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The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank LINK

MilitiaMan: There is a 15 page pdf file on this subject out from the CBI in Arabic. It goes into detail for letters for credit and guarantees. All of it on and about their electronic platform.. They are readying to get this country into an international environment for trade.

The likes of the World Bank, International Monetary Fund, US Treasury, American Chamber of Commerce, etc.. of late are all about moving forward and apparently finalizing necessary formalities. The document is instructions on the implementation and rules of the platform, letters of bank credits and guarantees.

All items are looking to be in place now or at least well underway.. A good thing.. imo ~ MM

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Samson: Integrity clarifies the circumstances regarding the theft of 3.7 trillion dinars

16th October, 2022

The Federal Integrity Commission clarified the circumstances that accompanied the news of the theft of more than (3.7) trillion Iraqi dinars from the General Tax Authority, and the publication of a book by the Ministry of Finance entitled to the authority.

The authority, while talking about the book circulated by some media and social networking sites and issued by the Ministry of Finance entitled the Integrity Commission, stated that the authority confirms that the case has been investigated and is now before the judiciary, and it will accompany the information contained in the Ministry of Finance’s book after it is organized according to Minutes with investigative papers and deposited with the judiciary; for the latter to issue the appropriate decisions against the defaulters.

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Samson: Iraq tops the list of Arab countries with economic growth for 2022

12th October, 2022

Iraq is heading towards achieving the highest economic growth rate among the Arab countries for the year 2022 by 9.3%, and half a percentage point higher than the expectations of April, taking advantage of the rise in oil prices

This came according to a report issued by the International Monetary Fund for the month of October, which was reviewed by "Al-Iqtisad News", and it was titled "Global Economic Prospects"

According to the fund's report, it estimates the average price of a barrel of oil at $98 this year, to drop to $85.5 next year 2023

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Clare: Blackshart to Al-Sudani: We expect the government program to address a long list of urgent issues 10/14/2022 LINK

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Clare: The United Nations: Assigning Al-Sudani to form a government paves the way for addressing Iraqi issues

Friday 14 October 2022

- The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed that assigning candidate Muhammad Shia Al-Sudani to form the new government paves the way for addressing urgent and outstanding issues in Iraq.

"On behalf of the United Nations Assistance Mission for Iraq, I would like to extend my sincere congratulations to you on the occasion of your assignment as Prime Minister of the Republic of Iraq," Plasschaert said, in a press statement today, Friday.

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Samson: Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars

11th October, 2022

The Parliamentary Investment and Development Committee considered that Iraq, "for the first time since the establishment of the Iraqi state," has so far had an abundance of money that neighboring countries do not possess

Committee member Hussein Al-Sabri said, "Iraq has a financial abundance of more than 86 billion dollars and does not need aid, and thus Iraq's economic strength has become very large, as Iraq, for the first time since the establishment of the Iraqi state until now, has financial abundance that neighboring countries do not possess, they are all negative and have economic problems, as do European countries

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Samson: Al-Mandalawi: A request signed by 170 deputies to hold a session to elect the President of the Republic next Wednesday

10/10/2022 15:06:13

First Deputy Speaker of Parliament Mohsen Al-Mandalawi revealed today, Monday, that he had received a request signed by 170 deputies to hold a session to elect the president of the republic.

A parliamentary source told Al-Furat News: "Al-Mandalawi received a request signed by 170 deputies to hold a session to elect the president of the republic next Wednesday."

He added, "Al-Mandlawi promised that the request would be discussed and decided upon by the parliament's presidency." LINK

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Việt Nam's GDP projected at 7% in 2022: AMRO

7th October, 2022

The ASEAN+3 Macroeconomic Research Office (AMRO) has joined many international organisations in revising up Việt Nam’s GDP growth this year thanks to the country’s strong performance since early this year and success in containing inflation.

In its quarterly update of the ASEAN+3 Regional Economic Outlook released on Thursday, Việt Nam’s economy is projected to expand by 7 per cent in 2022, up from 6.5 per cent in its July forecast and making it the second-highest gainer in the region this year after Malaysia with expected growth of 7.3 per cent.

Việt Nam’s GDP will likely slow down in the next year to 6.5 per cent, topping the region and followed by the Philippines at 6.3 per cent.

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Clare: The Central Bank: We will not print a currency higher than 50 thousand Iraqi dinars

06/10/2022 Baghdad -

the Central Bank of Iraq confirmed, today, Thursday, that the new twenty thousand category will carry high security marks, and while he pointed out that there is no tendency to print a category higher than 50 thousand, he revealed that the volume of cash circulating in Iraq is 84 trillion dinars.

Central Bank Adviser Ihssan Shamran Al-Yasiri said that "the printing of the new 20,000 dinars denomination is part of the normal monetary practices of the Central Bank and within the framework of reconsidering the structure of the national banknote series."

He added, "This category will be an intermediate currency structure and will be enhanced with high security marks from the latest globally and will provide an addition to smaller denominations such as the five thousand and ten thousand."

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Samson: Bloomberg: A trillion dollars evaporate from global foreign exchange reserves!

6th October, 2022

Global foreign exchange reserves are declining at the fastest pace ever, as central banks intervene from east to west to prop up their currencies.

According to data compiled by Bloomberg, reserves have fallen by nearly $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since it began compiling the data in 2003.

Much of the decline is due to valuation changes. With the dollar jumping to its highest levels in two decades against other reserve currencies, such as the euro and the yen, the dollar has thus reduced the value of these banks' dollar holdings. But dwindling reserves also reflect pressure in the currency market that is forcing an increasing number of central banks to turn to their currency assets to stave off a decline.

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Samson: World Bank: Oil developing countries will achieve 4% growth led by Iraq

6th October, 2022

The World Bank expected that developing oil-exporting countries are expected to join the Gulf Cooperation Council and achieve growth, but at lower levels, with expectations that 2022 will witness a rise in growth rates to 4.1%, led by Iraq, with growth reaching 2.7% in 2023

The World Bank added, in the latest report on economic developments in the Middle East and North Africa, entitled "Enhancing Transparency and Accountability in the Region", that the economies of the Middle East and North Africa region will grow by 5.5% in 2022, to record the fastest growth rate since 2016, to reach The pace of growth to 3.5% in 2023, while it is estimated that growth in the Gulf Cooperation Council countries will accelerate to 6.9% in 2022, driven by hydrocarbon exports, with a growth rate of 3.7% in 2023