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As security improves, Iraq banks seek a rebound.


yota691
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Fyi, Announced Back In July - Another Banking Meeting Starts Immediately Afterwards In New York ...

 

 

America Invites the Association of Private Banks to Participate in the Arab American Banking Conference in New York

July 13, 2017

 

The United States of America has invited the Association of Private Banks to participate in a US-Arab banking conference in New York at the Federal Reserve’s headquarters on October 16.

The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, said that during our meeting with US Ambassador Douglas Sulliman in Baghdad, he invited the Association of Private Banks to participate in an Arab-American banking conference in New York on October 16, adding that the door is open to all Iraqi banks To participate in the conference within the delegation that will represent the country.

He pointed out that the Minister of Economic Affairs at the US Embassy Larry Mimot called for the Association of Private Banks to visit its headquarters and explain the details of the conference to all Iraqi banks, explaining that the Central Bank called on private banks to hold a meeting to unify the views on dealing with correspondent banks and put them at the next meeting in the United States.

He said that this conference will contribute significantly to strengthen the relationship between Iraqi and US banks, which have a primary in dealing with Iraq, which reflects positively on the work of banks.

The Union of Arab Banks will organize the largest Arab-American banking gathering in New York at the US Federal Reserve on October 16, 2017. The dinner will be attended by 500 bankers in cooperation with ABANA.

http://en.economiciraq.com/201.....-new-york/

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“The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC.”

 

Follow the bankers..... Follow the money.

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

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14 minutes ago, Laid Back said:

“The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC.”

 

Follow the bankers..... Follow the money.

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

:lol:Blind leading the Blind :lol:

Sorry my friend, I simply couldn't resist.

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An official source said that the measure would harm the national economy,"especially since more than 30 percent of the total hard currency in the country is in the banks of the Kurdistan region.

 

 

You mean 30% of the 30%.... Because the other 70% is the chunky cash.

 

Go strategy to collect the chunky cash

Go Go purchasing power

Go $1:1

 

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2 hours ago, Laid Back said:

An official source said that the measure would harm the national economy,"especially since more than 30 percent of the total hard currency in the country is in the banks of the Kurdistan region.

 

 

You mean 30% of the 30%.... Because the other 70% is the chunky cash.

 

Go strategy to collect the chunky cash

Go Go purchasing power

Go $1:1

 

You work it Laid BAck, see you can not sleep either.  :lol:

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  • 2 weeks later...
2017/10/11 (00:01 PM) - Number of readings: 31 - Number (4038)
 
 
WASHINGTON - Annual meetings of the International Monetary Fund (IMF) are being held at an event that is the highlight
 
WASHINGTON - Annual meetings of the International Monetary Fund (IMF) are being held at an event that is the highlight

 Baghdad / Zahraa al-Jassim 


The six-day annual meetings of the International Monetary Fund (IMF) were held in Washington, DC, on Tuesday. The agenda of the meetings on the first day included a discussion on what the IMF is doing and what are the main and unregistered objectives. Christophe Rosenberg, on how the International Monetary Fund (IMF) finances its operations, while the IMF's General Counsel and Director of the International Monetary Fund Shawn Hagan pointed out how to develop the IMF's capabilities. 

The first day of the event, the most important event in the world economic affairs, was held by Al-Mada, a press conference on the prospects of the global economy, and the IMF's interest in global economic issues and its role in the international financial architecture. And the Fund's services to the global media. 

The meetings will discuss several topics, including the examination of emerging lessons on consultation, participation and disclosure. The Inspection Panel, the World Bank's Independent Accountability Mechanism, will publish its latest report in a series of lessons learned on experiences from consultation, participation and disclosure, The lessons will serve as a forum to discuss what makes citizens' participation successful, the challenges faced by development practitioners in this area, and how the Bank's experience has reached the criteria for participation in the new environmental and social framework. 

Among the keynote speakers at the event were World Bank Chief Executive Officer Cristalina Georgieva, Oxfam President and CEO Abby Maxman, World Bank Chief Executive Officer Jason Alford, as well as other economists and specialists in global economic and financial affairs. Of accredited journalists to attend these meetings from around the world. 

The IMF and the World Bank are sister organizations within the United Nations system and share a common goal of raising living standards in their member countries. The two institutions follow two complementary approaches to this goal. IFAD focuses on macroeconomic issues while the Bank focuses on long-term economic development And poverty reduction.

link

Edited by DinarThug
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Reposted From July  - The Schedule For This Weeks IMF Meeting In Washington DC And Next Weeks Arab-American Banking Conference In New York...

