Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Monetary Policy Harvest (2016-2019)


yota691
 Share

Recommended Posts

 
3924.jpg
 
  
 

Economy News _ Baghdad

The economic and banking advisor of the Association of Iraqi Private Banks Samir al-Nusairi said on Tuesday that the policies and procedures adopted by the Iraqi Central Bank and implemented by the Iraqi private banks, most notably the classification and evaluation of banks in accordance with their commitment and implementation of international standards in the rules and regulations of compliance and international accounting and combating money laundering and terrorism financing and management of credit risks and operational risks Liquidity and market and achieve the objectives of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and the construction of a solid banking sector is a clear and specific work program targets Boards ofdirectors of banks and executive departments, has proved successful at the level of re - confidence in the banking sector and financial internationally and locally .

The purpose of the above-mentioned policies in 2017 and developing them in 2018 is to address the negative remarks identified by the Central Bank during the field visits of the Governor and the Bank's team during this year to banks. This is a methodology for developing the banking practices and procedures aimed at upgrading the products and services to the level planned by the Bank. The Central Bank within the Strategic Action Points for the years (2016-2020), in order to achieve financial stability, financial coverage, investment of human capital, training and rehabilitation of human resources banking by the Center for Banking Studies in the Bank and the Association of Banks Which has been able to train 1700 employees in the areas of compliance and international standards and combating money laundering and financing of terrorism and in the field of modern banking technologies, which contributes to reducing the technical gap between Iraqi banks and Arab and foreign banks and thus re-confidence in the Iraqi banking sector and move to

The Governor of the Central Bank of Iraq, Ali Mohsen Alalak called in a letter addressed to the banks of the license and all formations of the Central Bank and the Association of Iraqi private banks, in the second half of this year to the need to adopt proactive control and field visits and exploration to identify the joints imbalances and the foundations of success and upgrading the Iraqi banking sector to The banking sector is solid and striving to stimulate best practices and rules that achieve stability, progress and advancement.

 

Views 37   Date Added 11/28/2017

 
  • Upvote 4
Link to comment
Share on other sites

in the second half of this year to the need to adopt proactive control and field visits and exploration to identify the joints imbalances and the foundations of success and upgrading the Iraqi banking sector to The banking sector is solid and striving to stimulate best practices and rules that achieve stability, progress and advancement.

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

  • 2 months later...
 
5187.jpg
Samir Nusairi
 

 

Samir Al Nusairi, the economic and banking advisor to the Association of Private Banks, affirmed that the Central Bank's adoption of standards and controls conforms to the requirements of international standards and the basic and subsidiary objectives of its strategy until 2020 and to activate and consolidate new visions of monetary policy applications for the purpose of achieving its objectives set out in Law No. 56 of 2004 based on transparency, disclosure and application of international standards And the confidence in banking transactions between him and banks and thus building a solid banking sector will be one of its important objectives in 2018.Pointing out to the demand of the banking departments in cooperation with the quality departments in the central bank to implement the instructions and the rules and regulations and executive decisions issued by the higher authorities and that the implementation is in line with the spirit and contents of the instructions and to enhance the continuation of the provision of banking services to customers and achieve the objectives of monetary policy and continued efforts made by the exception of the Association of Banks Banks are improving their banking reputation with international financial institutions and organizations and correspondent banks.

Al Nusairi said that the Central Bank has worked during the past two years with deliberate and sequential steps and coordinated with the concerned international bodies and building strong relations with the Arab and foreign central banks as well as the Association of Banks to move across the Arab and foreign countries to clarify the bright points of the Iraqi banking sector and developments during 2016 and 2017 and in coordination with The Central Bank, where procedural, regulatory and structural policies were drawn up and issued its strategy for the years (2016-2020) and set its objectives to achieve financial stability and develop banking work technically, structurally and organizationally with a view to achieving financial coverage. Has prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and the mechanisms of banking work, which formed a solid base on the scale of the home and abroad, which led to the transfer of the state of the Iraqi economy in its main rings and the most prominent financial sector from the stage of gray to follow-up and was expected to move to another advanced stage in the

He added that all this led the Central Bank to plan for a new phase in 2018 based on the following pillars: - 

1 - Working and dealing with banks Balayat and standards of work and a new assessment of the pressures of specific instructions and give them the flexibility and privileges and facilities to achieve many of the central objectives in economic and banking reform is transparent and transparent, with strict adherence to the application of international standards adopted.  

