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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

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    Al-Alaq: A new package to control dollar fluctuations will start in the middle of this month

    Rocky
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    Al-Alaq: A new package to control dollar fluctuations will start in the middle of this month Empty Al-Alaq: A new package to control dollar fluctuations will start in the middle of this month

    Post by Rocky Wed 08 Feb 2023, 6:52 am


    [size=32][rtl]Al-Alaq: A new package to control dollar fluctuations will start in the middle of this month[/rtl]

    February 7, 2023
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    A government pledge to face the repercussions of exchange rates and support the poor
    Al-Alaq: A new package to control dollar fluctuations will start in the middle of this month

    Baghdad - Qusay Munther
    The Governor of the Central Bank, Ali Al-Alaq, revealed the launch of a second package that will be issued in the middle of this month to control the exchange rate of the currency.
     A statement received by (Al-Zaman) yesterday said that (Al-Alaq met with the heads of councils, general managers, and delegates of government 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), and Al-Alaq confirmed ( The bank's ability to meet all legitimate requests), and he indicated that (a second important package will be issued in the middle of this month).
    cash sale
    Pointing out (there are no restrictions, internal or external, on the external transfer or cash sale of the dollar, in compliance with the International Monetary Fund agreement, which was ratified by the House of Representatives in 2008). Noting 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 application of the law on combating money laundering and terrorist financing and related instructions, and also promotes the openness of the banking sector abroad, which was forbidden long decades).
    He continued, "The exchange rate is related to the lives of citizens and their purchasing capabilities, which should ensure its stability at the targeted levels is a high priority, and that the efforts of the relevant concerned parties join forces to prevent harm to citizens," calling for "not limiting requests to external transfers and cash in Baghdad, And take immediate measures to receive the bank branches in the provinces of those requests.
    And he indicated that “the Central Bank has begun to open new external channels and outlets to facilitate the conduct of external transfers and avoid the role of unqualified intermediaries to do so.”
    And he went on to say that (the bank will take strict punitive measures against the violators authorized by it), and praised (the role of some banks in adhering to everything that achieves the desired goals), and the statement went on to say that (the governor listened to the proposals of the conferees, and directed the central departments to take the necessary measures In this regard, it was decided to form a joint operations room between the bank and the banks, to follow up the implementation of the first package of procedures, monitor phenomena, results and obstacles, and make appropriate recommendations in this regard.
    And the Prime Minister, Muhammad Shia'a al-Sudani, had confirmed that the treatments presented by the Central Bank come within the process of financial and banking reform.
     Yesterday's statement indicated that (the coordination framework held a meeting in Haider Al-Abadi's office in the presence of Al-Sudani, where developments in the political and security scene were discussed, in addition to discussing the federal budget file that the Council of Ministers intends to submit to the House of Representatives for approval). On its basis, the federal budget was drawn up and the extent of its compatibility with the government program, in addition to the dialogues that the bank conducted with the US Federal Bank in Istanbul, and the reform packages it issued), indicating that (the treatments presented by the bank come within the process of financial and banking reform). The statement pointed out that (the meeting witnessed a discussion of government measures to reduce the effects of exchange rate fluctuations on the poor and marginalized segments, as well as the upcoming visit of the Iraqi delegation to Washington headed by the Minister of Foreign Affairs to complement the Istanbul meetings).
    In addition, the Federal Intelligence and Investigation Agency ousted 7 suspects in possession of more than one and a half billion dinars in Nineveh Governorate.
    currency smuggling
    A statement received by Al-Zaman yesterday said that (to follow up on smuggling and speculation in dollar prices, the agency's detachments intensified their measures to prevent currency smuggling, as a joint force embarked on separate duties that included several areas and land roads used to transfer money in Nineveh Governorate), stressing that (after conducting inspections And the audit arrested seven suspects in possession of one billion and 654 million dinars, which were used to make financial transfers informally, which were smuggled to the northern governorates).
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