Government spokesman: New measures will be launched to protect the Iraqi currency and modernize the financial system

[6ly410]

Government spokesman: New measures will be launched to protect the Iraqi currency and modernize the financial system

 

Posted 16 seconds ago

 Government Spokesman: New measures will be launched to protect the Iraqi currency and modernize the financial system - Iraq News (iraqakhbar-com.translate.goog)

News Source /First News Agency

Iraqi government spokesman for Al-Awadi said on Monday that Prime Minister Mohammed Shia Al-Sudanese has a determination to regulate the market and the trade process, while pointing out that new packages and measures will be launched to protect the Iraqi currency and modernize the financial system.

Al-Awadi said in a statement to the official channel followed by (Al-Oula News): “The visit of the Iraqi delegation to Washington was important,” noting, “Iraq welcomes the relationship with the United States and tries to strengthen it in many areas."

He added, "The discussions that took place in Washington focused on economic cooperation, the energy sector, and climate change, as the US administration welcomed the Iraqi efforts to enact economic reforms, and the American side emphasized the government's continuous efforts to protect the banking system, which is a tribute to the firm measures taken by the Iraqi government." About the exchange rate and work together to modernize the financial system.

He continued, "There is a congruence in understanding the importance of seeking energy independence, as the Iraqi and American sides decided to accelerate efforts to extract associated gas," pointing out, "The American side praised Iraq's commitment to electrical interconnection projects, and it was also agreed that Iraq would publish a comprehensive strategy to confront Climate change".

Al-Awadi stated, "The Iraqi delegation discussed the water crisis in Iraq, and the possibility of Iraq opening up to American private sector companies," explaining, "The American side indicated that the American embassy had begun to grant visas to non-immigrants."

He stressed, "All these points were discussed seriously, and their details will be agreed upon soon," pointing out, "The Iraqi and American sides agreed on a set of measures to modernize the financial system, and there will be joint action and the launch of new packages and laws with the aim of protecting the Iraqi currency."

And Al-Awadi indicated that “Prime Minister Muhammad Shia’a Al-Sudani insisted on regulating the Iraqi market and the trade process in a new way,” stressing that “the government is determined to correct it through a package of measures that began since last November.”

 

[6ly410]

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[6ly410]

 

Finance: We are working to evaluate the banking system

Posted 28 seconds ago

 

Finance: We are working on straightening the banking system – Al-Oula News Agency (www-awla-news.translate.goog)

 

Undersecretary of the Ministry of Finance, Masoud Haidar, confirmed work to straighten out the banking system to be able to mobilize financial resources.

A statement by the Ministry of Finance, which was received by (Al-Oula News), stated that “The Undersecretary of the Ministry of Finance, Masoud Haider, chaired today, Monday, an expanded meeting to follow up on the implementation of the government program, in the presence of the advanced staff in the ministry and its departments. In the departments, bodies and banks affiliated with the Ministry and the extent to which the achievements are consistent with what is planned within the government program.

Haider stressed, according to the statement, the importance of proceeding with the implementation of the plans prepared within the program to develop the work of the customs and tax sectors, and the completion of the implementation of the project to automate the two sectors, as they are among the vital sectors that contribute to supporting the pillars of the national economy, along with the oil sector and the rest of the other sectors.

Regarding improving the work of the banking sector, Al-Wakil explained, “We are working on evaluating the banking system to be able to mobilize financial resources, reallocate them and improve their efficiency to serve economic activity, and work to modernize and strengthen it by bringing about changes in the banking industry, restructuring and crystallizing it to become more comprehensive for change and reform and to lay the foundations A stable and pivotal financial economy.

