CBI News 09/13/2018

[yota691]

(Press release) The Central Bank of Iraq officially withdraws from the EU sanctions list

 

  

 September 13, 2018

 

The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for "the prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq. "

This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .

[yota691]

The Central Bank of Iraq officially exits from the EU sanctions list

 

Banks Economy News _ Baghdad The European Union (EU) officially announced on Thursday that the Central Bank of Iraq (CBI) has come out of the list of EU sanctions imposed on institutions. "The European Union has officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on institutions through its publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank," the bank said in a statement received by the Economist News. In the era of the former regime, which provided for "the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq." The statement added that "this step comes as the Central Bank of Iraq has made significant progress in improving its performance and the application of international regulations and standards in this area," noting that "under these recent amendments will allow the international financial banking institutions to deal with the new instructions as it became a financial institution Reliable handling of European international institutions. " Views 432   Date Added 09/13/2018

[colts469]

[yota691]

The Central Bank of Iraq officially comes out of the EU sanctions list

11:41 - 13/09/2018

 

  

Information / Baghdad ..

The Central Bank of Iraq announced on Thursday that it was officially released from the list of EU sanctions, pointing out that the bank has become a reliable financial institution to deal with European international institutions.

"The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions through its publication in the official newspaper of the Union, which confirmed the abolition of sanctions imposed on this bank in the era of The former regime, which provided for the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq. "

The statement added that "this step comes as a culmination of the achievements of the Central Bank of Iraq to make significant progress in improving its performance and the application of international regulations and standards in this area."

The bank said that "under the latest amendments will allow the international financial banking institutions to deal in accordance with the new instructions that the Central Bank of Iraq has become a reliable financial institutions to deal with European institutions." Ending / 25

[yota691]

13-09-2018 11:37 AM

The Central Bank of Iraq officially exits from the EU sanctions list

 

 

 

The European Union (EU) officially announced on Thursday that the Central Bank of Iraq (CBI) has been removed from the list of sanctions imposed by the EU on its institutions by publishing it in its official newspaper. 

A statement issued by the Central Bank said that "the European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, The prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq '.

The statement added that 'this step to the achievement of the Central Bank of Iraq to make significant progress in improving its performance and the application of international regulations and standards in this area and shows this bank that under these amendments will allow the international financial banking institutions to deal with the new instructions as it became a reliable financial institutions to deal with European international institutions'.

[ChuckFinley]

I must say, the CBI has been on a roll lately and it is all good.  

[ChuckFinley]

Morning Yota and takes for posting.   

[Butifldrm]

The Iraqi Central Bank officially comes out of the EU sanctions list

3 hours ago

 NRT

The European Union announced the exit of the Central Bank of Iraq officially, from the list of sanctions imposed by the European Union on financial institutions .

A statement published in the official newspaper of the European Union on Wednesday, 12 September, the abolition of sanctions imposed on the Central Bank of Iraq since the era of the former regime, which provided for "the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq ."

This step comes as the Central Bank of Iraq has made significant progress in improving its performance and the application of international regulations and standards in this area.

The Central Bank said that under these recent amendments will allow the international financial banking institutions to deal with the new instructions because it has become a reliable financial institutions to deal with European institutions .

It is worth mentioning that the Central Bank of Iraq was established in 1947 by a Royal Decree in the monarchy, and was formerly called the name of the bank  of the Iraqi national, was re - established after the US invasion of Iraq in 2003 , based on the Iraqi Central Bank Act of 2004 , the head of authorized capital of 100 billion dinars,  located The bank's head office is in Baghdad and has four branches in Basra, Mosul, Erbil and Sulaymaniyah.    

R.

http://www.nrttv.com/AR/News.aspx?id=4349&MapID=5

[Butifldrm]

The European Union officially decides to exit the Central Bank of Iraq from the list of sanctions imposed on him

BAGHDAD - The Central Bank of Iraq (CBE) announced on Thursday that the European Union has officially decided to remove the Iraqi Central Bank from the list of sanctions imposed on it. "The decision was part of the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on the Central Bank under the former regime, which provided (the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq)," he said. "The move comes as the Central Bank of Iraq has made significant progress in improving its performance and implementing international regulations and standards in this area. Under these recent amendments, the international financial banking institutions will be allowed to deal with the new instructions as it has become a reliable financial institution Dealing European international institutions "Ahh has .anthy

https://www.iraqpressagency.com/?p=285288

Edited September 13, 2018 by Butifldrm

[trident]

The Central Bank of Iraq officially exits from the EU sanctions list

 

 

 

Release date: 2018/9/13 10:29

(Baghdad: Euphrates News) The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the Union on the institutions.

A statement by the Central Bank received the agency {Euphrates News} a copy of it that the decision was “through the publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for the {prohibition of dealing with a group of financial institutions and non-financial Iraq, including the Central Bank of Iraq}. ”

He pointed out that “this step comes as the Iraqi Central Bank achieved significant progress in improving its performance and the application of international regulations and standards in this field. This bank shows that under these recent amendments will allow the international financial banking institutions to deal with the new instructions as it has become a reliable financial institutions to deal with European International Institutions ”

http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=174381

 

 

[yota691]

The Central Bank officially comes out of the list of EU sanctions   Thursday, September 13,         BAGHDAD ( Reuters) - The Central Bank of Iraq (CBE) announced on Thursday that it was officially stepping down from the European Union's sanctions list , adding that it has become a trusted financial institution to deal with European international institutions.  "The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on institutions, through the publication in the official newspaper of the Union, which confirmed the abolition of sanctions imposed on this bank in the era of The former regime, which provided for the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq. "     The bank said in a statement that "this step comes as the Iraqi Central Bank achieved significant progress in improving its performance and the application of international regulations and standards in this area," pointing out that "under these recent amendments will allow the international financial banking institutions to deal with the new instructions, Reliable financial institutions to deal with European international institutions ".  The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks, 16 Islamic banks and 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

[WheresmyRV?]

