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New CBI Announcement 04/21/2017


yota691
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  • ( Statement)  in order to clarify the full picture about the branches of foreign banks dealing with the sale of foreign currency window We would like to show follows
     
    The branches of foreign banks operating in Iraq represent the main bank with all its capabilities, including its capital, and the Iraqi Central Bank's demand for these branches to provide (seventy billion dinars), which is only an operational capital and does not represent the capital of the bank as a whole.
     
    The entry into the window of sale of foreign currency for the banks operating in Iraq in general is on the criteria approved by the Central Bank of Iraq and international accounting companies are solid and available to all banks to see and therefore when some branches of foreign banks exceed these standards are excluded from entering the window or when matching standards , as is the case with all Iraqi banks will get the maturity and there is no discrimination deal for the Central Bank of Iraq between banks operating in Iraq , whether foreign or Iraqi , but on the basis of classification  because it forms part of the Iraqi banking system .
    Note that a number of Arab and foreign banks do not enter the window of sale of foreign currency originally or intervention in limited quantities and that the share of Iraqi banks still represent the largest proportion of sales of the dollar.

    2017/4/21

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History of edits:: 2017/4/21 12:29 • 56 times readable
Central Bank: No distinction between foreign banks and Iraqi currency auction
[Oan- Baghdad] 
denied the Central Bank of Iraq, there is no discrimination between foreign and Iraqi banks in the sale of currency to enter the window [auction process].
"The branches of foreign banks operating in Iraq represent the main bank with all its capabilities, including its capital, and the Iraqi Central Bank's demand for these branches to provide [seventy billion dinars] what Is an operating capital and does not represent the entire capital of the Bank. " 
He added: "The entry into the window of selling foreign currency for banks operating in Iraq in general is on the criteria approved by the Central Bank of Iraq and international accounting companies are solid and available to all banks to see and therefore when some branches of foreign banks exceed these standards are excluded from entering the window either When matching the standards as is the case with all Iraqi banks will get their entitlement. " 
Jabbar denied "the existence of discrimination in dealing with the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi only on the basis of classification because they form part of the banking system of Iraq." 
He pointed out that "a number of Arab and foreign banks do not enter the window of sale of foreign currency originally or intervention in limited quantities and the share of Iraqi banks still represent the largest proportion of sales of the dollar."
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BAGHDAD / Tomorrow Press: 
Iraqi Central Bank revealed on Friday for dealing with all Iraqi and foreign banks in the same contexts, he did not distinguish between those banks to enter the sale of the currency window. 
The Information Office of the Central Bank of Iraq Acer 's director Jabbar said in a statement , "Tomorrow 's Press" received a copy of it, " The branches of foreign banks operating in Iraq represents a bank president with all its capabilities, including its capital and the claim of the Central Bank of Iraq to these branches need to provide (seventy billion dinars ) is only operational capital and does not represent the entire share capital of the bank. " 
He added that "entering the sale of foreign currency window for banks operating in Iraq in general be approved by the Central Bank of Iraq standards and accounting firms of international solid, which is available to all banks to see them and thus when they exceed some branches of foreign banks , these criteria are excluded from entering the window, but when matching the criteria as is the case with all Iraqi banks, you will get maturity. " 
He noted , "there is no discrimination deal for the Central Bank of Iraq between banks operating in Iraq , whether foreign or Iraqi , but on the basis of classification because they are part of the Iraqi banking system." 
He said " a number of Arab and foreign banks do not enter the window of the sale of foreign currency intervention or already in limited quantities and that the share of the Iraqi banks continue to represent the largest proportion of dollar sales." 
The Iraq Stock Exchange recorded an increase in the sale of currency on Thursday.
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News and Announcements 
(Statement)  Iraq 's readiness to discuss the credit program with the International Monetary Fund 

A senior Iraqi delegation participated in the spring meetings of the IMF and World Bank currently being held in Washington.
  Mr. Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail Keywords and progress, with the participation of the Minister of Finance Agency, Dr. Abdul-Razzaq al-Issa and adviser to Prime Minister for Financial Affairs appearance of Dr. Mohammed Saleh, Director General of the Investment Department, Dr. Mazen Sabah Ahmed and adviser to the Central Bank of Sebastian Talat, agents and directors of two years of financial and electricity ministries. 
The delegation discussed with the IMF team headed by Christian Jos negotiating team from the International Fund for the Director of the second review of the program to prepare the credit (SBA) between Iraq and the International Monetary Fund in the spring meetings of the IMF and the World Bank agenda Ateyen currently being held in Washington in 2017.
04/21/2017

 

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13489.jpg
   
Economy News _ Baghdad:
 
 
 
A senior Iraqi delegation participated, on Friday, at the spring meetings of the IMF and World Bank currently being held in Washington. 
 
A statement by the Ministry of Finance "Economy News" received a copy of it, that the Iraqi delegation headed by Minister of Finance Dr. Abdul Razzaq al-Essa discussed with the IMF team headed by Christian Jos team manager negotiator for the International Fund for the second review of the program to prepare the credit (SBA) between Iraq and the International Monetary Fund within the spring meetings of the IMF and the World Bank agenda Ateyen currently being held in Washington in 2017.
 
The statement added, that the Iraqi delegation included the Iraqi Central Bank Governor Dr. Ali Keywords Advisor to the Prime Minister for Financial Affairs, Dr. Mohammed Saleh and the appearance of agents and general managers from finance ministries, electricity and the Central Bank of Iraq.
 
 
 
mm
 
 
 
 
Views 646   Date Added 04/21/2017 - 19:14   Last updated 22/04/2017 - 13:38   No. Content 7227
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