The Central Bank participates in the "Bani" platform

[Mary B]

The Central Bank participates in the "Bani" platform

Economie

2020-07-13

The Central Bank of Iraq announced, on Monday, that it will organize and in cooperation with the Arab Monetary Fund this morning, a workshop for banks operating in Iraq to participate in the "structures" platform for Arab payments.

The bank added in a statement that Alsumaria News received a copy of it, "This comes after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are being made for this bank and a number of local banks to participate directly in the platform." .

 

The
statement pointed out , that " the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it."
He explained
that the "platform built represents a multi - currency payment platform provides clearing services and settlement currencies Arab and international currencies in which the eligibility requirements are available, for clearing and settlement of financial transactions intra - Arab as well as financial transactions between the Arab countries and trading partners presidents of Arab countries."

 

He continued:
" It also aims the platform to enable financial and banking institutions in the Arab region , including the central and commercial banks, to send and receive intra - payments throughout the Arab region and beyond are safe and reliable cost suitable for high and effectiveness, as well as the platform structures provided to participants Modern payment solutions that comply with international standards, principles and international compliance requirements. "
Showed
that, "In the economic and financial integration opportunities in the Arab region , it is where it effectively contributes to support investment ties with Arab countries in various continents trading
partners. It will be the platform available to all banks that meet the criteria and conditions for participation, and in the forefront of standards and procedures Compliance aspects. "

 

https://www.alsumaria.tv/news/اقتصاد/351532/البنك-المركزي-يشارك-في-منصة-بُنى?src=rss&utm_campaign=rss&utm_source=Rss-articles&utm_term=Rss&utm_medium=Rss-351532

[Mary B]

The central bank participates in the Bani platform

 

Economy News _ Baghdad The Central Bank of Iraq announced, on Monday, that it will organize and in cooperation with the Arab Monetary Fund this morning, a workshop for banks operating in Iraq to participate in the "structures" platform for Arab payments. The bank added in a statement, "Economy News" received a copy of it, "This comes after the announcement of the launch of a platform for Arab payments of the Regional Corporation for the clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are made for this bank and a number of local banks for direct participation in Platform". The statement pointed out , that " the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it." He explained that the "platform built represents a multi - currency payment platform provides clearing services and settlement currencies Arab and international currencies in which the eligibility requirements are available, for clearing and settlement of financial transactions intra - Arab as well as financial transactions between the Arab countries and trading partners presidents of Arab countries." He continued: "The platform also aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to that the Beni platform provides the participants with payment solutions Hadith conforms to international standards, principles and international compliance requirements. " Showed that, "In the economic and financial integration opportunities in the Arab region , it is where it effectively contributes to support investment ties with Arab countries in various continents trading partners. It will be the platform available to all banks that meet the criteria and conditions for participation, and in the forefront of standards and procedures Compliance aspects. "

Date added 13/07/2020   http://economy-news.net/content.php?id=20996

[Mary B]

The Central participates in a workshop for public banks in Iraq

 The Central participates in a workshop for public banks in Iraq

 Today, 10:27

Gilgamesh Press / Baghdad 

Today, Monday, the Central Bank, in cooperation with the Arab Monetary Fund, joined a workshop for banks operating in Iraq to participate in the platform.
According to a statement by the Central Bank, the participation comes after the announcement of the launch of a platform for Arab payments of the regional institution for clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund and preparations are made for this bank and a number of local banks for direct participation in the platform.
The statement added that the workshop will discuss the proposed banks' business plans and touch on the technical requirements and the steps required to ensure that they are easily connected to the platform and to know the banks ’readiness to do so.
It is noteworthy that the "Bani" platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies that meet the eligibility requirements, to clearing and settling inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries.
The platform aims, according to the statement, to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to that the platform is provided to the participants Modern payment solutions that comply with international standards, principles and international compliance requirements.
And in the opportunities for economic and financial integration in the Arab region, it actively contributes to it to support investment links with the trading partners of Arab countries on various continents.
The platform will be available to all banks that meet the criteria and conditions for participation in them, foremost among which are the standards and procedures for compliance aspects.
The

 

https://glgamesh.com/146557--.html

[Mary B]

Central Bureau of Statistics: 1794 banking office in Iraq with a capital of 1.3 trillion dinars

2020-07-13

The Central Statistical Organization announced, on Monday, that the number of money transfer and exchange offices in Iraq amounted to 1794, with an investment capital of 1.3 trillion dinars.

