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Here's some good news articles of Dinarian interests... Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Iraq’s Banking System Grows 15.1% In 2023 To $156.7 Billion. ARTICLE: By the end of 2023, the total assets of the Iraqi banking system had grown by 15.1% annually to $156.7 billion. This was mostly driven, according to Rabee Securities, by the 15.3% increase in deposits to $101.9 billion. [WAIT! WHAT? $101,900,000,000 x 1320 IQD/$ = 134,508,000,000,000 IQD ~ 134.5T IQD is $101.9 billion meant to be 101.9 billion IQD? percentage increases are important data, imho]. The largest contributor to overall deposit growth was current deposits, which increased 17.2% to $82.1 billion & accounted for 80.5% of all deposits in the banking system. Additionally, the total deposits of the private sector climbed by 14.7% in 2023 to reach $43.2 billion, while the deposits of Iraq’s Central Government increased by 22.7% to $36.1 billion & the deposits of public institutions increased by 6.1% to $22.6 billion. “As a measure to control the FX flow into the banking system, the CBI now allows a limited number of banks to participate in the CBI foreign currency window & engage in USD transactions,” said Aysegul Ozge Ozgur, Head of Research at Rabee Securities. “National Bank of Iraq, Bank of Baghdad & Al-Mansour Bank are among these banks that have been permitted to engage in such activities, thus, they are benefiting from an expanded market share in USD transactions,” added Ozgur. There are 61 commercial banking institutions in Iraq, according to Rabee Securities, made up of 54 private banks (25 non-Islamic and 29 Islamic) & 7 state banks (one Islamic & six non-Islamic). In terms of Return on Average Equity (ROAE) & Return on Average Assets (ROAA), the National Bank of Iraq, Bank of Baghdad & Al-Mansour Bank are among the most profitable ISX-listed banks. FROM OTHER SOURCES: The CBI Announces An Increase In The Volume Of Loans & Advances During 2023. ARTICLE: The Central Bank of Iraq announced an increase in the volume of loans & advances granted by banks operating in Iraq. The CBI confirmed that the volume of loans & advances granted by banks operating in Iraq amounted to (60.8) trillion Dinars, at a rate of (17%) in 2023, after it was (51.9) trillion Dinars, at a rate of (12%).) in 2022, while the loans & advances granted in 2021 amounted to (46.1) trillion Dinars, at a rate of (7%). The CBI noted the importance of loans & advances, which are important factors in stimulating the local economy. FROM OTHER SOURCES: Controls For Licensing Digital Banks In Iraq. ARTICLE: All approved banks. M/ Controls for licensing digital banks in Al-Ara. Based on the decision of the Board of Directors of this bank No. (57) of 1951 & in view of the need for diversification in Providing banking services in light of technological progress that contributes to enhancing financial inclusion through. To facilitate customers’ access to banking services, we have attached a link (controls for licensing digital banks in Iraq). with respect. FROM OTHER SOURCES: Parliamentary Finance: The Current Year’s Budget Amounted To 228 Trillion Dinars. ARTICLE: The Parliamentary Finance Committee revealed that the current year’s budget deficit exceeded 20 trillion over the previous year’s budget, indicating that it was a planned deficit & not a real one, at a time when it hosted the new governors to learn about their most prominent demands & the problems they suffer from & to discuss other technical matters. Committee member, Jamal Cougar, said in an interview with “Al-Sabah”: The 2024 budget amounts to 228 trillion Dinars, with a planned deficit amounting to 84 trillion Dinars, noting that salaries, according to the Minister of Planning, will reach 102 trillion Dinars, which is a very large amount. He pointed out that the deficit is planned because every year large amounts are added to the operating budget that may not be implemented & any reduction in the implementation rate of the budget will be a reduction in the deficit rate, indicating that the previous budget had a deficit of 64 trillion, meaning an increase of about 20 trillion. Koger added that the new governors were hosted in order to know the extent of the implementation of projects in their governorates. in addition to learning about the most important problems & obstacles they face & talking about the projects, what has been implemented & what has not been implemented, in addition to other matters, including food security. He pointed out that the Minister of Planning was hosted and revealed the details of the projects & their implementation & why some projects had not been referred yet, stressing that the governors’ requests were mostly service related to the completed projects & they called on the government, through the committee, to disburse the amounts for the completed projects.

