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      Iraq emerges from Chapter VII of the United Nations   12/09/2017

        Rmc10 Senior Member All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 1958 (2017) REPORT from UN Security Council Published on 08 Dec 2017 —View Original SC/13109 SECURITY COUNCIL
      8126TH MEETING (AM) The Security Council concluded today that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented. Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the escrow accounts established pursuant to resolution 1958 (2010) had been transferred to the Government of Iraq pursuant to resolution 2335 (2016). The Council acknowledged the Secretary-General’s final report on the matter (document S/2017/820), which stated, among other things, that the remaining $14,283,565 in the administrative escrow account had been transferred to Iraq. Following the adoption, Amy Noel Tachco (United States) applauded Iraq’s complete implementation of measures under the oil-for-food programme, although the country still faced many challenges. She looked forward to close cooperation internationally and bilaterally in support of Iraq as a federal, democratic and prosperous country. The meeting started at 9:45 a.m. and ended at 9:48 a.m. Resolution The full text of resolution 2390 (2017) reads as follows: “The Security Council, “Recalling its resolutions 1958 (2010) and 2335 (2016), “Acknowledging receipt of the final report of the Secretary-General pursuant to paragraph 4 of Security Council resolution 2335 (2016), S/2017/820, “1. Welcomes the implementing arrangements entered into by the Secretary-General and the Government of Iraq as requested in paragraph 7 of Security Council resolution 1958 (2010); “2. Also welcomes that the remaining funds in the escrow accounts established pursuant to paragraphs 3–5 of Security Council resolution 1958 (2010) have been transferred to the Government of Iraq pursuant to Security Council resolution 2335 (2016); “3. Concludes that all the measures imposed by the Security Council in resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations have been fully implemented by the parties.” For information media. Not an official record.     DV LINK
yota691

CBI News 10/23/2017

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 October 23, 2017
The Central Bank participates in the Baghdad International Fair

 

The Central Bank participates in the Baghdad International Fair

The Central Bank of Iraq participated in the Division of Banking Awareness and Public Protection, one of the formations of the Banking and Credit Control Department of the Bank.

The participation was characterized by the interaction of the audience through the visit of the pavilion to know the nature of the work of Iraqi banks and how to obtain information related to loans for small, medium and large projects.

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Good morning, all thing are pointing in the right direction for the RV.

not long now guys.

go international

go rv 

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From Saturday....

 
3169.jpg
 
 

Banks

 

 

Economy News _ Baghdad

 "The broad participation of the Association of Iraqi private banks and government and private banks in the 44th session of the Baghdad International Fair strengthens confidence in the Iraqi banking sector and documents the economic and banking relations with foreign countries and Arab countries, especially Gulf countries, and thus will contribute," said Samir Nusairi, economic and banking adviser to the Association of Iraqi Private Banks. The relations in the joint cooperation and the establishment of correspondent banks is solid, which takes part in this session 18 countries and 400 government companies, especially in all disciplines and fields.

Al-Nusairi said in an interview with "Economy News" in his assessment of this participation, that "the Iraqi banking sector and in particular the failure of some banks to falter their activities because of the economic and financial crisis experienced by the country for the subjective and subjective reasons known to all and which was able and with the intervention and support system" rel="">support of the Central Bank of Iraq and cooperation And understanding and study and realistic analysis by the Association of Iraqi private banks, in the rehabilitation and re-wheel activities to serve the public quickly and to enhance confidence in the Iraqi banking sector, government and private.The large and effective participation of banks in the activities of the Baghdad International Fair comes in a distinguished presence of the Association and the authorized managers and their attempts to promote the banking services and products provided by the banks at present and in particular to provide financing loans to finance small and medium projects within the initiative of the Central Bank to allocate six trillion dinars to revitalize the economic cycle and reduce the unemployment rate For graduates as well as motivate the public to go to savings at banks and reduce the stagnation in homes and in places not safe.

He pointed out that "the public visit to the pavilions of participating banks and to view the plans of the banks and their procedures and services will contribute greatly to restoring confidence in them as solid national financial institutions and their deposits will be guaranteed under the law, especially when the deposit insurance company was issued and the decision of the Council of Ministers was issued. Legal, administrative and technical for the purpose of carrying out its duties. "  

Al-Nusairi stressed that "this promising banking participation will contribute to the level of Arab and foreign banking relations by enhancing confidence in the Iraqi banking sector and inter-bank cooperation between Iraqi banks and correspondent banks." 

He called on the concerned government authorities, the Central Bank and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers on the support system" rel="">support of private banks and provide loans to them and create a balance between the size of deposits in government banks and the volume of deposits in private banks, which currently constitute 14 percent of total deposits As well as the ministries and agencies concerned with the settlement of salaries to employees at banks with the aim of increasing the ability of banks to grant credit in all kinds of monetary addition to involve the leaders and experts of the sector in the economic decision-making economic relations with the Egyptian sector In their participation in official delegations and joint committees for economic cooperation with the countries of the world because without a sound banking sector can not build a sound national economy.

 

Views 89   Date Added 21/10/2017

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October 23, 2017
The CBI directs banks to apply the user protection network

 

The CBI directs banks to apply the user protection network

The Central Bank of Iraq directed all Iraqi banks to adopt the standards of the user protection network approved by SWIFT International before the end of 2017.

