Monetary Policy Harvest (2016-2019)

[Laid Back]

2 hours ago, 6ly410 said:

That is exactly what they are doing right now..(imo) they are going International haha cheers bro it’s a fun ride 

You’re right my friend.!

They are getting ready to goi international.

Cheers 😊

[yota691]

The word is right ... you should say

 

Samir Nusairi

Articles Samir Nusairi Central banks in the countries of the world are mainly aimed at achieving monetary and financial stability through their programs and strategy aimed at maintaining stability in the exchange of their local currencies against other foreign currencies and building foreign reserves in accordance with international standards issued by the International Monetary Fund. Economic and political shocks in their countries, controlling stable rates of inflation and interest rates, implementing compliance regulations and rules, combating money laundering and financing terrorism. And the strict adherence to international financial and banking standards has proved the march of the Central Bank of Iraq during the past four years that it is progressing steadily to achieve the above goals and all this spoke by the Governor of the Central Bank during the hosting and members of the Board of Directors of the Bank by the Iraqi Council of Representatives and prove that the exit of Iraq from the monitoring area And follow-up to the regular follow-up area every two years like the rest of the banks of the world according to the FATF. As well as honoring the Central Bank of the person of the best conservative Arab in 2018 and occupy a global position ahead of the annual report for the year 2018 of the American magazine specialized and recognized the assessments and ratings World International Finance This is reflected in the efforts exerted by the Central Bank and the Association of Banks and Banks to restore international banking relations with correspondent banks. And improved Iraq's credit rating. In order for the economic analysis to be accurate and non-radical to the reality of financial stability in Iraq and to overcome this important stage and give the opportunity to Mr. Prime Minister Dr. Adel Abdul-Mahdi to complete his cabinet to begin implementing the ambitious government approach and to meet the challenges of international economic changes and effects (US sanctions imposed on Iran ) And the political and the re-examination of the budget of 2019 was required to be looked forward to support the steps of the Central Bank during the financial and security shocks, which contributed to the strengthening of the state treasury by 16 trillion dinars to In order to support the economic steadfastness of Iraq in the face of urging and pay the salaries of employees and the entitlements of contractors and farmers and maintain the political system from the collapse of the circumstances under the circumstances of Iraq.. So that expectations are not taken in an extreme and create a state of confusion and confusion in the public. And to thwart shady media campaigns led by some satellite channels and channels of social communication known trends, purposes and objectives . From an economic and analytical perspective of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank and the availability of foreign reserves at an average and for determining the adequacy to cover the cash mass in circulation and to cover imports according to the standards of the International Monetary Fund as the foreign reserve is fully insured and occupies Iraq is ranked third in the Arab world and is currently more than 61 billion dollars and grows day after day and will be up to $ 76 billion in the case of the return of the government for the amounts of support provided by the bank in the difficult circumstances of the past, especially after the rise Therefore, we must preserve our national economic cadres and assess their good efforts in the service of Iraq and its people. I call upon representatives of the people and our national media to support our national economy and refute campaigns of disinformation.. Economic and banking consultant Views 128   Date Added 11/15/2018

[yota691]

Iraqi Vision for Public-Private Partnerships (2018-2022)

 

