yota691 Posted February 3, 2022 Report Share Posted February 3, 2022 Talk about loans Central Bank of Iraq: There will be no change in the dollar exchange rate 2022.02.03 - 14:02 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." 2 4 2 2 Quote Link to comment Share on other sites More sharing options...
JonnyV Posted February 3, 2022 Report Share Posted February 3, 2022 Yup . Music to my ears. It’s coming. Deny Deny Deny….. 2 1 8 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 3, 2022 Author Report Share Posted February 3, 2022 The central bank detonates a surprise about the price of the dollar 01:15 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." 3 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 3, 2022 Author Report Share Posted February 3, 2022 The Central Bank of Iraq reveals the reasons for the decline in project financing from specialized banks archival February 02 2022 07:28 PM 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." 3 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 3, 2022 Author Report Share Posted February 3, 2022 The Central Bank confirms that there is no change in the dollar exchange rate 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." 6 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 3, 2022 Author Report Share Posted February 3, 2022 The central bank identifies the reasons for the decline in project financing 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. 4 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted February 3, 2022 Popular Post Report Share Posted February 3, 2022 “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.” Mr. Ammar Hamad Khalaf, you can say all you want. Sooner than later the CBI will have to move to an open market economy with an international recognized currency. Every move of the GOI and CBI is pointing in that direction. Is just a matter of time …. I’ll wait. Go RV Go $1:1 9 1 1 7 7 Quote Link to comment Share on other sites More sharing options...
DoD Posted February 3, 2022 Report Share Posted February 3, 2022 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.... 1 9 Quote Link to comment Share on other sites More sharing options...
1lucdog Posted February 3, 2022 Report Share Posted February 3, 2022 There is No Change ... Until there IS 3 8 3 Quote Link to comment Share on other sites More sharing options...
chris2028 Posted February 3, 2022 Report Share Posted February 3, 2022 Thanks @yota691 ! In the words of our friend @ladyGrace'sDaddy SUDDENLY!! 🙂 2 6 4 Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted February 3, 2022 Report Share Posted February 3, 2022 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! 7 2 1 5 Quote Link to comment Share on other sites More sharing options...
Fairways&Greens Posted February 3, 2022 Report Share Posted February 3, 2022 Once the UN Security Council removes any remaining restrictions from Chapter VII, things will happen quickly. Iraq must become a full member of the international community if they want to thrive. They cannot move forward with major projects without an internationally tradable currency. 3 1 9 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted February 3, 2022 Report Share Posted February 3, 2022 The rate will change...they are not going to tell you until it actually has happened! 9 1 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted February 3, 2022 Report Share Posted February 3, 2022 Move these off the chart news articles into the EPIC 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. 2 1 4 2 Quote Link to comment Share on other sites More sharing options...
southbeach Posted February 4, 2022 Report Share Posted February 4, 2022 …..until it IS 3 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted February 4, 2022 Report Share Posted February 4, 2022 I hope this is the pie in the face to block us from foreseeing an increase in the exchange rate 1 Quote Link to comment Share on other sites More sharing options...
3 bucks new rv rate Posted February 4, 2022 Report Share Posted February 4, 2022 14 hours ago, yota691 said: Central Bank of Iraq: There will be no change in the dollar exchange rate I won't believe 100% what they said. this is just another distraction again. i won't sell mine and I don't buy more. enough is enough. anyone else out there buy more? 3 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted February 4, 2022 Report Share Posted February 4, 2022 go RVVV 1 3 Quote Link to comment Share on other sites More sharing options...
lmb4321 Posted February 4, 2022 Report Share Posted February 4, 2022 Complete Smoke Screen....Actually they just blew their Cover.... Why would they say that in the first place?....... Cuz it's Happening....Right after the UN Officially gets Iraq out of Chapter VII in February... JMHO..... 1 1 6 Quote Link to comment Share on other sites More sharing options...
Donziman Posted February 4, 2022 Report Share Posted February 4, 2022 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. 2 Quote Link to comment Share on other sites More sharing options...
peace1221 Posted February 4, 2022 Report Share Posted February 4, 2022 I’m excited for the day they change the rate. Goooooo RV! 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted February 5, 2022 Report Share Posted February 5, 2022 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. 2 1 Quote Link to comment Share on other sites More sharing options...
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