Official: CBI News 04/12/2023

[yota691]

The Governor of the Central Bank of Iraq meets the US Assistant Secretary of the Treasury in Washington

 

  

April 12, 2023

 

---

---

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Allaq, met today, Wednesday, with the US Assistant Secretary of the Treasury, Mr. "Brian Nelson", on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.
The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate.
His Excellency the Governor confirmed that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps agreed upon during the meeting, within a short period.

 

Central Bank of Iraq
Media Office
12 - April - 2023

[yota691]

An agreement to be implemented in the coming days.

The results of the Iraqi delegation's meeting with the International Monetary Fund and the World Bank in Washington

2023.04.12 - 09:41

 

  

Baghdad - people  

The Central Bank announced, on Wednesday, that the Iraqi delegation held a meeting with the International Monetary Fund and the World Bank in Washington.  

  

  

The Central Bank said in a statement, which “NAS” received a copy of, (April 12, 2023), that “the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank in the American capital, Washington, began with the presence of the Governor of Iraq in the Fund, Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, and Minister of Finance Taif Sami. and their accompanying technical delegation.  

  

He added, "It was discussed that Iraq is heading towards holding a (non-financial) program that includes the Fund providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability."  

  

He pointed out, "It was agreed to prepare a draft agreement on the program and start implementing it in the coming days."  

  

Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve stability in the exchange rate in accordance with international practices, and the Iraq agreement with the International Monetary Fund, which was ratified by the Iraqi Parliament in 2008."  

[yota691]

Al-Alaq and the Assistant Secretary of the US Treasury agree to implement facilitating steps for financial transfers

2023.04.12 - 10:35

 

Baghdad - people  

Central Bank Governor Ali Mohsen Al-Alaq met, on Wednesday, Assistant US Treasury Secretary Brian Nelson.  

  

 

  

And the media office of the central bank governor stated in a statement that “NAS” received a copy of it, (April 12, 2023), that “Al-Alaq met with US Assistant Secretary of the Treasury Brian Nelson on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.”  

  

And he explained, "The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate."  

  

And the governor confirmed that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps agreed upon during the meeting, within a short period."  

[yota691]

The Central Bank and the US Treasury discuss procedures for financial transfers within a short period

• Time: 04/12/2023 08:52:09
•  
• Read: 1,859 times

  

{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today, Wednesday, with the US Assistant Secretary of the Treasury, "Brian Nelson" on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, while the two sides discussed facilitating financial transfer procedures within a short period.

 

And the Central Bank media stated in a statement, received by {Euphrates News}, that "the two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate." 

 

The governor confirmed, according to the statement, that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitating steps agreed upon during the meeting, within a short period." 

[yota691]

Iraq announces the agreement with the International Monetary Fund and the World Bank to suppor t economic reform

2023-04-12 02:02

 

 

Shafaq News / Iraq announced, on Wednesday, an agreement with the International Monetary Fund and the World Bank to hold a "non-financial" program that includes providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

 

This came during the meeting of the Iraqi delegation with the International Monetary Fund and the World Bank, in the presence of the Governor of the Central Bank of Iraq, Ali Al-Alaq, the Minister of Finance, Taif Sami, and the technical delegation accompanying them, in the American capital, Washington, according to a statement received by Shafaq News Agency.

 

 

Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve stability in the exchange rate in accordance with international practices, and the Iraq agreement with the International Monetary Fund, which was ratified by the Iraqi Parliament in 2008."

 

Earlier in the day, the US Treasury Department showed "great flexibility and willingness" to help the Central Bank of Iraq achieve stability in the exchange rate of the dollar against the dinar.

[yota691]

The US Treasury announces its readiness to assist the Iraqi Central Bank in stabilizing the exchange rate

2023-04-12 01:52

 

 

Shafaq News/ The US Treasury Department showed, on Wednesday, "great flexibility and willingness" to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

 

This came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, today, with US Assistant Secretary of the Treasury Brian Nelson, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to a statement issued by the media office of the Central Bank received by Shafaq News Agency.

 

 

The statement said that the two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, indicating that the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate.

