______________________________________________________
KTFA
Clare » January 31st, 2024
Central Bank Governor: We prevented banks and companies from obtaining the dollar… and work on the electronic platform will end during the current year
1/31/2024
The Governor of the Central Bank, Ali Al-Alaq, confirmed: “The bank prevented a number of banks and companies from obtaining the dollar for not adhering to the requirements,” indicating: “The electronic platform will end its operation during the current year.”
Al-Alaq said in an interview with the official agency: “The banks against which decisions are issued are only prevented from obtaining the dollar and can carry out their normal activities,” noting that: “Banks can correct their conditions and obligations required to enter into their foreign transactions.”
He added: “The Central Bank has reached the final stages of regulating external transfers to banks, and the bank has continuous reviews, and banks that apply the standards are allowed to obtain the dollar.”
Al-Alaq continued: “The US Treasury praised the Central Bank’s provisions for banks, which included conditions and standards for external transfers and the opening of accounts with internationally accredited foreign banks,” denying the issuance of decisions by the US Treasury to punish a number of Iraqi banks with the exception of Al-Huda Bank and the Chairman of its Board of Directors. LINK
Al-Sudani sponsors the signing of the contract for the “Ali Al-Wardi” city project
1/31/2024
Today, Wednesday, the contract for the new Ali al-Wardi residential city project was signed by the Minister of Housing, Construction and Municipalities, with the director of ORA Real Estate Development Company, Naguib Sawiris.
The Prime Minister indicated, during the signing ceremony, that the strategy for solving the housing crisis followed by the government includes creating cities serviced by infrastructure, with thousands of different housing units available, to suit various categories of citizens, and it also works to reduce population pressure on the city of Baghdad. “, stressing that “this project is being implemented for the first time in the history of Iraq of this size and capacity, and that it comes in compliance with what was stated in the government program regarding finding radical and sustainable solutions to the housing crisis.”
He also expressed his appreciation for the performance of the specialized team in the Ministry of Housing and Reconstruction, the Baghdad Municipality, and the rest of the concerned departments, which confirms that the investment environment in Iraq has become effectively prepared and attractive.
Advertisement
______________________________________________________
For his part, Sawiris stated that this partnership with Iraq to implement the Ali al-Wardi residential city will be a turning point in cooperation and sharing in the pioneering and innovative vision for implementing residential cities, which takes into account the balance between environmental and population needs.
The new city project, which bears the name of the late Iraqi sociologist and thinker Dr. Ali Al-Wardi, extends over an area of 61 million square meters to the southeastern side of the capital, Baghdad, and will provide 120,000 diverse housing units, in addition to urban facilities, green spaces, and smart city technological means. In order to apply advanced standards in sustainability and environmental preservation.
Sawiris and Ora are among the most well-known companies in the field of real estate development at the regional and international levels, and contracting with them comes within the government’s directives to establish successful partnerships with advanced companies and businessmen known for their quality implementation and expertise. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
