Clare: Masrour Barzani holds discussions with the Governor of the Central Bank
Today, Thursday, October 19, 2023, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, received the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq.
The meeting witnessed a discussion of ways to enhance coordination and cooperation between the Kurdistan Region and the federal government, especially between the Central Bank with regard to reforming the banking sector, intensifying money laundering efforts, and working to achieve economic stability.
The Prime Minister referred to the (My Account) project and initiative, and expressed his thanks and appreciation for the support of the Governor of the Central Bank and Federal Prime Minister Muhammad Shiaa Al-Sudani in this regard, stressing that the progress of the Kurdistan Region represents progress for all of Iraq in the interest of all citizens.
At the conclusion of the meeting, the two sides agreed on the importance of continuing and enhancing coordination and cooperation in order to achieve economic development and financial stability. LINK
Clare: The National Investment Authority announces the opening date of a branch of Al-Rafidain Bank in the Bismayah Residential Complex
The head of the National Investment Authority, Haider Muhammad Makiya, announced the opening date of a branch of Al-Rafidain Bank within the Bismayah Residential Complex project.
The Chairman of the Authority confirmed in a statement, “This step came within the plan prepared by the National Authority to facilitate the provision and delivery of services to citizens, and the ease and speed of paying installments for the residential units of the complex, as well as other banking services that the bank will provide.”
Makiya added, “The Central Bank agreed to open the office within the Bismayah complex, to implement its programs and banking service plans for the residents of the complex in general.” LINK
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying in news that the decision to raise interest rate in Iraq will increase the banking sector. FRANK: The only reason they’re talking about raising the interest rate is because your exchange rate is about to go up in value…
Mnt Goat …we have learned that the global system for the automation and modernization of customs (ACYCUDA) project is making headway. This system will require a link to the international currency exchange to convert rates of currencies between countries for up-to-the-minute rates. The system is planned to take in any international currency not just the US dollar for payments of customs duties and tariffs. With this is a huge plan to make Iraq a central hub for commerce in the middle east and this revenue, as they told us, could rival the oil revenue. This new ACYCUDA system is due to come online when? …does January 2024 sound familiar?…Just be patient, the reinstatement is coming.
October 19, 2023
Unfortunate News For Chase Bank And Bank Of America…
Atlantis Report: 10-19-2023
JP Morgan Chase Bank, Bank Of America, and Goldman Sachs are currently facing troubling news. Analysts insist that the financial system is in shambles, and they have a lot of evidence to show for it.
Yet, for the longest time, we have continued to move like all was well. That is until we started seeing banks like the SVB shut down and depositors panicking hastily to secure their money.
Now, industry experts are saying this is only the beginning. Today, we have troubling news from two giants as well. Chase Bank and Bank Of America are going through difficult times, and this cloud seems void of a silver lining.