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Nusseiri: Calls on the government to activate its decisions to support private banks


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1st August, 2019 

 

 

The economic and banking adviser to the Association of Iraqi Private Banks, Samir al-Nusairi, called on Thursday to activate its decisions on government support for private banks, which issued earlier but did not implement what was intended by these decisions

Al-Nusairi said in an interview with the "Economy News" that the structure of the Iraqi banking sector consists of 7 government banks that hold 86% of the total deposits of the government and the public and 78% of the total assets and private banks constitute 70 commercial and Islamic banks and invest 78% of the capital of the banking sector "He pointed out that the objectives set for the banking sector in the fourth axis (strengthening the economy) in the government curriculum focused on achieving lending for development, considering banks as a lever for development and building bridges of trust with the public and achieve financial coverage in the sense of expansion and spread Presented by Ntjat and banking services and the practice of real banking and digital transformation of the banking sector in accordance with the time limits specified in the government program

Al-Nusairi stressed the importance of stimulating and revitalizing the economy with banking finance and banking facilities in the face of its implementation at present. Despite the great efforts exerted by the Central Bank since 2016 to implement the objectives of its strategy for the years (2016-2020) The most important of which are the structural, structural and technical developments in banks,increasing the proportion of financial coverage and investment in human capital, and moving towards stability in the monetary system and stability in the exchange rate. Y year and a half

He pointed out that the banks also need government support for the purpose of achieving what is stated in the governmental curricula, taking into account the following: The nature of the activities of the banks depends on the nature of the activities of the economic sectors. As long as the economic activity is concentrated in trade (imports), the activity of banks remains concentrated on foreign transfer and related Therefore, unless the other sectors (industry, agriculture, tourism) and others move to predict the diversity of banking activity, the legal environment and the extension of the rule of law should be provided to eliminate the phenomenon of default in the repayment of loans. Form a large proportion of total credit granted and thus reluctance of banks to provide loans and banking facilities

Without the control of imports, these sectors will not rise, which explains the lack of progress on serious loans through the initiative of the Central Bank

He added that the non-activation of the decisions of the Council of Ministers and the Committee on Economic Affairs in the Council of Ministers, which had previously been issued to support the banking sector, especially private banks, have impeded the activities and activities of private banks and significantly affected the liquidity and revenues and deposits for that and for the purpose of implementation of the government program to ensure the transition The role of banks from banking to the developmental role and the revitalization of the banking business requires the government and in particular the Council of Ministers and the Committee on economic Affairs to activate the decisions that have already been issued by the Council of Ministers and the Committee on economic Affairs and is also documented in numbers and the following dates: - 
 a 1- 
Not to accept the Ministry of Finance to open bank accounts for ministries and state departments in private banks and to reserve them in government banks under its book 207 dated 31/1/2019

2 - Activate the decision to allow ministries and government departments to open documentary credits in private banks up to 50 million dollars without going through the Iraqi Bank for Trade

3 - Activation of the Council of Ministers Resolution No. 110 of 2009 and the decision of the Committee on Economic Affairs 141 on 20/02/2012 regarding the transfer of government documentary bank credit up to 30 million dollars to private banks through the Iraqi Bank for Trade

4- Activating the decision of the Committee of Economic Affairs No. 253 of 2015
Regarding the acceptance of instruments ratified by private banks to pay insurance and customs fees and taxes

Second: Activating the Cabinet Resolution No. 378 of 2018 concerning the collection of government fees in the government departments through electronic payment

Third: Activating the financial services court formed in accordance with the Central Bank Law No. 56 of 2004, and the court may refer cases that require referral to the competent courts in accordance with the applicable penal law

4 - to consider the debts of troubled banks customers in the private banks urgent claims and excellent debt like government debt

Fifth, in addition to the efforts of the Central Bank requires the government also to work to provide conditions and take measures to help private banks to obtain the credit rating adopted internationally and thus strengthen international banking relations with correspondent banks

VI - The Ministry of Finance to compensate for the damage to the monetary assets and fixed lost by the branches of private banks, which amounted to (37) branches in the provinces occupied by the terrorist advocate and documented with the Central Bank of Iraq

VII. Activating the decisions of the Council of Ministers No. 313 of 2016 and 218 of 2017 regarding the settlement of salaries of employees and the demand from government departments to settle their salaries as they wish and not to direct them to settle salaries in government banks exclusively

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Iraq signs memorandum of understanding with the United Nations for the reconstruction and recovery of liberated areas

 

Iraq signs memorandum of understanding with the United Nations for the reconstruction and recovery of liberated areas

 

2019/8/1 11:44

 

Iraq signed a memorandum of understanding with the United Nations Assistance Mission for Iraq (UNAMI) on Thursday on the Iraq Reconstruction and Recovery Trust Fund. The memorandum of understanding on Iraq was signed by Minister of Planning Nuri al-Dulaimi, and signed by the United Nations Mission Marta Ruidas, the UN Resident Coordinator in Iraq. 

