Monetary Policy Harvest (2016-2019)

[hawk-eye-view]

Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy...

 

is anyone else translating this as deleting 3 zeros?????

"to reduce the thousand"....which is the only "technical"  difference in the dinar and other currencies?  "Thus restoring confidence"....

[Floridian]

5 minutes ago, hawk-eye-view said:

Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy...

 

 

is anyone else translating this as deleting 3 zeros?????

"to reduce the thousand"....which is the only "technical"  difference in the dinar and other currencies?  "Thus restoring confidence"....

 

YES!  Great observation, hawk-eye-view.

[hawk-eye-view]

I'm hoping since they started the timeline in 2016...that 2020 marks the time that it will have already been implemented, and able to markedly see progress and financial stability!!

[eighty227]

18 minutes ago, hawk-eye-view said:

Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy...

 

 

is anyone else translating this as deleting 3 zeros?????

"to reduce the thousand"....which is the only "technical"  difference in the dinar and other currencies?  "Thus restoring confidence"....

That was also my first thought.

[6ly410]

Woha!!

[navira]

Say no moee...

[6ly410]

4 minutes ago, navira said:

Say no moee...

Yup.. almost go time...

[navira]

I expect movements really late today and this week...it is still memorial holiday today in the US.

[6ly410]

Yes anytime now this is currency reform in the making... things are about to get wild! Haha gO RVV!!

[NEPatriotsFan1]

Sweet, Happy Memorial Day! Time for cookouts.... Thanks for bringing the article Butifldrm

[Pitcher]

Thank you for this post Butifldrm, very interesting!

2 hours ago, Butifldrm said:

 The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy

 

[Laid Back]

"The governor stressed the validity of reading the visions and policies and steps that the message organized after the variable And developments in the stability of the exchange rate for three months and the urgent need for banks to move to the stage beyond the window of currency and the orientation to real banking."

 

- CBI is moving forward to IMF Art 8 compliance 

 

the Central Bank within the Strategic Action Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy.

 

-financial inclusion

-financial coverage

-banking technologies

 

Which contributes to reduce the thousands.

 

The CBI is worry about the 35 trillion IQD in chunky cash, so throughout financial inclusion, financial coverage and

banking technologies they are trying to collect the chunky cash before starting the 000 project.

 

They need to restore confidence in the banking sector.

 

just my opinion.

 

Go CBI

Go new monetary policy

Go $1:1

 

 

 

 

 

 

 

[yota691]

Banks and their structural development

 

Samir Nusairi

Articles Samir Nusairi The official financial indicators of the activities of the Iraqi banking sector for the past five years indicate developments and expansions in the Iraqi banking sector. The rates of development in total capital increased by 98%, total assets by 16%, total deposits by 154% (77%). However, what is important in the developments is what the banks have achieved over the last two years of structural, structural and technical developments in light of the strategy of the Central Bank of Iraq for the years 2016-2020 and strict compliance with international standards of compliance rules and regulations.Payment systems and electronic payment techniques and increase the financial coverage to 22% after 11%, which led to the reclassification of banks by the Central Bank locally and procedures are continuing for the purpose of classification by international rating companies.: - I. Commitment and action in accordance with the regulations issued by the Central Bank of Iraq regarding the combating of money laundering and financing of terrorism derived from FATF recommendations and in light of the principles derived from the Anti-Money Laundering Law No. 39 of 2015 . II. Compliance with regulatory directives developed by the Central Bank in cooperation with the International Fund's Metac Center and making them conform to international standards and Basel II requirements . Third: The transition in the preparation of final and interim statements to international standards (IFRS),which ensures transparency of data and dealing with it by all parties responsible for financial reporting. Fourthly, to encourage and stimulate the processes of financial inclusion and try to increase its proportion in Iraq through the adoption of a project to settle salaries, a step to reduce the use of cash and the direction of growth of the non-monetary society . V. Work on the implementation of the plans of the Central Bank to revitalize the economic cycle and achieve economic stability and increase bank financing granted to small and medium enterprises . Sixth: The use of all methods and procedures required to be approved to verify the sources of funds of applicants for the purchase of foreign currency for the purpose of preserving the foreign currency from the detrimental behavior of the national economy . VII. Take the necessary measures to adopt risk criteria and adopt a precautionary policy to contribute to risk perception and thus take appropriate measures to address any risk . Eighth - Adopting the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally . IX - Contribution to the establishment of a deposit guarantee company to maintain the insurance of customers' deposits in circumstances that expose banks to financial collapses, which is a state of reassurance of customers to go to deal with the banking system . X. Commit and act in accordance with the policies and procedures set forth in the Governance Guide, which provides for transparency, disclosure and separation of management from ownership . Certainly, the banks' commitment to the above criteria will inevitably lead to Holding banking partnerships between the regional and foreign banks and the Iraqi banks classified asA or excellent according to the special classification criteria adopted in the light of assessments of the Central Bank of Iraq and cooperation with banks classified internationally in the areas of international banking and adoption as correspondent banks in Iraq. In the Iraqi banks internationally in accordance with the standards of the Financial Action Group and its positive impact on the improvement of the reputation of our national economy in the global circles . * Bank advisor Views 6   Date Added 02/06/2018

