Central Bank Governor: The dollar exchange rate will remain for the coming years!

[southbeach]

P Trump did a segment on global currency manipulators like these guys at Mar Lago last night, and how these practices are going to end.

[6ly410]

• Central Bank Governor: The Bank played a "major role in progress and development" – Iraq News Network (aliraqnews.com)

Central Bank Governor: The Bank has played a "major role in progress and development"

Last Updated:16 November 2022 - 11:20 AM

Baghdad / Iraq News Network - The Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Jubouri, said on Wednesday that the Central Bank of Iraq played roles in progress and development and one of the engines of high-end institutional work.Al-Jubouri said in a statement, "This day marks the seventy-fifth anniversary of the founding of the Central Bank of Iraq, when the National Bank of Iraq was born on such days in 1947, to begin a triumphant march for the monetary authority in our country." He added: "We are not the only ones who are proud of the Central Bank of Iraq, but our people, institutions and banking sector are proud of this sumptuous national fruit in its giving, performance and sustainability of its efforts.

[6ly410]

Iraq news now

The House of Representatives reveals urgent measures to reduce the exchange rate of the dollar

Posted 45 seconds ago

 

The House of Representatives reveals urgent measures to reduce the dollar exchange rate - Iraq News (iraqakhbar-com.translate.goog)

news source /Iraq Today Agency

 

Baghdad - Iraq today:

A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed that the House of Representatives is seriously determined to pass all laws that touch the life of the citizen, and do not need political consensus, revealing that new measures will be taken soon to reduce the exchange rate of the dollar.

Al-Hamami said in a press statement, "We hope that the government of Prime Minister Muhammad Shia' al-Sudani will overcome all the failures that occurred in the previous budgets, and that they be approved within the next few days, because they directly affect the life of the citizen."

He added, "The House of Representatives will help the government in everything it wants to achieve, especially if it is good for the Iraqi people."

Al-Hamami continued, "The budget for the year 2023 will have many job grades," noting that "the budget law has not yet reached the House of Representatives, and it is expected to arrive within the next few days."

And he continued, "There is a parliamentary effort to add new legal paragraphs based on negotiation and understanding regarding deleting or adding some paragraphs to the draft budget law, and in agreement with the government to serve the Iraqi people, especially ending the file of lecturers in addition to providing job opportunities for graduates."

Noting that “members of Parliament are now working to put pressure on the current government and the central bank to change the exchange rate of the dollar in a way that suits the living reality.”

Al-Hamami indicated that "a parliamentary delegation will be formed to visit the Central Bank to negotiate a gradual decrease in the exchange rate of the dollar, due to its negative impact on the middle and poor classes."

 

[6ly410]

Frightening recalling the 75th anniversary of the founding of the Central Bank: playing roles in progress and development

Nabaa10 hours ago

One minute

Frightening, recalling the 75th anniversary of the establishment of the Central Bank: Playing roles in progress and development – Al-Oula News Agency (awla.news)

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The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, recalled on Wednesday the importance of the role of the Central Bank in the country, on the occasion of the passage of its 75th year, stressing that the Central Bank of Iraq played roles in progress and development and one of the engines of high-end institutional work.

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, said in a statement, received by (Al-Oula News), "Today marks the seventy-fifth anniversary of the founding of the Central Bank of Iraq, when the National Bank of Iraq was born on such days in 1947, to begin a triumphant march for the monetary authority in our country."

He continued, "This birth, which our people have harvested and are reaping the fruits of with honorable work, was an example of an institution belonging to its country, playing roles in progress and development and one of the engines of high-end institutional work."

He added: "We are not the only ones who are proud of the Central Bank of Iraq, but our people, institutions and banking sector are proud of this sumptuous national fruit in its giving, performance and sustainability of its efforts."

[rvmydinar]

27 minutes ago, 6ly410 said:

A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed that the House of Representatives is seriously determined to pass all laws that touch the life of the citizen, and do not need political consensus, revealing that new measures will be taken SOON to reduce the exchange rate of the dollar.

Here we go again. More talk talk and talk. The lying talk comes back to surprise the dinar holders. Come on , stop talking and just do it for the sake of iraqi people.  By the way , who can close their mouths from talking BS? A new PM? And wow , Furthermore , They use the word " Soon " and that gives me a goosebump. What is iraq definition of " SOON "? How Soon could that be? Another 100 more years? 

[jg1]

1 hour ago, rvmydinar said:

Here we go again. More talk talk and talk. The lying talk comes back to surprise the dinar holders. Come on , stop talking and just do it for the sake of iraqi people.  By the way , who can close their mouths from talking BS? A new PM? And wow , Furthermore , They use the word " Soon " and that gives me a goosebump. What is iraq definition of " SOON "? How Soon could that be? Another 100 more years? 

When I hear soon, I immediately vomit just a little bit in my mouth. Must be an ulcer.

[RJG]

An economist diagnoses 3 challenges to the decision to restore the exchange rate

16th November, 2022
The local economist, Bassem Adnan, identified, on Wednesday, three challenges facing the decision to restore the exchange rate in Iraq.