Samir Nusairi

Articles Samir Nusairi For two consecutive days on 15 and 16 November, the annual Arab Banking Conference of 2018 was held in Beirut under the theme "Public-Private Partnership to Achieve Sustainable Development Goals". The conference discussed the experiences of some Arab countries involved in activating the partnership between the public and private sectors in achieving successful experiences in achieving financial inclusion and empowering women and youth. It was reached through the discussions of the conference's axes and sessions that the Arab countries suffer from the non-activation of the laws of the legislative environment and the institutional building. The realization of the goals of sustainable development and the real partnership between the public and private sectors are coordinated and inter-connected between the public and private sectors, banking, civil society, international organizations, universities and research centers. I have formed visions and proposals to activate the partnership in Iraq in the light of the dialogues of the conference and research, which presented the data and the methodology of the government of the cabin of Dr. Adel Abdul-Mahdi for the years (2018-2022) and what actually contributes to the development of As a nation in below: - In order to achieve this, there must be a clear role and a decree program to involve the private sector in the management of the economy and economic and development decision-making. This is achieved through the rebuilding of the institutional and legal structure of the private sector in the legislative, motivational and procedural aspects in a manner consistent with the objectives of the government program The private sector for the years (2014-2030) launched by the government in February 2015, to start these programs immediately, the establishment of mechanisms to involve the private sector in the national economic decision-making, in particular the development of the private banking sector and the completion of construction of Tin and sober and restore confidence to deal with him and to attract the monetary mass compacta outside the banking system, which constitute up to 77% of the monetary mass in circulation according to a comprehensive look to stimulate in all production sectors, including mainly in agriculture, industry and construction (housing and construction), energy, services and tourism, and adopt the government and the representations sector (2018-2022) already years of support and activation and development of the private sector . Institutional building of the private sector : In order to achieve this, the government must first establish a higher council for the development of the private sector consisting of representatives of the private sector and the government. It will manage, supervise, review and evaluate the programs and policies set for making the decisions required to achieve the central economic goals through partnership and cooperation between the private and public sectors. The Council shall be represented in the opinion bodies of the ministries concerned with sustainable development. Its chairman shall be an active member. He shall attend all meetings of the Council of Ministers to express opinion in private sector discussions. The private sector shall also be represented in follow up committees and specialized committees in the Council of Ministers. Private as the primary responsible for financing and lending to SMEs and housing and reconstruction projects . Therefore, I see that the stage and experience that Iraq has been living economically since 2003 needs an analytical and evaluative pause and review in order to build its national economy according to a new strategic vision to move to a market economy according to a program prepared by the government and approved by the Iraqi Council of Representatives. Which highlights the role of the private sector and the role of banks in development, which emphasizes the need to apply important stages towards building a strategy for the development of the economy and support and development of the private sector to take its role in contributing to the new construction of the economy and diversify its resources to the budget without relying penny Great on Oil . In order to discuss and study the economic reality that Iraq is going through, it is necessary to stand up with logical, scientific and economic analysis on the most important axes that require finding solutions and solutions to the challenges and charting a roadmap for the implementation of the strategy of developing the private sector by the government and the private sector in all its banking, industrial, agricultural and service sectors. Develop trends that meet medium, long and long term goals. This means involving the private sector in a larger role In economic decision-making and market leadership through the following : Partnership Vision (2018-2022 ) 1 - Contribute to improve the business environment in Iraq and provide an encouraging investment climate to attract national capital. And promote public-private partnerships 2. Contribute to the creation of a new legislative environment based on its reference to article 25 of the permanent constitution and strategies and laws for economic reform and development of the private sector to ensure its activation and leadership of the market in the future. 3. Sustain and activate partnership, dialogue and cooperation between the private sector and the government through activating the partnership law, which has not been implemented for several years 4. Contribute to the development of policies, mechanisms and strategies and participate in the follow-up of their implementation to resolve the transition to stages programmed time to market economy 5. Work to provide additional sources of funding to the state budget by adopting the development and diversification of resources towards increasing the proportion of resources other than oil in GDP 6. Encouraging the establishment and development of micro, small and medium enterprises to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose, issuing a special law for these projects and establishing a sovereign fund for youth empowerment. 7. Cooperation in ensuring the implementation of central plans in providing infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism, mineral wealth, energy and services 8 - Activate the role of specialized banks and private banks to provide soft loans to the national private sector as well as finding solutions to the problems of taxes and accrued interest of the owners of projects suspended production and the development of short and medium - term financial policy 9. Coordination and cooperation with the ministries and financial and statistical institutions involved in building a financial and statistical information base and ensuring transparency 10. Active participation with the government in the implementation of procedures to restructure public companies and facilitate partnerships with the private sector 11. Contribute to ensure quality standards for local and imported products and services 12 - Cooperation and contribute with relevant institutions in the rehabilitation and training ofspecialized human resources in the sector Acial.13- encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to speed up legislative amendments to achieve this goal Advisor to the Association of Iraqi Private Banks Views 30   Date Added 16/11/2018

[yota691]

Why mix papers? The central bank is targeted

 

