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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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    Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external t

    Rocky
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    decisions - Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external t Empty Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external t

    Post by Rocky Sat Nov 11, 2023 5:48 am

    Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external transfers of the dollar



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    2023-11-11 01:16
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    Shafaq News/ On Saturday, Iraqi official sources revealed extensive meetings held by the Central Bank with the American side in the Emirates, which resulted in important decisions regarding foreign transfers and enhancing bank balances in dollars.


    The official Iraqi News Agency quoted a government source as saying that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures. Regarding external transfers related to imports through the foreign currency sales window.
    The government source added that it was agreed to enhance the advance balance of five Iraqi banks in their accounts in dollars with Jordanian banks and transfers via (JP Morgan), explaining that the problems related to the rejected transfers had been resolved and it was agreed that the rejection of transfers should be based on strong reasons.
    The source revealed that other meetings were held that brought together one of the Emirati banks, the Central Bank of Iraq, and the American side to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks (UAE Dirham pilot), stressing that all technical details have been resolved and it is expected that the mechanism for enhancing balances in the Emirati dirham will begin within the next few days. .
    A government source told the official Iraqi agency that there are serious negotiations that have reached their final stages to enhance the balances of some Iraqi banks in euros with UBAF Bank to finance trade with the European Union.
    The source also explained that the number of banks whose balances in the Chinese yuan are being strengthened has been increased through the Singapore Development Bank, noting that accounts have been opened for six Iraqi banks in this bank, and during the coming period 7 other banks will be added to finance Iraqi trade and imports from China, as these imports are estimated at approximately 12 billion dollars annually.
    The government source stated that this mechanism is expected to contribute to financing Iraq's imports from India, especially medicines and foodstuffs, which are estimated at about 3 billion dollars.
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