6ly410 Posted October 14, 2022 Report Share Posted October 14, 2022 Iraq participates in the meetings of the International Monetary Fund and the World Bank in Washington Saturday 15 October 2022 01:21 | Economic Number of readings: 514 https://www.ninanews.com/Website/News/Details?key=1007656 Baghdad / NINA / - Iraq participated in the meetings of the International Monetary Fund and the World Bank held in the American capital, Washington. On the sidelines of the meetings, Acting Minister of Finance Ihsan Abdul-Jabbar held several side meetings with a number of financial and economic institutions, stressing the importance of strengthening relations with various international partners, and the trend towards developing areas of regional and international cooperation. The Minister of Finance referred to efforts to solve all problems and remove obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development. It also included participation in the meetings of the Fund and the World Bank, central bank governors, ministers of finance and development, senior officials from the private sector, representatives of civil society organizations, and academics to discuss issues of global concern. The visit of the Iraqi delegation comes as part of efforts to enhance and deepen the areas of economic cooperation with the two international institutions, as well as Iraq's intention to obtain technical and technical support from the US Treasury and other financial institutions./ End 5 1 2 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 14, 2022 Report Share Posted October 14, 2022 Iraq continues moving forward under the guidelines of IMF, WB, UN and USA 3 4 4 Quote Link to comment Share on other sites More sharing options...
southbeach Posted October 14, 2022 Report Share Posted October 14, 2022 Which equals success/blessings! 1 2 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 15, 2022 Report Share Posted October 15, 2022 The Deputy Minister of Finance participates in the monetary and World Bank meetings and stresses the comprehensive development Time: 10/14/2022 21:45:05 Reading: 2,756 times {Economic: Al Furat News} The Minister of Finance, Ihsan Abdul-Jabbar Agency, headed the Iraqi delegation participating in the meetings of the International Monetary Fund and the World Bank, held in Washington, DC, with the participation of the Undersecretary and a number of general managers. A statement by the Ministry of Finance stated that Abdul-Jabbar "conducted several side meetings with a number of financial and economic institutions, during which he stressed the importance of strengthening relations with various international partners, and the trend towards developing areas of regional and international cooperation." Minister Abdul-Jabbar indicated the efforts aimed at solving all problems and removing obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development. Participation in the IMF and World Bank meetings included central bank governors, ministers of finance and development, senior officials from the private sector, representatives of civil society organizations, and academics to discuss issues of global concern. The Iraqi delegation's visit comes as part of efforts to enhance and deepen the areas of economic cooperation with the two international institutions, as well as Iraq's intention to obtain technical and technical support from the US Treasury and other financial institutions, according to the statement. It is noteworthy that the House of Representatives voted on September 11, “on a parliamentary decision to terminate the assignment of {Ihsan Abdul-Jabbar} the Minister of Oil from his position as the Deputy Minister of Finance due to the intersection of his work with the provisions of the amended Financial Management Law and at the request of 146 deputies, to assign the Speaker of the House of Representatives The ministers were replaced by someone else. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 15, 2022 Report Share Posted October 15, 2022 The Minister of Finance heads an Iraqi delegation to meet with the World Bank on investment 2022-10-14 14:49 Shafaq News/ The Minister of Finance, Ihsan Abdul-Jabbar Agency, headed on Friday the Iraqi delegation participating in the quarterly meetings of the International Monetary Fund and the World Bank in Washington. According to a statement of the Ministry of Finance received by Shafak News Agency, "the meeting, in which the Undersecretary and a number of general managers participated, included several meetings on the sidelines of meetings with a number of financial and economic institutions." During the meetings, Abdul-Jabbar stressed the importance of strengthening relations with various international partners, and the trend towards developing areas of regional and international cooperation. The minister referred to efforts aimed at solving problems and removing obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing "the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development." The statement continued, "Participation in the meetings of the Fund and the World Bank included central bank governors, ministers of finance and development, senior officials from the private sector, representatives of civil society organizations, and academics to discuss issues of global concern." The statement indicated, "The visit of the Iraqi delegation comes within the efforts to enhance and deepen the areas of economic cooperation with the two international institutions, as well as Iraq's intention to obtain technical and technical support from the US Treasury and other financial institutions." 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2022 Report Share Posted October 16, 2022 The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank October 16, 2022 A high-level delegation from the Central Bank of Iraq, headed by Deputy Governor Dr. Ammar Hamad Khalaf, participated in the annual meetings held by the International Monetary Fund and the World Bank in Washington, DC. During the meetings, several meetings were held with some officials of the International Monetary Fund and the World Bank to discuss ways of cooperation with Iraq, and to provide the necessary support for the development of various economic sectors, especially the banking sector due to its importance in economic development. The delegation discussed with the American Chamber of Commerce and a number of American companies, the electronic payment file in Iraq, and the efforts of the Central Bank to develop it, which contributes to increasing the rate of financial inclusion. International institutions praised the efforts of the Central Bank, which contributed to achieving