 

The statement quoted the governor as confirming that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitating steps agreed upon during the meeting, within a short period.

 

Today, Wednesday, in the US capital, Washington, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began, in the presence of Al-Alaq and Finance Minister Taif Sami.

[yota691]

The Central Bank: The US Treasury has shown great willingness to assist us in efforts to achieve exchange rate stability

 

money and business
   

Economy News - Baghdad
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met, on Wednesday, with US Assistant Secretary of the Treasury Brian Nelson, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.

 

The two parties discussed, according to a statement by the Central Bank, "facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate."

 

Al-Alaq confirmed that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps agreed upon during the meeting, within a short period."

 

---

Views 179

Added 04/12/2023 - 9:05 AM

[JonnyV]

44 minutes ago, yota691 said:

The Central Bank and the US Treasury discuss procedures for financial transfers within a short period

• Time: 04/12/2023 08:52:09
•  
• Read: 1,859 times

 

 

 

Sitting a little close huh guys?

[Laid Back]

Just Follow the money  💵💵💵💵💵💵💵💵💵💵💵💵💵

 

Go Stronger Dinar $1+

[rvmydinar]

2 hours ago, JonnyV said:

 

Sitting a little close huh guys?

For more intimate relationship?

[horsesoldier]

Drinking buddies, huh.

[keylime]

The US Treasury announces its readiness to assist the Iraqi Central Bank in stabilizing the exchange rate

The US Treasury announces its readiness to assist the Iraqi Central Bank in stabilizing the exchange rate

2023-04-12 22:52

Shafaq News/ The US Treasury Department showed, on Wednesday, “great flexibility and willingness” to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

This came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, today, with US Assistant Secretary of the Treasury Brian Nelson, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to a statement issued by the media office of the Central Bank received by Shafaq News Agency.

The statement said that the two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, indicating that the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate.

The statement quoted the governor as confirming that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitating steps agreed upon during the meeting, within a short period.

Today, Wednesday, in the US capital, Washington, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began, in the presence of Al-Alaq and Finance Minister Taif Sami.

shafaq.com

[screwball]

very exxciting times.....

[6ly410]

 

Relationship.. We agreed with the US Treasury to expand foreign transfer channels

Posted 13 seconds ago

Relationships.. We agreed with the US Treasury to expand external transfer channels - Iraq news (iraqakhbar-com.translate.goog)

  

News Source /Independent Press Agency

 

The Governor of the Central Bank of Iraq Ali Al-Alaq confirmed on Thursday that Iraq is on alert to adjust the exchange rate of the dinar, stressing the government's commitment not to reach the dollar exchange rate to countries that the United States prohibits dealing with the US currency.

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the IMF in Washington, reported by "Bloomberg" and his independent follow-up, that the US requirements to control transfers "do not classify them as restrictions." , but all that is required is the application of the Money Laundering and Anti-Terrorism Act.”

"We are on alert in the central bank to adjust the dinar exchange rate," he said, explaining that this problem "is not related to an internal financial crisis, but rather to pre-audit procedures for foreign hard currency transfers."

He added that “external transfers through the platform” multiplied very quickly, which created a balance of supply and demand for the dollar. He disclosed, “The US Treasury agrees with us on the need to expand external transfer channels.”

He stressed that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection for the banking and financial system from illegal or suspicious operations, and supports the implementation of the law on combating money laundering and terrorist financing and related instructions."

With regard to structuring banks, the governor of the Central Bank of Iraq, Ali Al-Alaq, pointed out that “the target of structuring banks is government banks that represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the central bank to reform the banking sector,” revealing that all options are available for structuring the sector. and its development, “including mergers.”

Yesterday, Wednesday, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began in the US capital, Washington, in the presence of Al-Alaq and Finance Minister Taif Sami.

And the US Treasury Department showed “great flexibility and willingness” to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

The post Al-Alaq.. We agreed with the US Treasury to expand external transfer channels appeared first on The Independent Press Agency.

