Tues. PM KTFA News Articles from Iraq 4-11-23



Clare » April 11th, 2023

Parliamentary Finance: Preparing the final budget report within the next two days


Committee member Mustafa Al-Karawi told {Euphrates News} agency, “The Finance Committee finished reading and confirming the notes on the budget law, and during the next two days the final report will be prepared and revised until it is presented for a second reading in Parliament and the door for discussion is opened.”

Yesterday, the Parliamentary Finance Committee ended its discussions on the draft federal budget law.  Parliamentary sources suggest approving the budget after the Eid al-Fitr holiday.

Raghad Daham   LINK

Sudanese advisor: The Central Bank succeeded in increasing the strength of the dinar and began to approach the parallel price



The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said today, Tuesday, that the Central Bank has achieved great success in managing the file of controlling exchange rates and gradually reducing them.

Saleh told {Euphrates News}, “The Central Bank has succeeded with great success in managing the file of controlling exchange rates and gradually reducing them through the electronic platform and the management of banks, which therefore adapted to the work of the platform, which was positively reflected by knowing the last beneficiary of the transfers.”

He added, “These are positive indicators, as we have noticed the parallel market approaching the official exchange rate, and that monetary policy has achieved great success in increasing the strength of the Iraqi dinar until the parallel exchange rate seemed close to the official.”

From.. Raghad Dahham   LINK

DeepWoodz » April 11th, 2023

IMO  You know….it almost seems like they are slow walking the rate on purpose. Almost like they are studying it, studying their manipulation of it and the effects. Using new control methods. Wake up folks. 

I mean it’s not like this kind of scenario happens very often. Or has ever happened. They have planned their work, and are now working their plan. It’s a beautiful thing you will never see again.   God bless KTFA. 


Clare » April 11th, 2023

Central Bank Governor meets a delegation from IronPoint Iconic in Washington

April 11, 2023

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, met yesterday, Monday, with a delegation from the company (IronPoint Iconic), which is one of the largest owners of data centers in the world, and operates in more than 26 markets in the United States, Europe and Asia, and the company owns data centers To the largest global technology companies with the development and operation of these centers, including Apple, Microsoft, Google, and Amazon.

After the meeting, His Excellency the Governor stated that he had received a presentation from the company regarding global growth trends in the data center market, whose profits are expected to double in the next four years to reach about $720 billion, indicating that the company is looking forward to investments and development of data centers in Iraq to facilitate the transformation of the Iraqi economy. to digital.

His Excellency also stressed the desire of the Central Bank of Iraq to develop its infrastructure, and the need to store and operate data on Iraqi soil to protect national security, and in line with international best practices.

Central Bank of Iraq

information Office


Source: Dinar Recaps



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