Al-Dulaimi said after the signing of the agreement that "this memorandum organized the work of the management of the Fund for Recovery, Reform, Reconstruction and Development, which comes within the obligations of the Iraqi government decisions of the Kuwait Conference in February 2018, in the management of support pledged by the international community to provide the Iraqi government for the purpose of reconstruction and development and economic reform. 

He explained that "the fund, which was established on the basis of the Council of Ministers Resolution No. 53 of 2019, will be implemented through vital projects and infrastructure projects and provide basic services to citizens by the United Nations mission in cooperation with relevant authorities in the federal government and local governments."

For her part, Ruedas stressed the importance of this memorandum in the implementation of several vital projects and the optimal guidance for international grants to Iraq, indicating the keenness of the United Nations Mission to increase international support and cooperation with the Iraqi government in its reconstruction and stability efforts.

 


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Iraq signs memorandum of understanding with United Nations to organize trust fund for reconstruction of liberated areas     

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News of the death of bin Laden's son

 

2019_7_31_20_37_54_624-696x522.jpg

 

1st August, 2019

 


The US NBC television channel reported that the United States has information from intelligence agencies about the killing of Osama bin Laden's son, Hamza, who is considered a "key leader" in al Qaeda.

"I do not want to comment on this," President Donald Trump said twice in response to questions from journalists about the information on which NBC relied on three sources it did not disclose. The New York Times reported that the United States "played a role" in the killing of Hamza.

The paper, based on two US officials, said it could not get further details about the operation. NBC and The New York Times have no details of the history, place or circumstances of his death.

But the New York Times said he had been killed in the last two years. Hamza bin Laden is the successor to his father, who founded al-Qaeda responsible for the September 11, 2001 attacks. Three US officials said the 30-year-old was on the US black list of terrorism suspects.

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https://cbi.iq/news/view/1215

Workshop on Basel II and Banking Risk Management


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1st August, 2019

 

 

The Banking Studies Center of the Central Bank of Iraq (CBE) held a specialized workshop on "Basel Decisions and Banking Risk Management" which lasted for three days from 29 to 31 July 2019.
 
The workshop was attended by representatives of 47 public and private banks and employees of the Central Bank from the branches of Baghdad, Mosul, Erbil and Basra.
 
Central Bank of Iraq
information Office
1 August

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Justice is a committee to settle the salaries of its employees and give them freedom to choose a bank


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1st August, 2019

 

The Ministry of Justice announced on Thursday the formation of a committee to settle the salaries of employees of the ministry and at their choice in government and private banks approved by the Central Bank.

"In implementation of the directives of the Prime Minister regarding the settlement of the salaries of state employees within the framework of the decisions of the fifth and sixth sessions of the Supreme Council for Combating Corruption, which confirmed the acceleration of the process of settling salaries through the Ministry of Information, Opening a bank account for each employee in preparation for receiving his salary through the electronic account and under a bank card.

"The Minister of Justice Farouk Amin Al-Shwani formed a committee to settle the salaries of the ministry's employees and grant them the freedom to choose one of the government or non-governmental banks approved by the Central Bank of Iraq. An electronic account by the General Secretariat of the Council of Ministers / Audit and Control Department No. (1/008530) on 14/3/2019, which includes the acceleration of the process of settling salaries of employees according to the decision of the Council of Ministers (81) for 2017 and 270 ) For the year 2018, as well as reference to the functional number in relation to their names in an open book Banks".
 
She pointed to the inclusion of the following banks Rafidain Bank, the Bank of Rasheed, the Iraqi Islamic Bank, the Iraqi Bank for Trade.
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Association of Iraqi private banks concludes the cycle "Treasury Department"


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1st August, 2019

 

 

The Iraqi Private Banks Association, in cooperation with the Central Bank of Iraq and the Joint Efforts Group, concluded Thursday a "treasury management" course for a number of employees in private and government banks

A total of 38 trainees from private and government banks participated in the five-day course at the Association's headquarters in Baghdad. The target groups for the course were treasury and investment department staff, risk management staff and operations

