Official: CBI News 02/11/2023

[6ly410]

Central Bank. US parties express their readiness to face the challenges of working with the electronic platform for remittances and cash / expanded

Saturday 11, February 2023 19:36 |EconomicalViews: 123

Central Bank. US parties express their readiness to face the challenges of working with the electronic platform for remittances and cash / expanded (ninanews-com.translate.goog)

Baghdad /Nina/ The delegation of the Central Bank of Iraq met for long hours with the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, DC According to a statement by the bank, the two parties expressed their readiness to work together to meet the challenges of working on the electronic platform for remittances and cash.

The delegation of the US Federal Reserve Bank and the US Treasury Department discussed a number of support mechanisms for the Central Bank of Iraq to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Reserve confirmed that the measures of the Central Bank of Iraq are in the right direction to build a solid banking sector.
The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Mohammed Shia Al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.

The meeting listened to a presentation by the Governor of the Central Bank of Iraq on the bank's directions in achieving its most important objectives to ensure general stability in prices, options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that will enhance the stability of the exchange rate./End3

[6ly410]

Iraqi #محافظ_البنك_المركزي Ali Mohsen Ismail announces the bank's intention to launch the second package of facilities that will enhance the stability of the #سعر_الصرف

 

[rvmydinar]

1 minute ago, 6ly410 said:

Iraqi #محافظ_البنك_المركزي Ali Mohsen Ismail announces the bank's intention to launch the second package of facilities that will enhance the stability of

Just wonder , what would the second package be?? Hmmm A second RV??

[6ly410]

1 minute ago, rvmydinar said:

Just wonder , what would the second package be?? Hmmm A second RV??

[6ly410]

The Central Bank of Iraq meets with the US Federal Reserve Bank and the US Treasury Department at the same time

  Central Bank of Iraq | The Central Bank of Iraq meets with the US Federal Reserve Bank and the US Treasury Department at the same time (cbi.iq)

 February 11, 2023

 

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On Friday, 2023/2/10, the delegation of the Central Bank of Iraq met for long hours with the delegation of the US Federal Reserve Bank and the US Department of the Treasury in Washington, D.C.
The two parties expressed their readiness to work together to meet the challenges of working on the electronic platform for remittances and cash.
The delegation of the US Federal Reserve Bank and the US Department of the Treasury discussed a number of support mechanisms for the Central Bank of Iraq to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Reserve confirmed that the measures of the Central Bank of Iraq are in the right direction to build a solid banking sector.
The Assistant Deputy Secretary of the US Treasury indicated ways of full support for the efforts of the government of Iraqi Prime Minister Mr. Mohammed Shia Al-Sudani in economic reform, and the readiness of the US Department of the Treasury to provide the required support.
The meeting listened to a presentation by the Governor of the Central Bank of Iraq on the bank's directions in achieving its most important objectives to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that will enhance the stability of the exchange rate.

Central Bank of Iraq
Media
Office 2023/2/11

[6ly410]

Baghdad today reveals the details of the second package that the Central Bank will launch to stabilize the dollar - urgent

Economy | Today, 20:59 | 

Baghdad today reveals the details of the second package that will be launched by the Central Bank to stabilize the dollar - Urgent » Baghdad Today News Agency

    

Baghdad Today - Special

An informed banking source revealed on Saturday the details of the second package of central bank measures to ensure the stability of the exchange rate.

The source said in an interview with (Baghdad Today), that "the Central Bank aims to sell dollars to citizens symbolically, not exceeding (1000-2000) dollars only per month."

The source added, "The Islamic World Bank (supported) by the Governor of the Central Bank, Ali Mohsen Al-Alaq, had launched this initiative before Al-Alaq assumed the position of governor," noting that "the initiative was done non-publicly, which provoked the anger of the former governor, Mustafa Ghaleb Makhif," after that "discussions took place at a high level within the corridors of the Prime Minister's Office that led to the appointment of Al-Alaq to officially launch his initiatives," pointing out that "Al-Alaq made this procedure as a (final measure) in the event that Control with the first actions."

The source continued, "These facilities will be through direct sales to citizens wishing to buy dollars, other than travel or treatment."

Earlier, the governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, confirmed the bank's intention to launch the second package of facilities to ensure the stability of the exchange rate.

