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The central bank issues a decision to cover the market need of small monetary categories Economie 2019-09-23 | 3 o'clock 8,051 views The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups. The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new paper for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation." He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines." It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate. https://www.alsumaria.tv/news/اقتصاد/319277/البنك-المركزي-يصدر-قرارا-لتغطية-حاجة-السوق-من-الفئ

Al-Mashat: Monetary policy in Iraq is managed by three elements you know? Economy | 12:54 - 27/08/2019 Baghdad - Mawazine News Chairman of the Board of Directors of the Arab Mashreq Bank Sadiq al-Mashat, Tuesday, "The Central Bank of Iraq is a government institution exercising its functions within the legislative framework of the state, and has its own specificity in the implementation of independent decisions of monetary policy and achieve price stability, which must be consistent with policy the general economic state. he Mashat said in a statement, said that " the role of the central bank is issued currency and managed by a state bank and its agent and financial advisor , a fund in which the state holds its monetary and financial savings , " adding that " the Central last resort for lending Controller to regulate credit and portfolio on the soundness of the financial position of the banks as the banks ' bank. " He added: "If there is some kind of overlap or lack of clarity in any of the powers of all parties concerned, it should not be reflected in the stability of the general level of prices and the exchange rate of the national currency against other foreign currencies, and the commodity side of the national economy." He pointed out that "monetary policy in Iraq is managed by three elements, two of which are under the direct disposal of the central currency auction, and interest rates on the dinar produced through the operations of the Central Bank, which is represented by the use of interest rate signal (central bank rate)." He continued: "The third factor is the volume of foreign currency flows realized from Iraqi oil exports subject to fluctuations in crude prices in world markets, which in turn paint the features of public spending." https://www.mawazin.net/Details.aspx?jimare=62104

Specialized: minted coins serve internal business transactions Monday, August 26, 2019 93 Emad Emirate Baghdad / Mustafa Al - Hashimi There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country. Strategic Plan Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading "The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said. Financial support for the national economy. " Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions. "Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency." Delete the zeros Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of hyperinflation seen in many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into Economy". Al-Ghalbi added that "the central bank is constrained by the existing cash in the process of replacement, but foreign trade will not be affected as the price of exports will remain the same unchanged, as well as import payments are not affected because foreign exchange is in foreign currency versus domestic, which remains unchanged because The purchasing power of a currency do not change". Multiple benefits "Changing currency and deleting zeros brings multiple benefits," said Al-Ghalbi. Public". He said that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially Accountants. " Monetary deception Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by people with a large number of zeros that are pushing towards generating inflationary pressures. Of inflation Untamed. " He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash. http://alsabaah.iq/13192/مختصان-النقود-المسكوكة-تخدم-التعاملات-التجاري-ة-الداخلي-ة

What's the use of coins at the moment .. Economy | 08:10 - 20/08/2019 BAGHDAD - Mawazine News commented member of the Iraqi Economic Council Sadiq al - Mashat, on the statements of the Parliamentary Finance Committee on the Iraqi government 's quest to re - work coins. Al-Mashat said in a statement received (Mawazine News) a copy, that "the Iraqi government going at the moment to re-work coins is not positive because the financial developments in most countries of the world go to electronic currencies," indicating that "the work of electronic currencies in Iraq has been in great demand during Past few years. " He added: "More useful to the state is to reduce the use of currencies in general and urged the Iraqi consumer to pay electronically," indicating that "this measure provides the state the value of minting coins and the value of printing paper currency." Al-Mashat called through the statement to "the importance of working in electronic currency rather than return to cash and metal," noting that "electronic currency can include small cash categories from one fils to one dinar and thus numbers upward for small cash categories." Al-Mashat said, "The banknotes will disappear after 30 years because of the high demand for electronic currency." The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy. " https://www.mawazin.net/Details.aspx?jimare=61023

