Mary B Posted February 16, 2020 Report Share Posted February 16, 2020 Details of the coordination meeting between the Central Bank and the Rafidain Bank Rafidain Bank participated in the coordination meeting held by the Central Bank of Iraq - Mosul branch in the presence of officials and specialists in the financial and banking affairs and electronic payment companies to discuss the joint work plan in preparation for the activities of the Arab Day for financial inclusion. The media office of the bank said in a statement, “The meeting addressed the steps that will be implemented during participation on the day of financial inclusion, which will be from 25-30 / 2020/4 and with the participation of banks in the country and the accompanying this important event of holding conferences, seminars and workshops to promote the concept of inclusion The financial and offering services and products provided by banks to their customers. ” The statement added that "the attendees praised the efforts of the Rafidain Bank in settling the salaries of state employees and what it provides through the MasterCard credit card, loans and other benefits via the electronic card." Count https://www.thebaghdadpost.com/ar/Story/188928/%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D8%A7%D9%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D8%AA%D9%86%D8%B3%D9%8A%D9%82%D9%8A-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%88%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86 3 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 18, 2020 Report Share Posted February 18, 2020 LINK Rafidain Bank goes on to retrieve the amounts by the delayers who declined to pay 18th February, 2020 The Rafidain Bank confirmed that it would continue to recover its funds from the delayers, who refrained from paying their amounts of late monthly payments or installments due to the loans taken from the bank. The bank's media office said in a statement, "The bank continues to follow its money from its reluctant clients who refuse to pay it according to the legal conditions and procedures." He pointed out that "a steady follow-up to this issue has contributed to the recovery of more than 16 billion dinars in 2019 and the bank has taken all legal methods against those who failed to pay the bank's money." 3 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 18, 2020 Report Share Posted February 18, 2020 The main goal is to increase the financial inclusion. Go CBI Go financial inclusion Go e-banking Go RV 1 6 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 19, 2020 Report Share Posted February 19, 2020 https://cbi.iq/news/view/1427 Confirmation of closing of the accounts of the merging brokerage firms opened with the approved banks 18th February, 2020 To / All Approved Banks ( Account Closure ) We confirm what was stated in our numbered number (9/5/333) dated 5/8/2019 and the attached requirements for granting the license to merging exchange companies for the two categories (A, B), paragraph (9) of it, including ( closing all accounts of brokerage firms buying and selling merged foreign currencies). Open at authorized banks with the exception of ( parent company ) accounts. 2 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 19, 2020 Report Share Posted February 19, 2020 LINK The central bank determines the percentage of fees charged to banks 18th February, 2020 The Central Bank of Iraq, on Tuesday, directed banks and financial institutions to commit to meeting the commissions prescribed by its transactions The bank said in a statement received by "Eye of Iraq News", that "all banks and financial institutions have an obligation to fulfill the commissions previously determined by their transactions, which are as follows 1- Purchase commission through points of sale: free of charge 2- Cash withdrawal commission through points of sale (0.006 of the amount) a minimum (2,000 Iraqi dinars), or 6,000 dinars per 1 million Iraqi dinars, and if the amount of 333,000 dinars is withdrawn or less, then the lowest commission applies and amounts to (2,000 Iraqi dinars) 3- Cash withdrawal commission through the ATM: (0.004 of the withdrawn amount) The lowest commission (1,000 Iraqi dinars), i.e. 4,000 Iraqi dinars per 1 million dinars, and in the event of withdrawing an amount of 250,000 Iraqi dinars or less applied The lowest commission is (1,000 Iraqi dinars) ########## LINK The central directs banks and institutions to commit to collecting the prescribed commission 18th February, 2020 4 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 19, 2020 Report Share Posted February 19, 2020 LINK Central: The annual report of foreign reserves shows a positive performance in 2019 19th February, 2020 The data of the annual report of the Central Bank of Iraq, on foreign reserves, showed a positive performance in 2019 compared to 2018 "A copy of it," the central bank said in a statement, received by Economy News, "that foreign reserves grew by 5.52% in 2019 compared to 2018, as a result of the increase in the bank's purchases of US dollars from the Ministry of Finance compared to its sales through the currency sale window, as well as Profits realized from the returns of the investment portfolio in its various segments The statement added, "On the level of investment portfolios, the value of this portfolio achieved net growth in 2019 by 18.4% compared to 2018, accompanied by a growth in returns on these portfolios in 2019 by 59% compared to 2018 And he explained that "the gold segment has grown in 2019 by 18.8% compared to 2018," noting that although the bank's investment in this asset has not increased during this year, the increase in the value of these holdings came as a result of the significant increase witnessed by the price of gold globally 4 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 20, 2020 Report Share Posted February 20, 2020 (edited) 6 hours ago, DinarThug said: Central: The annual report of foreign reserves shows a positive performance in 2019 19th February, 2020 The data of the annual report of the Central Bank of Iraq, on foreign reserves, showed a positive performance in 2019 compared to 2018 "A copy of it," the central bank