[6ly410]

goo RVVVV!!!

[yusofsabri]

The second package could be to delete three zeroes.

[6ly410]

Do you think there's a good expression? . An Iraqi artist has thus expressed Sudanese efforts to raise the value of the dinar against the dollar.

[Longtimelurker]

10 minutes ago, 6ly410 said:

Do you think there's a good expression? . An Iraqi artist has thus expressed Sudanese efforts to raise the value of the dinar against the dollar.

I like it!

[keylime]

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time

February 11, 2023

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time
On Friday, corresponding to 10/2/2023, the Central Bank of Iraq delegation met for long hours with both the US Federal Reserve Bank delegation and the US Treasury Department in Washington, DC.
The two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.
The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support system" rel="">support mechanisms for the Central Bank of Iraq, in order to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Bank confirmed that the Central Bank of Iraq’s measures are in the right direction to build a solid banking sector.
Mr. Assistant Deputy Secretary of the US Treasury showed ways to fully support system" rel="">support the efforts of the government of Iraqi Prime Minister Mr. Muhammad Shia’ Al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support system" rel="">support.
The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank’s directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate.

Central Bank of Iraq
Media Office
11/2/2023

cbi.iq/news/view/2236

[screwball]

1 hour ago, keylime said:

confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate.

Yep….we wait 

[southbeach]

1 hour ago, keylime said:

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time

February 11, 2023

The Central Bank of Iraq meets the US Federal Reserve Bank and the US Treasury at the same time
On Friday, corresponding to 10/2/2023, the Central Bank of Iraq delegation met for long hours with both the US Federal Reserve Bank delegation and the US Treasury Department in Washington, DC.
The two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.
The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support system" rel="">support mechanisms for the Central Bank of Iraq, in order to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Bank confirmed that the Central Bank of Iraq’s measures are in the right direction to build a solid banking sector.
Mr. Assistant Deputy Secretary of the US Treasury showed ways to fully support system" rel="">support the efforts of the government of Iraqi Prime Minister Mr. Muhammad Shia’ Al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support system" rel="">support.
The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank’s directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate.

Central Bank of Iraq
Media Office
11/2/2023

cbi.iq/news/view/2236

Nice find

[Fairways&Greens]

So much energy and resource going into this meeting with Treasury and Federal Reserve. I find it hard to believe all of this collaboration for just a move to 1300. Gotta be bigger stuff coming.
 

We wait. 

Edited February 12, 2023 by Fairways&Greens

[southbeach]

2 minutes ago, Fairways&Greens said:

So much energy and resource going into this meeting with Treasury and Federal Reserve. I find it hard to believe all of this collaboration for just a move to 1300. Gotta be bigger stuff coming.
 

We wait. 

 

[Caye98]

Expect a further rise in IQD closer to 1000 early this week (a further move to get Iraqi citizens to exchange USD for IQD prior to the RI  intentions announced earlier this month).

[SONIA1]

2 minutes ago, Caye98 said:

Expect a further rise in IQD closer to 1000 early this week (a further move to get Iraqi citizens to exchange USD for IQD prior to the RI  intentions announced earlier this month.

Are you sure? 😆 🤣 😂 

[Caye98]

Make up your own mind. I follow the published news. If you have, you will be familiar with the comments made by Iraqi government.

[Fairways&Greens]

13 hours ago, yota691 said:

The agreement with international banks will reduce currency smuggling from Iraq and improve the price of the dinar

Agreement. International. Dinar. 
 

All good news!

[screwball]

1 hour ago, SONIA1 said:

Are you sure? 😆 🤣 😂 

As sure as sure can be! 😂🙏

[southbeach]

10 hours ago, 6ly410 said:

go RV 

Come RV.  Love you man.

[screwball]

15 hours ago, 6ly410 said:

 

And what system do they use for this? Swift

[screwball]

7 hours ago, yusofsabri said:

The second package could be to delete three zeroes.

Part of it….yes possibly….

[Caye98]

I am more comfortable looking forward to a positive movement in the IQD next week, with a potentially much greater reward by the end of the month (or before Ramadan March 23rd) than picking a team in the Super Bowl tomorrow. 

[alan14]

Soon