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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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    The US Federal Bank: The actions of the Iraqi Bank are in the right direction

    Rocky
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    • Post n°1

    The US Federal Bank: The actions of the Iraqi Bank are in the right direction Empty The US Federal Bank: The actions of the Iraqi Bank are in the right direction

    Post by Rocky Sun 12 Feb 2023, 9:31 am

    [size=38]The US Federal Bank: The actions of the Iraqi Bank are in the right direction[/size]


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    February 11, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The US Federal Bank confirmed, on Saturday, that the procedures of the Central Bank of Iraq are in the right direction to build a sober banking sector.
    And the Central Bank of Iraq stated, in a statement received by Al-Obelisk, that the bank’s delegation met on Friday, corresponding to 10/2/2023, for long hours, with both the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, DC.
    The statement added that the two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.
    He added that the US Federal Reserve Bank and the US Treasury discussed a number of support and attribution mechanisms for the Central Bank of Iraq, in a way that enhances 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.
    The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad 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 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, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate.
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