Report: Saudi Arabia seizes 48% of foreign currency reserves for Arab countries

[SnowGlobe7]

 

[yota691]

Central reassured about the foreign currency reserve

 

Economy     Access_time 2017/07/16 17:59 Number of Views: 268

 

 

Baghdad today / Baghdad

The Central Bank of Iraq, Sunday, the foreign currency reserve in the case continues to increase from what it was in the past year.

According to a statement of the Central Bank, he said that the "foreign currency reserves enough level in accordance with international standards and is currently more than what it was last year."

The statement added that "the general manager of financial operations at the Central Bank, Mahmoud Dagher, previously warned of a significant threat to the monetary reality is foreign assets that represent the original creation of the dinar assets and reserves."

[yota691]

Central Economic and victory

7/19/2017 0:00    Dr.. On behalf of the Patriarchs In his comment exhibition on the paper presented by the Governor of the Central Bank within a seminar held in Baghdad, Prime Minister for Financial Affairs Acanutormzar adviser Mohammed Saleh he said that the central bank contributed to the victory over Daesh through its success in achieving financial and monetary stability in the country during the period of military confrontation and thus maintain the level standard of living of the citizen, as well as it lent the government (indirectly) more than twenty trillion dinars. He added adviser said the central bank had two choices : the first is to maintain internal independence towards the government finances and the failure to provide any financing to the government through the secondary market, which could have created a major financial crisis , and the second option to sacrifice its independence in order to maintain the stability of the financial situation and not to collapse, has Central preferred the second option in order to achieve stability.  Although this is still some singing charges for central without taking into account the state of war that call for providing the most important on important, some of them wonder about the central refusal to provide funding to the previous government, simply I think that the previous government requested funding has owned a financial surplus and a far cry between the two cases and, by contrast to imagine what it could be the case if the government was unable to pay the employees ' salaries?!.  Some say that the government withdrew from the bank reserve, and to clarify say: that the central reserve of foreign currency is not the government reserves last because to be the Ministry of Finance, as the government did not withdraw from the central reserve and it is permissible, and the central reserve changes linked to the first two factors is demand on the dollar , which is derived from the demand for imported goods and services generated by public spending.  The second issue is presented dollar (sold from the Ministry of Finance to the Central to buy the dinar), depending on the dollar revenues received by the government from oil which are affected by the quantity and price and when it drops one or both decreasing size of the reserve, and therefore the reserve is linked to public finances of the state.  Here we must recognize the central successfully during the crisis in maintaining the size of the reserve in accordance with the internationally accepted standards as well as the installation of financial stability contributed to the achievement of economic victory.

[DinarThug]

July 19, 2017

 

His Excellency the Governor of the Central Bank participates in the celebration of the International Islamic Bank

 

Attended by His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail Keywords bank merrily 

International Islamic Week victory and obtaining a certificate of IOS 27001 and congratulated the governor in his speech 

During the celebration of the Iraqi armed forces in various victories on its different forms of evil and the forces of terrorism and Park

 Bank of obtaining ISO certification. We wish them success and continuity in their service sector 

 

https://cbi.iq/news/view/305
Banking Iraq.  

[Gypsygirl11]

Good for him...now to be excellent you need to make your currency worth something.

[yota691]