Guide to re-work coin Economy | 09:19 - 19/08/2019 BAGHDAD - Mawazine News A member of the Finance Committee Hanin al-Qadu, Monday, that the use of metal categories and sent down for circulation gives a notional value of the currency. "During meetings and discussions with Central Bank officials, we stressed the need to re-operate the coins that have been used in Iraq over the past decades, rather than the paper that is being destroyed," al-Qadu said. He added that "the use of metal categories and their descent for circulation gives a notional value to the currency," noting that "a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to ask for more papers." Cash, especially in small categories. " Al-Qadu expressed his surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market." https://www.mawazin.net/Details.aspx?jimare=60712

Central Bank's safe investment policies have boosted confidence in the Iraqi economy Articles Samir Nusairi A source at the central bank said foreign reserves amounted to $ 72 billion, and would rise to $ 86 billion when the Ministry of Finance takes advantage of the rise in oil prices and the payment of $ 14 billion to the Central Bank, which represent the sad transfers that the central bank during the period of financial crisis, which suffered Including Iraq, which constituted direct support to the State Treasury and the national economy in the near future when the country was unable to pay the salaries of state employees at the time of the Minister of Finance at the time. Which has had a significant impact in achieving economic steadfastness and thus financial victory in complex circumstances. That the observer and specialist is well aware that access to this rate of foreign reserves is the Central Bank to follow the safe investment policies, which strengthened the international credit position and restore confidence in the Iraqi economy and international banking relations. Underscoring the safety and success of the Bank 's strategy for the years (2016 - 2020 ) achieved .ho achievements in financing activity and activate the initiative to finance small and medium enterprises and raise the ceiling on loans to one billion dinars for each project within the objectives of theinitiative in activating the economic cycle and support the implementation of the objectives of the government curriculum in the fourth axis ( Strengthening the economy) to achieve the goal of development banks as the goal of development. In addition to this, the Bank is working on direct Islamic financing for public and private banks. In addition, the expansion of the implementation of community initiatives from the Tamkeen Fund is an effective national experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. Babylonian monuments on the World Heritage List. The clear evidence that can never be covered is the continuation and maintenance of the exchange rate stability over two years and maintaining the inflation rate of less than 2%. Thus, the Central Bank has been able to achieve its objectives in its Law No. 56 of 2004, On the stability of the exchange rate. And is now vigorously and effectively pursuing the objectives of strengthening the economy and banks for development. Views 116 Date Added 06/07/2019 http://economy-news.net/content.php?id=17151

Masoudi: Security Council pressed Iraq and waved back to Chapter VII The deputy of the Alliance of " Saaron " Riad Masoudi, the scenes of the issuance of Diwani order to organize the popular mobilization, noting that the members of the UN Security Council told the government to make tough decisions to regulate the work of security forces. "The visit of the UN Security Council delegation to Iraq and his meeting with the three presidencies were motivated by Western countries, especially the United States and the European Union," Massoudi told a news briefing. "The UN Security Council delegation informed Iraq of new changes in the security and political system and not to be dragged into the axis of Iran and stop attacks against Western interests," he said, adding that the delegation informed the government that if an urgent decision is not made, Against Iraq, including the return to the seventh item and the withdrawal of oil companies and even impose some sanctions . " Masoudi said: "Abdul-Mahdi issued a decree Diwani immediately after the visit, to organize the work of the crowd and integration with the armed forces to ensure the survival of oil companies in Iraq and keep diplomatic missions." https://www.thebaghdadpost.com/ar/Story/172952/%D8%A7%D9%84%D9%85%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A7%D9%85%D9%86-%D8%B6%D8%BA%D8%B7-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%88%D9%84%D9%88%D8%AD-%D8%A8%D8%A7%D8%B9%D8%A7%D8%AF%D8%AA%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%84%D9%81%D8%B5%D9%84-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9

