Official CBI News: 06/18/2023

[yota691]

In cooperation with private and government banks..the governor of the Central Bank proposes large financial projects

 

  

June 18, 2023

 

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His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired today, Sunday, the periodic meeting of governmental and private banks.
During the meeting, which was attended by bank departments, His Excellency confirmed a number of projects that are consistent with the requirements of the economic reality in Iraq, explaining that these projects establish a qualitative shift in the Iraqi economy and enhance its stability, revealing at the same time the project to establish a Riyada Bank, and the project to establish a loan guarantee company that facilitates The lending process for medium, small and micro enterprises, in addition to the direction of the Central Bank of Iraq, in cooperation with the government and the contribution of the financial, banking and business sector, to establish a city that is the "financial and business center in Iraq."
His Excellency participated in the discussions put forward by a group of banks regarding the initiatives of the Central Bank, the relationship between banking institutions and customers, and what is related to developing mechanisms for entering the electronic platform for selling foreign currency.
His Excellency noted the possibility of opening new channels for external transfers and the high rate of daily transfers.

Central Bank of Iraq
Media Office
18 - June - 2023

 

[DWS112]

The Governor of the Central Bank of Iraq receives a delegation from the United Nations to agree on a package of programs between the two parties

June 18, 2023

 

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received today, Sunday, the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP), Mr. Abdullah Al-Dardari and his accompanying delegation.

The two sides discussed strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of the development programs that Iraq wishes to implement.

His Excellency said during the meeting that the contribution of the Central Bank of Iraq in diversifying the economy and empowering the private sector through an unconventional monetary policy was characterized by direct support and stimulation of the economy, indicating that this bank has adopted many initiatives to support small, medium and large projects, as well as the renewable energy initiative.

He pointed out that the Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector, announcing the launch of strategies to enhance financial depth, including the establishment of Riyada Bank, a loan guarantee company, and a financial center for business. Setting priorities for financing small and medium enterprises as the basic nucleus for economic growth and employment is among the initiatives adopted by this bank.

In turn, the head of the delegation, Mr. Abdullah Al-Dardari, reviewed the incentives for the international support for Iraq, stressing that the United Nations Development Program seeks to provide support to the Iraqi banking sector to create more job opportunities in the private sector.

The head of the delegation expressed the desire of the United Nations to create institutional partnership and cooperation in technical fields, stressing his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package that will be document For a promising development program between the Central Bank of Iraq and the United Nations Development Program (UNDP).

 

 

[horsesoldier]

I feel very sorry for the people of Iraq. Can't use the $, forced to use their TP currency, waiting, hoping for relief and all they get is hold onto your Dinars they're worth more than $'s

More talk, more meetings with any & every entity than you can count. It goes on & on + soon, near future, very soon, coming days, just around the corner et.all 

I know we'd all like to see a quick & profitable end to 20 years of waiting. For the Iraqis, good lord they're hanging on by their finger nails.

[yota691]

The Governor of the Central Bank of Iraq receives a delegation from the United Nations to agree on a package of programs between the two parties

 

  

June 18, 2023

 

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His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received today, Sunday, the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP), Mr. Abdullah Al-Dardari and his accompanying delegation.
The two sides discussed strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of the development programs that Iraq wishes to implement.
His Excellency said during the meeting that the contribution of the Central Bank of Iraq in diversifying the economy and empowering the private sector through an unconventional monetary policy was characterized by direct support and stimulation of the economy, indicating that this bank has adopted many initiatives to support small, medium and large projects, as well as the renewable energy initiative.
He pointed out that the Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector, announcing the launch of strategies to enhance financial depth, including the establishment of Riyada Bank, a loan guarantee company, and a financial center for business. Setting priorities for financing small and medium enterprises as the basic nucleus for economic growth and employment is among the initiatives adopted by this bank.
In turn, the head of the delegation, Mr. Abdullah Al-Dardari, reviewed the incentives for the international support for Iraq, stressing that the United Nations Development Program seeks to provide support to the Iraqi banking sector to create more job opportunities in the private sector.
The head of the delegation expressed the desire of the United Nations to create institutional partnership and cooperation in technical fields, stressing his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package that will be a document for the program. Promising development between the Central Bank of Iraq and the United Nations Development Program (UNDP).