[6ly410]

 

Relationship.. The Iraqi government has a commitment not to reach the dollar to the countries that are present

Posted 8 seconds ago

 

Al-Alaq.. The Iraqi government has an obligation not to reach the dollar to the attended countries - Iraq News (iraqakhbar-com.translate.goog)

 

News Source /Independent Press Agency

 

The Governor of the Central Bank of Iraq, Ali Al-Alaq, that Iraq is on alert to adjust the exchange rate of the dinar, stressing the government's commitment not to reach the dollar exchange rate to the countries that the United States prohibits dealing with the American currency.

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the IMF in Washington, reported by "Bloomberg" and its independent follower on Thursday, that the US requirements to control transfers "do not classify them as restrictions." , but all that is required is the application of the Money Laundering and Anti-Terrorism Act.”

"We are on alert in the central bank to adjust the dinar exchange rate," he said, explaining that this problem "is not related to an internal financial crisis, but rather to pre-audit procedures for foreign hard currency transfers."

He added that “external transfers through the platform” multiplied very quickly, which created a balance of supply and demand for the dollar. He disclosed, “The US Treasury agrees with us on the need to expand external transfer channels.”

He stressed that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection for the banking and financial system from illegal or suspicious operations, and supports the implementation of the law on combating money laundering and terrorist financing and related instructions."

With regard to structuring banks, the governor of the Central Bank of Iraq, Ali Al-Alaq, pointed out that “the target of structuring banks is government banks that represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the central bank to reform the banking sector,” revealing that all options are available for structuring the sector. and its development, “including mergers.”

Yesterday, Wednesday, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began in the US capital, Washington, in the presence of Al-Alaq and Finance Minister Taif Sami.

And the US Treasury Department showed “great flexibility and willingness” to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

[6ly410]

Central Bank Governor: We are on alert to adjust the exchange rate of the dinar

 

 

The Governor of the Central Bank Ali Al-Alaq, on Thursday, the government's commitment not to reach the dollar exchange rate to the countries that the United States prohibits dealing with the American currency with them, pointing out that Iraq is on alert to adjust the exchange rate of the dinar.

 

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the IMF in Washington, reported by "Bloomberg" and seen by NRT Arabia, that "the US requirements to control transfers are not classified as restrictions, but all that is required is the application of the law on money laundering and combating terrorism."

 

He added, "We are on alert in the Central Bank to adjust the exchange rate of the dinar," explaining that "this problem is not related to an internal financial crisis, but rather related to the procedures for pre-auditing foreign transfers of hard currency."

 

Al-Alaq explained that "external transfers through the platform "doubled very quickly, which created a balance in supply and demand for the dollar," revealing that "the US Treasury agrees with us on the need to expand external transfer channels."

 

He stressed that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection to the banking and financial system from illegal or suspicious operations, and supports the application of the Anti-Money Laundering and Combating the Financing of Terrorism Law and its related instructions."

 

With regard to the structuring of banks, Al-Alaq pointed out that "the target of structuring banks are government banks, which represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the Central Bank to reform the banking sector," revealing that "all options are available to structure and develop the sector, including mergers."

 

On Wednesday, the US Treasury Department showed great flexibility and readiness to help the Central Bank of Iraq stabilize the exchange rate of the dollar against the dinar.

 

The media office of the Central Bank said in a statement received by NRT Arabia, a copy of it, that "this came during the meeting of the Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, today, with US Assistant Secretary of the Treasury Brian Nelson on the sidelines of the annual meetings of the IMF and the World Bank."

 

The statement added, "The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and readiness to assist the Central Bank of Iraq in its efforts to achieve exchange rate stability."

 

The Governor of the Central Bank, according to the statement, that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement facilitative steps agreed upon during the meeting, within a short period."

 

In the same context, it was agreed with the International Monetary Fund and the World Bank to hold a "non-financing" program that includes the Fund's provision of technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

 

The meetings of the Iraqi delegation with the IMF and the World Bank began in Washington, D.C., in the presence of the Governor of Iraq in the Fund, Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, and Minister of Finance Taif Sami, and the accompanying technical delegation.

 

He explained that "the meeting witnessed a discussion of Iraq's orientation towards holding a program (non-financing) that includes the provision of technical and advisory support to the economic reform adopted by the Iraqi government in achieving financial and monetary stability," pointing out that "it was agreed to prepare a draft agreement on the program and start implementing it in the coming days."

