6ly410 Posted October 11, 2020 Report Share Posted October 11, 2020 The central launches the electronic platform for letters of guarantee Central Bank of Iraq logo https://economy-news.net/content.php?id=22187 Banks Economy News - Baghdad The Central Bank of Iraq announced, on Sunday, the launch of the "electronic platform for letters of guarantee" as part of its reform measures to keep pace with developments in the banking industry. The Central Bank said in a statement received by "Al-Eqtisad News", that "within the framework of its reform measures and in keeping with developments in the automation of the banking industry, this bank announces the launch of the electronic platform for letters of guarantee, in which the letter information will be recorded by the authorized banks." He pointed out that the platform is comprehensive "in its work, to download the letters' data by the authorized banks by accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of that data." The statement emphasized: “The beneficiaries of the two sectors (public and private) are required, after issuing the letter, to adopt an electronic registration form obtained from the Central Bank, which this platform will issue, including information on those letters and has various security marks such as the thermal stamp and the (barcode) feature, without the responsibility of this bank. Any financial obligation that results from the bank’s delay in paying the value of the letter. In the statement, the Central Bank called on the parties benefiting from letters of guarantee located inside the capital Baghdad to obtain the information registration form by this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area. For each branch, and the above mechanism will be effectively implemented starting (October 18, 2020). Number of observations 1 Added date 10/11/2020 1 2 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank launches the electronic platform for letters of guarantee 09:22 - 11/10/2020 The information / Baghdad .. The Central Bank announced, on Sunday, the launch of the electronic platform for letters of guarantee, in which the information of letters will be recorded by the authorized banks. The bank said in a statement that the information received, a copy of it, that “within the framework of its reform measures and in keeping with the developments taking place in the automation of the banking industry, this bank announces the“ launch of the electronic platform for letters of guarantee in which the letter information will be recorded by the authorized banks ”, and this includes The platform in its work is to download the data of letters by the authorized banks by accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of that data. He added that “the beneficiaries of the two sectors (public and private) and after issuing the letter are required to adopt an electronic registration form obtained from the Central Bank, which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter. The bank called on the parties benefiting from the letters of guarantee and located inside the capital Baghdad to “obtain the information registration form from this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each branch , And the above mechanism will be actually implemented, starting (October 18, 2020). End / 25 https://www.almaalomah.com/2020/10/11/499351/ 5 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank launches the electronic platform for letters of guarantee Time: 10/11/2020 09:07:58 {Baghdad: Al Furat News} The Central Bank of Iraq announced, on Sunday, the launch of the electronic platform for letters of guarantee in which the information of letters will be recorded by the authorized banks. A statement of the bank stated that, "within the framework of its reform measures and in keeping with developments in the automation of the banking industry, the bank announces the launch of the electronic platform for letters of guarantee in which the information of letters will be recorded by the authorized banks." Banks are authorized to access them with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data. The statement added that “the beneficiaries of the two sectors (public and private) are required, after issuing the letter, to adopt an electronic registration form obtained from the Central Bank, which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without bearing this bank. Any financial obligation resulting from the bank’s delay in paying the value of the letter. The bank called "the parties benefiting from letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank," explaining that "the entities outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area. Per branch. " And he indicated that "the above mechanism will be actually implemented, starting (October 18, 2020)." Ali al-Rubaie https://alforatnews.com/news/البنك-المركزي-يطلق-المنصة-الالكترونية-لخطابات-الضمان 5 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank launches the electronic platform for letters of guarantee 2020-10-11 | 02:11 The Central Bank announced, on Sunday, the launch of the electronic platform for letters of guarantee, calling on the beneficiaries to obtain the information registration form before it. The bank said in a statement that Alsumaria News received a copy of it, "Within the framework of reform measures and in keeping with developments in the automation of the banking industry, we announce the launch of the electronic platform for letters of guarantee in which the letters' information will be recorded by the licensed banks," noting that "this platform is comprehensive in its work. Download the letters of the letters by the authorized banks by accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data. He explained, “The beneficiaries of the two sectors (public and private) are required, after issuing the letter, to adopt an electronic registration form obtained from the Central Bank, which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter. The bank called on the parties benefiting from letters of guarantee located in the capital, Baghdad, to "obtain the information registration form from this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized starting (October 18, 2020). https://www.alsumaria.tv/news/اقتصاد/361032/البنك-المركزي-يطلق-المنصة-الالكترونية-لخطابات-الضم 1 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank Of Iraq Launches An Electronic Platform To Serve The Licensed Banks On October 11, 2020 Al-Mustaqilla / - The Central Bank of Iraq announced the launch of an electronic platform to issue letters of guarantee for licensed banks. The bank said in a statement, which Al-Mustaqilla received a copy of, today, Sunday, that “within the framework of its reform measures and in keeping with developments in the automation of the banking industry, this bank announces the“ launch of the electronic platform for letters of guarantee in which the letters' information will be recorded by the authorized banks, ”indicating that "The platform will be comprehensive in its work, downloading the letters of data by the authorized banks through accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of that data." He continued, “The beneficiaries of the two sectors (public and private) and after issuing the letter are required to adopt an electronic registration form obtained from the Central Bank, which this platform will issue including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter. He