The Governor of the Central Bank is discussing "important" files with the UN Security Council in New York

[yota691]

Governor of the Central Bank meets with the UN Security Council

 

 Since 2017-10-18 at 13:58 (Baghdad time)

Baghdad Mawazine News

The governor of the Central Bank of Iraq, Ali al-Alaq, met with members of the UN Security Council to discuss the important files at the invitation of an official addressed to him.

The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar in a statement received / Mawazin News / copy, that "the governor of the Iraqi Central Bank Ali Alalak met in New York with members of the UN Security Council in the United Nations building, where this meeting is the first of its kind in the world "Adding that" where the governor of the Central Bank of Iraq is the first governor of a central bank to attend such meetings. "

He added that "during the meeting was to hear a detailed explanation on the experience of this bank in the fight against money laundering and terrorism financing and members of the Security Council and the work of the Iraqi Central Bank and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq."

[yota691]

Security Council praises the work of the Central Bank of Iraq

 

Governor of the Central Bank Ali Alalak "Economy News"

Economy News Baghdad: The UN Security Council on Wednesday praised the work of the Central Bank of Iraq and its administration in the fight against money laundering and terrorist financing. The Director of the Information Office, Acer Jabbar said in a press statement received by "Economy News", "The governor of the Iraqi Central Bank Ali Alalak met in New York with members of the Security Council in the United Nations building," noting that "this meeting is the first of its kind in the world" . He added that "during the meeting was to hear a detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing and members of the Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the attendant exceptional circumstances going through Iraq.   Views 18   Date Added 18/10/2017

[Butifldrm]

 

The Governor of the Central Bank is considering "important" files with the UN Security Council in New York   Wednesday, October 18,

 

 

 

BAGHDAD (Reuters ) - Iraq's central bank
announced on Wednesday that its governor, Mohsen Ismail, met with members of the UN Security Council in New York, adding that he had discussed important issues with council members. " The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met and discussed important files with the members of the United Nations Security Council in the United Nations building at the invitation of the Council," the director of the Information Office of the Bank, Acer Jabbar, said in a statement received by Alsumaria News.

 

Jabbar added that "the meeting held in New York is the first of its kind in the world," noting that "the governor of the Central Bank of Iraq is the first bank governor attend such meetings." 

He added that "the meeting was attended by a detailed explanation of the experience of this bank in combating money laundering and terrorism financing," pointing out that "the members of the Council commended the work of the bank and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq." 

The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

 

http://www.alsumaria.tv/news/219028/محافظ-البنك-المركزي-يبحث-ملفات-مهمة-مع-مجلس-الامن/ar

[yota691]

The Governor of the Central Bank is considering "important" files with the UN Security Council in New York

 

Wednesday, October 18,

 

BAGHDAD (Reuters ) - Iraq's central bank announced on Wednesday that its governor, Mohsen Ismail, met with members of the UN Security Council in New York, adding that he had discussed important issues with council members. " The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met and discussed important files with the members of the United Nations Security Council in the United Nations building at the invitation of the Council," the director of the information office of the bank, Acer Jabbar said in a statement received by Alsumaria News.     Jabbar added that "the meeting held in New York is the first of its kind in the world," noting that "the governor of the Central Bank of Iraq is the first bank governor attend such meetings."  He added that "the meeting was attended by a detailed explanation of the experience of this bank in combating money laundering and terrorism financing," pointing out that "the members of the Council commended the work of the bank and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq."  The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

[Butifldrm]

The governor of the Central Bank is discussing with the Security Council important files in the first meeting of its kind

Release Date: 2017/10/18 14:10 • 39 times read

{Baghdad: Al Furat News} Central Bank Governor Ali Mohsen Ismail discussed with the UN Security Council important files at a meeting of the first of its kind in the world at the invitation of him.

"The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met in New York with members of the UN Security Council in the United Nations building, where this is the first meeting of the Central Bank of Iraq, Its kind in the world where the governor of the Central Bank of Iraq is the first governor of a central bank to attend such meetings. " 
He added, "During the meeting, we listened to a detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing, and members of the Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq."

