Butifldrm Posted May 9, 2018 Report Share Posted May 9, 2018 Al-Mutawa to «Economy News»: Al-Baraka Bank of Bahrain will open a branch in Baghdad soon Chief Executive Officer of Al Baraka Islamic Bank Mohammed Issa Al Mutawa «Economy News» Interviews Economy News Baghdad: Albaraka Bank of Bahrain announced that it is opening a branch in Baghdad to provide banking services. "We have been in Iraq for 10 years through a branch of Al Baraka Turki Bank in Erbil and we are now completing the opening of a branch of Al Baraka Bank in Baghdad," said Mohammed Issa Al Mutawa, Chief Executive Officer of Al Baraka Islamic Bank. And will provide banking services to the Iraqi market, and will serve as a focal point for all units of Albaraka Banking Group . He added that "the Iraqi banks are large in size and performance, even if compared to similar in the Arab countries, and is moving in the right direction," noting that "initiatives by the Association of private banks, which visits to Arab countries such as the Kingdom of Bahrain and meet with financial and banking, would develop the banking sector In Iraq " . He pointed out that "our visit to the headquarters of the Association of Iraqi private banks and meet with the Executive Directorate and its Board of Directors aims to identify banking services conducted by Al Baraka Banking Group, as well as to discuss how to develop the banking sector and what to do," pointing out that " A gateway to attract foreign investment, the more the strength of banks increased their ability to attract foreign investment and to carry out infrastructure projects and various activities . He stressed that "some Arab countries, through their central banks to issue laws governing Islamic banking, and the issuance of laws on Islamic banking, leading to more foreign investment, and the absence of laws raises many concerns of foreign investors . " He pointed out that "the volume of Islamic banking in Bahrain has reached 25% of the banking sector, and Islamic banking is newly established compared to the commercial banking that extends for 200 years . " Views 688 Date Added 30/04/2018 http://economy-news.net/content.php?id=12130 5 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted May 13, 2018 Report Share Posted May 13, 2018 (edited) CBI: Government and Islamic banks T Bank name Bank and telephone address Director General and Associate Capital (Millions of Dinars) Number and date of vacation E-mail 01 Rafidain Bank / The Bank of Iraq was merged with him (former Socialist) Baghdad / Rashid Street / Banks Street General Manager Dr. Khoula Taleb Jabbar Al-Asadi M. General Manager 1. Hussein Issa Omran 2. Victoria Ezzat Zarzis 126,000 Law No. 33 Establishment of Rafidain Bank on 25/3/1941 Rafidain_bank2010@yahoo.com rafidain@cbiraq.info 02 Good Baghdad / Rashid Street / Banks Street Director General Dr. Rashad Khudair Wahid M. General Manager 1. Ali Abdul Mahdi Al-Abaiji 2. Moataz Abdul Rasool (Agency) 3. Anam Sabahi Ali (Agency) 4. Dr. Siham Mohammed Abdel Harf 50,000 1988 Rasheedbank_88@yahoo.com rasheed@cbiraq.inf 03 Industrial Baghdad / Al-Sinak / Al-Khalani Square General Manager Bilal Sabah Hussain Al-Hamdani M. General Manager Abbas Shehab Ahmed Al-Jawahiri 175,000 It was founded in 1935 with agricultural and was separated in 1945 and March 1946 info@indbk.gov.iq ghaziaaw@indbk.gov.iq ceo_office@indbk.gov.iq industrial@cbiraq.info 04 Agricultural Cooperative Baghdad / Al-Sanak / Al-Rashid Street General Manager Mr. Seri Abdullah Shaaban M. General Manager Adel Attia Khudair 100,600 1935 agriculturalcoopbank@yahoo.com agbank@agbank.gov.iq agricultural@cbiraq.info 05 Real estate Baghdad / Salhiya / Karada Maryam / in front of Al-Shawi Mosque General Manager Sadiq Huwaidi Abbas M. General Manager Khaleda MajidKassel 50,000 1948 info@reb-iraq.com reb@cbiraq.info cbs@reb-iraq.com 06 Iraqi Trading Baghdad / Al-Yarmouk / adjacent to Al-Maamoun General Manager Faisal Wissam Mohi Al- Hummas General Manager 1. Fuad Hussein Al-Wakil 2. Firas Sami Mohammed Z 2.750.000 105/3/9, 24/1/2004 info@tbiraq.com neran.salah@tbiraq.com ceo_office@tbiraq.com faisal.alhaimus@tbiraq.com tbi@cbiraq.info T Bank name Bank and telephone address Director General and Associate Equity capital Number and date of vacation E-mail 01 Islamic rivers Bab al-Mighty / near the iron bridge Director General of the Agency Mohamed Samir Abbas 125 billion dinars 12316/3/9 08/17/2015 nahrain_islamic_bank@yahoo.com T Bank name Bank and telephone address Director General and Associate Equity capital Number and date of vacation E-mail 01 Islamic Elaph Baghdad / Sahra Kahramana / M 902/2 / Building 4 Assistant Director Abbas Qasim Sultan 250 billion dinars 884/3/9 2001/530 info@eibiq.com 02 Iraqi Islamic Baghdad / Mansour / M606 / G.18 / Building 67 Managing Director Hamam Thamer Kazem Al Attar Assistant Director