 

Central Bank of Iraq
Media Office
18 - June - 2023

[yota691]

Al-Alaq talks about new channels for external transfers and plans to establish a financial and business center city

2023.06.18 - 22:17

 

Baghdad - Nas   

Today, Sunday, Central Bank Governor Ali Mohsen Al-Alaq announced the launch of strategies to enhance financial depth.  

  

  

The media office of the Central Bank said in a statement, which “NAS” received a copy of, (June 18, 2023), that “the Governor of the Central Bank, Ali Mohsen Al-Alaq, received, today, the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP), Abdullah Al-Dardari and his accompanying delegation," noting that "the two parties discussed strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of development programs that Iraq wishes to implement."  

  

Al-Alaq stressed that "the contribution of the Central Bank of Iraq to diversify the economy and empower the private sector through an unconventional monetary policy was characterized by direct support and stimulation of the economy," noting that "this bank has adopted many initiatives to support small, medium and large projects, as well as the renewable energy initiative." .  

  

He added, "The Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector," announcing "the launch of strategies to enhance financial depth, including the establishment of a Riyada Bank, a loan guarantee company, a financial center for business, and setting priorities for financing Small and medium enterprises as the basic nucleus for economic growth and employment are among the initiatives adopted by this bank.”  

  

In turn, the head of the delegation, Abdullah Al-Dardari, reviewed the "incentives of international support for Iraq," stressing that "the United Nations Development Program seeks to provide support to the Iraqi banking sector to create greater job opportunities in the private sector."  

  

The head of the delegation expressed "the desire of the United Nations to create partnership and institutional cooperation in technical fields," stressing "his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package." It will be a document for a promising development program between the Central Bank of Iraq and the United Nations Development Program (UNDP).  

[yota691]

Al-Alaq: The Central Bank operates with sufficient flexibility that qualifies it to build an economic model

• Time: 06/18/2023 22:06:45
•  
• Read: 2,522 times

  

{Politics: Al Furat News} The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received today, Sunday, the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP), Abdullah Al-Dardari, and his accompanying delegation.

 

The two parties discussed with a sense a statement by the bank, a copy of which {Euphrates News} received, "strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of development programs that Iraq wishes to implement."

 

Al-Alaq said during the meeting, that: “The contribution of the Central Bank of Iraq to diversify the economy and empower the private sector through an unconventional monetary policy, was characterized by direct support and stimulation of the economy, pointing to the adoption of this bank many initiatives to support small, medium and large projects, as well as the energy initiative renewable.”

 

He pointed out that the Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector, announcing the launch of strategies to enhance financial depth, including the establishment of Riyada Bank, a loan guarantee company, and a financial center for business. Setting priorities for financing small and medium enterprises as the basic nucleus for economic growth and employment is among the initiatives adopted by this bank.

 

In turn, the head of the delegation, Abdullah Al-Dardari, reviewed the incentives for the international support for Iraq, stressing that the United Nations Development Program seeks to provide support to the Iraqi banking sector to create more job opportunities in the private sector.

 

The head of the delegation expressed the desire of the United Nations to create institutional partnership and cooperation in technical fields, stressing his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package that will be document For a promising development program between the Central Bank of Iraq and the United Nations Development Program (UNDP).

[yota691]

The Iraqi Central Bank is moving to open new channels for external transfer

2023-06-18 15:40

Shafaq News / The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, noted, on Sunday, the possibility of opening new channels for external transfer of hard currency, and raising the rate of daily transfers.

 

 

This came during the periodic meeting of governmental and private banks, which was held in Baghdad, according to a statement received by Shafaq News Agency, and witnessed a discussion of a number of projects that are consistent with the requirements of the economic reality in Iraq.

 

Al-Alaq stressed that these projects establish a qualitative shift in the Iraqi economy and enhance its stability, revealing at the same time the project to establish a Riyada Bank, and the project to establish a loan guarantee company that facilitates the lending process for medium, small and micro enterprises.