 

http://alforatnews.com/modules/news/article.php?storyid=152278

[Synopsis]

10 minutes ago, yota691 said:

The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar in a statement received / Mawazin News / copy, that "the governor of the Iraqi Central Bank Ali Alalak met in New York with members of the UN Security Council in the United Nations building, where this meeting is the first of its kind in the world "Adding that" where the governor of the Central Bank of Iraq is the first governor of a central bank to attend such meetings. "

 

Interesting Occurrence and Interesting Timing.

 

The article states the CBI Governor gave a "detailed explanation" on the "CBI's fight against money laundering" and "terrorism financing". Sounds like some form of "confirmation" that Iraq has handled and is handling their business properly.

 

I wonder if this is a fulfillment of some type of Iraqi requirement for the removal of Iraqi sanctions, the prevention of future restrictions on Iraq, and/or the "graduation" to a higher level of Iraqi autonomy and Sovereign State. The meeting seemed to be VERY important!

 

Go Moola Nova!

[chinadawg]

sounds like the CBI is seeking WORLD APPROVAL to move forward with monetary reforms that hopefully will result in what we are all looking for.

[yota691]

 

The UN Security Council praises the work of the Central Bank of Iraq economy 13:53 Last updated The time now is 02:01 PM 107 Watch     BAGHDAD / Al-Ghad Press: The  UN Security Council on Wednesday praised the work of the Central Bank of Iraq and its administration in the fight against money laundering and the financing of terrorism.  The Director of the Information Office, Acer Jabbar in a press statement received "Al-Gharab Press" a copy of it, "The Governor of the Central Bank of Iraq Ali Alalak met in New York with members of the Security Council in the United Nations building," noting that this meeting is the first of its kind in the world "He said. He added that "during the meeting was to hear a detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing and members of the Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the attendant exceptional circumstances going through Iraq.

[yota691]

18-10-2017 02:50 PM

Central is looking at "important" files with the UN Security Council in New York

 

 

 

Iraq's central bank announced on Wednesday that its governor Ali Mohsen Ismail met with members of the UN Security Council in New York, pointing out that he had discussed important files with members of the council. 

"The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met and discussed important files with the members of the UN Security Council in the United Nations building at the invitation of the Council." 

"The meeting in New York is the first of its kind in the world," Jabbar said, noting that the governor of the Central Bank of Iraq is the first bank governor to attend such meetings. 

He added that "during the meeting was to hear a detailed explanation on the experience of this bank in the fight against money laundering and terrorism financing," pointing out that 'Council members commended the work of the bank and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq'.

[NEPatriotsFan1]

Thank you Yota, these all look to be this great pieces of our puzzle! Big News days last couple of days.... appreciate waking up to these articles you've brought

[Boozer]

OK UN put them in that BIG # 8 

[sandfly]

thanks yota

[funinsun]

Good morning Yota and DV - wow exciting news along with that of the Kurds.   Thanks for all your hard work.

[Texstorm]

Going International !

[Donziman]

Since we all know that previous people in power have looted the treasury

and taken money overseas if i were looking into their systems and security

i would be asking    What are you doing to retrieve these huge amounts ?

[skeetdog]

Thanks Yota...This sounds like an overview of the previous meeting where the UN gave Iraq and 'A' for effort...but in summary stated Iraq needed to address money laundering and the terrorist issue with ISIS...The review states Iraq has done an exceptional job in both areas...But there are no discrepancies listed this time in the UN'S summary...Maybe the reason this visit was so historical is because something historical is about to occur...

[Boozer]

43 minutes ago, skeetdog said:

Thanks Yota...This sounds like an overview of the previous meeting where the UN gave Iraq and 'A' for effort...but in summary stated Iraq needed to address money laundering and the terrorist issue with ISIS...The review states Iraq has done an exceptional job in both areas...But there are no discrepancies listed this time in the UN'S summary...Maybe the reason this visit was so historical is because something historical is about to occur...

Lets hope it Not Iraq hit's a Historical # of Postponements and Holidays 

[Half Crazy Runner]

Isn't the UN Security Council responsible for lifting the sanctions including the restriction on the Iraqi currency and allowing it to be released internationally?

[ChuckFinley]

6 hours ago, chinadawg said:

sounds like the CBI is seeking WORLD APPROVAL to move forward with monetary reforms that hopefully will result in what we are all looking for.

Good point Chinadawg, good point.  

