An interesting article on the Gulf Daily News – Sinan Al Shabibi made some comments regarding Iraq’s reserves in the forex during a meeting with Arab central bank governors in Dubai. Of note, he said:
“… There are discussions. The reserves cannot be touched except for foreign exchange stability.”
Other than that, no big news today on [...]
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From aswat al Iraq:
BAGHDAD / Aswat al-Iraq: Negotiations will be carried out next week in Amman – Jordan between the Central Bank of Iraq (CBI) and the International Monetary Fund (IMF), an advisor from the IMF said Monday.
The two sides will meet as part of the preparations to sign an agreement that grants Iraq a [...]
From Army Times author Kris Osborne (no link provided):
U.S. slows cash flow into Iraq, Afghanistan
By Kris Osborn
The U.S. government is slowing the flow of dollars into Iraq and Afghanistan as part of a push to build up the local currencies, banking systems and economies.
In the effort by the State and Treasury departments and the Army, [...]
Hat tip to Seaview over at IIF.
Someone please tell me how the article was translated by google to include a famous Disney character, though! Article:
Sign adviser CBI Mzarmohamd for Iraq to become of the oil-producing countries developed during the next two years if entering Iraq through the gate of the oil investment.
وأكد صالح أن الاستثمار [...]
There’s been a bunch of talk about the 2.5 hour meeting that took place yesterday (Security Counsel 6145th meeting, link). The page is pretty long, so here’s a summary of actions and what the representatives of the countries involved had to say.
Foreign Minister of Turkey, Ahmet Davutoğlu, read a statement reaffirming it’s commitment to Iraq [...]