More News, Rumors and Opinions Wednesday Night 11-15-2023
TNT:
Tishwash: The Central Bank enhances the accounts of 13 banks in the Chinese yuan
An authorized source in the Central Bank of Iraq revealed today, Wednesday, the strengthening of the accounts of 13 banks in the Chinese yuan, calling on merchants and importers to secure their imports through official roads.
The source told the official agency, “The number of banks whose accounts were strengthened in the Chinese currency, the yuan, reached (13), suggesting that “the number of banks that will strengthen their balance in the Chinese currency will increase in the near future.”
The source added, "Merchants and importers can import their goods from China at the official price that will be provided by banks dealing in the Chinese currency instead of resorting to the black market and speculators." link
CandyKisses: A new agreement between Baghdad and Ankara to deal in the euro
Mawazine News - Baghdad
An authorized source in the Central Bank of Iraq revealed today, Wednesday, the Central Bank’s agreement with Turkish banks to open accounts for Iraqi banks with the aim of enhancing external transfer in the euro currency.
The source told the official agency, “The Central Bank of Iraq agreed with Turkish banks to open accounts for Iraqi banks for the purposes of external transfer and enhancing balances to finance foreign trade in the euro,” pointing out that “the agreement came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, with the Turkish ambassador and the head of the The Turkish Business Council and the managers of Turkish bank branches in Iraq.”
He added, "Other proposals have been developed that will be discussed in Istanbul at the end of this month with the participation of the Central Bank of Iraq and representatives of Iraqi banks."
The source confirmed, “The agreement came to facilitate the trade exchange process between Iraq and Turkey, especially since the volume of trade between the two countries is very high, in addition to expanding external transfer outlets for importers in the euro currency,” stressing, “The Central Bank of Iraq has taken a number of measures that will contribute to reducing Dollar exchange rate.
He pointed out, “This agreement comes within the work strategy of the Central Bank of Iraq and the implementation of its plan to shift from the electronic platform for external transfers to transfers through correspondent banks to Iraqi banks, and to create multiple channels for external transfers, leading to the transfer of all local banks to external transfers via correspondent banks.” “.
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Tishwash: The President of the Republic: The government is working hard to strengthen the economic situation
The President of the Republic, Abdel Latif Gamal Rashid, confirmed on Wednesday that the government is working hard to strengthen the economic situation .
The Presidency of the Republic stated in a statement seen by Al-Iqtisad News, that “The President of the Republic, Abdul Latif Jamal Rashid, received at Baghdad Palace the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, and the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, on the sidelines of her participation.” At the conference (The Role of the Media in Promoting Participation in Elections) held by the Presidency of the Republic .”
The President of the Republic affirmed, “The government is working hard to strengthen the economic situation and improve the living and service conditions of citizens, especially in terms of basic infrastructure, such as roads, bridges, hospitals, and education .”
He stated, "During the meeting, the importance of resolving the issue of the displaced in the country was emphasized, and working hard and urgently for their return to their areas and homes," noting "the importance of the work of international organizations and agencies in this aspect alongside the relevant ministries and government departments, and strengthening coordination between the Presidencies of the Republic and the House of Representatives." Especially in draft laws submitted to the Council .”
For his part, the First Deputy Speaker of the House of Representatives stressed "the importance of communicating with the Presidency of the Republic in order to legislate laws related to the requirements of citizens ."
For her part, Jeanine Plasschaert expressed "her views are consistent with the proposals of the President of the Republic, and she provided an explanation about the activities and programs of the United Nations agencies in Iraq and their specializations, especially in the ongoing preparations for holding the provincial council elections. link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Militia Man We've heard this about different currencies. Iraq's going to be trading outside the dollar. They're going to be using different currencies...They're going to be on a level playing field...Iraq's been working through an international interconnectivity system the ITC, The World Bank, the Bank of International Settlements, the central banks of the world, the federal Reserve Bank. It isn't just a push the button situation...it's a complex process.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: A lot of contracts are being announced left and right. Hundreds and hundreds of them. It is impossible to be signing at a program rate... FRANK: Do you honestly believe it's being done at a program rate? Absolutely not. These are the tale tell signs of the monetary reform and it's also part of your education.
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