Clare: Minister of Finance stresses the need to adhere to timetables to achieve economic reforms
Minister of Finance Taif Sami Mohammed stressed, today, Thursday, the necessity of adhering to the timetables to achieve economic reforms.
A statement by the ministry – received by the Iraqi News Agency (INA) – stated that “Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program items related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discuss the challenges facing the implementation of the program.”
The minister stressed – according to the statement – “the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability.”
The statement added that “the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been accomplished so far, in addition to discussing ways to accelerate the pace of reform in vital sectors.
Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens.”
The statement concluded that “the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth.“
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Clare: Trade Bank of Iraq announces measures to support exchange rate stability
The Trade Bank of Iraq (TBI) announced on Wednesday that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.
The Director of the Tahrir Branch at the Iraqi Bank, Yarab Al-Hashemi, said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “the bank’s management has taken a series of measures that would stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank’s branches, which had an impact on the speed of completing merchants’ transactions and the smoothness of financial transfers and eliminating the momentum in that.”
He added, “There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively.”
Prime Minister Mohammed Shia Al-Sudani directed “intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises that the region is going through; to achieve personal profits and benefits
at the expense of the public interest of the country.”
