.KTFA:

Samson: Al-Rasheed Bank will close its doors tomorrow, Sunday.. for this reason

07/02/2022 13:40:32

Al-Rasheed Bank announced the closure of its doors on Sunday, for the purposes of the semi-annual application.

And the media office of the bank stated, in a statement that {Al-Furat News} received a copy of it, that "the conduct of banking transactions for customers will be stopped with the continuation of the normal working hours for all branch employees, and work will be resumed on the second day." LINK

.KTFA:

Samson: The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves

2nd July, 2022

The Central Bank of Iraq revealed today, Saturday, the size of the gold reserves in the country, and while it expected the hard currency reserves to reach 90 billion US dollars, it confirmed that it was not possible to change the exchange rate.

Deputy Central Bank Governor Ammar Khalaf said in a statement to a number of media outlets, including Shafak News Agency, that "it is hoped that the bank's reserves of hard currency will reach 90 billion US dollars," explaining, "We now have more than 70 billion dollars."

Khalaf pointed out that "Iraq's gold reserves are currently more than 100 tons, after we bought more than 30 tons during this period."

.KTFA:

Samson: Al-Rafidain participates in the largest financial exhibition in Iraq, which will start tomorrow

07/01/2022 10:55:33

Al-Rafidain Bank is preparing to participate in the Iraq Finance Conference and Exhibition, which will be held on the grounds of the Baghdad International Fair tomorrow, Saturday, and will last for 3 days.

The media office of the bank stated, in a statement, that the agency {Euphrates News} received a copy of it, that "this important event is one of the largest exhibitions in Iraq, and alongside Rafidain Bank, many banks and other financial companies will participate in an event organized annually and collecting expertise in the banking field."

KTFA:

Vietnam : Central bank sold roughly $7 billion to stabilise forex market

24th June, 2022

The State Bank of Việt Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market, according to the Viet Dragon Securities Corporation (VDSC).

The USD/VNĐ exchange rate listed at Vietcombank has so far this year increased by approximately 2 per cent.

The average rate of commercial banks according to Bloomberg's statistics in the period has increased by about 1.7 per cent.

KTFA:

Samson: Russia announces 70 banks joining a new financial system away from "SWIFT"

1st July, 2022

The Russian Central Bank announced that 70 foreign banks from 12 countries have joined the alternative Russian trading system for the global "Swift" network.

The President of the Bank, Elvira Nabiullina, said that the Russian Central Bank will not disclose the list of these banks due to the fear of these banks that they will be affected by Western sanctions, for their dealings with the Russian financial system in light of the continued imposition of more sanctions by the European Union and the United States of America

.KTFA:

Samson: The emergency support law enters into force .. Will the government challenge it?

30th June, 2022

Today, Thursday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced the entry into force of the Emergency Support Law, after more than fifteen days had passed since its enactment.

Saleh told (Baghdad Today), "The law stipulates that there is a group of deputies requesting the legislation of a law within the parliament that does not have a financial aspect."

He added, "The law has that aspect, but the government will not object or challenge it in the Federal Court because it needs its paragraphs and is linked to the payment of dues to ministries and citizens, such as contracts and others."

.KTFA:

Samson: The Russian Central Bank Introduces A New Banknote

30th June, 2022

The Russian Central Bank offered, on Thursday, a new 100-ruble banknote, and the regulator announced that the new banknote would be put into circulation starting today (June 30, 2022).

The front side of the new banknote contains the Spasskaya Tower, the main tower of the eastern wall of the Kremlin, also known as the clock tower, while the reverse contains the Rzhevsky monument to the Soviet soldier.

The new banknotes are treated with special materials for added protection, and contain a QR code that takes the user to the central bank's website. LINK

.KTFA:

Samson: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange

{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, surprised the Iraqis about the possibility of changing and reducing the exchange rate of the dollar against the dinar.

Saleh said on the program “Al-Mastra” broadcast by Al-Furat satellite channel this evening: “We need to cook on a quiet fire and monitor prices until the end of 2022, oil prices and foreign reserves,” stressing that “a change in the exchange rate is possible, but it requires patience and careful study.”
He pointed out that “there are fixed facts on the ground.

The exchange rate of the dinar to the dollar follows stability, and it is not arbitrary, but rather a contract between the Central Bank of Iraq and the Ministry of Finance, because the foreign currency offer comes from the Ministry of Finance 100%, which is the only source for it in the country.”