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Monetary Policy Harvest (2016-2019)


yota691
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On 5/16/2019 at 2:08 AM, screwball said:

Because Iraq is about to move to a new stage inovercoming the stage of the financial andeconomic crisis to a new stage of the post-urgent

 

I hope urgent is not like soon!

So funny, thats exactly the part I picked to paste, and here you've done it. 

"Iraq is about to move to a new stage in overcoming the stage of the financial and economic crisisto a new stage of the post-urgent".

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10 minutes ago, jg1 said:

So funny, thats exactly the part I picked to paste, and here you've done it. 

"Iraq is about to move to a new stage in overcoming the stage of the financial and economic crisisto a new stage of the post-urgent".

Great minds think alike!

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24 minutes ago, 10 YEARS LATER said:

Crisis to a stage of the post-Urgent .... that’s a new twist of clever phrases from their arsenal of snappy clever phrases.

Sounds like, hurry up and do something important after a crisis? 🤔🤤 So they dont slip back down into the abyss.

Edited by jg1
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Banks in the government curriculum

Sunday 19 May 2019 214

Banks in the government curriculum

 
Samir Nusairi
 
 
In the fourth axis of the government curriculum (strengthening the economy), the Government's time program for the government and private banking sector was set and the policy was formulated to implement the following objectives:
1- Developing the Iraqi banking system and enhancing citizens' confidence in it.
2. Turning banks into their core function of lending for development.
3 - Banks that do not provide loans and banking facilities help in development lose its meaning as banks, which requires a specific position towards them from the Central Bank.
4 - Banks development burden and the importance of the Ministry of Finance and the Central Bank to support banks and develop their functions and not rely on their presence on the window of the process.
5 - Seeking to move from the paper currency economy to the symbolic and electronic currency economy and to withdraw funds outside the banking cycle and introduce them to the banking system.
However, the Central Bank's strategy for the years (2016-2020) has achieved several objectives of the above governmental curriculum and has set the policies and standards necessary to achieve the objectives in stages, Which led to the assessment and classification of banks based on the achievement of the objectives planned, there are banks going to the required development and banks still need an additional period of time to achieve the objectives, as well as troubled banks are now extraordinary efforts of the Central Bank and the administrations of these banks for rehabilitation.
What matters to us here is the real role of banks in providing loans and banking facilities and moving from the role of banking to the developmental role. There are two important observations that must be taken into consideration regarding the subject of providing loans and banking facilities to stimulate the economy:
First: The nature of the activities of banks depends on the nature of the activities of the economic sectors. As long as the economic activity is concentrated in trade (imports), the activity of the banks remains concentrated on the external transfer and the related ones, so unless the other sectors (industry, agriculture, tourism, etc.) Banking activity.
Importantly, without control of imports, these sectors will not rise, which is why there is no progress on serious loans through the CBE initiative.
Second: The legal environment must be provided and the rule of law should be extended in order to eliminate the phenomenon of default in the repayment of loans and thus the reluctance of banks to provide loans and facilities.
The other important thing is to formulate policies to restore public confidence in banks, as well as to take quick and programmed steps in accordance with the objectives of the strategy of the Central Bank is the transition of the Iraqi banking sector to a solid and developed economic sector and complying with international rules and standards for compliance and combating money laundering, financial reporting and risk management and thus be a catalyst for development .
The importance of contributing to the revitalization of the economic cycle by activating and supporting the financing of small and medium-sized enterprises and large development projects, through which the building of a strong national economy and sustainable development serve the Iraqi people and their aspirations for a better life, is also important.
This means that each government or private bank has a specific plan for the four years specified in the government curriculum and under the supervision and follow-up of the central bank in the fields of development of payment systems and modern banking techniques, the transition from dealing with cash to dealing with advanced electronic payment methods in accordance with international standards, To promote financial inclusion, to build capacity, train and rehabilitate human resources, to achieve the objective of investing in human capital and to develop the structure of the banking sector.
The banks also pay attention to the implementation of the financial stability criteria. These are financial safety indicators such as capital adequacy ratio, liquidity ratio, profitability ratio, profit rate, net profit to capital ratio, return on assets ratio, return on equity, cost of activity and leverage, Funds, in addition to the adoption of indicators of measuring the efficiency of performance.
http://alsabaah.iq/8969/المصارف-في-المنهاج-الحكومي
 
