Central: We will launch currency bonds by March

[yota691]

02/27/2016 20:08

Central: We will launch currency bonds by March

 

 

 

BAGHDAD / obelisk: detecting the central bank on Saturday announced the launch of the sale of government bonds through next March, while calling for the integration of private banks to reduce their number to match the actual need for stressing the importance of an auction sale of foreign currency to maintain the stability of the dinar exchange rate. 

This came during a speech the central bank governor on the Keywords in a seminar hosted by the Strategic Policy Institute, in Baghdad, attended by local media and I followed 'obelisk',

The governor of the central bank, said that 'the central bank's strategy for the years 2016- 2020 will witness a qualitative leap', noting that 'the proportion of Iraqis who use the banking system as it is ambitious amounting to only ten percent. "

He pointed Keywords, for 'launch of its first government bonds traded through next March', returned to 'auction of foreign currency is not a waste of public money or smuggled to him.'

He warned the Keywords, of 'restrictions on the sale of foreign operation mode', noting that it 'will lead to the lifting of the dollar's exchange rate against the dinar.'

He said that 'there are more than fifty banks in Iraq, a significant number', calling for a 'private banks merging to reduce their number in proportion to the actual need.'

And between, that 'the banks that granted leave recent establishment will not enter sell the currency effect only after years and the investigation of the practice of business and real banking', pointing out that 'the central bank obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees. "

He acknowledged the Keywords, B'ugod many problems in banks when retrieving loans from citizens', noting that 'the loan guarantees are given real estate, and when delayed or beneficiary refuses to repay the resort to book estates come up against the intervention of the clans that prevent it.'

He pledged that 'the bank restores all amounts deposited by citizens in the Rafidain and Rasheed bank branches and seized by the terrorist organization Daash in Nineveh province after its liberation.'

The Governor of the Central Bank and the agency, said in the 15th of February 2016 for the current Bank to sell bonds to the public torque worth seven trillion dinars during the current year.

 

[Jaygo]

Me likey

[Officiallytook]

Hurry up ehh

[Jasmine21]

Is this another "translation opposite off what is meant"? Because lifting the dollars exchange rate against the Dinar is not what I want to see. I want to see the Dinar lift to the dollar. I'm hoping that's what they're trying to say.

[Flash101]

Jasmine its more like Bass Ackwards, Raise it Down, Lower it Up ETC.

 

101

[calkid11]

Thank you Yota

[sandfly]

THANKS

[Boozer]

By March of what year. 2 days left in Feb. Lets see what  happens

[yota691]

The central bank called government bonds in March

Wrote: February 28, 2016

Governor of the Central Bank on the Keywords detect the launch of the sale of government bonds through next March

Keywords and said in a press statement that "the central bank's strategy for the years 2016- 2020 will witness a qualitative leap," noting that "the percentage of Iraqis who use the banking system as it is ambitious amounting to only ten percent."

Keywords revealed, for the "launch the first government bonds traded through next March," returned to "the auction of foreign currency is not a waste of public money or smuggled to him."

On the other hand Keywords acknowledged, as "there are many problems in banks when retrieving loans of citizens," noting that "the loan guarantees are given real estate, and when delayed or beneficiary refuses to repay the resort to book estates come up against the intervention of the clans that prevent it."

l

 

Keywords: dollar auction is important to maintain the stability of the dinar and does not constitute a waste of public money

Wrote: February 28, 2016

The governor of the Iraqi Central Bank on the Keywords, the importance of an auction of foreign currency sale to maintain the stability of the dinar exchange rate and that it "does not constitute a waste of public money or smuggling him," warning that "restrictions on the sale of the foreign operation," noting that it "will lead to the lifting of dollar exchange rate against the dinar. "

He said the central bank governor said in a statement that "the banks that granted the license recently will not enter sell the currency effect only after years and the investigation of the practice and commercial banking, real," pointing out that "the Central Bank is obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees "

Keywords saw, that "the presence of more than fifty banks in Iraq, a large number," calling for "the integration of the private banks to reduce their number in proportion to the actual need."

