Iraq Economic News and Points to Ponder Late Monday Evening 1-1-24

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Iraq Economic News and Points to Ponder Late Monday Evening 1-1-24

Tlm724 Administrator Bondlady’s Corner

Sources: American Pressure On The Central Bank And Finance Is Pushing The Dollar Towards Decline

 December 26, 2023 Last updated: December 26, 2023   Al-Independent/- Informed sources confirmed that the US Ambassador in Baghdad, Alina Romanowski, with the support of a specialized team from the US Treasury Department, exerted significant and continuous pressure on the Central Bank of Iraq and the Ministry of Finance in order to adhere to international standards in the field of transferring and exchanging money with the world.

Three sources familiar with Iraqi political and economic affairs, on condition that their names not be mentioned, explained to Al-Mustaqla that these

pressures came within the framework of the United States’ efforts to

     enhance financial and economic stability in Iraq, and to

     stand up to money laundering operations, terrorist financing, and

     dollar smuggling to parties classified by the international community as Supportive of terrorism.

The sources stressed that  American pressure on the Central Bank of Iraq and the Ministry of Finance included the formation of a supreme national committee to combat money laundering and terrorist financing, to include representatives of the government, the private sector, and civil society institutions.

Also, issuing new instructions to commercial banks, obligating them to follow up on money transfers and exchanges with the world, and to provide the necessary information to the competent authorities.

These pressures come at a time when US-Iraqi relations are witnessing a state of incompatibility in a number of areas, after repeated and strenuous attempts to push them towards stability.

Observers believe that these pressures may contribute to strengthening financial stability in Iraq and preventing money laundering and terrorist financing operations.

While other parties warned that these pressures may lead to restricting the movement of funds in Iraq, and increase the burdens on Iraqi financial institutions, the private sector, and individuals.

American pressures on the Central Bank of Iraq and the Ministry of Finance remain under evaluation, and  their real impact on the Iraqi economy will become clear in the near future.

https://mustaqila-com.translate.goog/مصادر-ضغوط-امريكية-على-البنك-المركزي-و/

Al-Sudani Congratulates The Iraqi People On The Occasion Of The Year 2024 And Confirms: The New Year Will Be A Year Of Achievements

Monday 01, January 2024 00:09 | Political Number of readings: 1339  Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani offered the honorable Iraqi people his warmest words of congratulations, and prayed to God Almighty to preserve them in our beloved Iraq.

He said in a congratulatory message, “We enter a new year, in which we carry the aspirations of our people, hold hope and determination, and renew our insistence that it be a year full of progress, work, and giving, and to carry on with what the government has committed to in its program and executive priorities, that it is a government of services, reform, and fulfillment of requirements and needs, which meet the aspirations of citizens in Every place in this dear country.

He added, “Our new year will be the “year of achievements,” God Almighty willing. It will be the year of transforming plans into practical reality, and reaping and harvesting the fruits of effort, in a way that meets the ambitions of Nina’s people everywhere. May God protect Iraq, dear, strong, and healthy./ End   https://ninanews.com/Website/News/Details?Key=1098505

To read more current and reliable Iraqi news please visit BondLady’s Corner:

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 Provoking Points To Ponder on Ability and Achievement:

It’s them that takes advantage that gets advantage in this world.  – George Eliot

Anything you’re good at contributes to happiness.  – Bertrand Russell

I think knowing what you cannot do is more important than knowing what you can do. – Lucille Ball

There is endless merit in a man’s knowing when to have done.  – Thomas Carlyle

It’s the whole, not the detail, that matters.  – German proverb

Long is the road from conception to completion.  – Moliere

Only those who dare to fail greatly can ever achieve greatly.  – Robert F. Kennedy

Back of every achievement is a proud wife and a surprised mother-in-law.  – Brooks Hays

Noise proves nothing. Often a hen who has merely laid an egg cackles as if she had laid an asteroid. – Mark Twain

We judge ourselves by what we feel capable of doing, while others judge us by what we have already done.  – Henry Wadsworth Longfellow

Do what you can, with what you have, where you are.  – Theodore Roosevelt

About all some men accomplish in life is to send a son to Harvard.  – Edgar Watson Howe

He has half the deed done who has made a beginning.  – Horace

Give me where to stand, and I will move the earth.  – Archimedes

The only way round is through.  – Robert Frost

If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away. – Henry David Thoreau

 Famous Quotes and Authors, Famous Quotations for all Occasions