Clare » February 4th, 2023
Sudanese adviser: Central Bank actions will raise the value of the Iraqi dinar
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Saturday, that the Central Bank’s measures had positively affected the negotiations with the US Treasury, indicating that these measures would raise the value of the Iraqi dinar.
Salih said, “The procedural package launched by the Central Bank of Iraq hours ago is a positive reflection of the success of negotiations between the Central Bank of Iraq and the US Treasury, and is a systematic easing of the restrictions imposed, by adopting international banking tools as transparent channels for the transfer of funds, and in a more detailed way to conduct external transfers.” between Iraq and the world.
And Saleh continued, in an interview with the official news agency, which was followed by Mawazine News, that “the issued instructions indicate a systematic liberation of external transfer from the restrictions, instructions and customs previously approved on the movements of the Iraqi balance of payments, which will raise the value of the Iraqi dinar rapidly.” LINK
The Russian Foreign Minister is visiting Baghdad this week
An official source in the Iraqi Ministry of Foreign Affairs revealed today, Saturday, an expected visit by Russian Foreign Minister Sergey Lavrov to the capital, Baghdad.
The source told Shafaq News agency, “The Russian Foreign Minister, Sergey Lavrov, will visit the Iraqi capital, Baghdad, next Monday, at the head of a government delegation and a number of major Russian companies, during which he will meet his Iraqi counterpart, Fouad Hussein, and the three Iraqi presidencies.”
And the source, who asked not to be named, stated that “Russian Foreign Minister Sergey Lavrov will discuss in Baghdad the energy, oil and gas file and the work of Russian companies, in addition to the armament file,” noting that “there is a possibility to conclude various deals during Lavrov’s meetings with Iraqi officials.” LINK
Source: Dinar Recaps
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