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The Central Bank of Iraq confirms that it will not grant a license to any encrypted digital currency

Friday 14 January 2022 11:15 | economic    Number of readings: 252

Baghdad / NINA / – The Central Bank of Iraq has warned against the use of digital, encrypted and virtual currencies, stressing that no license is currently granted to any encrypted digital currency.

And the bank’s management stated, in a press statement, that it “closely follows up transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq.”

The Central Bank of Iraq warned against using it, to avoid any negative repercussions resulting from dealing with those currencies, which have high volatility and speculation in them, stressing that

“it does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.” LINK

The Central Bank and the Association of Banks visit the two branches of Cihan and Kurdistan Banks

 

January 17, 2022    The Central Bank and the Association of Banks visit the two branches of Cihan and Kurdistan Banks

 

A delegation from the Central Bank of Iraq and the Association of Iraqi Private Banks visited the two branches of Cihan and Kurdistan Banks in Baghdad to check on the two branches and their employees.

 

The Deputy Governor of the Central Bank and the President of the Association of Banks arrived at the two branches on Monday morning, corresponding to 17/1/2022, and met the two branches’ administrations and employees..

 

They affirmed the support of the Central Bank, the Association and the banking sector with them, and conveyed the greetings of the Governor of the Central Bank and the heads of bank boards and their wishes for the continuation of giving in Unlimited support from the Central Bank of Iraq remained.

 

It is reported that the two branches were subjected to two acts of vandalism at the same time, causing minor damage.   Central Bank of Iraq  information Office  1/17/2022  LINK

Al-Kazemi’s Advisor Presents A Proposal To Counter Oil Price Fluctuations

 

Economie    Yesterday, 15:55  Baghdad – conscious – Nassar al-Hajj  Today, Monday, Adviser to the Prime Minister, Mazhar Muhammad Salih, announced a mechanism to invest in the rise in oil prices, while presenting a proposal to confront price fluctuations.

 

Saleh told the Iraqi News Agency (INA): “The hypothesis of a rise in oil prices to annual rates of approximately $125 per barrel and over multiple years, requires opening the budget to employment-generating and income-generating projects, whether from the state’s investment budget or supporting the private sector’s investment and productive activities. soft loans from budget revenues.

 

He stressed, “the importance of hedging the risks of price fluctuations through a fund or account concerned with the stability of the budget and is fed annually with a percentage of the surplus oil revenues, to face the risk of low oil prices in unexpected future conditions on the activity of public finances and within the cycle of oil assets.”    https://www.ina.iq/146539–.htm

 

Directive From The Prime Minister Of Jordan To Overcome Obstacles To Iraqi Investors

 

Political     Yesterday, 19:21   Baghdad – INA, Ambassador Haider Al-Adari announced today, Monday, directing the Jordanian Prime Minister, Bishr Al-Khasawneh, to overcome the obstacles facing Iraqi investors in the Kingdom, as permitted by laws and instructions.

 

The Embassy of the Republic of Iraq in Amman stated in a statement received by the Iraqi News Agency (INA), that “Ambassador Al-Adhari met Al-Khasawneh, accompanied by the Iraqi commercial attaché Nabil Al-Karbouli, the head of the Iraqi Business Council Majid Al-Saadi, a number of council members and prominent Iraqi investors and industrialists.”

 

She added, “Al-Adhari discussed with Al-Khasawneh the economic relations between the two countries and the investment file in particular, especially with regard to Iraqi investors in the Kingdom, in the meeting attended by the Jordanian Minister of Industry, Trade and Supply Youssef Al-Shamali, the Minister of Investment Khairy Amro and the head of the Jordan Chamber of Industry Fathi Al-Jaghbir.”

 

The statement stated that “the atmosphere of the meeting was positive, as the Jordanian Prime Minister directed to support efforts that enhance economic cooperation between the two countries and to overcome the obstacles faced by Iraqi investors in the Kingdom, as permitted by relevant laws and instructions.”

 

For his part, Al-Khasawneh stressed that “King Abdullah II attaches the utmost importance to investment, and seeks to strengthen the complementary relationship with Iraq and within the framework of tripartite cooperation between Jordan, Egypt and Iraq in various fields, hoping to accelerate the pace of completion of joint projects between the two countries more and more,” noting that

 

“The Jordanian Industries Exhibition, which was held recently in Baghdad, translates the strength of economic relations between the two brotherly countries.”    https://www.ina.iq/146557–.html

 

 

 

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 

https://www.bondladyscorner.com/

 

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