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KTFA
Frank26 » January 28th, 2024
“SALEH…THE ONLY REASON YOU ASK THIS QUESTION… IS BECAUSE YOU KNOW THAT IRAQ IS ABOUT TO RAISE THE VALUE OF THEIR NATIONAL SOVEREIGN CURRENCY”…..F26
Beha_Saleh…on the citizen’s confidence in banks: It is still fading!
1/26/2024
Has the Central Bank of Iraq achieved sufficient reforms to raise the value of the dinar against the dollar?
The price difference between the official and the parallel is still the same, and the citizen’s confidence in the banks is still in place! LINK
“THE NEW EXCHANGE RATE OF THE NEW MONETARY REFORM IS DEVELOPING MANY NEW ECONOMIC PARTNERSHIPS!!!”………..F26
The Prime Minister confirms that Iraq is moving towards major development and strategic projects and productive economic partnerships
1/25/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that Iraq is moving towards major development and strategic projects and productive economic partnerships.
The Prime Minister’s Media Office stated in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, a delegation of secretaries and governors of Arab capitals headed by the Secretary-General of the Arab Cities Organization, Abdul Rahman Hisham Al-Asfour, and Al-Sudani welcomed the The meeting began with the Arab guests and their meeting that was held in Baghdad after a break that lasted more than three decades, stressing Baghdad’s permanent readiness and ability to host all its guests, whether they are Arab brothers or friends.
The Prime Minister affirmed – according to the statement – “Iraq is moving towards major development and strategic projects and productive economic partnerships,” noting that “the government in Iraq has placed as its top priority the comprehensive improvement of Baghdad and the rest of Iraqi cities, as well as openness to the successful experiences of brothers and friends, in Regarding reliance on technology and advanced methods for urban development and all service sectors.”
Al-Sudani stated, “At a time when we are searching for the best ways to develop and advance our cities, Gaza stands out before us because of the systematic destruction and devastation it is suffering from, and the lack of the most basic means of livelihood, due to the aggression and inhumane crimes committed by the occupation authorities against our Palestinian people there.” He reiterated his support for “establishing a fund to support and reconstruct the Gaza Strip after the cessation of the aggression, which is the initiative launched by Iraq during the 2023 Cairo Peace Summit, which was held last October, and was greatly welcomed.” LINK
“IT WAS MUCH MORE THAN THAT… AND THIS WAS MAINLY DUE TO THE CONTRACTS SUDANI SIGNED IN 2023.”…………F26
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The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023
1/26/2024
The Credit Bank of Iraq achieved a profit of 17.5 billion dinars during the year 2023.
The bank announced its financial budget for the year 2023. Its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%.
The bank’s revenues amounted to 27.1 billion dinars, divided into 18.3 billion dinars resulting from banking interest revenues and 3.7 billion dinars through banking commission revenues, in addition to revenues from the dollar and capital platform.
The bank’s profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars. LINK
Source: Dinar Recaps
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