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About dinareffic

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  1. International Smart Card Company contributes to financial inclusion Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers. What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq" So we have said that KI is the leader in the national private sector in providing electronic payment services. Views 175 Date Added 04/24/2019
  2. The arrival of the Gulf Cooperation Council delegation to Baghdad Political | 04:09 - 23/04/2019 BAGHDAD - A delegation from the Gulf Cooperation Council (GCC) arrived in Baghdad on Tuesday. "A delegation from the Gulf Cooperation Council (GCC) headed by Amin Abdullatif al-Zayani arrived in Baghdad," the official news channel said. Iraq has witnessed during the past period, visits of several Gulf officials to the capital Baghdad
  3. Saudi Arabia reports 40% growth in non-oil exports to Iraq 23 April 2019 Saudi exports to Iraq increased significantly during the year to Saudi Arabia, the secretary-general of the Saudi Export Development Authority, Salih al-Salami, said Tuesday. The kingdom's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals, Compared to 2017. "The value of Saudi Arabia's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals with a growth of 40 percent compared to 2017," he said on the sidelines of the Erbil International Construction Exhibition. "The food sector ranked first in Saudi exports to Iraq at 662 million Saudi riyals, followed by the construction materials sector with an export value of 565 million riyals. Over the past five years, Saudi non-oil exports to Iraq have reached 10 billion riyals." He pointed out that "the participation of the Authority in the exhibition comes within the framework of efforts to support the Saudi source and promote the Saudi products and services and enhance their presence and raise their competitiveness in the global and regional markets in line with the vision of Saudi Arabia 2030 and its objectives to increase the proportion of non-oil exports from 16% to 50% Gross Domestic Product Value ".
  4. The Association of Iraqi private banks, a record rise in the volume of financial deposits in government and private banks, for the first time since 2014, which witnessed the invasion of the organization of several cities and north and west of the country, and the collapse of oil prices, which led to the entry of Iraq in A stifling financial crisis that has led to the adoption of austerity policy and the cancellation of thousands of development projects. Ali Tariq, executive director of the Association of Banks, an organization licensed by the authorities to monitor financial transactions in banks, said government and private deposits rose by 9.84 trillion dinars (about 8.8 billion dollars) last year, a year earlier than the previous year. Tariq said in a statement that the deposits amounted to 76.89 trillion dinars, compared to 67.05 trillion dinars in 2017. He attributed the rise in deposits to "the measures of the Central Bank in supporting the banking sector, both government and private, in addition to the elimination of Iraq from the financial crisis that hit in 2014 due to falling oil prices and improved security after the elimination of the organization. Iraq has 30 government and private banks, most notably Rafidain, Rashid, Industrial, Commercial, Real Estate, Baghdad, Iraqi Investment, Dar es Salaam and the Middle East. "The relationship between the citizen and the banking sector is witnessing a great improvement after the procedures of the Central Bank, including the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others." He pointed out that other factors contributed to the increase in deposits, including the increase in the geographical spread of banks through the increase in the number of branches and the provision of electronic payment tools, and expected to increase deposits in the coming years, after the establishment of the company "Deposit Guarantee" by the Central Bank. A senior Finance Ministry official said in a press statement that there was a plan with the help of World Bank experts to withdraw active funds outside the banking sector to banks, pointing out that it aims to increase deposits to 100 trillion dinars (88 billion dollars) in 2022. The official added: "Reports confirm that more than half of the financial liquidity of the Iraqis save them in their homes, and some of them convert them to the dollar for easy to put in places inside the house difficult to detect thieves, and there are large funds unfortunately go to Turkey, Jordan, Lebanon and Egypt, where he sees Some put it there for the best security reason and also the high benefits of up to 14%. " "The rise in deposits may be due to the improvement in oil prices and the return of projects and investments that require bank guarantees and also the resettlement of the salaries of retirees who make up a small percentage of the state's paid monthly," said Mohammed Abdul-Karim al-Refai, financial adviser to the Baghdad Stock Exchange. What is more important is: how many of those who came to the banks, opened accounts, left their money and left? "