Muhannad Faisal Abdul Hamid 250 billion dinars TS / 1/6893 info@iraqislamicbank.com www.iraqiislamicb.com 03 International Islamic Kurdistan for Investment and Development Arbil / Ain Kawa / Kolan Street / 40 Director General of Bustam Aboud Al Janabi 400 billion dinars 957/3/9 29/05/2005 kifaa@kibid.com 04 National Islamic Baghdad / Al Aras Street Assistant Director Abbas Fadel Rahim 251 billion dinars 2641/3/9 2005/9/26 info@nibiq.com 05 Degla and Euphrates for development and investment (trusteeship) Baghdad / Arasat Hindi / M 929 / G.65 / 9 The guardian Mohammed Ali Moussa 112 billion dinars 2025/3/9 11 November 2005 info@dfdi-bank.com www.dfdi-bank.com 06 Islamic cooperation Baghdad / Arasat Hindi / Pool 929/17 / Building 59 Director Mohsen Abdel Hassan Assistant Director Hassan Ali Abed 144,481,154,019 billion dinars 432/3/9, 3 March 2007 taawenbank@yahoo.com 07 Islamic country Baghdad / Karrada / near the Freedom Square Director-General Haifa Abbas Baqer Assistant Director Moin Abdul Aziz Al-Malak 250 billion dinars 2389/3/9 10 October 2006 dg@bilad-bank.com www.albiladib.com 08 Jihan Islamic Investment & Finance Rabeel / Kulan Street7709771958 7507035900 Director Ahmed Abdul Khaliq Assistant Director Ahmed Khalaf Shehab 255 billion dinars 1995/3 03/06/2008 www.cihanbank.com.iq info@gihanbank.com.iq 09 Abu Dhabi Islamic Baghdad - Land / Warka Building Director, Commissioner Mona Fahmy Yaseen Assistant Director Zaid Abdul Karim Mahdi 25 million dollars 09/03/1740 06/10/2010 IRQ.Tellers@adib.com 10 Turkish pond Rebel / Housing / Street 60 Director of the commissioner Mehmet Salahuddin Ozbay Assistant Director Yilmaz Aref Hassan Aghour $ 21,282,905,262 1695/3/9 4/4/2011 erbil@albarakakaturk.com.tr T Bank name Bank and telephone address Director General and Associate Equity capital Number and date of vacation E-mail 01 Islamic world Baghdad / Street struggle Assistant Director Laith Abdul Alah Ali 250 billion dinars 1763/3/9 2016/2/2 inf@wdking.com 02 Islamic South Baghdad / Palestine Street / opposite the University of Mustansiriya Madiralmvud Ahmed Zaki Younis , Deputy Director Amin Abdul Sattar Amin 250 billion dinars 1792/3/9 2016/2/2 info@jib-iraq.net WWW.jib-iraq.com 03 Islamic Roots (commandments) Al-Saadoun Street / 10.10 / 9/9 / Building.95 / adjacent to Baghdad Hotel Roushdy Saad Rachid is a judicial guard 250 billion dinars 6489/3/9 2016/5/5 alrwahel bank@gmail.com 04 Arabic Islamic Baghdad / Mansour / Street 14 Ramadan / Building No. 1 Director Duraid Yassin Hamdan 250 billion dinars 9847/3/9 2016/6/20 Info@alarabiyabank.com 05 The Islamic Light of Iraq Baghdad / Kahramana Square / M.902 / Street.99 / Building.44 Tel: 07721102566 Tel: 07803000029 Madiralmvud Sabah Hassan Khazaal Associate Director Hani Abd al - Majid Valley Sea 250 billion dinars 10531/8/9 2016/7/4 www.inibiq.iq info@inibiq.iq 06 Zain Iraq Islamic Baghdad / Karrada / Arasat Hindi / Babel district / M. 925 / Z.32 / D.124 Associate Director Raghad Nabil Talib 250 billion dinars 11692/8/9 2016/8/11 zain.iq.bank@gmail.com 07 Islamic world Baghdad / Karrada / land / near the Tigris and Euphrates Bank Director Suha Zaki Abdul Rasool Kafai 100 billion dinars 13433/8/9 2016/9/19 info@imtb.iq 08 Islamic Holding for Finance and Investment Baghdad / Sheikh Omar II Street / opposite the filling station Sheikh Omar Director General Haidar Kazem Ghulam Associate Director Suzanne Dawood Namdar 250 billion dinars 2142/8/9 2017/2/8 ceo.qibfi.com 09 Ansari Islamic Investment and Finance Baghdad / Al-Wahda District / Salman Faeq Street / M904 / Building 98/323 Associate Director Taghreed Ismail Alwan 250 billion dinars 2139/8/9 2017/2/8 nadayex@yahoo.com 10 International Islamic trust Baghdad / Al-Batawin / M906 / G.38 Near the Investigation Square Director - Commissioner Mohammed Muslim Jarallah Assistant Director Esra Ali Mohi Eddin 100 billion dinars 2069/8/9 2017/2/7 info@islamic-trust-bank.com 11 Islamic investment and finance Baghdad / Karrada / Saadoun / M.101 / G.91 / Building Director Commissioner Mohamed Abdel Latif Ali Ghadban 100 billion dinars 3231/3/9 2017/3/5 ALrajihislamicbank@gmail.com 12 Al Qurtas Islamic Investment and Finance Baghdad / Karrada / Arasat Hindi / Nazmiya / property number .457 Assistant Director Amal Jabbar Fares 250 billion dinars 3357/3/9 2017/3/6 info.qurtasbank@qib.iq 13 ASIA TURKEY (FILTER) Erbil Author Ahmed Abbas Ahmed - - asya@cbiraq.info 14 Asia Islamic Iraq Baghdad-Al-Karkh-Al-Ma'amoun neighborhood Executive Director Najla Sabri Shaker 100 billion dinars - - MORE Edited May 13, 2018 by DWS112 1 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 13, 2018 Report Share Posted May 13, 2018 Need some value here. 2 1 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted May 25, 2018 Author Report Share Posted May 25, 2018 "International Monetary" officially recognizes the regulations