Economic Adviser Samir Nusairi

Articles Samir Nusairi At the time that our people are looking to complete the cabinet cabin for Prime Minister Dr. Adel Abdul Mahdi for the purpose of direct government to implement its government program, which outlines the road map to provide services and meet the basic needs of the people and the elimination of financial and administrative corruption, making the accused corruption and those well known by the people who stole the money of Iraq To raise a whirlwind sinking seven billion dinars in 2013 in the safe of the Rafidain Bank has been mixing the papers and directed charges to the Central Bank and try to undermine his administration and his portfolio on the real estate and they are not responsible for the sinking of the money. The reason is to turn the attention away from corruption and real spoilers and draw attention to the central bank, which has achieved great achievements at the local and international level, which explained by the governor in detail last week when he was hosted in the House of Representatives. The other objective is to privatize the subject and to divide the administrations that have played a distinguished role in supporting the national economy and protecting the economic and banking system from the collapse of the circumstances under which Iraq is going to face the economic and security shocks and the construction of international financial and banking relations and the transition of financial and monetary works from the 20th century to the one century Twenty. In order to minimize the rights of state cadres responsible for the management of monetary policy applications and who have achieved qualitative achievements locally and internationally, we include below the administrative, technical and technical developments carried out by the Central Bank in the Iraqi banking sector under the responsibility of the current administration of the Central Bank of Iraq. According to the following: Developments in the Iraqi Banking Sector (2015-2018) I. Commitment and action in accordance with the regulations issued by the Central Bank of Iraq regarding the combating of money laundering and terrorism financing derived from FATF recommendations and in light of the principles derived from the Anti-Money Laundering Law No. 39 of 2015. II - Compliance with regulatory instructions that have been developed by theCentral Bank in collaboration with MiTAC Center of the International Fund and make them live up to international standards and the requirements of the Basel - III . Third: The transition in the preparation of final and interim statements to international standards ( IFRS ), which ensures transparency of data and dealing with it by all parties responsible for financial reporting. Fourth: To encourage and stimulate the processes of financial inclusion and the attempt to increase its proportion in Iraq through the adoption of the project to settle salaries is a step to reduce the use of cash and the direction of growth of the non-monetary society. V. Work on the implementation of the plans of the Central Bank to revitalize the economic cycle and achieve economic stability and increase bank financing granted to small and medium enterprises. Sixth: The use of all methods and procedures required to be approved to verify the sources of funds of applicants for the purchase of foreign currency for the purpose of preserving the foreign currency from the detrimental behavior of the national economy. 7. Take the necessary measures to adopt the risk criteria and adopt a precautionary policy to contribute to the perception of risks and then to take appropriate measures to address any risk. Eighth: Adoption of the unified banking number ( IBAN ) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally. IX Establishment of a deposit guarantee company to maintain the insurance of customers' deposits in circumstances that expose banks to financial collapses, which is a state of reassurance among customers to go to deal with the banking system. X. Commitment and action In accordance with the policies and procedures of the Governance Guide, which provides for transparency, disclosure and separation of management from ownership. * Economic and banking consultant Views 81   Date Added 11/19/2018

[6ly410]

Why mix papers? The central bank is targeted

 

Economic Adviser Samir Nusairi

Articles Samir Nusairi At the time that our people are looking to complete the cabinet cabin for Prime Minister Dr. Adel Abdul Mahdi for the purpose of direct government to implement its government program, which outlines the road map to provide services and meet the basic needs of the people and the elimination of financial and administrative corruption, making the accused corruption and those well known by the people who stole the money of Iraq To raise a whirlwind sinking seven billion dinars in 2013 in the safe of the Rafidain Bank has been mixing the papers and directed charges to the Central Bank and try to undermine his administration and his portfolio on the real estate and they are not responsible for the sinking of the money. The reason is to turn the attention away from corruption and real spoilers and draw attention to the central bank, which has achieved great achievements at the local and international level, which explained by the governor in detail last week when he was hosted in the House of Representatives. The other objective is to privatize the subject and to divide the administrations that have played a distinguished role in supporting the national economy and protecting the economic and banking system from the collapse of the circumstances under which Iraq is going to face the economic and security shocks and the construction of international financial and banking relations and the transition of financial and monetary works from the 20th century to the one century Twenty. In order to minimize the rights of state cadres responsible for the management of monetary policy applications and who have achieved qualitative achievements locally and internationally, we include below the administrative, technical and technical developments carried out by the Central Bank in the Iraqi banking sector under the responsibility of the current administration of the Central Bank of Iraq. According to the following: Developments in the Iraqi Banking Sector (2015-2018) I. Commitment and action in accordance with the regulations issued by the Central Bank of Iraq regarding the combating of money laundering and terrorism financing derived from FATF recommendations and in light of the principles derived from the Anti-Money Laundering Law No. 39 of 2015. II - Compliance with regulatory instructions that have been developed by theCentral Bank in collaboration with MiTAC Center of the International Fund and make them live up to international standards and the requirements of the Basel - III . Third: The transition in the preparation of final and interim statements to international standards ( IFRS ), which ensures transparency of data and dealing with it by all parties responsible for financial reporting. Fourth: To encourage and stimulate the processes of financial inclusion and the attempt to increase its proportion in Iraq through the adoption of the project to settle salaries is a step to reduce the use of cash and the direction of growth of the non-monetary society. V. Work on the implementation of the plans of the Central Bank to revitalize the economic cycle and achieve economic stability and increase bank financing granted to small and medium enterprises. Sixth: The use of all methods and procedures required to be approved to verify the sources of funds of applicants for the purchase of foreign currency for the purpose of preserving the foreign currency from the detrimental behavior of the national economy. 7. Take the necessary measures to adopt the risk criteria and adopt a precautionary policy to contribute to the perception of risks and then to take appropriate measures to address any risk. Eighth: Adoption of the unified banking number ( IBAN ) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally. IX Establishment of a deposit guarantee company to maintain the insurance of customers' deposits in circumstances that expose banks to financial collapses, which is a state of reassurance among customers to go to deal with the banking system. X. Commitment and action In accordance with the policies and procedures of the Governance Guide, which provides for transparency, disclosure and separation of management from ownership. * Economic and banking consultant