Adnan said in an interview with Al-Maalouma, "The laws set clear powers for the financial management file in Iraq, and it is within the jurisdiction of the Central Bank, which is considered an independent entity and cannot be interfered with or impose decisions, including restoring the exchange rate to its previous state." 

He added, "3 challenges face any decision to restore the exchange rate of the dollar to its previous state, the most prominent of which is the loss of financial liquidity estimated at 22 trillion dinars, which is a large amount, especially since we are facing a period of frequent fluctuations in the oil price exchange, which will make any next step in this direction difficult or even impossible." 

He pointed out that "Al-Kazemi's government committed grave mistakes that made raising the exchange rate a tool for grinding millions of poor people, because it did not protect the markets and did not put in place mechanisms to prevent monopoly and speculation in basic materials to push prices to rise by a rate ranging between 20-50%." 

Dozens of members of the House of Representatives support the decision to return the exchange rate of the dollar to its previous position due to the repercussions of the high prices of basic materials in the markets. 

https://almaalomah.me/news/economy/خبير-اقتصادي-يشخص-3-تحديات-لقرار-اعادة-سعر-الصرف

[6ly410]

 

[6ly410]

[screwball]

15 hours ago, 6ly410 said:

The House of Representatives reveals urgent measures to reduce the exchange rate of the dollar

Posted 45 seconds ago

 

The House of Representatives reveals urgent measures to reduce the dollar exchange rate - Iraq News (iraqakhbar-com.translate.goog)

news source /Iraq Today Agency

 

Baghdad - Iraq today:

A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed that the House of Representatives is seriously determined to pass all laws that touch the life of the citizen, and do not need political consensus, revealing that new measures will be taken soon to reduce the exchange rate of the dollar.

Al-Hamami said in a press statement, "We hope that the government of Prime Minister Muhammad Shia' al-Sudani will overcome all the failures that occurred in the previous budgets, and that they be approved within the next few days, because they directly affect the life of the citizen."

He added, "The House of Representatives will help the government in everything it wants to achieve, especially if it is good for the Iraqi people."

Al-Hamami continued, "The budget for the year 2023 will have many job grades," noting that "the budget law has not yet reached the House of Representatives, and it is expected to arrive within the next few days."

And he continued, "There is a parliamentary effort to add new legal paragraphs based on negotiation and understanding regarding deleting or adding some paragraphs to the draft budget law, and in agreement with the government to serve the Iraqi people, especially ending the file of lecturers in addition to providing job opportunities for graduates."

Noting that “members of Parliament are now working to put pressure on the current government and the central bank to change the exchange rate of the dollar in a way that suits the living reality.”

Al-Hamami indicated that "a parliamentary delegation will be formed to visit the Central Bank to negotiate a gradual decrease in the exchange rate of the dollar, due to its negative impact on the middle and poor classes."

I like it….leave the rate where it is just remove the three zeros from the rate

[screwball]

I love the talk….let’s see some action 

[rvmydinar]

On 11/17/2022 at 1:57 AM, jg1 said:

When I hear soon, I immediately vomit just a little bit in my mouth. Must be an ulcer.

This is iraq. Like it or not , We should get used to it cause Iraq is a master of BS and a liar and always give misleading articles to confuse the readers.

[rvmydinar]

On 11/17/2022 at 3:11 PM, screwball said:

I love the talk….let’s see some action 

Me too. That's what we have been waiting for almost 19 years.  However, they still prefer to steal more and more monies than to rv the dinar cause corruption is equal to easy money, no need to work so hard to earn lousy dollars.Therefore, we don't know when the corruption is going to end forever. When there is a chance and golden opoortunity, they won't miss stealing more monies. Who can combat the corruption? Well, That won't an easy task to clean them up.

[T B]

your right!    cant get no action , talk is cheap !

[6ly410]

Al-Rafidain: Our priorities are to simplify banking procedures and introduce modern technology

Sunday 20 , November 2022 18:04 |EconomicalViews: 103

Al-Rafidain: Our priorities are to simplify banking procedures and introduce modern technology (ninanews-com.translate.goog)

Baghdad/NinaThe Director General of Rafidain Bank, Mohammed Samir, said on Sunday that the priorities of the bank's work are to simplify banking procedures and introduce modern technology.
The media office of Rafidain Bank said in a statement, "Samir received the General Manager of Rasheed Bank Bassem Abdul Ali Youssef and during the meeting they discussed the mechanisms of joint cooperation between the two sides with regard to banking work and its development."

"The two sides stressed keeping pace with modern banking technology and promoting the banking sector in the country, which will reflect positively on the growth of the national economy," he said.

According to the statement, Mohamed Samir stressed "the need to improve the level of service performance provided to citizens and simplify banking procedures and facilities in line with the ministry's directions to overcome all obstacles and routine procedures that would hinder the completion of transactions."

[6ly410]

Directors of "Al-Rafidain and Al-Rasheed" emphasize keeping pace with modern technology and promoting the banking sector

 

Al-Eqtessad News Agency - Directors of "Al-Rafidain and Al-Rasheed" emphasize keeping pace with modern technology and promoting the banking sector (economy-news.net)

 

  

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Economy News - Baghdad

The Director General of Rafidain Bank, Muhammad Samir, said on Sunday that the priorities of the bank's work are to simplify banking procedures and introduce modern technology.