 
 
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 Articles
 

Samir Nusairi

In the fourth axis of the government curriculum (strengthening the economy), the government's time program for the government and private banking sector was set and the policy was formulated to implement the following objectives: 
1- Developing the Iraqi banking system and enhancing citizens' confidence in it. 
2. Turning banks into their primary function of lending for development. 
3 - Banks that do not provide loans and banking facilities help in development lose their meaning as banks, which requires a specific position towards them from the Central Bank. 
4 - Banks leveraging development and the importance of the Ministry of Finance and the Central Bank to support banks and develop their functions and not rely on their presence on the currency window. 
5 - the pursuit of the transition from the paper currency economy to the economy of electronic currency and electronic withdrawal of funds outside the banking cycle and the introduction to the banking system.
All the above objectives, although the period specified for implementation according to the government timetable is 
between (1-4 years). However, the Central Bank's strategy for the years (2016-2020) has achieved the objectives of many of the objectives of the government curriculum above and set the policies and standards necessary to achieve the objectives in stages Led to the assessment and classification of banks based on the achievement of the objectives planned, there are banks are moving towards the required development and banks still need an additional period of time to achieve the objectives and there are banks are now struggling extraordinary efforts of the Central Bank and the administrations of these banks for rehabilitation. 
What matters to us here is the real role of banks in providing loans and banking facilities and moving from the role of banking to the developmental role. There are two important observations that must be taken into consideration regarding the subject of 
providing loans and banking facilities to stimulate the economy:
First: The nature of the activities of banks depends on the nature of the activities of the economic sectors, and as long as the economic activity is concentrated in the trade (imports), the activity of the banks remains focused on the external transfer and the related. So unless the other sectors (industry, agriculture, tourism, etc.) The banker. 
Without the control of imports, these sectors will not rise, which explains the lack of progress on serious loans through the initiative of the Central Bank.
Second, the legal environment should be provided and the rule of law should be extended to eliminate the phenomenon of default in the repayment of loans and hence the reluctance of banks to provide loans and facilities. The other important thing is to draw up policies to restore public confidence in banks and to take quick and programmed steps according to the objectives of the Central Bank strategy In the Iraqi banking sector to a solid and developed economic sector and complying with the international regulations, rules and standards for compliance and combating money laundering, financial reporting and risk management and thus be a catalyst for development. 
And to contribute to the revitalization of the economic cycle by activating and supporting the financing of small and medium-sized enterprises and large development projects through which the building of a strong national economy and sustainable development will ultimately serve the Iraqi people and their aspirations for a better life.  
 This means that each government or private bank has a specific plan for the four years specified in the government curriculum and under the supervision and follow-up of the central bank in the fields of development of payment systems and modern banking techniques, moving from dealing with cash to dealing with modern electronic payment methods in accordance with international standards and introducing new banking products to stimulate inclusiveness Building capacity, training and rehabilitating human resources, achieving the goal of investing in human capital, and developing the banking sector's infrastructure. As well as the 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 and rate of return on assets and rate of return on equity and the proportion of the cost of activity and financial leverage and the rate of recruitment of funds to the adoption of indicators to measure the efficiency the performance .


Views 29   Date Added 05/20/2019

 
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  • yota691 changed the title to Nasiri issues his new book from the Office of the Governor of the Central Bank of Iraq
 
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Governor of the Central Bank Ali Al-Aalak and banking advisor Samir Al-Nasiri
  

 Banks


BAGHDAD - 
The economic and banking adviser to the Association of Iraqi Private Banks, Samir al-Nusairi, announced on Monday the issuance of his book entitled "Light in the End of the Tunnel: Economic, Banking and Banking Perspectives", when he presented the first version to HE Dr. Mohsen Al-Alaq, Governor of the Central Bank.

