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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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    Al-Sumaria reveals the outcomes of an Iraqi-American meeting regarding foreign financial transfers

    Rocky
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    meeting - Al-Sumaria reveals the outcomes of an Iraqi-American meeting regarding foreign financial transfers Empty Al-Sumaria reveals the outcomes of an Iraqi-American meeting regarding foreign financial transfers

    Post by Rocky Sat 11 Nov 2023, 4:13 am

    [size=35][size=35]Al-Sumaria reveals the outcomes of an Iraqi-American meeting regarding foreign financial transfers[/size]
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    Al-Sumaria News - Politics

    A government source revealed, today, Saturday, the outcomes of a meeting held between the Central Bank of Iraq and the American side regarding external transfer operations to cover imports.


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    The source told Al-Sumaria News, "The past few days witnessed intensive meetings between a delegation from the [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] and the American side responsible for foreign transfer operations to cover imports, in Abu Dhabi."



    He added, "The negotiations culminated in a number of decisions and mechanisms that contribute to facilitating the procedures for foreign transfers related to imports through the foreign currency sales window, where they were: - - It was agreed to enhance the advance balance of five Iraqi banks in their accounts in dollars with Jordanian banks and transfers
    via
    Through (JP Morgan).

    - Solving the problems related to rejected transfers, and it was agreed that the rejection of transfers should be based on strong reasons. -

    Other meetings also took place that brought together one of the Emirati banks, the [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], and the American side to implement the mechanism of enhancing balances in the Emirati dirham for Iraqi banks ([You must be registered and logged in to see this link.] Dirham pilot He added ,

    “Things are going well in this regard, as all the technical details related to the issue have been resolved, and it is expected that the mechanism for enhancing balances in the [You must be registered and logged in to see this link.] dirham will begin during the next few days.” The source (who preferred not to reveal his name) confirmed, “There

    is Serious negotiations have reached their final stages to enhance the balances of some Iraqi banks in euros with UBAF Bank, to finance trade with the [url=https://www.alsumaria.tv/Entity/44154/%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Union[/url].

    In the same context, he pointed out “an increase in the number of banks whose balances in Chinese yuan are enhanced through the [url=https://www.alsumaria.tv/Entity/982852097/%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D9%86%D8%BA%D8%A7%D9%81%D9%88%D8%B1%D9%8A/ar/]Singapore Development Bank[/url], where it was Accounts were opened for 6 Iraqi banks in this bank, and during the coming period 7 other banks will be added to finance Iraqi trade and imports from [You must be registered and logged in to see this link.], as these imports are estimated at about 12 billion dollars annually.”

    He continued his speech: "We have also begun opening bank accounts in the Indian rupee for a number of Iraqi banks at the same correspondent, the [url=https://www.alsumaria.tv/Entity/982852097/%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D9%86%D8%BA%D8%A7%D9%81%D9%88%D8%B1%D9%8A/ar/]Singapore Development Bank[/url] (New Delhi branch), and in fact operations to enhance the balance of two Iraqi banks have been completed as a first stage."

    He expected that "this mechanism will contribute to financing [You must be registered and logged in to see this link.]'s imports from [You must be registered and logged in to see this link.], especially medicines and foodstuffs, which are estimated at about 3 billion dollars."
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