Zobaie discusses with the financial control mechanisms of the Central Bank and the defense and endowments

[yota691]

Parliamentary Finance: sell the currency in the central bank's absorption of food people and robbed their money

economy

 Since 06.01.2017 at 10:31 (Baghdad time)

Baghdad balances News

He said the parliamentary finance committee member Haitham al-Jubouri, on Thursday, that sell the currency in the central bank operation found to absorb profiteers people and robbed their money and not to develop or support the market economy.

He expressed Jubouri in a statement received / scales News / surprise of the "classification of the results of government and private banks issued by the Central Bank," noting that "the classification things were not perfect for banking something was adopted.

He added: "hath befallen us a great surprise and amazement filled with signs of exclamation and signals the question we are watching the results of classification of government and private banks issued by the Central Bank of the nature of the standards and mechanisms adopted in it, which has become up for grabs for the weak people who are living on the lapses and breathe haram money and paved the way He took some influential dependent on moods of values or satisfaction decided. "

He continued, "This is the classification of some foreign banks in Iraq, was adopted without a fair assessment which is not practiced in Iraq, only trading in the sale of foreign currency and obtaining millions of dollars a day in profits without being taken advantage of the country development movement or economic activity, or to carry out the simplest banking transactions of lending operations or deposit or credit for any Iraqi citizen, "he said, adding that it" found to absorb profiteers people and robbed their money and not to develop or support the market economy. "

Among "we are not against the principle of reward and punishment, but Bhrtha and conditions of justice in the evaluation, equal opportunities and standards of fair and that did not discern any of them, including the back," explaining that "the classification was based on things perfectionism has not been to work credit banking with something and left the staff of the mission in the work of banks." It ended 29 / d 24

[yota691]

01-06-2017 11:18 AM

Jubouri expresses surprise at the central bank's ratings for banks and confirms that things were not perfect for banking business with something adopted

 

 

 

He expressed MP Haitham al - Jubouri, on Thursday, expressed his astonishment and surprise at the results of classification of government and private banks issued by the central bank, indicating that the classification things were not perfect for banking something was adopted. 

Jubouri said in a statement, 'agency news' received a copy of it,' hath befallen us a great surprise and amazement filled with signs of exclamation and signals the question we are watching the results of classification of government and private banks issued by the Central Bank of the nature of the standards and mechanisms adopted in it, which has become up for grabs for the weak people who are living on lapses and breathe money no man 's land and paved the way for some passable influential dependent on the moods of the values or satisfaction decided. ' 

He added Jubouri 'This category , which some foreign banks in Iraq , was adopted without a fair assessment which is not practiced in Iraq , only trading in the sale of foreign currency and obtaining millions of dollars a day in profits without being taken advantage of the country development movement or economic activity , or to carry out the simplest banking transactions of lending operations or deposit or credit for any Iraqi citizen , 'he said, adding that it' found to absorb profiteers people and robbed their money and not to develop the market or support the economy. ' 

He Jubouri , 'We are not against the principle of reward and punishment, but Bhrtha and conditions of justice in the evaluation, equal opportunities and standards of fair and that did not discern any of them including the back', explaining that 'classification was based on things perfectionism has not been to work credit banking with something and left the staff of the mission in the work of banks' .

[yota691]

Central: our assessment of the banks have been in accordance with the standards in consultation with the Office of International Auditing

 

Thursday June 1, 2017 14:12

 

 

 

 

Alsumaria News / Baghdad , said the central bank, on Thursday, that were held by banks in accordance with the standards in consultation with the Office of international scrutiny, and while he is reviewing the periodic re - evaluation of banks, said allowing banks by making observations on the ratings.  The bank said in a press statement received Alsumaria News, a copy of it, " The assessment of the periodic banks operating in the country are in terms of their compliance with anti - money rules and instructions of the external conversion adopted by the Bank since the beginning of this year , according to the standards have been developed in consultation with the Office of international scrutiny laundering law."     The bank added that " the application of those standards to stimulate large banks to create configurations and the application of new rules as well as the use of international offices specialized for the development of banking procedures , " noting that " the program applied by the Central Bank has received praise from the international financial institutions to the achievements of effective high transparency in the information and data control which requires banks to be provided to promote and document conversion processes. "  He noted the bank that "the periodic review of the re - banks evaluated according to indicators of adherence to standards , " stressing that "allowed the banks by making observations on the steps of the evaluation and consideration by a committee of the highest levels in the bank and to correct any paragraph prove the bank entitlement to it."  The bank pointed out that " the work done on this subject have been placed sell the currency on the basis of legal rules and according to precise criteria from its role in strengthening oversight and supervision of the window , which Matahdt by the Bank 's board in front of the Finance Committee in the House of Representatives before the implementation of the plan, which praised the role procedures new in this regard. "  Parliamentary Economic Commission warned, on Wednesday, (June 1, 2017), the central bank to continue the policy of rating banks to varying degrees of participation in the auction currency window, calling on him to abide by the neutrality and non - discrimination between banks.

