11/24/2013
11/25/2013 0:00
-Sought to gain access to a system integrated economic
Baghdad - Mostafa Hashemi
planned central bank with the relevant authorities to get to the economic system integrated through a call to the private banks to send its observations and proposals on amending laws Central Bank and money laundering and banks to reach enact laws that serve the economic process in joint efforts by the central bank and private banks.
opened the central bank governor Agency Abdul Basit Turki Saeed yesterday workshop, which was launched in the presence and participation of private banks and a number of economic figures which will continue for a period of five days for the purpose of discussing the proposals made by a number of private banks in order to promote the reality of banking.
said Said in his speech the way that I attended (morning) that the central bank plans to discuss the banking laws, and on this basis were required to the relevant authorities to submit proposals to get to the workshop.
added that there is more than one reason to reconsider the laws foremost it was issued from the Coalition Provisional Authority at the time Besides that there is a need emerged through experience to develop such laws, along with the need for the establishment of the bank, in turn, driving the country's economy.
stressed the need to propose draft laws suitable for Iraq in the coming years and not for periods of utensils and stay away from all that is not feasible, explaining that this workshop will determine the point of action banking in Iraq in addition to that it would be supportive at the legislative level and expressed his wishes for success and acceptance of all views to be put forward, pointing out that they opportunity will not be repeated.
The agenda of the workshop for two days the first and second discussion of the Central Bank Law No. 56 of 2004 as will be discussed laws of others in the rest of the days of the workshop. For his part, Dr. Abdul Rasul Abdullah Jassim Director at the Central Bank to reconsider the importance of the laws because there are banking terms extracted from the English translation, indicating the importance of reconsidering those propositions to suit the knowledge of Iraq and its history for the advancement of the legal process of economic development. The methodology of the track at this stage because there are a lot of legal texts banking marred by a lack of clarity.
said banking expert Haseeb Kazim Javed said there is a need to reconsider all rulings and issued in accordance with the Constitution and the preservation of the independence of the bank. He pointed out that the Central Bank is the oldest bank in the region and the Middle East was founded in 1947 as well as other Iraqi banks had been established before that date is evidence that Iraq has the experience and knowledge necessary to qualify for the lack of dependence on foreign legislation. In the same vein, said Walid Idi Abdul Nabi, the Bank's work for years to take measures to improve the regulatory environment and increasing the density of banking where increased bank branches in proportion to the preparation of the population, adding that the majority of the laws governing the banking business of the bank written in foreign terminology peculiar to the banks where There is a corresponding text in Arabic, stressing the importance of conducting adjustments in line with the transition to a market economy and liberalization of the economy totalitarian.
were interventions in the workshop by some officials of private banks touched during which the importance of maintaining the integrity of the monetary policy and the treatment of letters of guarantee and respect the freedom to practice the business of banks and emphasize the need not to continue to work laws passed since 10 years of the Coalition Provisional Authority Adin this as improper. it is hoped to get rid of the workshop is to modify the number of paragraphs in the banking laws, the most important of Article 28 of the Banking Act that limit the freedom of banks Private and exercise its investment and commercial activities as: Experts said the cancellation of Article 28 of the Banking Act will be decided by the workshop where the trend now is that the bank will turn Developmental and lift all impediments to the exercise of this role while expecting others to be adjusted not canceled because it was drafted in a manner intersecting with Article 27 of the same law.
[You must be registered and logged in to see this link.]
