Modernizing Iraq's Banking System

[hammer911]

Apr 19, 2011

Today the U.S. Chamber’s Iraq Business Initiative hosted Dr. Sinan Al-Shabibi, Iraq’s central bank governor for a briefing at which he discussed Iraq’s fiscal and economic stability and progress that has been made to strengthen the country’s financial sector since 2003.

While stability in Iraq and the broader Middle East region is generally discussed in the context of politics and security, Dr. Shabibi instead underscored the important work of Iraq’s central bank to shore up stability through financial reform and modernization.

Dr. Shabibi emphasized that while it is not the role of the central bank to finance individual projects, it is committed to ensuring an environment conducive to foreign direct investment through a stable currency and competitive, market based exchange rates. He stressed the imperative of foreign investment from the private sector driving Iraq’s critical reconstruction and development.

The U.S. Chamber’s Iraq Business Initiative looks forward to working with Dr. Shabibi in the weeks, months, and years to come. We thank him for taking time out of his busy schedule to meet with us here today.

http://www.freeenterprise.com/2011/04/modernizing-iraqs-banking-system/

[Rabbi]

This article is dated 2011. Old news!

[jackback]

Apr 19, 2011

Today the U.S. Chamber’s Iraq Business Initiative hosted Dr. Sinan Al-Shabibi, Iraq’s central bank governor for a briefing at which he discussed Iraq’s fiscal and economic stability and progress that has been made to strengthen the country’s financial sector since 2003.

While stability in Iraq and the broader Middle East region is generally discussed in the context of politics and security, Dr. Shabibi instead underscored the important work of Iraq’s central bank to shore up stability through financial reform and modernization.

Dr. Shabibi emphasized that while it is not the role of the central bank to finance individual projects, it is committed to ensuring an environment conducive to foreign direct investment through a stable currency and competitive, market based exchange rates. He stressed the imperative of foreign investment from the private sector driving Iraq’s critical reconstruction and development.

The U.S. Chamber’s Iraq Business Initiative looks forward to working with Dr. Shabibi in the weeks, months, and years to come. We thank him for taking time out of his busy schedule to meet with us here today.

http://www.freeenterprise.com/2011/04/modernizing-iraqs-banking-system/

Yeah,

Here's what he's going to say "Tomorrow". Very good stuff, by the way. Whoever filmed this and brought this to the dinar community should win some kind of award...

[hammer911]

Sorry guys... I didnt look at the date...my bad!!!!!

[jonjon]

Iraq Finance Minister Briefing

Date Event:April 15, 2011

The U.S.-Iraq Business Initiative will be hosting Iraq's Finance Minister Baqir Jabr Al-Zubeidi to brief members.

link

U.S. - Iraq Business Initiative Briefing with Dr. Sinan Al-Shabibi

Date Event: April 19, 2011Herman Lay Room

U.S. Chamber of Commerce

1615 H St, NW

Washington, DC, 20062

10:45 AM - 12:30 PM

Briefing from the Central Bank Governor of Iraq to members of the business community on Iraq's finance sector.

link

Read more:

[WorkerBee]

It's ok that it's older, it's still relevant. Iraq has to establish policies on an international level and they have got to get compliant! Remember the article the other day that came out about the dealers selling money and the need for the banks to know the customer? It's all about due diligence. They can't have clients who are laundering money. If they want to be a part of the international banking community they will have to adhere to it's rules.