The agency affiliated to the Ministry of Planning said in a new statistic that was reviewed by Alsumaria News that “the total number of money transfer and exchange offices for the year 2018 amounted to 1794 offices and it has increased significantly from the year 2012 when it reached 825 offices,” noting that “the total value of the invested capital is 1.3 Trillion dinars. "

He added that "the total number of workers in these offices amounted to 2882 workers" with and without pay ". The number of male employees constituted the highest percentage of the total number of employees, reaching 95.8% and females 4.2%."

The agency noted that "the survey included provincesIraq Except for the province Kurdistan AndNineveh AndAnbarPointing out that "the statistic will provide accurate data on the activities of these companies and fulfill the requirements of national accounts."The Central Bank of Iraq And the beneficiaries. "

 

https://www.alsumaria.tv/news/اقتصاد/351554/المركزي-للإحصاء-1794-مكتب-صيرفة-بالعراق-برأس-مال-1

[Mary B]

  The Municipality of Baghdad announces the opening of Al-Firdous Square after its rehabilitation by the Central Bank and the Association of Private Banks

 

Economy News _ Baghdad The Municipality of Baghdad announced the opening of Al-Firdous Square after its rehabilitation by the Central Bank and the Association of Private Banks. A joint press statement, issued by the Municipality of Baghdad, the Central Bank of Iraq, and the Association of Iraqi Private Banks, "Economy News" received a copy of it: "Today we announce the opening of Al-Firdous Square in central Baghdad with its new form after its rehabilitation by the engineering staff of the Iraqi Private Banking Association and with the support of The Community Initiatives Fund is empowering those funded by private banks and under the supervision of the Central Bank of Iraq, the Baghdad Municipality, the General Secretariat of the Council of Ministers and the Ministry of Culture. He added that "the total area of Al-Firdous Square reached 6336 square meters, and the best international building materials were used, such as fountains that were placed on an area of 1060 square meters, and it is one of the dancing fountains that include jumping and linear movements." He pointed out that "the new design of the square blended the heritage of Baghdad and its present, as it symbolized the Tigris and Euphrates rivers in addition to the Iraqi palm tree, and other important Iraqi symbols," noting that the new design included placing a large area to construct a monument to be established by the Ministry of Culture later, and this space bears a monument It weighs 80 tons. "

Added Date 13/07/2020   http://economy-news.net/content.php?id=21010

[bkeiller]

Q.  ... Why did the chicken cross the road?

 

A. To get to Al-Firdous Square.

[Sage449]

[Mary B]

 

a little explanation The Bani platform, I can't explain as well as Delta

 

 

DELTA:  EXCHANGE RATES OF ARAB DINAR

The Arabian Dinar is the base currency for the Arab Monetary Fund. Equivalent to three of the Special Drawing Rights Unit (WSC) specified by the International Monetary Fund.

1 ARAB DINAR = $4.15656 = 3.67074 EUR = 3.28881 GBP = 446.226 JPY = 29.0361 Chinese yuan = 1.27 KUWAIT DINAR .....

 

DELTA: "The Bani platform represents a multi-currency payment platform that provides clearing and settlement services in Arab currencies and international currencies (wink)  that meet the eligibility requirements, to clear and settle inter-Arab financial transactions as well as financial transactions between Arab countries and the main trading partners of the Arab countries."

Samson:  The Iraqi Central Bank discusses linking banks to the multi-currency "structures" platform    LINK

Samson:  The central bank participates in the Bani platform   LINK

[Mary B]

bump