10/12/2017 12:00 am At his third annual conference in Baghdad Baghdad / morning work team The Central Bank of Iraq held its third annual conference in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" with a view to putting the Iraqi banking system on the path of prosperity and development. 2017. The speech of the President of the Republic was read on the occasion and focused on strengthening the financial sector and monetary policy, and the prospects for prosperity and development are strong, especially after the victory over the terrorist "calling", under the direction of development and building the future of the Iraqi economy and social. The role of the central bank and its efficiency and the importance of its relations to promote economic interests in conjunction with the international desire for this, and the role of partnership with international institutions and address the problems and obstacles in front of it, and adopted a strategy of cooperation contribute to economic development.
Achieve evolution Governor of the Central Bank d. Ali Alaq said: "The conference is a moment that places everyone in front of the responsibilities of construction and reconstruction and the creation of a sound economy, and the need to aspire to a national administration that reflects the government's ability to manage the country efficiently through the ability to form a rational institution to achieve sustainable development and the rule of law and achieve public stability. Peace and development, and the adoption of the principle of equal opportunity rather than opportunities and governance For electronic ".
Wealth Management The second pillar of the national administration requires macroeconomic management in light of the trend that drives the real sectors and is based on this by activating the role of the private sector. The last pillar is the financial policy which is the engine to manage wealth and face financial risks. At a time when the Ministry of Finance has achieved important measures in financial reform In front of other reforms, the most important of which is to reduce the gap between local revenues and domestic expenditures. "He proposed reducing the gap by 2.5 percent annually and over 30 years the gap would be 15 percent as well as activating economic sectors and reducing dependence on financial resources One". Al-Alaq reviewed a number of achievements that accompanied his work during the last three years and focused the central bank's strategy on capacity building and allocations for the purpose of developing specialized banks and private banks and maintaining a globally acceptable cash reserve.
Development options The Minister of Labor and Economic Affairs said in his speech: "We look forward to the recommendations of the conference that move the reality of the economy and society in our goals to build a state of social justice. We also look forward to opening new development options and enhancing financial and monetary policies and maximizing the capacity of investment supporting the market. the work". "The industrial sector is a demand and a main objective of our work, opening up the private sector to build industrial infrastructure and reduce imports, the local".
Country precautions Chairman of the Finance Committee Mohamed Tamim noted that "under the development trends, we recognize the important role of the Central Bank in monetary policy and regulate the work of banks and all functions, and formed the independence of the central step important to achieve the objectives of monetary policy to ensure not to deviate from its objectives and maintain the country's reserves." He stressed "the importance of working to diversify domestic production through the issuance of legislation that will diversify the economy and give a greater role to the banking sector to contribute to development." Chairman of the Committee on Economy and Investment Representative Ahmed Kanani, said that "the conference bears great significance as we live victories and prepare for building and growth and look forward to a greater role of monetary policy." He pointed out that "the presence of experts at the conference is important for the exchange of experiences and what counts for the center that the conference was organized in Baghdad after it was organized outside the country." Achieve development "The conference comes at an ideal time after Iraq clears the dust of terrorism and it is looking forward to the stage of real construction and reconstruction, which requires a banking sector to be the center of success in achieving development. The conference came to be the banking system in one place discussing the requirements The need for future and view the march of the Central and the systems adopted and the extent of service provided to the public, and see the future plans of the Center, which represents the sponsor and father of the banking system. He pointed out that "the subject of financial inclusion, which I have advocated for years since the morning newspaper; today takes a large part of the attention of the conference and this is a success of the banking system, where services reach all citizens.
Check the utility Director-General of the South Islamic Bank d. Ahmed Zaki Younis Bin that "the conference under the great victories achieved by our army and our holy mobilization on the forces of darkness and the end of their existence can be described as important, because we are in front of a new stage of construction and reconstruction," pointing out that "the presence of this large number of experts money and economy leads to the establishment of sound rules For the national economy and starting from axes and fixed rules that benefit the national economy. "
A valuable opportunity The Executive Director of the Association of Iraqi Banks Ali Tariq pointed out that "developments in the private banking sector comes through the identification of weaknesses and work to address them, and the conference represents a valuable opportunity to discuss the mechanisms of modernizing the banking system and make it rise to the world in providing sophisticated products that tune And the volume of future work in Iraq. " He pointed out that "the Association of Banks closely follows the banking process and has full plans to promote it through integrated training programs to create human capabilities with international efficiency, and more than 2000 employees have been trained during the current year from the public and private sectors, Has a new shape during the coming period and is able to activate economic activities and [You must be registered and logged in to see this link.] the productive sectors And service. "
Monetary policy Director General of Payments, Dr. Abdul Karim Bent said: "The Central Bank of Iraq seeks in its work to be a role model for the rest of government institutions through its outstanding performance to contribute to the achievement of sustainable economic development and prosperity for citizens through its mission based on (modern administrative practices, Prudential, financial sector governance, adopting an efficient monetary policy) and building on the institutional values of loyalty, creativity and innovation, teamwork, integrity, transparency, fairness and equality. "
Electronic collection "Through this vision, the strategic plan for the next five years has been launched. Despite the keen interest of the Bank's management in adopting and launching projects and initiatives at the specified time, the Central Bank has sought to have a reflection of this plan in the financial and banking sector, which is reflected in the development of services, And the strengthening of financial coverage in Iraq, because of its direct link to fight corruption and speed in the completion of transactions and the development of the work of ministries and institutions all the transition to payment and electronic collection will ensure the transition to electronic government and facilitate procedures.