The media office of Rafidain Bank said in a statement, "The Director General of Rafidain Bank, Muhammad Samir, received the Director General of Al-Rasheed Bank, Bassem Abdul Ali Youssef, and during the meeting, they discussed the mechanisms of joint cooperation between the two sides with regard to banking work and its development."

"The two sides stressed keeping pace with modern banking technology and promoting the banking sector in the country, which will reflect positively on the growth of the national economy," he said.

According to the statement, Mohamed Samir stressed "the need to improve the level of service performance provided to citizens and simplify banking procedures and facilities in line with the ministry's directions to overcome all obstacles and routine procedures that would hinder the completion of transactions."
 

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107 views

Added2022/11/20 - 5:34 PM

Update2022/11/20 - 8:04 PM

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[Officiallytook]

Most confusion I've seen in awhile maybe they're gonna do it now 

[Half Crazy Runner]

2 hours ago, Officiallytook said:

Most confusion I've seen in awhile maybe they're gonna do it now 

[psdon]

talk the talk but can they  walk the walk

[Mammaw]

The old switch and bait. Which hand is the stone in. Nooo we won't change it for years! You might as well cash in!   

 

And the people will take up arms and then let's see if it changes... Hunnmm

[6ly410]

The US Treasury commends the procedures of the Central Bank of Iraq in combating money laundering

The US Treasury commends the procedures of the Central Bank of Iraq in combating money laundering (ninanews-com.translate.goog)

Sunday 27 November 2022 22:10 | EconomicalNumber of readings: 1008

Baghdad / NINA / - The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, affirmed his commitment to all international laws and instructions in the file of combating money laundering and terrorist financing, while the US Treasury Department praised those measures.

The Central Bank said in a statement that Mokhaif received, today, Sunday, Jesse Baker, Assistant Deputy Secretary of the US Treasury for Terrorism and Financial Crimes, and his accompanying delegation.

The statement added that during the meeting, they discussed bilateral cooperation between the two institutions and discussed the application of international standards in combating money laundering and terrorist financing, and the central bank’s commitment to them, in addition to applying due diligence from other government institutions in this file, referring to efforts to enhance financial inclusion and keep pace with the sector. Banking for global developments.

The President of the Central Bank of Iraq confirmed that the bank is committed to all international laws and instructions in the file of combating money laundering and terrorist financing, and was able to transfer Iraq from the status of enhanced follow-up to the regular follow-up in the Financial Action Corporation (FATF), in addition to removing it from the European Union’s list of high-level countries. Risks.

On the other hand, the US Treasury delegation praised the measures implemented by the Central Bank in combating money laundering and terrorist financing, through its use of the latest systems in this file, according to what was stated in the statement./ End 8

[6ly410]

Central Bank of Al-Furat News: No denomination of the Iraqi currency will be withdrawn and the 20,000 are in the design phase

 

• Time : 2022/11/29 12:29:46
• Central Bank of Al-Furat News: No denomination of the Iraqi currency will be withdrawn and the 20,000 are in the design phase - Al-Furat News (alforatnews.iq)

  

{Economic: Al-Furat News} The Central Bank of Iraq announced that the denomination of 20 thousand dinars is in the process of design and study.

The director of the bank's media office, Omar Assem, told Al-Furat News Agency: "The bank is still in the process of preparing to study, design and the extent of the impact of the new cash denomination on Iraqi society."
"It is too early to print the new category and launch it for trading in the near future," he added.
"The issuance of this paper will improve the national series of banknotes, as well as add an intermediate category to banknotes, and will facilitate monetary circulation among citizens," Assem said.
"None of the old denominations will be withdrawn, and this denomination will be added to the rest of the denominations in order to improve cash circulation, and the bank is in the process of understanding and agreeing with sober printing houses to choose the colors and security characteristics of the papers," he said.
The Governor of the Central Bank, Mustafa Makhif, revealed during his participation in the "Rafidain Forum for Dialogue" on September 27 last year the bank's intention to issue a new denomination of the Iraqi currency worth 20 thousand dinars (approximately $ 13) based on a study and comparative research with neighboring countries, and is working to complete the form of the paper, and in the coming days will be announced.
It is noteworthy that Iraq has - so far - 7 denominations of local currency issued by the Central Bank of Iraq: {250 dinars, 500 dinars, 1000 dinars, 5000 dinars, 10000 dinars, 25000 dinars and 50000 dinars}.

Raghad Daham

[6ly410]

Erbil, Kurdistan Region (GOV.KRD) - A Kurdistan Regional Government (KRG) delegation visiting Baghdad met on Monday with the Governor of the Central Bank of Iraq, Mustafa Ghalib.

Both sides stressed their cooperation in reorganizing the banking sector and continuing working towards setting up a national bank in the Kurdistan Region to serve its people.

The delegation, consisting of several Kurdish officials and the KRG’s Spokesperson Jotiar Adil, has held several meetings over the past two days addressing the pending issues between Erbil and Baghdad.

 

[6ly410]

 

[6ly410]