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The Financial Operations Of: Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering 


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http://economy-news.net/content.php?id=12973 Economy News Baghdad:

 
An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government.
 
The source, who preferred not to be named for "economy News", said that "the program of credit readiness, which earned Iraq a loan of 5.4 billion dollars from the International Monetary Fund stopped until the formation of the next government," adding that "Iraq will begin after the resumption of the program The third review of the Iraqi economy by the International Monetary Fund.He pointed out that "the International Monetary Fund criticized some of the actions carried out by the government during the past years and the latest delay in the House of Representatives in the adoption of the draft budget law for the year 2018 because of political differences."
Edited by 6ly410
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  • yota691 changed the title to Iraq Is Respected By International Financial Institutions

BAGHDAD - 
Iraq's relations with international financial institutions in general are stable and Iraq is respected by most of these institutions as well as the World Bank and the International Monetary Fund (IMF). 

"The SBA and the International Monetary Fund (IMF) signed in July 2016 are almost suspended because of the elections and the start of a new parliament," Saleh said in an interview with the Iraqi News Agency (INA). "Initial consultations will resume with the IMF within the next two months." 
He added that "there is continuous communication in the implementation of the World Bank's programs, both in the area of financial management or support for stability in liberated areas and others, as well as with the United Nations, especially the UNDP in the fight against corruption and other issues."
Saleh said that "Iraq seeks to find a new economic identity through the rapprochement between the state capital and the capital of the country in generating a joint investment momentum capable of moving the arm of public production."

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On 7/24/2018 at 3:06 AM, King Bean said:

Cutting off the 'cash cow'. Even the IMF is getting tired of these fools. Setting the stage for the next parliament and the budget process, too. Come on Iraq, get your sh!t together. ;)

 

Too bad the IMF didn’t cut these idiots off a while back: everyone might be allot further down the road. $$$$$ & grabbing all they can is what drives these fools. With the Tap shut off it may force their hand to actually do what needs to be done. . . Guess we’ll see Soon enough.

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"The SBA and the International Monetary Fund (IMF) signed in July 2016 are almost suspended because of the elections and the start of a new parliament," Saleh said in an interview with the Iraqi News Agency (INA). "Initial consultations will resume with the IMF within the next two month"

 

This statement make me think that we will have to wait till the end of the IMF - SBA in 2019 to see the real market value of the dinar.

 

jmho.

 

 

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5 hours ago, 10 YEARS LATER said:

2019 here we come folks-for some of this will be 16 years waiting. IMHO.

 

These greedy, corrupt and in general, Mutant Screw Heads could AND did manage to-successfully screw up a wet dream. That’s REAL talent-IMHO.

 

Back to Day Trading. 

I hear you 10 years later.  These protests are worrisome also.  Will not take much to push Iraq into civil war or a coupe.  Its not good. You and I along with alot of people have seen better days for Iraq. Even when Maliki was PM things were not this bad.  Hope they can escape this but it sure feels like they are on a downward spiral. 

 

and nothing wrong with day trading as long as you make the right picks LOL  

 

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5 hours ago, SocalDinar said:

I hear you 10 years later.  These protests are worrisome also.  Will not take much to push Iraq into civil war or a coupe.  Its not good. You and I along with alot of people have seen better days for Iraq. Even when Maliki was PM things were not this bad.  Hope they can escape this but it sure feels like they are on a downward spiral. 

 

and nothing wrong with day trading as long as you make the right picks LOL  

 

 

Indeed - " the right picks " ;) No doubt Iran still wants to be a major influence in Iraq. They're more than just a bit ticked off seeing that influence ebbing away. Hence, The disruptive behavior we see now.

 

I'm hoping Iran's plan backfire on them to the extent that the majority of Iraqis see Iran as the Puppet Master that must be turned away for good for things to get right in Iraq . . . dare to dream BIG, huh. 

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Financial Operations for (INA): lift all the barriers imposed on the Central Bank of Iraq following the procedures against money laundering
In 26.07.2018


Hussein Mohamed Fayhan _bgdad
The Iraqi Central Bank revealed that its actions against the smuggling of currency, money laundering and terrorist financing operations received praise from the international financial organizations and the International Monetary Fund, which urged it to lift all the barriers that were previously imposed on Iraq.

Said the financial director of operations and debt management at the Iraqi Central Bank, Dr. Mohammed Dagher in a special statement to the Iraqi News (INA) said Thursday that the US dollar exchange rate against the Iraqi dinar is witnessing stability in the past months, the six, denying what some of the media reported a growing demand for buy the dollar during the current year, smuggled to some neighboring countries, pointing out that during the month of June, the dollar sales in the Central Bank of Iraq fell to the monthly half sales for the months preceding April and March and February, also underlined the low dollar sales in the first half of a M 2018 to the current one-third of last year's sales of 2017.

