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The Central Bank Conference


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The Central Bank will hold its third annual conference next month under the title of the role of the Central Bank of Iraq in achieving financial and economic stability.
A source at the Central Bank of Iraq, “The Central Bank will be held on the
ninth and tenth of December next year’s third annual conference under the auspices of the governor Ali Alalak,” adding that “the conference will discuss the sustainability of public debt and financial stability in Iraq and achieve the process of financial inclusion and the performance of banks and mechanisms to stimulate the sector Financial through monetary policy instruments and highlight the financial merit of the banking sector. ”
He pointed out that “the conference aims to strengthen the relationship between the tools of monetary policy and macroeconomic variables and strengthen the role of the financial sector.”
“The conference also seeks to create an interactive meeting between officials of monetary policy, academics and researchers to determine the mechanisms that monetary policy can adopt in achieving its objectives,” noting that “among the goals of the conference to achieve the strategy of the Central Bank.”

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  • yota691 changed the title to The third annual conference of the Central Bank of Iraq: The Central Bank resisted financial and security crises and proved the success of his strategies

The third annual conference of the Central Bank of Iraq: The Central Bank resisted financial and security crises and proved the success of his strategies Saturday 09 December 2017 | 11:32  The spokesman of the Central Bank of Iraq, Issar Jabbar, pointed out that this conference, organized by the bank, discussed a lot of files in support of achieving financial stability in Iraq, especially with regard to the banking sector to be a real partner for the advancement of the economy and the researchers put a lot of papers supporting the banking sector, The head of the Association of Iraqi Private Banks, Wadih Al-Hantal, stressed that the conference's objective is to achieve sustainable financial and economic development coinciding with the victory over terrorism and the building of the economy with the end of the period of terrorism, which is the most important message to the public opinion. Iraqi and global Dr. Mahathar Mohammed Saleh, financial advisor to Prime Minister Haider al-Abadi, said that the conference represents a transition to monetary policy in Iraq and its new directions, which proved successful in the face of the economic recession and the financial crisis and the war against terrorism in the circumstances of financial crises and security and unstable, which saved Iraq and contributed to the provision of liquidity and resisted the financial and security crises due to the central tools used Allpennek deserves appreciation Chairman of the National business Council of Iraq , said Dawood Abdul Zayer , in turn , said the conference, which was organized at an international level saw a crowd Iraqi and Arab distinctive and much of the person Sayat interested in money and business.

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09-12-2017 12:16 PM
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BAGHDAD (Reuters) - Iraq will reduce its reliance on oil revenues to 15 percent of the budget after 30 years from now, the central bank governor said on Saturday, adding that reliance on one supplier of budget revenues would be subject to constant volatility. 

Al-Alak said in a speech during the third annual conference of the Bank under the slogan 'the role of the Central Bank in achieving financial and economic stability', and attended by Alsumaria News, 'there are real indicators for the achievement of alternatives other than oil will be relied upon'. 

"We will reduce dependence on oil revenues gradually and we will reduce this gap by 2.5% per year and for 30 years, so that the dependence on oil revenues by not more than 15% after 30 years.

He added that 'Iraq will witness the largest investment during the coming period, but that is coupled with the provision of the appropriate investment environment,' noting that 'reliance on one resource for budget revenues will be subject to constant fluctuations and this is what Iraq will seek to achieve by reducing reliance on oil as a single resource for the budget' . 

The Prime Minister Haider Abadi, said earlier, that Iraq is currently establishing to strengthen the economy and the lack of total dependence on oil, considering that the country is on the right track in this area.

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Saturday, 9 December

 

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Alsumaria News / Baghdad
announced the central bank governor Ali Keywords Saturday that Iraq will reduce dependence on oil revenues to 15% of the budget after 30 years from now, considering that reliance on a single supplier for the budget revenues will be exposed to continuous fluctuations. 

Al-Alak said in a speech during the third annual conference of the bank under the slogan "The role of the Central Bank in achieving financial and economic stability," and attended by Alsumaria News, "There are real indicators for the achievement of alternatives other than oil will be relied upon."

 

 


"We will reduce dependence on oil revenues gradually and we will reduce this gap by 2.5% annually and for 30 years, so that the dependence on oil revenues will not exceed 15% after 30 years." 

He added that "Iraq will witness the largest investment during the coming period, but that is coupled with the provision of the appropriate investment environment." He pointed out that "relying on one resource for budget revenues will be subject to constant fluctuations and this is what Iraq will seek to achieve by reducing reliance on oil as a single resource for the budget" . 

