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The Central Bank is the first institution in the country to issue its final lists on time

 

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Economy News _ Baghdad

Ernst & Young completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019. 
The Central Bank's Accounting Department said in a statement received by "Economy News" that the Board of Directors of the bank ratified the These lists were issued with a positive view (without reservation), which indicates the level of transparency under which the Bank operates and the efforts made in presenting the activities and operations, and the level of disclosure that the institution has. 
She added that the timely disclosure and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) .
The Central Bank is one of the first institutions in Iraq, which annually fulfills the requirements of preparing and auditing the final financial statements on time, which gave the bank a prominent position among the central banks in the region.

 

Views 51   Date Added 06/12/2019

 

http://economy-news.net/content.php?id=16903

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 June 12, 2019
The Central Bank is the first institution in the State of Iraq to issue its final lists on time

Completed international auditing firm Ernst & Young (Ernst & Young) audit final financial statements of the Central Bank of Iraq for the fiscal year 2018 in the legal deadline the end of March 2019 .
The Board of Directors of the Central Bank of Iraq: The Board of Directors of the bank ratified the lists issued with a positive opinion (without reservation), which shows the level of transparency in which the bank works and the efforts in the presentation of activities and processes, and the level of disclosure of this institution .
Adding that the disclosure on time and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) Silence .
The Central Bank is one of the first institutions in Iraq, which annually fulfills the requirements of preparing and auditing the final financial statements on time, which gave the bank a prominent position among the central banks in the region.

Central Bank of Iraq
information Office
12 June 2019



 
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 June 12, 2019
Announcement of Auction Results (ICD310) (for the sale of Islamic certificates of deposit)

 



The Central Bank of Jordan approved the auction of ICD310 for the sale of Islamic certificates of deposit for a period of (30) days and the amount of (50) billion dinars (fifty billion dinars) and sold certificates of (27) billion dinars and a uniform rate of return (1.5%), Number of participants (2) Bank has won the amounts provided.

 

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Editor's note: 2019/6/12 10:04 • 203 times read
The Central Bank is the first institution in the country to issue its final lists by its appointed date
{Baghdad: Al Furat News} Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019.
The Central Bank of Iraq's Accounting Department said in a statement received by the agency {Euphrates News} a copy of it that "the Board of Directors of the bank ratified those lists issued with a positive opinion {without reservation}, which shows the level of transparency under which the bank works and efforts in the presentation Activities and processes, and the level of disclosure that this institution has. " 
She added that "disclosure on time and in a positive opinion generates important impressions of the institutions and international banks that deal with Iraq, and that is working to encourage investors to deal with financial institutions and banking in Iraq as long as the regulatory body (central bank) .
It is noteworthy that the Central Bank of the first institutions in Iraq, which annually fulfills the requirements for the preparation and audit of the final financial statements on schedule, which gave the bank a prestigious position among the central banks in the region.
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BAGHDAD (Reuters) - Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019. The Audit Department of the Central Bank of Iraq: The Board of Directors of the Bank ratified the lists Which was issued with a positive opinion (without reservation), which indicates the level of transparency in which the bank operates and the efforts made in presenting the activities and operations, and the level of disclosure that this institution has. Adding that the disclosure on time and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) Silence.
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The Central Bank completes the audit of the final financial statements for 2018

Economy | 11:02 - 12/06/2019

 
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Baghdad - Mawazine News 
International audit firm Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 in the legal date specified end of March 2019. 
The accounting department of the Central Bank of Iraq in a statement received / "The Board of Directors of the Bank has approved these statements which have been issued with a positive opinion (without reservation), which reflects the level of transparency under which the Bank operates, the efforts made in presenting the activities and operations, and the level of disclosure that this institution has." 
She added that "disclosure on time" and a positive opinion "

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38447.jpg?watermark=w4

An international audit firm that performs the audit of the final financial statements of the Central Bank

 12 June

 

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BAGHDAD (Reuters) - Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019. The Audit Department of the Central Bank of Iraq: The Board of Directors of the Bank ratified the lists Which was issued with a positive opinion (without reservation), which indicates the level of transparency in which the bank operates and the efforts made in presenting the activities and operations, and the level of disclosure that this institution has. Adding that the disclosure on time and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) Silence.