[yota691]

Surprise representative of the Central Bank of banks ratings

Number of readers: 403

 

 

Surprise representative of the Central Bank of banks ratings

 

01-06-2017 01:51 PM

 

Euphrates -

 

MP Haitham al-Jubouri expressed astonishment and surprise at the results of classification of government and private banks issued by the Central Bank indicating that the rating has not perfectionism things to work something banking was adopted.

And al-Jubouri said in a press release hath befallen us a great surprise and amazement filled with signs of exclamation and signals the question we are watching the results of classification of government and private banks issued by the Central Bank of the nature of the standards and mechanisms adopted in it, which has become up for grabs for the weak people who are living on the lapses and breathe haram money and paved road passable for some relying on the powerful moods of values or satisfaction decided, adding that the classification of some foreign banks in Iraq, was adopted without a fair assessment which is not practiced in Iraq, only trading in the sale of foreign currency and obtaining millions of dollars a day m Profits without being taken advantage of the country development movement or economic activities or to carry out the simplest banking operations of lending or deposit or credit for any Iraqi citizen, noting that it is found to absorb profiteers people and robbed their money and not to develop or support the market economy. He concluded that we are not against the principle of reward and punishment, but Bhrtha and conditions of justice in the evaluation, equal opportunities and standards of fair and that did not discern any of them, including the back, noting that the classification was based on things perfectionism has not been to work credit banking with something and left the staff of the mission in the work of banks

[yota691]

Central Bank announces the completion of the periodic evaluation of the banks

 27 minutes ago

 

 

Twilight News Central Bank of Iraq / announced on Thursday the completion of the periodic evaluation of the banks operating in the country in terms of its compliance with anti-money rules and instructions of the external conversion adopted by the Bank since the beginning of this year, according to the standards have been developed in consultation with the Office of international scrutiny laundering law.

The media office said Acer bank manager Jabbar in a press statement reported to Twilight News, said that "the application of those standards has led to a significant stimulus for banks to create configurations and the application of new rules as well as the use of specialized international offices for the development of banking procedures."

He added that "the program applied by the Central Bank has received praise from the international financial institutions to the achievements of effective control and high transparency in the information and data that requires banks to be provided to promote and document conversion processes."

He pointed to "the Central Bank regularly reviews re banks evaluated according to indicators of compliance with standards. The Bank has allowed banks by making observations on the steps of the evaluation and consideration by a committee of the highest levels in the bank and to correct any paragraph prove the bank entitlement to them."

He said the bank "performing this work have been put sell the currency on the basis of legal rules and according to precise criteria from its role in strengthening oversight and supervision of the window, which pledged by the bank's board in front of the Finance Committee in the House of Representatives before the implementation of the plan, which praised the role of new procedures in this regard. "

[yota691]

Central Bank announces the issuance of a new assessment of the banks operating in Iraq

 

 

Economy News Baghdad :  Announced the bank 's central Iraq, Thursday, accomplished assessment periodic banks operating in Iraq than through its commitment to the law of the fight against laundering money and the rules of conversion external .  Said Director of the Office Media Bank Central Iraqi Acer Jabbar, in a statement journalist received " Economy News " a copy of it,   the " Bank of the central   Iraqi completed   assessment   periodic banks operating in the country from where the extent of its commitment to the law of the fight against laundering money and the rules and instructions of the conversion external that adopted by the Bank since 1 / 1 / 2017 according to the standards have been developed in consultation with the Office of the scrutiny of an international ". He added that " the application of those standards led to stimulate large banks to create   configurations and application of the rules of new as well as the use of the offices of an international specialist for the development of procedures for banks " , referring to it " received the   program that applied by the Bank 's central praise from institutions of financial international because achieved by the control of effective and transparent high in information the data , which requires the banks provided to promote and document operations conversion . " He pointed Jabbar to the " Bank Central is reviewing periodically to re - evaluate the banks according to the indicators of compliance with standards has allowed the bank to banks by making observations on the degree of evaluation and consideration by the Committee of the highest   levels in the bank and to correct any paragraph prove entitlement to the bank it ." He added that "the achievement of this work   aimed at the development of a window selling currency on the basis and the rules of law and in accordance with the standards of minutes out of his role in strengthening the control and supervision , which is promised by the management of the bank in front of the Committee of Finance in the Council of Representatives before the implementation of the plan and which praised the role procedures new in this regard ".   Views 106   Date Added 01/06/2017 - 14:50   Last updated 01/06/2017 - 15:10   No. Content 7745