"We thank the Central Bank and the group of efforts to support the Association in setting up this course, providing all its needs and choosing an efficient trainer capable of delivering information in a simplified way to the trainees," said Ahmed Al Hashemi, director of administration and training at the graduation ceremony

Al-Hashemi added that "the Association of Iraqi private banks aim to develop human cadres working in private banks and government," pointing out that "the Association has obtained the approval of the Central Bank for the establishment of professional training in the management of the treasury, which has special criteria for the selection of people, because the certificate will be recognized

The participants praised the training center of the Association of Private Banks and stressed that they provided all conditions for the success of the circumstances

At the conclusion of the ceremony, the trainees took a group photo with the trainer and they hold the graduation certificates they obtained after the course ended

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Samsung Electronics, the Middle East's first business solutions forum in Iraq


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1st August, 2019

 

Samsung Electronics recently launched its first business solutions forum in Iraq under the theme" The spirit of technology and modernity meets with originality", with the participation and participation of its current and potential customers and partners from the institutional sector of various industries including Banking, finance, logistics, retail, hospitality, hospitality, health care, etc., as well as the participation of industry professionals, media representatives and official and influential figures.

 
The forum, which was held at the Babel Rotana Hotel in Baghdad, aims to raise awareness and knowledge about the features and benefits of Samsung's business innovations, highlighting a wide range of specialized solutions , both new and existing, revealed at the forum. meet the requirements and needs of the various fields and industries, focusing on solutions for security and protection, and solutions content management of mobile devices from smart phones and Tablet Tablets, and Alyallohat digital screens, systems television hotel (IPTV), and a series of computer monitors HD, and smooth hardware tablet of Tablets latest for this year, as well as the commercial central air - conditioning systems, with its activities, which varied between words, presentations, explanations and product offerings.
 
During the forum, Samsung has reviewed several solutions Business-oriented digital signage, most notably video display panels, ultra-high-definition digital display panels, full-color digital display panels, and 8K smartphones, as well as semi-external panels, LCD monitors and others, including QLED panels The highest level of market-level display accuracy based on the artificial intelligence enhancement technology enhances the quality of any image in commercial presentations and transforms it into more dynamic and dynamic content to attract the attention of potential customers, along with a number of OMN / T provides a clear and consistent view even in bright conditions such as direct sunlight, as well as the ultra-slim QMR / QBR 4K digital display panel with smaller edges and harmonious design, designed specifically for shopping malls, retail stores and airports, To quality plates.

The forum also saw a digital Flip panel with a customizable design that enhances productivity and collaboration in the business environment, a panel that Samsung has won the Best Innovation Award for the award-winning media at the AV News Awards. to the best new technology award for the year 2019 for the unified and cooperative communications category , and that peer - effective contribution to the promotion of creative office meetings.

On the other hand, Samsung presented to its attendees and participants the latest technologies of its central air conditioning systems, especially the most advanced and efficient DVM S Desert (VRF) systems, providing the highest level of comfort with the highest capacity for an HP24 external unit. DVM S Desert (VRF) systems are capable of operating efficiently in extreme climatic conditions; they have been tested at 58 ° C global laboratories. In addition, internal air conditioning units have been introduced in various forms and capacities that can be installed as commercial air conditioners or internal modules within DVM S Desert (VRF) systems, including the 360 cassette units that have a modern design suitable for all interior decoration designs, Heat, and Windfree cassette recorders for optimal comfort and energy efficiency. S Eco , which is the best in class HP10, making it suitable to cover more space with less space and can be installed in the external balconies of residential projects, as well as the display of several models of the systems of Samsung "air conditioners" Ceiling Suspended Ceiling and Ceiling Mount , And wall mounts.
 

Osama Al Ashqar , Head of Business Solutions , said: "We are delighted to have the first business forum in Iraq and support our customers and partners in the industry by attending our various production lines, who take the opportunity to value their efforts to enhance our brand presence and representation. "This forum is of great importance as it affirms our commitment to providing the latest practical solutions that deliver added value to business customers, looking forward to becoming an annual tradition for us to serve our objectives to create new possibilities that will transform the future with u.  Our customers, by giving them the solutions, tools, products and technologies that will help them grow their business and widen competition for their benefit. "

Al-Ashqar concluded that Samsung's portfolio of business solutions is actively contributing to raising the standards of services provided by the business sector in any of its fields and enhancing its productivity thanks to its unprecedented functions, advantages and functions.

 

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Video: Samsung holds its first conference in Baghdad ... Iraq is one of the largest markets in the region

 

Iraq is one of the largest markets in the region, because of the security stability and the revival of commercial activity in the country prompted Samsung Electronics to hold its first conference in Baghdad.