The Central Bank said the claim came as part of the commitment of the Iraqi banking sector to apply international standards in the field of remittances.

The standards of the 16-user protection network can be summed up by the need to restrict access to the Internet, separate sensitive systems from the overall IT environment, and mitigate cyber attacks and vulnerabilities.

Other security measures include security intuition to protect against access to Internet sites, storage and prevention of safe password detection, management of bank identification numbers, separation of privileges, detection of suspicious activities within the system, registration of operations and plans to respond to various situations (errors and incidents) and information sharing.

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Thanks Yota  I AM A BIG FAN OF YOURS.

YOU KEEP US UP TO DATE WITH EVERY THING THAT IS IMPORTANT FOR OUR INVESTNENT.

BELEIVE, RESPECT, AND PEACE TO US ALL. 

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Release date: 2017/10/23 13:39 • 11 times read
The central bank directs banks to implement the user protection network
{Baghdad: Al-Furt News} The Central Bank of Iraq directed all Iraqi banks to adopt the standards of the user protection network and approved by the company Swift International before the end of 2017.
"The Central Bank's demand came as part of the commitment of the Iraqi banking sector to apply international standards in the field of remittances," the director of the Information Office of the Central Bank of Iraq, Acer Jabbar, said in a press statement. 
"The sixteen user protection standards can be summed up by the need to restrict access to the Internet, to separate sensitive systems from the general IT environment, and to mitigate cyber attacks and vulnerabilities," he said. 
"Among other criteria is the security intuition to protect against access to Internet sites and storage, prevent the detection of safe passwords, manage bank identification numbers, separate privileges, detect suspicious activities within the system, record the number of operations, plan for response to different situations, ".is over
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8 minutes ago, heeper00 said:

I AM A BIG FAN OF YOURS.:)

Thanks heeper00 appreciate those kind words and GM EVERYBODY

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 October 23, 2017
Advertising Auction Results

 

The Ministry of Finance approved on 18/10/2017 a public auction for the auction of Y36 for the sale of remittances of the treasury for the period (364) days and the amount of (400) billion dinars (200 billion dinars only) has been sold the amount of the full and the highest price of competitive auctions (4% ) And the average yield (3.35%). The number of participants was (5) and the banks won (4) bids.

file-150875582163248.jpg

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Thanks Yota...There seems to be an awful lot of movement going on behind closed doors...This World Fair hosted by Iraq and supported by the Arabic League and world leader seems to be a prelude to building confidence in the CBI...What better advertisement, to where to place your dinars, once the dinar is given value and accepted internationally...than in an international supported, Arabic back, global secured banking system...Give the dinar its true worth, where the '000' note want be feasible on the streets...and the LD notes will have to be activated and the the liquidity problem is solved....

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42 minutes ago, Floridian said:

To me, this means Swift user protection network by the end of 2017 ,

 RV January 1, 2018. 

Agree with you Floridian.... The latest news are pointing in that direction.

 

Go CBI 

Go new monetary policy 

Go increase exchange rate

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yes, Yota...please feel the love!  Daily hugs and kisses and well wishes to you for your tireless sharing of knowledge.  We bow to you Master Yota and thank you!

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1 hour ago, Floridian said:

To me, this means Swift user protection network by the end of 2017 ,

 RV January 1, 2018. 

 

You certainly have more positive insight than I do...Jan, 2018 RV?

I hope you are correct.

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1 hour ago, Floridian said:

To me, this means Swift user protection network by the end of 2017 ,

 RV January 1, 2018. 

 

That's how I see it and definitely hope for it.  This is HUGE!! :praying:

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Thinking strategically, I hope their strategy is to spring the new value before Jan 1, to avoid a big jump in dinar speculators in late December.

 

A little wishful, strategic thinking :crossedfingers:never hurt nobody.

 

 

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10 hours ago, heeper00 said:

Good morning, all thing are pointing in the right direction for the RV.

not long now guys.

go international

go rv 

Would make one heck of a Christmas gift.  

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3 hours ago, Justin L said:

I think I’m the only one with hope of the RV happening before 2018. 🤔🙏🏻

I started the year off and I am still hoping for 2017, but the boxes that need to be checked for an RV have yet to be accomplished. But this being Iraq it could be done quickly if there is something in it for them or could be pushed into the "Coming Days" group.  

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4 hours ago, Justin L said:

I think I’m the only one with hope of the RV happening before 2018. 🤔🙏🏻

Justin L.  I am remaining optimistic that the RV/ RI will occur in 2017 IMHO.   Full court press with PM Abadi right now.   Keeping The Faith!!

 

GO RV / RI

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I'm with Justin L and Tigergorzow :) Seen more action in the last couple weeks than years...... Abadi wants re elected.... what better way to ensure victory than to give the people their purchasing power back and a boom to the economy rebuilding and revitalizing the region!   

 

🤞🏻🤞🏻

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3 minutes ago, NEPatriotsFan1 said:

I'm with Justin L and Tigergorzow :) Seen more action in the last couple weeks than years...... Abadi wants re elected.... what better way to ensure victory than to give the people their purchasing power back and a boom to the economy rebuilding and revitalizing the region!   

 

🤞🏻🤞🏻

Precisely !!!! :goodnews:

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