 

He referred to the direction of the Central Bank of Iraq, in cooperation with the government and the contribution of the financial, banking and business sectors, to establish a "city of financial and business center in Iraq."

 

Al-Alaq participated in the discussions put forward by a group of banks regarding the Central Bank’s initiatives, the relationship between banking institutions and customers, and what is related to developing mechanisms for entering the electronic platform for selling foreign currency.

[yota691]

The Central Bank announces the launch of strategies to enhance financial depth

 Economy

 

•  06-18-2023, 22:08

 

Baghdad -
The Governor of the Central Bank, Ali Mohsen Al-Alaq, announced today, Sunday, the launch of strategies to enhance financial depth.

 

The media office of the Central Bank said in a statement received by the Iraqi News Agency (INA): "The Governor of the Central Bank, Ali Mohsen Al-Alaq, received today the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP) Abdullah Al-Dardari and his accompanying delegation." Noting that "the two parties discussed strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of development programs that Iraq wishes to implement."

Al-Alaq stressed that "the contribution of the Central Bank of Iraq to diversify the economy and empower the private sector through an unconventional monetary policy was characterized by direct support and stimulation of the economy," noting that "this bank has adopted many initiatives to support small, medium and large projects, as well as the renewable energy initiative." .

He added, "The Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector," announcing "the launch of strategies to enhance financial depth, including the establishment of a Riyada Bank, a loan guarantee company, a financial center for business, and setting priorities for financing Small and medium enterprises as the basic nucleus for economic growth and employment are among the initiatives adopted by this bank.”

In turn, the head of the delegation, Abdullah Al-Dardari, reviewed the "incentives of international support for Iraq," stressing that "the United Nations Development Program seeks to provide support to the Iraqi banking sector to create greater job opportunities in the private sector."

The head of the delegation expressed "the desire of the United Nations to create partnership and institutional cooperation in technical fields," stressing "his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package."

 

It will be a document of a promising development program between the Central Bank of Iraq and the United Nations Development Program (UNDP).

[yota691]

Launched by the Central Bank of Iraq .. Welcoming the "financial depth" strategy

Economical  2023/06/20

 

 

 Baghdad: Al-Sabah,

specialists in financial matters, welcomed the "financial depth" initiative launched by the Central Bank of Iraq, considering it "important" in supporting small and medium enterprises and a basis for the economic development process.

The Governor of the Central Bank of Iraq, Dr. Al-Alaq has to launch strategies to enhance “financial depth”, including the establishment of Riyada Bank, a loan guarantee company, a business financial center, and setting priorities for financing small and medium enterprises as the basic nucleus for economic growth and employment within the initiatives adopted by this bank.

 

He said: "The paths of developing financial performance in Iraq are developing remarkably, with positive effects reaching all segments of society, especially those who have difficulty obtaining financing to open a small or medium project."

He pointed out that "the strategy of financial depth launched by the Central Bank complements previous initiatives," noting that "the local market requires more credit to move various economic activities that have a clear role in addressing the chronic problems that the country suffers from, which are getting complicated, but these The initiatives will provide thousands of job opportunities in all sectors.

He pointed out that "small, medium and micro enterprises have achieved great successes in the largest economies of the world, and we must work to benefit from these experiences and employ them to serve the national economy," noting that providing financing through a flexible and secured lending mechanism will contribute to the creation of real projects that keep young people away About the specter of unemployment, which has become a major challenge for the graduates of Iraqi universities and non-graduates entering the labor market.

He pointed out that "Riyada Bank, which was announced by the governor of the Central Bank, is part of a strategy aimed at changing the reality of services and making them reach all segments of society in various regions of the country, which basically represents an important pillar of financial inclusion."

 

 Raghad Nabil Al-Alusi, a specialist in economic affairs, confirmed that "the country's reality requires the provision of real financing for projects that exist on the ground, especially since Iraq is going through a phase of transformation towards electronic transactions, in light of the rootedness of cash transactions, as credit can be employed through bank accounts and through card payments in Achieve broader community acceptance of advanced electronic services.

She said, "The Financial Depth Initiative represents a new trend that young people can invest optimally in creating projects that support the family economy and the national economy."