"SAP" launches an investment strategy in Iraq and opens an office in the capital"SA 2019/07/03 SAB launches an investment strategy in Iraq and opens an office in the capital Financial and administrative agent for the Iraqi Ministry of Communications: Digital transformation is a key pillar in the vision of the country and 8% growth in GDP until 2020 Administrative and Financial Agent for the Iraqi Ministry of Communications: Achieving the national transition according to Vision 2030 requires the government to have the ability to immediately see information in all institutions and at all levels € 16.6 billion EU-Iraq bilateral trade ... Digital innovation is one of the most important areas The Iraqi Sectors in SAPNOW offers best practices in digitizing government, oil, gas and banks, as well as training and empowering young people with the "Digital Skills Today" Today, the Iraqi Ministry of Communications and the German Ambassador to Iraq and the International Advanced Technology Corporation (SAB) have confirmed that the country's digital transformation is a key pillar of the diversified economic growth and job creation in Iraq's Vision 2030, GDP growth of eight percent by 2020, during a major event on the future of digitization in the country and the gathering of senior officials from both sides. The real GDP growth in Iraq is expected to double by about three times to 8.1 percent in 2020, especially due to the increase in diversified economic growth, according to a recent report by the World Bank, with the progress made by the government in implementing the Vision 2030 and success Investment in reconstruction. Dr. Karim Mazal Shabi, the administrative and financial agent of the Ministry of Communications, pointed out that achieving the goals of digital transformation in the National Vision 2030 requires the existence of a government "with the ability to immediately see data and information in each ministry and at any level of government," stressing that " Public-private partnerships, such as the government partnership with SAP, can provide government digital services that can make the government more predictable and responsive to citizens' needs, and enable them to reach higher levels of diversified economic growth and job creation for young people. " The EU is Iraq's second largest trade partner. Bilateral trade between the two sides reached 16.6 billion euros in 2017, according to a recent report by the European Commission, indicating the strong trade opportunities available to both sides. For his part, Ambassador of the Federal Republic of Germany to Iraq Cyril Nen said that German companies have long been "a strong trading partner of Iraq and an important player in the economic growth of the country," adding that the new SAP strategy to invest in the country and the office opened by the company Are an important milestone in the partnership that will enhance the exchange of knowledge, experience and best practices between the Iraqi government and German companies to support transformation and reconstruction within the 2030 National Vision. " SAB has announced a long-term investment plan in Iraq and the opening of its first office in Baghdad, in support of the country's digital transformation. Under these investments, the company will showcase global best practice in supporting digitization in the public sector, oil and gas, banking and financial services, as well as promoting job creation and professional development for young people. SAP's Cities of the Future program supports the building of Smart Cities and Smart Governments in these three key sectors. More than 3,300 oil and gas customers and more than 14,100 customers from the banking sector, together with up to 140 million accounts, Banker all over the world. "The government, oil and gas sectors and the banking and financial sector in Iraq have strong opportunities to drive the country's diverse economic growth," said Hassan Saleh, CEO of SAB Iraq. "Our investment plan and our first office in Baghdad from the main completion stations of our company in the Republic, especially in support of the main industrial sectors and the creation of jobs. SAP's technology experts, customers, distribution channels and academic partners participating in the SABNOW event held in Baghdad demonstrated how cloud technologies can help companies become more efficient, predictable and competitive. The speakers at the event addressed best practices in following a road map to implement any digital transformation program. They also addressed the "Hanna" platform of SAP for in-memory computing, the S / 4HANA business application suite, , And held specialized sessions that discussed technical issues of interest to the public sector, oil and gas sectors and digital banking services. Saleh added that the great turnout at SABNOW is a "historic moment for the company in the country." He explained how smart use of data, technology and digital tools can fuel the next generation of smart companies in the country. The Iraqi government can become more effective, and companies in the oil and gas sector can provide their customers with a more sustainable card, while digital banks can enrich the experiences of dealers. " On the other hand, SAB's "Digital Skills Today" initiative, which aims to support youth development, has seen great success in empowering young people, refugees and minorities in conflict areas in Iraq and some countries in the Middle East through training and job opportunities in various Technical fields. SAB, Injaz and the Ritz have trained 1,081 young people and more than 120 have successfully participated in intensive training camps on programming. Over the next few months, the SAP Training and Development Institute and next-gen Next-Gen are looking at opportunities to partner with Iraqi educational institutions in order to strengthen the future workforce. You can visit the SAP News Center for updates and follow the company's news on Twitter via @sapnews and @SAPMENA . https://www.shafaaq.com/ar/اقتصـاد/sap-تطلق-استراتيجية-استثمار-في-العراق-وتفتتح-مكتبا-في-العاصمة/

