Home
[size=33]Central Bank of Iraq: Washington responds to our needs for the dollar[/size]
[You must be registered and logged in to see this image.]
The Iraqi Central Bank seeks to stop adopting the dollar in internal transactions (Al Jazeera)
11/24/2023
[rtl][You must be registered and logged in to see this link.][url=https://twitter.com/intent/tweet?text=%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%3A %D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86 %D8%AA%D8%B3%D8%AA%D8%AC%D9%8A%D8%A8 %D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%AC%D8%A7%D8%AA%D9%86%D8%A7 %D9%85%D9%86 %d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7%d8%b1&source=sharethiscom&related=sharethis&via=AJArabicnet&url=https%3A%2F%2Faja.ws%2Fz3gcsw][/url][/rtl]
[You must be registered and logged in to see this link.] of Iraq, Ali Al-Alaq, said that the Federal Reserve Board (the US Central Bank) and the US Treasury Department respond to all requests related to providing and enhancing the dollar Iraq needs by following sound rules and standards for the movement of funds .
Al-Alaq said - in an interview with the official Iraqi News Agency (INA) today, Friday - that the Central Bank of Iraq is in constant communication with the US Treasury Department and with the US Federal Bank, indicating that “this communication continues permanently, and there are quarterly meetings held to review all matters related to... framework of this relationship.
He added that in the meetings, all matters are reviewed with emphasis and focus on the issue of regulating external transfer in a way that ensures the safety of the financial system, especially after the implementation of the new external transfer system, which requires a lot of coordination.
He pointed to creating a new relationship between Iraqi banks and internationally accredited correspondent banks abroad, where the process would be limited between them, and the role of the Central Bank of Iraq and the US Federal Reserve would be the process of monitoring and supervision, noting that it had begun some time ago to create a relationship between correspondent banks and Iraqi banks.
Al-Alaq stated that Iraq succeeded in opening more than 40 accounts for Iraqi banks with correspondent banks or abroad.
[You must be registered and logged in to see this image.]The relationship between the Iraqi Central Bank diversifying the currencies in which transfers are made abroad (Iraqi Press)
To increase flexibility and facilitation in the external transfer process, Al-Alaq stated that the Iraqi Central Bank has diversified the currencies in which transfers are made abroad, and there are now transfers, in addition to the dollar, in both the euro and the UAE dirham.
He confirmed that the Central Bank has completed the procedures for opening accounts in the dirham, the Chinese yuan, and the Indian rupee, pointing out that there are understandings with the Turkish side to make transfers through Turkish banks in the euro or the Turkish currency, noting that all of this is being done in coordination with the Federal Bank and the US Treasury.
[/size]
The Governor of the Central Bank stated that they aim to reduce the pressure on the demand for the cash dollar, as importers must carry out import operations through fundamental external transfer, but some traders in Iraq do not follow this path, but rather go to put pressure on the dollar cash in the market, so The imbalance occurs in the price, and to confront this, the government issued a decision that it is not permissible to deal in dollars locally.
He pointed out that the general principle approved by the Council of Ministers is that trading or payment inside Iraq is in dinars, but there are cases being studied at the present time that could be excluded.[/size]
Source : Agencies
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
The Iraqi Central Bank seeks to stop adopting the dollar in internal transactions (Al Jazeera)
11/24/2023
[rtl][You must be registered and logged in to see this link.][url=https://twitter.com/intent/tweet?text=%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%3A %D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86 %D8%AA%D8%B3%D8%AA%D8%AC%D9%8A%D8%A8 %D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%AC%D8%A7%D8%AA%D9%86%D8%A7 %D9%85%D9%86 %d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7%d8%b1&source=sharethiscom&related=sharethis&via=AJArabicnet&url=https%3A%2F%2Faja.ws%2Fz3gcsw][/url][/rtl]
[You must be registered and logged in to see this link.] of Iraq, Ali Al-Alaq, said that the Federal Reserve Board (the US Central Bank) and the US Treasury Department respond to all requests related to providing and enhancing the dollar Iraq needs by following sound rules and standards for the movement of funds .