The Governor blessed the publication of the book and the efforts of the author in following up the march of the Iraqi economy and analyze the reality of the banking sector and provide visions and proposals to achieve the required reform.

The book contains four chapters and 60 pages with 204 pages with an appendix of documents and tables. This is an analytical and documentary presentation of the positive and bright points in the process of economic and banking reform and the efforts exerted by the Central Bank and the banks during the years 2015-2019, which were manifested in achieving economic resilience during the economic and security shocks. Suffered by Iraq because of the decline in oil prices globally and the war on terrorism on behalf of the world.

The book dealt in a special chapter the role of the Central Bank and the Association of Iraqi private banks and banks in the development and community initiatives.

It is noteworthy that the new book is the seventh book of the author and presented to him by the Governor of the Central Bank Ali Alalak and Professor Khalil al-Shamma.


Views 242   Date Added 06/17/2019

 
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  • yota691 changed the title to Government positions by proxy
 
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Samir Nusairi
  

 Articles
Samir Nusairi  

Article 8 e in the budget of 2019 of 30 June 2019 set a date for the termination of proxy positions for all leading positions in the Iraqi government.

I believe that the application of this article in a transparent and without prior political intentions means that the competent authorities in the government and in the House of Representatives must adopt important and fundamental criteria that begin first and foremost from the analytical and analytical view of the results of the work of the official in the position of an agency while assuming the responsibility of the office and what he could And his team to achieve national achievements and have a direct impact on achieving the central objectives of the previous and current government within the hubs of its government programs approved by the House of Representatives.

In order for our talk to be clear and specific, the results of the work of three main bodies that have played a prominent role in the economic sphere and fighting corruption, namely the Central Bank of Iraq, the Office of Financial Supervision and the Integrity Commission, should be evaluated.

What concerns us here is the role played by the Central Bank of Iraq and its achievements and bright points during the lean years (2015-2019), in which Iraq suffered from economic and security shocks and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to the economic steadfastness And decisive victory over terrorism because military victory can not be achieved without steadfastness and economic support.

Therefore, through the review, analysis and evaluation neutrality and transparency of the Iraqi economic situation and in particular is achieved by the ministries and economic institutions in Iraq from the point of view of the specialist has been to the facts and evidence and signals and achievements confirm that the Central Bank of Iraq proved to be the first economic institution through its important achievements in supporting the economy And the achievement of economic steadfastness and the pursuit of economic stability in accordance with the objectives of its main strategy and subsidiary and this is what he actually achieved.

And in fact contributed to the victory of victory over terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq and its governor a key role and leading in achieving.

The most important of these is the support of the state treasury, stabilization of the exchange rate, recovery of the Iraqi dinar, reduction of inflation, maintaining its share of less than 2%, maintaining a reserve of 160% as a cumulative accumulator according to the latest IMF standard, Excellent standard rate in addition to its adoption standards and controls in line with the requirements of international standards in compliance and combating money laundering and terrorist financing and liquidation of up to 700 international observations registered on the Iraqi banking system and our exit from the monitoring and follow-up according to the Financial Action and Commitment The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks And efforts to build a solid banking sector and to continue the extraordinary efforts to improve the banking reputation of international financial institutions and organizations and correspondent banks and to build strong relations with Arab and foreign central banks and international financial organizations. The Security Council's invitation to the Governor of the Central Bank is rare in presenting the achievements in the field of combating money laundering and financing Terrorism The procedural, regulatory, structural and internal development policies were also designed to achieve financial stability and to develop the banking system technically, structurally and organizationally, and to increase the financial coverage to Target ratio, where the preparation and development of appropriate financial and technical basis of the reality of the Iraqi economy and the mechanics of the banking business, which form a solid base so wide home and abroad.