http://economy-news.net/content.php?id=14411

Views 120   Date Added 11/19/2018

 

[Butifldrm]

Samir Nusairi: The contents of his new book (my vision for economic reform in Iraq)

  

 

 Banks

Economy News Baghdad

Economic and banking consultant of the Association of Iraqi Private Banks and member of the International Union of Arab Bankers Samir al-Nusairi announced Tuesday, and Muslims in Iraq and in Arab and Islamic countries all celebrate the birth of Mr. Muhammad (r) on the issuance of his new book, which was printed by the Union of Arab Banks in Beirut and sponsored by the Association of Banks Iraq in a statement singled out by the Economic News that "the book is a volume containing four books looking at the economic repercussions in the Arab mobility and banking reform the first step of economic reforms in Iraq and the methodology of economic and banking reform and Iraqi Central Bank in the face of the challenges of the economic and financial crisis and the limits of the number of pages (800) pages of medium size. "

Al-Nusairi explained that "the volume book contains a condensed summary of his vision and interest in reforming the Iraqi economy and its continuous follow-up to Iraq's special circumstances and the challenges it has faced over the past four years and the policies of overcoming the economic and financial crisis it has suffered on its way out of it. The banker below is a summary of the contents of the book ...

The majority of countries, especially developing countries and Iraq, one of which depends on the methods and economic system on the thought, philosophy and ideology that the political system believes in and based on the economic resources, human and natural infrastructure and structural and available to the economy and strategic objectives to achieve the well-being of society and the basic needs of the people and make it feel that His political system is working for his service and building his future, but under the political, security and economic conditions that our country is currently living in, especially the reality of the economic crisis and the economy. This crisis has its current and future causes and effects due to the sudden drop in oil prices in the world market, which is Iraq's main economic resource, which is about 60% of the GDP and 95% of the GDP. Revenue

In addition to the confusion of the economic vision deep in the background and the reality of the Iraqi economy rent and the migration of national capital abroad because of the subjective and objective conditions above and instability in the business environment.

What interests us here is the Iraqi economy and what is new in it What are the degrees of development and underdevelopment in its main workshops and what are their implications for sustainable development? And what is our economic strategy and our reform program so our vision of economic reform was based on insight and transparent and logical analysis of the reality of the Iraqi economy.

Therefore, the volume in your hands represents visions and proposed policies for economic reform in Iraq consistent with our realistic, analytical, transparent and neutral view of building a sound national economy. We present it to researchers, experts and university professors for the purpose of discussing, enriching and strengthening them with ideas and proposals. The policies and ideas presented in the volume book are a program and a reformist approach. I call on the Cabinet and the new government to take it into consideration when implementing its governmental platform.

Al-Nasiri said that the general framework for his vision of economic reform include the following:

1. Draw up a road map at the strategic and progressive level to reformulate Iraq's new economic approach, which depends on re-evaluating and evaluating the institutional and structural structure of the national economy and identifying the precursors of transition to a market economy.

2 - Activation of the decisions reached by the expert committees formed in the Council of Ministers in 2015 for each sector of economic implementation of the road map for each economic sector and the implementation of these decisions to follow up, monitoring and evaluation.

3- Forming a joint legal committee between the government and the private sector to reformulate, amend and issue new laws and activate all the laws issued and currently suspended, which govern the management of the economic process and serve the implementation of the roadmap, which is approved, all the laws of the legislative environment that regulate and manage the Iraqi economy in its new curriculum.

