CBI News 09/06/2018

[dinareffic]

The government announces that Iraq is out of the gray zone within the international classification of money laundering

 

 Twilight News    
 Wednesday, 5 September 2018

The Minister of Planning, Salman Jumaili, announced the exit of Iraq from the gray zone and follow-up area within the classification of the International Financial Action Organization on the fight against money laundering and the financing of terrorism, thanks to the measures taken by the Central Bank in this regard.

The Minister of Industry and Minerals, the Minister of Agriculture, the Governor of the Central Bank of Iraq, the Chairman of the National Investment Authority, the undersecretaries of the ministries of oil, planning, finance and trade, and the economic adviser to the Prime Minister, also attended the meeting. The committee also hosted a number of general managers in the ministries of planning Trade and industry. 


The committee called in a statement issued on Wednesday to take the necessary measures to maintain the stability of the exchange rate and reduce the differences in price and accounting of banks that violate the work controls followed by the Central Bank of Iraq.

The Ministerial Committee on Economic Affairs approved the implementation of the national project for the production of flour, zero and the import quota by documentary credit, and that the sectoral bodies in the ministries of commerce and health control and follow-up, while the General Company for grain trade in the Ministry of Commerce is concerned with the application specifications and examination of wheat imported or locally produced Used in the production of zero flour, the committee was granted the right to import wheat for non-owners of mills. , And did not require that the mill be owned by the importer, and stressed that the owners of mills to build silos for grain storage.


The Committee has also taken a number of other resolutions and recommendations on the issues on the agenda, identifying locally manufactured products and preventing the importation of similar products, and other measures on customs tariffs and others.

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/09852d36-77a9-4612-a06f-e621a798a7e7

[yota691]

Summary of Iraq's exit from the follow-up area in the field of combating money laundering and terrorism financing

  

 September 06, 2018

 

Summary of the exit of Iraq from the follow-up area in the field of combating money laundering and the financing of terrorism, according to the report of the International Financial Working Group ( FATF ) ...Click here to download

[Butifldrm]

government 's economy announces the exit of Iraq from the gray zone within the international classification of money laundering

 Twilight News    

 Wednesday, 5 September 2018

The Minister of Planning, Salman Jumaili, announced the exit of Iraq from the gray zone and follow-up area within the classification of the International Financial Action Organization on the fight against money laundering and the financing of terrorism, thanks to the measures taken by the Central Bank in this regard.

The Minister of Industry and Minerals, the Minister of Agriculture, the Governor of the Central Bank of Iraq, the Chairman of the National Investment Authority, the undersecretaries of the ministries of oil, planning, finance and trade, and the economic adviser to the Prime Minister, also attended the meeting. The committee also hosted a number of general managers in the ministries of planning Trade and industry. 


The committee called in a statement issued on Wednesday to take the necessary measures to maintain the stability of the exchange rate and reduce the differences in price and accounting of banks that violate the work controls followed by the Central Bank of Iraq.

The Ministerial Committee on Economic Affairs approved the implementation of the national project for the production of flour, zero and the import quota by documentary credit, and that the sectoral bodies in the ministries of commerce and health control and follow-up, while the General Company for grain trade in the Ministry of Commerce is concerned with the application specifications and examination of wheat imported or locally produced Used in the production of zero flour, the committee was granted the right to import wheat for non-owners of mills. , And did not require that the mill be owned by the importer, and stressed that the owners of mills to build silos for grain storage.


The Committee has also taken a number of other resolutions and recommendations on the issues on the agenda, identifying locally manufactured products and preventing the importation of similar products, and other measures on customs tariffs and others.

Keywords: 

 

http://www.shafaaq.com/ar/Ar_NewsReader/09852d36-77a9-4612-a06f-e621a798a7e7

[Laid Back]

Thanks yota and Buti for Keeping us informed.!

 

Progress on the CBI is good news.... CBI is on charge of the monetary policy.

 

Go CBI

Go new Monetary Policy 

Go $1:1

 

 

[ChuckFinley]

Second that LB.  

[Laid Back]

22 minutes ago, ChuckFinley said:

Second that LB.  

Nice to see you my friend, hope all is well.

[ChuckFinley]

14 minutes ago, Laid Back said:

Nice to see you my friend, hope all is well.

Doing well my friend, trust you are doing the same. 