[IQD=freedom]

👍

[6ly410]

[Laid Back]

Thanks yota, 👍🏻😊

 

The CBI is committed to bring the Iraqi banking system to international standards with an international recognize currency

 

Go CBI 

Go international 

Go RV

Go $1:1

[navira]

Bump it up...just chillin in the background

[6ly410]

Let’s go RV

[yota691]

Supreme Economic Council

 

Samir Nusairi

Articles Samir Nusairi The media leaks these days, according to government sources, that the important decisions that will be taken by the new government, which will be formed after the ratification of the final results of the elections is the formation of the Supreme Economic Council, and on this occasion I would like to reiterate to the reader that I have already called for the formation of this Council on 17 February 2016 open letter to the Prime Minister published on the website of the Iraqi economists and reiterated the proposal at the beginning of 2017 on the pages of the newspaper Al-Sabah glue and the Agency of Economy News and important that this Council should be composed of half of experts in the government and The council is responsible for strategic planning, defining policies and procedures, monitoring and monitoring the implementation of development plans, and has the authority to make recommendations and economic decisions to reform the national economy. The Chairman of the Council shall be a member of the Council of Ministers. The Council shall be headed by a technocrat elected by the members of the Council. Members shall be selected according to the scientific standards and practical experience accumulated in the Government or in the private sector. The implementation shall be binding upon ratification by the Council of Ministers and shall be regulated by law. And be supervising and supervising the committees and entities it forms, most notably the Reconstruction Fund, the National Savings Fund, the SME financing and development institutions, and the protection and support of the local product and the public service council. And that the private sector be given a leading role in the management of the economic wheel allows it to overcome the imbalances in the structure and strict central regulations and economic policies deficient within the central objective of moving to a stable and free economy and the adoption of mechanisms and ways, policies and procedures clear because "the process of economic recovery requires a campaign to save all productive and service sectors , And despite the existence of strategies and initiatives prepared and issued in partnership with international organizations of the United Nations, but it has not led to important positive results over the past years for many considerations, especially complications planningLegislative and executive ". Therefore, "one of the most important tasks of the proposed Council to develop mechanisms, contexts and instructions and reconsider legislation to move the economy from its current status to the social market economy, so as to achieve sustainable national development for the next five years as an important stage to move to achieve the economic vision of Iraq until 2030, Private Sector 2014-2030, and is in line with the provisions of the Constitution on the promotion of privatization. " Stressing the need to review the mechanisms and policies and points of action in light of the variables of the economic and financial crisis experienced by the country through the restructuring of the state-owned industry and the transition to the private sector and provide the necessary infrastructure and the promotion of agricultural production and livestock, as well as the development of trade and banking. In addition to "structuring the government banking sector in accordance with the memorandum signed with the World Bank, in addition to supporting the private banking sector and enhancing its current potential", and formulating policies of economic cooperation with Arab and foreign countries and establishing economic relations with them, as well as developing development policies for internal and external trade , For its positive effects on the economic situation. Because the building of a healthy national economy in which all productive sectors participate will save the country from its suffocating economic crisis, increase per capita income, increase its purchasing power and increase national income. "The focus is on the need to implement important steps towards building a strategy for developing the economy and supporting the private sector to take part in contributing to the new construction Economy and diversification of budget resources. " With the importance of sustaining partnership and dialogue and cooperation between the private sector and the government and activating them, and contribute to the development of mechanisms and participation in follow-up implementation to resolve the transition in stages programmed time to market economy. And the belief in the ability of the private sector to work towards providing additional sources of funding for the state budget by adopting and diversifying other non-oil resources in the gross domestic product and encouraging the establishment and development of small and medium-sized enterprises to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose. * Economic and banking consultant Views 49   Date Added 06/09/2018

[blueskyline]

http://www.alsabaah.iq/ArticleShow.aspx?ID=158565.......