governing Islamic finance Fund: Islamic finance will contribute to international financial stability 24 May 2018 11:06 PM Mubasher: The International Monetary Fund (IMF) has adopted the Fundamental Principles for the Regulation of Islamic Finance, developed by the Islamic Financial Services Board (IFSP), with the participation of the General Secretariat for Banking Supervision in Basel, Switzerland. The International Monetary Fund (IMF) said in a statement issued on Thursday that the set of principles adopted for Islamic finance aims to regulate and supervise the Islamic banking industry, taking into account the specificity of Islamic banks. The Fund said that the principles of Islamic finance "CFEFR" will contribute to international financial stability, while providing incentives to take the framework of hedging the Islamic banking industry through judicial channels. The Islamic finance sector continues to grow and develop in size and complexity with the introduction of Islamic banking services in more than 60 countries. The growth of Islamic finance represents important opportunities for enhancing financial coverage, deepening financial markets and mobilizing financing for development by providing New financing methods and attracting "non-defaulting" residents who have not been involved in the financial system. 8 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 25, 2018 Report Share Posted May 25, 2018 I have major faith....times are gonna turn for the better I tellya 4 1 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 26, 2018 Report Share Posted May 26, 2018 41 minutes ago, Officiallytook said: I have major faith....times are gonna turn for the better I tellya I am with you on that one too. 3 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 26, 2018 Report Share Posted May 26, 2018 It seems that there is a real push to get Iraq to be a real functioning country. 3 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 26, 2018 Report Share Posted May 26, 2018 35 minutes ago, ChuckFinley said: It seems that there is a real push to get Iraq to be a real functioning country. Exactly getting them to do "real" banking 1 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 26, 2018 Report Share Posted May 26, 2018 5 minutes ago, Officiallytook said: Exactly getting them to do "real" banking Pushing everyone to the Cards was a start. We will just need to see how this plays out, but in the right direction for sure. 2 Quote Link to comment Share on other sites More sharing options...
TOMINVEGAS Posted May 26, 2018 Report Share Posted May 26, 2018 think I’ll take out a loan for zero interest rate from an Islamic Bank and loan that money out for say, 6%.... is that how that works? .... but seriously, yes a step in the right direction for sure 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted May 26, 2018 Report Share Posted May 26, 2018 The growth of Islamic finance represents important opportunities for enhancing financial coverage, deepening financial markets and mobilizing financing for development by providing New financing methods and attracting "non-defaulting" residents who have not been involved in the financial system. Bring your chunky cash... Open a bank account, get interes...ATM /debit card.....loans. financial inclusion. Go RV Go $1:1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted May 28, 2018 Author Report Share Posted May 28, 2018 The Central Bank decides to establish 6 Islamic banks by merging 17 financial transfer companies Logo of the Central Bank of Iraq Banks Economy News Baghdad: The Central Bank of Iraq has decided to establish 6 Islamic banks after the merger of 17 financial transfer companies. A document issued by the Central Bank addressed to the financial transfer companies, signed by the Director General of the Department of Islamic Banking Division and obtained by the "Economy News", that "based on the decision of the Board of this bank No. 42 of 2018 adopted in its session No. 1567, held on 29 Dec The initial approval of the merger of financial transfer companies and light and the Nile and the eternal river and the establishment of a bank, "indicating that" the initial approval was granted to the merger of financial transfer companies walls and pearls and the West to set up a bank. " And continued to grant initial approval to the merger of financial transfer companies Silk and Alwail and the Arab Secretary to establish a bank and grant initial approval to merge financial transfer companies Financial Association, Sharjah and Levant to establish a bank. She pointed out that "the initial approval of the Transcontinental Company for financial conversion to complete the procedures for the establishment of an Islamic bank to be merged with the utility of the transfer of financial after granting a license to work as a bank." "It was decided to grant the initial approval of the company to transfer financial spectrum to complete the procedures for the establishment of an Islamic bank to be merged with the company of nobility for financial conversion after granting a license to work as a bank." The capital of the Islamic Bank of 100 billion dinars to be listed on the Iraqi Stock Exchange. Views 301 Date Added 05/28/2018 1 5 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted May 28, 2018 Report Share Posted May 28, 2018 Thanks Yota...This aught to indicate to the CBI the amount of financial interest there is in international trade with the dinar...