[Laid Back]

2 hours ago, ChuckFinley said:

Doing well my friend, trust you are doing the same. 

Doing well, thanks for asking.....Aloha.!

[ChuckFinley]

Good news here. 

[blueskyline]

http://www.alsabaah.iq/ArticleShow.aspx?ID=163036.........Indicators of economic resilience and stability in the monetary system..........

 

Indicators of economic resilience and stability in the monetary system

13/9/2018 12:00 am   The  central banks in the countries of the world are mainly aimed at achieving monetary and financial stability through their programs and strategy aimed at maintaining stability in the exchange of their local currencies against other foreign currencies and building sufficient foreign reserves in accordance with international special standards issued by the International Monetary Fund. Other criteria related to confronting crises, challenges and economic and political shocks in their countries, controlling stable rates of inflation and interest rates, applying compliance regulations and rules, combating money laundering and financing terrorism. The Iraqi Central Bank's march over the last four years proved that it is proceeding steadily to achieve the stated goals. This proves that Iraq has gone out of the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to   FATF. The Central Bank is also honored to be the best Arab portfolio for 2018 and to occupy a leading position in the world according to the 2018 Global Finance Report. This is expected to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with  correspondent banks  .  And because of the international political changes, most notably US sanctions imposed on Iran and Turkey; to be accurate and non-critical economic analysis of the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has been stable since 1/1/2018 and is still strong and stable Despite international and domestic political shocks.  In order to ensure that the expectations are not taken in an extreme manner and create a state of fear among the public and the banking sector, and through an economic and analytical analysis of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank on the one hand and the availability of foreign reserves on average, The monetary bloc in circulation on the other hand and to cover the imports according to the standards of the International Monetary Fund, as foreign reserves are fully insured and Iraq occupies the fourth place in the Arab and is currently about $ 58 billion and grows day after day. In addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with the wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and sanctions on neighboring countries. On the reality of monetary stability, which began to be achieved during the first half of this year with the emphasis that the Central Bank does not have a deficit in the budget, but vice versa is currently achieving a surplus in the budget because of high oil prices.  All this represents the real guarantees to protect the exchange rate and to face this new shock will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in  previous years

•  

 

 

[Officiallytook]

 

[Big_J]

1 hour ago, Officiallytook said:

 

Yes! 

[Laid Back]

Gold reserves growing  96 Tons 

Foreign currency reserves growing $58 billion 

Surplus in the budget

 

its time to give real market value to the dinar

 

Go RV 

Go $1:1

 

 

[dinareffic]

Indicators of economic resilience and stability in the monetary system

 

 

13/9/2018 12:00 am    The central banks in the countries of the world are mainly aimed at achieving monetary and financial stability through their programs and strategy aimed at maintaining stability in the exchange of their local currencies against other foreign currencies and building sufficient foreign reserves in accordance with international special standards issued by the International Monetary Fund. Other criteria related to confronting crises, challenges and economic and political shocks in their countries, controlling stable rates of inflation and interest rates, applying compliance regulations and rules, combating money laundering and financing terrorism. The Iraqi Central Bank's march over the last four years proved that it is proceeding steadily to achieve the stated goals. This proves that Iraq has gone out of the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to   FATF. The Central Bank is also honored to be the best Arab portfolio for 2018 and to occupy a leading position in the world according to the 2018 Global Finance Report. This is expected to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with  correspondent banks  .  And because of the international political changes, most notably US sanctions imposed on Iran and Turkey; to be accurate and non-critical economic analysis of the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has been stable since 1/1/2018 and is still strong and stable Despite international and domestic political shocks.  In order to ensure that the expectations are not taken in an extreme manner and create a state of fear among the public and the banking sector, and through an economic and analytical analysis of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank on the one hand and the availability of foreign reserves on average, The monetary bloc in circulation on the other hand and to cover the imports according to the standards of the International Monetary Fund, as foreign reserves are fully insured and Iraq occupies the fourth place in the Arab and is currently about $ 58 billion and grows day after day. In addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with the wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and sanctions on neighboring countries. On the reality of monetary stability, which began to be achieved during the first half of this year with the emphasis that the Central Bank does not have a deficit in the budget, but vice versa is currently achieving a surplus in the budget because of high oil prices.  All this represents the real guarantees to protect the exchange rate and to face this new shock will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in  previous years http://www.alsabaah.iq/ArticleShow.aspx?ID=163036

