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WARNING!!!  If you don't like reading speculation about why the RV may be imminent, please just skip this post!!!  That way you won't have to get upset and you also won't rain on the parade of those o

In 2016 when Trump won, I felt for those who were shocked and devastated even though I rejoiced.  Will have no sympathy for them this time.

From Delta - Translating Comments On Iraqi Social Media ...               THESE ARE MESSAGES FROM IRAQI SOCIAL MEDIA TO THE NEW CBI GOV..........   "We hope tha

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7 minutes ago, Shedagal said:

In 2016 when Trump won, I felt for those who were shocked and devastated even though I rejoiced.  Will have no sympathy for them this time.

Agreed. If they were interested in the truth, they could find it.

 

Edited by Longtimelurker
Decided not to edit
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9 hours ago, DinarThug said:

MORE THAN A THOUSAND MESSAGES TO THE CBI TO RAISE THE VALUE AND COMPETE WITH THE DOLLAR....

Great idea

lets spam the hell out of the cbi 

 

they get 2 million emails a day

they might get the point 

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The plan is to move to a free and dynamic economy.

- Reducing public expending 
- development of non oil sector

- diversification of the economy 
 

Go iraq

Go free market economy 

Go RV

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The Central Bank opens an account with (EuroClear) to develop the performance of foreign reserves. Euroclear is the most important institution for keeping securities and other services, including the ease of conducting investment operations without the need to conclude agreements with the source of the securities, the lower costs of keeping securities and the ease of follow-up.
This step is important in the work of the Central Bank of Iraq, as it simulates international practices in the process of investing foreign reserves, and is an important achievement that this bank adds to its set of achievements in managing reserves and international transactions.
 
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Al-Markazi: A drive to create solid financial institutions

Saturday, October 31, 2020 119

 

Al-Markazi: A drive to create solid financial institutions
 Baghdad: Hussein Thahab 
 
The Central Bank of Iraq confirmed the tendency to create solid financial institutions that support effective economic activities in the country. The representative of the Central Bank said during the meeting of the General Authority of the International Islamic Bank that “the Central Bank supports the trends aimed at consolidating the banking system, which is the cornerstone for the development of the national economy through the advanced products that Progress to the nation's working effort. "

Inclusion and pluralism
He pointed out that "the Central Bank does not accept the existence of slack in the Iraqi banking system, and supports the increase of capital after verifying its integrity, as it supports the operations of the banking sector through the merger and multiplicity of products provided to the public."
 customers".
 
Advanced services
In his turn, Chairman of the Board of Directors of the International Islamic Bank Haider Al-Shamaa pointed out that "efforts are continuously directed towards developing performance and creating an effective banking system that supports efforts aimed at developing the national economy, through a group of products that are continuously being developed to provide advanced services that reach all segments of society. In line with the financial inclusion trends recommended by the Central Bank
 Iraqi ".
He added, "The bank works in accordance with the instructions of the Central Bank and worked to support small and medium enterprises with effective economic viability, in a step aimed at providing job opportunities for the largest segment of
 Young".
 
Important projects
He pointed out, "Achieving a partnership with the Ministry of Agriculture to establish a number of important projects, as it was directed to cultivate soybeans in Iraq for the first time and with areas covering the country's need for this material that is imported from markets outside the country, as experiences have shown the success of cultivating this important crop inside Iraq, as well as Work is underway on a textile farming project in the holy Karbala, as well as simple transformative projects such as the production of derivatives
 the milk".
He pointed out that "the success of the bank’s work requires the formation of governance committees and other specialized committees that follow up the mechanisms of work and paths to improve performance in a manner that enhances confidence between the banking system and the public, after there has become a big gap in this." 
Side
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Opportunities for development are available