All these achievements prompted Arab bank governors to elect the Governor of the Central Bank as the Governor of the Arab Monetary Fund at its current session and as the Chairman of their Board at the next session, which is a vivid reflection of the economy of Iraq recovering from its crises and that is a tribute to the Iraqi people and its economic, financial and banking institutions.

The question now is whether Article 58 will be applied in the 2019 budget in accordance with transparency and respect for the principle of public service in community service.


Views 67   Date Added 19/06/2019

 
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1 hour ago, DWS112 said:

Article 58 INFO: LINK

 

Translated - 

The Transitional Government of Iraq, in particular the Supreme Real Estate Dispute Resolution Commission and other relevant authorities, shall urgently take measures to eliminate the injustice caused by the practices of the former regime of changing the population status of certain areas, including Kirkuk, by deporting and deporting individuals And through the forced migration from within and outside the region, the resettlement of foreign individuals from the region, the denial of the population to work, and through the correction of nationalism. In order to remedy this injustice, the Iraqi Transitional Government should take the following steps:
1. In respect of displaced, exiled and displaced residents and migrants, and in conformity with the law of the High Commission for the Resolution of Real Property Disputes and other legal proceedings, the Government shall, within a reasonable period, return the residents to their homes and property.
2. On the individuals who have been transferred to certain areas and territories, and the government shall decide on their matter in accordance with Article 10 of the law of the Supreme Commission for the Resolution of Real Property Disputes, to ensure the possibility of their resettlement or to ensure the possibility of receiving compensation from the State or the possibility of receiving them to new land from the State near Their residence in the governorate from which they came, or the possibility of receiving compensation for the costs of their transfer to those areas.
3. With regard to persons deprived of employment or other means of subsistence for the purpose of forcing them to migrate from their places of residence in the regions and territories, the Government shall encourage the creation of new employment opportunities for them in those areas and territories.
4. With regard to correcting nationalism, the government must cancel all relevant decisions and allow affected persons the right to determine their national identity and ethnic affiliation without coercion or pressure.
The former regime also manipulated the administrative and other borders in order to achieve political objectives. The Presidency and the Interim Iraqi Government should make recommendations to the National Assembly to address these inequitable changes. In the event that the Presidency can not agree unanimously on a set of recommendations, the Presidency Council shall appoint a neutral and unanimous arbitrator for the purpose of studying the subject and making recommendations. In the event that the Presidency Council is unable to approve an arbitrator, the Presidency Council shall request the Secretary-General of the United Nations to appoint a high-ranking international figure to undertake the requested arbitration.
(C) The final settlement of the disputed territories, including Kirkuk, shall be postponed until the completion of the above procedures, the conduct of a fair and transparent census and until the ratification of the permanent constitution. This settlement must be carried out in accordance with the principles of justice, taking into account the will of the inhabitants of those territories.
Section IX - Post-transition phase
 

 

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1 hour ago, yota691 said:

The most important of these is the support system" rel="">support of the state treasury, stabilization of the exchange rate, recovery of the Iraqi dinar, reduction of inflation, maintaining its share of less than 2%, maintaining

GM YOTA AND DV.:D:twothumbs::bump:

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  • yota691 changed the title to Association of Banks celebrates the issuance and signing of the new Nasiri book light at the end of the tunnel
 
15822.jpg
A part of the honor of the Governor of the Central Bank to Mr. Samir Nusairi
  