Efficient system "The interest in the payment system has been a key factor in monetary policy and effective management of leading the shift to electronic payments and access to a society that helps control the provisions of the supervision and control tools through the establishment of an efficient and effective system based on international standards in this area and a legal framework ensures Equality, transparency and justice for all participants and users of the systems through the organization and supervision of the work of electronic payment services companies and building effective partnerships with the private sector to serve the higher interest of economic development and infrastructure development of the system Financial. "
Cash Management Stressed that the availability of payment systems in Iraq, the main benefits to banks and projects and people in Iraq, the most important information on the management of cash and maintain the confidentiality of information and reduce the risk of paperwork and transactions of high value and transactions of low value are processed quickly and safely and transparently, as well as linking all banks And the Ministry of Finance directly at the Central Bank of Iraq and reduce dependence on cash and improve the investment environment in Iraq.
[You must be registered and logged in to see this link.]
|
Today at 4:48 am by Rocky
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
Today at 4:47 am by Rocky
» Food Basket: Improved Quality, Delayed Distribution
Today at 4:46 am by Rocky
» Parliament extends its term and ends reading of three laws
Today at 4:45 am by Rocky
» Great government achievements.. Model school buildings project
Today at 4:44 am by Rocky
» Parliamentary meeting to discuss four important oil files
Today at 4:41 am by Rocky
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
Today at 4:40 am by Rocky
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
Today at 4:38 am by Rocky
» Al-Sudani leaves Baghdad for Spain on an official visit
Today at 4:37 am by Rocky
» Economist: Non-oil revenues to achieve significant growth in 2024
Today at 4:36 am by Rocky
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
Today at 4:35 am by Rocky
» Iraqi Exhibitions Announce New Exhibitions Next Month
Today at 4:34 am by Rocky
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
Today at 4:28 am by Rocky
» Despite setting the first session... the talks to form the regional government are at a standstill a
Today at 4:27 am by Rocky
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
Today at 4:25 am by Rocky
» Iraqi oil falls again on third day of trading
Today at 4:24 am by Rocky
» Economist: Iraq has a reliable database and the census does not create development but rather facili
Today at 4:21 am by Rocky
» Decisive moves to propose salary scale amendment under the parliament dome
Today at 4:20 am by Rocky
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
Today at 4:19 am by Rocky
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
Today at 4:18 am by Rocky
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
Today at 4:17 am by Rocky
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
Today at 4:16 am by Rocky
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
Today at 4:15 am by Rocky
» The Presidency of the Region announces: The new parliament will hold its first session on the second
Today at 4:14 am by Rocky
» America: Factions in Iraq expose the country to the risk of instability
Today at 4:12 am by Rocky
» Planning reveals the next step of the census: We will visit these families
Today at 4:11 am by Rocky
» Health: Opening of three new factories to produce various medicines
Today at 4:10 am by Rocky
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
Today at 4:09 am by Rocky
» The House of Representatives completes the first reading of the draft law amending the first three-y
Today at 4:07 am by Rocky
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
Today at 4:06 am by Rocky
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
Today at 4:05 am by Rocky
» Indian Oil Corporation maintains deal to import Iraqi oil
Today at 4:04 am by Rocky
» Iraq's oil exports exceed 103 million barrels last month
Today at 4:03 am by Rocky
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
Today at 4:00 am by Rocky
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
Today at 3:58 am by Rocky
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
Today at 3:56 am by Rocky
» Find out the dollar prices in the Iraqi markets
Today at 3:55 am by Rocky
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
Today at 3:54 am by Rocky
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
Today at 3:52 am by Rocky
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
Yesterday at 6:45 am by Rocky
» Parliamentary Finance Committee discusses amending the three-year budget
Yesterday at 6:40 am by Rocky
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
Yesterday at 5:19 am by Rocky
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
Yesterday at 5:13 am by Rocky
» Increase in foreign remittance sales at the Central Bank of Iraq auction
Yesterday at 5:12 am by Rocky
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
Yesterday at 5:09 am by Rocky
» Kurdistan Finance delivers employees' salary schedule to the federal government
Yesterday at 5:08 am by Rocky
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
Yesterday at 5:07 am by Rocky
» Settling tax trust claims
Yesterday at 5:05 am by Rocky
» Launching the National School Health Strategy
Yesterday at 5:04 am by Rocky
» Approval to implement service projects in Babylon
Yesterday at 5:02 am by Rocky
» New container handling berths at ports
Yesterday at 5:02 am by Rocky
» Work: Demand for registration in social security
Yesterday at 5:01 am by Rocky
» Reconstruction: Land Bank to be completed next year
Yesterday at 4:59 am by Rocky
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
Yesterday at 4:58 am by Rocky
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
Yesterday at 4:57 am by Rocky
» Focus on the banking sector
Yesterday at 4:56 am by Rocky
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
Yesterday at 4:55 am by Rocky
» Economists: Census is a roadmap for development
Yesterday at 4:54 am by Rocky
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
Yesterday at 4:53 am by Rocky
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
Yesterday at 4:48 am by Rocky
» thirty-sixth session, chaired by the Minister of Planning
Yesterday at 4:47 am by Rocky
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
Yesterday at 4:46 am by Rocky
» The demographic boom in Iraq: an economic opportunity or a social burden?