Keywords: the next stage will witness economic victories

7/20/2017 0:37    Through the trend towards construction and reconstruction  of  Baghdad / Hussein Tgb  after Iraq has proved to the world enraptured images and values of the human and moral waiting to prove an economic victory over the construction and reconstruction during the next phase, and that the new role requires concerted efforts combined to support reconstruction, which should banks be the cornerstone in this matter and doing very well through their sophisticated technology.  These words were Governor of the Central Bank and the Association of Banks during the ceremony organized by the International Islamic Bank on the occasion of victory over the "Daesh" terrorist and the granting of a certificate of ISO International Bank , which is the financial success of our sector. Page task Central Bank Governor Dr. Ali Keywords said that Iraq has proved the finest images triumphs of the world and move human values before the weapon , and so was the pride in the battle that will retain its history, pointing out that the new role is to address the building and reconstruction and succeed in this page task. We cherish that Iraq has the power and energy that will enable the country to economic advancement, and in the financial sector , we note the progress and innovation, urging young people to be more distinctive and characterize their ability to capture sophisticated information, asking the banking sector to be the first among the country 's institutions in the use of advanced technology, and must speed in the use of technologies. Testimony ISO Keywords said that the celebration today comes an important step is obtaining the World Bank to the ISO certificate, especially it 's in a detailed important specialized organization of payments, especially the banks , their products did not come into contact only 10 percent of the people and has the potential to reach 90 percent , and here must build trust between the two sides, especially the large market and extensive and require the volume of work and achieve a broad benefit to both ends of the process. He pointed out that there is an imbalance in the work of the Association of Banks makes us feel dysfunctional, pointing out that the central did not intervene in this matter , but can return to the rules of procedure to correct it, noting that represents banks and presented by the Association is useful for the banking sector. Effective capacities of either Commissioner of the Islamic National Bank Suha Ulkipaia Director: She thanked the security forces maker victories in all its formations that handed the country the banner of victory and hope Iraq that developed a prosperous rival countries of the world, pointing to the importance to be for banks effective capacities for economic victory. She stressed the importance of adopting advanced systems in harmony and international practice and with the Iraqi Central Bank instructions, noting that the bank often make efforts in order to deliver the electronic payment card to the farthest point in Iraq , and now we have 20 centers, pointing out that the 27001 ISO obtained the Bank is a success along with the Iraqi victory, indicating that the ambition is moving towards getting the ISO 20000 , where human resources are given great attention to the development of the joints of the work. Capital in turn , head of the Iraqi private banks association Wadih Handal said that the victory over Allaghab came to stimulate the motivation for economic victories greater, pointing out that the evaluation of institutions globally seen human capital and we look at this Association it is of great importance. He stressed the importance of cooperation in the implementation of monetary policies and restore confidence in the banking sector and bring deposits , and most importantly the participation of banks in the reconstruction of the liberated areas, praising the initiative of the Central Bank to allocate 6 trillion dinars for development projects, as well as the great role in supporting the government during the war on the "Daesh" terrorist. He stressed that under the supervision of the Central Bank will be honored the families of martyrs in the World Day of Peace in appreciation for their sacrifices for Iraq  and said that the experience of interest the ideal employee , who did not exceed 35 years is an important thing to develop work and encourage new blood and urge them to creativity and work to the fullest.

[SnowGlobe7]

19 minutes ago, yota691 said:

and the granting of a certificate of ISO International Bank , which is the financial success of our sector

 

financial success...i like that

[SnowGlobe7]

19 minutes ago, yota691 said:

ISO 20000

 

What will it take to achieve this??

[ChuckFinley]

2 minutes ago, SnowGlobe7 said:

 

financial success...i like that

I will take 1 to 1 a financial success.  

[nannab]

Sunday Sunday Sunday  quote It may not be this Sunday but that was the pick from a very wise and near and dear man

close to our hearts. Hopefully 1 to 1 

[DinarThug]

8 hours ago, DinarThug said:

 

His Excellency the Governor of the Central Bank participates in the celebration of the International Islamic Bank

 

 

On 5/15/2017 at 10:20 PM, sandfly said:

Thanks 

 

His Excellency The Great SandFly Participates In The Celebration Of International 'Thanks' !  

 

     

 

[gregp]

ISO 27001 – information security management system	ISO 27001 standard is focused on the keyword “information” protection. What is information asset? The answer is ‘anything that has a business value”. In other words it is just not Information Technology (IT) infrastructure. So if your organization is seeking to protect all forms of information against unauthorized access (Confidentiality), unauthorized modification (integrity), and protection against loss and destruction (Availability), the standard provides a series of controls that enables you to pick and chose those that are relevant to you based on a formal asset-wise risk assessment. ISO 27001 certification involves 114 controls which aims are a combined secure architecture, preventive, detective controls and several controls and encompass procedural, physical, technical and most importantly personnel controls.	The most popular “risk” standard with highest number of certifications, chose this one if you are concerned about your protection of information.How is it different from ISO 31000? The difference lies in the specifics; you can pinpoint and measure how a specific control is working unlike several other generic standards. As part of the analysis you would be required to perform an asset-wise risk valuation which should clearly articulate the state of an asset and its control environment.	Information risk register – where for every asset you can see the risk value.
ISO 20000-1 – (IT ) service management system	The latest in the standard family (in terms of inclusion of the word ‘risk’) ITSM – ISO 20000 certification is aimed at making traditional IT organization/department as free from service risk. Although it has been associated with IT ‘process’ best practices, inclusion of the word “service risk” gives you a different view of the ISO 20000 now.

[Wiljor]

1 hour ago, DinarThug said:

 

 

His Excellency The Great SandFly Participates In The Celebration Of International 'Thanks' !  

 

     

 

 

  

[jg1]

1 hour ago, DinarThug said:

 

 

His Excellency The Great SandFly Participates In The Celebration Of International 'Thanks' !  

 

     

 

INTERNATIONAL. OK, who is going to try to exchange their dinner first.