4. Reconsidering all federations, associations and organizations formed by law or administered by internal regulations and establishing the private sector council. Its functions shall be as specified in the private sector development strategy for the years (2014-2030) starting from a purely Iraqi experience that is consistent with every Iraqi core in awareness, culture, The Mashreq, which we see with optimistic eyes and work according to the principle of (we disagree in politics and unite the economy) because the people do not achieve their well-being, happiness and prosperous future without a strong national economy contributes to the construction of all and the foundations of this construction is available in Iraq.

5. Involvement of the private sector in economic decision-making by revising and evaluating the institutional partnership bases and activating the partnership law, which was issued several years ago and did not implement and represent the private sector in the Supreme Economic Council, technical and specialized committees and opinion bodies in ministries and in the Council of Ministers.

The development of the National Savings Fund (Generations Fund), the Construction Council, and the Development and Investment Bank. The private sector contributes 80% of the capital and 20% is contributed by the government. The private sector is managed by the market economy mentality and is subject to the supervision of the Financial Control Bureau. .

7- Supporting the local product and activating the local product protection law and the consumer protection law. Our slogan is for the next stage (the importer is complementary to the local production and not a substitute for it).

8. Re-review and evaluate the Iraqi banking sector and its development and development through government support and review of the structure of bank financing in Iraq towards the development of productive sectors and the shift from the economy of rent to productive and diversify sources of budget revenues.

9- Establish a central follow-up body that is affiliated with the Council of Ministers and represents the private sector. Its tasks will be to follow up the implementation of the decisions of the Council of Ministers, its instructions and its development, reform and service policies.

Views 22   Date Added 20/11/2018

http://economy-news.net/content.php?id=14431

[6ly410]

Nusairi: We want a parliament and national media that does not take them in the right to a suitable nation

Economy News Baghdad:

The economic and banking adviser of the Association of Iraqi Private Banks Samir Nusairi, said that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and support the state treasury and methods and procedures and new instruments in the applications of monetary policy. The criticisms and rumors and the new malicious campaigns will inevitably harm the national economy and the Iraqi banking sector because the policies and procedures adopted by the Central Bank during the past four years refute all the boycotts and the directions of the media outlets benefiting from the launch of the seven billion dinars dinar and the building of the Central Bank. ...

Al-Nusairi said in an interview with the Economic News Agency that "the Central Bank has been working mainly to combat money laundering and terrorism financing, strictly abide by international regulations, rules and standards, re-evaluate and classify banks in light of their compliance with compliance regulations, New in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar against the exchange rate of the US dollar, "noting that" the most prominent reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank and cooperation of the banking sector with him and commitment to The instructions and standards issued by the Central Bank . "

"The Iraqi banking sector is the first major link in the economic circles of Iraq and occupies a fundamental and important aspect as the financial and investment sector, which is the main part of the financing and management of economies ."

He pointed out that "the Iraqi economy, and because of the circumstances experienced during the past four years of the fall of oil prices by a sudden 70%, the costs of the war on terrorism and the economic recession and the unstable business environment in Iraq, led to the passage of this sector with great challenges did not pass any sectors of banking In the whole region, "pointing out that" this sector, both government and private under the leadership of the Central Bank of Iraq has faced these challenges pilot experience must be followed because what has been achieved is a major development and victory can be called financial victory and economic steadfastness. " Destruction that affects the relationship Our financial and international banking .

"We aim for the next five years in the sustainable development plan for the years 2018-2022 to achieve financial sustainability," he said, pointing out that "the government and private banking sector plays a key role in achieving this ."

"The banking sector is composed of 73 banks, government, private and commercial

He said "developments in the banking sector indicate the efficiency of the performance of this sector trends that are reflected on the gross domestic product " ,

He added that "the central bank's policy has contributed to the payment of dues of farmers and contractors and played a key role in launching the initiative of financing small and medium enterprises and is currently on the establishment of a fund for joint funds to finance large projects, stressing that" the Central Bank to follow this step and bold to activate the economic cycle because These initiatives achieve two objectives: economic and social . "

He stressed that "the banking sector is part of the strategy of the Central Bank during the five years 2016-2020, which includes developments in the structural and evolutionary and in compliance with international standards in risk management, compliance and in combating money laundering and banking awareness," pointing out that " The Central Bank of Iraq is an international standard for the classification of banks with classifications a , b and c, which is in accordance with the international standards issued by the Financial Action Organization. All this helped Iraq move in light of the arrangement of this organization from the monitoring and auditing area to the normal follow-up area every two years

http://economy-news.net/content.php?id=14471

Date Added 11/23/2018

 

 

[6ly410]

Bump......................