 Banks


Economy News _ Baghdad

On Wednesday, the Association of Iraqi Private Banks celebrated the publication of the new book by the Association's Advisor, Mr. Samir Al-Nusairi. The celebration was attended by the Governor of the Central Bank of Iraq Ali Al-Aalak and the Financial Advisor to the Prime Minister. Muhannir al-Shaikhli, Central Bank Advisor Walid Eidi, Head of the Association of Iraqi Private Banks Wadih al-Hantal, and the Director General of the Central Bank's Administrative Department Saleh Mahoud. Ikram Abdulaziz, Director General of the National Investment Authority, General Manager of Industrial Bank Bilal Sabah Hussein and Abdul Zahra Al Hindawi, Member of the Governmental Media Cell, professors and representatives of Iraqi universities, the president and members of the Academic Coordination Committee and economic elites, board members, general managers, Media elites, representatives of Iraqi and Arab media and prominent businessmen.
The celebration began with an appreciation speech by His Excellency the Governor of the Central Bank, who praised the cultural and intellectual effort in the economic and banking field and the realistic and analytical method of the Nasiric author. The aim is to document and document the achievements achieved and the bright points in the economic steadfastness and economic stability in the circumstances that Iraq suffered during the last five years. (Light at the beginning of the tunnel) on the Nasiri and consider the issuance of four works in the period of years of economic shock and honest national effort distinct. He confirmed that he was reading the Nasiri literature from the cover to the cover of the importance of the proposals The realism and the possibility of his proposals and recommendations on the application as d occur. The appearance of Mohammed Saleh praising Nusiri, stressing that the inclusion of his writings analyzes and visions and proposals within the framework of the macroeconomic approach is an important addition to the Iraqi economic library has spoken the authors of the author and praised the role played by Nasiri in documenting the march of the Central Bank and the Iraqi banking sector and congratulated him this achievement and the speakers on D. Munther Al-Shaikhly and Walid Eidi. Star Al Bayati and d. Ikram Abdel Aziz and Abdel-Zahra al-Hindawi.
Then Samir Al-Nusairi presented his career with writing books and focusing on the contents of his new book, which included four chapters and sixty appendices and a total of 204 pages with annexes to documents and tables. At the conclusion of the wedding ceremony and the economic joy of honoring Nusairi by the Governor of the Central Bank and the President of the Association of Iraqi private banks and the Bank of Assyria International and the International Company for smart card. Then Nasiri began to give and sign copies of his book to invitees and the media.

 

 

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Views 77   Date Added 06/20/2019
 
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 Banks


Economy News - Baghdad

The governor of the Central Bank of Iraq praised the contents of the latest book by banking expert Samir al-Nusairi, entitled "Light in the last tunnel", and thanked the Association of Iraqi private banks to support such efforts in the interest of the local economy.

"I can say that the author of this book is the light in the first tunnel, and this stems from my personal follow-up to the intellectual output of the writer of the book and his continuing role in the correction," Al-Alak said in a speech at a ceremony marking the signing of al-Nasiri's book at the headquarters of the Association of Iraqi Private Banks in Baghdad. And follow-up and a statement of opinion in various areas and places, "noting that" is characterized by a special nature, as the view of the writer is a holistic view and not partial. "

He added that "Samir Nusseiri wrote the book with open eyes on the reality of the Iraqi economy as a whole, and this subject is very important because the banking sector and all policies that are linked to this sector is undoubtedly part of a large system affect each other," pointing out that "Nasiri when he writes It speaks of reality in all its dimensions, and its various effects on this sector, whether affected by what is going on around him or affect what surrounds him.

"We have a lot of indicators and facts in the central bank that prove this fact. Unless there is a holistic view of our reality, it is difficult to make fundamental structural changes. For example, in the absence of stimulus programs for the real industrial and agricultural sector, "But the real rate of implementation in these initiatives is still modest, although everyone is talking about the need and need of the country to stimulate real sectors and provide significant investment opportunities in this area."