Here's some articles of Dinarian interests... Will BRICS rescue Iraqi banks? CBI will not allow UST to destroy it's banking system. CBI-UST relations have become a political football. US-Iraq relations at a tipping point. US Ambassador to Iraq, recalled, summoned. Will this have an affect the RV-RI? Treat as a rumors. Not verified. Your opine. From Other Sources: Former CBI Official Rules Out The Collapse Of The Iraqi Banking System As A Result Of US Actions. ARTICLE: Mahmoud Dagher, an economist and former general director of the CBI, ruled out, on Thursday, the collapse of the banking system in Iraq following the sanctions imposed by the UST on a group of banks in the country. Dagher said in an interview with a news agency, "The collapse of the banking system due to these sanctions & restrictions will not happen despite the continued pressure of this intensity that is harming these banks." He added that there are no real reasons for these sanctions, adding that the UST only restricted these banks from obtaining the Dollar. Dagher stated, “Because there are no reasons & because the case is suspicious, it is not a penalty, but rather a restriction on those banks, but it results in harm to them, to the people & to the import financing process.” He stated that the penalties came based on the banks’ dealings with suspicious financial transfers during the past year 2023. The day before yesterday, Tuesday, Deputy PM & Minister of Foreign Affairs, Fuad Hussein, called on the US to reconsider the sanctions imposed on 21 Iraqi banks that contribute to financing the food basket items for families with limited income, as the Iraqi Ministry of Foreign Affairs announced on Wednesday. In July 2023, the UST imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s Dollar transactions. An official document issued by the CBI this February showed that 8 Iraqi banks were banned from participating in the foreign currency buying & selling window. Iraq has more than 70 private banks, a relatively new feature in a sector that was almost entirely under state control until the fall of Saddam Hussein's regime after the US invasion in 2003. From Other Sources: US Sanctions Restrict Baghdad's Economy. Banks Are In A "Dilemma" & The CBI Is A "Spectator" ARTICLE: The banking sector in Iraq is experiencing unenviable days, as a result of the succession of UST sanctions on banks one after another, which portends an economic “disaster” that the government will face sooner or later, with exchange rates fluctuating above the barrier of 150,000 for every 100 Dollars. The UST imposed sanctions on 14 banks, according to what was revealed by the Wall Street Journal & these sanctions come months after similar sanctions were imposed on 4 other Iraqi banks after they were accused of various pretexts & pretexts, including money laundering to Iran. The US sanctions are raising a new wave of concern among Iraqis, especially since all government measures during the government of PM Muhammad Shiaa al-Sudani did not succeed in bringing the parallel exchange rate closer to the official rate. Earlier today, Foreign Minister Fuad Hussein & US Secretary of State Anthony Blinken discussed the sanctions imposed by the UST on Iraqi banks. Member of the House of Representatives, Zainab Al-Moussawi, revealed the reason for the UST placing economic sanctions on some Iraqi banks & while she described Washington’s arguments as “false,” she stressed the necessity of getting rid of Iraq’s dependence on the Dollar. FROM OTHER SOURCES: Parliament Talk About “Boycotting The US Ambassador” & Clarify “Washington’s Agenda”. ARTICLE: In Baghdad, Parliamentary authorities confirmed that the decision to boycott US Ambassador Elena Romanski already exists, while referring to the "Washington agenda", which it wants to implement in Baghdad. A member of the coordination framework, Muhammad Al-Baldawi, said today, Thursday (February 8, 2024), that “boycotting the meeting with the American ambassador to Iraq is an existing decision & it is a general trend in response to violations, but the issue went beyond the topic of the meeting, whether it should remain or be recalled.” Al-Baldawi added in an interview with “Baghdad Today”: “We are facing major crimes committed by Washington against the leaders of the Popular Mobilization Forces & the Iraqi resistance factions through the attempt of the evil state - in reference to America - to drag Iraq & the region into war and ignite strife in implementation of its policies of setting fires in countries.” He pointed out, "Although the Iraqi resistance factions & their coordination have suspended targeting the American occupation bases, the latter is working with all its efforts to drag the factions, the resistance & Iraq into the war," pointing out that "it is necessary to send an urgent message to the United Nations, the Security Council & the coalition leadership to withdraw the forces present in "The country."