2 - Dealing with banks based on the provision of new and high-level banking services and products and restore public confidence in the banking sector and achieve a strategy of financial inclusion. In addition to its results and the extent of its commitment to implement the monetary policy directions of the Central Bank and reflect on its actual contribution to GDP and its contribution to sustainable development and its transition from the role of banking to the developmental role.                                                     

 3- Dealing with banks in accordance with the evaluation and classification criteria adopted by the Central Bank in accordance with international standards. He concluded by saying that the Central Bank has introduced new policies and visions and mechanisms of smooth implementation, but it is monitored and followed up on a daily and accurate basis inside and outside Iraq in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector.

 
Views 8   Date Added 10/02/2018
  • Thanks 1
  • Upvote 4
Link to comment
Share on other sites

On 2/10/2018 at 5:26 AM, yota691 said:

in order to achieve the above economic goals and strengthen international banking relations with the international banks in order to serve our national economy and the banking sector.

 

Sounds ..... promising.  I sure hope it means something.  :praying:

Thanks for all you do yota!! 

Edited by Half Crazy Runner
  • Like 2
  • Upvote 1
Link to comment
Share on other sites

1 minute ago, Floridian said:

 

 If they have already adopted the standards of international banking, shouldn’t they have  adopted international money as well?

 

in all the years ive never been able to out guess em ... but one can only hope floridian... the thievery and corruption has been mind boggling  

  • Thanks 1
Link to comment
Share on other sites

  • 2 weeks later...
 
6134.jpg
 

  

 Banks


Economy News _ Baghdad

The economic and banking adviser to 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.
Al-Nusairi said in an interview with "Economy News" that "the Central Bank has worked mainly on combating money laundering and financing of terrorism, strict adherence to international regulations, rules and standards, re-evaluation and classification of banks in light of their compliance with compliance regulations and determining the last beneficiary in the window of sale of foreign currency and work mechanisms New in the proactive control internally and externally led to higher value and purchasing power of the Iraqi dinar against the dollar exchange rate, "noting that" the most prominent reasons for the recovery of the Iraqi dinar is the plan and procedures of the Central Bank and cooperation with the banking sector and the commitment to Died 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 three 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 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 and taught because what has been achieved is a major development and victory we call in Iraq financial victory and economic steadfastness. " 
"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 72 banks, 7 of which are government and 65 private banks, and the number of know the banks inside and outside Iraq up to 1068 branches." 
He pointed out that "during the past 5 years from 2013 to 2017, we note that the capital of the Iraqi banking sector grew by 98%," noting that "the total assets of the banking sector grew by 15.7%, and deposits, which constitute the basis of liquidity of the banking sector grew by 154% While monetary credit grew, ie loans granted to customers and the Iraqi citizen by 77.5%.
He pointed out that "the developments in the banking sector indicate the efficiency of the performance of this sector trends that are reflected on the gross domestic product," pointing out that "the various economic sectors, including the Iraqi banking sector, which is the first link in the economy indicator of measuring the efficiency of its performance is the extent of its contribution to gross domestic product "He said, adding that" despite this development in the sector, its contribution to gross domestic product is not the level of contributions of the regional countries that preceded us. " 
He added that "in view of the reports of the International Monetary Fund and the World Bank, which indicates that the contribution of cash credit to the gross domestic product in Iraq does not exceed 8%, compared to the Middle East and East Africa by 55%," adding that "
He added that "the oil revenue constitutes 95% of the revenues allocated in the budget and therefore affected Iraq significantly during the decline in oil prices," He 
added that "the policy of this central bank contributed to pay the dues of farmers and contractors and played a key role in the launch of the initiative to finance small and medium enterprises and this initiative "The central bank has followed this bold and deliberate step in order to activate the economic cycle because this initiative achieves two goals: the first is economic and the other is social," he said.
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 standards for the classification of banks with the classification of a and b and c This is a connotation of international standards issued by the Financial Action Organization All this helped Iraq to move in the light of the arrangement of this organization from the gray area to the follow-up area and we hope to 2018 to move to another advanced stage in which credit rating improves For Iraq ".


Views 916   Date Added 26/02/2018

  • Thanks 1
  • Upvote 9
Link to comment
Share on other sites

  • yota691 changed the title to Nusseiri issues his book (Central Bank in the face of the challenges of economic and financial crisis)
 
6269.jpg
 

  

 Banks


Economy News Baghdad


The economic and banking adviser to the Association of Iraqi Private Banks, Samir al-Nusairi, issued his book entitled (Central Bank in the face of the challenges of economic and financial crisis), which documents the Bank's efforts in supporting the national economy.