[yota691]

Keywords: We will launch currency bonds during March and committed to returning citizens funds

 

    BAGHDAD / Economy News ...

 

The governor of the Iraqi Central Bank and the Agency, on the Keywords, on Saturday, on the importance of an auction of foreign currency sale to maintain the stability of the dinar exchange rate and that it "does not constitute a waste of public money or smuggled to him," While the detection of the launch of the sale of government bonds through next March, called to integrate the private banks to reduce their number to match the actual need, and pledged to return the amounts deposited by citizens in the bank branches of the Rafidain and Rasheed Nineveh and seized (Daash) after the liberation of the province.

Came through it during the post Keywords in a seminar hosted by the Institute (strategic policies), today, at his headquarters in central Baghdad, said Governor of the Central Bank and the agency, said that "the central bank's strategy for the years 2016-2020 will witness a qualitative leap," noting that "the Iraqis ratio who use the banking system as it is an ambitious amount of ten percent only. "

Keywords revealed, for the "launch the first government bonds traded through next March," returned "The auction sale of foreign currency is not a waste of public money or smuggled to him."

He warned the governor, of "restrictions on the sale of the foreign operation," noting that it "will lead to the lifting of the dollar's exchange rate against the dinar."

Keywords saw, that "the presence of more than fifty banks in Iraq, a large number," calling for "the integration of the private banks to reduce their number in proportion to the actual need."

 

 

 

  Views 13   Date Added 02/28/2016 - 9:19   last updated 02/28/2016 - 12:29   No. Content 2237

[yota691]

Keywords: our ultimate goal of financial stability

 

 

         

2/28/2016 0:00 

 BAGHDAD - Hussein al - Tamimi Tgb Shokran Fatlawi 
confirmed d. On the Keywords that the Central Bank is working to be the first institution in Iraq , using the best technologies and regulations governing the work of the banking sector. 
He added Keywords Speaking on the sidelines of a seminar of the Institute of progress for Development Studies addressed the strategic central bank: the strategy launched by the Central recently , were the first in the history of Iraq in terms of content and method of preparation, as the first plan went through all the stages that require going through the plan, noting that he will be an active and a real role on the ground it has been adopted for implementation and follow - up mechanisms. Central functions he said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, pointing out that they were built according to the preamble to the central bank law aimed at price stability and achieving sustainable development. He noted that the strategy includes five goals quoted the central focus on monetary policy to other aspects, pointing to cooperate with the Iraqi private banks association to foster awareness and education campaign targeting the Iraqi street , the importance of banking transactions.  Mehdi al - Hafez said in his welcoming speech to the need to look at the subject of Alstrtejah launched by the Central Bank for five years and announced the Keywords, referring to it is rich in substance go banking work in the right direction in the future. a positive step , in turn , said Ali Tariq , executive director of the Association of private banks in Iraq: that the launch of the strategy at this time is a positive step task will determine the vision of the Iraqi Central Bank, in addition to the central plans towards the banking sector, noting to contained many points aimed at the development of the banking private sector, pointing to the willingness of the Association to cooperate in the paragraphs that need to be combined private banking efforts with the Central Bank of the application.  Tariq said that many of the important things that have been neglected previously gave the central bank 's priority in Strutijeth this is an issue task, noting that this approach expands the horizons of cooperation between the central and private banks in order to achieve economic viability of Iraq.  defining roles returned Governor of the Central Bank says that among the strategic objectives of financial stability where we read on the challenges facing this side and we seek to put her plan in collaboration with several views and defining roles and establishing a basis for the evaluation of assets is an important financial institutions and their role in the face of financial crises. calendar banks on the subject of censorship , he said: it is an important aspect of the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects, warning of the importance of protect the financial system , where it is exposed to crimes such as money laundering, referring to the exceptional effort in the preparation of money based laundering law on the basis of international standards to be acceptable at the international level.  sell the currency Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «dollar» to control on dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life, referring to the quest to develop the financial sector and small and medium-sized projects that we will have an integrated legal framework, as well as work to stimulate Islamic banking field , which is expanding in Iraq. He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House, pointing to the continuing efforts to develop a universal banking system , which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.

