As security improves, Iraq banks seek a rebound.

[Half Crazy Runner]

27 minutes ago, Butifldrm said:

Iraq is the Middle East’s fifth-largest economy, with the fourth-highest per capita GDP at $17,354.

 

This is why I continue to have faith that the dinar will come back strong. 

 

Thanks Butifldrm for these articles!

[skeetdog]

Thanks Butifldrm...

22 minutes ago, Butifldrm said:

But we have so much more to achieve, especially getting Iraqis to pull their cash out from under their beds and

....As long as the dinar is only worth the stuffing in a mattress...why not leave it there...Now increase the value to where the dinar has to be exchanged for the LD notes...the large notes in those mattress are now worth the security of a bank volt and will need to be turned in for practical everyday functioning LD notes...thus the liquidity problem solved...

[SnowGlobe7]

6 hours ago, The Englishman said:

As a sign of brightening investor opinion, Fitch Ratings recently upgraded Iraq’s economic outlook from negative to stable

 

stable is a word thrown around a lot these days

[gregp]

52 minutes ago, SnowGlobe7 said:

 

stable is a word thrown around a lot these days

 

As a sign of brightening investor opinion, Fitch Ratings recently upgraded Iraq’s economic outlook from negative to stable, thus laying the groundwork for August’s bond sale. Managed by Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co., the sale saw international investors seeking emerging-country debt quickly snap up $1 billion in standalone bonds.

 

i’m seeing some banks here,  ready for daily banking business. 

 

Great post. 

[SnowGlobe7]

you saw it too!!!!

[Half Crazy Runner]

On 10/20/2017 at 7:09 PM, zul said:

 

I hope so.....

Their next meeting on this file will be on Nov.21, 2017

 

 

Thanks zul, I’ve been wondering when in November it was happening! 

[Laid Back]

6 hours ago, gregp said:

 

As a sign of brightening investor opinion, Fitch Ratings recently upgraded Iraq’s economic outlook from negative to stable, thus laying the groundwork for August’s bond sale. Managed by Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co., the sale saw international investors seeking emerging-country debt quickly snap up $1 billion in standalone bonds.

 

i’m seeing some banks here,  ready for daily banking business. 

 

Great post. 

The largest US banks… Praise the performance of Iraqi banks

 

 

 

Based on the invitation received by the Governor of the Central Bank of Iraq Ali Mohsen Ismail al-Alak from the UN Security Council to attend a meeting in New York Tuesday, October 17, 2017 with members of the Council in the United Nations building, in a gesture that is the first of its kind where the Ali al-Alak is the first governor of the central bank in the world to attend such meetings.
The meeting dealt with the management of the Central Bank of Iraq in a studied scientific manner and its experience in combating money laundering, terrorism financing and economic development. Members of the UN Security Council commended the work of the Bank in the difficult circumstances of the country.

The US Center for Strategic Studies pointed out that the global media, has played a negative role in the transfer of unclear picture of the Iraqi market during the past years, stressing that there are many positive aspects and opportunities for investors.

The Middle East official in the bank “Citibank”, which is one of the largest banks in the world , noted to the reassurance of US banks to Iraqi banks after the reform steps by the Central Bank of Iraq to combat money laundering and punish offenders and pursue them , and support development.

