CBI News 05/19/2022

[yota691]

The Central Bank of Iraq increases its capital to (5) trillion dinars

 

  

May 19, 2022

 

 

 

---

---

The Central Bank of Iraq increases its capital to (5) trillion dinars

 

The Board of Directors of the Central Bank of Iraq decided to increase its capital from (3) trillion dinars to (5) trillion dinars.

 This increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank’s capital and its reflection on its financial position, as the capital and financial positions of central banks express the sobriety of these institutions, the solidity of their assets, and their ability to support the banking sector and the economic sector in general.
The increase was made using a portion of the profits made by the Central Bank in 2021.

 

Central Bank of Iraq
Media Office

May 19, 2022

[6ly410]

/ The Central Bank of Iraq decides to increase its capital to (5) trillion dinars

Posted 2 minutes ago

 

/ البنك المركزي العراقي يقرر زيادة رأس ماله إلى (5) تريليونات دينار - اخبار العراق (iraqakhbar-com.translate.goog)

 

news sourceIraqi media news agency "conscious"

 

/ Baghdad/ MA

Today, Thursday, the Central Bank of Iraq announced an increase in its capital to 5 trillion dinars.

And the media office of the Central Bank said in a statement received by (the Iraqi Information News Agency /), that “the board of directors of the Central Bank decided to increase the bank’s capital from (3) trillion dinars to (5) trillion dinars.”

He added, "This increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank's capital and its reflection on its financial position," noting that "the capital of central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets, and their ability to support the banking sector and the economic sector." Generally".

The office added, "The increase was made using part of the profits achieved by the Central Bank in 2021."

 

 

[yota691]

The Iraqi Central Bank increases its capital to 5 trillion dinars

2022.05.19 - 12:40

 

Baghdad - people  

The Central Bank of Iraq announced, on Thursday, the increase of its capital to (5) trillion dinars.  

 

  

And the bank stated in a statement that “Nass” received a copy of it, (May 19, 2022), that “the Board of Directors of the Central Bank of Iraq decided to increase its capital from (3) trillion dinars to (5) trillion dinars.”  

  

He explained that "this increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank's capital and its reflection on its financial position, as the capital of central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets, and their ability to support the banking sector and the economic sector in general." ".  

  

He pointed out that "the increase was made using part of the profits achieved by the Central Bank in 2021."  

[yota691]

The Central Bank increases its capital to 5 trillion dinars

• Time: 05/19/2022 12:28:52
•  
• Reading: 559 times

  

{Economic: Al Furat News} The Board of Directors of the Central Bank of Iraq decided to increase its capital from (3) trillion dinars to (5) trillion dinars.

A statement by the bank stated that { this increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank’s capital and its reflection on its financial position, as the capital of central banks and their financial centers express the sobriety of these institutions, and the solidity of their assets. and the extent of its ability to support the banking sector and the economic sector in general.

"The increase was made using part of the profits that the Central Bank achieved in 2021," he added.

[yota691]

 

He added 2 trillion dinars.. The Central Bank of Iraq increases its capital to (5) trillion dinars

 

 2022-05-19 05:35

 

Shafaq News/ The Board of Directors of the Central Bank of Iraq decided on Thursday to increase its capital by 2 trillion Iraqi dinars.

A statement by the Central Bank was received by Shafak News Agency; It was decided to "increase the capital of the Central Bank of Iraq from (3) trillion dinars to (5) trillion dinars."

The bank explained; "This increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank's capital and its reflection on its financial position."

And he indicated that "the capital of central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets, and the extent of their ability to support the banking sector and the sector."

He pointed out that "the increase is by using part of the profits achieved by the Central Bank in 2021."

[yota691]

The Central Bank Of Iraq Increases Its Capital To 5 Trillion Dinars

05/19/2022

17

 

Earth News/ The Central Bank of Iraq announced today, Thursday, an increase in its capital to five trillion dinars.

A statement by the bank's media office, received by Earth News, stated, "The Board of Directors of the Central Bank decided to increase the bank's capital from 3 trillion dinars to 5 trillion dinars."

The statement added, "This increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank's capital and its reflection on its financial position."

