Newshound Guru Clare
First article “To strengthen economic relations.. Reopening of the Swiss embassy in Baghdad”. “Switzerland…reopened its embassy in Iraq, after a 33-year hiatus,” said the quote Article 2 ” Iraq renews partnership with Swiss global company Roche to enhance therapeutic capabilities”
Newshound Guru Samson
Article “Swiss Embassy in Baghdad reopens” Quote “Switzerland reopened its embassy in Iraq…after a 33-year hiatus.”
Newshound Guru Pimpy
“The Iraqi Central Bank announces the results of his visit to New York: A high ranking delegation negotiated with the US Treasury” article says. By the end of this year, there will be still another large conference.They search for equilibrium in the rates of exchange.Not particularly new is this. Iraq has been doing lately, emphasising the banking industry as it’s a major component of them emerging from the dark ages and starting international business once more.Is this a directionally correct step? Naturally, it is. Does this suggest, though, that they will shortly adjust the exchange rate? Not exactly. Neither does there seem to be.
Newshound Guru Militia Man
Project on Road Development will be amazing. The Untied States will be sticking around in some manner to guard their assets.
Intel Guru MarkZ
[by PDK] In Iraq, things are rather under control. Time wise, what does that imply? Several of my connections over there are sure we will see something in the next two days. Wait and see; avoid riding the roller coaster.
Newshound Guru Clare
Article: “Economist discusses fresh measures following stopping of transfers” “The Governor of the Central Bank of Iraq, Ali Al-Alaq, in New York over three days with US Treasury officials gave a new boost and confidence to the Iraqi banking system…The Central Bank of Iraq will stop dealings with foreign correspondent banks in the future and reduce reliance on them, after developing the Iraqi banking relations network…and gradually ending work on the electronic platform for transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks.” Quote
Newshound/Intel Guru Fnu Lnu
Iraq has lately aimed precisely towards such a need. These demands and threats were definitely a hot issue in the most recent sessions. With the end of the economic reform initiative approaching, I should suppose the CBI sought evidence even if the American authorities told the CBI the funds were safeguarded and tracked. Thus, the recent meeting in New York has everything to do with the monetary reform since the numbers have to be computed and quantities confirmed. In the big picture, I consider this as a benefit. [Post 2: Two]
Newshound/Intel Guru Fnu Lnu
The CBI’s most recent trip to New York was most certainly to meet with the Federal Reserve Bank of New York. Having started in 2003, the FRBNY is keeping the DFI money. I suppose the CBI was talking about returning the money back to it as part of the economic reform agenda. Accounting of the money has historically come under investigation; the Pentagon claimed that 1.7 Billion went missing. One has been mistrust. Should Iraq ever request the United States soldiers withdraw, the State Department threatened Iraq with refusal of financing in 2020. [First of two…stay tuned]
Newshound Guru Militia Man
Journal: “Away from the grey list” Quote from Article: “Due to the spread of this phenomenon means the Iraqi business environment has become compliant with international standards.” They are primed to be Article VIII compliant.You have to have an exchange rate in compliance; 1310 isn’t one of them. Approaching the door, this smacks of Article VIII compliance with the IMF. That is rather strong, in fact.
Newshound/Intel Guru Mnt Goat
.Iraq told us all about their whole plans to retrieve the “glory days of dinar” and so on.Indeed, they are doing it; at this moment the pieces are all aligning so beautifully; it is all about applying the Financial Reforms, then comes the Project to Delete the Zeros followed by the Reinstatement. One cannot exist without the other; indeed, the road to the reinstatement is rather apparent; you can see the writing on the wall. I neither say this lightly either. We are almost there.
Newshound Guru Clare
Article: “Central Bank of Iraq advances banking sector reform”. Quote: “US Ambassador to Iraq Alina Romansky stated [by tweet]…the Central Bank of Iraq has made development in overhauling the banking industry…In collaboration with the US Treasury and the Federal Reserve, we applaud Iraq’s and the Central Bank of Iraq’s efforts in transforming the Iraqi banking sector. Recent meetings in New York, where the two parties deliberated on ways to cooperate to improve openness and integrity in the Iraqi banking sector,” we said.
Intel Guru MarkZ
[by PDK] Comment: Thirteen banks over there are set up for overseas money exchanges. came upon a paper about that few days ago. Mark’s: Suddenly they are acting as though they belong in the WTO already. Indeed, 13 of their banks are able to handle foreign exchanges nowadays. It’s interesting and, in my opinion, shows our proximity.