The Prime Minister Haider Abadi , said earlier, that Iraq is currently establishing to strengthen the economy and the lack of total dependence on oil, considering that the country is on the right track in this area.

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12:36
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BAGHDAD / Press tomorrow: 
The head of the Parliamentary Finance Committee, Mohammed Tamim, that the independence of the central bank is considered a quantum leap after bitter experiences have led to the collapse of the economy, pointing out that the central bank in front of a big responsibility now is to maintain financial stability and foreign reserves.
He added in his speech at the third annual conference of the Central Bank, which was held in Baghdad and attended by "Al-Ghad Press," that "the Finance Committee of the Parliament is entrusted with the role of the Central Bank in achieving financial stability and regulate the work of banks and the fight against money laundering and the elimination of inflation." 
Tamim pointed out that "the House of Representatives monitors the work of the Central Bank to ensure not to deviate from its objectives and continue its work in achieving financial stability and balance," explaining that "the Finance Committee will work to support fiscal policy through appropriate legislation."
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BAGHDAD / 
The central bank governor Ali al-Alak on Saturday called for the separation of powers and the application of electronic governance, while the country's adoption of one article is "incorrect". 
"The conference is held at historic moments in line with the victories against Daqash," Al-Alak said at the third annual conference of the central bank attended by Al-Ghad Press.
We have three important rules, the first of which is the national or institutional administration, which reflects the ability of the government to run the country through a rational government, and through a stable political vision that responds to the organizations on the basis of reconciliation, the rule of law, On them ". 
"And also the separation of powers, coordination between them, and the adoption of the principle of equal opportunities rather than distribution, and the removal of slack in the institutions of the state and the application of electronic governance." 
"The second point is that the economy should be a catalyst for the economic sectors based on difference and the decline in dependence on oil." 
He pointed out that "a manifestation of the strength of economic management, is the balanced growth of economic sectors," revealing that "Iraq will see the largest investment during the coming period, coupled with the provision of the appropriate environment."
He pointed out that "and the development of public strategies, and the dependence on the export of one material is incorrect, as it is fluctuating." 
"The third aspect is sustainability and debt management, and the Ministry of Finance has made important reforms in the Financial Management Act. It should help guide government discipline and reduce the gap between local administrations and local expenditures, which is 90 percent."
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Iraq will reduce reliance on oil revenues to 15 percent of the budget after 30 years from now in 2047, the central bank governor said on Saturday.
Al-Alak said in a speech during the third annual conference of the bank under the slogan “The role of the Central Bank in achieving financial and economic stability,” that “there are real indicators for the achievement of alternatives other than oil will be relied upon.”
“We will reduce dependence on oil revenues gradually and we will reduce this gap by 2.5% annually and for 30 years, so that the dependence on oil revenues by not more than 15% after 30 years.”
He pointed out that “the reliance on one resource for budget revenues will be subject to constant fluctuations and this is what Iraq will seek to achieve by reducing dependence on oil as a single resource for the budget.”

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13:19
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BAGHDAD / Press tomorrow: 
The head of the parliamentary economic committee, Ahmed Al- Kanani, that the relationship between the House of Representatives and the central bank has seen a remarkable development over the past years, noting that this development contributed to overcome the financial crisis that hit the country because of low oil prices.
"The high coordination between the Central Bank and the House of Representatives led to the enactment of the law against money laundering and amending the law of the Central Bank and the Islamic banking law," Kanani said in his speech at the third annual conference of the Central Bank of Iraq. 
He pointed out that "the convening of this conference in Baghdad is a success after it was held abroad and efforts to achieve financial stability."
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  • yota691 changed the title to The Governor of the Central Bank calls for the application of e-governance and separation of powers

Saturday 9 December 2017 11:20 am| Number of readings: 33

The Governor of the Central Bank calls for the application of e-governance and separation of powers

irq_212197772_1512807618.jpg&max_width=300

BAGHDAD / The governor of the Central Bank Ali al-Alaq on Saturday called for the separation of powers and the application of electronic governance, while the adoption of the country to become one article "incorrect".

 

"The conference is held at historic moments in line with the victories against Daqash," Al-Aalak said at the third annual conference of the central bank.

 

We have three important rules, the first of which is the national or institutional administration, which reflects the ability of the government to run the country through a rational government, and through a stable political vision that responds to the organizations on the basis of reconciliation, the rule of law, On them ".

