KTFA: Frank26: “AND SO DOES THE INTERNATIONAL WORLD”………F26
The Arab Monetary Fund expects the Iraqi economy to grow during 2022
23rd August, 2022
The Arab Monetary Fund launched, on Tuesday, August 23, 2022, the seventeenth edition of the “Arab Economic Prospects” report, including economic growth expectations and trends in the development of domestic prices for Arab countries, including Iraq, during 2022 and 2023.
The report expected that the Iraqi economy would recover, achieving a growth of 5.5 percent in the current year, and a relative decline in economic growth to 4.4 percent in the year 2023.
He reviewed part of the government and the Central Bank’s measures to contribute to achieving growth in the country, indicating that the Central Bank had set among its priorities in its strategic plan for the years 2021-2023 to support digital financial and banking services by preparing for the “Know Your Customer Online” project, to adopt the use of digital identification to open bank accounts and integrate Customers digitally, and obligating the banking sector to use digital applications, such as mobile phone applications and online banking services, in accordance with international best practices.
The report indicated that the Central Bank launched, in coordination with the government, several initiatives in order to stimulate economic activity, especially in the field of financing small, medium and large enterprises, and in the field of housing and personal loans, and to enhance credit to the private sector by reducing the interest imposed on loans granted. LINK
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Frank26: “CBI TOLD US A FEW DAYS AGO THAT THEY HAD BILLIONS IN RESERVES AND I SAID NO YOU HAD TRILLIONS… BEHOLD.”……….F26
The unified controls of the (1) trillion dinars initiative to finance large, medium and small projects
24th August, 2022
Further to our circular No. (2553/5/6) on 12/29/2020 containing the unified controls for the (1) trillion
dinars initiative to finance large, medium and small projects, we attach a copy of the amended Form
No. (1) form, which is sent within the financing requirements Projects whose amounts start from (100)
million dinars and above… To view, click here LINK
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Frank26: “FOR THE FIRST TIME IN IRAQ!!!… FOR A NEW EXCHANGE RATE”……F26
For the first time in Iraq… The International Islamic Bank launches work for A & B exchange companies
24th August, 2022
The International Islamic Bank launched, on Wednesday, the work of the A & B exchange companies for the first time in Iraq.
In a statement today, the managing director of the bank, Suha Al-Kafaei, said that this matter is being given an official secondary agency to serve Western Union. (INTERNATIONAL!!! – F26) She added that this service will be available in all governorates to achieve financial inclusion.
The bank’s management had targeted, within the initiative of the Central Bank, one trillion dinars allocated to the segment of people with limited income with a salary of less than one million dinars and with a maximum ceiling of 15 million dinars, and who account for 40% of the state’s employees of the International Islamic Bank’s Debit card card holders whose salaries have been authorized by the bank.
Managing the bank by deducting monthly installments electronically without human intervention, in order to purchase in installments, benefiting from the offers of commercial companies to meet their health and scientific needs, as well as providing the opportunity to purchase in installments for the requirements of the home for their families and children in order to improve their social status.
The bank’s management worked to simplify and automate the financing procedures through various electronic projects that took great effort and money and took 7 years of outstanding qualitative performance led by a team of efficient trained human resources of Iraqi youth, according to the statement. LINK
(AND YOU FAMILY THOUGHT THAT THERE WAS NOTHING MORE TO DO FOR THE MONETARY REFORM… WESTERN UNION IS INTERNATIONAL!!! YOU HAVE NO IDEA FAMILY, WHAT ELSE IS NEXT TO DO FOR THE MONETARY REFORM -F26)
