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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

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


    Central Bank announces results of New York meeting on dollar crisis

    Rocky
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    Central Bank announces results of New York meeting on dollar crisis Empty Central Bank announces results of New York meeting on dollar crisis

    Post by Rocky Sat 31 Aug 2024, 4:16 am

    [size=35][size=35]Central Bank announces results of New York meeting on dollar crisis[/size]
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    2024-08-30 | 13:45
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    The Central Bank of Iraq announced today, Friday, the results of the visit of the delegation headed by Governor Ali Al-Alaq to the United States of America.


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    The Central Bank said in a statement received by Sumarya News, "The delegation held a series of intensive meetings in New York City, including the US Treasury and the Federal Reserve Bank, in addition to meetings with a group of companies and banks."



    He added: "The participants in the meetings praised the Central Bank's control measures on foreign transfers and cash sales of the US dollar."

    The Central Bank indicated that: "A meeting will be held between officials of the Central Bank of Iraq and its international partners at the end of this year regarding the major shift in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations."

    He concluded: "The meetings in New York City also addressed mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements to open their accounts with international correspondent banks."
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    Rocky
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    • Post n°2

    Central Bank announces results of New York meeting on dollar crisis Empty The Central Bank of Iraq announces the results of its visit to New York: A high-level delegation neg

    Post by Rocky Sat 31 Aug 2024, 5:05 am

    The Central Bank of Iraq announces the results of its visit to New York: A high-level delegation negotiated with the US Treasury


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    2024-08-30 14:17
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    Shafaq News/ The Central Bank of Iraq announced the results of the visit of the delegation headed by the Governor of the Central Bank, Ali Mohsen Al-Alaq, to ​​the United States of America, which lasted from August 26 to 29, 2024. 
    The Central Bank of Iraq confirmed in a statement received by Shafaq News Agency that a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies (Visa, Mastercard and MoneyGram) as well as banks (Citi Bank and JP Morgan) as well as international auditing firms (KPMG, E&Y, K2i and Oliver Wyman).
    He added that the participants in the meetings praised the major transformations accomplished by the Central Bank of Iraq, which represent an unprecedented achievement at the country level, as the bank has achieved remarkable progress in the procedures for monitoring foreign transfers and cash sales of the US dollar, which has led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, terrorist financing and financial crimes.
    He announced that a meeting will be held between the officials of the Central Bank of Iraq and its international partners by the end of this year regarding the major transformation in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan set by this bank, and implemented internationally, which will allow the Central Bank of Iraq and the Federal Reserve Bank to exercise their supervisory roles away from executive procedures, as this transformation will have important repercussions on the stability, fluidity and transparency of the country's foreign trade financing operations, indicating that it aims to achieve the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq.
    He pointed out that the meetings in New York City also addressed mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements to open their accounts with international correspondent banks, with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies.
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