  5. I've always thought the April 30 date was a possibility. IMF historically updates their SDR on April 30
  6. Central control of the level of inflation and supports electronic collection Monday, 15 April 2019 78 Baghdad / Hussein Thugb "The Central Bank has succeeded in controlling the level of inflation, maintaining prices, maintaining the purchasing power of the national currency, controlling the exchange rate and closing the gap, Between the official price and the market price. "Foreign exchange reserves rose from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support balance of payments and crisis response Economic development. The coordination with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and support Profitability ". Issuance of bonds She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision for the management of government public debt by the financial authority and monetary authority "He said. Financial Inclusion "We have supported the electronic collection of government fees, the facilitation of payments to citizens, the signing of a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to support the strategy of financial inclusion and the provision of electronic payment cards to citizens to urge them to work with the unified international bank account, Through bank accounts internally And externally. " Electronic payment "The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, electronic payment companies in order to support electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector and to increase the security of information and networks on the speed of data transmission Sizes Big ". Financial operations On the developments witnessed by the Central in the payments sector confirmed "the establishment of the National Bank to settle payments between banks and increase electronic financial operations between banks, companies and citizens, support electronic collections of government departments and facilitate Ways of payment to citizens ". Memorandum of Understanding "We have signed a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to support the strategy of financial inclusion and the provision of electronic payment cards to citizens. , As well as linking the banks and the Central Bank of Iraq with the bank data centers by optical cable Aziz infrastructure for the banking sector, increasing the information and network security, as well as high-volume data transfer speed. " Localization of salaries The launch of the localization of salaries for all public sector employees through the transfer of salaries to employees' bank accounts, as well as the easy receipt and withdrawal of salaries through the available payment channels, bank branches, ATMs, Points of sale, and enjoy the many advantages of bank accounts. "
  7. April 30th has always been a date I looked at closely every year. IMF loves April 30th
  8. Yesterday - Monday - 1 April 2019 Report: Abadi will sue al-Maliki for "war criminal and the destruction of Iraq" aliraq news 6 Network Iraq News The victory coalition led by Haider al-Abadi leads the movement to open a file against the leader of a coalition of state law, Nuri al-Maliki, related to the waste of public money outside the controls during his rule Al-Akhbar newspaper reported that "the official investigations fuel political conflicts, adversaries trying to invest them according to their interests, in order to gain or liquidate accounts, from the fall of Mosul and the massacre of Spyker, to the sinking of the ferry, all signs of the extent of corruption rampant north, like the state and institutions unable to To impose their presence. Politicians are steeped in their conflicts, and people are always paying the price. "She continued: "The movement of the dead in the city of Mosul (21 March last), a political rivalry to hold the decision of the province of Nineveh and the city of Mosul "78 days ago, 78 deputies submitted a request to the Presidency of Parliament to form a fact-finding committee to discuss the circumstances of the massacre of Spyker (June 2014), committed by an organization calling for the right of members of the security forces, in addition to cases of waste Public money during the government of former Prime Minister Nuri al - Maliki (2 010 2014) ". She explained that "MP Yousef al-Kalabi of the coalition of victory, allied with the others, and wisdom, and the national list issued this movement, knowing that these forces collectively accuse Maliki and his government to spend huge sums of money outside the controls adopted in the draft federal budget in 2014, In the northern and western provinces, which fell in the hands of the organization that year. " Last year, the alliance called for the opening of a transparent investigation into the causes of the fall of Mosul, however, and the condemnation of all responsible for that incident, in a position interpreted then attempts to eliminate the presence of al-Maliki. The newspaper said that, "interpretations are being prepared today, against the backdrop of the continued sharp dispute between the leader of a coalition of state law and each of Haider Abadi and Muqtada al-Sadr, which