Here's an article of Dinarian interests... Restructuring Iraq Banks. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Minister Of Finance: We Have A Program To Restructure Government Banks. Finance Minister Taif Sami revealed the existence of a program to restructure government banks. The Ministry of Finance stated in a statement, seen by Al-Iqtisad News, that “The Minister of Finance chaired an expanded meeting with representatives of the international company Ernst & Young, which specializes in auditing & financial consulting, in the presence of the general directors of the Rafidain & Rasheed banks, the Agricultural, Industrial & Real Estate Bank & the national & Iraqi insurance companies, in order to determine an action plan.” Initiate steps to merge & organize a number of the Ministry’s institutions & restructure them in line with the objectives of the Ministry’s financial & banking sector reform policy.” She added, “The meeting discussed the draft submitted by Ernst & Young relating to the organization & restructuring of the Rafidain & Rasheed banks & the merger of the National & Iraqi Insurance companies & discussed the proposed plan & implementation stages & determined the frameworks of the contract & drafted them in a manner consistent with the reform & development priorities, in addition to discussing the study submitted by the company & diagnosing the obstacles.” Tansformation, financial & legal solutions & treatments that ensure the integrity of the merger and structuring process.” The Minister of Finance explained – according to the statement – that “the Ministry has a program to restructure government banks & is working on it in cooperation with the CBI & relevant international organizations,” adding that the process of merging, structuring & introducing modern financial technologies will push towards making Iraqi banks acceptable internationally & locally to undertake the provision of services. of the government financial system and individuals simultaneously, defining the roles of banks and subcommittees, and determining contract durations,” pointing out that “the Ministry’s vision includes a comprehensive review and evaluation of the work of banks & the implementation of structural administrative reforms, which include providing a package of integrated banking services to citizens & companies & making them more consistent with… The national economy supports achieving sustainable economic development. Sami stressed “the necessity of benefiting from the expertise of reputable international companies, which can play an effective and essential role due to their expertise & consultations in charting the correct path for the projects implemented by the Ministry in accordance with its financial policy that conforms to international standards & specifications.” The statement added, “Ernst & Young is considered one of the leading international companies & has extensive experience & achievements in this field to regulate the work of financial institutions & has a solid professional history through its review of many central banks, commercial banks & major companies in the region & the world.”

here's an article from Dinarland... Iraq citizens trust in the banks increases. Iraq banks are sound & solid. Treat as a rumor. Not verified. Your opine. Bondlady’s Corner via TLM724: ARTICLE: To 96 Trillion. The Association Of Banks Announces A “Rise” In Deposits In The Private Banking Sector. The regional director of the Association of Iraqi Private Banks, Muhammad Handal, announced today, Monday, that deposits in the private banking sector have risen to 96 trillion dinars, while credit, cash & pledge loans amounted to 80 trillion. Handal said, in a speech during his participation in the Banking Development Conference in Erbil & followed by the / National News Center / that “there are those who compare the external banking sector with the Iraqi sector, but is the work environment in Iraq in general, like the work environment abroad?” He added, “There are 15 million bank cards in Iraq, of all kinds, in addition to more than 1,600 sales centers & more than 15,000 exchange devices,” noting that “the number of electronic wallets amounted to more than 2 million wallets, which helped expand financial inclusion in the country by 33%. And he explained that “the Central Bank took the initiative during the past years to build a strong, sound & stable system, which has a very big role in achieving financial & economic stability. in addition to the methodology adopted by the Central Bank of Iraq & applied by banks & electronic defense companies, which resulted in work under a legislative, regulatory & legal umbrella.” sound.”