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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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    Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of

    Rocky
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    Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of  Empty Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of

    Post by Rocky Sat 20 Apr 2024, 9:51 am

    Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of the sanctioned banks

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    Economy News - Baghdad
    Prime Minister, Muhammad Shiaa Al-Sudani, announced on Saturday that a satisfactory agreement had been reached with the American side regarding banks that are prohibited from dealing in the dollar currency.

    Al-Sudani said in a press conference, seen by Al-Iqtisad News, that “the Iraqi delegation held important meetings with the US Treasury, with which the Iraqi government and the Central Bank are working, to reform the financial banking sector in Iraq and address the observations that occurred in this sector during the time of previous governments.” ".

    He added, "The delegation reached satisfactory solutions that address the conditions of banks deprived of dealing in the dollar by forming committees that undertake the task of auditing the observations made on these banks," noting that "if the observations are fundamental, the deprivation procedures will continue, and if they are objections, they can be addressed and carried out." “There will be reforms within these banks under the supervision of the Central Bank, so that the dollar dealings of these banks will be addressed in the future.”

    Al-Sudani stressed that "the US Treasury's impression was positive on the performance of the Iraqi financial institutions, whether the central bank or the government banking sector, and it was at the peak of optimism, given the reforms that were achieved during a short period of this government's life."

    He pointed out that "80% of financial transactions and transfers today are carried out in accordance with international standards, certified by the US Treasury," indicating that "the government will continue to reform the financial and banking sector, which represents a basic gateway to creating economic development and real reforms."



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