[MyLadiesDaddy]

17 minutes ago, yota691 said:

"the program applied by the Central Bank has received praise from the international financial institutions to the achievements of effective control and high transparency in the information and data that requires banks to be provided to promote and document conversion processes."

No doubt that this news will surprise A LOT of people. 

[Bama Girl]

34 minutes ago, yota691 said:

He added that "the program applied by the Central Bank has received praise from the international financial institutions to the achievements of effective control and high transparency in the information and data that requires banks to be provided to promote and document conversion processes."

He pointed to "the Central Bank regularly reviews re banks evaluated according to indicators of compliance with standards. The Bank has allowed banks by making observations on the steps of the evaluation and consideration by a committee of the highest levels in the bank and to correct any paragraph prove the bank entitlement to them."

I belived this is important to the IMF and the goal of achieving Article 8. It sounds to me that these banks are obeying the investment laws and the AML. Good news imo. 

[copper13]

FOR THE SAKE OF ALL THATS GOOD! GET THIS DONE ALREADY!!!!!

[jeepguy]

hath befallen us a great surprise and amazement filled with signs of exclamation and signals -------- hoping this is the sign we have been waiting for so we can be amazed. 😁

[Officiallytook]

 

[yota691]

Deputy central bank demands to disclose what the granting of a bank "high rating" criteria

 

Thursday June 1, 2017 19:13

 

 

 

Alsumaria News / Baghdad  student MP Haitham al - Jubouri , Thursday, the Central Bank of Iraq to disclose what the criteria under which the granting of the Bank was established few months ago , " the highest rating."  Jubouri said in a statement received, Alsumaria News, a copy of it, said that " a statement issued by the Central Bank said that international standards regarding the process has been applied to the classification of banks and in cooperation with an international auditing firm."  He called al - Jubouri, the central bank to "disclosure of what these criteria under which the Bank has been granted does not exceed the age of a few months established the highest rating, and this puts a big question marks about the credibility of the new classification adopted by the Central Bank."     Jubouri said, "knowing that the owner of the bank and chairman of the board was a few months ago a simple employee of a government department."  The central bank said on Thursday that were held by banks in accordance with the standards in consultation with the Office of international scrutiny, and while he is reviewing the periodic re - evaluation of banks, said allowing banks by making observations on the ratings.  As warned Economic Commission representative, on Wednesday, (May 31, 2017), the central bank to continue the policy of classification of banks to varying degrees of participation in the auction window of the currency, calling on him to abide by the neutrality and non - discrimination between banks.

[yota691]

 

Document: New standards of the Central Bank prohibits several banks from participating auction currency 7 hours ago Last updated 02:44 PM       BAGHDAD / Press tomorrow:  The Central Bank of Iraq, new standards for the classification of banks participating in the auction sale of the dollar as the new standards deprived banks of the "C" category of participation in the sales window which represents many Arab and Iraqi banks.   And got "Tomorrow Press" on the document issued by the Central Bank of Iraq, signed by the director of the commercial banks control department, dividing Saleh Ali, include criteria for classifying banks, depriving banks in the category "C" from participating in the sale and purchase of foreign currency window if not improved their conditions during the next review, and the banks that did not get the degree of success in compliance with the standard is not allowed to jointly sell and buy a window of foreign currency , regardless of the rest of the grades obtained.  The document states that "this assessment is only for the purpose of entering exclusively window, and will be applied to standards starting today 01/06/2017, directed banks category C the same assessment and inform the Central Bank in the case of observations affect the ratings and within five days from the day of the book ".  The Central Bank of Iraq has issued ratings for banks participating in the auction according to the standards of a number of the most prominent of the volume of deposits, compliance and anti - money laundering, as the banks rating to (B and B + and C) did not get any bank on rating (A).  It is noteworthy that the seed banks category "C" is the Middle East and Africa banks, Beirut and the Arab countries, Iraq 's commercial, Islamic country, the Islamic National, United Investment, Byblos, Erbil, Mediterranean, Kurdistan, north, Warka, Zain Iraq, the economy, investment , guidance, the Iraqi Union.