Al-Nusairi said in a seminar to present the book, held in the Central Bank of Iraq and attended by the "Economy News", that "it is held under the guidance of the Governor of the Central Bank Ali Al-Allaq to review the book," noting that "it documents transparently and impartially the Central Bank's procedures 2017-2015 Has been able to take effective steps to support the national economy and promote economic steadfastness. " 
He pointed out that "includes ten chapters with 300 pages of medium-sized pieces containing an overview of the objectives and positions of the Central Bank of Iraq as stated in Law 56 of 2004, and the challenges facing monetary policy and financial and economic analysis of the structural imbalance in the economy in addition to the central crying procedures in the face of these challenges and overcome The economic and financial shocks that faced Iraq. "
"One of the chapters discusses the central bank's strategy for 2016 2020, its five basic goals and its subsidiary, which has 18 goals," he said. "It includes an assessment and classification of the banking sector in accordance with international standards, particularly the classification for the purpose of selling the currency." 
He pointed out that the book deals with the analytical vision of the objectives of the policy of Iraq and its instruments and the achievements of the years 2004 and 2017, as well as containing an important chapter on the challenges facing the banking sector and how to face them by the Central Bank of Iraq, The administrative and regulatory procedures carried out by the specialized departments of the Bank, which contributed effectively to achieve the direction of the Central Bank to support the national economy.
He concluded by saying that his latest version contains a document containing the documents issued by the Central Bank for combating money laundering and terrorist financing and its strategy for the years 2016 2020, in addition to the guidelines for the follow-up and detection of money laundering, as well as a statistical annex to the tables and financial statements, Period.

The symposium was attended by the participants of the symposium, the first of which was the Director General of the Administrative Department of the Central Bank of Iraq, Saleh Mahoud, where he praised the book promising scientific achievement important especially for researchers and science seekers.

In turn, praised the President of the Association of Private Banks, Wadih al-Hanal, the role of the Central Bank of Iraq regarding the establishment of confidence between the banking sector and the Central Bank.


Views 22   Date Added 03/01/2018

  • Upvote 5
Link to comment
Share on other sites

Economic Press

   
 

 
 

Author: Yasser Metwally

04/3/2018 12:00 AM

When talking about the economic press we have to point out that it is a new specialization in the Iraqi press, which is the result of the stage of change, after 2003. 
The first to be aware of this issue is the newspaper Al-Sabah and was credited in this matter to colleagues Abdul-Jabbar Carp and Falah Almashal on the basis of my proposal for a single economic pages to the economic news and all what is meant by the economic issue. In 2004, he was a secretary of news editing and was adopted by the man. After a while, he proposed an economic supplement. He obtained the approval of the carp, where he was the president of the liberation and received the admiration and interest of readers, economists, interested parties and followers. 
Perhaps the seriousness of the economic press lies in the inaccuracy of information or analysis of a particular economic phenomenon
And distorting the image of the economy amplify the phenomenon and deal with it irrationally and sure this approach stems either from spontaneous writer sometimes his priority to show the image of the noisy economy. 
On the other hand, reducing the value of the economic picture "the reality of the economy" has a negative impact and the reasons may be the same as mentioned in the mechanism of exaggerating the phenomenon. 
Therefore, the economic statements are important and should be emitted from the specialists and towards successful solutions based on sound economic vision.
And away from the intimidation and the reduction of economic phenomena and has been confused, "morning" a different way to address the economic issue and succeeded in attracting the interested and followers and decision-makers alike and the reason for accuracy, objectivity and impartiality in the subtraction and moral integrity in the media discourse. This issue raised again for the attention of The ability of one writer of the book "morning" through the opening of a book on the challenges faced by the Central Bank of Iraq to the economic and financial crisis in Iraq. 
The author was able to convey a realistic picture of what the Central Bank presented in this regard. This image should be a push and encourage the rest of the state institutions to deal with crises.
This comes in the wake of an attack on the central one on the subject of one split opinions on the currency window regardless of whether this is true or wrong and even if you assume that there are errors or errors named whatever you want Is it reasonable to float on the surface and obscure achievements? 
What is narrated by Samir Nusairi, the author of the book "Al-Sabah", is a living example of what our economy suffers from the harshness of assessments and a vivid example of the reality of the phenomenon based on the principle of "good deeds go wrong" 
  • Upvote 3
Link to comment
Share on other sites

  • 2 months later...
The Central Bank of Iraq deserves to be honored with the title of victory and excellence
 
7667.jpg

  

 Articles
Samir Nusairi

 Samir Nusairi

In the military tradition, the armed forces can not achieve the victorious victory over the enemy without a civil effort and the most important effort and the most important effort must be provided by the government and all its organs is the economic effort that contributes to the decisive military victory. And this is what has been achieved already and work and reality Corps of the Central Bank of Iraq and its national team led by the province of perseverance and Mujahid and keen to serve his country and its people and national economy. That the remaining age of the current government a few days and here requires them and the Iraqi people conscious to assess the stage of the previous four years in which our country faced an economic crisis and financial suffocation for the reasons known and achieved the victory over terrorism and accompanied by another victory is the steadfastness and economic victory, The Iraqi Central and Governor Ali al-Alak key role and leading in achieving.        