 - video on the link

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Iraq sells oil for $ 6.7 billion in July

 

Iraq sells oil for $ 6.7 billion in July
 
 
2019/8/1 14:45
 
 
The Ministry of Oil announced the total exports and revenues achieved for the month of July, according to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).

 

The ministry spokesman Assem Jihad said in a statement received by the agency {Euphrates News} a copy of it, "the total quantities exported crude oil for the month of July from the oil fields in central and southern Iraq amounted to 106 million and 500 thousand and 15 barrels, while from Kirkuk fields through the port of Ceyhan amounted to Exported quantities 3 million and 119 thousand and 578 barrels, while the quantities exported from the field Qayara 929 thousand and 145 barrels. 

He pointed out that "the daily average of exports amounted to 3 million 566 thousand barrels, where the daily rate of export from the ports of Basra 3 million and 435 thousand barrels, and Ceyhan was the daily average of 101 thousand barrels, while the daily rate of the field Qayara 30 thousand barrels".  Jihad said that "the average price per barrel amounted to (61.156) dollars." 
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Axis Alliance: Dagger behind the disruption of the Ministry of Education

 

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31st July, 2019


The MP of the Axis Alliance Muqamam al-Jumaili, on Wednesday, that the reason for rejecting the nomination of the Ministry of Education candidate belongs to someone Khamis Khanjar.

Jumaili said, "The political blocs insisted on not nominating any person to get the post of Minister of Education provided by Khamis Khanjar, although it has the ability and efficiency."

He added that "the survival of the ministry vacant under the pretext of Khamis dagger will lead the educational process to the unknown, especially as we are coming on a new school season after the end of the legislative holiday."

He explained that "the Axis Alliance gave the green light to the Prime Minister to provide an independent figure for the post."

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27 minutes ago, ChuckFinley said:

Thanks Thug,   waiting for an Adam update to close out my week. :twothumbs:

 

That’s Pretty Much The Only Reason Why People Are Still Loitering Around Here This Time Of The Week ! ;) 

 

 

 

That - And To Hear Guru Bro’tling Talkin’ Some ‘Chit ! :o 

 

:D  :D  :D  

 

 

 

8-1-2019   Newshound Guru  Breitling   ...

Trump is bitching about the Federal Reserve.  Why

Because all these countries are artificially lowering the value of their currencies so they can compete with one another...

Trump is like, 

'Hey, we need to do that too or we're going to get hurt here.'...

Trump can't get the Federal Reserve to lower the value of the currency  [U.S. Dollar]...

the idea that the president has control over the currency, well that stops that debate right

He's begging them to lower interest rates.  

So Trump doesn't have control over our currency of whether it goes up or down he sure as $hit doesn't have control of Iraq's currency does he? 

So that will give you a clue of the reality of it...
 

Edited by DinarThug
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If you didn't know it already Trump has nothing to say about the U.S. Currency because the FED isn't the UNITED STATE or the UNITED STATES TREASURY, It is the IMF, World Bank, Rotchilds, International BANKSTERS and you can blame President Woodrow Wilson for that little present. They've done exactly what they've wanted to do since then, Got us up to our eyeballs in DEBT, DEBT, DEBT...

Want to lose a Trillion in Debt? (and I know at this point, That's chump change but) Get RID of the FED and let our own Treasury print our money!!! Hell it's not even money it's nothing but Credit and DEBT notes, promise to pay in the future, there is no money....

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4 minutes ago, 64jaguar said:

Got us up to our eyeballs in DEBT, DEBT, DEBT...

 

For The Record - It Was The Previous Administration That More Than Doubled Our Debt By Outspending Every Other Prior President Combined ! :o 

 

:D  :D  :D 

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6 minutes ago, DinarThug said:

 

For The Record - It Was The Previous Administration That More Than Doubled Our Debt By Outspending Every Other Prior President Combined ! :o 

 

:D  :D  :D 

 

:twothumbs: ABSOLUTELY, DinarThug, AND The Very Best Of Your Weekend To You!!! :tiphat:

 

Oh, Oh, Iya dunno IF the comments are ON TOPIC, THOUGH!!!

 

:lmao:   :lmao:   :lmao:

 

TRUTH be TOLD, WE are in a FAR MO BETTAH PLACE WITH The True The United States Of America Patriot President Donald J Trump AND The True The United States Of America Patriots IN PLACE NOW even DEFINITELY related to THIS Speculative Bicraqi Iraqi Dinar Investment - ESPECIALLY WITH Insanian, to INCLUDE Insanian IRGC, mitigation!!!

