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Iraq participates in the meetings of the International Monetary Fund and the World Bank in Washington

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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
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The Deputy Minister of Finance participates in the monetary and World Bank meetings and stresses the comprehensive development
 

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{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.

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 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."

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October 16, 2022
The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank

 



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
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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
 
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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

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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
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13 minutes ago, yota691 said:

5051.jpg

 

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.

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October 16, 2022
Gold bullion and coin prices for Sunday 10/16 to Thursday 20/10/2022

 

 



( 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

 

file-155047419319872.jpg

file-155047424067597.jpg

ingot 5 g

404,000

file-155167974932800.jpg

file-15516798818313.jpg

slug 10 g

797,500

file-155167978087073.jpg

slug 15 g

1,199,000

file-155167980596158.jpg

slug 20 g

1,609,500

file-155167982617318.jpg

slug 25 g

2,021,250

file-155167984789586.jpg

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The World Bank and the American Chamber of Commerce are discussing the electronic payment file in Iraq

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 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."

 

 

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