The Association of Iraqi private banks, said that “an Iraqi bank delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the two parties,” indicating that “the delegation included 17 private banks and Rafidain and industrial banks and the Executive Director of the Association of Private Banks Ali Tarek and a number of advisers the Association “.
The Iraqi delegation at the American Strategic Studies Center held a meeting with the American side, which included the US Treasury, US banks, the OPEC Foundation and American financial institutions to discuss the Iraqi economy and the challenges facing it. The meeting issued a statement that the global media reflects a negative image of investment in Iraq during the past years where it has significantly affected the entry of foreign companies in the Iraqi market, “noting that it contains a large positive and a great opportunity for investors to work in it.
The Executive Director of the Association of Private Banks Ali Tariq explained the achievements of the Iraqi banking sector, despite the challenges faced during the current period, “and the difficult conditions experienced by the country from the war against terrorism and the decline in world oil prices and the destruction of infrastructure in the provinces that were under the control of ISIS, The reconstruction campaign and the displaced.
He stressed that the work of banks in a continuous development and seeks to reduce the use of cash in life transactions through projects operated by the Association of Iraqi private banks in cooperation with the Central Bank, such as the project of financial inclusion and the settlement of salaries, which is an important projects that the Central Bank to implement in the transfer of cash transactions to the electronic age, and this project is implemented on the basis of a decision of the Council of Ministers at the end of 2016, to be integrated with a set of measures that the Central Bank has succeeded in the past two years to achieve, and includes the project to open accounts for all employees of ministries and government institutions In the banks and the bank will be the guarantor of these salaries, in the framework of enhancing the financial coverage and the dissemination of banking services to all segments of society, which eliminates the risk of theft, loss, fraud and damage upon receipt of salaries.
Tariq said that the first phase has been successfully implemented by settling the salaries of the Central Bank employees through a number of banks selected according to a set of criteria for technical and financial evaluation and services to be provided to the employees and with high transparency. The contract was signed between the Central Bank and the selected banks to take adequate guarantee for the settlement, and issuing bank cards linked to employee accounts.
There are a number of important economic dimensions that will be defined by this project, including the enhancement of financial inclusion and the expansion of financial services, and strengthen the confidence between banks and citizens, which increases the dealings with banks as the proportion of those who have bank accounts in Iraq currently does not exceed 12% of the population.
The project contributes to facilitating the process of paying salaries through banks, which lead to increase the speed of the circulation of money and thus reduce the sharpness of deflation occurring currently due to the financial crisis, and the collection of large amounts for the banks that can be benefited through the strengthening of liquidity, and part of it are put in the channels of credit for productive projects, Business and exit from what is known in economic terms by liquidity trap area.
And Tariq added that “private banks are working hard that its share to be balanced with government banks through deposits, and the enactment of decisions to stimulate government departments to deal with private banks,” stressing that “Iraqi banks implement the law on combating money laundering and terrorism and instructions on compliance and risk management.
The Middle east official in the Citibank Dennis Flannery pointed out “now that the US banks have greater confidence in the Iraqi banks, especially after the positive steps of the Central Bank of Iraq to combat money laundering and punish violators,” and added . “US banks are considering mechanisms of working and cooperation with Iraqi banks and projects which provides a smooth flow of work.”

According to the statement issued, the Association of Iraqi private banks decided “the continuation of regular meetings with the US Treasury and foreign banks, specifically the US with the establishment of an annual forum between Iraqi and US banks.”

Citibank, which is founded in 1812, is one of the largest banks in the world and is the banking arm of Citigroup and operates in more than 100 countries in the world. It is considered with Citigroup the largest bank in terms of deposits in the United States followed by Bank of America, and JPMorgan Chase.

 

Follow the bankers..... Follow the money

Go RV 

[DinarThug]

The largest US banks .. Praises the performance of Iraqi banks

- One Day Ago

 38

 

At the invitation of the Governor of the Central Bank of Iraq Ali Mohsen Ismail al-Alak of the UN Security Council; to attend a meeting in New York Tuesday, October 17, 2017 with the members of the Council in the United Nations building, in a gesture is the first of its kind where the relationship was the first central bank governor in the world to attend Such meetings. 

The meeting dealt with the management of the Central Bank of Iraq in a studied scientific manner and its experience in combating money laundering, terrorism financing and economic development. Members of the UN Security Council commended the work of the Bank in the difficult circumstances of the country. 

The Center for Strategic Studies, the US, that the global media, has played a negative role in the transfer of a clear picture of the Iraqi market during the past years, stressing that there are many positive aspects and opportunities for investors. 

The Middle East official in the bank "Citibank", which is one of the largest banks in the world, the reassurance of US banks to Iraqi banks after the reform steps by the Central Bank of Iraq to combat money laundering and punish offenders and pursue, and support development.

The Association of Iraqi private banks, said that "an Iraqi bank delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the parties," indicating that "the delegation included 17 private banks and Rafidain and industrial banks and the Executive Director of the Association of Private Banks Ali Tarek and a number of advisers the Nexus".

The Iraqi delegation at the American Strategic Studies Center held a meeting with the American side, which included the US Treasury, US banks, the OPEC Foundation and American financial institutions to discuss the Iraqi economy and the challenges facing it. The meeting issued a statement that the global media reflects a negative image of investment in Iraq during the past years. Has significantly affected the entry of foreign companies in the Iraqi market, "noting that it contains a large positive and a great opportunity for investors to work in it.

He explained the Executive Director of the Association of Private Banks Ali Tariq achievements of the Iraqi banking sector, despite the challenges faced during the current period, "and the difficult conditions experienced by the country from the war against terrorism, and low global oil prices, and the destruction of infrastructure in the provinces that were under the control of Dahesh, The reconstruction campaign and the displaced. 

