Monetary Policy Harvest (2016-2019)

[Floridian]

They're going to start to re-evaluate banks in 2019?  When are they going to RV?

 

"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....."

[10 YEARS LATER]

Really ????

[nannab]

7 hours ago, 10 YEARS LATER said:

Really ????

 

Ah ya and I have a bridge in MA to sell you called the Tobin Bridge. 

It would be great though to finally get away from those nut jobs in Iraq. 

[10 YEARS LATER]

1 hour ago, nannab said:

 

Ah ya and I have a bridge in MA to sell you called the Tobin Bridge. 

It would be great though to finally get away from those nut jobs in Iraq. 

 

Yep .... but first I gotta check out a great tip on some beach front property in Iowa. Great surfing also ai hear. 

That bridge, the Tobin Bridge....sounds familiar.... is it close to the “ Bridge of Sighs “ that links up to the Road To Nowhere ? 😀

 

We need to get away from these but cases before whatever it is they got, gets airborne, comes over here and ..... hang on ! It’s already here ..... it is the Zombie Apocalypse. Look at fools in our government and the millions of kook aid drinkers !  

 

Luckily Im a registered Independent-I don’t feel infected ..... but how would I know 🤔

Edited December 5, 2018 by 10 YEARS LATER

[nannab]

  independents  they don;t hound you with stupid survey's.

[screwball]

The. Longer they take the more I make 

[6ly410]

The fourth annual conference of the Central Bank of Iraq discusses the developmental dimension of monetary policy and the role of banks in development

 

 

Samir Nusairi     Articles Samir Al Nusairi * The Central Bank holds its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss the two main axes, namely the developmental dimension of monetary policy and the developmental role of the banking sector. The conference will be held in the presence of the government, private sector, At this time when the Iraqi people are looking to complete the cabinet cab for the new government and start the process of economic reform and achieve economic stability as stated in the government curriculum and comes to review and evaluate the obvious efforts made by The economic and financial crisis and the war on terror. Its measures and policies have formed a bright spot and the success of its supervisor in a country that is going through harsh conditions and with a historic phase that is the most difficult to confront. Challenges Through the efforts and wise measures and applications of monetary policy and development measures, the Bank was able to draw and implement its strategy for the years (2016-2020), which aims to achieve economic stability and stimulate the growth of fiscal and financial coverage and structural and institutional construction and investment in human capital optimization through the achievements of the most prominent stability of the exchange rate of the Iraqi dinar against The US dollar and maintain inflation by not more than 2% and the level of foreign reserves within the rates according to international standards as the foreign reserve of cash to Iraq by $ 62 billion and the third rank Oh and by the adequacy of more than 160% according to the latest international standard to measure efficiency and stimulate the banking sector regulatory and supervisory and regulatory and establishment of new units within the organizational structures of banks Kalamtthal and anti-money laundering and terrorism financing and management of credit and operational risk and awareness of banking and the issuance of money laundering, 39 Law for the year 2015 and the development of systemsIFSR is in line with the principle of transparency and disclosure. In addition, the Bank's efforts are exerted daily to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to raise the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the SME initiative.   * Economic and banking consultant Views 287   Date Added 12/08/2018

http://economy-news.net/content.php?id=14663

[navira]

Bump

[jeepguy]

Feast / and atta boys !  

[yota691]

A banking expert criticizes weak government suppor t to the banking sector

 

Banks Economy News Baghdad: The banking and economic expert, Samir Nusairi, criticized the weakness of government support to the banking sector, which contributed to the delay in the growth of the banking sector. "The suffering of the Iraqi banking sector, especially private banks in all areas of its banking activity, due to the weak government support provided to it, although it has already been That several decisions were issued by the Economic Affairs Committee of the Council of Ministers, stressing the obligation of the parties concerned to provide support to banks. Al-Nusairi stressed that weak follow-up by those responsible for the implementation of government decisions such as the Ministry of Finance obligate all state departments to accept the ratified instruments issued by private banks and to confirm the activation of the role of the Financial Court as provided by the Banking Law and in accordance with the law of the Central Bank of Iraq, Other " . He added that the shortcomings in the structure of bank financing in Iraq is the result of continued weak contribution of cash and credit granted to the gross domestic product to not exceed 16.8% while in the regional countries (Middle East and North Africa up to 55%). He pointed out that the developments in the banking sector during the last four years are the commitment and work in accordance with the controls issued by the Central Bank of Iraq on combating money laundering and financing of terrorism derived from FATF recommendations and in light of the bases derived from the Iraqi Anti Money Laundering Law No. 39 For the year 2015 . He continued to abide by the regulatory directives developed by the Central Bank in cooperation with the International Fund's Metac Center and to make them conform to international standards and the requirements of Basel III. And the transformation 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 . Views 23   Date Added 13/12/2018