 

According to the statement, Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve exchange rate stability in accordance with international practices, and Iraq's agreement with the International Monetary Fund, which was ratified by the Iraqi Council of Representatives in 2008."

 

[6ly410]

[6ly410]

 

Governor of the Bank: Iraq is on alert to control the exchange rate of the dinar

Posted 6 seconds ago
 

news source /Iraqi media news agency "INA"

 

/ Governor of the Bank: Iraq is on alert to control the exchange rate of the dinar - Iraq News (iraqakhbar-com.translate.goog)

The Governor of the Central Bank Ali Al-Alaq, on Thursday, the government's commitment not to reach the dollar exchange rate to the countries that the United States prohibits dealing with the American currency with them, pointing out that Iraq is on alert to adjust the exchange rate of the dinar.

 

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the IMF in Washington, reported by "Bloomberg" and seen by NRT Arabia, that "the US requirements to control transfers are not classified as restrictions, but all that is required is the application of the law on money laundering and combating terrorism."

 

He added, "We are on alert in the Central Bank to adjust the exchange rate of the dinar," explaining that "this problem is not related to an internal financial crisis, but rather related to the procedures for pre-auditing foreign transfers of hard currency."

 

Al-Alaq explained that "external transfers through the platform "doubled very quickly, which created a balance in supply and demand for the dollar," revealing that "the US Treasury agrees with us on the need to expand external transfer channels."

 

He stressed that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection to the banking and financial system from illegal or suspicious operations, and supports the application of the Anti-Money Laundering and Combating the Financing of Terrorism Law and its related instructions."

 

With regard to the structuring of banks, Al-Alaq pointed out that "the target of structuring banks are government banks, which represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the Central Bank to reform the banking sector," revealing that "all options are available to structure and develop the sector, including mergers."

 

On Wednesday, the US Treasury Department showed great flexibility and readiness to help the Central Bank of Iraq stabilize the exchange rate of the dollar against the dinar.

 

The media office of the Central Bank said in a statement received by NRT Arabia, a copy of it, that "this came during the meeting of the Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, today, with US Assistant Secretary of the Treasury Brian Nelson on the sidelines of the annual meetings of the IMF and the World Bank."

 

The statement added, "The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and readiness to assist the Central Bank of Iraq in its efforts to achieve exchange rate stability."

 

The Governor of the Central Bank, according to the statement, that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement facilitative steps agreed upon during the meeting, within a short period."

 

In the same context, it was agreed with the International Monetary Fund and the World Bank to hold a "non-financing" program that includes the Fund's provision of technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

 

The meetings of the Iraqi delegation with the IMF and the World Bank began in Washington, D.C., in the presence of the Governor of Iraq in the Fund, Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, and Minister of Finance Taif Sami, and the accompanying technical delegation.

 

He explained that "the meeting witnessed a discussion of Iraq's orientation towards holding a program (non-financing) that includes the provision of technical and advisory support to the economic reform adopted by the Iraqi government in achieving financial and monetary stability," pointing out that "it was agreed to prepare a draft agreement on the program and start implementing it in the coming days."

 

According to the statement, Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve exchange rate stability in accordance with international practices, and Iraq's agreement with the International Monetary Fund, which was ratified by the Iraqi Council of Representatives in 2008."

 

[6ly410]

Goooo RvVVvV!!!!

[6ly410]

ERBIL — Iraq's Central Bank governor on Thursday reaffirmed that the country is making progress in controlling and stabilizing the value of its currency (IQD) against the US dollar.

"The US's request to regulate the export of USD is not aimed at limiting it, but rather at implementing anti-money laundering regulations and preventing the transfer of funds to terrorist organizations," Central Bank Director Ali Allaq told reporters.

Allaq pointed out that the new system is processing foreign transfers at a rapid pace, which ensures a balance between the market and the demand for US dollars.

"The new framework aims to guard the banking and financial system from unlawful activities, money laundering and financing terrorists," the governor added.

US officials have been pressing Iraq to strengthen its banking controls in order to prevent the flow of funds to terrorist organizations and other illicit activities.