 

https://sumer.news/ar/news/38092/شركة-تدقيق-دولية-تنجز-تدقيق-القوائم-المالية-الختامية-للبنك-المركزي

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5 hours ago, Mary B said:

generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) .

 

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1 hour ago, dinarham said:

Wouldn't it be great if this was the final final

It sure would. We all could get started on a new life.

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“BAGHDAD (Reuters) - Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019. The Audit Department of the Central Bank of Iraq: The Board of Directors of the Bank ratified the lists Which was issued with a positive opinion (without reservation), which indicates the level of transparency in which the bank operates and the efforts made in presenting the activities and operations, and the level of disclosure that this institution has. Adding that the disclosure on time and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) Silence.”

 

GOOD NEWS.!

 

Ernst & Young is considered one of the Big four accounting firms in the world.

 

The CBI Getting a positive opinion without reservation is a clear and important message to investors.

 

This will bring and influx of Investment into the country.

 

Another positive sign to move iraq to IMF Art 8 acceptance.

 

Go investment 

Go private sector

Go economic growth 

Go RV

Go $1:1

 

 

 

 

 

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1 minute ago, Laid Back said:

“BAGHDAD (Reuters) - Ernst & Young has completed the audit of the final financial statements of the Central Bank of Iraq for the fiscal year 2018 on the legal date set for the end of March 2019. The Audit Department of the Central Bank of Iraq: The Board of Directors of the Bank ratified the lists Which was issued with a positive opinion (without reservation), which indicates the level of transparency in which the bank operates and the efforts made in presenting the activities and operations, and the level of disclosure that this institution has. Adding that the disclosure on time and "positive opinion" generates important impressions of the institutions and international banks that deal with Iraq, and this is working to encourage investors to deal with financial institutions and banking in Iraq as long as the sectoral control body (the central bank) Silence.”

 

GOOD NEWS.!

 

Ernst & Young is considered one of the Big four accounting firms in the world.

 

The CBI Getting a positive opinion without reservation is a clear and important message to investors.

 

This will bring and influx of Investment into the country.

 

Another positive sign to move iraq to IMF Art 8 acceptance.

 

Go investment 

Go private sector

Go economic growth 

Go RV

Go $1:1

 

 

 

 

 

Great news brother Laid Back. Having the green light for investors is a huge step in the right direction. Little by little the economy is chugging forward, and the move to an open market system is now in sight. Sooner then later is looking mighty fine 👍 Sending out good vibes to you and all of DV. 

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30 minutes ago, Wiljor said:

Great news brother Laid Back. Having the green light for investors is a huge step in the right direction. Little by little the economy is chugging forward, and the move to an open market system is now in sight. Sooner then later is looking mighty fine 👍 Sending out good vibes to you and all of DV. 

Agree my brother, very good news.!

They are moving from closed economy to an open market economy 

Investment is the key for economic development and growth.

 

Go RV sooner than later 

 

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The US committed to helping Iraq and returning it to its former status as as a sovereign nation . A sovereign nation must be in complete control of its own currency  , and it must hold value to be a viable currency . Who's in control  of the Iraqi dinar now ?  The Central Bank of Iraq , like almost  all Central Banks around the world , is owned by a private entity  {Rothschils , Bildenburgs ,etc.,}  They do not have the authority to revalue currency  . I sense a tight US control here .,waiting prudently for all t's to be crossed ,i's dotted .  . 

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On 6/12/2019 at 12:40 PM, Wiljor said:

Great news brother Laid Back. Having the green light for investors is a huge step in the right direction. Little by little the economy is chugging forward, and the move to an open market system is now in sight. Sooner then later is looking mighty fine 👍 Sending out good vibes to you and all of DV. 

 

23 hours ago, Laid Back said:

Agree my brother, very good news.!

They are moving from closed economy to an open market economy 

Investment is the key for economic development and growth.

 

Go RV sooner than later 

 

This is for sure great news. Having this completed and Art 8 basically being a "Go" may give us a viable time frame for the RV. If I had to pull the trigger on a RV, I would do it just before being approved for Art 8 status. 

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20 hours ago, ChuckFinley said:

 

This is for sure great news. Having this completed and Art 8 basically being a "Go" may give us a viable time frame for the RV. If I had to pull the trigger on a RV, I would do it just before being approved for Art 8 status. 