The statement pointed out that "the capital of the central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets and the extent of their ability to assign the banking sector and the economic sector in general," noting that "the increase was made using part of the profits achieved by the Central Bank in 2021."

[6ly410]

The Central Bank and Kurdistan Integrity sign a cooperation agreement to reduce money laundering

Posted 1 minute ago

 

البنك المركزي ونزاهة كردستان يوقعان اتفاق تعاون للحد من عمليات غسل الأموال - اخبار العراق (iraqakhbar-com.translate.goog)

 

news sourcefirst news agency

 

 

Today, Thursday, the Central Bank of Iraq signed a cooperation agreement with the Integrity Commission in the Kurdistan Region to curb money laundering and terrorist financing.

The Central Bank said in a statement received (Al-Oula News) that it is “sponsored by the Chairman of the Anti-Money Laundering and Terrorist Financing Council, the Governor of the Central Bank of Iraq, and based on the office’s tasks in combating money laundering and terrorist financing crimes, and based on the Anti-Money Laundering and Terrorism Financing Law No. (39) For the year 2015, on 05/19/2022, the office signed a cooperation agreement with the Integrity Commission in the Kurdistan Region to work on facilitating the exchange of information with the office regarding suspicious financial operations, and limiting money laundering and terrorist financing operations.

He added that "the agreement aims to advance an Iraqi reality that is protected from money laundering crimes, prosecute those wanted by the Iraqi authorities, and recover smuggled corruption funds in line with the Iraqi constitution and Iraq's obligations towards international organizations related to combating money laundering and terrorist financing, which require concerted local efforts to confront these crimes and combat their emerging methods." .

 

 

[6ly410]

central bank and kurdistan integrity sign cooperation agreement to curb money laundering

economic news - central bank and kurdistan integrity sign cooperation agreement to curb money laundering (economy-news.net)

  

---

economy news - baghdad

on thursday, the central bank of iraq signed a cooperation agreement with the kurdistan regional integrity commission to reduce money laundering and terrorist financing.

"under the auspices of the chairman of the anti-money laundering and terrorist financing council, governor of the central bank of iraq, based on the office's tasks in combating money laundering and terrorist financing offences, and based on the anti-money laundering and terrorist financing act no. 39 of 2015, the office signed a cooperation agreement with the kurdistan regional integrity commission to facilitate the exchange of information with the office on suspicious financial operations, reduce money laundering and terrorist financing," the bank's media said in a statement.

"the agreement aims to promote an iraqi reality protected from money-laundering crimes, prosecute wanted people for iraqi authorities, and recover smuggled corruption funds in line with the iraqi constitution and iraq's obligations to international organizations related to combating money laundering and terrorist financing, which require concerted local efforts to counter these crimes and combat their emerging methods," he said.

 

[jake21]

Here's something to sign, how about the corrupt currency auctions. How about starting there!!

[6ly410]

why raise the central bank's capital? the prime minister's adviser explains

•  time: 2022/05/19 19:36:56
•  
•  why raise the central bank's capital? prime minister's advisor explains - euphrates news (alforatnews.iq)

  

the prime minister's advisor, finance minister mazher mohammed saleh, revealed why the central bank of iraq raised its capital to 5 trillion dinars instead of 3 trillion dinars.

saleh told euphrates news: "it is a precautionary measure in which the bank has debts of up to 45 trillion dinars since the days of the former unpaid regime, so the central bank of iraq took this step to strengthen its capital."
"this step strengthens the central bank's financial position internationally and gives it strength," he said.
"its capital is supposed to be commensurate with its operations, balance and expenditures from some inefficient assets, but there are no losses," saleh said.
the central bank of iraq's board of directors decided to increase its capital from 3 trillion dinars to 5 trillion dinars.
"this increase comes to enhance the results of its balanced policies with conservative investment management, and to confirm the importance of the bank's capital and its impact on its financial position, as the capital of central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets, and their ability to support the banking sector and the economic sector in general," the bank said in a statement received by euphrates news.
"the increase was made using part of the central bank's profits in 2021," he said.

raghad dahham

[6ly410]

cool

[horsesoldier]

CURB not ELIMINATE... what a tragic joke all this is.