[Mary B]

 Banks Plan for 2019

 

Articles Samir Nusairi (16) of the total cash credit granted and the decline in the prices of shares traded in the Iraqi market for securities by (80%) of the total cash credit granted and the decline in the prices of shares traded in the Iraqi market for securities by 80% ) And the low liquidity of some banks to the minimum limits prescribed by the Central Bank and the decrease of revenues realized and deposits and shortcomings in the legislative environment that regulates the economic process and laws and tax and customs instructions, which requires the completion of their plans for 2019 in the light of analysis of the results of its activities and activity In accordance with the strategic objectives of the Central Bank and the subsidiary and to reach policies and procedures in accordance with their actual needs in the sustainability of the provision of new banking products that promote the re-confidence in the banking sector and to be prepared in coordination with the specialized departments of the Central Bank to hold working meetings and diagnostic and analytical discussions The completion of the banks for their plans for 2019 requires them to take rapid and programmed steps in 2019 in accordance with the objectives of the strategy of the Central Bank planned for the year mentioned is the transition of the Iraqi banking sector to a solid and sophisticated economic sector and complying with the rules and standards of international compliance and combating money laundering and financial reporting and risk management and thus transition from the role Banking to the developmental role. This requires that each bank should have a specific plan for 2019 in the areas of technical development and work in accordance with international standards to achieve financial inclusion, attract deposits, build capacity, train and rehabilitate human resources, achieve the objective of investing in human capital and develop the structure of the banking sector, Applying financial stability criteria such as capital adequacy ratio, liquidity ratio, profit rate, profit ratio, net profit to capital ratio, return on assets ratio, return on equity ratio, cost of activity ratio Financial lever and employment rate funds in addition to the adoption of measuring the efficiency of performance and the development of units for statistics, studies and financial analysis to mark monthly, quarterly and annual deviations in the plans drawn indicators. Views 40   Date Added 12/24/2018

http://economy-news.net/content.php?id=14867

[ChuckFinley]

Mary B you are on a roll this morning. The banking sector is taking the steps need to keep place with tech as well on maintain compliance with the international organizations.  

[Mary B]

Thank CF, have a merry xmass,New year to you and all DV

[ChuckFinley]

6 hours ago, Mary B said:

Thank CF, have a merry xmass,New year to you and all DV

Same to you and the rest of the DV. May it be a Prosperous New Year for all. 

[Mary B]

The Central Bank of Iraq the first economic institution in Iraq for 2018

 