Good morning Chuck, totally agree with you. Timing is looking good my friend 👍

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20 hours ago, ChuckFinley said:

 

This is for sure great news. Having this completed and Art 8 basically being a "Go" may give us a viable time frame for the RV. If I had to pull the trigger on a RV, I would do it just before being approved for Art 8 status. 

Yes that is exactly how it will happen also! They can pull the trigger anytime as long as they are Article 8 compliant they don’t actually have to be formally in Article 8 to change the value!!

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4 minutes ago, Wiljor said:

Good morning Chuck, totally agree with you. Timing is looking good my friend 👍

Morning to you too. It has been a while. I think we have reached the point where timing is everything and I think July is looking good. 

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1 hour ago, Dinarrock said:

Yes that is exactly how it will happen also! They can pull the trigger anytime as long as they are Article 8 compliant they don’t actually have to be formally in Article 8 to change the value!!

I agree, I maybe reading into this more than what is there but I feel this would be a great entering point.

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On 6/14/2019 at 9:54 AM, Dinarrock said:

Yes that is exactly how it will happen also! They can pull the trigger anytime as long as they are Article 8 compliant they don’t actually have to be formally in Article 8 to change the value!!

       Ahhh! But who is "they" ? After 15 years in this investment , I remain foggy on this . What I do know is that the US has more skin in this game than any other country and that we are the most powerful country in this world .  Our motives are good and will benefit many people , and this adds to our power .

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Economist: The achievement of the Central Bank gives him international strength and confidence

19
 
 

 


 He praised economist completion of the Central Bank of Iraq 's final accounts in the legal deadline and receiving a good assessment of an international auditing firm, pointing out: "This assessment gives the central bank and the banking sector strength and confidence at the international level , encouraging international financial bodies to deal with him and granted loans and facilities" . 

The expert said Abdul-Hussein al-Mundhari: "The Office of Financial Supervision has stressed earlier in all ministries and institutions to complete their annual accounts during the first three months and submitted to the Iraqi legal accountant for scrutiny and ratification."

 He added: "The Board of Control and the Central Bank agreed that thesecond offering accounts to international auditing firms recognized for the conduct additional audits of the accounts as well as the Iraqi auditor audited, giving accounts greater credibility because it will be more accurate and in accordance with international standards." 

According Mundhiri, Van: "This measure allows the central bank to obtain a global assessment lends credibility to the accounts required, which makes international actors trust Iraqi banks." 

International auditing company "Ernst & Young" has completed the audit of the Central Bank of the 2018 legal deadline the end of last March, and gave him a good assessment.

 

https://www.thebaghdadpost.com/ar/Story/169998/خبير-اقتصادي-انجاز-البنك-المركزي-يمنحه-قوة-وثقة-دوليتين

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https://m.thebaghdadpost.com/ar/Story/169998/خبير-اقتصادي-انجاز-البنك-المركزي-يمنحه-قوة-وثقة-دوليتين......

June 16, 2019 01:56 PM
 
 
Baghdad Post

Economist: The achievement of the Central Bank gives him international strength and confidence


 He praised economist completion of the Central Bank of Iraq 's final accounts in the legal deadline and receiving a good assessment of an international auditing firm, pointing out: "This assessment gives the central bank and the banking sector strength and confidence at the international level , encouraging international financial bodies to deal with him and granted loans and facilities" . 

The expert said Abdul-Hussein al-Mundhari: "The Office of Financial Supervision has stressed earlier in all ministries and institutions to complete their annual accounts during the first three months and submitted to the Iraqi legal accountant for scrutiny and ratification."

 He added: "The Board of Control and the Central Bank agreed that thesecond offering accounts to international auditing firms recognized for the conduct additional audits of the accounts as well as the Iraqi auditor audited, giving accounts greater credibility because it will be more accurate and in accordance with international standards." 

According Mundhiri, Van: "This measure allows the central bank to obtain a global assessment lends credibility to the accounts required, which makes international actors trust Iraqi banks." 

International auditing company "Ernst & Young" has completed the audit of the Central Bank of the 2018 legal deadline the end of last March, and gave him a good assessment.

 

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“This assessment gives the central bank and the banking sector strength and confidence at the international level , encouraging international financial bodies to deal with him and granted loans and facilities"

 

CBI is ready for international business.

 

Go CBI

Go international 

Go RV

Go $1:1

 

Thanks for the post Blueskyline

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