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Clare » December 20th, 2022
The Central Bank of Iraq launches a package of measures to improve the performance of transactions related to the dollar
December 20, 2022
Today, Monday, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal position, as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
2- Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar ( Chinese yuan , the euro , the Emirati dirham , the Jordanian dinar, and others ).
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes ( treatment , Hajj Umrah , study, etc. )
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4- Reducing the selling price of the dollar to the beneficiary ( the card holder ) that he uses while traveling or paying his purchases via the Internet, to be at a price of ( 1465 ) dinars to the dollar instead of ( 1470 ) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of ( 1455 ) dinars to the dollar instead of ( 1460 ) dinars to the dollar.
Central Bank of Iraq
Media Office
19 – December – 2022
Sisi: Iraq’s success is a success for all of us
2022-12-20
Egyptian President Abdel Fattah Al-Sisi stressed, on Tuesday, that the success and stability of Iraq is a success for all countries in the region, stressing his belief in the ability of Iraqis to advance their country.
Al-Sisi said in a speech during the second Baghdad Conference for Cooperation and Partnership held in Jordan, “Our meeting comes today while we are witnessing remarkable improvement and progress achieved by Iraq and the Iraqis, and I congratulate Prime Minister Muhammad Shia’a Al-Sudani on forming his government, and I congratulate the Iraqis on what has been achieved.”
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He added, “The convening of our summit today bears an important political significance and indicates a sincere desire to move to a new stage of partnership by strengthening work between Iraq, Egypt, Jordan, or others.”
Al-Sisi considered that holding the summit “represents an opportunity to discover new horizons in support of stability, face challenges related to international events, and secure food, health and energy security.”
The Egyptian President added, “Iraq has faced, over many years, many t-------t organizations and foreign interference, which has burdened the Iraqis, and its impact has extended to the countries of the region.”
And Al-Sisi added, “Egypt highly values the valiant sacrifices made by the Iraqis against t-------m and the elimination of its dark projects.”
He said, “I do not fail to stress the assistance of the Iraqi state in the field of reconstruction and urban renaissance, and I reaffirm Egypt’s full support for these international efforts that contribute to consolidating the concept of a safe and stable homeland. The success of Iraq is a success for all of us.”
He added, “Within a framework of frankness, these goals will not be achieved unless sectarianism and reactionary ideas are overcome, and openness is made to everyone of different religions and sects.”
“We renew our commitment to international conventions, foremost of which are good neighbourliness, non-interference in internal affairs, non-aggression, and the cessation of imposing a fait accompli policy,” Sisi said.
He stressed that “Egypt rejects any foreign interference in Iraq’s affairs and supports Iraq’s progress and protection of its institutions, and this will reflect on the security of other countries, and out of faith from Egypt, we have participated with Jordan to establish the tripartite alliance between Iraq, Egypt and Jordan to achieve what secures a stable life for the people.”
Al-Sisi concluded by saying, “I turn to the people of Iraq by saying: O great people of Mesopotamia, I believe that you are capable of advancing your country, with full certainty that your pluralism and potential will allow you to overcome obstacles, whatever they may be. “. LINK
Source: Dinar Recaps
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