[nannab]

Thanks so much Gregp for the definition of ISO.. 

[yota691]

Iraq has spent ten years in the $ 360 billion investment

20-07-2017 03:39 PM

Hits: 636

 

Baghdad News -

 

 

Faces financial and monetary stability in Iraq, «the phenomena of non-oil deficit is caused by the difference between domestic revenue and expenses», he explained what the Governor of the Central Bank of Iraq on the Keywords, «The 78-trillion dinars (about $ 70 billion)». He pointed out that «the second phenomenon is the growing budget deficit, which reached 21.6 trillion dinars, and added to the deficit in the balance of payments of non-oil exports of 37.7 billion dollars». He announced that this «negative indicators clearly reflect a significant imbalance structural».

 
He considered Keywords in a seminar organized by the «Institute of progress of development policies» in the presence of experts in economics and money, to «improve the reality of monetary and fiscal policy requires the strengthening of local revenue and activating the redistribution of income to move the economy policy, through the benefit of the money supply in the markets of salaries, that a large part of which goes to cover foreign imports. »

 
He stressed the need to «pressure operating expenses according to strict scientific controls and standards, and reduce the demand for foreign currency factors and to provide elements of stability to reduce the migration of funds, as well as providing an attractive environment for investment».

Financial Advisor to the Prime Minister pointed out the appearance of Mohammed Saleh, that the Central Bank of Iraq «was independent of the government in the first period, but when the economy faced a deficit began to weaken this independence». He said: «began the central bank lends its independence government turned to the second division». He stressed that «« central policy »was a major cause of the victory of Iraq in its war against terrorism, through the hidden national role played in supporting the government, crossing danger». He believed that the central bank «had two choices, to give up its independence and lends the government in light of the complex envelope or reduce the value of the Iraqi dinar.» He said «here may provide some money to the government, but we will be in front of a big rise in inflation rates, and will not have the money any value available, so the bank sacrificed the center of internal independence and lent the government to face the crisis of stability». He pointed out that the value of the loan to the government «of 21 trillion dinars in two years, to meet the needs», considering that it is a «part of the victory in the war against terrorism through the funding of the budget, check the military victory, which was behind a financial triumph and economic».

Saleh pointed out that «the investment file in Iraq, the results were not at the level of unspent funds amounting to $ 360 billion over 10 years, through the inclusion of a large number of projects in order to rise the country». He stressed that «the result was disappointing and this was in a time of abundance of oil.» In the oil Brackish time «trend was towards increasing amounts of oil produced and the source to compensate for the difference in prices by investing in the oil sector, which is unbalanced and leaving the leadership of the oil sector.» It announced that it «would mean a return to the zero point of any oil that is a horse that leads the development wagon».

In terms of debt, Saleh warned that this file is one of the «dangerous files.» He revealed that the IMF «works to determine the level of carrying Iraq's public debt.» Iraq did not lose sight of that «faces a problem in customs and border ports that are experiencing great corruption, so the government is moving to outsource outlets to specialized companies».

The Minister of Planning and former Mahdi Al-Hafiz, began the seminar by talking about the difficulties facing the Iraqi economy, pointing out that «the anomalous situation of fiscal policy raised the importance of thinking about new sources to strengthen the financial situation, particularly through cooperation with the Bank and the International Monetary Fund, with a view to increasing external financing and appropriate conditions ». He pointed to «the start of the so-called credit phase that provide parts of the external financing of these organizations and other sources».

Hafiz said that the government «initiated the agreement with the International Monetary Fund and the end of 2015 to this goal, through the issuance of the so-called Letter of Intent and« memorandum of economic and financial policies. »

Hafiz said that the credit phase «include a range of basic tasks, including the revision of the general fiscal policy and the issuance of a new law so, the restructuring of the banking sector and confirm the audit of the financial statements of banks« Iraq »and« rational »and« Iraqi trade »which accounts for about 90 percent of the deposits of the state. » He stressed that the credit phase «confirms to subject monetary policy to control, especially in areas related to money-laundering and dollar selling window, and to address the budget deficit and seek to make it economically acceptable.» He considered that these measures «will help get loans and make a positive cooperation with international institutions.»

According to Hafiz as witnessed in the recent period to «raise the issue of the supplementary budget for this year, and discussed in detail during the last meeting in Amman a month ago, and agreed to provide a loan of 800 million dollars for Iraq, on favorable terms within the standby credit program signed between the parties». He did not rule out that «approved by the International Monetary Fund early August (August)».