He stressed that the work of banks in a continuous development and seeks to reduce the use of cash in life transactions through projects operated by the Association of Iraqi private banks in cooperation with the Central Bank, such as the project of financial inclusion and the settlement of salaries, which is an important projects that the Central Bank to implement in the transfer of cash transactions To the electronic age, and this project is implemented on the basis of a decision of the Council of Ministers end of 2016, to be integrated with a set of measures that the Central Bank has succeeded in the past two years to achieve, and includes the project to open accounts for all employees of ministries and government institutions In the banks and will be the bank is the guarantor of these salaries, in the framework of enhancing financial coverage and the dissemination of banking services to all segments of society, which eliminates the risk of theft and loss, fraud and damage upon receipt of salaries. 

Tariq said that the first phase has been successfully implemented by settling the salaries of the Central Bank employees through a number of banks selected according to a set of criteria for technical and financial evaluation and services to be provided to the employees and with high transparency. The contract was signed between the Central Bank and the selected banks, And issuing bank cards linked to employee accounts. 

There are a number of important economic dimensions that will be defined by this project, including the enhancement of financial coverage and the expansion of financial services, and strengthen the confidence between banks and citizens, which increases the dealings with banks as the proportion of those who have bank accounts in Iraq currently does not exceed 12% of the population. 

The project contributes to facilitating the process of paying salaries through banks, which lead to faster circulation of money and thus reduce the current contraction due to the financial crisis, and the collection of large amounts of banks that can be benefited through the strengthening of liquidity, and part of it in the channels of credit for productive projects, Business and exit from what is known in terms of economic liquidity trap area. 

And Tariq that "private banks are working hard to be balanced with government banks through deposits, and the enactment of decisions to stimulate government departments to deal with private banks," stressing that "Iraqi banks implement the law on combating money laundering and terrorism and instructions on compliance and risk management.

"The US banks now have greater confidence in the Iraqi banks, especially after the positive steps of the Central Bank of Iraq to combat money laundering and punish violators," said the bank's Middle East official Denis Flannery. "US banks are considering working mechanisms and cooperation with Iraqi banks and projects. Which provides a smooth flow of work. " 
According to the statement issued by the Association of Iraqi private banks, "the continuation of regular meetings with the US Treasury and foreign banks, specifically the US with the establishment of an annual forum between Iraqi and American banks." 

Founded in 1812, Citibank is one of the largest banks in the world and is the banking arm of Citigroup and operates in more than 100 countries. Citigroup is the largest bank in terms of deposits in the United States followed by Bank of America, and JPMorgan Chase.

Shatha Khalil *

Researcher in Economic Unit

Link Center for Research and Strategic Studies

 

link

[nannab]

Just WOW !  Thanks Laid Back .

[pokerplayer]

Excellent read !!  Thanks Laid Back

 

   pp

[blueskyline]

Thank You Laid Back , GE DV's . The articles being given to us now are undeniable . Thing are moving at a Furious pace ." ...................................................

"Follow the bankers..... Follow the money" The US Banks are pleased with Iraq's................. They must also be pleased with the Iraqi Dinar

 

[Laid Back]

1 hour ago, nannab said:

Just WOW !  Thanks Laid Back .

Our investment is moving in the right direction...

1 hour ago, pokerplayer said:

Excellent read !!  Thanks Laid Back

 

   pp

You're welcome pp,

after all this years waiting for something to happen and now we see progress and positives news almost everyday 

Go RV

[Freedomwish]

3 minutes ago, Laid Back said:

Our investment is moving in the right direction...

You're welcome pp,

after all this years waiting for something to happen and now we see progress and positives news almost everyday 

Go RV

Keep on preaching brother Laidback!! 

[Wiljor]

“Citibank, which is founded in 1812, is one of the largest banks in the world and is the banking arm of Citigroup and operates in more than 100 countries in the world. It is considered with Citigroup the largest bank in terms of deposits in the United States followed by Bank of America, and JPMorgan Chase.”

 

If the biggest banks in the world are on board, we are definitely headed for good things DV. 

Laid Back, awesome read and thanks a million brother 

 

[6ly410]

Edited October 25, 2017 by 6ly410

[DinarThug]

