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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Rocky
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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the Empty An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Post by Rocky Thu 19 Oct 2017, 3:20 am

    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the two parties

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    Economy News Baghdad:
    An Iraqi banking delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the two parties.
    The Association of Iraqi Special Banks said in a press statement received by "Economy News" that "a delegation of 17 private banks, Rafidain and industrial banks and the Executive Director of the Association of Private Banks Ali Tariq and a number of advisers of the Association held a meeting at the Center for Strategic Studies in Washington, American banks, the OPEC Foundation, American financial institutions and a number of employees of the US Embassy. During the meeting, they discussed the Iraqi economy and the challenges facing it.
    She added that "the meeting discussed the development in the Iraqi banking sector, especially in the past five years and strengthen cooperation with Arab and foreign banks in addition to plans for the reconstruction of liberated areas and development in the oil sector."
    "The global media has reflected a negative image of Iraq over the past years, which has greatly affected the entry of foreign companies to work in Iraq," said the representative of the Center for Strategic Studies, Dan Randy, who chaired the session. "The Iraqi market contains great positives and a great opportunity for investors to work. in it".
    On the other hand, the Executive Director of the Association of Private Banks, Ali Tariq, explained to the American delegation the development of the Iraqi banking sector and the challenges facing the current period.
    "Despite the general conditions of the country, the work of banks is constantly evolving and we seek to reduce the use of cash in life transactions through projects operated by the Association of Iraqi private banks in cooperation with the Central Bank, such as the project of financial inclusion and the settlement of salaries."
    He added that "private banks are working hard to be a balanced share with government banks through deposits and through the issuance of decisions to stimulate government departments to deal with private banks," noting that "Iraqi banks implement the law on combating money laundering and terrorism and instructions on compliance and risk management" .
    "The US banks now have greater confidence in the Iraqi banks, especially after the positive steps taken by the Central Bank of Iraq to combat money laundering and punish violators," said Bank of Dubai bank chief Dennis Flanery.
    He added that "US banks are considering the mechanism of working with Iraqi banks and projects that provide them with a streamlined work."
    The Association of Iraqi Private Banks decided to continue holding periodic meetings with the US Treasury and foreign banks, specifically the US, with the establishment of an annual forum between Iraqi and American banks.
     

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    Proven
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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the Empty Re: An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Post by Proven Thu 19 Oct 2017, 11:08 am

    Here is the purpose of this banking conference:


    The objectives and indications of hosting the Security Council for the Governor of the Central Bank of Iraq

     
    articles
    Wadih al-Hancal
    The hosting of the UN Security Council by the Governor of the Central Bank of Iraq, Professor Ali Mohsen Al-Alak, can be described in a special session as an important and unprecedented step in the history of the international organization






    According to Article 23 of the Charter of the United Nations, the history of the UN Security Council has not been recorded as a similar event since its founding in 1946.






    The move has helped inform the members of the Security Council on the plans and contributions of the Central Bank in the areas of combating money laundering and financing of terrorism and preserving the value of the national currency, despite the difficult and extraordinary conditions that Iraq has been developing over the past years.






    The importance of hosting the 15 members of the Security Council, including the permanent five of the Governor of the Central Bank in a special session, lies in the future effects on the level of confidence in investors and correspondent banks with the strength of the Iraqi economy in general and banking in particular,






    The governor's explanation played a major role in drawing a clear picture of the role of the central bank in maintaining the value of the Iraqi dinar against foreign currencies and maintaining a reserve of hard currency, which is estimated at 48 billion dollars, a figure that is universally accepted, as well as the role of the central bank in the face of the financial crisis that passed Is still being drained by Iraq because of the decline in oil prices , which account for more than 90 percent of Iraq's budget, as well as the major economic and financial challenges and burdens of the war on terrorism and the reconstruction of damaged and destroyed Iraqi cities.