 

:backflip:   :backflip:   :backflip:

 

By the way, I do NOT give You Red Ruby Citations As Badges Of Honor For You For "Display Of Intellectual Speed And Power" but give purple trophies, emeralds, AND HaHas!!! I trust You don't mind!!! :lmao:   :lmao:   :lmao: 

 

Go MAGA!!!

 

Go True The United States Of America Patriot President Donald J Trump!!!

 

Go True The United States Of America Patriots!!!

 

THANK YOU, THANK YOU, THANK YOU, To ALL The Red Rubymeisters IN ADVANCE For ALL The Red Ruby Citations As Badges Of Honor For ME For "Display Of Intellectual Speed And Power"!!!

 

:bravo:   :bravo:   :bravo:

 

Go Red Rubymeisters (ELSEWHERE!!!)!!!

 

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

:rodeo:   :pirateship:

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Just now, ChuckFinley said:

That is absolutely correct and no one wants to talk about that crap hole. 

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: ABSOLUTELY, ChuckFinley, AND The Very Best Of Your Up Coming Weekend To You!!! :tiphat:

 

Hey, YOU might even get some Red Ruby Citations from the Red Rubymeisters As Badges Of Honor For You For "Display Of Intellectual Speed And Power"!!!

 

:bravo:   :bravo:   :bravo:

 

I give YOU ONLY purple trophies AND emeralds, THOUGH!!! I hope YOU don't mind!!! :lmao:   :lmao:   :lmao:

 

Go Moola Nova!

:pirateship:

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Short Delta IMF Article VIII Chat ...

 

 

2cents:  Hey susie,  

I have not seen where the IMF has announced Iraq has accepted Article VIII obligations.....Article IV consultations generate a report to go to the Board.  The Board then approves actions.  This has yet to be done as far as I know.  When they announce, Iraq will move from Article XIV to Article VIII officially.  The announcement will be something along the lines of "Iraq has accepted Article VIII obligations as of _______"  That date will be many months ago as it is not a decision of Iraq but rather performance of Iraq mandated.  They have to demonstrate over at least 90 days they are compliant with Article VIII.  The last hurdle was Jordan.  That is now past.  All IMO of course.

 

SurfsUp:  Are you then stating iyo we have 90 days to go from the time they passed the last hurdle being Jordan, Or from the unknown time when they might have accepted article 8 and since have stayed in compliance?  

 

2cents:  From the unknown time.......Based on Article IV consultation they appear good to go.  I am saying we are waiting for the IMF Board to approve and announce.....but they will say as of _______ which will be months ago. IMO

 

Delta: 

GOOD JOB 2CENTS I LIKE TEAM WORK...A LIKE TO ADD THAT IRAQ  HAVE TO RI FIRST THEN THEY WILL BE ALLOW TO GET INTO ARTICLE VIII...SO IMO WE SHOULD SEE THE RATE CHANGE FIRST....

DELTA

 

 

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24 minutes ago, Synopsis said:

:twothumbs: ABSOLUTELY, DinarThug,!!!

By the way, I do NOT give You Red Ruby Citations As Badges Of Honor but give purple trophies, emeralds, AND HaHas!!!

 :lmao:   :lmao:   :lmao: 

 

That’s Cool - And Red Rubies Don’t Bother Me ! ;) 

 

 

B!tch I Look Good In Rouge ! :o 

 

the joker GIF

 

:D  :D  :D 

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Just now, DinarThug said:

 

That’s Cool - And Red Rubies Don’t Bother Me ! ;) 

 

 

B!tch I Look Good In Rouge ! :o 

 

the joker GIF

 

:D  :D  :D 

 

:lmao:   :lmao:   :lmao:

 

:twothumbs: THEE "Proper" "Response" IS IN "Order"!!!, DinarThug, AND All The Very Best!!! :tiphat:

 

Go Moola Nova!

:pirateship:

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50 minutes ago, DinarThug said:

 

For The Record - It Was The Previous Administration That More Than Doubled Our Debt By Outspending Every Other Prior President Combined ! :o 

 

:D  :D  :D 

Just for the record, I wasn't beating up on Trump, he inherited this mess, and I love what he's doing but even he won't get us out of that Mess...:twocents:

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42 minutes ago, 64jaguar said:

Just for the record, I wasn't beating up on Trump, he inherited this mess, and I love what he's doing but even he won't get us out of that Mess...:twocents:

Don’t beat on trump

wait till I become prez

 

i love a good beating

 

twice

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