Mr. Ali Mohsen Ismail Al-Alaq

The importance of the role played by the Iraqi government in preventing the financing of terrorism and in the pursuit of financiers Da'eej and to explain the continuing steps taken by the Central Bank of Iraq in this regard hosted by Washington Washington DC studies of the Central Bank of Iraq, Dr. Ali Alalak in a special seminar during which discussed the financial situation Iraq has clearly shown the various procedures carried out by the Central Bank, which resulted in the suspension of a large number of companies and their connection to the financial system and the different communications network. As well as the case of some of them to the courts and the inclusion of some of them even in the list of the Security Council. He considered this a major achievement, considering that for the first time in Iraq, cases related to money laundering and terrorism financing will be referred to the courts and dealt with the relationship during the symposium to fight corruption, restructure Iraq's financial and economic institutions and integrate them with the international community and attract global investment to contribute to rebuilding liberated cities. Of the dodge. About Open the. Uh Correspondent banks of the Iraqi banks Ah uh fact, we stressed that this subject is very important and has important dimensions. The Iraqi banks, and us, that the measures taken by the Central Bank on the subject of compliance and control of money laundering and the financing of terrorism must be Al-Faisal is the standard in the acceptance or non-acceptance of Al-Masar, and this seminar on the sidelines of meetings of the Bank and the International Monetary Fund. In which the Governor of the Central Bank of Iraq discussed the assistance that the World Bank can provide to assess the damage caused by the organization and the estimated funds required to restore the infrastructure of liberated cities before the conference of donor countries scheduled to be held in Kuwait. The fact that meetings were held in Washington with the International Monetary Fund. Uh was focused on the follow-up of the implementation of the program of credit readiness, which began since 2000 and a periodic review is also put forward during the general meeting of the Fund some of the requests, including the participation of the International Monetary Fund in. In an unprecedented step in US policy history, the governor of the Central Bank of Iraq will meet with the US National Security Team to discuss Iraq's strategy to fight money laundering and prosecute terrorist financiers Zain Ibrahim al-Iraqi from Washington, DC.

[DinarThug]

(translation by jesuslovesbaseball)

Iraqi private banking sector

 

The improvement of the security and political situation in Iraq has made it the focus of the attention of international financial institutions and institutions, providing them with viable opportunities to invest in specific areas. For its part, seeking Iraqi private banks to achieve the cooperation of the largest international banks, especially the United States, especially as Baghdad has taken steps and legislative parliamentary aims to modernize investment laws in the country. Iraqi banks are working to build bridges of cooperation with their US counterparts by encouraging them to open offices in Iraq. And research opportunities and challenges in the Iraqi market The Center for Strategic and International Studies in Washington held a dialogue between officials of Iraqi and US banks on the one hand and decision makers in Washington on the other hand a large delegation of Iraqi banks and private Iraqi banks and government drilling. Beijing Washington uh in an extended meeting with. Government and banks. Ah, of course, this is the first meeting of its kind. US strategist Today we love first clarify the situation of Iraq and the situation of the economy and financial sector of Iraq and frankly while in the previous period and I think the next period, especially after the completion of the interlock of the liberation of all the land will be purely economic focus on the issue of job creation and the development of the financial system. President. In a different situation than in the past, the country is improving in most areas and the future of Iraq will lead the Iraqis and there is an effective government, private sector and an influential private economy. There are investment opportunities in the United States and Americans have to understand that the news we read in the newspapers. Do not represent reality or reality on earth. There are little success stories in the US newspapers that we are trying to clarify through this meeting. A picture of the Americans on the Iraqi economy Iraq is now a developed country, a state on the top of it until it progresses in the right way. And apply international standards in most directions of the Iraqi economy, which depends to a large extent on the public sector and the dominance of Iraqi government banks on the banking sector in addition to the popular reliance on financial liquidity instead of dealing with credit cards is one of the most important challenges that turn Iraqi banks to find solutions to attract US banks to the country working United States with banks. Establishment of the insurance system for bank deposits for people in general. So if the bank is exposed to something wrong, their money will be safe. There are billions of dinars in the Iraqi people and if deposited in banks will be a qualitative leap jumps the Iraqi economy five. Perhaps the most prominent features of the transition from a totalitarian system to a democratic system and the direction of the open economy reduces dependence on the public sector to raise the level of private sector investment. In order to move the wheel of the economy and give young people a free job and options to shape their future economically. Zain Ibrahim for Iraqis from the US capital Washington.

[Laid Back]

2 hours ago, blueskyline said:

Thank You Laid Back , GE DV's . The articles being given to us now are undeniable . Thing are moving at a Furious pace ." ...................................................

"Follow the bankers..... Follow the money" The US Banks are pleased with Iraq's................. They must also be pleased with the Iraqi Dinar

 

 

2 hours ago, Freedomwish said:

Keep on preaching brother Laidback!! 

 

2 hours ago, Wiljor said:

“Citibank, which is founded in 1812, is one of the largest banks in the world and is the banking arm of Citigroup and operates in more than 100 countries in the world. It is considered with Citigroup the largest bank in terms of deposits in the United States followed by Bank of America, and JPMorgan Chase.”

 

If the biggest banks in the world are on board, we are definitely headed for good things DV. 

Laid Back, awesome read and thanks a million brother 

 

You're welcome guys.!

 

Exciting  times ahead 

 

Go Dinar

Go former glory