   

Towards effective economic leadership

11/6/2018 12:00 am   Samir al-Nusairi  Iraqis are waiting for the formation of a new government with special national standards aimed at serving the people, economic stability and reconstruction, revitalizing the economic cycle and achieving prosperity for the people who suffered 15 years of instability, terrorism and loss of basic services. In order for the new government to achieve these goals and aspirations, its main sessions should lead national economic leaders in the next phase. The national economic elites in various fields should have an effective role in analyzing and assessing the economic reality in Iraq after 2003. Of the economy, adding and enriching the successful experiences and bright points that emerged during the suffering of Iraq from the financial and economic crisis experienced by them, starting from their national sense to be given the opportunity to lead the wheel of change and origin Because the Iraqi economy and Eebenah Aaisalha only his sons, especially his experts, technocrats and Mvkroh people with real experience in the previous process successful work locally   and externally. The observer and observer of the role of government institutions over the past years, in terms of the management of the Iraqi economy, notes failures and challenges with the loss of methodology and the lack of clarity of policies and programs and the lack of harmonization of strategies prepared in partnership with international organizations and experts with the reality of the Iraqi economy monolithic resources, which depends primarily on oil rent and its causes This is due to the structural and structural imbalance in the economy and the lack of stability in the financial system and the monetary system due to the deficit in non-oil revenues and the balance of payments deficit and the continuing wage in the public budgets, and weak coordination between the financial policies and As well as the mismanagement of public funds and the obvious weakness in the economic leadership of most of the governmental economic institutions and the lack of involvement and give an active role of the private sector in economic decision-making. All failures and the war on terror have led to economic instability and lack of vision to build a solid national economy capable of drawing the preconditions for a transition to a social market economy, which I believe is the solution to our economic reality.  These challenges have created pessimism and pessimistic outlook for our economic future among many of our economic elites, but many economic, financial and local experts believe that there are several promising and bright points that some economic institutions have made clearly and effectively during the years 2015-2017, the years of economic and financial crisis   Suffocation.   The most prominent of these bright points in this march is the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives set out in its law. The most important achievement of the Central Bank is its contribution to achieving economic steadfastness and strengthening the decisive victory over terrorism.  I do not want to clarify the executive and development procedures and build balanced relations with Arab, regional and foreign banks and its strategy for the next five years, the results achieved on the scope of monetary policy applications internally and convince the international financial organizations and the most important official reports issued by them confirm the success of the policy of the Central Bank to achieve an important transition of the Iraqi economy from The gray phase to follow up. One of the most prominent achievements was to stabilize the exchange rate and recovery of the Iraqi dinar and raise its purchasing power.   In addition to its various contributions and initiatives to activate the economic cycle and enhance the liquidity of banks and reach a re-bridge of coordination between the financial and monetary policies and propose new economic and structural policies to prepare public budgets for the coming years and attempts to restore confidence in the  banking system  .  The CBB has demonstrated its clear ability to interact, analyze labor constraints and create conditions to overcome challenges, and the road is still long before the central bank and the competent government agencies to achieve a sound national economy.  Therefore, the invitation is addressed to the national economic elites to interact with the bright points and experiences and enrich them with their ideas, visions and proposals to build a solid national economy, overcome challenges, correct the wrong tracks, and transparent and calm dialogues without personal and partisan targets.

[blueskyline]

Thanks f26

[navira]

One of the most prominent achievements was to stabilizethe exchange rate and recovery of the Iraqi dinarand raise its purchasing power...thanks BL

[yota691]

What is needed is a new government led by an economy

 