[Laid Back]

 There has been increasing discussion about whether central banks need capital and, if so, how much. There are a number of possible reasons. First, the trend over the last decade of greater independence for central banks to implement monetary policy has raised the question of central bank financial independence. Second, central banks have been more aware of the risks they face through the use of more sophisticated risk management techniques. Third, there is a pressure, particularly resulting from the International Monetary Fund, for higher levels of transparency in central banksí accounting practices.

This step strengthens the central bank's financial position internationally and gives it strength.

 

Go Iraq 

Go CBI

Go international 

Go stronger dinar 

 

[yota691]

What is the reason for raising the capital of the central bank? Adviser to the Prime Minister clarifies

• Time: 05/19/2022 19:36:56
•  
• Reading: 1,625 times

  

{Economic: Al Furat News} Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the reason for the Iraqi Central Bank raising its capital to 5 trillion dinars instead of 3 trillion.

Saleh told {Euphrates News}: "It is a precautionary measure, as the bank has debts owed by the government amounting to 45 trillion dinars since the days of the former regime, unpaid, so the Central Bank of Iraq took this step to strengthen its capital."
"This step strengthens the financial position of the central bank internationally and gives it strength," he added.
And Saleh indicated, "His capital is supposed to be commensurate with his operations, balance and expenses from some ineffective assets, but there are no losses."
 The Board of Directors of the Central Bank of Iraq decided to increase its capital from (3) trillion dinars to (5) trillion dinars.
A statement by the bank stated that the agency {Euphrates News} received a copy of it that “this increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank’s capital and its reflection on its financial position, as the capital of central banks and their financial centers express the sobriety of these institutions, and the solidity of their assets. and the extent of its ability to support the banking sector and the economic sector in general.
"The increase was made using part of the profits that the Central Bank achieved in 2021," he added.

Raghad Daham

[yota691]

The Anti-Money Laundering and Terrorist Financing Office signs a bilateral cooperation agreement with the Integrity Commission in the Kurdistan Region

 

  

May 19, 2022

 

The Anti-Money Laundering and Terrorist Financing Office signs a bilateral cooperation agreement with the Integrity Commission in the Kurdistan Region 

Under the patronage of the Chairman of the Anti-Money Laundering and Terrorist Financing Council, Governor of the Central Bank of Iraq, and based on the office’s tasks in combating money laundering and terrorist financing crimes, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, the office signed on 05/19/2022 A cooperation agreement with the Integrity Commission in the Kurdistan Region to work on facilitating the exchange of information with the office regarding suspicious financial operations, limiting money laundering and terrorist financing operations, advancing an Iraqi reality protected from money laundering crimes, prosecuting wanted persons by Iraqi authorities, and recovering smuggled corruption funds in line with the Iraqi constitution and Iraq’s obligations Towards international organizations related to combating money laundering and terrorist financing, which require concerted local efforts to confront these crimes and combat their emerging methods.

Central Bank of Iraq
Media Office 
May 19, 2022

[yota691]

POSTED ON 2022-05-20 BY SOTALIRAQ

The Central Bank of Iraq concludes a memorandum with the Kurdistan Region to combat money laundering

On Thursday, the Kurdistan Region Integrity Commission concluded a memorandum of joint cooperation with the Central Bank of Iraq in the field of combating money laundering.

The head of the commission, Judge Ahmed Anwar, said in a press conference held today in Erbil, that "through the memorandum it is possible to exchange information about the funds seized by terrorist organizations or those funds that are smuggled out of the country."

He added, "We can benefit from many files related to this field, provide the Central Bank with information about illegal funds, and activate the point of contact with regard to those wanted in financial corruption cases."

Judge Anwar also clarified that “this agreement contributes to combating corruption and money laundering in all its forms and moving the country towards progress in this field.”

The head of the Region's Integrity Commission also said that the eyes of the international community are directed towards this issue, and last year the European Union included Iraq among the dangerous areas for money laundering, and the country is still under surveillance.

He continued by saying that there is a joint national committee between Erbil and Baghdad on assessing the situation in Iraq with regard to combating corruption and money laundering, and it will issue its report at the end of this year.

[yota691]

The Central Bank and Kurdistan Integrity sign a cooperation agreement to reduce money laundering

Economie| 05:08 - 19/05/2022

 

 

 

 

Baghdad - Mawazine News
, today, Thursday, the Central Bank of Iraq signed a cooperation agreement with the Integrity Commission in the Kurdistan Region to curb money laundering and terrorist financing operations.
And the bank stated in a statement that Mawazine News received a copy of it, that "it is under the auspices of the Chairman of the Anti-Money Laundering and Terrorist Financing Council, the Governor of the Central Bank of Iraq, and based on the office's tasks in combating money laundering and terrorist financing crimes, and based on the Anti-Money Laundering and Terrorist Financing Law No. ( 39) For the year 2015, the office signed on 05/19/2022 a cooperation agreement with the Integrity Commission in the Kurdistan Region to work on facilitating the exchange of information with the office regarding suspicious financial operations, and limiting money laundering and terrorist financing operations.
He added, "The agreement aims to advance an Iraqi reality that is protected from money laundering crimes, prosecute those wanted by the Iraqi authorities, and recover smuggled corruption funds in line with the Iraqi constitution and Iraq's obligations towards international organizations related to combating money laundering and terrorist financing, which require concerted local efforts to confront these crimes and combat their emerging methods." Ended 29/h

[yota691]

Increasing the capital of the central bank enhances its balanced monetary policy

Samir Al-Nusairi

   

The Central Bank of Iraq announced the decision of its board of directors to increase its capital to 5 trillion dinars, an increase of 40% over its previous capital of 3 trillion dinars. 2 trillion dinars.

 From a specialized point of view, we see that this increase embodies the sobriety of the Central Bank and the solidity of its assets and will lead to the following:

1- Following safe investment policies, which will raise the financial position of the Central Bank and enhance its credit position internationally and restore confidence in the Iraqi economy and its banking relations with international banks and financial institutions.

2‐ Benefiting from the rise in global oil prices, reaching more than $100 per barrel, and building foreign cash reserves to cover imports and the local currency in circulation, and to maintain monetary and financial stability.

3- The continuation of the Central Bank’s intervention in supporting the national economy and stimulating and revitalizing the economic cycle in conditions of challenges and crises, and this now requires the government to invest the abundance available to it during the first quarter of 2022, which exceeded 11 trillion dinars and is expected to reach more than 45 trillion dinars at the end of 2022 And the equivalent of (30-35) billion dollars to pay off the internal debt, which amounts to about 46 trillion dinars, for the account of the Central Bank only.

 4- Confronting the effects of reducing the exchange rate of the dinar and strengthening and activating the central financing and lending procedures and initiatives, which exceeded 15 trillion dinars during the years 2016-2022.

And that all of these measures led to an improvement in the government’s financial position and a reduction in the actual deficit rates in the 2021 budget and the plan for 2022, which achieved the central bank’s goal as far as its tasks and objectives contained in its Law 56 of 2004, in particular preserving its independence and what was mentioned in the reform objectives of the banking sector in the white paper .

All of this has clearly contributed to supporting the national economy and will give it flexibility and sufficient space to face the challenges that the economy suffers from for subjective and objective reasons.

Thus, the Central Bank, with its distinguished national team and its wise management, will be able to achieve its main tasks and objectives and is now proceeding strongly, effectively and with rational steps to achieve the objectives of strengthening the economy and banks for sustainable development and economic stability.

* Advisor to the Association of Iraqi Private Banks

---

170 . views

Added 05/22/22 - 10:31 AM

Update 05/22/22 - 4:58 PM

[yota691]

The dollar is affected by dust storms!.. and the financial advisor clarifies

• Time: 05/24/2022 14:46:10
•  
• Reading: 1,612 times

  

{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the reason for the fluctuation of the dollar exchange rates in the local markets.

Saleh told {Euphrates News}: "The fluctuation of dollar exchange rates, because on holidays the exchange rate is higher and different from the exchange rates during working days, and in general, these prices are a kind of exaggeration."
And between "the price is also controlled by the remaining reserves in the exchange market, as these reserves are high, as well as other issues that control the exchange rate."
He pointed out, "The Central Bank's decision to raise its capital has nothing to do with the fluctuation of exchange rates and their rise
. "
And the dollar exchange rate on the Baghdad Stock Exchange today, Tuesday, reached 1481.5 dinars.