Mon. AM KTFA News Articles 8-22-22



Samson » August 22nd, 2022

Russia: We will get rid of the dollar and the euro in our trade relations

20th August, 2022

Russian Deputy Foreign Minister Alexander Pankin confirmed, on Saturday, that Russia will seek to get rid of the dollar and the euro in trade and investment relations with partners.

Bankin said in a press statement that “against the backdrop of increasing geopolitical pressure from the West, the only way to ensure the stability of trade, economic and investment relations between Russia and its partners is to get rid of the use of currencies that have become “toxic”, and above all the US dollar and the euro, and to move to accounts in currencies. accepted, i.e. national currencies above all.”

He pointed out that the current model of the global financial system, which was established by Washington, turned out to be “unusable in the conditions of the multipolar world, and in essence it has turned into a tool to achieve the political goals of one group of countries.”

Bankin added that “it is clear that in the current circumstances the West intends to continue to exploit its privileged position, and we are pleased that many countries that follow the imposition of unprecedented and illegal sanctions against Russia, have begun to think about getting rid of the dollar in their foreign economic activities, for the purpose of ensuring its sovereignty.”  LINK

The Governor of the Central Bank of Iraq meets the Ambassador of the People’s Republic of Bangladesh

22nd August, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received the Ambassador of the Republic of Bangladesh in Baghdad, Mr. Amdi Fadloul Bari. 

The Ambassador conveyed the greetings of His Excellency the Governor of the Central Bank of Bangladesh to His Excellency. He discussed prospects of cooperation between the Republic of Bangladesh in aspects related to the financial and banking sector. 

During the meeting, His Excellency the Ambassador discussed the issue of the dues of Bangladeshi workers during the past period, and the subject of a request to facilitate the procedures for transferring their entitlements at the present time.

The two sides discussed the continuation of cooperation and the development of its fields between the two countries, stressing his interest in cooperation between the two monetary institutions in the two countries, with directing the concerned banks to facilitate the procedures for paying those dues and transferring them to where they wish through official channels.

Central Bank of Iraq information Office

22-August-2022  LINK

Source: Dinar Recaps


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