 

[6ly410]

Undersecretary of the Ministry of Finance: We are working to evaluate the banking system to be able to mobilize financial resources and reallocate them to serve economic activity

Monday 20, February 2023 22:49 |EconomicalViews: 50

Undersecretary of the Ministry of Finance: We are working to evaluate the banking system to be able to mobilize financial resources and reallocate them to serve economic activity (ninanews-com.translate.goog)

Bagdad (Nina) - Undersecretary of the Ministry of Finance Masoud Haidar said on Monday that work is being done to evaluate the banking system to be able to mobilize financial resources, reallocate them and improve their efficiency to serve economic activity. According to a statement by the Ministry of Finance, Haider chaired, on Monday, an expanded meeting to follow up the implementation of the government program, in the presence of the advanced staff in the ministry and its departments, and during the meeting was the diagnosis of the most important obstacles and stand on the obstacles and overcome them and see the stages of achievement in the departments, bodies and banks of the ministry and the extent to which the achievements are consistent with what is planned within the government program.

According to the statement, the Undersecretary stressed the importance of proceeding with the implementation of the plans prepared within the program to develop the work of the customs and tax sectors and the completion of the implementation of the project to automate the two sectors, as they are Vital sectors that contribute to supporting the pillars of the national economy along with the oil sector and the rest of the other sectors.
Regarding improving the work of the banking sector, the Undersecretary explained, according to the statement, “We are working to evaluate the banking system to be able to mobilize financial resources, reallocate them and improve their efficiency to serve economic activity, and work to modernize and strengthen it by making changes in the banking industry, restructuring and crystallizing it to become more inclusive of change and reform and to lay the foundations of a stable and pivotal financial economy.”
 

[Gypsygirl11]

I don't understand how they're changing their financial system. What are they going crypto, digital? I'm probably way off base.

[6ly410]

Disclosure of government measures to protect the currency and modernize the financial system

Today 22:15

Government measures unveiled to protect currency and modernize the financial system | Information (almaalomah-me.translate.goog)

Information/Baghdad...

Iraqi government spokesman for Al-Awadi said on Monday that Prime Minister Mohammed Shia Al-Sudanese has a determination to regulate the market and the trade process, while pointing out that new packages and measures will be launched to protect the Iraqi currency and modernize the financial system.

Al-Awadi said in a statement to state television and followed the information that "the visit of the Iraqi delegation to Washington was important," noting that "Iraq welcomes the relationship with the United States and tries to strengthen it in many areas."

He added, "The talks that took place in Washington focused on economic cooperation, the energy sector, and climate change, as the US administration welcomed the Iraqi efforts to enact economic reforms, and that the US side emphasized the government's continuous efforts to protect the banking system, which is a tribute to the firm measures taken by the Iraqi government." about the exchange rate and work together to modernize the financial system.

He continued, "There is a congruence in understanding the importance of seeking energy independence, as the Iraqi and American sides decided to accelerate efforts to extract associated gas," pointing out, "The American side praised Iraq's commitment to electrical interconnection projects, and it was also agreed that Iraq would publish a comprehensive strategy to confront Climate change".

Al-Awadi said that "the Iraqi delegation discussed the water crisis in Iraq, and the possibility of opening Iraq to American private sector companies," explaining that "the American side indicated that the US embassy began granting visas to non-immigrants."

He stressed that "all these points have been discussed seriously and their details will be agreed upon soon," pointing out that "the Iraqi and American sides agreed on a set of measures to modernize the financial system, and there will be joint work and the launch of new packages and laws with the aim of protecting the Iraqi currency."

Al-Awadi pointed out that "Prime Minister Mohammed Shia Al-Sudani has a determination to organize the Iraqi market and the trade process in a new way," stressing, "The government is determined to correct through the package of measures that began last November .” Finished 25n

[6ly410]

Government spokesman for Al-Awadi: Prime Minister Mohammed Shia Al-Sudani has a determination to regulate the market and the trade process, while pointing out that new packages and measures will be launched to protect the Iraqi currency and modernize the financial system

[screwball]

2 hours ago, 6ly410 said:

confirmed work to straighten out the banking system to be able to mobilize financial resources.

 

1 hour ago, 6ly410 said:

while pointing out that new packages and measures will be launched to protect the Iraqi currency and modernize the financial system

I would say this is one of the hold ups....maybe private banks are NOT ready

[screwball]

2 hours ago, Gypsygirl11 said:

I don't understand how they're changing their financial system. What are they going crypto, digital? I'm probably way off base.

digital possibly...managed float against basket....gold backed real possibility