The Central Bank confirms the safety and accuracy of external transfer operations on the electronic platform in 2023
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Views 21
Added 07/22/2023 - 2:49 PM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Against the backdrop of media news that some banks were denied dealing in US dollars due to their violation of international standards for foreign transfers in 2022.
The Central Bank confirmed that the implementation of its instructions issued in 2023 for external transfers using the electronic platform will ensure the safety and accuracy of external transfers and achieve benefit for its dealers from dealing at the official fixed price, which is 1320 dinars. The important thing is that dealing by entering the electronic platform will protect our banks and financial institutions from penalties later.
And that the US Federal Reserve and the US Treasury, while praising and supporting the central bank’s commitment to using the platform, had previously warned last year that it was conducting an audit of banks’ dealings with foreign transfers of the US dollar, and news came out at the time from US media sources confirming this, and indeed it turned out that the news was correct and the fourteen banks were actually included not to deal in their national currency, which is of wide international use.
Although the restricted banks from dealing constitute only 8% of their dealings, this will not affect the dealings of our other banks, and the manipulation of speculators in the black market in manipulating the exchange rate of the Iraqi dinar will not continue and will stop soon due to the central bank’s call to the government to the necessity of monitoring, auditing, and establishing a mechanism to link the imports entering Iraq and what proves the existence of a fundamental and sound external transfer corresponding to its value in order to prevent the use of the black market to obtain cash dollars, which is the only source in which manipulation of the exchange rate occurs after using the electronic platform because remittances Foreign affairs and the opening of documentary credits and cash dollars through them are at the official rate.
Therefore, I call on our banks, all exchange and money transfer companies, all financial institutions and related parties to encourage and motivate their customers, especially merchants and businessmen, to enter the electronic platform in order to ensure that they are not later deprived of dealing in US dollars because the recent sanctions of banks confirm the soundness of the Central Bank’s procedures to preserve the Iraqi banking system. In addition to the subjection of dealers to obtain dollars from the black market under Iraqi law.
Views 21
Added 07/22/2023 - 2:49 PM
[You must be registered and logged in to see this link.]
» utube 6/21/24 MM&C 0:01 / 29:03 Iraq Dinar - IQD - Capital Economy - Olympics - 3 Presidenc
» Planning: Training 120,000 enumerators in preparation for the population census
» Parliamentary Committee: Amending the Investment Law in the next legislative term
» Between oil and debt: Iraq faces the challenges of the budget deficit
» Economic clarification: Why do Iraq’s reserves not rise despite the rise in oil prices?
» Resources: Removal of about 25,000 encroachments on river banks
» A deputy comments on the possibility of Iraqi oil reaching Israel through some Arab countries
» Renewed dangers.. “Thirdness” and “badness” terrify parents and calls to legislate a law in Iraq
» utube 6/16/24 MM&C Iraq Dinar-IQD Update-FX-NYSE Arca-ATMs Deployment Iraq-Ki Smart Card- JPMorgan
» A parliamentary hint on an “agreed upon” candidate for the Presidency of the House of Representative
» Iraq confirms the adequacy of its water reserves for this season
» The Ministry of Planning announces the inclusion of 500 villages in Social Fund for Development proj
» Fake purchase receipts topple the chairman and members of the implementation committee at Baiji Refi
» A representative calls for supporting Diyala with electricity from Baghdad
» A government advisor reveals a comprehensive plan to combat corruption and recover funds
» A Sudanese parliamentary proposal to exempt solar panels from customs duties
» Health announces the registration of one million citizens with health insurance
» World Bank: Spontaneous gas combustion associated with oil production is rising
» Resources develops a new plan for water releases based on temperatures
» Parliamentary Economy: Al-Faw Port is dust and we have contracts that, if revealed, would “slap the
» Including Iraq.. The World Bank: 9 major countries account for 75% of gas flaring
» A comprehensive government plan to combat corruption and recover funds
» America: We are working with Iraq to create a favorable environment for our companies.. What about t
» Ethereum rises on the back of SEC investigations
» Independents plan to "circumvent" influential people: Courtesy prevented Parliament from monitoring
» What is the possibility of renewed conflict between the factions and the Americans after the appoint
» Iraq is at the heart of the storm of the "new approach" of the American administration in the Middle
» Kurdish party: Young people are immigrating to Kurdistan due to unsuitable living conditions
» In the time of Sudanese... Did Iraq's balance shift from Iran towards the Gulf?
» Kirkuk.. The National Union agrees with the Arabs “embarrassed by the Turkmen” to “rotate the govern
» Barzani's party reveals its position on the elections: We do not want to postpone and are ready for
» Independents plan to "circumvent" influential people: Courtesy prevented Parliament from monitoring
» Electricity directs to intensify the work of maintenance teams in Baghdad
» Al-Sudani directs us to be open to the success stories and creativity of people with special needs
» Al-Sudani congratulates Iraq for ranking first in the Arab world and seventh in the world in the Tim
» “Leave the matter of the Council and Al-Sadr to me.” Soleimani did not tell the truth about Khamenei
» With anticipation for the opening of stock exchanges, dollar prices maintain their rise
» Trade launches a campaign to follow up on measures to protect food storage
» Revealing a comprehensive government plan to recover the stolen funds
» Financial Control: We are about to build a new strategy
» Nearby building a new strategy for financial oversight in Iraq
» Will the grant for displaced people be affected in the 2024 budget?
