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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

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    Al-Nasiri: The visit of the delegation of the Union of Arab Banks to Iraq does and strengthens the A

    Rocky
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    Al-Nasiri: The visit of the delegation of the Union of Arab Banks to Iraq does and strengthens the A Empty Al-Nasiri: The visit of the delegation of the Union of Arab Banks to Iraq does and strengthens the A

    Post by Rocky Tue 09 Jan 2018, 4:35 am

    Al-Nasiri: The visit of the delegation of the Union of Arab Banks to Iraq does and strengthens the Arab banking house

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    Economy News _ Baghdad
    Al-Nusairi, the economic and banking advisor to the Association of Iraqi Private Banks, called on the delegation of the Union of Arab Banks, which started an important work visit to Iraq, to ​​activate, activate and strengthen joint cooperation with the Association of Iraqi Banks.
    He added that the main objective of the visit of the delegation to Iraq is the matter of the Iraqi banking sector is to be closely informed of the success of the Iraqi banking, led by the Central Bank of Iraq and implemented by the Iraqi banks in cooperation and coordination with the Association of banks, which embodied the preservation of the spirit of economic steadfastness and financial victory achieved Iraqis over the past three years and continue to ensure financial sustainability for the coming years. 
    Al-Nusairi said in an interview with "Economy News" that during the period from mid-2014 to the present time, Iraq suffered a severe economic and financial crisis for reasons known mainly that the Iraqi economy is rational and depends on its resources on oil in a fundamental and because of the decline in global prices by more than 70 percent In the management of the economy and promised clarity of vision and the economic approach and the absence of a sovereign fund in the years of financial savings.
    He added that all this coincided with the terrorist conditions of Al-Daheshi and the occupation of cities and their destruction and the displacement of 5 million citizens from their homes and cities led to the burden of the country additional economic problems and large financial costs reflected on increasing the unemployment rate and the proportion of population below the poverty line, which required the government and its institutions and institutions and government and private banks The Central Bank of Iraq in the opposite attack to achieve economic steadfastness and achieve financial victory.
    Nusairi stressed that the national economic war began to achieve this goal and was recorded bright points by some quarters on this road, has contributed to the Central Bank of Iraq through its monetary policies to support the economic steadfastness and achieve financial sustainability through strengthening the treasury of the state up to 21 trillion dinars and issuing bonds treasury Internal and external to enable the government to pay the costs of the war on terrorism and pay the salaries of employees and retirees and the entitlements of contractors and farmers The Association of Banks has been able to implement the strategy of the Central Bank in capacity building and development skills of human resources banking where The management of the total quality and the international accounting standards and the financial coverage and urging and follow-up private banks to contribute to the development and community initiatives such as Baghdad initiatives and the empowerment and support
    Al-Nusairi said that the policies of the Central Bank of Iraq led to an improvement in the credit rating of Iraq and transferred it to an advanced classification of the former according to the criteria of the Financial Action Organization. The report of the Governor of the Central Bank Ali Al-Alaq in the Security Council last November, The Association and the banks on their embodiment in order to meet the challenges and create opportunities.
    He pointed out that the decisive victory achieved by our armed forces to expel terrorism from its last foothold in the country should make us benefit from the crisis stage and maintain the spirit of military and financial victory.
    Al Nusairi concluded by wishing the delegation of the Union of Arab Banks to prepare joint programs with the Central Bank and the link for the purpose of transferring the success of the Iraqi banking crisis during the crises and transferring them to other Arab countries that suffer from similar circumstances and that the representation of Iraq and its private banking sector represented by the Association of Iraqi Private Banks The Board of Directors of the Union and the International Federation of Arab Bankers, and cooperation and joint consultation in all areas of banking.




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