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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The central bank forms a joint operations room with banks to control the exchange of the dollar

    Rocky
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    The central bank forms a joint operations room with banks to control the exchange of the dollar Empty The central bank forms a joint operations room with banks to control the exchange of the dollar

    Post by Rocky Sun 05 Feb 2023, 2:13 pm

    [size=35][size=35]The central bank forms a joint operations room with banks to control the exchange of the dollar[/size]
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    Economie

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    2023-02-05 | 12:50
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    Today, Sunday, the Governor of the Central Bank, Ali Al-Alaq, held a meeting with the heads of councils, general managers, and delegates of government and private banks to make the necessary arrangements for the first package of measures to control the exchange rate.


    The bank stated, in a statement received by Alsumaria News, that “Al-Alaq met with the heads of councils, general managers, and delegates of governmental and private banks to put in place the necessary arrangements for the first package of measures to control the exchange rate, and to clarify and simplify the procedures to achieve smoothness and speed in executing dollar purchase requests.”






    And the governor stressed, “The Central Bank’s ability to meet all legitimate requests,” indicating that “a second important package will be issued in the middle of this month.”


    And between: “There are no restrictions, internal or external, on the external transfer or cash sale of the dollar, in compliance with the agreement[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]which was approved by the House of Representatives in 2008, and that the new system does not aim to restrict 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, and also promotes openness The banking sector abroad, which has been deprived of it for long decades.”


    The governor pointed out that “the exchange rate is related to the lives of citizens and their purchasing capabilities, which should be a great priority for its stability at the targeted levels, and for the concerted efforts of the relevant parties to prevent harm to citizens.”


    Al-Alaq directed "not to limit requests to external transfers and cash in Baghdad, and to take immediate measures to receive these requests from bank branches in the provinces."[url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]By opening new external channels and outlets to facilitate the conduct of external transfers and avoiding the role of unqualified intermediaries to do so.”


    He warned against “exploiting the current circumstance to carry out unauthorized actions or activities that will make the situation more difficult,” noting that “the Central Bank will take strict punitive measures against violators authorized by it.” He also praised the role of some banks in adhering to everything that achieves the desired goals.


    The governor listened to the “remarks and proposals of the meeting, and directed the central bank departments to take the necessary measures in this regard, and a joint operations room was formed between the central bank and banks, to follow up on the implementation of the first package of measures. ” Monitor phenomena, results and obstacles, and make appropriate recommendations regarding them.

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    Rocky
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    The central bank forms a joint operations room with banks to control the exchange of the dollar Empty The central bank forms an operations room with banks to control the exchange rate

    Post by Rocky Sun 05 Feb 2023, 3:00 pm

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    • Baghdad - IQ  



    On Sunday, the Central Bank announced the formation of a joint operations room with banks to control the exchange rate.

    The bank said, in a statement received by IQ NEWS, that its governor, Ali Al-Alaq, met today with the heads of councils, general managers, and delegates of governmental and private banks to put the necessary arrangements for the first package of measures to control the exchange rate into effect, and to clarify and simplify the procedures to achieve smoothness and speed in executing dollar purchase requests.

    The governor affirmed, "the Central Bank's ability to meet all legitimate requests," noting that "a second important package will be issued in the middle of this month."

    He pointed out that "there are no restrictions, internal or external, on the external transfer or cash sale of dollars in compliance with the International Monetary Fund agreement that was ratified by Parliament in 2008, and that the new system does not aim to restrict response to legitimate requests, as much as it aims to provide protection for the banking system." It supports the implementation of the Anti-Money Laundering and Terrorist Financing Law and the instructions related to it, and also promotes the openness of the banking sector abroad, which it has been deprived of for decades.

    Ali Al-Alaq added, "The exchange rate is related to the lives of citizens and their purchasing power, and its stability at the targeted levels should be a high priority, and the efforts of the relevant parties should join forces to prevent harm to citizens."

    And he directed, "not to limit requests to external transfers and cash in Baghdad, and to take immediate measures to receive bank branches in the governorates of those requests," noting that "the Central Bank of Iraq has begun to open new external channels and outlets to facilitate the conduct of external transfers and to avoid the role of unqualified intermediaries to do so."

    And he warned against “exploiting the current circumstance to carry out unauthorized actions or activities that will make the situation more difficult,” noting that “the Central Bank will take strict punitive measures against violators authorized by it.”

    And he praised "the role of some banks in adhering to everything that achieves the desired goals."

    The Governor of the Central Bank listened to the "remarks and proposals of the conferees," directing the bank's departments to "take the necessary measures in this regard."
    And it was decided to "form a joint operations room between the Central Bank and banks, to follow up the implementation of the first package of measures, monitor phenomena, results and obstacles, and make appropriate recommendations in this regard."
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