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Samson: The largest distribution in history.. Countries start receiving billions of dollars from the International Monetary Fund

23rd August, 2021

Today, Monday, the largest general distribution in the history of the International Monetary Fund, amounting to 650 billion dollars, which was approved earlier this month, became effective.

On August 2, the IMF’s Board of Governors approved a general distribution of the equivalent of $650 billion in Special Drawing Rights units (456 billion units) to its members, to support global liquidity.

Of the allocated funds, $275 billion went to developing countries, of which $25 billion went to members of the CIS (member states of the former Soviet Union) and Georgia, from which Russia received $17.5 billion.

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Samson: The Governor of the Central Bank of Iraq chairs the meeting of the Supreme Committee for Financial Inclusion in Iraq

22nd August, 2021

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, chaired the meeting of the Higher Committee for Financial Inclusion in Iraq

The attendees stressed the importance of the committee's role in spreading financial inclusion, its economic and social dimensions, and other important aspects. The need to draw an integrated vision for financial inclusion was discussed, especially since this issue is of interest to all countries, not only in Iraq, especially since its goals are multiple, foremost of which is the inclusion of all segments of society with banking services, which is no longer a secondary issue but a daily necessity.

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Samson: The Arab Monetary Fund publishes the "Strategies for adopting DLT/Blockchain Technologies in Arab Countries"

18th August, 2021

Great opportunities for enhancing financial services by fostering the use of DLT/ Blockchain Technologies in Arab Countries

Guidelines and roadmap on how to embrace these technologies in the financial sector, how to employ it properly and the related requirements

The Arab Monetary Fund (AMF) issued today Tuesday, August 17, 2021, Policy Guide on “Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries” prepared by the Arab Regional Fintech Working Group (WG), which AMF has its technical secretariat. The guide is being issued in the framework of the Fund's endeavours to promote awareness of the requirements for developing Fintech industry and supporting digital financial transformation efforts in Arab countries.

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Samson: 40 billion dollars are smuggled from Iraq annually... How and where does it go?

16th August, 2021

Representative Riyadh Al-Masoudi said that approximately 40 billion dollars are smuggled from Iraq annually to several countries, including Arab countries.

Al-Masoudi said that "all Iraqi official reports confirm that Iraq's need for goods and services annually ranges between 15-20 billion dollars, but the dollar sold in the currency auction (for the purpose of importing from abroad), ranges between 60-70 billion dollars, meaning that there are about 40 One billion dollars is outside the actual needs of the Iraqi markets.”

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Samson: Parliamentary Finance: The exchange rate will remain the same for the next five years

15th August, 2021

Today, Sunday, the Parliamentary Finance Committee determined that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.
The next period for the next five years is based on a description that the real value of the Iraqi dinar is determined by the exchange of the dollar against the dinar in addition to the purchasing power of the Iraqi dinar and the net goods and services produced during a certain period.

He continued, "The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this the main goal that the government seeks by filling the budget deficit.”

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Samson: Việt Nam remains attractive destination for US investors

9th August, 2021

Việt Nam remains an attractive destination for US investors in the Indo-Pacific, heard a webinar recently held by The Asia Group.

The event aimed to share business opportunities and updates on the fight against COVID-19 and economic prospects in Việt Nam, drawing over 40 executives and representatives from US firms in the fields of energy, finance, technology and manufacturing such as Blackstone Group, Google, Facebook, Ford, UPS and Walmart.

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Don961: The Central Bank and the Association of Private Banks hold a workshop on “Qualifying Digital Transformation Leaders”

Economy News - Baghdad

The Association of Iraqi Private Banks, under the auspices of the Central Bank of Iraq, organized a workshop on "Qualifying Digital Transformation Leaders" in Dhi Qar Governorate.

This program provides free training courses in various disciplines from the global “Coursera” platform, which is considered the highest rated and in various disciplines that help them in the labor market (economics, accounting, programming, design, languages, marketing, etc.) in addition to a certificate recognized by universities and institutions A global leader in various disciplines and fields.