added, “The bank invites the parties benefiting from the letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized starting (October 18, 2020). ” https://www.mustaqila.com/البنك-المركزي-العراقي-يطلق-منصة-إلكتر/ Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 Central Iraqi launches electronic platform for letters of guarantee The Central Bank of Iraq October 11, 2020 11:08 AM Mubasher: The Central Bank of Iraq announced today, Sunday, the launch of an electronic platform for letters of guarantee. In which the letter information will be recorded by the licensed banks, within the framework of its reform measures and in keeping with the developments in the automation of the banking industry. The central said, in a statement, that this platform included in its work the downloading of the letters' data by the authorized banks by accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of those data. The Central Bank added that, after issuing the letter, it is required for the beneficiaries of the two sectors (public and private) to adopt an electronic registration form obtained from the Central Bank, which will be issued by this platform, including the information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without bearing this The bank Any financial obligation that results from the bank’s delay in paying the letter's value. The Central Bank called on the parties benefiting from the letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank, while the authorities outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each branch , And the above mechanism will be actually implemented starting October 18, 2020. https://www.mubasher.info/news/3705345/المركزي-العراقي-يطلق-المنصة-الإلكترونية-لخطابات-الضمان/ Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank launches an electronic platform for issuing letters of guarantee 2020.10.11 - 09:11 Baghdad - People The Central Bank of Iraq announced, on Sunday, the launch of an electronic platform to issue letters of guarantee for authorized banks. The bank said in a statement that "Nass" received a copy, (October 11, 2020), that "within the framework of its reform measures and in keeping with developments in the automation of the banking industry, this bank announces" the launch of the electronic platform for letters of guarantee in which the letter information will be recorded before. Licensed banks, "indicating that" the platform will be comprehensive in its work, to download data for letters by authorized banks through access to them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data. " He continued, “The beneficiaries of the two sectors (public and private) and after issuing the letter are required to adopt an electronic registration form obtained from the Central Bank and which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter. He added, "The bank invites the parties benefiting from the letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized starting (October 18, 2020). https://www.nasnews.com/view.php?cat=42427 2 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 6ly410 you have too good of a article bumping you up 2 Quote Link to comment Share on other sites More sharing options...
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Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Council of Ministers sends a bill to finance the fiscal deficit to the Iraqi parliament On Sunday, the Cabinet Secretariat sent a draft law on financing the fiscal deficit to the House of Representatives, relating to internal and external borrowing A government source informed, "We hope that the Presidency of the Council will discuss the law and approve it as soon as possible." Last month, the government approved the draft fiscal budget bill and sent it to Parliament, before withdrawing it again to make amendments to it, to be replaced by the Deficit Financing Act to Parliament. http://www.sotaliraq.com/2020/10/11/مجلس-الوزراء-يرسل-مشروع-قانون-تمويل-ال/ 1 2 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 Parliamentary Finance holds two meetings on financing the fiscal deficit and securing salaries Editing date: 11/10/2020 19:38 • 85 read times [Baghdad-Where] The Finance Committee in the House of Representatives held, on Sunday, two separate meetings on financing the financial deficit, ways out of the economic crisis, and securing the salaries of employees and retirees. The committee stated in a statement, that it "held a meeting headed by Deputy Muthanna Al-Samarrai, Vice Chairman and in the presence of the committee members, a meeting in which it discussed a number of issues on its agenda, most notably the salary crisis and the financial deficit financing law." The statement added that "the committee confirmed during the meeting held at its headquarters that the issue of securing the salaries of state employees falls within the responsibility of the government and its obligations before the citizens, and the role of Parliament in general and the Finance Committee in particular is to legislate laws that enable the government to fulfill those obligations." He continued, "The Financial Committee made it clear that it had presented many proposals and opinions that would bring the country out of the economic crisis that afflicts it by maximizing the state's non-oil revenues, as well as sparing the country from the negative effects of the borrowing policy that the burdens of future generations may bear." "The committee discussed the law on financing the fiscal deficit that came because of the delay in approving the draft federal budget law for the year 2020 and the continuation of oil prices at low levels." The Financial Committee announced, in a separate statement, that it "discussed with the governor of the Central Bank ways to get out of the economic crisis and secure the salaries of employees." The statement added, "The committee is headed by Deputy Muthanna al-Samarrai, Deputy Chairman of the Committee, and in the presence of Deputy Muhammad al-Darraji, it hosted the Governor of the Central Bank, Mustafa Ghaleb Mukhaif, and the advanced staff in the bank." The meeting discussed, according to the statement, "the repercussions of the economic crisis that the country is going through and ways to get out of it without affecting the livelihood of citizens and the salaries of employees." And the committee directed, "a number of questions regarding the monetary policy followed by the central bank, as well as the implications of borrowing policy on financial cash and the implications for the Iraqi economy." http://www.alliraqnews.com/modules/news/article.php?storyid=102084 Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 Zidan and Al-Araji discuss procedures against lawbreakers Written by: saadat: October 11, 2020In: Iraq Newsno comments Print email Al-Noor News / Baghdad, President of the Supreme Judicial Council, Faiq Zaidan, discussed with National Security Adviser Qassem Al-Araji, today, Sunday, measures against violators of the law. A statement of the Supreme Judicial Council, which Al-Nour News received a copy of, stated that "Judge Zaidan, the National Security Adviser, discussed with him the judicial measures taken against violators of the law in coordination with the competent security authorities." http://alnoornews.net/archives/274526/زيدان-والاعرجي-يبحثان-الإجراءات-بحق-ا/ Quote Link to comment Share on other sites More sharing options...