Edited November 23, 2018 by 6ly410

[6ly410]

I don’t know about u guys.. but when it comes to news.. I am not sure how much better it can get besides the RV..imo..

[lmb4321]

awesome news 6ly.......hoping january 2019.......or earlier?

[6ly410]

I am surprised we are still here discussing articles.. imo... let’s go CBI

Edited November 23, 2018 by 6ly410

[Mary B]

Nusairi: We want a parliament and national media that does not take them in the right to a suitable nation


 

The economic and banking adviser of the Association of Iraqi Private Banks Samir Nusairi, said that the central bank and the banking sector played a key role in overcoming the economic and financial crisis, and support the state treasury and methods and procedures and new instruments in the applications of monetary policy. The criticisms and rumors and the new malicious campaigns will inevitably harm the national economy and the Iraqi banking sector because the policies and procedures adopted by the Central Bank during the past four years refute all the boycotts and the directions of the media outlets benefiting from the launch of the seven billion dinars dinar and the building of the Central Bank. ...

Al-Nusairi said in an interview with the Economic News Agency that "the Central Bank has been working mainly to combat money laundering and terrorism financing, strictly abide by international regulations, rules and standards, re-evaluate and classify banks in light of their compliance with compliance regulations, New in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar against the exchange rate of the US dollar, "noting that" the most prominent reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank and cooperation of the banking sector with him and commitment to The instructions and standards issued by the Central Bank . "

"The Iraqi banking sector is the first major link in the economic circles of Iraq and occupies a fundamental and important aspect as the financial and investment sector, which is the main part of the financing and management of economies ."

He pointed out that "the Iraqi economy, and because of the circumstances experienced during the past four years of the fall of oil prices by a sudden 70%, the costs of the war on terrorism and the economic recession and the unstable business environment in Iraq, led to the passage of this sector with great challenges did not pass any sectors of banking In the whole region, "pointing out that" this sector, both government and private under the leadership of the Central Bank of Iraq has faced these challenges pilot experience must be followed because what has been achieved is a major development and victory can be called financial victory and economic steadfastness. " Destruction that affects the relationship Our financial and international banking .

"We aim for the next five years in the sustainable development plan for the years 2018-2022 to achieve financial sustainability," he said, pointing out that "the government and private banking sector plays a key role in achieving this ."

"The banking sector is composed of 73 banks, government, private and commercial

He said "developments in the banking sector indicate the efficiency of the performance of this sector trends that are reflected on the gross domestic product " ,

He added that "the central bank's policy has contributed to the payment of dues of farmers and contractors and played a key role in launching the initiative of financing small and medium enterprises and is currently on the establishment of a fund for joint funds to finance large projects, stressing that" the Central Bank to follow this step and bold to activate the economic cycle because These initiatives achieve two objectives: economic and social . "

He stressed that "the banking sector is part of the strategy of the Central Bank during the five years 2016-2020, which includes developments in the structural and evolutionary and in compliance with international standards in risk management, compliance and in combating money laundering and banking awareness," pointing out that " The Central Bank of Iraq is an international standard for the classification of banks with classifications a , b and c, which is in accordance with the international standards issued by the Financial Action Organization. All this helped Iraq move in light of the arrangement of this organization from the monitoring and auditing area to the normal follow-up area every two years .

 

http://economy-news.net/content.php?id=14471

[6ly410]

[6ly410]

13 minutes ago, Mary B said:

the central bank's policy has contributed to the payment of dues of farmers and contractors and played a key role in launching the initiative of financing small and medium enterprises and is currently on the establishment of a fund for joint funds to finance large projects, stressing that" the Central Bank to follow this step and bold to activate the economic cycle

 

[6ly410]

15 minutes ago, Mary B said:

New in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar against the exchange rate of the US dollar, "noting that" the most prominent reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank and cooperation of the banking sector with him and commitment to The instructions and standards issued by the Central Bank . "

 

[6ly410]

15 minutes ago, Mary B said:

The Iraqi banking sector is the first major link in the economic circles of Iraq and occupies a fundamental and important aspect as the financial and investment sector, which is the main part of the financing and management of economies 

 

[6ly410]

Article of the day... bump and let’s go IQD 

[Mary B]

Nusseiri calls on the Prime Minister to provide government support to private banks and enable them to face the challenges

 

Samir Nusairi, economic and banking adviser to the Association of Iraqi private banks

