Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Dinar Guru Updates Iraq

Central Bank Governor: Washington responds to all the dollar needs of Iraq and a meeting with it next month

November 24, 2023
in Iraq
Share on FacebookShare on Twitter

{Economic: Al-Furat News} The governor of the Central Bank, Ali Al-Alaq, announced that the Federal Bank and the US Treasury are responding to all requests for what Iraq needs from the dollar.

 

Al-Alaq said in a press interview that “the Iraqi Central will hold a meeting with the US Treasury and the Federal Bank early next month in Dubai,” noting that “radical steps have been put in the framework of reorganizing trade on the right bases,” pointing out that “the electronic platform will end early next year.”

He pointed out that “the Central Bank will come out of the process of conducting the executive aspects in external transfer and its role is limited to supervision, and we worked to find a new relationship between Iraqi banks and internationally accredited correspondent banks abroad.”

He continued, “We succeeded in opening more than 40 accounts for Iraqi banks with correspondent banks abroad, and we put in place radical solutions to end speculative operations and dollar smuggling, and we were able to diversify currencies in foreign transfers.”

Al-Alaq indicated that “import operations in the Chinese yen and the euro have been in force for a while and imports in the UAE dirham will begin next week,” stressing that “there are preliminary understandings with the Turkish side to make transfers through Turkish banks in the euro currency.”

He pointed out that “the US Federal Bank provides support in creating a relationship between Iraqi banks and correspondent banks,” noting that “the opening of accounts for Iraqi banks occurs for the first time, and that the rejection of remittances in the electronic platform began to decline and no restrictions on Iraqi funds abroad.”

Al-Alaq continued by saying, “We began to supply the dollar inward from the accounts of Iraqi banks abroad, and the supply of the dollar comes from what is in the accounts of Iraqi banks abroad, and the Central Bank is studying the request of the bank that supplies the dollar and its needs before giving approval.”

He explained that “the supply of the dollar supports reserves in the central bank and there is a broad reform plan that includes the merger of private banks and the correction of their conditions and the Central Bank is working with the government on a broad plan to develop government banks, which represent the greatest weight in the banking sector.”

He revealed the diagnosis of some traders who put pressure on the dollar cash in the market without following fundamentalist import operations, and the government is working to overcome the episodes that pressure the cash exchange rate, pointing out that “the government issued a decision not to deal with the dollar locally with a study except for some cases.”

Al-Alaq concluded by saying, “There will be follow-up operations in the market and commercial stores to ensure that they enter with an external transfer of assets and there will be besieged operations for each category that pressure the cash dollar in the market.”

https://alforatnews.iq/news/

Tags: “allandbankcentraldollar?governoriraqmeetingmonthneedsnext!respondsthewashingtonwith
Previous Post

The Governor of the Central Bank: Our communication continues with the US Federal Reserve and the US Treasury

Next Post

Clare

Related Posts

Syria Just Got Sanctions Relief, Iraq is Next

Syria Just Got Sanctions Relief, Iraq is Next

May 24, 2025
Trump’s One Big Beautiful Bill and an IQD Update “The Quiet Phase”

Trump’s One Big Beautiful Bill and an IQD Update “The Quiet Phase”

May 22, 2025
Iraq Updates 05-16-2025

Iraq Updates 05-16-2025

May 16, 2025
Iraq’s Trade Bank Just Passed JPMorgan Chase’s Global Systems Test

Iraq’s Trade Bank Just Passed JPMorgan Chase’s Global Systems Test

May 16, 2025
What Day is Iraq Hosting the Arab Summit?

What Day is Iraq Hosting the Arab Summit?

May 13, 2025
This is What you were Waiting for regrading IQD

This is What you were Waiting for regrading IQD

May 10, 2025

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved