The Association of Iraqi Private Banks supports central bank reforms

[yota691]

The Association of Iraqi Private Banks supports central bank reforms

 

The logo of the Iraqi Private Banks Association

Banks Economy News - Baghdad The Iraqi Private Banks Association announced its support for the reforms undertaken by the Central Bank of Iraq aimed at banks and monetary policy that will contribute to the development of the Iraqi economy and the banking sector, which will reflect positively on economic development. "The Central Bank of Iraq is currently working on major and influential reforms, which will lead to the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is currently experiencing as a result of low oil prices," the Association of Private Banks said in a press release.  The association added, "The Central Bank of Iraq is taking a wise policy, during this stage under its new management, which is represented by increasing confidence between the banking sector and citizens, increasing monetary and pledging credit by supporting small, medium and large enterprises in addition to the successful experience that the Central Bank has undertaken in launching a special platform Letters of guarantee. " The association noted that it "appreciates the great steps taken by the central bank in increasing financial inclusion and supporting banks in their work to diversify banking services, in addition to international cooperation between the central bank and its counterparts from international central banks, which leads to the development of relations between Iraqi and foreign banks, and that these policies and procedures "It will lead to an increase in banking services provided by banks to what the Iraqi citizen aspires to."

Number of observations 62   Date of addendum 11/19/2020

[yota691]

 

Private banks announce support for central bank reforms to develop the Iraqi economy

 

 2020-11-19 06:41

Twilight News / announced the Association of Banks for Iraq, on Thursday, for their support for the reforms that the the Bank of the Central Iraqi oriented banks and policy cash that will contribute to the development of the economy of the Iraqi sector banking, which reflected positively on the development of economic .                                   

The Association of Banks own in a statement journalist, reportedly told Twilight News, that " the bank 's central Iraqi works now reforms large and influential, will result from the development sector , the banking and the economy of Iraq, not particularly in the crisis financial difficult that experienced by Iraq is the result of lower prices of oil ."                                       

She added that the " Bank of the Central Iraqi take the policy of wise, during this stage under his administration the new , which is to increase confidence between the sector banking and citizens, and to increase credit cash and promissory of through supporting projects for small and medium - sized and large as well as to experience successful , which has its central in the launch pad special                                            Letters of guarantee . "  

She noted the Association to " it appreciates the steps the big that takes the bank 's central to increasing the coverage of financial and support banks in their work to diversify the services of banking, in addition to the cooperation of international between the Bank 's central and counterparts from the banks of the Central World , which leads to the development of relations between the banks and the Iraqi and foreign, and this                                           Policies and procedures will lead to an increase in banking services provided by banks to what the Iraqi citizen aspires to .        

[yota691]

Association: Major Central Bank reforms to develop the Iraqi banking sector and economy

•  Time: 11/19/2020 14:35:23
•  
•  Read: 1,157 times

  

{Baghdad: Al Furat News} The Iraqi Private Banks Association announced its support for the reforms undertaken by the Central Bank of Iraq directed at banks and monetary policy that will contribute to the development of the Iraqi economy and the banking sector, which will reflect positively on economic development.

"The Central Bank of Iraq is currently working on major and influential reforms, which will lead to the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is currently experiencing as a result of low oil prices," the Association of Private Banks said in a statement. 
The association added, "The Central Bank of Iraq is taking a wise policy, during this stage under its new management, which is represented by increasing confidence between the banking sector and citizens, increasing monetary and pledging credit by supporting small, medium and large enterprises in addition to the successful experience that the Central Bank has undertaken in launching a special platform. Letters of guarantee. " 
The association noted, "It appreciates the great steps taken by the central bank in increasing financial inclusion and supporting banks in their work to diversify banking services, in addition to international cooperation between the central bank and its counterparts from international central banks, which leads to the development of relations between Iraqi and foreign banks, and that these policies and procedures "It will lead to an increase in banking services provided by banks to what the Iraqi citizen aspires to.
Ammar Al-Masoudi

[GreedyDinar07]

This is good news.....

[Laid Back]

Restructuring the Iraqi banking to link it to international Banks.!

Follow the bankers...Follow the money 💵 

Go international banking 

Go open market economy 

Go RV

 

[GreedyDinar07]

I agree Laidback!

[Donziman]

At first the banks were against the reforms because they were comfortable

in their methods of stealing. It took them about two months of knowing the

new rules before they have figured out how to steal with the new system.

So now they are all for it. Good luck Iraq....imho

[haymon]

I support the reforms to!!

[screwball]

Boom!boom!

 

The Central Bank of Iraq is currently working on major and influential reforms, which will lead to the development of the banking sectorand the Iraqi economy

[screwball]

The banks are reformed they have over 600 atms connected to swift world wide and all gave ibans they just to reset financial and accounting system by wiping three zeros off the rate and releasing lower denons! Cash will flow back the bank very quickly electronic banking will kick in and money velocity will take off

[screwball]

I sometimes think people dont understand the money generated through electronic banking and transactions for banks and governments in debit and transaction taxes they will take in trillions for banking fees alone 

[screwball]

It’s not the Loans it never was for Germany it was the currency exchange and banking reforms etc

[yota691]

Iraqi Banks Association announces its support for central bank reforms

Economie

2020-11-19 | 08:26

 

 

 

 

 

499 views

The Iraqi Private Banks Association announced, on Thursday, its support for the reforms undertaken by the Central Bank of Iraq, saying that they would result in the development of the banking sector and the Iraqi economy.

