Bondlady’s Corner – Iraq Economic News and Points to Ponder Thursday Evening 12-14-23

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Iraq Economic News and Points to Ponder Thursday Evening 12-14-23

Tlm724 Administrator Bondlady’s Corner

Central Bank: Agreement With The American Side To Meet Our Requests For Cash Shipments For The Year 2024

Economy |  12/14/2023  Mawazine News – Baghdad  The Central Bank of Iraq announced, on Thursday, the results of its meetings with the delegation of the Federal Reserve and the US Treasury Department in Dubai, while indicating an agreement to meet its requests for cash shipments for the year 2024. The Central Bank stated in a statement, a copy of which Mawazine News received, that “The Central Bank delegation concluded its meetings with the delegation of the Federal Reserve and the US Treasury Department in Dubai.”

He added, “Representatives of the US Federal Reserve Bank and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system.”

He pointed out that “the meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks by establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks, and this is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce… Relying on the electronic platform until it is completed within the next year and limiting it to recording financial transfers for the purposes of control, auditing and analysis.”

He pointed out, “It was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024. The meetings also witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards.”

The Governor of the Central Bank stressed that “the bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.” Ended 29/h

https://www.mawazin.net/Details.aspx?jimare=239261

The Central Bank Announces The Results Of Its Meetings In Dubai And The Fulfillment Of Its Requests For Cash Shipments For The Year 2024  

Economy News – Baghdad  Today, Thursday, the delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai.

The bank’s media office stated in a statement received by Al-Aqsad News, “The delegation of the Central Bank of Iraq has completed its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai.”

He added, “Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system.”

The statement explained, “The meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks.

This is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce Relying on the electronic platform until it is completed within the next year and limiting it to recording financial transfers for the purposes of control, auditing and analysis.”

The Governor of the Central Bank of Iraq stressed during the statement, “The Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”

He added, “It was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards.”   12/14/2023 –https://economy-news.net/content.php?id=38519

Central Bank Sales Exceeded $220 Million At Today’s Auction

Thursday, December 14, 2023 Baghdad/National News Center  Foreign remittances increased at the Central Bank auction, today, Thursday, by 92% at the expense of cash sales, to reach $203 million.

The bank stated, “Today, during its auction for buying and selling the US dollar, it sold 219 million 157 thousand 334 dollars, which the bank covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar.” “Critically.”

He added, “Most of the bank’s dollar sales went to strengthen balances abroad in the form of (remittances, credits), which amounted to 203 million 367 thousand and 334 dollars, an increase of 92%, compared to cash sales amounting to 15 million 790 thousand dollars.”

He pointed out, “The number of banks that purchased cash dollars reached 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks, while the total number of exchange and brokerage companies participating in the auction was 133 companies.”

Dollar Prices Fall In Baghdad With The Stock Market Closed

Economy  Thursday, December 14, 2023   Baghdad/National News Center  The prices of the US dollar fell against the Iraqi dinar, today, Thursday, in the markets of the capital, Baghdad, with the stock market closed.

The National News Center correspondent said, “Dollar prices fell with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 155,900 dinars against 100 dollars, while dollar prices recorded this morning 156,400 dinars against 100 dollars.”

He added, “Selling prices in exchange shops in local markets in Baghdad decreased, as the selling price reached 156,500 dinars for 100 dollars, while the purchase price reached 155,500 dinars for 100 dollars.”    https://nnciraq.com/241150/

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Provoking Points To Ponder From Inspirational Movie Quotes

16. Believe in yourself. Your confidence will lead you to success and happiness.

    After a while, you learn to ignore the names people call you and just trust who you are. – from Shrek

17. In order to achieve your dreams and goals, you’ll go through tough times for sure but hold on!

    If you’re going to try, go all the way. Otherwise don’t even start. This could mean losing girlfriends, wives, relatives, jobs. And maybe your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision.

It could mean mockery, isolation. Isolation is the gift. All the others are a test of your endurance. Of how much you really want to do it. And you’ll do it, despite rejection in the worst odds. And it will be better than anything else you can imagine. – from Factotum

18. Make every moment count, enjoy your life time and don’t waste it.

    All we have to decide is what to do with the time that is given to us. – from Lord of the Rings: The Fellowship of the Ring

Continued ……….  More to come in next news post