Chinese yuan strengthens in a sign of 'overriding stability' ahead of the key 19th Communist Party Congress
The People's Bank of China (PBOC) was likely attempting to provide "overriding stability" ahead of the 19th Community Party Congress on Oct. 18, one market watcher said
PBOC governor Zhou Xiaochuan told financial magazine Caijing that China must press on with a "trinity of reforms"
Yen Nee Lee
Published 10:56 PM ET Mon, 9 Oct 2017 Updated 1:39 AM ET Tue, 10 Oct 2017 CNBC.com
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Wednesday AM 10-11-17
DinarResearcher: International Monetary Fund: Global growth continues but calls for reforms
DinarResearcher: The International Monetary Fund (IMF) has been more optimistic about global economic growth by raising its expectations, but urged countries to focus on reforms to permanently consolidate recovery against multiple risks.
DinarResearcher: The IMF slightly raised its forecast for global growth in its semi-annual report on the global economic outlook. "
The Central Bank calls on ministries to lift the seizure of the funds of the Bank of Economics
October 11, 2017
Called the Central Bank of Iraq, ministries and government departments to lift the custody of the funds of the Bank of Economics for investment and finance after the lifting of guardianship.
The central bank said in its letter to the ministries and entities not affiliated with the Ministry, “We take note of the lifting of guardianship of the Bank of Economics for investment and finance and your ministries and your dues to make adjustments with the new management of the bank in order to obtain your financial rights with the need to lift the custody of the Bank’s movable and immovable assets, To conduct all his banking activities so as to be able to settle all the financial obligations left by the previous administration.
MadeeandLyndee: Look at the second paragraph in the article.
"The bank has FOR THE FIRST TIME directed its branches to issue electronic payment tools (Mastercard) to..... "
" These tools are used INSIDE and OUTSIDE of Iraq and are ACCEPTABLE in ALL ATM's connected to the MasterCard network, as well as POINTS of SALE.
This sounds like our debit card system in the US.
Walkingstick: Rafidain announces the issuance of international electronic payment tools
11th October, 2017
Al-Rafidain Bank announced on Wednesday that it has issued an international payment mechanism for employees, retirees, citizens and other segments of society.
"The bank has for the first time instructed its branches to issue electronic payment tools (MasterCard) to employees, retirees, citizens and other segments of society," the bank's media office said in a statement received by Mawazine News.
"These tools are used inside and outside Iraq and are acceptable in all ATMs connected to the MasterCard network, as well as points of sale," the office added.
He pointed out that "advances and loans granted to employees are through these cards and settle their salaries electronically."