Central Bank agrees to cover bank accounts outside of Iraq to the dollar

[yota691]

Central Bank agrees to cover bank accounts outside of Iraq to the dollar

By Mohammad Emad two ten 02/01/2015 | Views: 1

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Brother - Baghdad

The Central Bank of Iraq, Sunday, agreed to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits.

The bank said in a statement released today, and received for News Agency (et) a copy of it, he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports customers and for other purposes without the need for passage of a window selling currency at the central bank, "he said, adding that he" will take control over those processes within the mechanism simple and transparent. "

He added that the bank "has approved the appointment of a representative of the private banks in the Central Bank, in addition to speed up legislation Deposit Insurance Act."

The statement pointed out that "the recommendation to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," explaining that "it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision."

[yota691]

Central Bank agrees to cover bank accounts outside of Iraq to the dollar

 

Sunday February 1, 2015 13:58

 

   

 

 

 

Alsumaria News / Baghdad 
announced that the Central Bank of Iraq, Sunday, agreed to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits. The bank said in a statement released today, and received "Alsumaria News", a copy him, he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window sell the currency at the central bank," he said, adding "It will take control over those processes within the mechanism simple and transparent."

 

The bank said it "has approved the appointment of a representative of the private banks in the Board of the Central Bank, in addition to speed up the enactment of the Deposit Insurance Law." The statement pointed out that "the recommendation to the government to accept the state's institutions of instruments issued by private banks, and also taxes and fees receipt for the benefit of government, "explaining that" it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision. " The CBI is held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, the sales either in cash or in the form of money orders sold out in exchange for a certain commission, while the banks financing the merchants in hard currency for imports.

[calrv]

Thanks Yota!

[yota691]

Central Bank agrees to cover bank accounts

 

14:26

02/01/2015

The Central Bank of Iraq, Sunday, agreed to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits.

 

The bank said in a statement issued today, he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window selling currency at the central bank, "he said, adding that he" will take control over those processes within the mechanism simple and transparent. "

 

He added that the bank "has approved the appointment of a representative of the private banks in the Central Bank, in addition to speed up legislation Deposit Insurance Act."

 

The statement pointed out that "the recommendation to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," explaining that "it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision."

[rdoncampos]

Thanks yota

[Butifldrm]

New CBI Announcment

 

( press release ) in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, the Bank took a number of decisions . 
01/02/2015

[v-star 650]

have  been to  other   forums  in resent times , and  the idea  , is  ,  that  banking laws  are  needed to be passed ,  like  the  one above ,  " depositors insurance act "   ,  but  how many  ?   the  number  I have no idea ....   but  I sure hope  they are almost  done  with  banking laws  that  would  give  the dinar international tradability ,    the  item  of  trading  for  dollars , is  encouraging  for sure , along  with  the  credit  card  deals , and  a-t-m   news  .........    we  still would  really  love  too  see  a  value  too the  dinar  , at or  around   1  too 1       keep  the   good  news  rolling  yota  buddy   

[Big_J]

GM everyone. I agree, we need a better value to the dinar. BUMP!

Edited February 1, 2015 by Big_J

[yota691]

Central Bank agrees to cover bank accounts outside of Iraq to the dollar

 

Economy    01/02/2015 14:59    0 comments    3 Views 

Iraqi Central Bank announced its approval of the coverage of bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits. The bank said in a statement issued on Sunday, said that "Consistent with our responsibility to support the process of development and stimulate the Iraqi economy has has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without having to go through a window sell the currency at the central bank, "he said, adding that he will take control over those processes within the mechanism simple and transparent." 

[moneysoon]

 

Central Bank agrees to cover bank accounts outside of Iraq to the dollar

 

Economy    01/02/2015 14:59    0 comments    3 Views 

Iraqi Central Bank announced its approval of the coverage of bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits. The bank said in a statement issued on Sunday, said that "Consistent with our responsibility to support the process of development and stimulate the Iraqi economy has has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without having to go through a window sell the currency at the central bank, "he said, adding that he will take control over those processes within the mechanism simple and transparent." Yota,

 

 

Morning Yota,

 

Good news is already pumping. Good to hear...

[Big_J]

Profound my friend. GM YOTA.

[gregp]

They opened the door. Thank you.

[Big_J]

I'm sorry, to the person who negged me, for whatever I said wrong I didn't mean it. 

[yota691]

Central rushing legislation Deposit Insurance Act and declares his coverage of the accounts in banks abroad in dollars

 

CBI

 

 

 

Author: Editor: ah reporter: ay

Number of Views: 77

 

01/02/2015 16:10

 

Tomorrow Press / Baghdad: Iraqi Central Bank, announced Sunday, for his initiation legislation Deposit Insurance Act, and covered bank accounts abroad to the US dollar. The bank said in a statement received "tomorrow Press," a copy of it, "in line with the central bank functions and responsibility to support the development process and stimulate the Iraqi economy, the Bank took a number of decisions, including speeding up legislation to ensure deposit law, and approve the appointment of a representative of the private banks in the central bank's management. " The statement added, "It also included making the approval of the Central Bank to cover bank accounts abroad to the US dollar to cover imports customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq and assume control over these operations the bank within a simplified and transparent mechanism to put the creation of capacities and capabilities plan to activate documentary credits instead of the current method and coordination with the banks in this regard. "He continued, "and came within making recommendation to government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government, and the formation of a committee to reconsider the structure of benefits, including expanding the provision of credit and liquidity. "

[trident]

My version of above events edited in English, reads well, very encouraging me thinks

 

Iraqi Central Bank said in a statement issued on Sunday, announced its approval of the coverage of bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits.

In line with our responsibilities in supporting the development and stimulate the Iraqi economy we have taken a number of decisions, including,
To accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government"

and the approval to cover bank accounts abroad without having to go through the central bank, "he said, adding that he will take control over those processes within the simple and transparent mechanism."