said in a statement, received by Economy News, "that foreign reserves grew by 5.52% in 2019 compared to 2018, as a result of the increase in the bank's purchases of US dollars from the Ministry of Finance compared to its sales through the currency sale window, as well as Profits realized from the returns of the investment portfolio in its various segments The statement added, "On the level of investment portfolios, the value of this portfolio achieved net growth in 2019 by 18.4% compared to 2018, accompanied by a growth in returns on these portfolios in 2019 by 59% compared to 2018 And he explained that "the gold segment has grown in 2019 by 18.8% compared to 2018," noting that although the bank's investment in this asset has not increased during this year, the increase in the value of these holdings came as a result of the significant increase witnessed by the price of gold globally Central Bank: High hard currency reserves .. and reveals details Time: 02/19/2020 23:31:14 {Baghdad: Al Furat News} The Central Bank of Iraq revealed a rise in the country's reserves of hard currency during the past year by more than 5 percent compared to 2018. An official source at the Central Bank said in a press statement that "the data of the annual report of foreign reserves showed a positive performance in the past year compared to 2018, as these reserves grew by 5.52 percent as a result of an increase in the Central Bank purchases of the US dollar, compared to its sales through the currency sale window As well as the profits accrued from the returns of the investment portfolio in its various segments. He added, "At the level of investment portfolios, their values achieved net growth in the past year of 18.4 percent compared to 2018, accompanied by a growth of returns on these portfolios in the past year by 59 percent compared to 2018. The source added that "the gold slices also grew in the year 2019 by 18.8 percent compared to the year 2018, as despite the increase in the bank's investment in gold, there is an increase in the value of these holdings as a result of the significant increase in the price of gold globally." Iraq is ranked 38th in the world with its possession of gold, and 5th in the Arab world, for a total of 96.3 tons. The source pointed out that this comes within the central bank's plan to enhance the returns of reserves and build capacity in the field of reserves management by establishing several international banking relationships and entering into agreements and memoranda of understanding with a number of international banks and major financial institutionssuch as the International Bank for Reconstruction and Development and the Arab Monetary Fund as well as international institutions Concerned with investment management. Ammar Al-Masoudi finished LINK Edited February 20, 2020 by DinarThug 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 20, 2020 Report Share Posted February 20, 2020 Hard currency reserves growing Gold reserves growing Investment portfolio growing CBI is moving towards strengthening the dinar exchange rate. 2 4 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted February 20, 2020 Report Share Posted February 20, 2020 16 minutes ago, Laid Back said: Hard currency reserves growing Gold reserves growing Investment portfolio growing CBI is moving towards strengthening the dinar exchange rate. When when when??! 4 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 20, 2020 Report Share Posted February 20, 2020 4 hours ago, Dinarrock said: When when when??! Soon soon soon 😂 Go RV asap 4 Quote Link to comment Share on other sites More sharing options...
screwball Posted February 20, 2020 Report Share Posted February 20, 2020 (edited) 26 minutes ago, Laid Back said: Soon soon soon 😂 Go RV asap Very soom I hope Edited February 20, 2020 by screwball 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 20, 2020 Report Share Posted February 20, 2020 (edited) 12 hours ago, DinarThug said: Central: The annual report of foreign reserves shows a positive performance in 2019 19th February, 2020 The data of the annual report of the Central Bank of Iraq, on foreign reserves, showed a positive performance in 2019 compared to 2018 "A copy of it," the central bank said in a statement, received by Economy News, "that foreign reserves grew by 5.52% in 2019 compared to 2018, as a result of the increase in the bank's purchases of US dollars from the Ministry of Finance compared to its sales through the currency sale window, as well as Profits realized from the returns of the investment portfolio in its various segments The statement added, "On the level of investment portfolios, the value of this portfolio achieved net growth in 2019 by 18.4% compared to 2018, accompanied by a growth in returns on these portfolios in 2019 by 59% compared to 2018 And he explained that "the gold segment has grown in 2019 by 18.8% compared to 2018," noting that although the bank's investment in this asset has not increased during this year, the increase in the value of these holdings came as a result of the significant increase witnessed by the price of gold globally LINK The foreign reserves of the Central Bank of Iraq are growing in 2019 20th February, 2020 by Samir Al-Nassery The Central Bank of Iraq issued a press release on the annual report on the performance of foreign reserves for 2019 in line with the strategy and the principle of disclosure and transparency that the Central Bank is working on in international banking transactions. As the annual report shows that foreign reserves achieved a growth of 5.52% compared to 2018. On the level of investment portfolios, their value achieved a net growth of 18.4% compared to 2018, accompanied by a growth in returns to investment portfolios by 59%. The statement pointed out that the gold reserves had achieved a growth rate of 18.8% and Iraq ranked 38 globally and 5 Arabs and a total balance of 96.3 tons. The annual report for 2019 also confirmed that the growth rates achieved in foreign reserves were consistent with the central bank's plan to enhance returns and build capacity in the field of self-management of reserves. Therefore, during the year 2019, the bank established