[yota691]

Central Bank announces the issuance of a new assessment of the banks operating in Iraq

 

 

Economy News Baghdad :  Announced the bank 's central Iraq, Thursday, accomplished assessment periodic banks operating in Iraq than through its commitment to the law of the fight against laundering money and the rules of conversion external .  Said Director of the Office Media Bank Central Iraqi Acer Jabbar, in a statement journalist received " Economy News " a copy of it,   the " Bank of the central   Iraqi completed   assessment   periodic banks operating in the country from where the extent of its commitment to the law of the fight against laundering money and the rules and instructions of the conversion external that adopted by the Bank since 1 / 1 / 2017 according to the standards have been developed in consultation with the Office of the scrutiny of an international ". He added that " the application of those standards led to stimulate large banks to create   configurations and application of the rules of new as well as the use of the offices of an international specialist for the development of procedures for banks " , referring to it " received the   program that applied by the Bank 's central praise from institutions of financial international because achieved by the control of effective and transparent high in information the data , which requires the banks provided to promote and document operations conversion . " He pointed Jabbar to the " Bank Central is reviewing periodically to re - evaluate the banks according to the indicators of compliance with standards has allowed the bank to banks by making observations on the degree of evaluation and consideration by the Committee of the highest   levels in the bank and to correct any paragraph prove entitlement to the bank it ." He added that "the achievement of this work   aimed at the development of a window selling currency on the basis and the rules of law and in accordance with the standards of minutes out of his role in strengthening the control and supervision , which is promised by the management of the bank in front of the Committee of Finance in the Council of Representatives before the implementation of the plan and which praised the role procedures new in this regard ".   Views 667   Date Added 01/06/2017 - 14:50   Last updated 01/06/2017 - 22:30   No. Content 7745

[ChuckFinley]

Thanks Yota, things moving in the right direction.  

[endeavor1]

As a snail, so is Babylon. As a Turtle, so is Iraq.

[SnowGlobe7]

why prohibit some banks from participating?

what am I missing??

[Jaygo]

26 minutes ago, SnowGlobe7 said:

why prohibit some banks from participating?

what am I missing??

You don't follow the rules you get cut!

[skeetdog]

Thanks Yota...Raising the bar on accountability to an international level...Looks like Iraq wants to put on their "Big-Boy" pants and play in the big leagues....

[ChuckFinley]

1 hour ago, endeavor1 said:

As a snail, so is Babylon. As a Turtle, so is Iraq.

Hang in there, you have the makings of our celebration meal. Escargot and Turtle Soup. 

[MyLadiesDaddy]

16 minutes ago, ChuckFinley said:

Hang in there, you have the makings of our celebration meal. Escargot and Turtle Soup. 

Well I once ate teriyaki monkey meat on a stick in the Philippines thanks to a whole bunch of Mogo. 

And I've eaten elephant steak in Kenya Africa, but that required a whole lot of green beer.    

But I can only think of only one thing that would be like eating snails or turtles  and that ain't gonna happen, unless you get me blacked out. 

[Gypsygirl11]

11 hours ago, copper13 said:

FOR THE SAKE OF ALL THATS GOOD! GET THIS DONE ALREADY!!!!!

AMEN !!!

 

Thanks for the articles Yota.

[NoviceInvestor]

3 minutes ago, Gypsygirl11 said:

AMEN !!!

 

Thanks for the articles Yota.

Amen ...Amen i say too ...

[gregp]

Thanks yota. Chapter VIII is so close!! 

[yota691]

International institutions and experts express their support for the mechanisms of central bank buying and selling currency

 

Friday June 2, 2017 13:09

 

 

 

Alsumaria News / Baghdad  crossed several points in international institutions and economists Iraqis expressed their interest and support as approved by the Central Bank of Iraq from the controls for the sale and purchase of foreign currency mechanisms.  Those authorities considered that the recent instructions of the Central Bank have involved passing standards for personal judgment was built on the basis of scientific excellence among banks according to their performance and commitment to the basics of compliance and in the forefront of the fight against money laundering and the financing of terrorism and to provide liquidity and contribute to the development.     They expected those entities that contribute to compliance with controls placed in raising the level of performance of banks as they beat competitiveness among banks in compliance with the concepts and upgrading its controls levels.  A large delegation from the Central Bank of Iraq and other Iraqi institutions involved in meetings with experts of the International Monetary Fund to prepare a review of the credit agreement and that the bank is making progress in meeting the requirements of the Convention, including the drafting of an ideal instructions to sell the dollar.