Great news to wake up too!

[Retiredofficer]

Dang Nab! The Fat Lady was jolted out of bed & has caught  cab to the MET.   Now...if only the  Orchestra(raging politicians)  could find their damn instruments. 😡

[NEPatriotsFan1]

2 hours ago, ChuckFinley said:

I must say, the CBI has been on a roll lately and it is all good.  

Yeah buddy! 

[6ly410]

[WISKY291]

I didn't know that the EU had the Central Bank under sanctions. I wonder if any other country has them under sanctions?  If so , I don't see this going international tell there out. 

[Fitxvz]

camon iraq.. make it fast..

[Artitech]

Big news, I love it! Maybe I wont have to go to east coast!!! 

[10 YEARS LATER]

If the CBI Didn’t have its “ poop in a group “this would not have happened - interesting timing. 

[3n1]

2 hours ago, yota691 said:

"this step comes as the Iraqi Central Bank achieved significant progress in improving its performance and the application of international regulations and standards in this area,"

 

 liking all that .... lets go

[pokerplayer]

 

Mods, please remove/hide if already posted

 

   pp

 

********** (Press release) The Central Bank of Iraq officially withdraws from the EU sanctions list

   Today at 10:13

The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for "the prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq. "

This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .




https://cbi.iq/news/view/841

[pokerplayer]

Today at 10:36

The Central Bank of Iraq officially exits from the EU sanctions list
Banks

Economy News _ Baghdad

The European Union (EU) officially announced on Thursday that the Central Bank of Iraq (CBI) has come out of the list of EU sanctions imposed on institutions.

"The European Union has officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on institutions through its publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank," the bank said in a statement received by the Economist News. In the era of the former regime, which provided for "the prohibition of dealing with a group of financial institutions and non-financial Iraqi, including the Central Bank of Iraq."

The statement added that "this step comes as the Central Bank of Iraq has made significant progress in improving its performance and the application of international regulations and standards in this area," noting that "under these recent amendments will allow the international financial banking institutions to deal with the new instructions as it became a financial institution Reliable handling of European international institutions. "


http://economy-news.net/content.php?id=13647

 

 

 

 

[KDuesing]

I did'nt even know they were under sanctions.

[Synopsis]

2 hours ago, WISKY291 said:

I didn't know that the EU had the Central Bank under sanctions. I wonder if any other country has them under sanctions?  If so , I don't see this going international tell there out. 

 

Great Point, Wisky291, AND The Top Of Your Mornin' To You AND The Best Of Your Up Coming Weekend To You!!! 

 

The thought (and I say, thought) that ran across my mind is the currencies that could be linked to the ReInstated Or ReValued Iraqi Dinar. If I understand correctly, the Iraqi Dinar will be linked to the Special Drawing Rights (SDR) currencies that consist roughly of 40% United States Dollar (USD), 30% Euro, 10% Great Britain Pound (GBP), 10% Japanese Yen (JPY), and 10% Chinese Yuan (or Renminbi) (CNY). The UN Sanctions being lifted likely have a more umbrella affect allowing other entities to follow suit to allow full international Iraqi banking connectivity. This Iraqi banking capability is nothing like ever seen before. There is ultra modern banking equipment in Iraq now being established internationally in an ever increasing manner as time goes on. Through the Saddam Hussein era, Iraq had a Prehistoric/Stone Age banking system so the amount of work to go from the Prehistoric/Stone Age to ultra modern is nothing short of Herculean.

 

If I recall correctly, many of the other international banking requirements down to the basic Iraqi citizen level have already been put in place as part of the "financial inclusiveness" and only remain to be activated while the banking functionality within Iraq being already activated. With the UST being at the CBI since January 2015, there is likely astronomical progress in getting things up to international standards and functionality for not only The United States Of America and USD but other key entities as well. I suspect much, if not all, The United States Of America requirements are in place and only remain to be activated while the incorporation of other entities to be more straightforward and subsequently easier to integrate since so much of the world financial transactions now already go through The United States Of America.

 

Maybe we will see more news forthcoming of USD, GBP, JPY, CNY, and Euro related news to suggest "all systems are a GO (GO, GO, GO)"!!! Likely only the key entities need to be in place that we may or may not know who or what they are. Say if the USD and Euro related entities are activated, that is 70% of the SDR so if the Iraqi Dinar goes international, there is full support from the USD and Euro. The other entities may then establish the necessary connectivity with the Iraqi Dinar post facto to include the non SDR entities.

 

Time will tell................................................

 

Just my conjecture, thoughts, opinion, and  for whatever THAT is worth!!! CAVEAT EMPTOR, Reader!!! 

 

In The Mean Time..........................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

Edited September 13, 2018 by Synopsis

[10 YEARS LATER]

Gotta ask then . . . ARE WE THERE YET????? !!!!!! ( dang - forgot about those fools trying to form a government that’s been 4 months going ) 

 

My Bad - never mind.