"When we talk about the banking sector today, as the book speaks, and it looks at all the things that are related to the economic aspects and looks at it from this perspective, for example the issue of selling the dollar by the central bank, I said why we all talk about one side is the supply side , And why not talk about the other side of the demand for the dollar, "noting that" when we talk about the demand for the dollar, then we will correct the large structural imbalances that exist in our economic reality, but when we press on the offer by the Central Bank will create large imbalances in the Iraqi economy, It will affect All economic activities, monetary stability, exchange rate and so on. "

The central bank governor asked: "Why are those who respond to the request to be held accountable, without accounting and analyzing the other side of the demand, and how it occurs due to a significant shortage in the real sectors and their inability to satisfy the demand of domestic demand from agriculture and industry, in addition to other aspects such as health, "And when I read the book of Nasiri from the cover of the cover and his grandmother talking about these things, and we are proud of the tender, and thank the Association of Iraqi private banks to create such conditions and atmosphere and support for such trends.  


Views 29   Date Added 06/20/2019

 
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  Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support
 
15836.jpg
 
  

 Banks


Economy News - Baghdad

The governor of the Central Bank of Iraq praised the contents of the latest book by banking expert Samir al-Nusairi, entitled "Light in the last tunnel", and thanked the Association of Iraqi private banks to support such efforts in the interest of the local economy.

"I can say that the author of this book is the light in the first tunnel, and this stems from my personal follow-up to the intellectual output of the writer of the book and his continuing role in the correction," Al-Alak said in a speech at a ceremony marking the signing of al-Nasiri's book at the headquarters of the Association of Iraqi Private Banks in Baghdad. And follow-up and a statement of opinion in various areas and places, "noting that" is characterized by a special nature, as the view of the writer is a holistic view and not partial. "

He added that "Samir Nusseiri wrote the book with open eyes on the reality of the Iraqi economy as a whole, and this subject is very important because the banking sector and all policies that are linked to this sector is undoubtedly part of a large system affect each other," pointing out that "Nasiri when he writes It speaks of reality in all its dimensions, and its various effects on this sector, whether affected by what is going on around him or affect what surrounds him.

"We have a lot of indicators and facts in the central bank that prove this fact. Unless there is a holistic view of our reality, it is difficult to make fundamental structural changes. For example, in the absence of stimulus programs for the real industrial and agricultural sector, "But the real rate of implementation in these initiatives is still modest, although everyone is talking about the need and the need of the country to stimulate real sectors and provide significant investment opportunities in this area."

"When we talk about the banking sector today, as the book speaks, and it looks at all the things that are related to the economic aspects and looks at it from this perspective, for example the issue of selling the dollar by the central bank, I said why we all talk about one side is the supply side , And why not talk about the other side of the demand for the dollar, "noting that" when we talk about the demand for the dollar, then we will correct the large structural imbalances that exist in our economic reality, but when we press on the offer by the Central Bank will create large imbalances in the Iraqi economy, It will affect all economic activities, monetary stability, exchange rate and so on. "

The central bank governor asked: "Why are those who respond to the request to be held accountable, without accounting and analyzing the other side of the demand, and how it occurs due to a significant shortage in the real sectors and their inability to satisfy the demand of domestic demand from agriculture and industry, in addition to other aspects such as health, "And when I read the book of Nasiri from the cover of the cover and his grandmother talking about these things, and we are proud of the tender, and thank the Association of Iraqi private banks to create such conditions and atmosphere and support for such trends.  


Views 202   Date Added 20/06/2019

 
 

What is Alak trying to say about demand for the dollar ??😅🙏

 

 

"noting that" when we talk about the demand for the dollar, then we will correct the large structural imbalances that exist in our economic reality,

 

but when we press on the offer by the Central Bank will create large imbalances in the Iraqi economy, It will affect all economic activities, monetary stability, exchange rate and so on. "

 

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 A letter open to the Prime Minister of Iraq, his people and his economy first
 
15938.jpg
 
  

 Articles
Samir Nusairi

 