The devaluation of foreign currency sales at the central bank auction 03/07/2019 Information / Baghdad .. The Central Bank of Iraq, its sales of the currency on Wednesday, indicating that the exchange rate amounted to 1190 dinars per dollar. The value of foreign currency sales at Wednesday's auction fell to 179.58 million dollars, compared with Tuesday's sales of 188.86 million dollars, down 9.28 million dollars, the bank said in a statement received. He added that "the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 29 banks," explaining that "the sales executed are the results of the day on Thursday." He pointed out that "the total sales total amounted to 195.68 million dollars," noting that "the volume of funds sold to strengthen the bank balances abroad amounted to 179.09 million dollars, while the total cash sold 480 thousand dollars." Finished 25 s https://www.almaalomah.com/2019/07/03/415559/

Deputy: Parliament votes on the new governor of the Central Bank and 7 degrees today 02/07/2019 BAGHDAD - The representative of the Fatah Alliance Amer al-Fayez, on Tuesday, the House of Representatives received the curricula vitae of candidates for 8 degrees, where he is scheduled to vote on them, while confirmed that the candidate of Prime Minister Abdul Mahdi for the post of governor of the Central Bank will also gain confidence. Al-Fayez said in a statement to the "Information" / "The Presidency of the Council of Representatives received the names of 8 candidates with their curricula vitae to fill eight grades, especially the central governor of the central." He added that "the political agreement and according to the agenda provides for the passage of candidates during the session today," noting that "the parliament will also discuss the validity of the membership of some of the deputies as well." Ending / 25 d https://www.almaalomah.com/2019/07/02/415233/

Did the Security Council delegation discuss lifting Iraq from Chapter VII? 09:48 - 30/06/2019 Information / Baghdad .. Advisor to the President of the Republic Sherwan al-Waeli, Sunday, that the delegation of the Security Council, which visited Baghdad yesterday did not discuss the issue of lifting Iraq from Chapter VII. "The delegation of the Security Council did not discuss with the President of the Republic the issue of lifting Iraq from Chapter VII, yes, this may be discussed with the Prime Minister Adel Abdul Mahdi, "Waeli said in a statement to the newspaper "Middle East" and briefed him . He added that "the subject of the seventh item does not discuss perhaps in this hurry, especially that the meeting is of a political nature, and lifting the remaining restrictions on Iraq in the seventh item needs to technical committees specialized, and there are many details in that, IraqCame out of most of the provisions of Chapter VII and left them with regard to the issue of Kuwaiti compensation, has asked the latter to postpone the subject earlier. Waeli pointed out that "all members of the Security Council delegation were keen on solidarity and declare stand with Iraq and spare it the repercussions of what may happen in the region of new problems, and did not escape the tension between Tehran and Washington from the meeting, and stressed the need to return Iraq and strongly to the international fold like any stable country "He said.Ending / 25 https://www.almaalomah.com/2019/06/30/414767/