👀 1 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted May 28, 2018 Report Share Posted May 28, 2018 economic The Central Bank decides to establish six Islamic banks 13:14 - 28/05/2018 0 Information / Baghdad .. Al-Maaloumah publishes a document issued by the Central Bank to the financial transfer companies, signed by the Director General of the Islamic Banking Supervision Department, Qaseem Saleh, which includes the establishment of six Islamic banks after the merger of 17 financial transfer companies. http://www.almaalomah.com/2018/05/28/313394/ 2 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted May 28, 2018 Report Share Posted May 28, 2018 Central Bank grants approval to establish 6 Islamic banks Central Bank of Iraq approved the merger of financial transfer companies with Al-Nour 28 May 2018 12:53 PM Mubasher: The Central Bank of Iraq approved the granting of initial approvals to merge financial transfer companies provided by the Silk Company for the financial conversion of the establishment of 6 Islamic banks. The Central Bank said in a statement today that it had agreed to merge the financial transfer companies with Al Noor, Al Nabil, Al Khald Al Khalid and Al Harith to establish an Islamic bank. The Central Bank approved the merger of the financial transfer companies with Al-Aswar, Al-Waleed and Ata Al-Ghari to establish an Islamic bank. The approval was also granted to merge the financial transfer companies with the Silk, Al-Wael and Al-Amin companies to establish a bank. The merger was approved by the Central Bank of the Transcontinental Company for financial transfer to merge with the Financial Transfer Facility to establish an Islamic bank. The Central Bank granted the initial approval of the company for the spectrum of financial transfer to merge with the nobility company to establish an Islamic bank. https://www.mubasher.info/news/3292523/المركزي-العراقي-يمنح-الموافقة-لتأسيس-6-بنوك-إسلامية 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted May 31, 2018 Author Report Share Posted May 31, 2018 The Central Bank gives preliminary approval for the establishment of 6 Islamic banks Views 30 Date Added 31/05/2018 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 11, 2018 Author Report Share Posted July 11, 2018 Risks of electronic banking operations 12/7/2018 12:00 am Ali Al Waili With the expansion of financial operations in Iraq through public banks and the expansion of Islamic banks and the adoption of electronic banking systems, the need to stand at the risk of these operations has emerged in our economy, which is looking for large-scale construction and reconstruction requires sophisticated banking services. First , the sources of risk for the operations of electronic payment after becoming banking operations rely on technology in all its activities, here begins the risks of e - emerging as the most important risks faced by banks and banking operations, as the electronic banking risks have several sources: 1. As banks are dependent on third parties, which are contracted by the Bank to manage the appropriate technological infrastructure to support electronic banking systems, where its systems are linked to third party systems, and therefore banks may be exposed to high operational risk If the electronic banking systems are not fully integrated, they must be properly monitored and controlled, and the regulatory authorities have a role in assessing the Bank's continued ability to control and control these systems to avoid this type Risk or reduce exposure. Service Providers 2 - The process of assigning some internal work to external parties, may expose the bank to systemic repercussions in the event of a problem of one of these providers, as the growing reliance by the bank on a large number of external service providers and the process of support in the event of a defect One or more external service providers may expose banks to financial, legal and other risks related to the reputation of the Bank and additional risks associated with confidentiality. 