Yesterday at 8:24 am by Rocky
» utube 6/3/24 MM&C IQD Update-Iraq Dinar-Accelerate- Digital-Financial-Banking Reforms-Best Budget
Yesterday at 8:14 am by Rocky
» utube 6/4/24 MM&C IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dol
Yesterday at 8:13 am by Rocky
» The Central Bank explains the “fiscal control” mechanism contained in the budget
Yesterday at 6:42 am by Rocky
» The path to development...Iraq's economic gateway and its point of stability
Yesterday at 6:40 am by Rocky
» Announcing the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-Fren
Yesterday at 6:36 am by Rocky
» The coordination framework reveals the latest developments in the election of a new Speaker of the H
Yesterday at 6:34 am by Rocky
» In a “quick” session... Parliament votes on the 2024 budget, and controversy accompanies three parag
Yesterday at 6:32 am by Rocky
» Minister of Construction regarding encroachment on service projects: How can a citizen destroy his p
Yesterday at 6:30 am by Rocky
» Thousands of workers are dissatisfied after being laid off from work due to investment in agricultur
Yesterday at 6:29 am by Rocky
» A different vision for the budget schedules presented by an economic coalition
Yesterday at 5:13 am by Rocky
» Where is the danger in budget tables? An economist breaks it down
Yesterday at 5:12 am by Rocky
» A parliamentary movement for justice for 20,000 employees in state institutions
Yesterday at 5:09 am by Rocky
» Between Al-Halbousi and the leaders... new disputes undermine progress in Baghdad
Yesterday at 5:08 am by Rocky
» An economist confirms the possibility of Iraq entering the field of investment in oil derivatives
Yesterday at 5:07 am by Rocky
» A parliamentary question about the fate of 57 trillion dinars in the 2023 budget
Yesterday at 5:06 am by Rocky
» High central bank sales in the currency auction
Yesterday at 5:04 am by Rocky
» Al-Halbousi's party is conditioning the change of Al-Mashhadani on political dialogues
Yesterday at 5:01 am by Rocky
» Involved in wasting more than 6 billion dinars.. Iraq recovers a health official from Belarus
Yesterday at 5:00 am by Rocky
» Finance Committee after voting on the budget tables: There is financial abundance for the governorat
Yesterday at 4:59 am by Rocky
» Detailing the “secrets” of the budget...the increase in the value of salaries for 5 ministries, and
Yesterday at 4:58 am by Rocky
» Bitcoin exceeds $70,000
Yesterday at 4:57 am by Rocky
» 3 gains behind extending the oil production reduction agreement until the end of 2025
Yesterday at 4:55 am by Rocky
» Parliament Finance clarifies... What is the fate of contract employees in the 2024 budget?
Yesterday at 4:54 am by Rocky
» The Retirement Authority announces the disbursement of end-of-service benefits to more than 6,000 pe
Yesterday at 4:53 am by Rocky
» Iraq exports more than 7 million barrels of crude oil and its derivatives to America in a month
Yesterday at 4:53 am by Rocky
» Approving 36 service projects and referring them for implementation in an Iraqi governorate
Yesterday at 4:52 am by Rocky
» Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it w
Yesterday at 4:51 am by Rocky
» Kuwait: Three countries, including Iraq, pledged to fully adhere to the OPEC+ agreement
Yesterday at 4:50 am by Rocky
» What is the truth about there being a parliamentary tendency to challenge the budget schedules?
Yesterday at 4:49 am by Rocky
» By land: An Iraqi aid convoy launches to relieve the people of Gaza
Yesterday at 4:48 am by Rocky
» Al-Sudani: Voting on the budget supports the government’s work
Yesterday at 4:46 am by Rocky
» Arbitrage
Yesterday at 4:44 am by Rocky
» More than 12 million bank accounts to date
Yesterday at 4:42 am by Rocky
» Marketing of a new kind
Yesterday at 4:41 am by Rocky
» Government initiatives to support the economy and increase development rates
Yesterday at 4:40 am by Rocky
» Parliamentary Finance clarifies the details of the 2024 budget after voting on it
Yesterday at 4:38 am by Rocky
» A deconstructive look at the budget tables: 5 ministries and a body whose salaries increased... and
Yesterday at 4:37 am by Rocky
» What is the truth about the existence of a parliamentary tendency to challenge the budget schedules?
