald Trump once said that that when they reduced the numbers they would not completely leave the country until we have been paid for the war effort. So what does that tell us? The US forces in Iraq are being attacked regularly and have struck back with innocent Iraqis being hurt or killed. Iraq will go the BRICS way and the US will pull out much the same way they did in Afganistan. Iran is still tied to the hip with Iran, and clowns like Sadr and Maliki are still in the picture. Obama pulled out of Iraq and ISIS followed... In the event of an RI or RV...consider doing things quickly....I just don't believe Iraq is stable, internationally, regionally, or even within in their 3 state country....JMO. CL

Great many reasons to believe the first of the year is a logical/common sense time for a revaluation.....but when has Iraq ever been logical or illustrated common sense? I am hopeful, yet cautious in any expectations....just my thoughts ....CL

More interested in seeing what they do than what they say... .trust, but verify...pretty smart guy used that quote years ago...CL

Have a Merry Christmas Ron! CL