[ChuckFinley]

2 hours ago, skeetdog said:

Thanks Yota...This sounds like an overview of the previous meeting where the UN gave Iraq and 'A' for effort...but in summary stated Iraq needed to address money laundering and the terrorist issue with ISIS...The review states Iraq has done an exceptional job in both areas...But there are no discrepancies listed this time in the UN'S summary...Maybe the reason this visit was so historical is because something historical is about to occur...

Skeetdog,do not tease me like that.  

[yota691]

Nusseiri: The UN Security Council praises the actions of the Central Bank in supporting and implementing the program of economic and financial reform

 

Economy News _ Baghdad   The economic and banking adviser Samir al-Nusairi on Thursday praised the results of the hosting of the Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq by the UN Security Council in a special session to present the policies and procedures of the Central Bank in supporting and implementing the economic and financial reform program and the support requirements provided by the Central Bank to the national economy during the crisis. Economic, financial and war on terror.   Al-Nusairi said in an interview with Al-Iktissad News that "the presence of the Governor Ali Al-Alaq to the UN Security Council is a unique and historic case and constitutes a bright spot and an honorable success experience in a country that is going through harsh conditions such as Iraq where the bank provided support to the state treasury of about 21 trillion dinars, Great in strengthening the economic resilience of Iraq in the face of its economic and financial crisis and contributed to the victory over terrorism. "   Al-Nusairi stressed "the efforts and wise measures and monetary policies of the Central Bank in the difficult economic stage of Iraq, where the great efforts made since 2004 to the present time in reducing inflation and control of a balanced price of the exchange rate of the Iraqi dinar and maintain a reasonable standard rate of foreign currency reserves up to 48 Despite the stifling crisis in Iraq due to the fall in oil prices and the costs of the war on terrorism, the Central Bank has managed, through calculated and bold economic and financial measures, to provide two years of continuous support to the Iraqi economy and made a significant contribution In the insurance of salaries of employees and retirees and the payment of dues of contractors and farmers in addition to his initiative to revitalize the economic cycle and allocation of six trillion trillion dinars to finance and operate small and medium enterprises in the sectors of housing, agriculture and industry and support banks and achieve economic and social goals.   He pointed out that "the bank took several other important measures to re-calculate the legal reserve of banks in order to provide liquidity to banks and activate the establishment of the deposit guarantee company for the purpose of restoring confidence in the banking sector and increase the savings rate of the mass of cash at the banks at the expense of the proportion of compactness, and most importantly in all the transition mechanisms and work procedures A method of the twentieth century to the twenty-first century through the structural, technical, supervisory and supervisory development of the adoption of international standard standards with a focus on the implementation of the rules of compliance and combating money laundering and terrorism financing and re-evaluation and maintenance The banks accordingly helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up. "   Views 76   Date Added 10/19/2017

[DinarThug]

CNN. Broadcasting The Central Bank’s Plans !

 

 

 

(by samson)

http://economy-news.net/conten.....hp?id=9469

The objectives and indications of hosting the Security Council for the Governor of the Central Bank of Iraq

 

19th October, 2017

 

The hosting of the UN Security Council by the Governor of the Central Bank of Iraq, Professor Ali Mohsen Al-Alak, can be described in a special session as an important and unprecedented step in the history of the international organization 

According to Article 23 of the United Nations Charter, the history of the UN Security Council has not been recorded as a similar event since it was established in 1946, as an institution concerned with international peace and security. 

The move has helped inform the members of the Security Council on the plans and contributions of the Central Bank in the areas of combating money laundering and financing of terrorism and preserving the value of the national currency, despite the difficult and extraordinary conditions that Iraq has been developing over the past years. 

The importance of hosting the 15 members of the Security Council, including the permanent five of the Governor of the Central Bank in a special session, lies in the future effects on the level of confidence in investors and correspondent banks with the strength of the Iraqi economy in general and banking in particular, 

The governor's explanation played a major role in drawing a clear picture of the role of the central bank in maintaining the value of the Iraqi dinar against foreign currencies and maintaining a reserve of hard currency, which is estimated at 48 billion dollars, a figure that is universally accepted, as well as the role of the central bank in the face of the financial crisis that passed Is still being drained by Iraq because of the decline in oil prices , which account for more than 90 percent of Iraq's budget, as well as the major economic and financial challenges and burdens of the war on terrorism and the reconstruction of damaged and destroyed Iraqi cities. 