 

ANNUAL AND SPRING MEETINGS OF THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK GROUP

The Annual Meetings of the Boards of Governors of the the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system. This year's events will take place in Washington, DC, October 9-15, 2017.

https://www.imf.org/external/am/2017/index.htm

 

Iraqi banks are looking with the US Treasury to open relations with foreign banks

July 19, 2017

Government, private and foreign banks operating in Iraq have discussed with US Treasury officials at the headquarters of the Association of Iraqi Private Banks to open relations with foreign banks, specifically US banks.

The Association of Iraqi Private Banks said in a press statement, “We organized a dialogue session in the presence of Central Bank representative Mazen Sabah, representative of the Union of Arab Banks Khawla al-Asadi, member of the parliamentary economy committee Mahdi al-Hafiz, directors of private and government banks and heads of branches of Arab and foreign banks operating in Iraq with the Minister of Economic Affairs at the US Embassy Larry Mimot and representative of the US Treasury in Iraq. ”

She added that “the dialogue session aims to open a new page of relations with foreign banks and specifically with the US banks,” indicating that “a committee formed by the Central Bank Mazen Sabah and agreed to form a delegation including government and private banks to visit the United States and establish strong relationships with correspondent banks Specifically the US. ”

She noted that “the Arab-American banking conference will be held in New York on the sixteenth of October next and Iraq will participate with a large banking delegation,” noting that “there is great confidence between the Association of Iraqi private banks and the US Treasury.”

On the other hand, the Minister for Economic Affairs at the US Embassy, Larry Mimot, said during the meeting, “I have seen the activities carried out by the Association of Iraqi Private Banks, including philanthropy and the development of human capacities working in the banking sector through training, specifically in the file of combating money laundering and financing terrorism.”

He pointed out that “the banking sector is one of the main reasons for the development of the Iraqi economy and we will work with the developers to develop it, and encourage Iraqi banks to open relations with the Association of American private banks.”

He called Memot private banks to “the need to find new ways to lend to small projects because they contribute to the development of the relationship between banks and foreign companies that will lead to the development of relations with foreign banks,” pointing out that “the US government can not impose anything on private banks.”

Meanwhile, the representative of the Central Bank at the meeting, Mazen Sabah, that Iraq is committed to international standards, specifically in the areas of combating money laundering, risk management, insurance and international accounting and there is a tightening of the central bank on the need to adhere to banks operating in Iraq these standards, , Indicating that “Iraq’s direction during the current stage to open relations with foreign banks and Arab and began to form a committee on this matter.”

On the other hand, the representative of the Union of Arab Banks, the head of Rafidain Bank, Khawla Asadi, said that “the classification of the new Iraq is in the follow-up area after leaving the gray area,” noting that “Iraq is very much in the fight against money laundering.”

She stressed that “the Arab financial reports indicate that Iraq has an advanced classification of Arab, and we are working to develop relations with foreign correspondent banks.”

In turn, the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf, in an intervention during the meeting, “There are many Iraqi private banks are ready and comply with international standards and is ready to open accounts with foreign correspondent banks for the ownership of a cadre of excellence and policies and procedures are subject to international standards In addition to integrated services. ”

While, asked the Chairman of the Board of Directors of the Bank of the South Ali Zaidi, is the problem of opening bank accounts in global banks lies with Iraqi banks or foreign banks, specifically the US.

In the meantime, the director of the Bank of Baghdad, “Basem Dahi”, said that “government banks are taking over the banking business in Iraq because of government policies that support at the expense of the banking sector.”

http://en.economiciraq.com/201.....ign-banks/

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  • yota691 changed the title to America Invites the Association of Private Banks to Participate in the Arab American Banking Conference in New York

(by walkingstick)

Iraqi and US banks meet in Washington

12/10/2017

 Baghdad / Hussein Thogb 

The presence of adults on the field of international work comes in any case, where conventional economies are not usually not important international attention of the largest economic blocs, and here comes the presence of Iraqi banks and US banks in Washington evidence of the importance of Iraq and its economy for the side The other, who is aware that the size of work in our country is large and can be employed in the financial and executive sector in more than one sector within Iraq. Preparations continue between Iraq represented by the Association of Iraqi private banks and the US States represented by the Institute of Strategic Studies, And an Iraqi-US meeting on October 18  Great cooperation.

The Executive Director of the Association of Private Banks Ali Tariq said: "Iraq has a great international interest that can be noted by the presence of international delegations from various economic blocs important to Baghdad,there is great cooperation between the Association and the US Treasury through continuing meetings to discuss mechanisms to promote the Iraqi financial sector." 