    The governor has succeeded in explaining the situation in Iraq economically and financially, present and future in front of the largest and most important and most dangerous international forum, draw in front of its members and a realistic picture without exaggeration Auzzoiq, and still ambiguity and confusion that might be a young Iraqi scene, as brought to the world through the Security Council a positive message incapable of delivering them a lot of specialists in political affairs, and succeeded conservative clear success in the review of the central bank 's plans " the biggest monetary institution in Iraq" in the areas of support for small and medium - sized enterprises and adopt Almaiaratah in the fight against money laundering and the financing of terrorism, strengthen Doralmassarv cash and Toviralciolh, and insisted On Aledjarvi government and private banks, and strict controls are binding on all banks as a basis to assess and cope with the stifling financial crisis faced by Iraq.






    The hosting of the Security Council by the Governor of the Central Bank is a first step which should be followed by steps in bridging the gaps and building bridges with the global financial and economic decision-making bodies, including the UN Economic and Social Council, which will coordinate, prepare studies, draw conclusions and make recommendations on economic and social issues. Mission in all countries of the world.






    It is necessary to note here that the hosting of the governor by the UN Security Council came days before the visit of a large Iraqi banking delegation to Washington for important talks with senior officials of US and international banks, with the aim of restoring confidence in Iraqi banks and the end of the embargo imposed by some correspondent banks,






    The visit of the delegation aims to restore investor confidence in the Iraqi economy in general and banking in particular and bridge the relationship with the banks and international money houses and create a state of the treasury has a bitterness the financial situation of Iraq present and future,






    According to reports from Washington that the delegation, which was the Association of Private Banks Durkbervi formation, has achieved remarkable successes in establishing links of broad cooperation between Iraqi banks and their American counterparts.


    President of the Association of Iraqi Private Banks

    Source: Economy News

    Views 46   Date Added 10/19/2017

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    mochasmom
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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the Empty Re: An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Post by mochasmom Thu 19 Oct 2017, 11:13 am

    Thanks Proven, miss your posts
    Proven
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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the Empty Re: An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Post by Proven Thu 19 Oct 2017, 8:23 pm

    The significance of the visit of the banking delegation to America













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    Yasser Metwally
    Yasser Metwally

    "It is an initiative to be commended, because the reception of America's delegation of private banks came on the sidelines of great efforts in itself the Association of Iraqi private banks to meet with the largest correspondent banks in the world." 

    And this event, which is recorded for the first time in the history of Iraqi banks is a real starting point towards cooperation and partnership required in the framework of raising the efficiency of the performance of Iraqi banks and benefit from international expertise in dealing with banking transactions in order to be in the level of requirements of international investment companies wishing to invest in Iraq and One of the most important requirements is the availability of safe banks that operate according to international banking standards.

    The indicators that reached us on the proceedings of the meetings and their results by Mr. Ali Tariq, the Executive Director of the Association, augur the possibility of considering that the ban imposed on Iraqi banks in dealing with them by Correspondent Banks has appeared on the way to fade and raise it by rephrasing the relationship and new links with the banks, Internationally

    This remarkable achievement is calculated for the Association in its dedication to the advancement of the private banking sector to the level of dealing and dealing with high-level banking in the world in coordination and partnership and consultation with the Central Bank of Iraq. 

    It is also gratifying that the private banking delegation visiting America was homogeneous and united in presenting visions towards the demands of the return of bridges of trust with international banks, according to the Executive Director, reflecting the understanding of banks and their homogeneity and working as one cell away from self-interest and selfishness. The banking sector .

    Therefore, they have found understanding by the nascent banks in the world to desire to re-engage with the private sector, but need time and time to arrange their conditions and conditions which must be applied for the success of the mission of the delegation and the purpose of his visit. 

    Congratulations to Iraq on the efforts of the banking sector to achieve economic achievements that serve the development process by creating a new investment environment that drives investors to invest in Iraq. 


    This is a simple conclusion of the visit of the banking delegation to America.
     
    Views 104   Date Added 19/10/2017

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    Lobo
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    An Iraqi banking delegation discusses in the United States opportunities for cooperation between the Empty Re: An Iraqi banking delegation discusses in the United States opportunities for cooperation between the

    Post by Lobo Thu 19 Oct 2017, 9:15 pm

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