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      Iraq emerges from Chapter VII of the United Nations   12/09/2017

        Rmc10 Senior Member All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 1958 (2017) REPORT from UN Security Council Published on 08 Dec 2017 —View Original SC/13109 SECURITY COUNCIL
      8126TH MEETING (AM) The Security Council concluded today that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented. Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the escrow accounts established pursuant to resolution 1958 (2010) had been transferred to the Government of Iraq pursuant to resolution 2335 (2016). The Council acknowledged the Secretary-General’s final report on the matter (document S/2017/820), which stated, among other things, that the remaining $14,283,565 in the administrative escrow account had been transferred to Iraq. Following the adoption, Amy Noel Tachco (United States) applauded Iraq’s complete implementation of measures under the oil-for-food programme, although the country still faced many challenges. She looked forward to close cooperation internationally and bilaterally in support of Iraq as a federal, democratic and prosperous country. The meeting started at 9:45 a.m. and ended at 9:48 a.m. Resolution The full text of resolution 2390 (2017) reads as follows: “The Security Council, “Recalling its resolutions 1958 (2010) and 2335 (2016), “Acknowledging receipt of the final report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2335 (2016), S/2017/820, “1. Welcomes the implementing arrangements entered into by the Secretary-General and the Government of Iraq as requested in paragraph 7 of Security Council resolution 1958 (2010); “2. Also welcomes that the remaining funds in the escrow accounts established pursuant to paragraphs 3–5 of Security Council resolution 1958 (2010) have been transferred to the Government of Iraq pursuant to Security Council resolution 2335 (2016); “3. Concludes that all the measures imposed by the Security Council in resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations have been fully implemented by the parties.” For information media. Not an official record.     DV LINK
yota691

Assertions of the importance of the stability of the currency in the economic advancement

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Assertions of the importance of the stability of the currency in the economic advancement

 

 

         


2/19/2014 0:00 

BAGHDAD - morning  continues votes demanding action to raise the value of the local currency through a range of measures that limit the cases of manipulation and control of the negative phenomena may be taking place in the domestic money market (according to a specialist affairs, financial), where he works market local currency according to regulatory action issued by the Central Bank of Iraq thus maintaining the value of the currency and raise its exchange rate against foreign currencies. competent affairs banking Munir Hassan al-Jubouri, pointed out the importance that kicks off private banks, local principle the adoption of mechanisms of action to support the currency, through the avoidance of money laundering, and dollar selling prices set by the central bank, especially the adoption of new mechanisms adopted after a consultative meeting with the Association of private banks in Iraq. He added in an interview (morning) that the work of private banks in the country should be heading to participate in the work of development and reconstruction ahead of all economic sectors in all the provinces, pointing out that the implementation processes require cash is great, and there are banks have the ability to finance some of the projects , especially as the number of banks directed to raise their capital continuously outside the ceiling set by the central bank extents different. pointed to the importance to understand the banking requirements of the economic development process and lending mechanisms, which must be based on the work contexts logical guarantee the rights of the parties to the action, noting that the existence of guarantees for financing operations is extremely important and enhance confidence in the deal and doubles funding operations adopted by the private banks. said: The investment projects are many and in different sectors and require financing can be for banks civil positive role in that, provided that there is coordination work between the investor and the bank financier, pointing to a number of incidents which impacted negatively on the operations of finance, which was the disappearance of the investor after receiving the first installment of the bank, which resulted in a decline in funding operations only after the measures guarantor may take a long time. He pointed to the importance of work to modernize banking systems in order to achieve the multiplicity of advanced products and catch up with the international banks that exceeded the (100) product, while our banks to today stands at number Hjul of products to exceed (15) product., And stressed the importance of the promotion of human talent and make them keep pace with developments technological witnessed by international banks through participation in training courses organized in various countries around the world, or in the centers of international banks, especially that some international banks began to open branches in the country, pointing out that the Gulf Bank, for example, is working to involve competencies in cycles continuously outside the country to stand on the most important developments in the global banking sector, especially after the plan, which was developed for the advancement of capitalizing it to (850) billion dinars.
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" Demanding Action to Raise the Value . . . "

 

Promising, but still just Talk . . . hurry up already, no more talk: ACTION ! That's what is needed now people . . . ACTION ! Show us what you got.

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