Articles Samir Nusairi Samir Nusairi After the final results of the elections, the Iraqis are waiting for the formation of a new government with special national characteristics. Its primary objective is to serve the people, achieve economic stability and reconstruction, revitalize the economic cycle and achieve prosperity for the people who suffered during 15 years of instability, terrorism and loss of basic services. Goals and wishes should lead the key rings of national economic leaders in the next stage because the national economic elites in various disciplines must have an active role in the analysis and assessment of the economic reality in the Aq after 2003 and to identify failures and challenges and identify visions, policies and reforms needed for the economy with added and enriched the successful experiences of the bright spots that emerged during the suffering of Iraq from the financial and economic crisis experienced by departing from the national sense of their love for Iraq and its people that are given the right to lead the wheel change opportunity The observer and observer of the role of government institutions during the lean years that passed through Iraq and is still passing by in the management of the Iraqi economy notes that there are failures and challenges and black pages related to the loss of methodology and the lack of clarity of policies and programs and the lack of harmony strategies developed in partnership with international organizations and experts with the reality of the Iraqi economy Resources, which depends mainly on oil revenues and the consequent structural and structural imbalance in the economy and the face of stability in the financial system and the monetary system are significant challenges because of the deficit in non-oil revenue and deficit balance of tide In addition, there is poor coordination between the fiscal and monetary policies, in addition to the mismanagement of public funds and the obvious weakness in the economic leadership of most of the governmental economic institutions, in addition to the lack of involvement and giving an active role to the private sector in economic decision-making. All the above failures, combined with political and security instability and the war on terror, have led to economic instability and lack of vision to build a solid national economy capable of drawing the preconditions for a transition to a social market economy that I believe is the solution to our economic reality.  The challenges presented above have created the pessimism and pessimistic outlook of our economic future among many of our economic elites, but I believe and believe many economists, financial experts and analysts. There are promising and bright points and experiences that some economic institutions have made clearly and effectively during the years 2015-2017, The economic and financial crisis suffocating.  One of the highlights of this march is the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law. The most important achievement of the Central Bank is its contribution to achieving economic steadfastness and strengthening the decisive victory over terrorism.  I do not want to clarify the executive and development procedures and build balanced relations with Arab, regional and foreign banks and its strategy for the next five years, the results achieved on the scope of monetary policy applications internally and convince the international financial organizations and most important official reports issued by them confirm the success of the policy of the Central Bank to achieve an important transition of the Iraqi economy from The gray phase to follow up. One of the most prominent achievements was to stabilize the exchange rate and recovery of the Iraqi dinar and increase its purchasing power.  In addition to its various contributions and initiatives to activate the economic cycle and enhance the liquidity of banks and reach a re-bridge coordination between the financial and monetary policies and propose new economic and structural policies to prepare public budgets for the coming years and attempts to restore confidence in the banking system.  The Central Bank has proved its clear ability to interact and analyze obstacles to work and create conditions to overcome the challenges, and that the road is still long before the Central Bank and the competent government agencies in order to achieve a sound national economy so I call on national economic elites to interact with the points and experiences light and enrich them with their ideas and visions and proposals To build a strong national economy and overcome the challenges and correct the wrong tracks and dialogues transparent and calm without personal and partisan targets, because the abuse of our national economic institutions of sovereign is an insult to Iraq and its people. Views 39   Date Added 06/13/2018

[DWS112]

Comprehensive economic reform and the involvement of the private sector in the next government is the solution to the problems of Iraq

 

  22/07/2018

 

Samir Nusairi

My beloved country is witness these days demonstrations in the central and southern provinces and Baghdad, called by our people the government to provide basic and urgent services, which have not been secured during the past fifteen years for subjective and objective reasons, notably poor management and financial and administrative corruption and lack of jurisdiction in the institutions that provide services, Unemployment reached 40% in some governorates, and I think that the main reason is the lack of competence and competence of the leadership and middle leadership in these service institutions. In addition, the procedures of radical and comprehensive economic reform, And the people have given an excuse to the government during the war on terrorism and contributed with the government to achieve victory and expulsion from Iraq was expected to begin the transition from war to peace and reward the people to provide services and reconstruction and investment and reduce unemployment, People wish

 

Therefore, we note that the enemies of the people and the crisis traders began exploiting the citizens' legitimate protests by attacking the successes of the Central Bank. They published fraudulent columns to confuse the daily work of the government and private banks. They also questioned the intentions of the demonstrators and threatened them with damaging the public money. The Central Bank's press statement stated that these uncles had forged their plans, Enemies of success spread that the dollar exchange rate would rise due to events and failed again. Therefore, I confirm that the wise policy of the Central Bank proved that it is not affected by crises.

 

And here I think that the solution to all the problems of Iraq is the real reform of the economy and the selection of economic and financial leaders and competent and successful, which have previous experiences and the adoption and involvement of the private sector in the next government and in all fields and disciplines.

 

 

[jg1]

Really,,,,,,the solution to all the problems of Iraq is the real reform of the economy. So now you are telling the protesters, forget about your demands,,

What you really need is to stop your government officials from stealing you blind.  Does not matter how much you make, but how much you steal, oh and set some examples. Get a rope quick to appease the protesters for now, as Maliki is pushed out the door into the crowd. 

Edited July 22, 2018 by jg1