Peace, mercy and blessings of God

Two days ago, in the media and social media, there is a change in the leadership positions of the private agencies. On the basis of what is specified in Article 8 e in the Budget Law 2019 that the 2019/6/30 date for the termination of proxy positions for all the leading positions in the Iraqi government. 
I believe that the application of this article transparently and without prior political intentions means that the competent authorities in the government and in the House of Representatives reassess those who hold these positions by adopting important and fundamental criteria that begin first and foremost from a analytical and analytical view of the results of the work of the official in the post. And what he and his team was able to achieve from the national achievements and have a direct impact on achieving the central objectives of the previous and current government within the hubs of its government programs approved by the House of Representatives.
In order to be clear and specific and direct and in the best interest of Iraq and its national economy. He called on Dr. Adel Abdul Mahdi, the Prime Minister of the distinguished. He is an economist who knows all the areas of success and failure in the Iraqi economy and who are the symbols of success who have achieved economic steadfastness and to take steady steps to achieve economic stability during the years Previous. 
What concerns us here is the role played by the Central Bank of Iraq and its achievements and bright points during the lean years (2015-2019), in which Iraq suffered from economic and security shocks and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to the economic steadfastness And decisive victory over terrorism because military victory can not be achieved without steadfastness and economic support.

Therefore, through the review, analysis and evaluation neutrality and transparency of the Iraqi economic situation and in particular is achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts and evidence and signals and achievements confirm that the Central Bank of Iraq proved to be the economic institution through its important achievements in supporting the economy National economic resilience and strive to accomplish economic stability, according to the main objectives of the strategy and sub-working side -by- side and fruitful cooperation with the special representative of the Iraqi Association of banks of the banking sector and this is what really achieved  
 as it contributed to the The victory over terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq a key role and leading in achieving.

The most important of which is the support of the state treasury, the stability of the exchange rate, the recovery of the Iraqi dinar, the reduction of inflation and the maintenance of its share of less than (2%). And to maintain a 160% cash reserve as a cumulative accumulator in accordance with the latest IMF standard with gold reserves within an excellent record rate. The third is the Arab and the 37th globally, in addition to its adoption of standards and controls that comply with the requirements of international standards of compliance and Kavhh money laundering and terrorism financing and liquidation of up to 700 international Note registered on the Iraqi banking system and our exit from the area of monitoring and follow-up according to the Financial Action Task Force (FATF (and strict adherence to achieving basic goals 
And the activation and consolidation of new visions for the applications of monetary policy and the important thing achieved is the stability of the exchange rate and reduce the gap between the official price of the US dollar and the parallel price, which is a key objective of monetary policy 
 and the implementation of the policies of re-trust banking transactions with Iraqi banks and Arab and foreign banks and seeking to build a solid banking sector and continuing To make extraordinary efforts to improve the 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. The Security Council's invitation to the Governor of the Central Bank in his rare event to present the achievements in the field of combating money laundering and financing of terrorism. The procedural, regulatory,
Which aims at achieving financial stability and developing the banking business technically, structurally and organizationally, and raising the percentage of financial coverage to the target percentage, where he prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and banking mechanisms, which formed a solid base on the domestic and abroad. All these achievements have prompted the Arab bank governors to elect the Governor of the Central Bank as the current governor of the Arab Monetary Fund and as the chairman of their board in the next session, a vivid embodiment of Iraq's economy recovering from its crises and that is a tribute to the Iraqi people and its economic, financial and banking institutions.
The Prime Minister is required to implement Article 58 in the budget of 2019 in accordance with transparency and respect for the principle of public service in the service of society and to be honored the achievement of national economic achievements and they are on the agency's site and install and motivate them to complete the triumphant march in the service of Iraq and its people and economy. With appreciation


Views 50   Date Added 28/06/2019

 

 

http://economy-news.net/content.php?id=17061

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56 minutes ago, Mary B said:

And the activation and consolidation of new visions for the applications of monetary policy and the important thing that is achieved is the stability of the exchange rate and reduce the gap between the official price of the US dollar and the parallel price is a key objective of monetary policy

I’m liking the Shiite that he’s shoveling! Show me the money!!!!

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  • yota691 changed the title to Monetary Policy Harvest (2016-2019)

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