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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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    International currency indicates stability in the foreign exchange market in Iraq

    Rocky
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    International currency indicates stability in the foreign exchange market in Iraq Empty International currency indicates stability in the foreign exchange market in Iraq

    Post by Rocky Thu 29 Feb 2024, 2:27 pm

    [size=35][size=35]International currency indicates stability in the foreign exchange market in Iraq[/size]
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    02-29-2024 | 07:42
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    Today, Thursday, the International Monetary Fund indicated stability in the foreign exchange market in Iraq.


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    A statement from the Iraqi Ministry of Finance, received by Al-Sumaria News, stated, “The Iraqi delegation, headed by Finance Minister Taif Sami, concluded today, Thursday, its discussions with the Article IV mission of International Monetary Fund experts in Amman, during which the implementation of the economic reform program and the improvements achieved by the Iraqi government were reviewed.” In the field of development infrastructure, financial sustainability, and maximizing non-oil revenues.”



    The Iraqi delegation confirmed that "the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure and reconstruction, indicating its intention to continue discussions and consultations during the Fund's periodic annual meetings."

    The Fund’s mission praised, according to the statement, “the achievement of good progress in many financial and monetary aspects and in the areas of transparency, control, provision of financial data and rationalization of expenditures, in addition to the strong return of growth in the non-oil sector during 2023 with a noticeable decline in inflation rates, and this reflects on the growth of the non-oil sector.” Low food and energy prices.

    The mission noted "the positive developments in the return of trade financing operations to their normal course and the stability of the foreign exchange market following the implementation of anti-money laundering and anti-terrorist financing controls on cross-border payments."
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    The mission also welcomed "the government plans aimed at strengthening public financial management, including welcoming the steps taken by the government towards establishing a unified treasury account, improving cash liquidity management and increasing the tax base, as well as reviewing the customs tariff structure and achieving more targeting in social support and care." .

    In the same context, the mission expressed its "optimism about the level of understanding and progress achieved with the Iraqi government, and the coordination steps and joint consultations that will be completed in the near term will contribute to addressing the financial problems imposed by the circumstances of international conflicts and their accompanying economic impacts."
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