"The Central Bank of Iraq is currently working on major and influential reforms that will lead to the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is currently experiencing as a result of low oil prices," the association said in a press release, which Alsumaria News received.

 

 

The association added that "the Central Bank of Iraq is taking a wise policy, during this stage under its new management, which is represented by increasing confidence between the banking sector and citizens, increasing monetary and pledging credit by supporting small, medium and large enterprises in addition to the successful experience that the Central Bank has undertaken in launching a special platform." Letters of guarantee.

 

The association's statement continued that it "appreciates the great steps taken by the central bank in increasing financial inclusion and supporting banks in their work to diversify banking services, in addition to international cooperation between the central bank and its counterparts from international central banks, which leads to the development of relations between Iraqi and foreign banks." These policies and procedures will lead to an increase in banking services provided by banks to the aspiration of the Iraqi citizen. "

[yota691]

Private banks announce support for central bank reforms to develop the Iraqi economy

Editing date: 11/19/2020 14:49 • 240 times read

http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fb65bb6540c0.jpeg

[Baghdad-Where]
The Iraqi Private Banks Association announced, on Thursday, its support for the reforms undertaken by the Central Bank of Iraq aimed at banks and monetary policy that will contribute to the development of the Iraqi economy and the banking sector, which will reflect positively on economic development.

The Association of Private Banks said in a press release, "The Central Bank of Iraq is currently working on major and influential reforms, which will lead to the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is currently experiencing as a result of low oil prices."

She added, "The Central Bank of Iraq is adopting a wise policy, during this stage under its new management, which is represented in increasing confidence between the banking sector and citizens, increasing cash and pledging credit by supporting small, medium and large enterprises in addition to the successful experience that the Central Bank has undertaken in launching a platform for letters of guarantee." .

The association noted that "it appreciates the great steps taken by the central bank in increasing financial inclusion and supporting banks in their work to diversify banking services, in addition to international cooperation between the central bank and its counterparts from international central banks, which leads to the development of relations between Iraqi and foreign banks, and that these policies and procedures will lead to Increasing the banking services provided by banks to the aspirations of the Iraqi citizen.

[rvmydinar]

4 hours ago, screwball said:

wiping three zeros off the rate and releasing lower denons!

This is what i would like to hear. Hang in there and keep positive thinking folks. Hopefully, we are coming to the end of this ride.  Come rv.

[yota691]

The Association of Banks shows its suppor t for the central bank reforms

Saturday 21 November 2020 53

 

 Baghdad: Morning 

 

 

The Association of Private Banks showed its support for the central bank reforms directed at banks and monetary policy. 

The association said in a statement: "The Central Bank of Iraq is currently working on major and influential reforms, which will result in the development of the banking sector and the Iraqi economy, especially in the difficult financial crisis that Iraq is currently experiencing as a result of low oil prices." 

The association added that “the Central Bank of Iraq is adopting a wise policy, during this stage under its new management, which is represented by increasing confidence between the banking sector and citizens, increasing monetary and pledging credit by supporting small, medium and large enterprises in addition to the successful experience that the Central Bank has undertaken in launching a special platform. Letters of guarantee ”.

The association noted that “it appreciates the great steps taken by the central bank in increasing financial inclusion and supporting banks in their work to diversify banking services, in addition to international cooperation between the central bank and its counterparts from global central banks, which leads to the development of relations between Iraqi and foreign banks, and that these policies and procedures "It will lead to an increase in banking services provided by banks to what the Iraqi citizen aspires to."

[yota691]

Al-Rafidain wins an Arab award as the best bank in implementing the comprehensive administrative system

•  Time: 01/2021 09:46:48
•  
•  Read: 2,132 times

  

{Baghdad: Al Furat News} Al-Rafidain Bank won the Banking Excellence and Achievement Award for the year 2020 from the Union of Arab Banks as the best bank in implementing the comprehensive administrative system.

The award was received by the Chairman of the Board of Directors and General Manager of the bank Hussein Ali Muheisen from the Vice Chairman of the Board of Directors of the Union Muhammad Al-Atribi and the Secretary-General Wissam Fattouh, in the presence of the Assistant Secretary-General of the Arab League Ambassador Hossam Zaki and senior bankers from several Arab countries.
The director general of the bank "expressed his thanks and appreciation to the Union of Arab Banks, which honored Rafidain Bank with this prestigious award."
He said, "Al-Rafidain Bank is the only one in Iraq that has implemented the comprehensive system, relying on the experience of the best international companies specialized in the field of electronic management modernization and all related financial services in order to secure the best professional environment for financial and banking work in the country."
He pointed out, "The Rafidain Bank, which was established in 1941 in Iraq, is the largest Arab bank in the region and in Iraq in its total assets and has won several international awards from the largest financial institutions and international transparency."
He added, "Granting the Bank of Arab Banks the Excellence and Banking Achievement Award for the year 2020 is a continuation of a long process of efforts to advance the bank and its services to Iraq, its institutions and its Arab and international financial relations."
Ammar Al-Masoudi