3. A second source concerns the issue of security and protection, since electronic distribution channels are open. Banks should ensure the confidentiality and integrity of information, verify customers' identity and legitimacy for bank accounts and control the access of legitimate customers to their accounts in order to avoid fraud, deception and fraud. The illegal penetration of the Internet and the accounts of the original customers. Therefore, the banking departments should develop their internal systems in accordance with the applicable international standards and rules, and establish appropriate protection systems to ensure the identity of customers and the legitimacy of prevention P, encryption and others. Electronic terrorism 4. The Bank is likely to be exposed to reputational risk in the event that online banking is not provided in accordance with the criteria of safety, confidentiality, accuracy, timeliness, continuity and immediate response to the needs and requirements of the customers. Therefore, in order to protect the Bank from any negative situations that may cause damage to its reputation, It must develop, monitor and monitor performance standards for e-banking activities. New threats have emerged, namely terrorism-E, because of their significant negative impact on banking performance and the risks of financing terrorist operations in the world. Therefore, the foundations and studies needed to combat these risks must be established in order to ensure the protection and safety of banking operations. 5. One of the main risks of e-banking operations is the lack of a good Internet service for the provision of electronic banking products and services. Therefore, the bank should provide alternative backup means to distribute services in the event of a certain defect in the Internet. Second: Electronic Payment Risk Management Procedures These procedures are sound policies and practices related to information security management and its role in the development of the electronic security system with quality assurance, through continuous monitoring in the integration of information and used by their risk management systems. 1. Information security regulators should develop a comprehensive approach to risk management associated with internal and external protection systems. They are related to the issue of information integrity to protect the banking system as a whole, which should improve the ability to interfere internally and externally to effectively manage relationships with customers and banks. And other external service providers. 2. Banks should have the policies, practices and procedures required to monitor electronic payments, ensure that the system of monitoring loss events caused by large lines of business is maintained and that exposure to such risks is compromised. Banks should also assess the cost and return of electronic banking operations in general . The element of confidentiality and accuracy 3. The necessity of the bank's attention to the efficiency of external service providers, the adequacy of the contracts signed with them and the soundness of their terms. These contracts focus on the confidentiality and accuracy of the collection and use of customer information by third parties. Information security in light of the rapid technological development in general, and that the most important terms of these contracts are: • Signing the contract substantively by the commissioners at the bank and suppliers. • Verification of the items mentioned in the contract and the amounts and penalties. • Ensure that the legal department approves the contract. • Verify that the contract is renewed based on the needs of the bank on the dates / before the expiry of its validity. • Verification of non-renewal of contracts for unutilized systems. • Check for approvals according to the terms of reference when recommending payment of bills. 4 - The need for the bank to have effective and effective internal control and auditing systems and to activate its role in the exploration and correction of errors and protect the information and assets of the bank and the detection of frauds and identify the causes of these errors, the sources of which are internal and external. 5 - Ensure that all security and protection standards are applied in the process of conducting an alternative site inspection, as well as ensuring that there is a cadre equipped to participate in the business continuity plan in case of disasters. 6. Verify that the department does not grant access to server rooms unless authorized by Access Cards. And a Review of Logs for Access Door 7 - The commitment of the departments and departments involved in electronic financial operations at the bank to provide statistical reports periodically on the nature of the technological and financial problems that the Bank and its customers, as the security events are supposed to be reported through channels of communication clear and as soon as possible, and all employees and external suppliers to Be aware of their responsibilities to report these events. And to develop clear procedures for reporting to include the following: 1. Approved forms to be filled in to assist the reporting officer so that his report is comprehensive of all requirements and information. 