Articles * Samir Nusairi Although I respect the other opinion issued by politicians or specialists in the economy and money, some of them live with us the concerns and challenges experienced by Iraq and its people and some of them living outside Iraq, but I have differed with the opinion that tries to diminish and diminish the character of the achievements of Iraq in the face of economic and financial crisis during the past four years The most difficult stage experienced by Iraq in previous years. On the occasion of the end of 2018 and the reception of a new year decided to review and analyze and establish the neutrality and transparency of the economic situation in Iraq through his career for the past four years and in particular has been achieved by the ministries and economic institutions in Iraq from the point of view of a specialist and expert and researcher in economic and banking matters reached the facts and indications and signals And achievements confirm that the Central Bank of Iraq proved to be the first economic institution in Iraq for 2018 through its important achievements in support of the national economy and achieve economic steadfastness and seek to achieve economic stability in accordance with the strategy in 2020 and Lotto Ih is based upon the facts in order to say that the central bank was first in the 2018 is the following: - After mid-2014, Iraq suffered two security and economic shocks due to the war on terrorism on behalf of the world's countries and the fall of oil prices, Iraq's main supplier, by more than 70%. Therefore, the men of Iraq must confront these two shocks, since such confrontations have their customs and laws. In the military custom, the armed military forces can not achieve victory over the enemy without a civil and economic effort. The private sector is the economic effort that contributes to decisive military victory. This is what the Iraqi National Bank's distinguished team has already achieved. It asks the Arab and international economic organizations and observers of the economic movement of countries and their experiences in overcoming the crises and achieving economic reform to assess the stage of the previous four years in which our country faced an economic and financial crisis suffocating the well-known causes in which victory is achieved on terrorism accompanied by another victory is the steadfastness and economic victory which was In which the Central Bank of Iraq and its governor plays a key role in achieving it. The most important of these is the support of the state treasury, the stability of the exchange rate, the recovery of the Iraqi dinar, the reduction of inflation, the maintenance of its share of less than 2%, the preservation of a 160% cash reserve as a cumulative accumulator according to the latest IMF standard, Excellent record rate. In addition to its adoption standards and controls consistent with the requirements of international standards in compliance and combating money laundering and financing of terrorism and the basic objectives and subsidiary strategy set up to 2020 and the activation and consolidation of new visions of monetary policy applications and the important thing that is achieved is the exchange rate stability in 2018 and reduce the gap between the official price of the US dollar And the parallel price, which is a fundamental objective of the monetary policy and the implementation of policies to restore confidence in the banking transactions of the Iraqi banks with Arab and foreign banks and the quest to build a solid banking sector and the continuation of extraordinary efforts to feel Banking reputation of international financial institutions and organizations and correspondent banks. And building strong relations with Arab and foreign central banks and international financial organizations. Also, procedural, regulatory, structural and internal development policies were designed to achieve financial stability and develop the banking business technically, structurally and organizationally and raise the percentage of financial coverage to the target ratio. And the mechanisms of banking which formed a solid base on the domestic and external scale. At the same time, I congratulate and congratulate the sons of my Iraqi people and their brave military and security forces on the victory over terrorism and its eradication from the land of Iraq and your cooperation with the Central Bank of Iraq for its contribution to achieving economic steadfastness and decisive victory over terrorism. With sincere wishes for a new Happy New Year and to take the steady steps of radical economic reform and comprehensive and that the new government will be able to implement its governmental platform in the axis of strengthening the national economy and the development of the governmental and private banking sector. * Economic and banking consultant Views 66   Date Added 12/26/2018

[navira]

With sincere wishes for a new Happy New Year and to take the steady steps of radical economic reform and comprehensive and that the new government will be able to implement its governmental platform in the axis of strengthening the national economy and the development of the governmental and private banki

[jeepguy]

 Thanks for the article ,  remind me again , who has the power to change the value of the dinar ?  Hoping  president of the central bank isn't shy about changing value , ( if it is his roll )  as the g.o.i.  sure smacked his fingers , about signing his name on currency , ( maybe he will push the button in effort to show the people he is in charge of the money ....

[DWS112]

4 hours ago, Mary B said:

With sincere wishes for a new Happy New Year and to take the steady steps of radical economic reform and comprehensive and that the new government will be able to implement its governmental platform in the axis of strengthening the national economy and the development of the governmental and private banking sector.

Jan 1st!

[NEPatriotsFan1]

55 minutes ago, DWS112 said:

Jan 1st!

🕺💃🤞🏻🤞🏻🤞🏻

[WheresmyRV?]

2 hours ago, DWS112 said:

Jan 1st!

[6ly410]

8 hours ago, navira said:

With sincere wishes for a new Happy New Year and to take the steady steps of radical economic reform and comprehensive and that the new government will be able to implement its governmental platform in the axis of strengthening the national economy and the development of the governmental and private banki

[Laid Back]

I hope we see an RV at the beginning of  January 2019.

 

If we don't see and increase of the dinar exchange rate by the beginning of 2019 our next window of opportunity is at the end of IMF- SBA mid 2019.

 

 If nothing happens by the end of the IMF- SBA in mid 2019, our next window of opportunity is by the end of CBI strategic plan in 2020.

 

Still some work to do.

 

- restructuring the banking system 

- a complete seated GOI

- important laws

- investment 

- diversification of the economy

 

 

Enjoy the ride and Go RV sooner than later.

 

Go RV

Go $1:1

Go 2019

[climber7]

9 minutes ago, Laid Back said:

Still some work to do.

 

- restructuring the banking system 

- a complete seated GOI

- important laws

- investment 

- diversification of the economy

 

With all that work left to do......looks like another year away at least.  Hope I'm wrong 

[Rugbylaird19]

So no Christmas miracle. How about a New Years Day surprise?

[Laid Back]

5 minutes ago, climber7 said:

 

With all that work left to do......looks like another year away at least.  Hope I'm wrong 

Agree with you climber7,

That’s Iraq reality.

 

Go RV sooner than later.