Al-Alaq said - in an interview with the official Iraqi News Agency (INA) today, Friday - that the Central Bank of Iraq is in constant communication with the US Treasury Department and with the US Federal Bank, indicating that “this communication continues permanently, and there are quarterly meetings held to review all matters related to... framework of this relationship.
He added that in the meetings, all matters are reviewed with emphasis and focus on the issue of regulating external transfer in a way that ensures the safety of the financial system, especially after the implementation of the new external transfer system, which requires a lot of coordination.
He pointed to creating a new relationship between Iraqi banks and internationally accredited correspondent banks abroad, where the process would be limited between them, and the role of the Central Bank of Iraq and the US Federal Reserve would be the process of monitoring and supervision, noting that it had begun some time ago to create a relationship between correspondent banks and Iraqi banks.
Al-Alaq stated that Iraq succeeded in opening more than 40 accounts for Iraqi banks with correspondent banks or abroad.
[You must be registered and logged in to see this image.]The relationship between the Iraqi Central Bank diversifying the currencies in which transfers are made abroad (Iraqi Press)
Diversify currencies
[size]To increase flexibility and facilitation in the external transfer process, Al-Alaq stated that the Iraqi Central Bank has diversified the currencies in which transfers are made abroad, and there are now transfers, in addition to the dollar, in both the euro and the UAE dirham.
He confirmed that the Central Bank has completed the procedures for opening accounts in the dirham, the Chinese yuan, and the Indian rupee, pointing out that there are understandings with the Turkish side to make transfers through Turkish banks in the euro or the Turkish currency, noting that all of this is being done in coordination with the Federal Bank and the US Treasury.
[/size]
advertisement
[size]The Governor of the Central Bank stated that they aim to reduce the pressure on the demand for the cash dollar, as importers must carry out import operations through fundamental external transfer, but some traders in Iraq do not follow this path, but rather go to put pressure on the dollar cash in the market, so The imbalance occurs in the price, and to confront this, the government issued a decision that it is not permissible to deal in dollars locally.
He pointed out that the general principle approved by the Council of Ministers is that trading or payment inside Iraq is in dinars, but there are cases being studied at the present time that could be excluded.[/size]
Source : Agencies
[You must be registered and logged in to see this link.]
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
» Bahr Al-Ulum calls for legislating the renewable energy law and localizing the solar panel industry
» In numbers: the rise in internal debt in Iraq
» Jordan demands that Iraq continue to export oil for another three months
» Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the Jun
» Close to the coordination framework: There is no intention to change the internal regulations of Par
» Central Bank sales exceed $274 million today
» But the representative of the exchange companies is pessimistic... Why did the dollar fall?... The C
» Jordan addresses Iraq to extend a memorandum of understanding to purchase oil
» Bribes increased from 3,000 to 50,000 dollars.. What is the condition of alcohol in Iraq after the p
» Presence movement: Sunnis and Kurds while the Americans remain in Iraq
» A deputy reveals the contents of the first water strategy in Iraq
» Soon...the second reading of the proposed red card law
» The discovery of 10 new oil and gas fields in the Anbar desert
» A bloc announces to “Al-Ma’louma” the date of the parliamentary speaker’s election session
» Parliamentary Finance explains the mechanism for amending the retirement law
» Sovereignty accuses Al-Halbousi of obstructing the election of a Speaker of Parliament
» Parliamentary Agriculture accuses Kurdistan of harming the farmers of the center and south
» Al-Sudani confirms Iraq's readiness to host the Arab Network conference
» Nechirvan Barzani calls on the Iraqi government to allocate a budget to confront climate change
» “Iraq is in danger.” Political warnings against ending the work of the UN mission
» The Iraqi Interior Minister announces the signing of a security cooperation memorandum with Syria
» The Minister of Oil told “Al-Iqtisad News”: The 5th and 6th rounds will add 3 Mqmq of gas to Iraq’s
» Economist: Tax revenues from the private sector should be 4 trillion dinars annually