 

"And also the separation of powers, coordination between them, and the adoption of the principle of equal opportunities rather than distribution, and the removal of slack in the institutions of the state and the application of electronic governance."

 

"The second point is that the economy should be a catalyst for the economic sectors based on difference and the decline in dependence on oil."

 

He pointed out that "a manifestation of the strength of economic management, is the balanced growth of economic sectors," revealing that "Iraq will see the largest investment during the coming period, coupled with the provision of the appropriate environment."

 

He pointed out that "and the development of public strategies, and the dependence on the export of one material is incorrect, as it is fluctuating."

 

"The third aspect is sustainability and debt management, and the Ministry of Finance has made important reforms in the Financial Management Act. It should help guide government discipline and reduce the gap between local administrations and local expenditures, which is 90 percent." Finished

 
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Infallible calls for a plan to modernize the infrastructure of the Iraqi banking system

Masoum calls for a plan to modernize the infrastructure of the Iraqi banking system

Twilight News    

 

 one hour ago

 

 

President of the Republic Fuad Masoum said that achieving sustainable financial, monetary and economic stability is not only an end in itself but also a basis for political stability and a major strategic project for sustainable development and civil development.

In a speech delivered on his behalf, Masoum said in front of the third annual conference of the Central Bank of Iraq, which began its work in Baghdad on Saturday under the slogan "the role of the Central Bank of Iraq in achieving financial and economic stability," the need for a strategic plan to modernize the infrastructure of the Iraqi banking system, Prospects for the future prosperity of the Iraqi economy.

The President of the Republic that Iraq has become the focus of the attention of many economic institutions and international companies to invest in or cooperate with him highlighted the importance of strengthening the leadership role of the Central Bank of Iraq in support of partnership with foreign banks approved and facilitate transactions with local and foreign monetary institutions.

 

Keywords: 

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Economy News Baghdad:

"The committee believes in the role played by the Central Bank in achieving financial stability, regulating the work of banks, combating money laundering and eliminating inflation," said the head of the parliamentary finance committee, Mohamed Tamim.

He added in his speech at the Third Annual Conference of the Central Bank, which was held in Baghdad and attended by "economy News", "The independence of the Central Bank is a qualitative leap after bitter experiences led to the collapse of the economy," noting that "the central bank has a great responsibility now is to maintain financial stability And foreign reserves.

He pointed out that "the House of Representatives monitors the work of the Central Bank to ensure that the deviation from its objectives and continue its work in achieving financial stability and balance," explaining that "the Finance Committee will work to support fiscal policy through appropriate legislation."

 

Views 389   Date Added 09/12/2017

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Economy News Baghdad:

 

The head of the parliamentary economic committee, Ahmed Kanani, said that "the relationship between the House of Representatives and the Central Bank has seen a remarkable development during the past years," noting that "this development contributed to overcoming the financial crisis that hit the country because of low oil prices."

 

"The high coordination between the Central Bank and the House of Representatives led to the enactment of the law against money laundering and amend the law of the Central Bank and the Islamic banking law." He said in his speech at the third annual conference of the Central Bank of Iraq and attended by "Economy News."

 

He pointed out that "the convening of this conference in Baghdad is a success after it was held abroad."

 

Views 218   Date Added 09/12/2017

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Al-Alaq announces Iraq's tendency to reduce dependence on oil revenues to 15% of the budget

Economie

 From 2017-12-09 at 14:48 (Baghdad time)

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Al-Alaq announces Iraq's tendency to reduce dependence on oil revenues to 15% of the budget

Baghdad Mawazine News

The governor of the Central Bank Ali al-Alak, to reduce Iraq rely on oil revenues to 15% of the budget after 30 years from now in 2047.

Al-Alak said in a speech during the third annual conference of the bank under the slogan "The role of the Central Bank in achieving financial and economic stability" on Saturday that "there are real indicators for the achievement of alternatives other than oil will be relied upon."

"We will reduce dependence on oil revenues gradually and we will reduce this gap by 2.5% annually and for 30 years, so that the dependence on oil revenues by not more than 15% after 30 years."

He explained that "Iraq will witness the largest investment during the coming period, but that is coupled with the provision of the appropriate investment environment." He pointed out that "to rely on one supplier of budget revenues will be subject to constant fluctuations and this is what Iraq will seek to achieve by reducing dependence on oil as a single resource for the budget."

The third annual conference of the Central Bank of Iraq was launched in the capital Baghdad with a large Arab and international presence.

"The Central Bank of Iraq held this morning its third annual conference in Baghdad under the slogan (towards achieving sustainable financial and economic stability)."

The source added that "the conference witnessed a large Arab and international presence, including Kuwait, Lebanon, Egypt, Jordan and Tunisia as well as representatives of the Bank and the International Monetary Fund."

 

http://www.mawazin.net/العلاق-يعلن-توجه-العراق-لتقليل-الاعتماد-على-الإيرادات-النفطية-الى-15-من-الموازنة/اقتصادية

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infallible economy calls for a plan to modernize the infrastructure of the Iraqi banking system

Masoum calls for a plan to modernize the infrastructure of the Iraqi banking system
 
 Twilight News    
 
 3 hours ago
 

 

President of the Republic Fuad Masoum said that achieving sustainable financial, monetary and economic stability is not only an end in itself but also a basis for political stability and a major strategic project for sustainable development and civil development.

In a speech delivered on his behalf, Masoum said in front of the third annual conference of the Central Bank of Iraq, which began its work in Baghdad on Saturday under the slogan "the role of the Central Bank of Iraq in achieving financial and economic stability," the need for a strategic plan to modernize the infrastructure of the Iraqi banking system, Prospects for the future prosperity of the Iraqi economy.

The President of the Republic that Iraq has become the focus of the attention of many economic institutions and international companies to invest in or cooperate with him highlighted the importance of strengthening the leadership role of the Central Bank of Iraq in support of partnership with foreign banks approved and facilitate transactions with local and foreign monetary institutions.

 
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Central Bank: Everyone in front of the responsibilities of construction and reconstruction

 
 

 
 

10/12/2017 12:00 am 
 
At his third annual conference in Baghdad 
Baghdad / morning work team 
The Central Bank of Iraq held its third annual conference in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" with a view to putting the Iraqi banking system on the path of prosperity and development. 
2017. 
The speech of the President of the Republic was read on the occasion and focused on strengthening the financial sector and monetary policy, and the prospects for prosperity and development are strong, especially after the victory over the terrorist "calling", under the direction of development and building the future of the Iraqi economy and social. 
The role of the central bank and its efficiency and the importance of its relations to promote economic interests in conjunction with the international desire for this, and the role of partnership with international institutions and address the problems and obstacles in front of it, and adopted a strategy of cooperation contribute to economic development. 


Achieve evolution 
Governor of the Central Bank d. Ali Alaq said: "The conference is a moment that places everyone in front of the responsibilities of construction and reconstruction and the creation of a sound economy, and the need to aspire to a national administration that reflects the government's ability to manage the country efficiently through the ability to form a rational institution to achieve sustainable development and the rule of law and achieve public stability. Peace and development, and the adoption of the principle of equal opportunity rather than opportunities and governance 
For electronic ". 


Wealth Management 
The second pillar of the national administration requires macroeconomic management in light of the trend that drives the real sectors and is based on this by activating the role of the private sector. The last pillar is the financial policy which is the engine to manage wealth and face financial risks. At a time when the Ministry of Finance has achieved important measures in financial reform In front of other reforms, the most important of which is to reduce the gap between local revenues and domestic expenditures. "He proposed reducing the gap by 2.5 percent annually and over 30 years the gap would be 15 percent as well as activating economic sectors and reducing dependence on financial resources 
One". 
Al-Alaq reviewed a number of achievements that accompanied his work during the last three years and focused the central bank's strategy on capacity building and allocations for the purpose of developing specialized banks and private banks and maintaining a globally acceptable cash reserve. 


Development options 
The Minister of Labor and Economic Affairs said in his speech: "We look forward to the recommendations of the conference that move the reality of the economy and society in our goals to build a state of social justice. We also look forward to opening new development options and enhancing financial and monetary policies and maximizing the capacity of investment supporting the market. the work". 
"The industrial sector is a demand and a main objective of our work, opening up the private sector to build industrial infrastructure and reduce imports, 
the local". 


Country precautions 
Chairman of the Finance Committee Mohamed Tamim noted that "under the development trends, we recognize the important role of the Central Bank in monetary policy and regulate the work of banks and all functions, and formed the independence of the central step important to achieve the objectives of monetary policy to ensure not to deviate from its objectives and maintain the country's reserves." 
He stressed "the importance of working to diversify domestic production through the issuance of legislation that will diversify the economy and give a greater role to the banking sector to contribute to development." 
Chairman of the Committee on Economy and Investment Representative Ahmed Kanani, said that "the conference bears great significance as we live victories and prepare for building and growth and look forward to a greater role of monetary policy." 
He pointed out that "the presence of experts at the conference is important for the exchange of experiences and what counts for the center that the conference was organized in Baghdad after it was organized outside the country." 
  
Achieve development 
"The conference comes at an ideal time after Iraq clears the dust of terrorism and it is looking forward to the stage of real construction and reconstruction, which requires a banking sector to be the center of success in achieving development. The conference came to be the banking system in one place discussing the requirements The need for future and view the march of the Central and the systems adopted and the extent of service provided to the public, and see the future plans of the Center, which represents the sponsor and father of the banking system. 
He pointed out that "the subject of financial inclusion, which I have advocated for years since the morning newspaper; today takes a large part of the attention of the conference and this is a success of the banking system, where services reach all citizens. 


Check the utility 
Director-General of the South Islamic Bank d. Ahmed Zaki Younis Bin that "the conference under the great victories achieved by our army and our holy mobilization on the forces of darkness and the end of their existence can be described as important, because we are in front of a new stage of construction and reconstruction," pointing out that "the presence of this large number of experts money and economy leads to the establishment of sound rules For the national economy and starting from axes and fixed rules that benefit the national economy. " 


A valuable opportunity 
The Executive Director of the Association of Iraqi Banks Ali Tariq pointed out that "developments in the private banking sector comes through the identification of weaknesses and work to address them, and the conference represents a valuable opportunity to discuss the mechanisms of modernizing the banking system and make it rise to the world in providing sophisticated products that tune And the volume of future work in Iraq. " 
He pointed out that "the Association of Banks closely follows the banking process and has full plans to promote it through integrated training programs to create human capabilities with international efficiency, and more than 2000 employees have been trained during the current year from the public and private sectors, Has a new shape during the coming period and is able to activate economic activities and support the productive sectors 
And service. " 


Monetary policy 
Director General of Payments, Dr. Abdul Karim Bent said: "The Central Bank of Iraq seeks in its work to be a role model for the rest of government institutions through its outstanding performance to contribute to the achievement of sustainable economic development and prosperity for citizens through its mission based on (modern administrative practices, Prudential, financial sector governance, adopting an efficient monetary policy) and building on the institutional values of loyalty, creativity and innovation, teamwork, integrity, transparency, fairness and equality. " 


Electronic collection 
"Through this vision, the strategic plan for the next five years has been launched. Despite the keen interest of the Bank's management in adopting and launching projects and initiatives at the specified time, the Central Bank has sought to have a reflection of this plan in the financial and banking sector, which is reflected in the development of services, And the strengthening of financial coverage in Iraq, because of its direct link to fight corruption and speed in the completion of transactions and the development of the work of ministries and institutions all the transition to payment and electronic collection will ensure the transition to electronic government and facilitate procedures. 


Efficient system 
"The interest in the payment system has been a key factor in monetary policy and effective management of leading the shift to electronic payments and access to a society that helps control the provisions of the supervision and control tools through the establishment of an efficient and effective system based on international standards in this area and a legal framework ensures Equality, transparency and justice for all participants and users of the systems through the organization and supervision of the work of electronic payment services companies and building effective partnerships with the private sector to serve the higher interest of economic development and infrastructure development of the system 
Financial. " 


Cash Management 
Stressed that the availability of payment systems in Iraq, the main benefits to banks and projects and people in Iraq, the most important information on the management of cash and maintain the confidentiality of information and reduce the risk of paperwork and transactions of high value and transactions of low value are processed quickly and safely and transparently, as well as linking all banks And the Ministry of Finance directly at the Central Bank of Iraq and reduce dependence on cash and improve the investment environment in 
Iraq.
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remember this for IMF move to Article VIII, IMF was there

 

22 hours ago, Butifldrm said:

The source added that "the conference witnessed a large Arab and international presence, including Kuwait, Lebanon, Egypt, Jordan and Tunisia as well as representatives of the Bank and the International Monetary Fund."

 

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  • yota691 changed the title to Conference of financial victory
 
4188.jpg
Samir Nusairi
  
 

Samir Nusairi

 

The third annual conference of the Central Bank of Iraq was held in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" and with the distinguished presence of Governors, Ambassadors, representatives of the Union of Arab Banks, Arab experts and officials from the Secretariat of the Council of Ministers. The conference discussed four specialized and specialized sessions, focusing on the role of the Central Bank in achieving financial and economic stability through the real sector and monetary policy in Iraq and facing the double shock of security and economy. To formulate structural and structural policies and procedures to achieve the strategic objectives of the Central Bank (2016-2020) in achieving financial coverage and developing means and means of investment in human capital and access to financial merit of Iraqi banks.

That characterized this conference on all previous economic and financial conferences that it is taking place in an important transitional stage going through Iraq after the achievement of decisive victory and final on terrorism Daheshi At the same time began the features of the initial financial victory achieved by the Central Bank at the level of building regulatory and structural frameworks of financial and economic stability Iraq and the transition policies and procedures for the applications of monetary policy from the twentieth century to the twenty-first century and the transition from the classification of the gray area to the follow-up area and the road is open to move to the advanced area Other next year. The conference also highlighted the frankness, transparency and disclosure provided by the Central Bank to international financial organizations and Arab experts. The policy of the Central Bank at all levels is the only solution to respond to criticisms and observations and is viewed in a spirit of national concern to serve our national economy. Is the communication and interaction between experts in economics and finance and professors of universities and specialists and the economic media from the ready and between the departments of the central bank quality and competent partnership to achieve the central goal, which concerns us all and Hwan All efforts shall be coordinated by a government, private sector, experts, and a competent, neutral and national economic media to achieve (the economy in the service of society).

 

 

Views 64   Date Added 12/10/2017

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Zaid Al - Halli

 

 

The step of the Central Bank of Iraq .. Who will follow it?

 

Zaid Al - Halli

 

 

 

The Central Bank of Iraq presented its financial and economic visions and achievements, supported by figures in front of a group of experts and specialists in economic affairs at an expanded conference which was opened by the Babylon Hotel yesterday, the annual conference. Third, and recorded a joyful impression, in front of the volume of tasks accomplished by the Central Bank and its various cadres in a circumstance is the most difficult in the history of Iraq .. Was a conference frankly and unmistakably distinguished.

 

 

 

The conference discussed the role of the Central Bank of Iraq in achieving financial and economic stability, among the pillars of the sustainability of public debt and financial stability in Iraq and financial coverage and banking performance, as well as the financial merit of the banking sector in Iraq and mechanisms to stimulate the real sector through macroeconomic policies in Iraq .. Several goals, The Bank seeks to achieve this through the discussions of the conference, including strengthening the relationship between the tools of monetary policy and macroeconomic variables and strengthening the role of the financial sector as a channel of transmission of the effects of monetary policy, and create an interactive meeting between officials of monetary policy, academics and In order to determine the mechanisms that monetary policy can adopt in the application of its objectives and benefit from research expertise and its interrelationship with the practical aspect to achieve the strategic objectives of the Central Bank of Iraq. As one sees, these goals are considered a summit in the economic and financial understanding of a country facing many challenges trying to compromise its economies and resources ..

 

And through the transparency that accompanied the work of the conference on its first day, I wished this event to be a context for the ministries and other bodies. It is important that the efforts of everyone from all social activities, opinion leaders and concerned institutions, and opinion leaders from specialists, In accordance with the principles and foundations of solid, the convergence of visions, and to make observations, and discuss the reality of living with an objective vision, is the key to building the nation, as well as the discussion by the competent authorities, leads to a space of hope in progress, in various directions, and remains the experience of the Central Bank of Iraq in the convening of a general conference, Estimate, for it Affirms a noble and pure human relationship, constructive and rich in feelings between the specialists and the citizens .. The central bank is the safety valve for the family and society.

 

The Bank, through its well-known functions, has realized that working with the soundness of the needy is a necessary necessity, but it also senses the importance of comprehensive openness, views, taking advantage of them into account, working within the team's mindset and innovation without being arrogant. Of critical creative thinking leads to more solid successes. The biggest challenge for Iraq now, as the central bank sees, after the elimination of gangs, is the ability to establish a new economic and financial concept of civilization, rephrasing previous concepts.

 

The future sought by the conference needs renewed energies and great efforts, and most importantly, changes in the mindset and concepts, especially with regard to the concept of responsibility and public work. Money and economy are not incompatible.

 

Will the rest of the ministries and departments seek to lay out their perceptions and programs in front of specialists and the public of citizens and the media, as did the Central Bank of Iraq, which is the most dangerous institution in the state?

 

 

 

Views 61   Date Added 10/12/2017

 
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Central Bank: Stop the process of debt accumulation during 2017

SECTION: ECONOMICDECEMBER 10, 2017 | 3:09 PM
Central Bank: Stop the process of debt accumulation during 2017
Central Bank: Stop the process of debt accumulation during 2017
 

 The head of the financial operations and debt management of the Central Bank Mahmoud Dagher, on Sunday, to stop the process of debt accumulation during 2017.

"The year 2015 was the year to stop the collapse of fiscal policy, and in 2016 is to find the means to resist it," Dagher said at a seminar in which local media participated. "2017 is the year to stop the process of debt accumulation."

He added that "the two billion received by the Ministry of Finance from the issuance of international bonds were only to prove the ability of Iraq to deal with the international financial community more than the need of Iraq in the sense that the account of the Ministry of Finance dollars contain a balance much higher." End of 21 / m

 

http://www.albaghdadiyanews.com/?p=84428

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Central Bank: Everyone in front of the responsibilities of construction and reconstruction

 
 

 
 

10/12/2017 12:00 am 
 
At his third annual conference in Baghdad 
Baghdad / morning work team 
The Central Bank of Iraq held its third annual conference in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" with a view to putting the Iraqi banking system on the path of prosperity and development. 
2017. 
The speech of the President of the Republic was read on the occasion and focused on strengthening the financial sector and monetary policy, and the prospects for prosperity and development are strong, especially after the victory over the terrorist "calling", under the direction of development and building the future of the Iraqi economy and social. 
The role of the central bank and its efficiency and the importance of its relations to promote economic interests in conjunction with the international desire for this, and the role of partnership with international institutions and address the problems and obstacles in front of it, and adopted a strategy of cooperation contribute to economic development. 


Achieve evolution 
Governor of the Central Bank d. Ali Alaq said: "The conference is a moment that places everyone in front of the responsibilities of construction and reconstruction and the creation of a sound economy, and the need to aspire to a national administration that reflects the government's ability to manage the country efficiently through the ability to form a rational institution to achieve sustainable development and the rule of law and achieve public stability. Peace and development, and the adoption of the principle of equal opportunity rather than opportunities and governance 
For electronic ". 


Wealth Management 
The second pillar of the national administration requires macroeconomic management in light of the trend that drives the real sectors and is based on this by activating the role of the private sector. The last pillar is the financial policy which is the engine to manage wealth and face financial risks. At a time when the Ministry of Finance has achieved important measures in financial reform In front of other reforms, the most important of which is to reduce the gap between local revenues and domestic expenditures. "He proposed reducing the gap by 2.5 percent annually and over 30 years the gap would be 15 percent as well as activating economic sectors and reducing dependence on financial resources 
One". 
Al-Alaq reviewed a number of achievements that accompanied his work during the last three years and focused the central bank's strategy on capacity building and allocations for the purpose of developing specialized banks and private banks and maintaining a globally acceptable cash reserve. 


Development options 
The Minister of Labor and Economic Affairs said in his speech: "We look forward to the recommendations of the conference that move the reality of the economy and society in our goals to build a state of social justice. We also look forward to opening new development options and enhancing financial and monetary policies and maximizing the capacity of investment supporting the market. the work". 
"The industrial sector is a demand and a main objective of our work, opening up the private sector to build industrial infrastructure and reduce imports, 
the local". 


Country precautions 
Chairman of the Finance Committee Mohamed Tamim noted that "under the development trends, we recognize the important role of the Central Bank in monetary policy and regulate the work of banks and all functions, and formed the independence of the central step important to achieve the objectives of monetary policy to ensure not to deviate from its objectives and maintain the country's reserves." 
He stressed "the importance of working to diversify domestic production through the issuance of legislation that will diversify the economy and give a greater role to the banking sector to contribute to development." 
Chairman of the Committee on Economy and Investment Representative Ahmed Kanani, said that "the conference bears great significance as we live victories and prepare for building and growth and look forward to a greater role of monetary policy." 
He pointed out that "the presence of experts at the conference is important for the exchange of experiences and what counts for the center that the conference was organized in Baghdad after it was organized outside the country." 
  
Achieve development 
"The conference comes at an ideal time after Iraq clears the dust of terrorism and it is looking forward to the stage of real construction and reconstruction, which requires a banking sector to be the center of success in achieving development. The conference came to be the banking system in one place discussing the requirements The need for future and view the march of the Central and the systems adopted and the extent of service provided to the public, and see the future plans of the Center, which represents the sponsor and father of the banking system. 
He pointed out that "the subject of financial inclusion, which I have advocated for years since the morning newspaper; today takes a large part of the attention of the conference and this is a success of the banking system, where services reach all citizens. 


Check the utility 
Director-General of the South Islamic Bank d. Ahmed Zaki Younis Bin that "the conference under the great victories achieved by our army and our holy mobilization on the forces of darkness and the end of their existence can be described as important, because we are in front of a new stage of construction and reconstruction," pointing out that "the presence of this large number of experts money and economy leads to the establishment of sound rules For the national economy and starting from axes and fixed rules that benefit the national economy. " 


A valuable opportunity 
The Executive Director of the Association of Iraqi Banks Ali Tariq pointed out that "developments in the private banking sector comes through the identification of weaknesses and work to address them, and the conference represents a valuable opportunity to discuss the mechanisms of modernizing the banking system and make it rise to the world in providing sophisticated products that tune And the volume of future work in Iraq. " 
He pointed out that "the Association of Banks closely follows the banking process and has full plans to promote it through integrated training programs to create human capabilities with international efficiency, and more than 2000 employees have been trained during the current year from the public and private sectors, Has a new shape during the coming period and is able to activate economic activities and support the productive sectors 
And service. " 


Monetary policy 
Director General of Payments, Dr. Abdul Karim Bent said: "The Central Bank of Iraq seeks in its work to be a role model for the rest of government institutions through its outstanding performance to contribute to the achievement of sustainable economic development and prosperity for citizens through its mission based on (modern administrative practices, Prudential, financial sector governance, adopting an efficient monetary policy) and building on the institutional values of loyalty, creativity and innovation, teamwork, integrity, transparency, fairness and equality. " 


Electronic collection 
"Through this vision, the strategic plan for the next five years has been launched. Despite the keen interest of the Bank's management in adopting and launching projects and initiatives at the specified time, the Central Bank has sought to have a reflection of this plan in the financial and banking sector, which is reflected in the development of services, And the strengthening of financial coverage in Iraq, because of its direct link to fight corruption and speed in the completion of transactions and the development of the work of ministries and institutions all the transition to payment and electronic collection will ensure the transition to electronic government and facilitate procedures. 


Efficient system 
"The interest in the payment system has been a key factor in monetary policy and effective management of leading the shift to electronic payments and access to a society that helps control the provisions of the supervision and control tools through the establishment of an efficient and effective system based on international standards in this area and a legal framework ensures Equality, transparency and justice for all participants and users of the systems through the organization and supervision of the work of electronic payment services companies and building effective partnerships with the private sector to serve the higher interest of economic development and infrastructure development of the system 
Financial. " 


Cash Management 
Stressed that the availability of payment systems in Iraq, the main benefits to banks and projects and people in Iraq, the most important information on the management of cash and maintain the confidentiality of information and reduce the risk of paperwork and transactions of high value and transactions of low value are processed quickly and safely and transparently, as well as linking all banks And the Ministry of Finance directly at the Central Bank of Iraq and reduce dependence on cash and improve the investment environment in 
Iraq.
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Thanks Yota/Butifldrm...It appears that all these experts are stating the private sector is the key to the success of Iraq's economy...Iraq's private sector is ready to explode...and the world is chomping at the bits to invest...There's enough work to be done in Iraq...to jump-start Iraq's economy and any other country, smart enough to invest...This's an OPEC country that just got the 'green-light' to "re"enter "back" into the international markets...And to reiterate, with a 'newly' established 'private sector'...that has unlimited potential...Hell, I'm smart enough to make this call...Give the Iraqi private sector purchasing power....

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19 minutes ago, skeetdog said:

Thanks Yota/Butifldrm...It appears that all these experts are stating the private sector is the key to the success of Iraq's economy...Iraq's private sector is ready to explode...and the world is chomping at the bits to invest...There's enough work to be done in Iraq...to jump-start Iraq's economy and any other country, smart enough to invest...This's an OPEC country that just got the 'green-light' to "re"enter "back" into the international markets...And to reiterate, with a 'newly' established 'private sector'...that has unlimited potential...Hell, I'm smart enough to make this call...Give the Iraqi private sector purchasing power....

 

DITTO Skeetdog !!!  You are a very smart man If they have purchasing power so will WEEEEEEEEEEEEEEEEEE :D :woot::woot:

Thanks Butifldrm and Yota.

 

 

 

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  • yota691 changed the title to The Central Bank Conference

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