Samson » April 26th, 2022
The highest since its establishment.. Central Bank of Iraq assets (in numbers)
26th April, 2022
The head of the Iraq Future Foundation for Economic Studies and Consultations, Manar Al-Obeidi, counted today, Tuesday, the assets of the Central Bank of Iraq, while he expected them to rise in the coming days.
Al-Obaidi said that “the total assets of the Central Bank until the end of the first quarter of the current year 2022 amounted to about 158 trillion Iraqi dinars, an increase of 17% compared to the same period last year,” noting that this rise came as a result of the increase in local bank deposits with the Central Bank. Which rose by 33% to reach 34 trillion dinars, as well as the increase in the issued currency by 8% to reach 80 trillion Iraqi dinars.”
He added that “the balances of government institutions with the Central Bank increased by 72% to reach 8.1 trillion Iraqi dinars, in contrast, the amount of investment in securities increased. The financial reserves held by 32% to reach more than 50 trillion Iraqi dinars. He pointed out that “the loans to small and medium enterprises granted by the bank also increased by 155% to reach 6.6 trillion Iraqi dinars, in addition to the increase in the dues to the Ministry of Finance by 11% to reach 47 trillion dinars.”
He added, “The amount of cash and gold reserves in the Central Bank decreased by 3.5% to reach 23.7 trillion Iraqi dinars, in addition to that deposits with banks increased by 4.6% compared to last year to reach 27.6 trillion Iraqi dinars.”
He stressed that “the value of the Central Bank’s assets is the highest since its establishment, which gives reassurance to the situation and stability of the Iraqi currency during the coming period, which is expected to witness further increases in the Central Bank’s assets as a result of the rise in oil sales revenues, which plays an important role in strengthening the bank’s special reserves.”
And he indicated that “the bank granted loans to support projects worth 6.6 trillion Iraqi dinars, which had a significant impact on the growth of important sectors, especially the housing sector, which acquired the largest proportion of these loans. The bank needs to diversify the distribution of loans to other sectors that can contribute to increasing growth in various sectors.” Important sectors, especially agriculture, tourism and services. LINK
Al-Asadi Hints At A Close Breakthrough: The Blessings Of Ramadan Will Overflow On Eid Al-Fitr
25th April, 2022
Head of the National Bond bloc, MP Ahmed Al-Asadi, revealed today, Monday, that the blessings of the month of Ramadan will flood the Eid Al-Fitr of understanding between the political forces, in reference to signs of a soon breakthrough that will end the political blockage.
Al-Asadi said in a televised interview, which was followed by Earth News, that “the blessings of the holy month will overflow on the feast of an understanding between the political forces,” stressing that “neither the coordinating framework nor the Sadrist movement can gather 220 deputies.”
He added, “The door of dialogue between the framework and the movement has not been closed to end the political clash, despite the deadline set by the leader of the Sadrist movement, Muqtada al-Sadr.”
Al-Asadi continued, “The framework met with Sadr in Al-Hanana in order to reach political understandings, and we informed him of the need to preserve the largest Shiite bloc.” He continued, “The forces of the coordination framework provided evidence of fraud in the elections,” noting that “it was built on incorrect results.”
Al-Asadi indicated that the Lebanese scenario based on consociationalism is not suitable for its application in Iraq, “noting that the Iraqi political blocs have transformed the quotas into a bazaar for sharing positions.”
Iraq has been experiencing a severe political crisis, since the election results were announced, due to the conflict between the two poles of the equation, the “coordinating framework” and the “triple alliance” over the largest bloc and the form of the next government.
The coordinating framework forces seek to form a “consensual government” in which all political parties participate, similar to previous governments after 2003, while the leader of the Sadrist movement, Muqtada al-Sadr, insists in return on forming a “majority government.” LINK
Wagmaster » April 26th, 2022
ISO 200xx is set for release November 2022? Imo. I googled it
DeepWoodz » April 26th, 2022
Imo… Here ya go. https://www.ir.com/guides/what-is-iso-20022
“ISO 20022, first introduced in 2004, is an international standard for relaying electronic messages between financial institutions. It was created to give the financial industry a common platform for sending payments messages and exchanging payments data, using a central dictionary, a standard modelling methodology, and a series of Extensible Markup Language (XML) and Abstract Syntax Notation (ASN.1 ) protocols.”
“Global adoption of ISO 20022 will create a common language and model for payments data.”
BearCinnebar » April 26th, 2022
A Youtube to remember and bookmark: Monday’s Call April 25th: Q&A with Walkingstick the former US Marine: It is now public knowledge:
4-25-22…… MORE QUESTIONS WITH FRANK26 & WALKINGSTICK
Walkingstick comment: “IRAQ HAS ALREADY GIVEN A GO LIVE RATE OR ISO20022”
What Is ISO 20022 and How Will It Impact the Financial Industry?
More than likely a “Go Live Rate” has already been given to the IMF – International Monetary Fund, and could be ready to go at anytime, also as Walkingstick said.
Well we are looking forward to wearing our dinar goggles about after the blessed Eid Al-Fitr Iraqi holiday, hoping the government could be in a “time out” position:
Final Article #1569:
Title: Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad 24th April, 2022
“There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, so that the support will be technical and there will be advisors, in order to strengthen the capabilities of the Iraqi government, in order to advance and move forward with the reform project
“We have a strategic agreement with the United States, especially in the economic aspect, and we want to do it now,” stressing that “there are preparations for cooperation at all levels
Source: Dinar Recaps
Frank26 » April 26th, 2022
“THEY ARE EXPECTING A CHANGE IN THE EXCHANGE RATE”……F26
The rise in oil covers the budget deficit.. Good news from officials: Returning the dollar exchange rate to its previous
23rd April, 2022
Member of the Al-Fateh Alliance, MP Rafiq Al-Salihi, confirmed today, Saturday, the possibility of returning the price of the dollar to its previous price.
Al-Salihi said in a statement to (Baghdad Today), that “there is still a possibility to restore the price of the dollar, but the political blocs must unite to support the oppressed Iraqi people.” He added, “We are in favor of restoring the exchange rate and insisting on it during the next stage,”
(THE NEXT STAGE IS THE GOVERNMENT – F26) noting that “when the decision was taken to raise the price of the dollar, the country was going through an economic crisis as a result of the drop in oil prices.”
He continued, “The price of a barrel today exceeded $100, meaning that it covers the difference in the exchange rate of the dollar.”
Al-Salihi pointed out that “there is no glimmer of hope that the current government will change the price of the dollar because it is constantly working to starve the Iraqi people, so the political blocs must stand together to restore the rights of citizens.” LINK
Source: Dinar Recaps
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