[yota691]

 

 

Keywords confirms start selling government bonds next March

Keywords: We will launch currency bonds during March and committed to returning citizens funds seized by (Daash)

 

Author: HH, MJ 
Editor: BK, HH 02.27.2016 17:41 Number of Views: 1248 

 

Long-Presse / Baghdad

The governor of the Iraqi Central Bank and the Agency, on the Keywords, on Saturday, on the importance of an auction of foreign currency sale to maintain the stability of the dinar exchange rate and that it "does not constitute a waste of public money or smuggled to him," While the detection of the launch of the sale of government bonds through next March, vowed return of the amounts deposited by citizens in the bank branches of the Rafidain and Rasheed Nineveh and seized (Daash) after the liberation of the province.

It came through it during the post Keywords in a seminar hosted by the Institute (strategic policy), today, at his headquarters in central Baghdad, and attended (range Press).

The governor of the central bank and the agency, said that "the central bank's strategy for the years 2016- 2020 will witness a qualitative leap," noting that "the percentage of Iraqis who use the banking system as it is ambitious amounting to only ten percent."

Keywords revealed, for the "launch the first government bonds traded through next March," returned to "the auction of foreign currency is not a waste of public money or smuggled to him."

He warned the governor, of "restrictions on the sale of the foreign operation," noting that it "will lead to the lifting of the dollar's exchange rate against the dinar."

Keywords saw, that "the presence of more than fifty banks in Iraq, a large number," calling for "the integration of the private banks to reduce their number in proportion to the actual need."

He said the central bank governor and the agency, that "the banks that granted leave recent establishment will not enter sell the currency effect only after years and the investigation of the practice and commercial banking, real," pointing out that "the Central Bank is obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees" .

Keywords acknowledged, as "there are many problems in banks when retrieving loans of citizens," noting that "the loan guarantees are given real estate, and when delayed or beneficiary refuses to repay the resort to book estates come up against the intervention of the clans that prevent it."

He pledged the central bank governor and the agency, that "the Bank restores all amounts deposited by citizens in the Rafidain and Rasheed bank branches and seized by the terrorist organization Daash in Nineveh province, its center of Mosul (405 km north of Baghdad), after its liberation."

The Governor of the Central Bank and the Agency, announced, (the 15th of February, the current 2016) the determination of the bank to sell bonds to the public worth seven trillion dinars during the current year.

 

 

[jeepguy]

sure  hope   they do not  give  every one out side of Iraq  who holds dinar ,  land for the dinar !   I for one , do not  really need  sand , or palm trees  ...    

[yota691]

sure  hope   they do not  give  every one out side of Iraq  who holds dinar ,  land for the dinar !   I for one , do not  really need  sand , or palm trees  ...    

It's called Collateral for the loans as the article states....

pointing out that "the Central Bank is obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees" .

 

[jeepguy]

mmmmmm     if  they are going to get  the money stole  by  dash , why would  they need  loans (  the  folks  this is  kind of pointing  too ? )   and  again  they are  pushing  bonds ,    should not be long  and  we  will see ----  funds  from  world bank loan   tied in some how !     < -----  might  be  from  the reporters  view  though 

thanks  yota 

[vomer]

In the coming soons.

[Laid Back]

Are this bonds in dollars or dinars?

Could be this part of the new monetary reform?

Looks like the CBI is trying to push people to open bank accounts.

[yota691]

Products: We expect the banking sector wide initiatives to ensure the success of the donors' conference

 

   

 

Economy News / Baghdad ... 