Yesterday at 4:36 am by Rocky
» The Election Commission approves the distribution of seats in the Kurdistan Regional Parliament (doc
Yesterday at 4:35 am by Rocky
» Kurdistan is “optimistic”... What does the “speed” in approving the budget schedules indicate?
Yesterday at 4:34 am by Rocky
» For the second day in a row...the dollar continues to rise in the local market
Yesterday at 4:33 am by Rocky
» The Central Bank of Iraq stops 200 companies from dealing in dollars
Yesterday at 4:32 am by Rocky
» The most prominent of which is the amount of funds. Planning determines the criteria for accepting a
Yesterday at 4:30 am by Rocky
» With new searches, Labor announces the arrest of more than 40,000 people who exceeded their benefits
Yesterday at 4:29 am by Rocky
» Al-Sudani congratulates the approval of the budget and reiterates the progress of implementing the g
Yesterday at 4:28 am by Rocky
» Petroleum Products: Liquid gas for automobiles is a high purity and environmentally friendly fuel
Yesterday at 4:26 am by Rocky
» Media and Communications: Iraq is committed to achieving the highest standards of cybersecurity
Yesterday at 4:24 am by Rocky
» The Minister of Immigration participates in a high-level regional meeting to strengthen the fight ag
Yesterday at 4:23 am by Rocky
» The Minister of Communications announces the imminent trial launch of the electronic signature proje
Yesterday at 4:22 am by Rocky
» UNDP representative from Baghdad: We are committed to keeping pace with anti-corruption efforts
Yesterday at 4:21 am by Rocky
» Agriculture announces a reduction in the diversion of smuggled products to local markets
Yesterday at 4:20 am by Rocky
» After approving the 2024 budget schedules... good news for employees, retirees, and students
Yesterday at 4:19 am by Rocky
» After a difficult struggle... the budget tables acknowledge and parliamentary pessimism weakens the
Yesterday at 4:17 am by Rocky
» Human Rights Watch: Iraq is “failing” to implement its laws.. Where do the quotas for hiring people
Yesterday at 4:15 am by Rocky
» Rapid deterioration in oil prices within hours
Yesterday at 4:14 am by Rocky
» New parliamentary statistics on drugs in Iraq: 18 million pills seized annually
Yesterday at 4:12 am by Rocky
» Deleting 3 paragraphs.. The secrets of the budget tables oppress the governorates
Yesterday at 4:09 am by Rocky
» Parliament announces the end of its legislative term
Yesterday at 4:08 am by Rocky
» After approving the budget... Al-Sudani sends a message
Yesterday at 4:07 am by Rocky
» Comment from the Parliamentary Legal Committee regarding the appeal of the budget schedules
Yesterday at 4:05 am by Rocky
» Lucy in the Sky with Diamonds
Mon 03 Jun 2024, 3:39 pm by wciappetta
» Al-Sudani: Iraq has an opportunity to possess an advanced and economically successful industry
Mon 03 Jun 2024, 10:35 am by Rocky
» Latest information about the “Theft of the Century” case
Mon 03 Jun 2024, 10:34 am by Rocky
» External praise for Iraqi banks: very advanced in electronic banking services
Mon 03 Jun 2024, 10:30 am by Rocky
» Inside a well... creating a “cheap” technology to convert natural gas into hydrogen
Mon 03 Jun 2024, 10:28 am by Rocky
» Abdullah chairs the Parliamentary Finance Committee meeting regarding the budget schedules
Mon 03 Jun 2024, 10:27 am by Rocky
» What is the justification for “disrupting important laws” in the House of Representatives?