growth in the national economy, which is more than 9% during the current year. Central Bank of Iraq Media Office 16 - October - 2022 1 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2022 Report Share Posted October 16, 2022 October 14, 2022 Statements & Remarks Remarks by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg at the Union of Arab Banks October 14, 2022 Readouts READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Bilateral Engagements with Baltic Finance Ministers October 14, 2022 Statements & Remarks Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the National Bankers Association Annual Conference October 14, 2022 Transcript of Press Conference from Secretary of the Treasury Janet L. Yellen as Part of 2022 IMF-World Bank Annual Meetings October 14, 2022 Readouts READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Eurogroup Finance Ministers October 14, 2022 Readouts READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting of Countries Imposing Economic Restrictions on Russia October 14, 2022 Statements & Remarks Remarks by Deputy Secretary Wally Adeyemo at Meeting of Countries Imposing Economic Restrictions on Russia October 13, 2022 Statements & Remarks Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with European Commission Executive Vice-President and Trade Commissioner Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni October 13, 2022 Secretary Statements & Remarks Joint IMFC and Development Committee Statement by Secretary of the Treasury Janet L. Yellen October 12, 2022 Secretary Statements & Remarks Remarks by Secretary of the Treasury Janet L. Yellen at Bretton Woods Committee’s International Council 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2022 Report Share Posted October 16, 2022 Press release Joint statement by the Iraq Economic Contact Group English العربيَّة The UK and Japan co-hosted a meeting on economic reform and climate action in Iraq at the Annual Meetings of the IMF and the World Bank Group From: Foreign, Commonwealth & Development Office Published 14 October 2022 The Iraq Economic Contact Group (IECG) met today with Iraqi representatives in Washington DC. Representatives from Iraq, the World Bank, International Monetary Fund (IMF) and G7 discussed Iraq’s economic challenges and opportunities and the need for significant economic reform. Despite some progress achieved under the current government in a challenging context, Iraq continues to face daunting medium and long-term economic challenges which are compounded by the negative impacts of climate change - including water scarcity, desertification, drought, and soaring temperatures. The IECG encourages the Government of Iraq to drive forward an ambitious economic reform agenda and take decisive climate action. Iraq’s economic reform and recovery, the consolidation of its democracy, and increasing the participation of women and girls in all aspects of the country’s economic and political life, are all key to promoting stability not only in Iraq but also in the region. Diversifying the economy and building an inclusive and dynamic private sector to complement the hydrocarbon industry will promote macroeconomic resilience and provide opportunities and livelihoods for the people of Iraq. This will require reforms that improve the business environment, modernise the financial sector, strengthen macroeconomic stability and public financial management, and fight against corruption; catalysing growth and creating the building blocks for the private sector to thrive. Investing Iraq’s oil revenues prudently - through good governance, effective fiscal management, and transparency – will be important to rebuilding and climate-proofing infrastructure and improving basic services, creating the foundations for sustainable growth. The IECG remains committed to supporting the Government of Iraq to tackle Iraq’s important economic and social challenges. Media enquiries 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2022 Report Share Posted October 16, 2022 The Central Bank: The inflation rate is controlled and we are not thinking of changing the exchange rate money and business Economy News-Baghdad The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi dinar, especially in light of the high oil prices and foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% and is controlling. It is necessary to stabilize the Iraqi dinar exchange rate. Khalaf said, in an interview with the Kurdish media network "Rudaw", on the sidelines of the IMF and World Bank meetings in Washington, which he described as "the mission", that "there are serious attempts to reform the Rafidain and Al-Rasheed banks, so that they can play their role in the Iraqi economy." He added, "The annual meeting of the International Monetary Fund and the World Bank, the meetings held by central bank governors, finance ministers, and the governors of the IMF and the World Bank are important to exchange experiences, and to meet with leaders of the financial sector as well as international institutions, in addition to bilateral meetings with some central banks and international institutions, which are very important." To continue communicating with international organizations and exchanging experiences. He added, "Iraq's foreign reserves are more than 80 billion dollars, and the credit for this increase is due to the rise in global oil prices," stressing, "There is no thought or desire to change the exchange rate, especially in light of the current circumstances and the high prices of oil and foreign reserves, There is no reason to think about changing the exchange rate of the Iraqi dinar." He explained that "the introduction of more dollars in the markets depends on the demand from banks and traders, and the sales of the window have been stable for a while," noting that "the inflation rate in Iraq is now around 6%, and it is controlled, especially because of the stability of the exchange rate in the local markets, which is controlled." by the Central Bank of Iraq. And regarding the opening of branches for Rafidain and Al-Rasheed banks in the Kurdistan region, Khalaf explained that "these are important Iraqi banks owned by the Iraqi government, which constitutes 80% of the banking sector, and there are serious attempts to reform these banks, to play their traditional and important role in the Iraqi economy." Views 266 Added 10/15/2022 - 11:59 AM Update 10/16/2022 - 4:54 PM 2 2 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted October 16, 2022 Report Share Posted October 16, 2022 I'm keeping the faith, hope for a better new year coming 2023 2 1 Quote Link to comment Share on other sites More sharing options...