The governor of the Iraqi Central Bank on the Keywords Doralqtaa the importance of banking in support of efforts to ensure the success of Matmralamanhan for the reconstruction of areas affected by terrorism Alorteurakdh Jordan next April 

He expressed the hope that the wide participation of the sector to be in this national action to be an important point in his record holds all meanings benevolent.

He pointed out that heavy load withholds him but his family, so we expect the banking sector initiatives in this area, 

 This came during a meeting of the Central Bank of Iraq on Sunday at its headquarters in Baghdad in the presence of Director General of directors of operations and debt management, Dr. Mahmoud Dagher and head of the Iraqi private banks association Wadih Handal and other senior officials in the Iraqi private banks.  

 

Pointing out that we are up to date with preparations for the conference, both at the local level through the committee in charge of this task and headed by Abdul Basit Turki or through international organizations, noting that Almatmariamthel opportunity that will contribute to the creation of a state Astaqrarvi ours / we are in need in this particular circumstance /.

Governor of the Central Bank predicted to be participating in the conference to be held the Dead Sea area on 16 and April 17 and wide

Turning to the accusations directed to private banks, stressing that it needs a strong media image shows public opinion and lawyers who are competent to be able to address them before the judicial authorities.

He stressed that the central bank Keywords clear position regarding the auction sell the currency, pointing out that he had held meetings with the Financial and Economic Committee in the House of Representatives and with other official bodies to clarify this issue.

Turning the central bank governor to the reasons for defamation and accusations faced by the banking sector in general campaign, especially Maitalq window sell the currency, explaining that at the forefront of these reasons, the absence of public banking culture on the work of banks and the nature of the functions of the central bank Mai_khas sale Atarbalmat 

 He called on the governor of the central bank to take the media role in educating people the functions of the banking sector in general, adding that the response to the attack easy if it is made by specialists, because they understand easily and reality of the situation, while a Alammerassaba when it comes by others Aimitlkon culture of banking.

Portfolios of private banks generally urged not to give a chance to attack it by closing loopholes and full compliance with the instructions of the Central Bank and Turkazaaly not be the sale Atarhdva for speculative process.

He called Association of private banks that have this subject in the forefront of their concerns in this particular circumstances. 

 

For his part, called on the head of the Iraqi private banks association Wadih Handal to increase support for the central bank to the banking sector to be able to contribute to any national action, also stressed the support of private banks to the efforts of the central bank in Ataraltaaon and Tazizalthagh mutual between the two sides.

And Acharalhandal to private banks association initiative setting up a legal committee to be the voice of the banks before the judicial authorities and to pay the accusations directed to it by legal means. 

And he stressed the importance of Alldoralansana played by private banks toward our people displaced explaining that liberalization Salahuddin and Anbarmen terrorism would contribute to reassure the capital that our country Asaraly the road to recovery, especially after the start of preparations for the Liberation of Nineveh province.

He called Handal boards of directors of banks and more effective humanitarian contributions, and assign Matmralamanhan Alorteurakdh Jordan next April.

He explained the importance of the success of the conference going efforts to encourage two-way first human side and the second search States and international organizations to provide support for its capacity of Iraq to restore Aamaralamdn decimated by terror

On the nature of the relationship between the central bank and the private banks between Handal they dominated the language of trust and mutual understanding / This is important in the face of challenges that include everyone /. 

is over

Views 8   Date Added 02/28/2016 - 21:09   Last updated 02/28/2016 - 20:19   No. Content 2255

[Boozer]

last day to get it done.. I dont see it happing this week or next..

Edited February 29, 2016 by Boozer

[Freedomwish]

last day to get it done.. I dont see it happing this week or next..

 

Nope......but we're still keeping the faith though!! 

[Big_J]

:praying:

[Boozer]

has to be done as stated by IMF

[Big_J]

GM YOTA AND DV.

[Candy01]

I am praying TOO Big_J!!