TNT – “Tidbits From TNT” Friday Morning 3-15-2024

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Tishwash:  Iraqi lawmakers to discuss monetary policies, banking system with CBI

Iraq’s Parliamentary Finance Committee met with the Central Bank of Iraq on Thursday to discuss monetary policy, the banking system, and ways to increase the value of the Iraqi dinar.

The meeting was held at the headquarters of the Finance Committee and was chaired by Atwan al-Atwani. Central Bank Governor Ali al-Alaq also attended the meeting.

In his opening remarks, al-Atwani laid emphasis on monitoring the economic and monetary policies in the country and “finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee also expressed hope for coordination with the Central Bank to increase the value of the Iraqi dinar, control the market in order to alleviate the burden on citizens, and address the deficit.

For his part, the Governor of the Central Bank said that establishing basic rules is vital for monitoring the transfer process and analyzing transaction movements.

The statement added that the committee discussed with the Governor of the Central Bank the international standards, the future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.  link

CandyKisses:  Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar

Shafaq News / The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar.

This came in a meeting held by the committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank, Ali Al-Alaq, according to a statement issued by the parliamentary finance.

At the beginning of the hosting held at the headquarters of the committee, Al-Atwani stressed the importance of following up the economic file and monetary policy, based on the regulatory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The statement added that the committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the law of the Central Bank.

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Tishwash:  An economist identifies the “ideal solution” to reduce the dollar difference between the official and the parallel

The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.

Antoine told Al-Furat News: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”

He stressed “the need to establish quick, firm and convincing measures.”
Antoine stated, “Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices.”  link’

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CandyKisses:  Sudanese meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions  

March 14 22:30   Information / Baghdad

On Thursday, Prime Minister Muhammad Shiaa Al-Sudani met with the Minister of Finance and the Governor of the Central Bank and subsequently took 3 decisions related to loans and debts.

The Prime Minister’s Media Office stated in a statement received by Al-Maalouma, that “Prime Minister Muhammad Shia Al-Sudani chaired a meeting that included the Minister of Finance, the Governor of the Central Bank of Iraq, and a number of relevant advisors, in the presence of the Director General of the Trade Bank of Iraq.” 

He added, “The meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans, and took a number of decisions regarding them, which were the following:

1-The Ministry of Finance begins paying government debts to the Trade Bank of Iraq.

2- Preparing a plan to be presented to the Council of Ministers regarding the repayment of troubled loans owed by the private sector to government banks, including the Trade Bank of Iraq.

3- Forming a joint committee to study expired credits; In order to return its funds to the public treasury.