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CBI News 06/28/2018


yota691
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 June 28, 2018
Nominating the Governor of the Central Bank of Iraq as the best Arab Central Bank Governor for 2018

 

The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Best Governor of a Central Bank at the level of the Arab countries by the Union of Arab Banks during the establishment of the Arab Banking Summit 2018, which is held in the French capital Paris. The local and international level in several areas, notably the maintenance of the exchange rate and closing the gap between the official price and the market price, as well as the significant development of the payment system and electronic payment systems as well as the advanced work done in the field of combating money laundering and financing of Terrorism.

Central Bank of Iraq 
Baghdad,          
28/6/2018  

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 Banks


Economy News _ Paris :

The Secretary-General of the Union of Arab Banks, Wissam Fattouh, Thursday, that the granting of the Governor of the Central Bank of Iraq Ali Alalak, the best central bank portfolios in the Arab world for the year 2018 due to experience pilot, adding that the relationship succeeded in fighting inflation and achieving economic balance in Iraq .

Fattouh said during the honoring of the Governor of the Central Bank of Iraq as the best governor in the Arab world for the year 2018 on the sidelines of the Arab Banking Summit International, and attended by the "economy News", "The relations succeeded in fighting inflation and managed to achieve economic balance and combating money laundering and financing of terrorism in the country" "Pointing out that" the Governor of the Central Bank awarded the Medal of the Arab historian formed during the circumstances experienced by the beloved Iraqna pilot experience as an engineer and coordinator of the program of economic reform and the driving force for the reform of the drainage system, which contributed to pivotal in putting the Iraqi economy on a sustainable path and restore Iraqi confidence Yen and investors . "

He added that "the Iraqi and Arab banking culture condemns you in the start and march, and the status and perception of the continuation, because you knew the origins and knew its usefulness and well presented and explored the distance in the mirror of your mind ."

He concluded his speech by saying "We ask God to provide you with longevity and more progress and giving and extend our warmest congratulations to Your Excellency, the banking sector in Iraq, the Central Bank and all our Arab banks ."


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He added that "the Iraqi and Arab banking culture condemns you in the start and march, and the status and perception of the continuation, because you knew the origins and knew its usefulness and well presented and explored the distance in the mirror of your mind ."

 

What the frank does that mean?  Translator broken?

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3 hours ago, blueskyline said:

Thank You Yota . GM DV's . Alak has always seemed interesting . Appointed by Maliki and smart enough to ask the IMF ,WB and the UST for direct help with corruption and managment if I am correct . Seems just as shrewd as Abadi.?

Agreed. I think they're also trying to gain the people's trust in Alak and the central bank, all banks actually!

I excerpted the conclusion from the speech last week by the governor of the center bank of England. On my phone so i cant do it but very telling in his words about working with emerging markets. Hello Iraq!! 

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1 hour ago, King Bean said:

Well....they can't fire him now. What could he possibly do as a follow-up to that award?? Hmmmmmm??? :bagofmoney:

 

Boy oh boy, KB . . . That’s a real tuff question you pose here . . . Does ANYONE in DV LAND have the the answer as to what The CBI Guv. Could pose do as a Follow up to this prestigious Award ?  ;)

Just kidding of course KB - IMHO, the CBI IS READY-this chap has his finger on the button just waiting for the thumbs up. . . Then it’s champagne and party popper time.

 

its the when of it that’s still the nail biter.

 

 

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1 hour ago, fnbplanet said:

He added that "the Iraqi and Arab banking culture condemns you in the start and march, and the status and perception of the continuation, because you knew the origins and knew its usefulness and well presented and explored the distance in the mirror of your mind ."

 

What the frank does that mean?  Translator broken?

 

Well this certainly answers many of my questions !  :lol: 

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The CBI have been doing an outstanding job

 

- inflation +/-2%

- foreign currency reserves $51.5 billion dollars 

- gold reserves 89.9 tons 

- the gap between official rate and street rate 2%

- currency auctions from around $300 million a day to around $150 million a day

- fighting corruption in the currency auctions

- reduction of note count

- opening the doors for foreign banks to do business in Iraq 

- AML / ATF

- IBAN

- RTGS

- ISO certified

- electronic banking

- financial inclusion

 

CBI is moving forward to an open market economy..... Time to remove exchange control end MCP and give real market value to the dinar 

 

Go CBI

Go open market economy 

Go real market value 

Go $1:1

 

 

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7 minutes ago, Laid Back said:

CBI is moving forward to an open market economy..... Time to remove exchange control end MCP and give real market value to the dinar 

 

Yes it’s go time...let’s go RV:twothumbs:

Edited by 6ly410
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1 hour ago, Laid Back said:

The CBI have been doing an outstanding job

 

- inflation +/-2%

- foreign currency reserves $51.5 billion dollars 

- gold reserves 89.9 tons 

- the gap between official rate and street rate 2%

- currency auctions from around $300 million a day to around $150 million a day

- fighting corruption in the currency auctions

- reduction of note count

- opening the doors for foreign banks to do business in Iraq 

- AML / ATF

- IBAN

- RTGS

- ISO certified

- electronic banking

- financial inclusion

 

CBI is moving forward to an open market economy..... Time to remove exchange control end MCP and give real market value to the dinar 

 

Go CBI

Go open market economy 

Go real market value 

Go $1:1

 

 

Agree, I think he is doing an outstanding  job. He is lining things up and checking things off for the WB, IMF  and UST.  :twothumbs:

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1 hour ago, 6ly410 said:

Yes it’s go time...let’s go RV:twothumbs:

I hope my friend :twothumbs: I'm not sure if the CBI have to wait till the end of IMF Stand by Arrangement to give real market value to the dinar.