2. The report should contain the necessary details. 5 - not to take any individual decisions by individuals, but is supposed to be informed of the decision-makers and the implementation of the procedures. Third: Recommendations of the Basel Committee The Basel Committee on Banking Supervision in 2001 referred to some principles related to the management of operational risks in addition to what was mentioned in some axes and the most important of which are: 1- The Board should be aware of the basic elements of the Bank's operating risks and deal with them as a separate group to be monitored. The Bank's Operational Risk Strategy is to be reviewed periodically, reflecting the Bank's ability to overcome the evolving operational risks of the characteristics of this risk category and to be responsible for adopting the basic form of the overall framework for operational risk management and human resources development and training. 2. The senior management should take responsibility for implementing the operational risk strategy approved by the Board of Directors and apply this strategy in a manner consistent with the Bank's bylaws. Employees should have an understanding of their responsibility for operational risk management. Senior management must also take responsibility Develop the policies, practices and steps required to manage operational risk to be applied to all Bank products, activities, processes and systems at all levels. 3 - The need for availability of information within the banking institution when needed and create a spirit of cooperation to create the appropriate climate for the management of operational risks in the bank by developing communication systems within the different sectors of the bank, and must take into account the objectivity and the importance of periodic reports that will help senior management in the process of monitoring the efficiency of the system Operational risk management. 4. The Board of Directors also has a supervisory view to monitor the performance of e-financial departments in order to identify the risks of self-employment in all types of products and activities, as well as processes and systems. The risks of self-employment are taken into consideration through appropriate evaluation steps before any products And new systems. Conclusion Until specific risk management criteria are established electronically, the Bank will be required to meet the challenge of establishing effective controls to ensure the accuracy and completeness of the information obtained and transferred, identify the procedures required to measure these risks, and develop staff skills by setting standards Merit and periodic evaluation, as well as their participation in specialized professional training programs to keep pace with the developments of modern technology. E-risk, cybercrime and e-payment are all coming to the fore by dealing with electronic financial operations and will continue to be key issues in the future. Sources d. Khader Thira, Financial Crimes in Electronic Space, Publishing Company for Distribution and Publishing, Beirut, 2013 d. Wael Al-Dabaisi, Banking Operations Guide in the Banking Sector, Legal Status and Antiquities, Union of Arab Banks, 2010) Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 11, 2018 Report Share Posted July 11, 2018 The Central Bank of Iraq: We have 20 trillion dinars for the government July 11, 2018 Central Bank of Iraq Banks Economy News Baghdad The Central Bank of Iraq reported on Wednesday that the debts owed by the government amounted to 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office. “The bank’s view, based on economic, financial and monetary considerations, believes that the best use of surplus amounts by balancing the current year of oil exports is to pay debts,” said Al-Alaq, the governor of the Central Bank of Iraq. Which is central to the central bank and other banks, “noting that” their performance would fortify the bank from any future crisis, especially that the debts resulting from the government’s budget amounted to the limit of 20 trillion dinars. ” “This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially as the volume of liquidity drawn from the central bank is very large,” he added. And on the external debt, explained the links, “The installments are few and benefits are far and most of them debts not resolved,” stressing that “there is no problem in postponement.” Date Added 11/07/2018 http://economy-news.net/content.php?id=12871 1 Quote Link to comment Share on other sites More sharing options...
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