southbeach Posted October 16, 2022 Report Share Posted October 16, 2022 13 minutes ago, yota691 said: The Central Bank: The inflation rate is controlled and we are not thinking of changing the exchange rate money and business Economy News-Baghdad The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi dinar, especially in light of the high oil prices and foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% and is controlling. It is necessary to stabilize the Iraqi dinar exchange rate. Khalaf said, in an interview with the Kurdish media network "Rudaw", on the sidelines of the IMF and World Bank meetings in Washington, which he described as "the mission", that "there are serious attempts to reform the Rafidain and Al-Rasheed banks, so that they can play their role in the Iraqi economy." He added, "The annual meeting of the International Monetary Fund and the World Bank, the meetings held by central bank governors, finance ministers, and the governors of the IMF and the World Bank are important to exchange experiences, and to meet with leaders of the financial sector as well as international institutions, in addition to bilateral meetings with some central banks and international institutions, which are very important." To continue communicating with international organizations and exchanging experiences. He added, "Iraq's foreign reserves are more than 80 billion dollars, and the credit for this increase is due to the rise in global oil prices," stressing, "There is no thought or desire to change the exchange rate, especially in light of the current circumstances and the high prices of oil and foreign reserves, There is no reason to think about changing the exchange rate of the Iraqi dinar." He explained that "the introduction of more dollars in the markets depends on the demand from banks and traders, and the sales of the window have been stable for a while," noting that "the inflation rate in Iraq is now around 6%, and it is controlled, especially because of the stability of the exchange rate in the local markets, which is controlled." by the Central Bank of Iraq. And regarding the opening of branches for Rafidain and Al-Rasheed banks in the Kurdistan region, Khalaf explained that "these are important Iraqi banks owned by the Iraqi government, which constitutes 80% of the banking sector, and there are serious attempts to reform these banks, to play their traditional and important role in the Iraqi economy." Views 266 Added 10/15/2022 - 11:59 AM Update 10/16/2022 - 4:54 PM I’m not believing a word this guy says regarding not changing exchange rate. 8 Quote Link to comment Share on other sites More sharing options...
Retiredofficer Posted October 16, 2022 Report Share Posted October 16, 2022 1 hour ago, southbeach said: I’m not believing a word this guy says regarding not changing exchange rate. Lots of smoke! 7 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted October 16, 2022 Report Share Posted October 16, 2022 6 hours ago, yota691 said: There is no reason to think about changing the exchange rate of the Iraqi dinar. Why should we, when we are getting billions, at worthless paper now ! Quote Link to comment Share on other sites More sharing options...
DoD Posted October 16, 2022 Report Share Posted October 16, 2022 6 hours ago, yota691 said: The Central Bank: The inflation rate is controlled and we are not thinking of changing the exchange rate You’re not going to do anything until the master Iran tells you to. 1 1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 17, 2022 Report Share Posted October 17, 2022 Gold bullion and coin prices for Sunday 10/16 to Thursday 20/10/2022 October 16, 2022 ( Citizens can review government and private banks to buy gold bars and coins ) weight Price/JD picture/forward Photo/Back minted 15 g 1,297,250 mint 22 g 1,902,000 ingot 5 g 404,000 slug 10 g 797,500 slug 15 g 1,199,000 slug 20 g 1,609,500 slug 25 g 2,021,250 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 17, 2022 Report Share Posted October 17, 2022 The World Bank and the American Chamber of Commerce are discussing the electronic payment file in Iraq Economie Today, 13:59 Baghdad - I know Today, Monday, a delegation from the World Bank discussed with the American Chamber of Commerce the electronic payment file, while indicating efforts to develop it. The Iraqi News Agency (INA) correspondent said, "The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, participated in the annual meetings held by the International Monetary Fund and the World Bank in the American capital, Washington." He added, "A delegation from the World Bank discussed with some officials of the International Monetary Fund, ways to cooperate with Iraq, and to provide the necessary support for the development of various economic sectors, especially the banking sector." He continued, "The delegation discussed with the American Chamber of Commerce and a number of American companies the electronic payment file in Iraq, and the efforts of the Central Bank to develop it, which contributes to increasing the rate of financial inclusion." 2 Quote Link to comment Share on other sites More sharing options...
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