Mary B Posted October 11, 2020 Report Share Posted October 11, 2020 The Central Bank launches the electronic platform for letters of guarantee Pratha News Agency100 2020-10-11 The Central Bank announced, on Sunday, the launch of the electronic platform for letters of guarantee, calling on the beneficiaries to obtain the information registration form before it. The bank said in a statement, "Within the framework of reform measures and in keeping with developments in the automation of the banking industry, we announce the launch of the electronic platform for letters of guarantee, in which information on letters will be recorded by the authorized banks." Pointing out that "this platform includes in its work the downloading of letters' data by the authorized banks by accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of that data." He explained, “The beneficiaries of the two sectors (public and private), after issuing the letter, are required to adopt an electronic registration form obtained from the Central Bank, which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter. The bank called on the parties benefiting from letters of guarantee and located inside the capital Baghdad to "obtain the information registration form from this bank. As for those outside the capital Baghdad, they can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized starting (October 18, 2020). http://burathanews.com/arabic/economic/378200 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 11, 2020 Report Share Posted October 11, 2020 You don’t use letters of guarantee in a closed economy..... They are moving to an open market economy with a tradable currency. Go CBI Go letters of guarantee Go open market economy Go imports Go exports We are close..... It’s coming....... GO RV 2 2 6 Quote Link to comment Share on other sites More sharing options...
stanleypower Posted October 11, 2020 Report Share Posted October 11, 2020 1 minute ago, Laid Back said: You don’t use letters of guarantee in a closed economy..... They are moving to an open market economy with a tradable currency. Go CBI Go letters of guarantee Go open market economy Go imports Go exports We are close..... It’s coming....... GO RV I’m praying LB! 1 1 Quote Link to comment Share on other sites More sharing options...
kwg Posted October 11, 2020 Report Share Posted October 11, 2020 YE$$$$$$!!!!!!What Laid Back said!!! We are very, very close this is not what countries do that are ready to LOP their currency. 2 1 Quote Link to comment Share on other sites More sharing options...
dinarham Posted October 11, 2020 Report Share Posted October 11, 2020 Someone please correct me if I'm wrong , but letters of guarantee make it improbable for a country to flake on its debts , which is a requirment for Basal 3 . Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 11, 2020 Author Report Share Posted October 11, 2020 The Central Bank launches the electronic platform for letters of guarantee Within the framework of its reform measures and keeping pace with developments in the automation of the banking industry, this bank announces the "launch of the electronic platform for letters of guarantee in which the information of letters will be recorded by the authorized banks". This platform included in its work the downloading of letters' data by the authorized banks by accessing them. And with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data. The beneficiaries of the two sectors (public and private), after issuing the letter, are required to adopt an electronic registration form obtained from the Central Bank, which this platform will issue including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank incurring any financial commitment that results For the bank’s delay in paying the value of the letter. This bank invites the parties benefiting from the letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank, and the authorities outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each branch. The above mechanism will be actually implemented, starting from (the 18th of October 2020). The Central Bank of Iraq information Office October 11, 2020 https://cbi.iq/news/view/1575 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 11, 2020 Author Report Share Posted October 11, 2020 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 12, 2020 Author Report Share Posted October 12, 2020 Central: an electronic platform for letters of guarantee Monday 12 October 2020 63 https://alsabaah.iq/32582 Baghdad: Morning The Central Bank announced «the launch of the electronic platform for letters of guarantee in which the letter’s information will be recorded by the authorized banks», including in its work the downloading of the letters’s data by the authorized banks through accessing them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of that data. A bank statement, of which Al-Sabah received a copy, stated that this comes "within the framework of its reform measures and in keeping with developments in the automation of the banking industry." The statement explained, "It is required for the beneficiaries of the two sectors (public and private), and after issuing the letter, the adoption of an electronic registration form obtained from the central bank, which will be issued by the platform, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without the central responsibility. Any financial obligation resulting from the bank’s delay in paying the value of the letter. The Central Bank called on the parties benefiting from letters of guarantee located in the capital, Baghdad, to obtain the information registration form by the bank, as for those outside the capital Baghdad, they can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each branch, and work will be done. Actually using the aforementioned mechanism, starting from the eighteenth of this month 1 Quote Link to comment Share on other sites More sharing options...
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