The governor has succeeded in explaining the situation in Iraq economically and financially, present and future in front of the largest and most important and most dangerous international forum, draw in front of its members and a realistic picture without exaggeration Auzzoiq, and still ambiguity and confusion that might be a young Iraqi scene, as brought to the world through the Security Council a positive message incapable of delivering them a lot of specialists in political affairs, and succeeded conservative clear success in the review of the central bank 's plans " the biggest monetary institution in Iraq" in the areas of support for small and medium - sized enterprises and adopt Almaiaratah in the fight against money laundering and the financing of terrorism, strengthen Doralmassarv cash and Toviralciolh, and insisted On Aledjarvi government and private banks, and strict controls are binding on all banks as a basis to assess and cope with the stifling financial crisis faced by Iraq. 

The hosting of the Security Council by the Governor of the Central Bank is a first step which should be followed by steps in bridging the gaps and building bridges with the global financial and economic decision-making bodies, including the UN Economic and Social Council, which will coordinate, prepare studies, draw conclusions and make recommendations on economic and social issues. Mission in all countries of the world. 

It is necessary to note here that the hosting of the governor by the UN Security Council came days before the visit of a large Iraqi banking delegation to Washington for important talks with senior officials of US and international banks, with the aim of restoring confidence in Iraqi banks and the end of the embargo imposed by some correspondent banks, 

The visit of the delegation aims to restore investor confidence in the Iraqi economy in general and banking in particular and bridge the relationship with the banks and international money houses and create a state of the treasury has a bitterness financial situation in Iraq present and future, 

According to reports from Washington that the delegation, which was the Association of Private Banks Durkbervi formation, has achieved remarkable successes in establishing links of broad cooperation between Iraqi banks and their American counterparts.

President of the Association of Iraqi Private Bank

Edited October 19, 2017 by DinarThug

[yota691]

2017/10/19 (00:01 PM)   - The   number of readings: 240   -  Number (4045)

 

 

money and business

 

The 
relationship between foreign correspondent banks and Iraqi banks has significant benefits on the banking sector Al-Alaq said in an interview with the Iraqi satellite channel in Washington, , Said that "the measures taken by the Central Bank in the fight against money laundering and the financing of terrorism, which included a number of companies and was suspended from work and referral to the judiciary is an important step and comply with the decisions of the Security Council" He added that "strengthening the relationship between foreign correspondent banks and Iraqi banks "He called on foreign banks to" rely on the measures adopted by the Central Bank in the development of the banking sector such as compliance and anti-money laundering, which is Faisal in accepting cooperation with Iraqi banks. "

 

Central Bank withdraws the license of a company to buy and sell currencies for violating instructions 
The Central Bank of Iraq announced on Wednesday the withdrawal of a license to mediate a company to sell and buy foreign currencies for violating the instructions. 
The bank said in a statement received by "Economy News" a copy of it, "In view of the violation of the company to mediate the sale and purchase of foreign currency provisions of the instructions regulating the work of brokerage companies decided to withdraw the company's founding leave and withdraw the letter of guarantee issued for the benefit of this bank." The bank called on the Ministry of Commerce to "cancel the certificate of incorporation granted to it by the company, as well as write off the name of the company from its records and provide the Central Bank with the letter of liquidation certified."

[DinarThug]

2017-10-19 

The Governor of the Central Bank is discussing "important" files with the UN Security Council in New York

 

{size=5]The Iraqi Central Bank announced that the governor Ali Mohsen Ismail met with members of the Security Council in New York, pointing out that he discussed important files with members of the Council.

"The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met and discussed important files with the members of the UN Security Council at the UN building at the invitation of the Council," the director of the bank's press office, Acer Jabbar, said in a statement.

Jabbar said that "the meeting held in New York is the first of its kind in the world," noting that "the governor of the Central Bank of Iraq is the first bank governor to attend such meetings."

He added that "the meeting was attended by a detailed explanation of the experience of this bank in combating money laundering and terrorism financing," pointing out that "the members of the Council commended the work of the bank and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq."

The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.[/size]

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