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Central Bank of Iraq: There will be no change in the dollar exchange rate


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Central Bank of Iraq: There will be no change in the dollar exchange rate
 

  

Baghdad - people  

The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed, on Thursday, that there is no change in the dollar exchange rate.  

  

 

  

Khalaf told the official newspaper and followed it by "Nass", (February 3, 2022), that "the rise in oil prices led to an increase in foreign reserves and recorded a significant growth of foreign currency last year 2021, and this year is unprecedented compared to previous years."  


He pointed out that "the growth was achieved thanks to the bank's various investments and its management in accordance with the monetary policy based on the best international practices away from risks."  


He also revealed "the imminent start of granting very soft loans to all citizens in order to provide decent housing for all."  

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 The central bank detonates a surprise about the price of the dollar

01:15
The central bank detonates a surprise about the price of the dollar

Fourth - Baghdad

The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed today, Thursday, that there is no change in the dollar exchange rate, indicating that monetary policy is exclusively within his competence.

Khalaf said, according to the official newspaper, that "the rise in oil prices led to an increase in foreign reserves, and a significant growth of foreign currency was recorded in the past year 2021, and the current year is unprecedented compared to previous years," noting that "there is no change in the dollar exchange rate."

 

He pointed out, "The growth was achieved thanks to the bank's various investments and its management in accordance with the monetary policy based on the best international practices away from risks."

And he revealed, "the imminent start of granting very soft loans to all citizens in order to provide decent housing for all."

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The Central Bank of Iraq reveals the reasons for the decline in project financing from specialized banks

The Central Bank of Iraq reveals the reasons for the decline in project financing from specialized banks
archival
 

Mubasher: The Central Bank set, today, Wednesday, the value of the new initiatives granted to banks, while revealing the reasons for the decline in project financing from specialized banks.

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, told the Iraqi News Agency (INA), that "the new initiatives for banks included allocating an additional trillion for the purpose of financing large, medium and small projects, to be granted through banks approved by the Central Bank, in addition to allocating an amount of trillion 2021 for the purpose of financing renewable energy projects.

He added that "the most important challenges facing the initiative of specialized banks is the decrease in banks' financing of agricultural and industrial projects despite the provision of funds," calling on "the industrial bank to search for projects, grant them loans and reduce red tape."

He pointed out that "there is a committee in the General Secretariat of the Council of Ministers headed by the Secretary-General to study loan applications and consider projects that require loans of more than 20 billion dinars," noting that "the committee has a positive role and provided many facilities for project owners to benefit from the initiative."

He continued, "The decrease in project financing by specialized banks due to the slowdown and weakness of the industrial and agricultural banks as a result of the banks' internal mechanism in the grant process from receiving applications, evaluating them, conducting detection and converting them into payments."

And he indicated that "these procedures are links that hinder the grant process, in addition to the lack of cadres that evaluate economic feasibility studies with regard to the industrial bank, and the modest capabilities and skills of cadres in the agricultural bank."

He continued, "There are many requests received by specialized banks, but the provision of financing is weak despite the availability of sufficient allocations since 2016, especially the Industrial Bank, where the percentage of the amounts granted to the total allocation does not exceed 5 % , in addition to the difficulty of doing business in Iraq."

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The Central Bank confirms that there is no change in the dollar exchange rate

upload_1643867129_152387636.jpg
 

 

  •  Today, 08:45
 

Baghdad - INA
, Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no change in the dollar exchange rate, indicating that monetary policy is exclusively within his competence.
Khalaf said in a statement to Al-Sabah newspaper, which I followed, today, Thursday, that "the rise in oil prices led to an increase in foreign reserves, and a significant growth of foreign currency was recorded last year 2021, and the current year is unprecedented compared to previous years."
He pointed out that "the growth was achieved thanks to the Bank's various investments and its management in accordance with the monetary policy based on the best international practices away from risks,
revealing the closeness of granting very soft loans to all citizens in order to provide decent housing for all."

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The central bank identifies the reasons for the decline in project financing

upload_1643816157_1232748297.jpg
 
  •  Yesterday, 18:37
 

Today
, Wednesday, the Central Bank determined the value of the new initiatives granted to banks, while revealing the reasons for the decrease in project financing from specialized banks. 
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, told the Iraqi News Agency (INA), that "the new initiatives for banks included allocating an additional trillion for the purpose of financing large, medium and small projects, to be granted through banks approved by the Central Bank, in addition to allocating an amount of one trillion 2021 for the purpose of financing renewable energy projects. 
He added, "The most important challenges facing the initiative of specialized banks is the decrease in banks' financing of agricultural and industrial projects despite saving money," calling on "the Industrial Bank to search for projects, grant them loans and reduce red tape."
He pointed out that "there is a committee in the General Secretariat of the Council of Ministers headed by the Secretary-General to study loan applications and consider projects that request loans worth more than 20 billion dinars," noting that "the committee has a positive role and provided many facilities for project owners to benefit from the initiative."
He continued, "The decrease in project financing by specialized banks due to the slowdown and weakness of the industrial and agricultural banks as a result of the banks' internal mechanism in the grant process, from receiving and evaluating applications, conducting detection and converting them into payments," noting that "these procedures are loops that hinder the grant process, in addition to the lack of cadres that perform By evaluating the economic feasibility studies with regard to the industrial bank, and the modest capabilities and skills of the staff in the agricultural bank. 
He added, "There are many requests received by specialized banks, but the provision of financing is weak despite the availability of sufficient allocations since 2016, especially the Industrial Bank, where the percentage of amounts granted to the total allocation does not exceed 5%, in addition to the difficulty of doing business in Iraq.

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Laid Back, I totally agree. The CBI is spending way to much time in saying the exchange rate will not change while promoting all these soft interest loans as a disguise seems to me. 

With China moving in and building schools all over the country it's hard for me to believe things will stay the same. Other countries coming in and opening banks plus Iraq opening banks in other countries I'm thinking the monetary policy will also change, including the exchange rate. I don't know  how they will do it but oil at 90 dollars a barrel they appear to have options....

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I listened to Breitling the other day & got a chance to speak with him during a webinar. In short he said the CBI & Parliament is very happy to move forward, they don't see anything in their way to prevent them, & they want to come from under the dollar to make good things happen. Iraq is very happen with where they're at! In another brief audio recently he said time is running out. We're that close!

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Move these off the chart    :bs: news articles into the EPIC :bs: FILE

 

I’m no high brow economist but I have stayed at Holiday Inn Express on numerous occasions—what Happens with everything we’ve seen Happen would Happen if they choose to foot drag & sand bag until 2023 1st quarter to ( perhaps ) RI/RV ?

 

Look at the disastrous domino results that could Happen both politically & economic ... not to mention how pissed off the people would be. They’d be so incensed at being so Epically lied to on all fronts, no telling what might Happen.

 

Looks like we got ourselves a HAPPENING.

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5 hours ago, Donziman said:

Nothing happens in any country until the politicians have a secret reason 

or doing it. What ever it is must enrich the politicians. They have stolen dollars for years

and sent this money out of the country. THEY LIKE THINGS THE WAY THEY ARE.


Kinda sounds like you’re talkin’ about the Brandon Administration.

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