 

http://ina.iq/archives/51297

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  • yota691 changed the title to The Financial Operations Of: Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering 

 Hussein Mohammed Al-Faihan _ Baghdad

The Central Bank of Iraq revealed that its measures against currency smuggling, money laundering and terrorism financing have been praised by the international financial organizations and the International Monetary Fund, calling for lifting all barriers previously imposed on Iraq.

The director of financial operations and debt management at the Central Bank of Iraq, Dr. Mohammad Dagher told the Iraqi News Agency (INA) on Thursday that the exchange rate of the US dollar against the Iraqi dinar is stable for the past six months, denying what some media reported an increase in demand for Buying the dollar during the current year, to smuggle to some neighboring countries, noting that during the month of June, the sales of the dollar in the Central Bank of Iraq to half of the monthly sales for the months preceding the April, March and February, and also reduced the dollar sales in the first half of the year M in 2018 to a third of sales last year 2017.

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"The Central Bank of Iraq revealed that its measures against currency smuggling, money laundering and terrorism financing have been praised by the international financial organizations and the International Monetary Fund, calling for lifting all barriers previously imposed on Iraq."

 

Calling for the lifting of Art8 to move to an open market economy.

 

Go CBI

Go new monetary policy

Go open market economy

Go RV

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Abadi spokesman:  continue to return smuggled money and assets from abroad

09:44 – 27/07/2018

Information / Special

 

A spokesman for Prime Minister Haider al-Abadi’s office Saad al-Hadithi said on Friday that the government is continuing its work to recover money smuggled by corrupt officials as well as financial assets in international banks .

 

Al-Hadithi said in a statement to Al-Maaloumah that “the government is seeking to recover all the Iraqi funds that are in the international banks, whether under the former regime or in the current period .”

 

“There has been ongoing work and discussions since last years with governments of countries with financial assets to Iraq before 2003, ” he said.

 

“The government is also seeking to recover the money smuggled by corrupt officials, where there is cooperation from Interpol and the World Bank in terms of money smuggled and money laundering,” he said. End 25 n

 

http://www.almaalomah.com/2018/07/27/329589/

Edited by Floridian
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24 minutes ago, Floridian said:

Hopefully, Iraq will move to Article VIII now that the IMF has lifted all barriers.

After that, the price of the currency should go up.  😊

 

 

“ in the near future “ I expect. They’ll repeatedly talk about this for a while ( like everything else ). Perhaps the 1st quarter of 2019 might be appropriate. But as much as I like Magic Tricks I’m hoping for a “ RV Rabbit outta the Hat 🎩 “ “ in the coming days “

 

Theyre gonna have to at some point-folks is downright perturbed 😤 and stuff.

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friend shared this to me, no link though

 

The opening of the first representative office of an Iraqi bank in Dubai
Banks
Baghdad

The International Development Bank (IDB) announced today the opening of its representative office in Dubai, UAE, as "the first office of a private Iraqi bank in the UAE."


In a statement received by Al-Iktissad News, a copy of which was received by Ziad Khalaf, the bank's representative office in Dubai was attended by Deputy Governor of the Central Bank of Iraq Munther Abdulqader Al-Shaikhli and Iraqi Consul in Dubai Hussein Ali Al-Azzawi and Executive Director The Association of Iraqi Private Banks Ali Tariq and the representative of the DMCC free zone in Dubai Christa Fox, representatives of the company MasterCard and Visa Card, and a number of economic figures of the UAE and Iraq, "indicating that this was"


The statement added that "the International Development Bank, which was founded in 2011 and won several awards, the last of which the Union of Arab banks, is considered the best bank to provide electronic services," noting that "the first private Iraqi bank to open a representative office in the United Arab Emirates" .


"The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq, and in line with the requirements of the next phase which will witness a significant expansion in the banking deal between the International Development Bank And the companies of the world, "explaining that his bank" chose Dubai as it is an important trade center in the Middle East and includes more than 15 thousand different international companies, and it is necessary to encourage this investment in Iraq, which will contribute to the development of the Iraqi economy and reduce the rates of unemployment and poverty and raise the welfare of the Iraqi people " .


"The International Development Bank has a strategic plan for its work, which initially included the introduction of the best global technologies in its work, and now headed to the opening of two representative offices in Beirut and Dubai, and will open an executive office in Europe during the coming period, specifically in Greece, The opening of representative offices of the bank will facilitate the process of trade between Iraq and the countries of the world. "


The statement pointed out that "the financial statements of the International Development Bank showed that its profits increased during the second quarter of this year by 7.84%, on an annual basis," pointing out that "the capital of the International Development Bank of 250 billion dinars, and ranked first among Iraqi banks, Has ATMs, with more than 300 devices spread throughout Iraq in addition to having a large network of correspondent banks.

Edited by newbieDA
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117988.jpg?width=750&&height=375

 
2018/07/27 19:50
  • Number of readings 35
  • Section: Iraq
  •  

The opening of the first representative office of a private Iraqi bank in Dubai

 

 

The Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, opened on Friday July 27, 2018, the representative office of the Bank in the Emirate of Dubai in the presence of Iraqi and Emirati economic figures. 