» The Real Estate Bank calls on the Iraqi Central Bank to determine a plan to allocate a new initiativ
» More than one billion and 400 million dollars...CBI sales within a week
» Oil: Iraq achieved self-sufficiency in liquid gas and began exporting the surplus
» Iraq begins exporting liquid gas
» The Cabinet Secretariat sets to Al-Iqtisad News the completion date for the Chinese agreement school
» Securities: The most recent law of the Authority in the Arab and regional countries
» A European desire to strengthen security and economic cooperation with Baghdad
» The close selection of a person for the position of Speaker of Parliament
» Parliamentary law excludes the exchange of penalties for cash amounts
» An agreement with Italy to finance industrial projects
» The Najaf Chamber of Commerce signs a “memorandum of understanding” with its Thai counterpart
» Baghdad, Arab Forum
» Specialists: Economic integration and job opportunities await development
» The President of the Republic, Nechirvan and Barzani stress the necessity of coordinating efforts be
» The Judicial Institute announces the names of those accepted for the 48th and 49th sessions
» Today's newspapers are interested in launching the fifth licensing supplement rounds and the sixth l
» Al-Sudani receives the Secretary-General of the Arab Network for National Human Rights Institutions
» Trade participates in the meetings of the Economic and Social Council at the level of senior officia
» The Minister of Transport discusses with the Tunisian Minister of Foreign Affairs and Immigration wa
» Iraq recorded an increase in its oil exports to the United States last week
» It is governed by three dimensions.. Parliament talks about a strategic priority for Iraqi national
» To what extent do Arab countries influence politically Iraq? It has become more independent
» The Iranian ambassador in Baghdad: Iraq has paid its debts, and the security agreement includes thre
» Dollar exchange rates decline slightly on the Baghdad Stock Exchange
» China has 18% of the fields in the two new rounds, and 11 countries share the remainder
» On the table...a proposal for the Kurdistan oil crisis and an effort to conclude a similar agreement
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
» 6 Chinese companies are among the winners of developing Iraqi oil and gas fields
» Baghdad gives UNAMI the end of 2025 to leave the country after fiery briefings
» Dhi Qar clarifies: The quarry burying radioactive materials is regular and does not pose a danger
» Al-Sudani: There are 64 lagging projects in Babylon
» The housing crisis is expanding and planning confirms: Iraq needs 3 million housing units to solve i
» 90 billion dinars were recovered from social protection violators
» Iraq seeks to increase its oil reserves to more than 160 billion barrels
» After keeping the numbers secret... Did the rain increase Iraq's water reserves by 120%?
» In the first quarter of 2024.. Iran will displace Iraq and become the second largest producer in OPE
» Iraqi oil exports to Jordan stopped 20 days ago
» Iraq and Syria sign a memorandum of security cooperation in several fields
» Parliament recommends stopping electronic schools in Iraq
» Parliamentary law rules out passing a law replacing penalties with sums of money
» After a rare meeting... sources talk about Al-Sadr's future in political life in Iraq
» The President of the Republic warns of climate change and its threat to food security and future gen
» The Iranian ambassador to Iraq talks about negotiations for the withdrawal of American forces and Tu
» Deputy: Iraq represents an important factor in the stability of the global oil market
» Transportation: The Iraqi-Turkish technical committees continue to fulfill the requirements for impl
» Economic: Raising the interest rate will reduce real estate prices
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
» Expert: The stability of the economy is linked to the political situation
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
» Parliamentary Finance criticizes the government's failure to send the budget schedules
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
» Revealing the date of the arrival of the 2024 budget schedules
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
» Transport reopens the Baghdad - Samarra railway line
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
» Oil clarifies the mechanism for investing grant funds and licensing contracts
» A $700 million agreement is signed between Iraq and Italy to finance these projects
» Iraq recovers 90 billion dinars from social protection violators
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
» An economic vision for the standard of competition for exploratory plots in Iraq
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars