The Central Bank Conference

[yota691]

The Central Bank of Iraq and the Palestinian Monetary Authority honor the President of the Association of Private Banks

 

Economy News Baghdad: The Iraqi Central Bank and the head of the Palestinian Monetary Authority on Sunday honored the President of the Association of Iraqi Private Banks Wadih al-Hanal for his efforts in developing the Iraqi banking sector. He concluded yesterday in Baghdad, the activities of the third annual conference of the Central Bank, which was attended by "Economy News". During the ceremony, the Governor of the Central Bank Ali Alaak honored the President of the Association of Private Banks Wadih al-Hanal for the efforts made in the success of the conference as well as in the development of the Iraqi banking sector through events Association of private banks during the past three years. On the sidelines of the closing ceremony, the head of the Palestinian Monetary Authority, Azzam al-Shou, also honored the efforts he exerted in enhancing trust between the Iraqi, Arab and international banking sector. On the other hand, the Governor of the Central Bank Ali Al-Alak, Executive Director of the Association of Private Banks Ali Tariq Tumina, praised the efforts exerted in increasing coordination between the Central Bank and private banks. He also honored the Governor of the Central Bank Ali Al-Aalak, financial advisor and banker of the Association of Private Banks Samir Nusairi Conference events.   Views 28   Date Added 12/11/2017

[Butifldrm]

The parliamentary economy: the evolution of the relationship with the central bank contributed to overcome the financial crisis

 

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."   http://economy-news.net/content.php?id=10094

[yota691]

2017/12/10 (21:01 PM)   -   Number of readings: 363   -   Number (4084)

 

 

In 30 years our dependence on oil will drop to 15%

 Baghdad / Fadia Al-Jawari 
 

The governor of the Central Bank of Iraq promised to establish a new phase of construction and investment in the country based on reducing the dependence on oil revenues in the next thirty years. In his speech, which opened the third annual conference of the bank, which was held in the last two days in Baghdad, "We will reduce the dependence on oil revenues to 15% after the next 30 years, and we will reduce the dependence on oil revenues to the next stage," he said. Aimed at strengthening the Iraqi economy over the long term. " 

The conference was attended by financial, economic and academic figures and officials of government economic organizations and organizations concerned with the national economic affairs. 
He stressed that the adoption of the country to export one article is "incorrect" and said, "The rules must be laid to build a sound economic way," and stressed that "a manifestation of the strength of economic management, is the balanced growth of economic sectors," revealing that "Iraq will witness The largest investment operations during the coming period, coupled with the provision of the appropriate environment. " 
Alaq said that "the bank seeks to balance the sale of the dollar and maintain it," noting that "achieving the balance of foreign currency as sufficient as in previous years there is no margin and scope for speculation and make a big profit."
It is noteworthy that the Central Bank enjoys independence under its law of 6 March 2004, as one of the independent bodies, which is responsible for maintaining price stability and implementation of monetary policy, and oversees the 10 commercial banks and 26 banks and 16 Islamic banks, in addition to 19 foreign banks, 6 financial institutions and 31 financial transfer companies.
For his part, Minister of Industry and Minerals Mohammed Shiaa al-Sudani called for supporting the labor market and reducing the poverty rate through cooperation between the industrial and agricultural sectors, stressing the need to address the problem of water shortage and salinity. He said in his speech at the Third Annual Conference of the Central Bank " Social and social strata, as affirmed by international standards, in the right to life and practical opportunities. "He also pointed out" the need for sustainable development in the agricultural sector. "The labor market must be supported and poverty reduced through job creation, Industrial sector With the agricultural sector, which begins closing the ports open and support the private sector, which is a real partner of the state. "
The head of the parliamentary economic committee, Ahmad Kanani, that the relationship between the House of Representatives and the Central Bank has seen a remarkable development over the past years, noting: This development contributed to overcome the financial crisis that hit the country because of the drop in 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 conference. 
Kanani pointed out that "the convening of this conference in Baghdad is a success after it was held abroad and efforts are continuing to achieve financial stability." 
In his turn, the head of the parliamentary finance committee, Mohamed Tamim, said that the independence of the Central Bank is a qualitative leap after bitter experiences led to the collapse of the economy, pointing out that the central bank now has a great responsibility 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 (the extent), that "the Finance Committee parliamentary support the role of the Central Bank in achieving financial stability and regulate the work of banks and combating money laundering and the elimination of inflation." 
Tamim 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." 
The conference included a presentation of papers discussing the fiscal policy and how to maintain financial stability.

[nannab]

Good morning DV. Thanks Yota and Butifldrm.

Have a great day everyone. 

[235snack]

2 hours ago, yota691 said:

 Alaq said that "the bank seeks to balance the sale of the dollar and maintain it," noting that "achieving the balance of foreign currency as sufficient as in previous years there is no margin and scope for speculation and make a big profit."

Does not look good for a RV soon.

[Rmc10]

1 hour ago, 235snack said:

Does not look good for a RV soon.

 

It will either happen or it won't. They aren't going to tell anyone if it is going to RV or everyone will be running to buy dinar. 

[DinarThug]

https://cbi.iq/news/view/524

Third Annual Iraqi Central Bank Conference

 

12th December, 2017

The Iraqi Central Bank concluded its third annual scientific conference held under the 
title "The Role of the Central Bank in the Achievement of the Central Bank of Iraq." 
Financial and economic stability "in the capital Baghdad for the period 9-10 December 2017, 
with an important Arab and international presence, as well as the wide participation of scholars 
and specialists who played an active role in achieving the objectives of the conference and enriching
it with ideas that contribute to the formulation of strategies Is working to achieve sustainable financial 
and economic stability in Iraq .

The President of the Palestinian Monetary Authority and his accompanying delegation, as well as the
Deputy Governor of the Central Bank of Kuwait, as well as representatives of the Union of Arab Banks,
the Deputy Minister of Finance and Advisor to the Prime Minister for Economic Affairs and the financial
committees and the economy in the House of Representatives and government and private banks
operating in Iraq and financial companies world and Arab and local.

The conference was attended by the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail,
the President of the Republic, Mr. Hussein Al Hindawi, the President of the Republic, the Chairman
of the Finance Committee, Dr. Mohammad Tamim, and the Chairman of the Committee on Economy
and Investment, Mr. Ahmad Kanani.

The conference was moderated by four sessions attended by a group of Iraqi and Arab financial and
economic leaders, which included discussing the financial and economic reality in Iraq

[Reez]

 Link : https://cbi.iq/news/view/5243

December 12, 2017

 

The Iraqi Central Bank concluded its third annual scientific conference held under the title "The Role of the Central Bank in the Achievement of the Central Bank of Iraq." Financial and economic stability "in the capital Baghdad for the period 9-10 December 2017, with an important Arab and international presence, as well as the wide participation of scholars and specialists who played an active role in achieving the objectives of the conference and enriching it with ideas that contribute to the formulation of strategies Is working to achieve sustainable financial and economic stability in Iraq .

The President of the Palestinian Monetary Authority and his accompanying delegation, as well as the Deputy Governor of the Central Bank of Kuwait, as well as representatives of the Union of Arab Banks, the Deputy Minister of Finance and Advisor to the Prime Minister for Economic Affairs and the financial committees and the economy in the House of Representatives and government and private banks operating in Iraq and financial companies world and Arab and local.

The conference was attended by the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, the President of the Republic, Mr. Hussein Al Hindawi, the President of the Republic, the Chairman of the Finance Committee, Dr. Mohammad Tamim, and the Chairman of the Committee on Economy and Investment, Mr. Ahmad Kanani.

The conference was moderated by four sessions attended by a group of Iraqi and Arab financial and economic leaders, which included discussing the financial and economic situation in Iraq.

 

[yota691]

The Central Bank Conference

17/12/2017 12:00 AM  Dr.. On behalf of the Ibrahimi   over on the ninth and tenth of this month , held the Central Bank of Iraq , the third annual conference in Baghdad and in the presence of Arab and international actor as well as local wide participation by researchers and specialists monetary and financial affairs, and is the first conference in Baghdad in 2003 , where he was preceded by the first two conferences in The United Arab Emirates and the second in   Lebanon.  The Conference held many messages in terms of timing and content. In terms of timing, the convening of the conference on the day of declaring victory over the "preacher" of the terrorist seemed to signal the start of the stage of construction and reconstruction that we are waiting for. In terms of content, the conference chose financial and economic stability as its title. The next stage after years of instability and   for many reasons. Sixteen research papers were presented during the two days of the conference, which dealt with a number of topics that contribute to achieving economic and financial stability. However, the vision presented by the Governor of   the Central Bank in the framework of the transition from dependence on the oil resource to the adoption of non-oil resources in a   time- Annual attention has been given to this role in addressing the structural imbalance suffered by the  Iraqi economy  .  One of the most prominent recommendations made by the conference, which is related to work to achieve financial inclusion in Iraq, because of the great importance in achieving many of the economic   and social results .   Where recent studies have shown that achieving financial inclusion can contribute to raising the economic growth rate by about 7% per annum, as well as its role in reducing unemployment through its ability to provide employment, especially through  small projects.  Finally, the Central Bank has proved once again that it is open to all opinions and has enough flexibility to deal with the changes witnessed by the economic reality in Iraq after having announced previously through the meetings held and attended by.  Therefore, the governor's invitation at the end of the conference came to anyone who has a view or a proposal that contributes to the development of monetary policy to send it to the Central Bank in the event that it is unable to attend these meetings, the sole objective is Iraq's success in achieving economic advancement.

[DinarThug]

The participation of our bank in the third annual conference of the Central Bank of Iraq at Babylon Hotel

Our bank participated in the third annual conference of the Central Bank of Iraq held in Babylon Hotel for the period (9-10 December 2017) under the slogan

(Towards achieving sustainable financial and economic stability)

Where our bank attended all sessions of the conference and over the days of the meeting and in the form of axes included:

The first axis: - The real sector and monetary policy in Iraq.
The second axis: - Financial stability in Iraq.
The third axis: - Financial inclusion in Iraq.
The fourth axis: - Financial merit of the Iraqi banks.
In the light of the conference, the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alak and the Ambassador of the State of Palestine, opened the pavilion of our participating bank in the special exhibition of banks at the conference.

All banking services were provided to the visiting masters and participants.

Posted By: admin Date: 20-12-2017

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