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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    To resolve the issue of banks "deprived of the dollar"... Al-Alaq to Washington soon

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 277455
    Join date : 2012-12-21

    To resolve the issue of banks "deprived of the dollar"... Al-Alaq to Washington soon Empty To resolve the issue of banks "deprived of the dollar"... Al-Alaq to Washington soon

    Post by Rocky Mon 26 Aug 2024, 4:08 am

    To resolve the issue of banks "deprived of the dollar"... Al-Alaq to Washington soon

    [You must be registered and logged in to see this image.]

    +A
    -A


    Baghdad Today - Baghdad
    A responsible source in the Central Bank of Iraq revealed, today, Sunday (August 25, 2024), the imminent visit of the Governor of the Bank, Ali Al-Alaq, to ​​the United States of America to resolve the issue of Iraqi banks deprived of the dollar.
    The source told Baghdad Today that "at the end of this month there will be an important visit by the Governor of the Central Bank of Iraq, Ali Al-Alaq, to ​​New York City in the United States of America to hold several meetings with the US Federal Reserve and the US Treasury to discuss the file of Iraqi banks that are banned from dealing in dollars, and the possibility of lifting this ban, as this has had a negative impact on the Iraqi banking and financial reality."
    The source, who requested anonymity, said, "These Iraqi banks are not being punished, but are only being deprived of dealing in dollars, and Al-Alaq's visit comes to lift that deprivation, as well as to discuss protecting the Iraqi banking system and supporting its stability."
    It is noteworthy that the Governor of the Central Bank of Iraq, Ali Al-Alaq, settled the controversy on Wednesday (August 7, 2024) regarding the reconsideration of the dollar exchange rates .
    Al-Alaq said in press statements, followed by "Baghdad Today": "There is no intention to reconsider the dollar exchange rates," noting that "the Central Bank sells more than 250 million dollars daily at the official price ."
    He pointed out that "the bank covers the requirements of foreign trade and some do not want fundamentalist methods," noting that "the view that the dollar price has risen or fallen is not a correct indicator ."
    He stressed "the success of the Central Bank in controlling inflation compared to other countries," adding, "We will reach 100 percent of foreign transfers without going through the US Federal Reserve by the end of this year ."
    He stressed that "the financial situation in Iraq is still proceeding within what is planned in the state's general budget," indicating that "for the first time, by virtue of the new budget and financial management law, the allocations of the governorates and ministries are being rotated ."
    Al-Alaq said, "The Central Bank is undergoing a major transformation process by reorganizing foreign trade, and our procedures in foreign trade are being carried out for the first time with the participation of international institutions ."
    He added, "There are small traders outside the system who are putting pressure on the market, and a mechanism to regulate their trade is about to be launched. We are focusing on getting everyone involved in the proper, fundamental channels ."
    He revealed that "the Central Bank has opened channels for the Chinese, Turkish, Indian and Emirati currencies," announcing "the imminent launch of a new audit mechanism for trade in foreign currencies ."
    He stressed that "all commercial foreign transfer operations are subject to review by the specialized international company," revealing "meetings in New York at the end of August to discuss lifting sanctions on banks and reviewing transfer operations ."
    Al-Alaq explained, "The dollar is not given to the traveler until the departure stamp is obtained," indicating that "the new mechanism guarantees that the dollar reaches the traveler 100 percent, and we started with it in Baghdad, then Najaf, Basra, Erbil, Sulaymaniyah, and Kirkuk ."
    He added, "There is a government trend to increase capital support for the Real Estate Bank and the Housing Fund in the budget," noting that "the bank's initiatives have an exceptional role in trying to fill the housing deficit ."
    The Governor of the Central Bank announced that "the paragraph on increasing the capital of the Real Estate Bank and the Housing Fund in the budget has not been implemented yet, and we do not want the bank's financing to be an alternative to the investor's obligations," pointing out that "the Real Estate Bank has been directed to finance complexes with completion rates of 80 to 90 percent ."
    [You must be registered and logged in to see this link.]

      Current date/time is Fri 13 Sep 2024, 10:23 am