Iraq Economic News and Points to Ponder 4-17-2024
Tlm724 Administrator Bondlady’s Corner
The Prime Minister sponsors the signing of memorandums of understanding with American companies
Wednesday 17, April 2024 2| Political Number of readings: 93 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani sponsored the signing ceremony of memorandums of understanding between the Ministries of Oil and Electricity, the Iraq Fund for Development and American companies, as well as the Iraqi private sector with a number of American companies in the field of energy and pharmaceutical industry./ End 2 https://ninanews.com/Website/News/Details?key=1121705
Warning From The Central Bank Regarding Fake Dollar Purchases
Economy | – 04/17/2024 Mawazine News – Baghdad Today, Wednesday, the Central Bank issued a warning about fake dollar purchases.
The Central Bank said in a statement received by Mawazine News, “Fake pages on social media sites bearing the names of licensed exchange companies promote through social media sites the sale of dollars at the official rate, where the citizen enters the link for the fictitious companies for the purpose of booking an appointment for travelers to receive the dollar,” indicating “The fake pages give the victim instructions and instructions to deposit the dinar.”
The Directorate of Supervision of Non-Banking Financial Institutions stated that “obtaining this type of service is done through electronic reservation on the company’s official website (if any) and that the deposit process takes place exclusively at the company’s headquarters.”https://www.mawazin.net/Details.aspx?jimare=246127
Al-Maliki’s Coalition: Al-Sudani’s Speech In The White House Is Frank And Courageous
Political | – 04/17/2024 Mawazine News – Baghdad The leader of the State of Law Coalition, Firas Al-Muslimawy, confirmed that Al-Sudani’s speech in the White House was characterized by courage, frankness and strength.
Al-Muslimaoui said, in a televised interview followed by Mawazine News, that “the plan prepared by the Sudanese before his visit to the United States of America was related to the most controversial issues in the Iraqi street, which are the removal of the international coalition forces and the reduction of the price of the dollar.”
He added, “During his visit to Washington, Al-Sudani stressed the activation of the security agreement between Iraq and the United States of America, pointing out that Al-Sudani, during his visit, did not forget the firm position of Iraq, government and people, and heart and soul, with the Palestinian issue.”
He pointed out that “Iraq currently enjoys full sovereignty and is in a state of continuous development, pointing out that Al-Sudani was clear in his position of disagreement with Biden on the Gaza issue.”
https://www.mawazin.net/Details.aspx?jimare=246162
Regarding The Outcomes Of The Iraqi Delegation’s Meeting With Biden… Politician: An Empty Media Aura
Political | – 04/17/2024 Mawazine News – Baghdad Political affairs researcher, Nadim Al-Jabri, today, Wednesday, criticized the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, pointing out that this visit is no different from the visits of previous presidents, neither fattening nor weakening.
Al-Jabri said in a televised interview followed by Mawazine News: “There is exaggeration and exaggeration in dealing with this visit as if it will achieve the greatest conquest of the country. He stated that it is a realistic and required visit, given that the United States is still the official, practical and realistic sponsor of the political process in Iraq.”
He added, “The meeting between the Iraqi delegation headed by Prime Minister Muhammad Shia al-Sudani and the entire American president did not exceed one hour, and when looking at the details of this hour between the reception, seating, and entry of media personnel, the meeting and discussions resumed according to the announced schedule, perhaps for a period not exceeding twenty minutes, and without a doubt that This time allocated to meet the two presidents will not be sufficient time to discuss important strategic issues.”
He pointed out that “America is not counting on this visit, and if it were as concerned about it as the Iraqi media is, it would have come early and not delayed it for up to two years, indicating that the Biden administration carries messages and observations to the Sudanese government.”
https://www.mawazin.net/Details.aspx?jimare=246167
Political Praise For Sudanese’s Visit To Washington: It Will Improve The Atmosphere And Improve Relations
Political | – 04/17/2024 Mawazine News – Baghdad, a researcher in political affairs, Atheer Al-Sharaa, today, Wednesday, praised the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, pointing out that this visit will improve the atmosphere and improve relations between the two countries.
Al-Sharaa said in an interview with Mawazine News: “This visit is a ray of hope and a glimmer of success that is relied upon by rational people inside and outside Iraq, and that it will turn the political situation upside down.”
Al-Sharaa condemned, “Some politicians obstructing the government’s steps, considering these actions to stop the process of government success that is to be achieved.”
He stressed that “foreign policies are working seriously to improve and improve the type of relationship between them and America and neighboring countries, indicating that America considers that it was the one who liberated Iraq, noting that “there is a media trying to put an end to the American presence in the country.”
He continued, “There must be a necessity Dealing with the United States and its allies from other countries according to the priority of the national interest, forgetting all other considerations, pointing out that this visit will succeed according to the agenda and will improve the type of relationship between Baghdad and Washington, considering the birth of a new phase.”
The Iraqi Private Banks Association Praises Al-Sudani’s Visit To Washington
Economy News – Baghdad The advisor to the Iraqi Association of Private Banks, Samir Al-Nusairi, stressed on Wednesday the importance of the visit currently being conducted by Prime Minister Muhammad Shia Al-Sudani to Washington with regard to financial and banking discussions.
Al-Nusairi said in a televised interview followed by Al-Eqtisad News, “Prime Minister Muhammad Shiaa Al-Sudani and his accompanying delegation held an important meeting in Washington with the Undersecretary of the US Treasury to discuss areas of cooperation in the financial and banking aspects.”
He added, “The meeting came out with an official statement that made it clear that there are measures that will be taken in light of what took place in these negotiations,” noting that “there is great government interest in achieving the financial and economic reform process, and there is American praise for this reform process.”
He revealed that “21 private Iraqi banks opened 40 accounts in correspondent banks during the last period,” explaining that “these private banks are now dealing directly with correspondent banks with regard to external transfers, which means that the electronic platform will gradually be canceled and left at the end of the year 2024, and this What was agreed upon during the Prime Minister’s current visit to Washington is consistent with the strategy of the Central Bank of Iraq.”
Al-Nusairi pointed out that “the Iraqi banking sector hopes that this visit will achieve its goals with regard to the rehabilitation process that the Central Bank of Iraq began in 2023 by complying with international standards.”
He continued, “Next month, three Iraqi banks will be added to those that opened an account in the United Arab Emirates, in addition to those that have correspondent banks in some countries of the world and practice financing foreign trade operations in the dollar and other foreign currencies.”
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Al-Sudani Receives In Washington The Chairman Of Jpmorgan
Economy News – Baghdad On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani stressed the necessity of carrying out reforms in the banking sector in order to achieve development in the country, while pointing out that the government is implementing projects that will achieve sustainable development.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, at his residence in the American capital, Washington, the President of JP Morgan Bank, Mr. Masha Klovoksy, and his accompanying delegation, and during the meeting, the government’s efforts in implementing financial and banking reforms were discussed.”
In light of the path it is taking towards improving the economic situation and achieving development, in addition to discussing the government’s measures to develop the government banking sector, through its contracts with major international consulting companies specialized in banking reform, and encouraging private banks to open accounts with foreign banks to be correspondent banks, according to A plan aims to dispense with the electronic platform at the end of this year.”
Al-Sudani stressed, according to the statement, that “it is possible to work in any development sector without reform steps for the banking sector, and the necessity of continuing the dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions.”
For his part, Klovsky praised “the efforts of the Iraqi government to activate, develop and rehabilitate government and private banks, and its procedures in the field of providing assistance to private Iraqi banks,” stressing “its support for the activities of the Iraq Fund for Development and its readiness to provide expertise and assistance in the field of training, cooperation and partnership.”
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