The value of the nation's currency has undergone a dramatic fluctuation recently as Iraqi banks endeavored to comply with SWIFT, the global electronic payment transfer network.

[yota691]

Withdrawal of the license of the Arab Nibal Company

 

  

 April 12, 2023

   

 

► Withdrawing the license of Al-Nibal Arabian Money Transfer Company / Al-Nibal Exchange Company.. For information , click here

 

[yota691]

US Treasury: We are ready to assist Iraq in re-stabilizing the exchange rate

The first  2023/04/13

 

 

  Baghdad: morning

  

Yesterday, Wednesday, the US Treasury Department showed "great flexibility and willingness" to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

 

This came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, yesterday, Assistant Secretary of the US Treasury Brian Nelson on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to a statement issued by the media office of the Central Bank.

 

The statement said: The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, indicating that the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate. 

 

The statement quoted the governor as confirming that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitating steps agreed upon during the meeting, within a short period.

 

 Yesterday, Wednesday, in the US capital, Washington, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began, in the presence of Al-Alaq and Finance Minister Taif Sami.

[yota691]

The Minister of Environment arrives in Washington at the official invitation of the World Bank

• Time: 04/12/2023 22:41:59
•  
• Read: 2,639 times

  

{Local: Al Furat News} Environment Minister Nizar Amidi arrived, on Wednesday evening, in Washington, upon an official invitation from the World Bank.

 

A statement from his office, a copy of which {Euphrates News} received, stated that: "The Minister of Environment, Nizar Amedi, arrives in Washington to participate in the annual meetings of the World Bank, based on an official invitation from the Bank."

[yota691]

Governor of the Bank: Iraq is on alert to control the exchange rate of the dinar

2023-04-13 00:58

 

Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed, on Thursday, that Iraq is on alert to control the exchange rate of the dinar, stressing the government's commitment not to reach the dollar exchange rate to countries with which the United States prohibits dealing in the American currency.

 

 

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the Monetary Fund in Washington, reported by "Bloomberg" and seen by Shafaq News agency, that the American requirements to control transfers "we do not classify them as restrictions, but rather all that is required is the application of the money laundering and combating terrorism law."

 

He continued, "We are on alert in the Central Bank to control the exchange rate of the dinar," explaining that this problem "is not linked to an internal financial crisis, but is related to pre-audit procedures for external transfers of hard currency."

 

He added that "external transfers through the platform" multiplied very quickly, which created a balance in supply and demand for the dollar, "disclosing, "The US Treasury agrees with us on the need to expand external transfer channels."

 

He stressed that "the new system does not aim to restrict responding to legitimate requests, as much as it aims to provide protection for the banking and financial system from illegal or suspicious operations, and supports the implementation of the Anti-Money Laundering and Terrorist Financing Law and the instructions related to it."

 

With regard to structuring banks, the governor of the Central Bank of Iraq, Ali Al-Alaq, pointed out that "the target of structuring banks is government banks that represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the central bank to reform the banking sector," revealing that all options are available for structuring the sector. and its development, including mergers.

 

 Yesterday, Wednesday, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began in the US capital, Washington, in the presence of Al-Alaq and Finance Minister Taif Sami.

 

And the US Treasury Department showed "great flexibility and willingness" to assist the Iraqi Central Bank in achieving stability in the exchange rate of the dollar against the dinar.

[yota691]

Iraq agrees with IMF, WB on programme to suppor t reforms

• 13/04/2023
•  
• Business

 

 

Qatar tribune

QNA

Baghdad

Iraq announced its agreement with the International Monetary Fund (IMF) and the World Bank to establish a non-financial program that includes technical and consultative support from the IMF to assist the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

The announcement was made during a meeting between the Iraqi delegation and the IMF and World Bank, attended by Governor of the Iraqi Central Bank Ali Al-Alaq, Minister of Finance Taif Sami, and their accompanying technical delegation, in the US capital of Washington, according to a statement. Al-Alaq requested that the IMF provide support to the Iraqi Central Bank in its measures to achieve exchange rate stability in accordance with international practices and the agreement between Iraq and the IMF.