CBI News 10/04/2020

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Merged companies Branch (A)

 

  

 October 04, 2020

 

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The Central Bank of Iraq decides to approve the increase of the branches of the merged exchange companies according to category ( A ) with a total number of (20) a maximum of 20 branches, including the branches of the companies merging with the parent company.

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Prices of gold bars and coins for Monday 10/5/2020 until 10/8/2020

 

  

 October 04, 2020

 

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Prices of gold bars and coins that will be sold from Monday 10/5/2020 until Thursday 10/8/2020

15 gm specie	1,206,000
Coin of 22 g	1,768,000
Slug 5 gr	379,000
Slug 10 gr	749,000
Slug 15 gr	1,126,000
Slug 20 gr	1,510,000
Slug 25 gr	1,895,000
Slug 50 gr	3,793,250

 

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04-10-2020 11:25 AM

The Central Bank decides to reassess the financial position of private banks

 

 

Baghdad / Al-Akhbariya

The Central Bank of Iraq announced that the bank’s board of directors decided to reassess the financial position of private banks.

The bank stated in a statement that "the Board of Directors of the Central Bank of Iraq decided in its recent session in September 2020 to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of these funds."

He explained that "the decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with these banks."

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The Iraqi Central Bank decides to re-evaluate the financial position of private banks

A branch of the Central Bank of Iraq

 04 October 2020 12:46 PM

Mubasher: The Central Bank of Iraq decided today, Sunday, to reassess the financial position of private banks.

A central bank statement said, "The bank’s board of directors decided during its recent session to reassess the financial position of all private banks, by directing the departments concerned with this bank, to audit and evaluate the capital of private banks and determine the percentage of deficit and the sources of these funds."

He added, "The decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with these banks."

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The Central Bank decides to re-evaluate the financial position of private banks

Economie

2020-10-04 | 04:43

 

 

922 Views

Today, Sunday, the Board of Directors of the Central Bank of Iraq decided to reassess the financial position of private banks.

The bank said in a statement that Alsumaria News received a copy of, that it decided, "in its recent session in September 2020, to reassess the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of these funds."

 

He added, "The decision comes in line with the reform plan led by the management of this bank to create a real banking sector that is consistent with the requests of depositors in dealing with these banks."

Recall that most of the banks operating in Iraq The amount of more than 60 banks have no credit, and therefore most specialists see that it "makes a living largely on the currency auction conducted by the Central Bank."
 

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The Central Bank decides to reassess the financial position of private banks

 04/10/2020

 

 241

 

Baghdad / Al-Mawred News

The Central Bank of Iraq announced today, Sunday, that the bank’s board of directors decided to reassess the financial position of private banks.

The bank stated in a statement that "the Board of Directors of the Central Bank of Iraq decided in its recent session in September 2020 to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of these funds."

He explained that "the decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with these banks."

 

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After Its Number Was Inflated, The Central Bank Reassessed The Financial Position Of Private Banks

On October 4, 2020

The Independent / - After the number of private banks swelled to make Iraq ranked first in the world in terms of the number of banks, the Central Bank of Iraq announced that it decided to re-evaluate the financial position of private banks, stressing that “the decision comes in line with the reform plan led by the management of this bank to create a real banking sector.

The bank stated in a statement that "the Board of Directors of the Central Bank of Iraq decided in its recent session in September 2020 to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of those funds."

He explained that "the decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with those banks."

The specialist in economic affairs, Dargham Muhammad Ali, had confirmed in a previous statement that the number of private banks is hundreds of times greater than any country in the economically larger country than Iraq without having any developmental role, stressing that canceling 90 percent of private banks licenses will not affect Nor is it simple on the economic movement in the country.

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The Central Bank conducts an assessment to determine the percentage of the fiscal deficit in Iraq

 

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 2020-10-04 04:26

 

Shafaq News / The Board of Directors of the Central Bank announced on Sunday that it had taken a decision to re-evaluate the financial position of private banks and determine the percentage of deficit in them.

In a statement today, the Central Bank said that its board decided in its recent session in September 2020 to reassess the financial position of all private banks, by directing the departments concerned   with this bank, by "auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of those funds ."

The source explained that this decision comes in line with the reform plan led by the management of this bank to create a real banking sector, in harmony with the requests of depositors in dealing with these banks.