 Standards and regulations in line with the requirements of international standards and the basic and sub-objectives of its strategy until 2020 and activate and consolidate new visions for the applications of monetary policy for the purpose of achieving its objectives set out in Law No. 56 of 2004 based on transparency and disclosure and application of the basics of re-confidence in banking transactions between him and the banks and building a solid banking sector and continuing efforts Exceptional improvement of banking reputation in institutions and international financial organizations and correspondent banks.
The Central Bank has worked during the past years with deliberate and sequential steps and coordinated with the concerned international bodies and building strong relations with the Arab and foreign central banks. The procedural, regulatory and structural policies were also drawn up and issued its strategy for the years (2016-2020) and set its objectives to achieve financial stability and develop the banking business technically, Access to financial coverage 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 scale of the home and abroad, which led to the transfer of the state of the Iraqi economy rings The most important of the financial sector from the gray phase to the follow-up was expected to move to another advanced stage in 2018 as a benchmark to the assessment and standards of the Financial Action Organization. We at the time we congratulate the government to enable it to achieve victory over terrorism and uprooting it from the land of Iraq and achieve economic steadfastness and financial victory by the efforts of its competent economic agencies, most notably the efforts of the Central Bank and its distinguished national team. I call on the Prime Minister and before the end of his constitutional government to honor the military and economic achievements Giving them medals of victory, creativity and excellence. And thus we have given to the loyal men of Iraq and we have affirmed the love of Iraq and its people for them.

 
Views 364   Date Added 05/03/2018.......http://economy-news.net/content.php?id=12175
 
  • Like 1
  • Upvote 5
Link to comment
Share on other sites

Quote

The Central Bank of Iraq deserves to be honored with the title of victory and excellence

 

 

Not until you have an international currency at the proper rate. Until then, sit back down at the kid's dinner table which is what you deserve.

  • Like 1
  • Haha 3
  • Upvote 3
Link to comment
Share on other sites

How about NOT putting the cart before the horse ( uh er, Camel I guess ); lets " delay " the accolades ( y'all don't have a problem with a "delay " I know ), until AFTER the CBI pulls the lever and the IQD goes Global. Whaddaya say ?

 

God, it's just typical of these people. Hoist the Flag, Bring out the Horns - " We're this or that " when they ain't and it don't matter, cuz we are what we say we are even though we're NOT !  :facepalm:  Sun Baked Brains = FANTASYLAND

 

Only a matter of time that " in the coming days " we shall " Soon " see during the " coming stage " an " unprecedented economic recovery " :praying:  ;)

  • Like 1
  • Haha 2
  • Upvote 2
Link to comment
Share on other sites

  • 4 weeks later...

Towards a solid banking sector

  8175.jpg

 Articles

 

Samir Nusairi

In the middle of last year, and through a diagnostic and analytical view of the Central Bank of the expectations of a new stage of economic stability after the Orientalism of a new economic reality after the economic steadfastness and decisive victory over terrorism Mr. Ali Al-Alaq, the Governor of the Central Bank sent a letter to Iraqi banks and the Association of Iraqi private banks ) Is a curriculum and a clear and specific work program for the boards of departments of banks and executive departments. At the meeting held Sunday for banking leaders, the governor stressed the validity of reading the visions and policies and steps that the message organized after the variable And developments in the stability of the exchange rate for three months and the urgent need for banks to move to the stage beyond the window of currency and the orientation to real banking. And that the boards of directors assess the course of the banks and start effectively implement the message, whose first objective is to address the negative remarks that the governor and the central bank departments during their field visits to banks during the past year and this year and adopted a methodology to develop the practices and development procedures achieved by banks to upgrade the products and services to the level of banking Which is planned by the Central Bank within the Strategic Action Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy. And the focus on that banks must determine their needs from the Central Bank for the purpose of continuing to communicate within the banking system sober, which provides the latest and best products and banking services for citizens and modern techniques and contribute to the revitalization of the economic cycle and contribute to development because it is time for banks to consider unable to meet the requirements of the next phase seriously The integration of the new phase, as defined by the letter is the adoption of proactive control and field visits and exploration to identify the joints of imbalance and the foundations of success and upgrading Iraqi banking sector to the discreet banking sector and seek to stimulate best practices and rules that achieve stability, progress and advancement.                          

Views 184   Date Added 28/05/2018

http://economy-news.net/content.php?id=12463

  • Like 1
  • Thanks 4
  • Upvote 7
Link to comment
Share on other sites

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

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.