» Al-Sudani announces 3 projects to develop the sports sector in Iraq
» Romanowski's successor in Baghdad.. Are you redistributing roles and what is Israel's influence in t
» Minister of Labor: The government pays great attention to caring for the elderly
» Registering one million Iraqis in (health insurance)
» The CAS International Court praises the Iraqi judiciary for establishing the Center for Sports Settl
» The Prime Minister's Advisor reveals two projects related to the local government in Kirkuk
» Minister of Immigration: The Prime Minister is keen to deliver the $4 million grant to families retu
» Revealing two paths to resolve the political impasse in Kirkuk
» Millions of security services have not resolved the worrying issue... the escalation of murders and
» International Finance: Economic reform in Iraq is witnessing an increasing pace and we have invested
» Water Resources issues guidance on water pumping stations
» Parliamentary Defense: The scheduling of security laws will take place after the legislative recess
» Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and
» Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and
» A parliamentary invitation to manage the Ministry of Electricity by the Sudanese
» Deputy: America failed strategically in the face of the steadfastness of the resistance forces
» A representative reveals a movement to change a paragraph in the election law that prohibits the exp
» An invitation is sent to the Sudanese... Parliamentary Energy explains the reasons for the collapse
» Iraq announces that 1,000 new schools will soon enter service by this date
» Ecuador "stands in solidarity with Iraq" and is plunged into darkness following the collapse of the
» Parliamentary Investment determines Baghdad’s need for housing units.. Will prices fall?
» Economic determination of “bubble” real estate prices in Baghdad.. What about selling a square meter
» Accounting project...quick procedures and expectations regarding the completion date - urgent
» The Minister of Labor announces the inclusion of the elderly in the ministry’s services and seeks a
» "Despite the hot weather"... the economy revives in Baghdad during the Eid
» The huge numbers of Kurdistan tourists occupy specialists... How can they be converted into huge sum
» Erbil counts the number of visitors, accidents, births, and sacrifices during Eid
» A reality that cannot be hidden behind... Everything about the secrets of electricity and its “chron
» Including the rotation of positions.. A Sudanese advisor reveals two projects to form a Kirkuk gover
» Jacobson, “Professor” Romanowski... a clear expression of a “new American strategy” in Iraq - urgent
» An employee buys a house in Baghdad only to be surprised by a field of cannon shells in his garden
» The “Iraqi Resistance” holds an extraordinary meeting regarding the presence of American forces
» Parliamentary Defense: The scheduling of security laws will take place after the legislative recess
» Resistance Coordination: We are able and determined to end the issue of the presence of American for
» An employee at the Agricultural Bank in Maysan was arrested and seized 131 million dinars
» Continuing commissions even if the card is not used.. Baghdad Council calls for “monitoring Sweeg”
» The electricity problem cannot be solved by exemptions and dismissals, Mr. President!!
» The House of Representatives renews its support for the Hajj Authority to complete its bright roles
» utube 6/18/24 Iraqi Dinar ???? It’s Very Good Today News Guru Intel Update Value Exchange Rate IQ
» Member of Parliamentary Defense: The necessity of completing the Popular Mobilization Law
» Progress confirms that the Speaker of Parliament passes through Al-Halbousi... and Sunni forces: He
» The Pentagon: The presence of the Peshmerga within the Iraqi forces contributed to reducing the abil
» Al-Sudani discusses with a Saudi minister holding the “sixth session” of the Coordination Council be
» Hundreds of agricultural acres in Badra are transformed into residential homes
» The Minister of Health inspects the rehabilitation stages in Al-Imam Al-Kazemin (peace be upon him)
» Stability in dollar exchange rates in Baghdad, Basra and Erbil
» Sunni divisions and ambitions are stumbling blocks in front of the parliamentary seat. A politician
» Parliamentary Energy: Gas investment represents one of the most important current projects for gener
» Iraq will not reap any economic benefit from extending the Basra-Oqaba oil pipeline
» Al-Fatah calls on the government to limit the role of the new American ambassador to Iraq
» The new American ambassador...provocative statements and hidden intentions
» The European Union Court bargains with Iraqi women to agree to asylum
» With a value of $79 million... Iraq is the eighth largest importer of Egyptian agricultural crops
» Due to the “major failure”... parliamentary intentions to question the Minister of Electricity
» After the "failure of the summer test"... the Minister of Electricity is promised an "interrogation"
» Rationing is suffocating Iraq: The electricity crisis is renewed as the temperature rises