Tuesday AM Iraq CBI News Highlights 11-22-22
A Statement From The Central Bank Regarding The Launch Of The 20,000 Dinars Category
money and business Economy News-Baghdad The Central Bank of Iraq announced that it is still too early to launch a currency of 20,000 dinars into circulation.
An official source in the bank said in a statement to the official newspaper, “The bank is still in the process of preparing to study, design, and the extent of the impact of that currency on Iraqi society,” noting that it is too early to print it and release it for circulation during the next near stage.
And he indicated that “the issuance of this paper will improve the national chain of banknotes, in addition to that it will add an intermediate category of banknotes, which will facilitate cash circulation among citizens.”
The source confirmed that “no old cash categories will be withdrawn, and this category will be added to the rest of the categories with the aim of improving and enriching cash circulation.”
And he pointed out that “the bank is in the process of understanding and agreeing with the discreet printing houses to choose the colors and security characteristics of the papers and other technical and procedural details.” Views 153 Added 11/21/2022 – 9:48 AM Updated 11/21/2022 – 2:27 PM
https://economy-news.net/content.php?id=30923
Most Of Them Are Foreign Transfers.. The Iraqi Central Bank’s Sales Drop To Less Than $100 Million
2022-11-22 05:27 Shafaq News/ The Central Bank’s dollar sales decreased, on Tuesday, to less than $100 million, with the participation of 31 banks.
Shafaq News agency reporter stated, “The Central Bank sold today, during its auction for buying and selling US dollars, 96 million 552 thousand and 502 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, after sales on Monday were 152 million dollars.
Our correspondent added that most of these sales went to consolidate the balances abroad in the form of transfers and credits, amounting to 67 million and 702 thousand and 502 dollars, while the rest went in the form of cash sales, which amounted to 28 million and 850 thousand dollars.
Our correspondent indicated that 18 banks have met requests to consolidate balances abroad, and 13 banks have met cash requests, in addition to 182 financial intermediation companies. LINK
Vice Reveals The Reason For The Decline In Central Bank Sales
1,072 Today, Sunday, the deputy of the State of Law coalition, Muhammad Al-Shammari, attributed the decrease in the central bank’s sales of dollars in the currency sale auction to the new government’s control of currency smuggling and money laundering.
Al-Shammari said in a press interview, which was seen by “Takadam”, that “the decrease in the central bank’s sales of dollars in the currency auction occurred after controlling and laundering all the money that was entering the category of smuggling,” stressing that “the Sudanese made a correct start by standing in the face of all those He was making profits from selling hard currency for very high amounts, especially in the recent period.”
He added, “The features of the work of the new government began to appear through a number of files that were dealt with in the period that followed the previous caretaker government.”
He pointed out that “there are many officials who have been dismissed or held accountable for all the files that were hacked in the caretaker government headed by Mustafa Al-Kazemi.”
Deputy For The Rule Of Law Reveals The Reason For The Decline In Sales Of The Central Bank
Economie 22:43 – 2022-11-20 Today, Sunday, the deputy of the State of Law coalition, Muhammad Al-Shammari, attributed the decrease in the central bank’s sales of dollars in the currency sale auction to the new government’s control of currency smuggling and money laundering.
Al-Shammari said, “The decrease in the central bank’s sales of dollars in the currency auction occurred after controlling and laundering all the money that was entering the field of smuggling,” stressing that “the Sudanese made a correct start by standing in the face of everyone who was reaping profits from selling hard currency in sums.” very high, especially in the recent period.
He added, “The features of the work of the new government began to appear through a number of files that were dealt with in the period that followed the previous caretaker government.”
He pointed out that “there are many officials who have been dismissed or held accountable for all the files that were hacked in the caretaker government headed by Mustafa Al-Kazemi.”
https://kirkuktv.net/AR/Details/10839
Bank Sales Rise To More Than $150 Million
Shafaq News/ The Central Bank’s dollar sales rose, on Monday, to more than 150 million dollars.
Shafaq News agency reporter stated, “The Central Bank sold today, during its auction for the sale and purchase of US dollars, 152 million and 435 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, after the sales of yesterday, Sunday, were 108 million dollars.
Our correspondent added that most of these sales went to consolidate the balances abroad in the form of transfers and credits, amounting to 119 million and 35 thousand dollars, while the rest went in the form of cash sales, which amounted to 38 million and 400 thousand dollars.
Our correspondent indicated that 18 banks have met requests to consolidate balances abroad, and 16 banks have met cash requests, in addition to 117 mediation companies. LINK
Al-Nusairi Announces The Release Of His New Book, “The Central Bank Of Iraq…The Journey Of Challenges And Achievements 2003-2022”
Money and business Economy News-Baghdad On Monday, the economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, announced the issuance of his new book tagged (The Central Bank of Iraq..The Journey of Challenges and Achievements 2003-2022) by the Palette Center for Printing and Publishing on the occasion of the 75th anniversary of the founding of the Central Bank of Iraq, which happened last week.
Al-Nusairi, accompanied by Ali Tariq, Executive Director of the Association of Banks, visited the Governor of the Central Bank and gave him the first copy of the book.
The governor and the president of the association praised the efforts exerted in writing the book and gave thanks and appreciation to Al-Nusairi for his role in documenting the march of challenges and achievements of the Central Bank and the banking sector in supporting, stimulating and revitalizing the national economy over twenty years.
The book (the document) included 10 chapters, 40 topics, and appendices to documents, controls, regulations, strategies, data, tables, and statistical figures, with a total of 450 pages.
The book reviews the challenges that the Central Bank of Iraq faced during twenty years, the policies, programs and strategies it adopted and the achievements that achieved its goals contained in its effective law 56 of 2004 and the contribution of rational applications of monetary policy to achieving growth and stability in the monetary system in conditions of economic stagnation and financial crises and building an adequate precautionary foreign cash reserve and controlling Money supply, maintaining the stability of the exchange rate, improving the balance of payments, stabilizing the general level of prices, and reducing inflation.
The Central Bank had an important role in stimulating, supporting and revitalizing the economy by rediscounting treasury bonds and launching and following up the implementation of its financing initiatives in financing small, medium, housing and investment projects.
It is noteworthy that this book is the eleventh by the author, and that all these books discuss the fields of economic, banking and documentation reform.
Al-Nusairi announces the release of his new book, “The Central Bank of Iraq…The Journey of Challen WhatsApp%20Image%202022-11-21%20at%2011_33_25%20AM%20(1)
Views 82 Added 11/21/2022 – 11:39 AM Updated 11/21/2022 – 2:27 PM
https://economy-news.net/content.php?id=30926