He said in an interview with Al-Sabah that "strengthening cooperation between the two sides and raising its levels to levels of mutual benefit will be the most important axes of the Iraqi-US forum in Washington," pointing out that " 

The representative of the US Treasury Department in the Embassy of his country in Baghdad to the development of the Iraqi financial sector needs to be highlighted by the media to realize all those who follow this achievement in the most important economic axis within any country. "

 Tariq pointed out that" the forum will discuss the mechanisms of cooperation between the Iraqi banking sector and his American counterpart, which contributes to the development of the joints of domestic banking, especially as the US banks have the capabilities of technology can provide advanced bridges of cooperation to achieve great benefit to both sides of the process. "He pointed out that" The Iraqi delegation will be formed by Iraqi banks to meet with the US Treasury and major banks and the Foreign Ministry there and representatives of the World Bank and the  International Monetary Fund . Bridges of cooperation

"The forum includes two aspects, the first is to present and clarify the current reality of the banking sector of the American side to be a picture of the reality of all the details of how the future and prospects of our financial reality, the other side includes the opening of bridges of cooperation directly with US banks and this gives greater confidence to our banking sector globally because US banks has a high degree of compliance with the anti - money laundering operations and the financing of terrorism and laws, "also contribute to encouraging investment in Iraq and within the banking sector  

itself . " .ocd that "League heading to open prospects for cooperation in the field of capacity building and the development of the banking system presentation building Oz in general to get to the point that it is world - class. " Economic processes

"The need to connect with major economies and increase the friction with them to contribute to the development of our economy, especially in the financial sector, which needs the new international banks in the systems and products to move the overall  economic processes . 

He pointed out that "the Iraqi financial sector needs to activate its development role commensurate with the country's economic capabilities that require banking services capable of dealing with large numbers," pointing out that "the view of the American experience is very important and makes Iraqi banks to new tasks after It is available in the field experiment on the 
 US. "

http://www.alsabaah.iq/Article.....?ID=145824

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http://www.alsabaah.iq/ArticleShow.aspx?ID=145824.............

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Iraqi and US banks meet in Washington

   
 

 
 


12/10/2017 12:00 am 

 Baghdad / Hussein Thogb The  
presence of adults on the field of international work comes in any case, where conventional economies are not usually not important international attention of the largest economic blocs, and here comes the presence of Iraqi banks and US banks in Washington evidence of the importance of Iraq and its economy for the side The other who is aware that the size of work in our country is large and can be employed in the financial and executive sector in more than one sector within Iraq. Preparations continue between Iraq represented by the Association of Iraqi private banks and the US States represented by the Institute of Strategic Studies, And an Iraqi-US meeting on October 18  
. Great cooperation



The Executive Director of the Association of Private Banks Ali Tariq said: "Iraq has a great international interest that can be noted by the presence of international delegations from various economic blocs important to Baghdad, there is great cooperation between the Association and the US Treasury through continuing meetings to discuss mechanisms to promote the Iraqi financial sector." 
He said in an interview with Al-Sabah that "strengthening cooperation between the two sides and raising its levels to levels of mutual benefit will be the most important axes of the Iraqi-US forum in Washington," pointing out that " 
The representative of the US Treasury Department in the Embassy of his country in Baghdad to the development of the Iraqi financial sector needs to be highlighted by the media to realize all those who follow this achievement in the most important economic axis within any  
country. " Tariq pointed out that" the forum will discuss the mechanisms of cooperation between the Iraqi banking sector and his American counterpart, which contributes to the development of the joints of domestic banking, especially as the US banks have the capabilities of technology can provide advanced bridges of cooperation to achieve great benefit to both sides of the process. "He pointed out that" The Iraqi delegation will be formed by Iraqi banks to meet with the US Treasury and major banks and the Foreign Ministry there and representatives of the World Bank and the  International Monetary Fund . Bridges of cooperation








"The forum includes two aspects, the first is to present and clarify the current reality of the banking sector of the American side to be a picture of the reality of all the details of how the future and prospects of our financial reality, the other side includes the opening of bridges of cooperation directly with US banks and this gives greater confidence to our banking sector globally because US banks has a high degree of compliance with the anti - money laundering operations and the financing of terrorism and laws, "also contribute to encouraging investment in Iraq and within the banking sector  
itself . " .ocd that "League heading to open prospects for cooperation in the field of capacity building and the development of the banking system presentation building Oz in general to get to the point that it is world - class. " Economic processes



"The need to connect with major economies and increase the friction with them to contribute to the development of our economy, especially in the financial sector, which needs the new international banks in the systems and products to move the overall 
 economic processes . He pointed out that "the Iraqi financial sector needs to activate its development role commensurate with the country's economic capabilities that require banking services capable of dealing with large numbers," pointing out that "the view of the American experience is very important and makes Iraqi banks to new tasks after It is available in the field experiment on the 
 US. " 

 
 
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  • yota691 changed the title to As security improves, Iraq banks seek a rebound.

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