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CBI News 10/15/2017


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 October 15, 2017
The Governor of the Central Bank participates in the meetings of the Higher Committee for Reconstruction and Investment

 

The Governor of the Central Bank participates in the meetings of the Higher Committee for Reconstruction and Investment

The Governor of the Central Bank, Dr. Ali Mohsen Ismail Al-Alaq participated in the meetings of the Higher Committee for Reconstruction and Investment on Wednesday 11 October 2017, which was chaired by the Prime Minister.

The meeting dealt with the issues related to the advancement of reconstruction and investment projects in Iraq.

 

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Al-Nusseiri hails the Central Bank's actions in developing and reforming the banking sector
 
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arrow.gif Banks
 
 

Economy News _ Baghdad

The economic and banking adviser, Samir Nusairi, praised the developmental and reform measures carried out by the Central Bank of Iraq two years ago to meet the challenges faced by Iraqi banks because of the economic and financial crisis experienced by Iraq.

Although the Central Bank has prepared and launched a strategy for the years (2016-2020), which included primary and secondary objectives to achieve financial stability and develop the banking system in accordance with new mechanisms and work points, this does not prevent the Bank from adopting visions and proposals through the Central Bank and the Ministry of Finance analyzing the financial position of banks Current and expected for the years (2017-2020) and determine the actual need for liquidity to sustain the cash circulation in the Iraqi market and stimulate the economic cycle in all areas and the development of a proactive plan to prevent bankruptcy and the collapse of some banks and the maintenance of the wheel of banking under the circumstances The use and use of new mechanisms and instruments for monetary policy applications ".

He added that "the current banking financing structure is plagued by many failures and obstacles and in order to increase credit and total funding from banks and to activate their contribution to various aspects of investment and reconstruction and to push the development process and move the economic cycle in Iraq, we see a serious step is to re-examine the policy of lending and bank financing and activating the optimization of financing private projects Small and medium as a social and economic objective with special priority and urgent and that the Central Bank of Iraq has an effective supervisory and supervisory role. "

He pointed out "the importance of activating the role of government banks, specialized banks and private banks to provide easy loans to the private sector, national individuals and companies in accordance with the initiative of the Central Bank to finance small and medium enterprises, as well as finding solutions to the problems

of taxes and accumulated benefits of the owners of projects suspended production.

 

http://economy-news.net/content.php?id=9376

 
Views 251   Date Added 13/10/2017
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3 minutes ago, 10 YEARS LATER said:

can Iraq get quit screwing around, pull it's head outta it's own azz

 

Knowing Them -They'll Probably Just Jump To Try And Make All Of Their Problems 'Disappear'! :o 

 

:D  :D  :D 

 

 

 

https://cbi.iq/news/view/431

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

15th October, 2017


To the Ministry of Commerce / Companies Registration Department (leave withdrawal)

file-150805509791628.jpg

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1 hour ago, Butifldrm said:

 

Although the Central Bank has prepared and launched a strategy for the years (2016-2020), which included primary and secondary objectives to achieve financial stability and develop the banking system in accordance with new mechanisms and work points, this does not prevent the Bank from adopting visions and proposals through the Central Bank and the Ministry of Finance analyzing the financial position of banks Current and expected for the years (2017-2020) and determine the actual need for liquidity to sustain the cash circulation in the Iraqi market and stimulate the economic cycle in all areas and the development of a proactive plan to prevent bankruptcy and the collapse of some banks and the maintenance of the wheel of banking under the circumstances

 

Thank You, Butifldrm, for this and all the other articles You bring over! The Best Of Your Weekend To You! :tiphat:

 

YEAH, BABY!!!!!!!!!!!!!!!!!! The language here from the articles seems to strongly suggest the Central Bank (maybe et al) can change things up at any time to maintain stability and accomplish their goals! Although IQD revaluation is not mentioned here, the article language does not appear to rule that out!

 

This is another exciting piece, to me, and I am anticipated a United and Sovereign Iraq soon with major progress to completion of the implementation of Article 140 and HCL. Along with that, I am anticipating (maybe I am wrong), more articles with regard to the IQD and calls for implementing the Strategic Framework Agreements with the US and France.

 

Exciting Times!

 

Go Moola Nova!

:pirateship:

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2 hours ago, DinarThug said:

https://cbi.iq/news/view/431

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies

15th October, 2017


To the Ministry of Commerce / Companies Registration Department (leave withdrawal)

file-150805509791628.jpg

 

Here It Is Translated ...

 

 

 

Withdrawal of the license of Al-Qaws to mediate the sale and purchase of foreign currencies


file-150805509791628.jpg

Translation:

To the Ministry of Commerce / Corporate Registration Department
M / withdrawal leave
good greeting. 6 and
On the basis of the Board of Directors' decision No. (11) for the year 19.
In view of the violation of Al-Qaws to mediate the sale and purchase of foreign currencies for the provisions of the instructions regulating the work of companies
Mediation No. (16).
It was decided to withdraw the company's leave and confiscate the guarantee letter issued in favor of this bank and cancel the establishment's authority
And provide us with a letter of cancellation of the Company's name from your records and the record and the certified liquidation book
We appreciate your attention and appreciation 6. With appreciation

J is k
Saleh Ali

https://cbi.iq/news/view/431

Edited by DinarThug
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