The CBI is held daily for the sale and purchase of foreign currencies

 

[captl1]

Well Bigj just threw you a + because negative serves no one!

[kenshin7]

This gives me a strong feeling it may come out at one to one , shabibi had mentioned at one time that the Iraqis

were used to using the dollar. so  they may come out at a  1-1 rate

[yota691]

Central Bank to take decisions to support the development and economy

SUNDAY, FEBRUARY 1, 2015 17:12 XYZ   

Twilight News CBI / announced on Sunday that he made decisions to support the development of the Iraqi economy, including the approval of the coverage of bank accounts abroad in US dollars to cover imports.

The bank said in a statement reported for "Twilight News" that "in line with the central bank's tasks and responsibilities in supporting the development of the Iraqi economy and stimulate the bank took a number of decisions, including the approval of the appointment of the special representative of the Council of the central bank's management of banks."

The bank said that among its "approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq."

The bank added that he "assume control over these operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current method and coordination with the banks in this regard."

Bank and stressed "the need to expedite the enactment of the Deposit Insurance Law, and to recommend to the government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government."

The bank pointed out that "the formation of a committee to reconsider the structure of benefits, including expanding the provision of credit and liquidity."

[Big_J]

Well Bigj just threw you a + because negative serves no one!

Thank you my friend.

[captl1]

Thank you my friend.

My pleasure! Have a Great Super Bowl Sunday!!

[Butifldrm]

 

 

Central Bank building one independent bodies in accordance with the Iraqi constitution .. Photographed by Mahmoud Raouf

Central Bank offers 5 proposals to support the economy and agrees to cover overseas banks dollar accounts

 

Author: ASJ 
Editor: RS, SHS 02.01.2015 4:52 p.m.number of readings: 134 
 

 

 

 

Long-Presse / Baghdad

Central Bank of Iraq, announced on Sunday, taking five resolutions for "support" the development of the Iraqi economy, and confirmed his agreement to cover bank accounts abroad to "US dollar" to cover imports, and while stressing the importance of "accelerating" legislation Deposit Insurance Act, hailed the formation of a committee to reconsider the restructuring benefits.

The bank said in a statement released today, and received (range Press), a copy of which was "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, the Bank took a number of decisions, including the approval of the appointment of a representative for the Council of the central bank's management of banks."

The bank said that among its "approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq."

The bank continued valuable statement, that "the bank takes control of such operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current method and coordination with the banks in this regard."

Bank and stressed "the need to expedite the enactment of the Deposit Insurance Law, and to recommend to the government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government."

The bank pointed out that "the formation of a committee to reconsider the structure of benefits, including expanding the provision of credit and liquidity."  

The Iraqi Central Bank announced last week, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate,"

The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.

 

 

http://www.almadapress.com/ar/news/43530/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%82%D8%AF%D9%85-5-%D9%85%D9%82%D8%AA%D8%B1%D8%AD%D8%A7%D8%AA-%D9%84%D8%AF%D8%B9%D9%85-%D8%A7

 

Iraqi currency in a bank

Saleh: version Rafidain Bank Mastercard step allows for retirees receive their salaries inside and outside Iraq

 

Author: BS, ZJ 
Editor: BK, BS 1.2.2015 4:48 p.m. number of readings: 155 
 

 

Long-Presse / Baghdad

Counting economic advisor to the prime minister, Haider Abadi, on Sunday, the Declaration of Rafidain Bank for issuing card "MasterCard" to its customers a step forward will contribute to the upgrading work Banking and facilitate payment of pensions inside and outside Iraq process, especially as it is common services in various countries around the world, revealing close the application of the Central Bank for a new system that provides for the possibility of depositors to withdraw their money from any bank in the country, and expands the use of credit cards of all kinds.

He said the appearance of Mohammed Saleh, said in an interview to the (long-Presse), "The Rafidain Bank issuing Master Card important factor in the development of business banking in Iraq, especially that big banks controls nearly one-third of the branches of Iraqi banks," noting that "the Bank of Iraq to the customers of retirees living inside and outside Iraq will contribute to that card to facilitate the payment of their salaries, as well as their contribution to raising the efficiency of cash payments. "

Saleh revealed, "a new project called the National divider, will be completed soon, and oversees the implementation of the Central Bank of Iraq, will make every point drag and national (anywhere Cash) common for banks all, whether Iraq or the other," returned that "it is very important to facilitate the work of banks and credit card use, which is known as Visa card. "

The Economic Adviser to the Prime Minister, that those "steps entered service in the world since the beginning of the last century," noting that "part of the banking system is issuing Visa and MasterCard and dissemination of ATM in commercial areas and government departments, universities, and others."

The Rafidain Bank, announced on Saturday (31st of January 2015), about to start issuing card "MasterCard" to its customers in its branches inside Iraq and outside, indicating that the card gives the holder the possibility of withdrawing money from his own account in any province or state exists where, for hardly need to carry around cash.

The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including the Islamic seven, as well as six foreign banks

http://www.almadapress.com/ar/news/43532/%D8%B5%D8%A7%D9%84%D8%AD-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D8%A7%D8%B3%D8%AA%D8%B1%D9%83%D8%A7%D8%B1

Edited February 1, 2015 by Butifldrm

[ronscarpa]

       

Five (5) Star Articles Yota...Thanks..! 

[MillieChatham]

Thank you! A positive move. Will now enjoy the Super Bowl.

[Texstorm]

Thanks Yota ! I am ecstatic and it won't be long now. Come on RV !         

[Wiljor]

These are the final pieces of the puzzle that need to come together to get us where we want to be. Thanks Yota and Buti, very much appreciated.