Economy 22 hours ago Notes on the Public Debt Law in force Dr.. Haidar Hussein Al - Tohma The Iraqi parliament voted at the end of last May on the new Financial Management Act 2019, and despite the time spent by the Finance Committee in revising and amending this law, the legislator law has many weaknesses and conflicts with the government program of the government of Adel Abdul Mahdi. Here we do not want to delve into the weaknesses of the new law in the hope of discussing this in another article, but we focus on the negligence of the Financial Management Act 2019 legislator of a new law on public debt. It was hoped that the law would include provisions and provisions governing public debt levels and mechanisms to extinguish the accumulated debt in order to achieve financial sustainability in the country. Due to the repeated borrowing from the accumulation of public debt rates steadily, leaving the premiums and benefits became exhausting the federal budget, as the payments of public debt (internal and external) the duty to repay more than (10) trillion dinars, as stated in Article (2) Of the federal budget law for this year, a difficult figure will inevitably be at the expense of the efforts of construction and reconstruction and economic development in Iraq. Currently, total public debt exceeds $ 130 billion ($ 41 billion in outstanding debt) and nearly $ 65 billion in external debt, and the remaining $ 36 billion in domestic debt estimated to reach 2018. Article 52 of the new law provided for the repeal of the Financial Management and Public Debt Law issued under CPA Order No. 95 of 2004, with the exception of Appendix B of the Public Debt Law. Which means the continuation of the previous and effective public debt law. Here are several observations: 1. The Finance Management Act (94) of 2004 gives the Minister of Finance considerable powers in public borrowing. 2. The law does not refer to the maximum ratios of public debt, and the new financial management law has indicated a maximum deficit ratio of 3% of GDP. 3 - Most of the details contained in the law are technical and have no economic or financial dimensions. 4 - There is no reference to external debt and mechanisms to deal with. 5. There is no reference to government debt from international institutions and mechanisms to deal with them (IMF and World Bank). 6 - There is no reference to the debts of the provinces and regions and the mechanism of payment, which is a problem between the Center and the region. 7. The law does not refer to the accumulated debt and the mechanisms for dealing with it, nor does it include a fund to pay the public debt. In light of these observations, and many other technical details, a number of factors oblige the House of Representatives to accelerate the enactment of a new law to manage the public debt, perhaps the most important: 1. The fragile financial situation and the accumulated debts necessitate a review of the structure and content of the effective debt management law to ensure financial sustainability. 2 - There is no justification for the adoption of a new law of financial management devoid of the law of public debt, although the latter part of the first. 3 - The text of the fourth axis / first / paragraph (9) in the government program of Mr. Adel Abdul Mahdi (2018-2022) on the control of internal and external debt. This paragraph is one of the most important paragraphs of the axis of strengthening the economy because of its repercussions on the economic and financial situation in Iraq in the medium and long term, and stipulated: ((control of internal and external debt and prevent exceeding certain levels, and linking the internal debt and external investment projects and generated values and wealth and non-use For the consumer or operational purposes of the budget), while the new Financial Management Law did not include any reference to the achievement of the said objective from near or far. 4. Article 20, paragraph 2, of the new Financial Management Act refers to the deposit of the financial surplus realized in a sovereign fund, which necessitates the establishment of a sovereign fund whose branch may be allocated to pay the accumulated public debt. * Researcher at Al-Furat Center for Development and Strategic Studies / 2004-Ⓒ2019 www.fcdrs.com https://annabaa.org/arabic/economicarticles/19754

A letter open to the Prime Minister of Iraq, his people and his economy first Articles Samir Nusairi Peace, mercy and blessings of God Two days ago, in the media and social media, there is a change in the leadership positions of the private agencies. On the basis of what is specified in Article 8 e in the Budget Law 2019 that the 2019/6/30 date for the termination of proxy positions for all the leading positions in the Iraqi government. I believe that the application of this article transparently and without prior political intentions means that the competent authorities in the government and in the House of Representatives reassess those who hold these positions by adopting important and fundamental criteria that begin first and foremost from a analytical and analytical view of the results of the work of the official in the post. And what he and his team was able to achieve from the national achievements and have a direct impact on achieving the central objectives of the previous and current government within the hubs of its government programs approved by the House of Representatives. In order to be clear and specific and direct and in the best interest of Iraq and its national economy. He called on Dr. Adel Abdul Mahdi, the Prime Minister of the distinguished. He is an economist who knows all the areas of success and failure in the Iraqi economy and who are the symbols of success who have achieved economic steadfastness and to take steady steps to achieve economic stability during the years Previous. What concerns us here is the role played by the Central Bank of Iraq and its achievements and bright points during the lean years (2015-2019), in which Iraq suffered from economic and security shocks and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to the economic steadfastness And decisive victory over terrorism because military victory can not be achieved without steadfastness and economic support. Therefore, through the review, analysis and evaluation neutrality and transparency of the Iraqi economic situation and in particular is achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts and evidence and signals and achievements confirm that the Central Bank of Iraq proved to be the economic institution through its important achievements in supporting the economy National economic resilience and strive to accomplish economic stability, according to the main objectives of the strategy and sub-working side -by- side and fruitful cooperation with the special representative of the Iraqi Association of banks of the banking sector and this is what really achieved as it contributed to the The victory over terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq a key role and leading in achieving. The most important of which is the support of the state treasury, the stability of the exchange rate, the recovery of the Iraqi dinar, the reduction of inflation and the maintenance of its share of less than (2%). And to maintain a 160% cash reserve as a cumulative accumulator in accordance with the latest IMF standard with gold reserves within an excellent record rate. The third is the Arab and the 37th globally, in addition to its adoption of standards and controls that comply with the requirements of international standards of compliance and Kavhh money laundering and terrorism financing and liquidation of up to 700 international Note registered on the Iraqi banking system and our exit from the area of monitoring and follow-up according to the Financial Action Task Force (FATF (and strict adherence to achieving basic goals And the activation and consolidation of new visions for the applications of monetary policy and the important thing achieved is the stability of the exchange rate and reduce the gap between the official price of the US dollar and the parallel price, which is a key objective of monetary policy and the implementation of the policies of re-trust banking transactions with Iraqi banks and Arab and foreign banks and seeking to build a solid banking sector and continuing To make extraordinary efforts to improve the banking reputation of international financial institutions and organizations and correspondent banks. And building strong relations with Arab and foreign central banks and international financial organizations. The Security Council's invitation to the Governor of the Central Bank in his rare event to present the achievements in the field of combating money laundering and financing of terrorism. The procedural, regulatory, Which aims at achieving financial stability and developing the banking business technically, structurally and organizationally, and raising the percentage of financial coverage to the target percentage, where he prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and banking mechanisms, which formed a solid base on the domestic and abroad. All these achievements have prompted the Arab bank governors to elect the Governor of the Central Bank as the current governor of the Arab Monetary Fund and as the chairman of their board in the next session, a vivid embodiment of Iraq's economy recovering from its crises and that is a tribute to the Iraqi people and its economic, financial and banking institutions. The Prime Minister is required to implement Article 58 in the budget of 2019 in accordance with transparency and respect for the principle of public service in the service of society and to be honored the achievement of national economic achievements and they are on the agency's site and install and motivate them to complete the triumphant march in the service of Iraq and its people and economy. With appreciation Views 50 Date Added 28/06/2019 http://economy-news.net/content.php?id=17061