does not appear to be resolved now, despite serious attempts to heal the rift between Maliki and Abadi on the one hand, Maliki and Sadr from On the other hand".The paper quoted a parliamentary source in the Fatah alliance put "the proposal of victory in the context of renewed competition looming between Maliki and Abadi." The source said: "In Iraq, we should always look for the political background of any decision or a surprise step, although the incident confirmed the sinking of the need to conduct formal parliamentary investigations, but the main reason to examine all files related to the city of Mosul is the sharp and hidden disagreement between Maliki and Abbadi on the post First Vice-President of the Republic ". He added that "the race is heated between the two men to go, with the determination of the coalition of construction (Maliki and al-Amiri, along with Khamis Dagger) Maliki's nomination, at a time when media reports confirm that the reform will not accept the assumption of Maliki's office again, but tends to be attributed to Abadi, as compensation for his loss to the post The prime minister, which is denied sources of wisdom, noting that "there is no similar talk in recent times." "The parliamentary investigation line, whose results appear to be always in the political investment bazaar, has already issued a report last month on fact-finding in the city of Mosul, which is also part of the efforts of political forces to settle their accounts from the north gate" . The newspaper, quoting a political source from Mosul, did not name him as saying that "the report, which warned of serious sectarian tension, was caused by negative practices and several factors ... resulted in the emergence of a new pledge of allegiance and the reawakening of its elements. "He said.According to the deputies of the building, "the report was politicized; the response to the spread of corruption in the city to the hegemony of economic committees belonging to the crowd, and control of projects and land and auctions ,,, accusations denied by leading sources in the crowd in her talk to the news, pointing out that" Once the offices of the fake claim to belong to the crowd, was closed by the Directorate of Security, adding that "our troops stationed outside the city, and several kilometers away." "The city is witnessing an extension of the tribal mobilization forces, supported by some political figures such as MP Ahmad al-Jubouri, whose brother Musa leads the cavalry cavalry, and the deputy Abdul Rahim al-Shammari, who leads his brother Abdul Khaliq, the crowd of crowds, crowds, Crowds supported by Turkey and the Kurdistan region, active in Nineveh, which is responsible for a significant number of dirty operations, from killing, kidnapping, theft and extortion ... and no accountant.
  9. Forgive me if already posted
  10. Controls for the first phase of the project (transfer of liquidity between banks) 4/2/2019 »The controls of the first phase of the project ( transfer of liquidity between banks ) ... To view click here
  11. Iraq 's economy is showing a decline and a rise in inflation Twilight News 2 hours ago The Ministry of Planning announced on Sunday the low rate of monthly inflation and the annual rise for the month of February. The ministry's spokesman Abdul-Zahra al-Hindawi said in a statement to the twilight news that the general index for the month of February 2019 in Iraq was (104.4%), decreased by (0.5%) compared with the month of January 2019, (1.1%), clothing and footwear (1.2%), housing (0.5%), and communication (0.3%). Hindawi added that the annual inflation rate increased during the month of February 2019 to (0.4%) compared to February 2018, when the index reached (104.0%), while the index of inflation index basis (0.1%) from the previous month and increased by (0.3%) compared to With the month of February 2018. Keywords:
  12. Abadi reveals the decision to arrest Maliki and calls for Abdul Mahdi to implement it - ADDED MARCH 28, 2019 Secrets of Media Prime Minister Nuri al-Maliki was in the process of taking office as the government. Abadi said during a meeting with the leaders of his victory coalition that he had already taken the decision to arrest former Prime Minister Nuri al-Maliki on charges of causing the fall of three Iraqi provinces by the elements of the organization "da'ash" terrorist, but internal and regional pressures prevented the issuance in the last moments Abadi said that the crime of one-third of the country's territory in the hands of the terrorist elements and the four-year war that followed should not go unpunished, calling on current Prime Minister Adel Abdul-Mahdi to show courage and arrest all those responsible for these disasters and not to take it into account. Abadi reiterated that the government of the former president Nuri al-Maliki is the one who summoned the US forces to Iraq again, on 24/6/2014 after the entry of the terrorist group Daqash and drop it to the provinces of the country as it is documented in the United Nations documents and documents exchanged between the two countries, Strategic framework between Iraq and America. "
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