[DWS112]

Keywords: the next stage will witness economic victories

July 20, 2017

 

BAGHDAD / Hussein Tgb after proved Iraq to the world enraptured images and values of the human and moral waiting to prove an economic victory over the construction and reconstruction during the next phase, and that the new role requires concerted efforts combined to support reconstruction, which should banks be the cornerstone of this and are doing well through what they offer sophisticated technology. These words were Governor of the Central Bank and the Association of Banks during the ceremony organized by the International Islamic Bank on the occasion of victory over the " Daesh " terrorist and the granting of a certificate of ISO International Bank , which is the financial success of our sector.

 

Page task Central Bank Governor Dr. Ali Keywords said that Iraq has proved the finest images triumphs of the world and move human values before the weapon, and so was the pride in the battle that will retain its history, pointing out that the new role is to address the building and reconstruction and succeed in this page task. We cherish that Iraq has the power and energy that will enable the country to economic advancement, and in the financial sector, we note the progress and innovation, urging young people to be more distinctive and characterize their ability to capture sophisticated information, asking the banking sector to be the first among the country's institutions in the use of advanced technology, and must speed in the use of technologies.

 

Testimony ISO Keywords said that the celebration today comes an important step is obtaining the World Bank to the ISO certificate, especially it's in a detailed important specialized organization of payments, especially the banks, their products did not come into contact only 10 percent of the people and has the potential to reach 90 percent, and here must build trust between the two sides, especially the large market and extensive and require the volume of work and achieve a broad benefit to both ends of the process. He pointed out that there is an imbalance in the work of the Association of Banks makes us feel dysfunctional, pointing out that the central did not intervene in this matter, but can return to the rules of procedure to correct it, noting that represents banks and presented by the Association is useful for the banking sector.

 

Effective capacities of either Commissioner of the Islamic National Bank Suha Ulkipaia Director: She thanked the security forces maker victories in all its formations that handed the country the banner of victory and hope Iraq that developed a prosperous rival countries of the world, pointing to the importance to be for banks effective capacities for economic victory. She stressed the importance of adopting advanced systems in harmony and international practice and with the Iraqi Central Bank instructions, noting that the bank often make efforts in order to deliver the electronic payment card to the farthest point in Iraq, and now we have 20 centers, pointing out that the 27001 ISO obtained the Bank is a success along with the Iraqi victory, indicating that the ambition is moving towards getting the ISO 20000, where human resources are given great attention to the development of the joints of the work. Capital in turn, head of the Iraqi private banks association Wadih Handal said that the victory over Allaghab came to stimulate the motivation for economic victories greater, pointing out that the evaluation of institutions globally seen human capital and we look at this Association it is of great importance. He stressed the importance of cooperation in the implementation of monetary policies and restore confidence in the banking sector and bring deposits, and most importantly the participation of banks in the reconstruction of the liberated areas, praising the initiative of the Central Bank to allocate 6 trillion dinars for development projects, as well as the great role in supporting the government during the war on the "Daesh" terrorist. He stressed that under the supervision of the Central Bank will be honored the families of martyrs in the World Day of Peace in appreciation for their sacrifices for Iraq and said that the experience of interest the ideal employee, who did not exceed 35 years is an important thing to develop work and encourage new blood and urge them to creativity and work to the fullest.

[DWS112]

1 minute ago, DWS112 said:

the ambition is moving towards getting the ISO 20000

 

ISO 20000

Edited July 20, 2017 by DWS112

[stangernan]

14 hours ago, jg1 said:

INTERNATIONAL. OK, who is going to try to exchange their dinner first.

I will trade my chicken for your steak!!! 

[SnowGlobe7]

I will trade my fish for your lobster!!!

[Rmc10]

Mmmmm......steak and lobster....

[nannab]

I just got some steamers and a 1 pound lobster for dinner if I can get my cat away from the bag..

He hit the ceiling when the bag moved in the sink now he thinks it's a playmate  or his dinner. lol

 

 

[SnowGlobe7]

47 minutes ago, nannab said:

I just got some steamers and a 1 pound lobster for dinner if I can get my cat away from the bag..

He hit the ceiling when the bag moved in the sink now he thinks it's a playmate  or his dinner. lol

 

 

 

I love it when cats play with lopsters....I mean lobsters....!!!

(ok this is a crawdad but still)

 

[nannab]

Yup close enough   It is hysterical my boo is a big white cat and when the lobster came out of the bag he

slipped off of the counter when he tried to jump back.

[SnowGlobe7]

1 minute ago, nannab said:

Yup close enough   It is hysterical my boo is a big white cat and when the lobster came out of the bag he

slipped off of the counter when he tried to jump back.

 

video???