Document: including the governor of the Central Bank .. Abdul Mahdi sends the names of candidates for special positions to Parliament 27/06/2019 Baghdad Mawazine News Prime Minister Adel Abdul Mahdi, the names of candidates for positions of special grades, including the Governor of the Central Bank to the House of Representatives after the approval of the Council of Ministers. And obtained / Mawazin News /, a document issued by Abdul-Mahdi and addressed to the parliament, which included that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank, and Salah Nuri Khalaf for the post of Chief of the Office of Financial Supervision, and Mohamed Abdel-Mahdi Mohamed Taqi Hakim for the post of adviser to the Prime Minister, Hassan Nema for the post of Undersecretary of the Ministry of Oil, Hamid Younis Saleh Zobaie for the post of Undersecretary of the Ministry of Oil, and Adel Karim Kak Ahmed for the post of Undersecretary of the Ministry of Industry. https://www.mawazin.net/Details.aspx?jimare=52695

THE ECONOMISTS ASSOCIATION ACCUSES SOME OF THE EMPLOYEES OF THE RASHID AND RAFIDAIN BANKS OF FORGERY AND CIRCUMVENTING LAWS Wednesday, 26 June 2019 Baghdad / National Information Center (NNC) The deputy chairman of the Iraqi Economists Association in the name of Jameel, said Wednesday that some employees of the Bank of rational and Rafidain deliberately fraud in banking transactions and circumventing banking laws. Jamil said in a statement to the NNC that "fighting corruption needs an integrated approach, and government banks need to apply electronic governance and transparency in banking work and eliminate red tape and bureaucracy and facilitate the matter to citizens and reduce the complexities, including the urgency in the loan and the health of the breasts, Citizen to resort to irregular methods. " He added that "some employees in the bank Rashid and Rafidin deliberately fraud in banking transactions and circumvent the laws," noting that "the solution of this problem by the government, and it must come to the right person in the right place through the competencies in government banks." The Iraqi banking sector suffers from the low level of services provided, due to the absence of effective activities for the development of this sector for years. In addition, the security and political conditions contributed to the deterioration of the economic situation and affected by the result of that banking sector. https://nnciraq.com/9834/