Banks Economy News Baghdad Called on the Prime Minister to provide government support to private banks from the relevant government agencies to overcome the challenges faced since the economic and security crisis four years ago, including instability in the business environment and the damage caused by the " Calling for its monetary and fixed assets in the liberated cities and their inability to recover the debt distressed borrowers and the decline in shares in the Iraqi market for securities in excess of 80% in addition to the complicated tax policies and regulations, which affected this challenge To double the provision of bank financing and loans to companies and individuals to fund projects. He added in an exclusive interview with "Economy News" that "In order to be able to complete their plans for the year 2019 and carry out its tasks in the sustainable development requires the development of policies and procedures for the actual government support to involve the private banking sector and representation in the membership of the Economic Affairs Committee in the Council of Ministers and requires analysis of the results of its activities and activities In 2018 according to the objectives of the central bank strategy. Al Nusairi stressed the need to prepare these plans in coordination with the competent departments in the Central Bank and hold working meetings and diagnostic discussions of the major challenges facing banks and focus on re-reviewing and evaluating the instructions and guidance and executive regulations issued by the central bank departments and developing them towards the banks and under the supervision of the Central Bank Attracting deposits, granting credit, loans and banking facilities, rising financial coverage, and the important thing is policy-making to restore public confidence in banks. " He stressed the need for "banks to pay attention to the application of financial stability criteria, financial safety indicators such as capital adequacy ratio, liquidity ratio and profitability ratio as the ratio of profit and net profit to capital, rate of return on assets, rate of return on shareholders' equity and the cost of activity and financial leverage and the proportion of funds, Indicators of measuring the efficiency of performance and the introduction of units of statistics and studies and financial analysis indicate monthly deviations and quarterly and annual plans. He also called on the competent departments and the quality of the Central Bank to follow up the implementation of bank plans periodically so as to keep pace with the process of development and growth of the banking sector and achieve the developmental goals for 2019. http://economy-news.net/content.php?id=14573

Views 36   Date Added 01/12/2018

[Butifldrm]

Special Expert identifies the reasons for the exit of foreign currency and determines how to curb the leakage

 

 

15 views

02/12/2018

Direction / Special

DAMASCUS (Reuters) - The hard currency in Iraq is still vulnerable to a return due to imports, economic expert Samir al-Nusairi said on Sunday, blaming the "bad" goods coming from China, while putting forward proposals that would preserve hard currency.

"The imports in each country are traded in hard currency, while in Iraq since 2003 and so far has not been supported domestic production, which is the basis in the determination of imports," he said, noting that "the import is complementary to domestic production and not A substitute for, but after the opening of borders and markets and the refuge of poor consumer goods, especially from China and cheap prices and the absence of domestic production led to the exit of hard currency through the importation of private ritual mainly.

He added that "the best solution to maintain hard currency is the government's support of local production and the activation of the law of the protection of local product and consumer protection, which are laws on the shelves for years and has not been activated," stressing the importance of providing raw materials and electricity for laboratories and the structure of government laboratories And involve the private sector in their management. "

Al-Nusairi said that "Iraq without local products comparable to the importer can not maintain its hard currency as required." He pointed out that "the need to compensate the currency in the budget and allocate amounts to restore the work of government factories, which exceed hundreds of numbers and make the private ritual is led."

"We are not a country with a British approach, but a market economy in which the private sector plays a key role and must be supported by the government," he said.

The deputies and observers, stressed the need to activate the industrial and agricultural sectors in order to

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[blueskyline]

http://economy-news.net/content.php?id=14623.......

The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019

 

