Iraq Banks Are Solid Thanks To Iraq Citizens Trust.

[Luigi1]

here's an article from Dinarland...

Iraq citizens trust in the banks increases.

Iraq banks are sound & solid.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

Bondlady’s Corner  via  TLM724:

ARTICLE:  To 96 Trillion.  The Association Of Banks Announces A “Rise” In Deposits In The Private Banking Sector.

The regional director of the Association of Iraqi Private Banks, Muhammad Handal, announced today, Monday, that deposits in the private banking sector have risen to 96 trillion dinars, while credit, cash & pledge loans amounted to 80 trillion.   Handal said, in a speech during his participation in the Banking Development Conference in Erbil & followed by the / National News Center / that “there are those who compare the external banking sector with the Iraqi sector, but is the work environment in Iraq in general, like the work environment abroad?”  

 

He added, “There are 15 million bank cards in Iraq, of all kinds, in addition to more than 1,600 sales centers & more than 15,000 exchange devices,” noting that “the number of electronic wallets amounted to more than 2 million wallets, which helped expand financial inclusion in the country by 33%.   And he explained that “the Central Bank took the initiative during the past years to build a strong, sound & stable system, which has a very big role in achieving financial & economic stability. in addition to the methodology adopted by the Central Bank of Iraq & applied by banks & electronic defense companies, which resulted in work under a legislative, regulatory & legal umbrella.” sound.”

 

[Luigi1]

URGENT:  here's another article related to the above...

IQD is now one of the strongest international currencies in the world yet has not gone into international circulation.

 

 

Clare:

Article:  “The CBI has announces that its cash reserves have exceeded the $90 billion mark”  Quote:  “The Iraqi currency is now witnessing a significant rise & recovery, as it is considered one of the strong international currencies, although it is not an international currency for circulation,”

 

[Luigi1]

here's  some article related to the above...

The IQD rated changes but is going in the wrong direction...

 

 

ARTICLE:  The Dollar Is Close To 151 Thousand Dinars On The Baghdad Stock Exchange.

The exchange rates of the US dollar against the Iraqi dinar continued to rise today, Wednesday, in the main stock exchange in the capital, Baghdad, to approach 151,000 dinars.

 

The News report said that the central Al-Kifah & Al-Harithiya stock exchanges in Baghdad recorded, at 1:40 pm, 150,750 Iraqi dinars for 100 US dollars.   While the prices this morning at the opening were 150,200 Iraqi dinars for 100 US dollars.   Our correspondent indicated that the buying and selling prices increased in the exchange shops in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars for every 100 US dollars, while the buying prices reached 150,000 Iraqi dinars for every 100 US dollars. 

 

 

from other sources...It's Official...the 2022 Budget is not open for discussion until early 2023.

ARTICLE:  Parliamentary Finance:  The Budget Will Reach Parliament Early Next Year.

The Finance Committee in the House of Representatives set, on Wednesday, the date for the arrival of the draft federal budget law to Parliament, while explaining the reasons for the delays in completing its project so far with the government.   Committee member Mueen Al-Kadhimi said, “The draft budget will reach Parliament early next year, as it has not yet been completed by the Ministries of Finance & Planning due to the high claims that have arrived from ministries & provinces, amounting to 222 trillion dinars & need to be reviewed & amended.”

 

[Luigi1]

here's some more articles related to the above...what's going on around this place???  Yesterday CBI announced it will introduce more USD into the Iraq economy...today they announced the end of USD buying & selling at the street vendor level due to the unstable Dollar...

 

 

 

TNT  via  Tishwash:  Local Money Changers Stop Buying & Selling The Dollar In Iraq.

ARTICLE:  A source said, today, Wednesday, that the sale & purchase of the dollar in the Iraqi local money exchanges has stopped.

The source told (Iraqi Media News Agency / INA) that “the local money changers have stopped buying & selling the dollar, due to the instability of the dollar’s exchange rates on the Iraqi stock market.”   It is noteworthy that the selling prices of the dollar were recorded yesterday, 149,600 dinars per 100 dollars, while the buying prices of the dollar were recorded at 149,500 dinars per 100 dollars.   Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars.   

 

TP40: 

ARTICLE:  How are we looking on the changes in the rate?  Do you think there will be a change later this week or early next week as Tony mentioned?

Yada:  Tp40, the article on Monday stated end of this week.   Pearle:  Am I the only one that thinks purchasing currency, delays the RV   Yada:  The sellers of the currency sit and what what the governments do so they just provide a service.  And after the RI of the dinar, they will continue to sell but at higher rates and I would imagine their sales will decrease.

Tishwash:  The CBI & the International Monetary Fund are discussing bilateral cooperation   Today, Wednesday, the CBI discussed with the International Monetary Fund mission aspects of bilateral cooperation & its development.   The media office of the Central Bank stated, in a statement received by the Iraqi News Agency (INA), that “the Governor of the CBI, Mustafa Ghaleb Makhaif, received the Minister of Finance, Taif Sami & the International Monetary Fund mission that is currently visiting the capital, Baghdad.”