 

12 minutes ago, ChuckFinley said:

Agree, I think he is doing an outstanding  job. He is lining things up and checking things off for the WB, IMF  and UST.  :twothumbs:

Agree my friend. Moving fast in the right direction.

 

Go RV ASAP 

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9 hours ago, yota691 said:
 
8664.jpg

  

 Banks


Economy News _ Paris :

The Secretary-General of the Union of Arab Banks, Wissam Fattouh, Thursday, that the granting of the Governor of the Central Bank of Iraq Ali Alalak, the best central bank portfolios in the Arab world for the year 2018 due to experience pilot, adding that the relationship succeeded in fighting inflation and achieving economic balance in Iraq .

Fattouh said during the honoring of the Governor of the Central Bank of Iraq as the best governor in the Arab world for the year 2018 on the sidelines of the Arab Banking Summit International, and attended by the "economy News", "The relations succeeded in fighting inflation and managed to achieve economic balance and combating money laundering and financing of terrorism in the country" "Pointing out that" the Governor of the Central Bank awarded the Medal of the Arab historian formed during the circumstances experienced by the beloved Iraqna pilot experience as an engineer and coordinator of the program of economic reform and the driving force for the reform of the drainage system, which contributed to pivotal in putting the Iraqi economy on a sustainable path and restore Iraqi confidence Yen and investors . "

He added that "the Iraqi and Arab banking culture condemns you in the start and march, and the status and perception of the continuation, because you knew the origins and knew its usefulness and well presented and explored the distance in the mirror of your mind ."

He concluded his speech by saying "We ask God to provide you with longevity and more progress and giving and extend our warmest congratulations to Your Excellency, the banking sector in Iraq, the Central Bank and all our Arab banks ."


Views 52   Date Added 06/28/2018

 
 

 

How is this possible?  Last November, he was the worst banker in the Middle East and today he's the best.

(I remembered reading this article and searched for it today.)

 A global institution classifies this “Iraqi personality” as the worst person in 2017 !!

30-11-2017 03:19 PM

 

Readers
image.php?token=d5ee029969c0e21ada808bfb20989b04&size=

 

 

Baghdad News –

 

 

Global Finance Corporation (WI) on Thursday named the governor of the Central Bank of Iraq as the governor of the Middle East and Africa in 2017.

The Central Bank’s governor, Ali Mohsen Ismail Al-Alak, received the lowest rating from 28 Arab and African countries. He was ranked last in the list of central bankers for his mismanagement of the Central Bank of Iraq and government and private banks. Bank in the face of political pressure.

The institution is based on the classification of central bankers to control inflation, economic growth, currency stability and interest rate management, as well as supervision of financial institutions and their determination to protect their independence in the face of political pressure on them.

http://www.baghdadnews.info/index.php?page=article&id=28715

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21 minutes ago, Floridian said:

 

How is this possible?  Last November, he was the worst banker in the Middle East and today he's the best.

(I remembered reading this article and searched for it today.)

 A global institution classifies this “Iraqi personality” as the worst person in 2017 !!

30-11-2017 03:19 PM

 

Readers
image.php?token=d5ee029969c0e21ada808bfb20989b04&size=

 

 

Baghdad News –

 

 

Global Finance Corporation (WI) on Thursday named the governor of the Central Bank of Iraq as the governor of the Middle East and Africa in 2017.

The Central Bank’s governor, Ali Mohsen Ismail Al-Alak, received the lowest rating from 28 Arab and African countries. He was ranked last in the list of central bankers for his mismanagement of the Central Bank of Iraq and government and private banks. Bank in the face of political pressure.

The institution is based on the classification of central bankers to control inflation, economic growth, currency stability and interest rate management, as well as supervision of financial institutions and their determination to protect their independence in the face of political pressure on them.

http://www.baghdadnews.info/index.php?page=article&id=28715

Propaganda.... both directions ;) 

 

whatever fits their narrative.... to accomplish their goals.... unfortunately we are not privy to what their goals are 

Edited by NEPatriotsFan1
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2 hours ago, NEPatriotsFan1 said:

Propaganda.... both directions ;) 

 

whatever fits their narrative.... to accomplish their goals.... unfortunately we are not privy to what their goals are 

 

So how do we pick and choose what to believe?  Why do we bother reading this stuff every day?

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2 hours ago, Floridian said:

 

How is this possible?  Last November, he was the worst banker in the Middle East and today he's the best.

(I remembered reading this article and searched for it today.)

 A global institution classifies this “Iraqi personality” as the worst person in 2017 !!

30-11-2017 03:19 PM

 

Readers
image.php?token=d5ee029969c0e21ada808bfb20989b04&size=

 

 

Baghdad News –

 

 

Global Finance Corporation (WI) on Thursday named the governor of the Central Bank of Iraq as the governor of the Middle East and Africa in 2017.

The Central Bank’s governor, Ali Mohsen Ismail Al-Alak, received the lowest rating from 28 Arab and African countries. He was ranked last in the list of central bankers for his mismanagement of the Central Bank of Iraq and government and private banks. Bank in the face of political pressure.

The institution is based on the classification of central bankers to control inflation, economic growth, currency stability and interest rate management, as well as supervision of financial institutions and their determination to protect their independence in the face of political pressure on them.

http://www.baghdadnews.info/index.php?page=article&id=28715

maybe his have achieved reforms in 2018 .... time goes global 

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