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The Central Bank decides to reassess the financial position of private banks

 

149 Economie 10/04/2020 11:27 ta Baghdad today -

Baghdad The Board of Directors of the Central Bank announced today, Sunday, that it decided to reassess the financial position of private banks to determine the percentage of deficit and the sources of these funds. The Central Bank media stated in a statement received (Baghdad Today), that it “decided in its recent session in September 2020 to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of these funds ". He added, "The decision comes in line with the reform plan led by the management of this bank to create a real banking sector that is in harmony with the requests of depositors in dealing with these banks."

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The Central Bank decides to reassess the financial position of private banks

Sunday 04th October 2020 - 11:49

Baghdad-conscious

Today, Sunday, the Central Bank of Iraq decided to reassess the financial position of private banks.

A central bank statement received by the Iraqi News Agency (INA) stated that “the bank’s board of directors decided during its recently held session to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of those Money. "

He added, "The decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with these banks."

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Now is the perfect time to buy gold, and here are the reasons

•  Time: 10/04/2020 12:58:45
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•  Read: 36,595 times

  

{International: Al Furat News} The Swiss investment bank UBS advised investors around the world to buy gold at that time, with expectations of a new wave of fluctuations in the markets due to the uncertainty in global markets due to the Corona pandemic.

In addition to the blurring of the US election scene, the results of which are widely seen as an engine for the markets in the coming period.

"We prefer gold ... We believe that gold will reach levels of $ 2000 an ounce by the end of this year," Kelvin Tay, director of wealth management at the Swiss bank, said in an interview with CNBC.

Tai added, "In times of uncertainty about the US elections and the Corona pandemic, gold is a very ideal hedging tool, and its recent review represents a good opportunity for investors who want to enter and invest in the precious metal ... These prices represent a bottom in which to enter and build positions that will generate a good return."

Earlier this year, gold prices exceeded levels of $ 2000 an ounce for the first time in its history, but it has witnessed declines in recent times with profit-taking and liquidation in the market to cover positions in the stock markets that witness sharp fluctuations.

Tai said that the low interest rate environment will play a decisive role in making gold attractive to investors at that time, with the decline in returns provided by other investment tools in the stock market.

He said, "If interest rates remain low for a long time, the opportunity cost of owning gold (an asset that does not provide fixed returns) will be very low, with the fact that investors are constantly looking for assets that provide a return. If other assets do not provide the desired returns, then investing in Gold would be the best solution. "

And earlier last month, the US Federal Reserve kept interest rates unchanged and hinted to continue expansionary policies and keep interest rates at low levels until 2023, as the Bank of England, the British Central Bank, hinted, for the first time in its history, to the possibility of resorting to rates. The negative benefit of stimulating the economy, which has been severely affected by the outbreak of the mysterious virus.

Tai also advised investors looking for good returns to invest in Chinese bonds during the coming period as it prepares to join the FTSE Russell government bond index by next October, which would allow billions of dollars in inflows into China.

He explained that the yields of Chinese bonds amount to about 2.5%, which is better than their counterparts in America, which hover around the level of 0.6%, and in Europe, where the returns are in the negative range.

"These are very good returns for government bonds with high quality and strong financial positions," he said.

Mohameed

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The Central Bank decides to reassess the financial position of private banks

•  Time: 10/04/2020 11:25:22
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•  Read: 2,964 times

  

{Baghdad: Al Furat News} The Board of Directors of the Central Bank of Iraq decided to reassess the financial position of all private banks, by directing the departments concerned with this bank, to "audit and evaluate the capital of private banks and determine the percentage of deficit and the sources of those funds."

"The decision comes in line with the reform plan led by the management of this bank to create a real banking sector that is in harmony with the requests of depositors in dealing with these banks," said a statement by the Central Bank media, a copy of which was received by Al Furat News.
Ammar Al-Masoudi

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The central reassessment of the financial position of private banks

Monday 05 October 2020 27

 

 Baghdad: Morning

 

The Board of Directors of the Central Bank of Iraq decided to re-evaluate the financial position of all private banks, by directing the relevant departments of the bank to "audit and evaluate the capital of private banks and determine the percentage of deficit and the sources of those funds."
A source in the bank told Al-Sabah that “the decision comes in line with the reform plan led by the bank’s management to create a real banking sector that is in harmony with the requests of depositors in dealing with these banks.”

The Governor of the Central Bank, Mustafa Ghaleb Makhaif, had held his first meeting with the banking sector on September 27 in the bank’s building, during which he presented the future vision for the work of the central bank in light of the economic crisis, as well as the terms of the reform paper for the banking sector, which will be initiated soon.

The governor stressed "the importance of developing banking services and products in the next stage, indicating that the bank will support the banking sector to advance its current reality."