The Central Bank will end 2018 by holding its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss two key axes: the development dimension of monetary policy and the developmental role of the banking sector. The conference comes at a time when the Iraqi people are looking to complete The ministerial cab of the new government and the start of the process of economic reform and economic stability, according to the government curriculum comes and the central bank is subjected to a campaign of malicious and unfair away from neutrality and equity and proper evaluation of the efforts made by the Central Bank in the The economic and security shocks are a confirmation of his success in achieving his annual plan for 2018 in supporting the national economy during the economic and financial crisis and the war on terror. His measures and policies have formed a bright spot and a successful success experience in a country that is going through harsh conditions and a historic phase that is the hardest to face the economic challenges. The stability of the exchange rate of the Iraqi dinar against the US dollar and maintain the inflation rate of not more than 2% and the level of foreign reserves within the rates according to international standards, where the foreign reserves of Iraq amounted to 62 billion dollars and the third alternative Arab and the adequacy ratio exceeded 160% according to the latest international standard for measuring efficiency and stimulate the sector Regulatory, supervisory and supervisory banking and the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism, credit and operational risk management and banking awareness and the issuance of the Money Laundering Law 39 for the year 2015 and the development of systems Payment and the application of all electronic payments by retail and mobile and the establishment of the national division and work on the application of international standards in financial reportingIn line with the transparency and disclosure principle, the Bank's efforts to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to increase the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the initiative to finance small and medium enterprises. In order to restore confidence in the banking sector, the Central Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment, Organizational structure and development of the depository center in the Iraqi securities market and the establishment of a national credit center. At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past four years to the international financial institutions such as the Financial Action Group ( FATF ) (Gray) to normal follow-up. The visit of the Governor to the UN Security Council and his presentation of the achievements and organizational, structural and technical developments and compliance with international standards in financial reporting, Iraq 's economy and Iraq 's ability to adhere to international credit benefits as the accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability. That achieved in 2018 of the important achievements will make it start with the implementation of its plan for 2019 to re-evaluate banks and classification in line with international standards in measuring the efficiency of performance and activating the contribution of the banking sector in development and in community and humanitarian initiatives and to continue qualitative development procedures and build balanced relations with international and Arab banks and Consider the structure of the banking sector, which enhances the role of government and private banks in the transition from the role of banking to the developmental role.   * Economic and banking consultant Views 59   Date Added 12/05/2018

[jeepguy]

9 minutes ago, blueskyline said:

* Economic and banking consultant

nuff said

[jeepguy]

no - no  I do have a few points  (  2018  the year of  "  central bank president can not put his name on notes "   /   2018  the year of   lets give out more awards too banks and bankers ,  =`s   feast  yet again  /   2018   the release of  smaller notes , yet again  a  false  promise  / 2018  the year  2019  will  be even better     )      how about start  2019   with  lower notes of 2018  with  the value of dinar  at .25 cents  !  then you can   pat your self on the back and get  another award for great  service too the banking industry  ! 

[blueskyline]

Samir Nusairi

[6ly410]

The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019 

 

Samir Nusairi
 

 

 

The Central Bank will end 2018 by holding its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss two key axes: the development dimension of monetary policy and the developmental role of the banking sector. The conference comes at a time when the Iraqi people are looking to complete The ministerial cab of the new government and the start of the process of economic reform and economic stability, according to the government curriculum comes and the central bank is subjected to a campaign of malicious and unfair away from neutrality and equity and proper evaluation of the efforts made by the Central Bank in the The economic and security shocks are a confirmation of his success in achieving his annual plan for 2018 in supporting the national economy during the economic and financial crisis and the war on terror. His measures and policies have formed a bright spot and a successful success experience in a country that is going through harsh conditions and a historic phase that is the hardest to face the economic challenges.

The stability of the exchange rate of the Iraqi dinar against the US dollar and maintain the inflation rate of not more than 2% and the level of foreign reserves within the rates according to international standards, where the foreign reserves of Iraq amounted to 62 billion dollars and the third alternative Arab and the adequacy ratio exceeded 160% according to the latest international standard for measuring efficiency and stimulate the sector Regulatory, supervisory and supervisory banking and the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism, credit and operational risk management and banking awareness and the issuance of the Money Laundering Law 39 for the year 2015 and the development of systems Payment and the application of all electronic payments by retail and mobile and the establishment of the national division and work on the application of international standards in financial reportingIn line with the transparency and disclosure principle, the Bank's efforts to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to increase the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the initiative to finance small and medium enterprises.

In order to restore confidence in the banking sector, the Central Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment, Organizational structure and development of the depository center in the Iraqi securities market and the establishment of a national credit center.

At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past four years to the international financial institutions such as the Financial Action Group ( FATF ) (Gray) to normal follow-up. The visit of the Governor to the UN Security Council and his presentation of the achievements and organizational, structural and technical developments and compliance with international standards in financial reporting, Iraq 's economy and Iraq 's ability to adhere to international credit benefits as the accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability.

That achieved in 2018 of the important achievements will make it start with the implementation of its plan for 2019 to re-evaluate banks and classification in line with international standards in measuring the efficiency of performance and activating the contribution of the banking sector in development and in community and humanitarian initiatives and to continue qualitative development procedures and build balanced relations with international and Arab banks and Consider the structure of the banking sector, which enhances the role of government and private banks in the transition from the role of banking to the developmental role.

 

* Economic and banking consultant

Views 76   Date Added 05/12/2018

 

 

 

 

http://economy-news.net/content.php?id=14623

 

 

 

 

[navira]

Many thanks. Bump