______________________________________________________
KTFA
Clare » March 9th, 2025
Mechanism for publishing data on buying and selling foreign currencies
3/9/2025
The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:
– Total enhancement of bank balances abroad.
– Settlements of electronic payments abroad.
– Cash sales.
The bank confirms that this decision came in conjunction with the transition from the electronic platform mechanisms to the mechanisms for enhancing the balances of authorized Iraqi banks with correspondent banks, and that the process of enhancing banks does not reflect the daily sales of bank customers until the operations are actually realized.
It draws attention to the Central Bank of Iraq’s possession of sufficient foreign reserves to meet all official requests for foreign currency, which enhances confidence in the national currency.
Noting that the report scheduled to be published next month will include details of external transfer operations
in terms of (amounts, the most prominent imported goods and materials, the most prominent countries from which they were imported.
Central Bank of Iraq
March 5, 2025
https://cbi.iq/page/164
Parliamentary Finance: The budget is technically ready and its delay may be deliberate
3/9/2025 Information / Special..
Member of the Parliamentary Finance Committee, Moeen Al-Kazemi, called on the government today, Sunday, to expedite sending the budget tables for the year 2025 to Parliament, stressing that its delay may be deliberate, as happened last year.
Advertisement
______________________________________________________
Al-Kazemi explained in a statement to / Al-Maalouma / agency, that “the Ministry of Planning has all the priorities and indicators related to the projects investment aspect, including the needs of ongoing and new projects, which allows the government to quickly prepare the required tables.”
He added that “the Ministry of Finance has a clear vision of the operational aspect, including salaries, consumer expenditures, the food ration, and governing and sovereign expenditures, which means that the government is able to complete the tables within just one week.”
He stressed “the need to avoid any unjustified delay in sending the tables,” warning of “the impact of this on approving the budget on its scheduled date.”
He called on the government to “expedite sending the budget tables for the year 2025 to Parliament and assume its responsibilities to ensure the stability of the financial and economic conditions in the country.”
It is noteworthy that the House of Representatives had previously voted on the budget amendment law, and sent it to the government with the aim of sending the budget tables. 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
Advertisement
______________________________________________________
______________________________________________________