Yesterday at 4:44 am by Rocky
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
Yesterday at 4:42 am by Rocky
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
Yesterday at 4:41 am by Rocky
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba
Yesterday at 4:38 am by Rocky
» Iran announces its commitment to continuing gas exports to Iraq
Yesterday at 4:37 am by Rocky
» Iraq, Russia discuss energy cooperation
Yesterday at 4:36 am by Rocky
» British Home Secretary to visit Iraq tomorrow
Yesterday at 4:35 am by Rocky
» The next parliament will have 450 members.. Officially, Al-Sudani announces that the population of I
Yesterday at 4:33 am by Rocky
» US Ambassador Warns of 'Frightening Actions': Iraq Does Not Want to Be Drawn into Regional Conflict
Yesterday at 4:32 am by Rocky
» Planning: The announced census results are not preliminary and the number will increase
Yesterday at 4:30 am by Rocky
» Election “hype” begins early.. Al-Maliki insists on holding it and Al-Sudani prepares
Yesterday at 4:29 am by Rocky
» “No more delays”.. Parliament changes the mechanism of holding sessions: “Controversial” laws are re
Yesterday at 4:28 am by Rocky
» Al-Mashhadani to the heads of the blocs: I prefer to vote on the general amnesty law before anything
Yesterday at 4:27 am by Rocky
» Iraq ranks 8th in the Arab world in achieving work-life balance in 2025
Yesterday at 4:26 am by Rocky
» Labor announces issuance of more than a quarter of a million national cards for social protection be
Yesterday at 4:24 am by Rocky
» Iraqi-Chinese research on accelerating combined cycle power projects
Yesterday at 4:23 am by Rocky
» Al-Maliki praises the decision of the International Criminal Court and demands the resolution of the
Yesterday at 4:22 am by Rocky
» Al-Mashhadani calls for voting on the general amnesty law for the “oppressed” before other laws
Yesterday at 4:21 am by Rocky
» Yazan Mishaan Al-Habouri revolts against his "leak": There are those who obstruct the government's e
Yesterday at 4:19 am by Rocky
» US Ambassador: Ending the presence of the international coalition in Iraq is being implemented and w
Yesterday at 4:18 am by Rocky
» Al-Mashhadani directs to raise the suspended laws to the Presidency of the House of Representatives
Yesterday at 4:17 am by Rocky
» "His general situation is unbearable" .. Parliamentarian: Political consensus to keep Iraq away from
Yesterday at 4:16 am by Rocky
» Al-Sudani agrees to launch the “For Her” initiative to support Iraqi women
Yesterday at 4:15 am by Rocky
» Development Bank condemns extortion attempts: It will not affect our workflow
Yesterday at 4:13 am by Rocky
» Iraq-China oil-for-reconstruction deal faltering: A geopolitical shift in the Middle East
Yesterday at 4:12 am by Rocky
» Planning reveals the next step of the census: We will visit these families
Yesterday at 4:10 am by Rocky
» Parliamentary Finance Committee calls on the government to expedite sending the budget tables
Yesterday at 4:09 am by Rocky
» OPEC+ may extend oil cuts at its meeting next Sunday
Yesterday at 4:06 am by Rocky
» Parliamentary Integrity Committee discusses with the Director of Central Oil the file of contracts a
Yesterday at 4:04 am by Rocky
» Government notice regarding the legal status of foreign workers
Yesterday at 4:02 am by Rocky
» House of Representatives holds "important" session today.. Expectations of extending the legislative
Yesterday at 4:00 am by Rocky
» Slight rise in dollar prices against the dinar in Iraqi stock exchanges
Yesterday at 3:59 am by Rocky
» Baghdad "softens" and Kurdistan oil prepares to continue its global journey
Yesterday at 3:58 am by Rocky
» "For 5 million dinars or in installments" .. Iraqi electric cars soon on the streets
Yesterday at 3:57 am by Rocky
» Where did the Intelligence Bill get to in the House of Representatives?
Yesterday at 3:55 am by Rocky
» "Contract Suspicions Series"... What are the loopholes in the Korean air defense system contract in
Yesterday at 3:54 am by Rocky
» MP reveals latest developments in the formation of the new Kurdistan government
Yesterday at 3:51 am by Rocky