WB Holds Meetings Discusses ER In Iraq.

[Luigi1]

Here's an article from Dinarland...

WB holds meetings to discuss ER in Iraq.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

Clare: 

ARTICLE:   Planning & the World Bank are discussing three important files, including financial reform.   

Deputy Prime Minister – Minister of Planning, Muhammad Ali Tamim, discussed today, Sunday, with the World Bank Vice President for the Middle East & North Africa, Farid Belhaj, 3 important files, including financial reform.

 

A statement from his office, which the news received a copy of, stated that: “During the meeting, which was attended by John Kristoff, the Regional Director for the Levant Countries, Paul Numba, Richard Abdel Nour, the Special Representative of the World Bank Mission in Iraq & the Director General of International Cooperation in the Ministry, Saher Abdel Kazim & a number of officials took place.  Exchanging views on a number of issues related to the role of the World Bank in supporting development efforts in Iraq.    

 

He added, “especially with regard to the work of the Recovery Fund, the Social Fund for Development & carrying out financial reform.”

 

 

Frank26:

ARTICLE:  “With the participation of Iraq, the Chinese president will visit Saudi Arabia on Thursday to attend a joint summit”  IRAN NEEDS IRAQ’S CURRENCY & CHINA NEEDS IRAQ’S OIL BOTH ARE GREAT FOR THE IQD EXCHANGE RATE.

 

[coorslite21]

Xi was in SA last week..  

 

[Luigi1]

40 minutes ago, coorslite21 said:

Xi was in SA last week..  

 

 

Saudi Arabia & Iraq approved to exclude the US from the Middle East-China Economic & Trade Forum.

Originally it was designed to be an international event.

 

[Luigi1]

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

There's more exchange rate talk due to iraq inflation.

 

 

Clare:

Article:  “The talk of the exchange rate invades the Iraqi sessions & the currency auction is the window for whitening the dollar”  Quote:  “The talk of the exchange rate of the dollar has become the most prominent one being circulated by Iraqis who are disaffected by the continued escalation of prices.”

 

[Luigi1]

here's another article related to the above...financier Salih indicates the strengthening of the USD against the IQD may not have come to an end...the IQD can drop further in value...

 

 

 

Bond Lady's Corner  via  Tlm724:   

ARTICLE:  The Rise In The Price Of The Dollar Is Temporary.

The financial expert, Mazhar Muhammad Salih, confirmed: The rise in the price of the dollar is temporary, until private banks practice the rules of international compliance in the transfer for the benefit of the beneficiaries.

 

He told the news that the rises that occurred are a temporary phenomenon dictated by regulatory conditions in the procedures for conducting external transfer requests (submitted by local banks) on foreign currency.  Saleh added: It was worked a while ago on an advanced (electronic platform) that links the request for transfers by banks with correspondents from international banks & the relevant global compliance bodies at the same time.  He explained: The new procedures have restricted the supply of foreign currency temporarily, which requires a simple adjustment period in order for private banks to practice global compliance rules in transferring for the benefit of beneficiaries from foreign trade financing operations to the private sector.

 

[ronscarpa]

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