[6ly410]

  http://www.alsabaah.iq/ArticleShow.aspx?ID=163036

 

13/9/2018 12:00

Samir Nusairi
Central banks in the countries of the world mainly aim to achieve monetary and financial stability through its programs and strategy, which aims to maintain stability in the exchange of local currencies against other foreign currencies and build sufficient foreign reserves in accordance with international standards issued by the International Monetary Fund and evaluate banks based on other criteria Economic and political shocks in their countries, controlling stable rates of inflation and interest rates, implementing compliance regulations and rules, combating money laundering and financing terrorism.

 

The  Central Bank of Iraq during the past four years has proved that it is moving steadily to achieve the stated goals.

This proves Iraq's exit from the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to the Financial Action Group
(FATF).
 

As well as the honoring of the Central Bank of the best Arab portfolio of 2018 and occupy a global position ahead of the report, according to the report of the Global Finance Annual 2018; which we expect to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with banks
Correspondence.

 

And because of the international political changes, most notably US sanctions imposed on Iran and Turkey; to be accurate and non-critical economic analysis of the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has been stable since 1/1/2018 and is still strong and stable Despite international and domestic political shocks.
In order to ensure that the expectations are not taken in an extreme manner and create a state of fear among the public and the banking sector, and through an economic and analytical analysis of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank on the one hand and the

 

Trading on the other hand and to cover the imports according to the standards of the International Monetary Fund, as foreign reserves are fully insured and Iraq occupations fourth place in the Arab and is currently about $ 58 billion and grows day after day. In addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with the wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and sanctions on neighboring countries. On the reality of monetary stability, which began to be achieved during the first half of this year with the emphasis that the Central Bank does not have a deficit in the budget, but vice versa is currently achieving a surplus in the

All this represents the real guarantees for the protection of the exchange rate and to face this new shock will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in previous years
 

 

 

Edited September 13, 2018 by 6ly410

[6ly410]

sorry didn't realize it was already posted.

 

 

[navira]

And to face this new shock...i believe it means new exchange rate. Thanks for this great article bro...another article from the CBI being release from European sanctions...wow. The release of new small categories next month news came in before the lifting of European sanctions...just Wow news. Cheers...Come on Iraq, shock us all with the new exchange rate

[6ly410]

Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets.

 

 

https://www.quora.com/What-is-currency-shock

 

[6ly410]

woh....

Edited September 13, 2018 by 6ly410

[navira]

Bro, thanks. The injection of small categories should have a shocking effect to the market in days to come in the month of October...or maybe the CBI will change its mind and make the injection late this month...cheers bro n all dvers

[6ly410]

3 minutes ago, navira said:

...cheers bro

to a new beginning

Edited September 13, 2018 by 6ly410

[Laid Back]

All this represents the real guarantees for the protection of the exchange rate and to face this new shock.

 

- Lower denomination 

- New exchange rate

- Real purchasing power

 

Go CBI 

Go dinar international 

Go $1:1

Go real purchasing power 

[6ly410]

Just now, Laid Back said:

All this represents the real guarantees for the protection of the exchange rate and to face this new shock.

 

- Lower denomination 

- New exchange rate

- Real purchasing power

 

Go CBI 

Go dinar international 

Go $1:1

Go real purchasing power 

 Lets go IQD

[tigergorzow]

1 minute ago, Laid Back said:

All this represents the real guarantees for the protection of the exchange rate and to face this new shock.

 

- Lower denomination 

- New exchange rate

- Real purchasing power

 

Go CBI 

Go dinar international 

Go $1:1

Go real purchasing power 

DV,  LB,  We pray the final touches are being applied to bring this "BABY" to fruition meaning "RV or RI".   Git er done boys & girls...😊😊

[navira]

6ly410, it just hit me suddenly(know it sounds crazy)...keep thinking of what this guy kim clement said in his video(dont know this guy personally)...something about removing America's hands...and there shall be a break in the system...then the dinar. Somehow i tied to what he said to the latest news...iraq being freed from the sanctions(This keeps America's hands off)...and this news of CBI releasing new small categories(could this be a break in the system?)....then the dinar(meaning new exchange rate)...crazy...i know. Just had to let this out of my system and share with all dvers