The opening comes after the Bank has been subject to all due diligence procedures by the Central Bank of the United Arab Emirates and in view of the bank's Iraqi bank's financial solvency and control procedures, under which the final approval of the UAE side has been granted the opening of the representative office.

The International Development Bank, which was established in 2011 and received many awards, most recently from the Union of Arab Banks as the best Iraqi bank to provide electronic services, and the first private Iraqi bank to open a representative office in the United Arab Emirates. 

The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq, and in line with the requirements of the next phase, which will witness a major expansion in the banking deal between the bank International development and world companies ".

He stressed that "the International Development Bank chose Dubai as it is an important trade center in the Middle East and includes more than 15 thousand different international companies and it is necessary to encourage this investment in Iraq, which will contribute to the development of the Iraqi economy and reduce the rates of unemployment and poverty and raise the welfare of the Iraqi people."

He pointed out that "the International Development Bank has a strategic plan for its work, which included the introduction of the best global technology in its work, and now headed to the opening of two representative offices in Beirut and Dubai and will open an executive office in Europe during the coming period, specifically in Greece, Representative offices of the International Development Bank will facilitate the process of trade between Iraq and the countries of the world. " 

The opening ceremony was attended by Deputy Governor of the Central Bank of Iraq, Munther Abdulqader Al Sheikli, Iraqi Consul in Dubai Hussein Ali Al Azzawi, DMCC Representative in Dubai Christa Fox, representatives of MasterCard, Visa and Card, UAE and Iraq.

Follow the obelisk

http://almasalah.com/ar/news/145320/إفتتاح-أول-مكتب-تمثيلي-لمصرف-عراقي-خاص-في-دبي

 

 
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The opening of the first representative office of a private Iraqi bank in Dubai

19:42 - 27/07/2018
 
  
37791981_1011304519042548_66829406369428

Information / Baghdad ..

The International Development Bank of Iraq has opened its representative office in Dubai, UAE, after being subject to all due diligence procedures by the UAE Central Bank.

"The Chairman of the Board of Directors Ziad Khalaf Abdul has opened the representative office of the International Development Bank in Dubai in the presence of Iraqi and Emirati economic figures after the bank has been subject to all due diligence procedures by the Central Bank of UAE and in view of what it owns," the bank said in a statement. The Bank has a financial position and regulatory procedures under which the final approval from the UAE side has been granted the opening of the representative office. "

He added that "the International Development Bank, which was founded in 2011 is the first private Iraqi bank to obtain a license opens a representative office in the United Arab Emirates."

"The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq and comes in line with the requirements of the next phase which will see a significant expansion in the banking deal between the International Development Bank and the world's companies," Khalaf said at the opening ceremony.

He stressed that "the International Development Bank chose Dubai as it is an important commercial center in the Middle East and includes more than 15 thousand different international companies and it is necessary to encourage this investment in Iraq, which will contribute to the development of the Iraqi economy and reduce the rates of unemployment and poverty and raise the welfare of the Iraqi people.

He pointed out that "the International Development Bank has a strategic plan for its work, which included the introduction of the best global technology in its work, and now headed to the opening of two representative offices in Beirut and Dubai and will open an executive office in Europe during the coming period, specifically in the country of Greece," explaining that " Representative of the International Development Bank will facilitate the process of trade between Iraq and the countries of the world.

" Finished

http://www.almaalomah.com/2018/07/27/329708/

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The Central Bank announces the lifting of all global barriers imposed

 

 

   
 

 
001.jpg

28/7/2018 12:00 am 

Al-Hadithi: continue to return money smuggled from abroad 
Baghdad / conscious / morning 

The Central Bank of Iraq revealed that its measures against currency smuggling, money laundering and terrorism financing have been praised by international financial organizations and the International Monetary Fund, calling for lifting all barriers previously imposed on Iraq.
The director of financial operations and debt management at the Central Bank of Iraq Mohammad Dagher told the Iraqi News Agency (INA): "The exchange rate of the US dollar against the Iraqi dinar is stable for the past six months," denying what some media reported an increase in demand to buy the dollar During the current year to smuggle to some neighboring countries, noting that «in the month of June, sales of the dollar in the Central Bank of Iraq to half of monthly sales for the months preceding (April, March and February)», also confirming the decline in sales of the dollar in the first half of this year 2018 to w Last year's sales of 2017. 
Saad al-Hadithi, a spokesman for Prime Minister Haidar al-Abadi's media office, confirmed that the government is continuing its work to recover the smuggled money, in addition to the financial assets found in international banks.
Al-Hadithi said in a press statement: "The government is seeking to recover all the Iraqi funds that are in the international banks, both under the former regime and in the current period." He added that "there has been ongoing work and discussions since last years with governments of countries with financial assets for Iraq before 2003 "He explained that« the government is also seeking to recover money smuggled by corrupt officials, where there is cooperation between Interpol and the World Bank in terms of money smuggled and money laundering ».



http://www.alsabaah.iq/ArticleShow.aspx?ID=160715
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