MilitiaMan: I hope we all can see the road map that they are presenting to the world. Directly speaking out that they have no justification to in raising the dollar exchange rate.
They have the opposite in mind.
They are telling us the 2022 budget is ready and that they have the capabilities and the qualifications to reduce the exchange rate whereby, to create an environment to benefit the citizens with a clear path for investment projects
Yasser A Metwally from the GCC is telling Iraq it is time to adjust the exchange rate to enhance value of the Iraq Dinar against the Dollar.
The CBI has told us they are to integrate the Iraqi Banking System with the world. Well looks like they have come along way in that regard and state so.
They even now have the Kurdistan Regional Government linked to the global banking system.
With all that said, having met the compensation obligations with Kuwait, having inter linked Iraq’s Banking System to the Global System, having the borders automated for taxes, tariffs, customs and fees, etc., should make everyone see the picture they are painting.. It is an international one.. A very welcomed one..
I surely like where we are.. imo ~ MM
Saleh said that “the draft 2022 budget is ready, and for the first time it contains a clear plan for investment projects and built for a period of three years, and each of these three years includes allocations so that there is no commitment and delay,” revealing that “the 2022 budget was built on the basis of an oil price of 50 Dollars per barrel, although the current oil prices have risen to 80(+) dollars per barrel.
Saleh pointed out that “Iraq has great prospects by its integration into the global economy,”
Sunday 09 January 2022
Yasser Al-Metwally
It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. ~ GCC
Central Bank of Iraq
Media Office
December 21, 2021
It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.
She added that “the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system.”
On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII.
“government reforms, including public finances, services, contract procedures, border crossings, and the transparency of oil sales that Deloitte is reviewing, have made us stronger in our fight against corruption, as we have strengthened oversight of our revenues by linking the Kurdistan Regional Government to the global banking system, and now with increasing looming on the horizon for EU financial and investment cooperation, banking sector reform and support will be much easier to provide services to the public.”