international banking relations and entered into agreements and memoranda of understanding with international banks classified and institutions Solid finance, the International Bank for Reconstruction and Development, the Arab Monetary Fund and international institutions concerned with investment management. Which has had a great impact on achieving economic resilience and consequently the financial victory in complicated circumstances that have continued during the past five years. The follower and the specialist are well aware that access to these rates of foreign reserves is due to the central bank adopting safe investment policies, which strengthened the credit position internationally and restored confidence in the Iraqi economy and its international banking relationships. In addition, what the Central Bank accomplished in 2019 confirms the integrity and success of its strategy for the years (2016-2020). And achieved from the achievements in the financing activity and activating its initiative to finance small and medium projects and raising the loan ceiling to one billion dinars for each project within the initiative’s goals in stimulating the economic cycle and supporting the implementation of the objectives of the desired economic reform and strengthening the economy and achieving the goal of banks as a development lever. Therefore, the bank is currently working on direct Islamic financing for government and private banks. In addition to that, the implementation of societal initiatives is expanded from the Fund for Empowering National Effective Experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. The clear evidence that can never be covered is the continuation and perpetuation of the stability of the exchange rate over a period of two years and maintaining the inflation rate of less than 2%. Thus, the Central Bank, with its distinguished and national work team, was able to achieve its goals set out in its Law 56 of 2004, which is to build foreign reserves, reduce inflation and maintain The stability of the exchange rate. The Central Bank is currently actively and aggressively achieving the goals of strengthening the economy and banks for development. Edited February 20, 2020 by DinarThug 1 3 2 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted February 20, 2020 Report Share Posted February 20, 2020 https://www.almaalomah.com/2020/02/20/456879/........ Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies 10:45 - 20/2020 0 The information / Baghdad .. Al-Rafidain Bank announced, on Thursday, that documentary credits will be opened for state ministries, merchants and private sector companies, with soft commissions. The bank’s media office said in a statement, which received (information), a copy of it, that “the bank is ready to receive requests to open documentary credits for merchants and the public and private sectors in financing foreign trade.” The statement added, "Opening the documentary credit for the merchants who carry out the import and export operations of their goods and shipping them and taking them out in case they conform to the legal conditions are easy with the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks." Ended / 3 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted February 20, 2020 Report Share Posted February 20, 2020 (edited) 1 hour ago, blueskyline said: Article: Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies. “the bank is ready to receive requests to open documentary credits for merchants and the public and private sectors in financing foreign trade.” Thanks blueskyline....a very promising statement...! Edited February 20, 2020 by ronscarpa 3 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 20, 2020 Report Share Posted February 20, 2020 5 hours ago, blueskyline said: Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies 10:45 - 20/2020 0 The information / Baghdad .. Al-Rafidain Bank announced, on Thursday, that documentary credits will be opened for state ministries, merchants and private sector companies, with soft commissions. The bank’s media office said in a statement, which received (information), a copy of it, that “the bank is ready to receive requests to open documentary credits for merchants and the public and private sectors in financing foreign trade.” The statement added, "Opening the documentary credit for the merchants who carry out the import and export operations of their goods and shipping them and taking them out in case they conform to the legal conditions are easy with the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks." Ended / LINK Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies 20th February, 2020 Al-Rafidain Bank announced, on Thursday, the opening of documentary credits for state ministries, merchants and private sector companies, with soft commissions. "The bank is ready to receive requests to open documentary credits for merchants and the public and private sectors in financing foreign trade," the bank’s media office said in a statement received by Mawazine News. He pointed out, "Opening the documentary credit for the merchants who carry out the operations of importing and exporting their goods and shipping them and taking them out in case they conform to the legal conditions in an easy way at the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks." 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted February 20, 2020 Report Share Posted February 20, 2020 LINK Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies 02/20/2020 10:14:35 Al-Rafidain Bank announced the opening of documentary credits to state ministries, merchants and private sector companies with soft commissions. The bank’s media office said in a statement that the Al Furat News Agency received a copy of it. He pointed out that "opening the documentary credit for the merchants who carry out the operations of importing and exporting their goods and shipping and taking them out in case they conform to the legal conditions is easy with the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks." 1 2 Quote Link to comment Share on other sites More sharing options...
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