Saturday, October 31, 2020 60

Opportunities for development are available
 
  Baghdad: Morning
 
The specialist in economic affairs, Ahmed Al-Attar asserted that "opportunities to achieve economic development in Iraq are available, and the sites for starting development operations can be diagnosed, as we have the ingredients to achieve rapid success, by adopting phased development plans that advance all
 Sectors ".
He added, "In addition, the banking system must be developed to provide products that support economic development processes, which must be linked to strategic plans that develop all production and services joints, leading to the establishment of major projects during the coming periods, and small and medium enterprises are complementary to strategic projects."
He pointed out, "the importance of attracting part of foreign investment flows, and adopting advanced technology that reduces time and effort in order to reach the goals, and that all of these trends require an advanced banking system capable of supporting all economic operations, and this has become aware of our banking system and works to develop all joints." 
Currency
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The Central Bank of Iraq, Mr. Mustafa Ghaleb, met with his counterpart, the Governor of the Saudi Arabian Monetary Corporation, Dr. Ahmed bin Abdul Karim, and the meeting, which included a high-level delegation from both sides, concluded discussions on monetary and banking policies between the two countries.

 

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In an opening speech of the meeting, the governor of the bank confirmed the possibility of resuming the training of the employees of the Central Bank at the Saudi Arabian Monetary Agency, as well as discussing the developments of the opening of the branch of the Iraqi Trade Bank (TBI) in the Kingdom of Saudi Arabia and the possibility of increasing the number of Iraqi banks in # Saudi Arabia.
 
 
The two sides also discussed the developments of the agreement to avoid double taxation between the two countries. For his part, the Governor of the Saudi Arabian Monetary Agency called for strengthening the relationship between the two countries, especially in the banking sector, pointing out that Iraq is a good arena for financial dealings, expressing his readiness to open more horizons of cooperation.
 
 
 
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Our economy and the reform movement

Monday 09 November 2020 41

Our economy and the reform movement
 

 

 Baghdad: Morning 
A new book by economist Samir al-Nusiri was recently released in Baghdad, entitled (Our Economy and the Reform Movement 2015-2020), which deals with economic and banking reform for years after the economic and security shocks and the global oil price decline after mid-2014 and during the Corona virus crisis, for which a special chapter was devoted.
 Once again, the economic and banking advisor, Samir Al-Nasiri, puts us in front of a new juice based on his experience, experience and relentless keeping up with the economic, financial and banking reality, in this book entitled (Our Economy and the Reform Movement 2015-2020). 
The chapters of the book are characterized by the multiplicity of dimensions in which the author becomes jealous based on a holistic vision that aims to shape the economic reality on rules and constants that form the foundations for the economic construction, and at the same time as a starting point for amendment, correction and reform to remove obstacles and obstacles, and to formulate consistent and integrated policies in order to achieve the desired goals.
Since fiscal and monetary policy are two basic pillars of the economy, the author deals with the two sides within the framework of the symbiosis of roles and policies, as well as the mutual influences between the two policies, which requires permanent coordination between them.
In keeping with the Central Bank's plans and strategy for the years (2016-2020), the author details the size of the initiatives and achievements made by the Central Bank of Iraq during the past years in achieving monetary and financial stability, and in the institutional reconstruction of the bank to accommodate modern international developments, concepts and standards in all the bank’s joints.
 The book deals with what enhances the role of the banking sector in advancing growth and progress by expanding the circle of financial inclusion, applying institutional governance, and benefiting from technological progress in developing electronic payment methods.
The book includes four chapters and 88 topics, with a number of 340 pages and two documentary attachments, and that the current book is the eighth of the author and has already published seven books, all of which discuss economic, financial and banking reform during the past six years, respectively:
 (Economic repercussions in the Arab movement countries and the Iraqi experience in the applications of monetary policy) and (reform of the banking sector in Iraq challenges and strategy of reforms) and (reform of the banking sector the first step for economic reforms in Iraq) and (methodology of economic and banking reform in Iraq) and (Central Bank Al-Iraqi facing the challenges of the economic and financial crisis for the years (2015-2017) and (My vision for economic reform in Iraq) and (Light at the end of the tunnel - visions and economic and banking studies) and it was printed in two editions in Baghdad and Beirut by the Union of Arab Banks, and it is deposited and preserved in House of Books and Archives in Baghdad
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