Mon 03 Jun 2024, 10:25 am by Rocky
» After passing the schedules, extraction companies are preparing to escalate in response to their tra
Mon 03 Jun 2024, 10:24 am by Rocky
» Parliamentary Finance clarifies the details of the 2024 budget after voting on it - urgent
Mon 03 Jun 2024, 10:23 am by Rocky
» A representative sets priorities for the 2024 budget schedules and confirms: salaries are secured
Mon 03 Jun 2024, 10:21 am by Rocky
» Exceeding 550 billion dinars...petroleum products reveal their sales via electronic payment during M
Mon 03 Jun 2024, 10:19 am by Rocky
» European Union: We cooperate with the United Nations to enhance transparency in Iraq
Mon 03 Jun 2024, 10:17 am by Rocky
» Parliamentary Finance confirms its vote on the budget tables
Mon 03 Jun 2024, 10:13 am by Rocky
» In numbers...each governorate’s shares from the 2024 budget (exclusive documents)
Mon 03 Jun 2024, 10:11 am by Rocky
» Parliament votes on the budget schedules
Mon 03 Jun 2024, 10:10 am by Rocky
» Globalists suffer big upset in Geneva; WHO chief urges aggressive crackdown on 'global pandemic agre
Mon 03 Jun 2024, 10:08 am by Bama Diva
» Report: Saudi Arabia is trying to get closer to the Shiites of Iraq
Mon 03 Jun 2024, 9:41 am by Rocky
» Parliament holds its session in the presence of 199 deputies
Mon 03 Jun 2024, 9:40 am by Rocky
» Attempts to pass the 2024 budget “without amendment”.. and a representative raises a question: What
Mon 03 Jun 2024, 9:04 am by Rocky
» Al-Mamouri: The Finance Committee added 2 trillion dinars to the 2024 budget for this purpose
Mon 03 Jun 2024, 9:03 am by Rocky
» A different percentage than the government... Parliament’s finances reveal the size of the budget, i
Mon 03 Jun 2024, 9:02 am by Rocky
» utube 6/1/24 MM&C IQD Update-Iraq Dinar-HoR under a gun - Monday 3:00 PM Baghdad Vote
Mon 03 Jun 2024, 6:00 am by Rocky
» Ports: We will receive Al-Faw Port in October and it will be managed by a professional international
Mon 03 Jun 2024, 5:59 am by Rocky
» Hanoun: We intend to draw up a six-year national strategy to combat corruption based on digitalizati
Mon 03 Jun 2024, 5:57 am by Rocky
» Trump: If I return as president, I will fire generals and reveal the secrets of the September 11 att
Mon 03 Jun 2024, 5:53 am by Rocky
» Al-Karaawi: America does not want Iraq to complete the port of Lavao
Mon 03 Jun 2024, 5:51 am by Rocky
» Al-Tamimi: The Sudanese did not ask the Americans to leave... and by God, he cannot expel them
Mon 03 Jun 2024, 5:49 am by Rocky
» Parliamentary Transport reduces the importance of the Kuwaiti Mubarak Port
Mon 03 Jun 2024, 5:48 am by Rocky
» The representative believes that it will be difficult to pass the budget schedules today for several
Mon 03 Jun 2024, 5:47 am by Rocky
» Al-Faw port: Iraqi insistence and Kuwaiti envy
Mon 03 Jun 2024, 5:46 am by Rocky
» Sudanese directs to work with maximum efforts to provide the necessary fuel for electric power produ
Mon 03 Jun 2024, 5:43 am by Rocky
» OPEC Plus forces Iraq to reduce 650 thousand barrels per day
Mon 03 Jun 2024, 5:42 am by Rocky
» Parliamentary Energy attacks the Ministry of Electricity: Be honest with the people instead of “fake
Mon 03 Jun 2024, 5:41 am by Rocky
» 83 Iraqi government departments cancel the “paper” breast health system
Mon 03 Jun 2024, 5:40 am by Rocky
» Electricity renews its vows: Energy production in the summer of 2024 will be the best
Mon 03 Jun 2024, 5:39 am by Rocky
» It includes international agencies...preparing to open the largest mall in an Iraqi governorate
Mon 03 Jun 2024, 5:38 am by Rocky
» Nineveh complains of its lack of allocations in the 2024 budget: 400 billion is not enough
Mon 03 Jun 2024, 5:37 am by Rocky
» A slight increase in the price of the “green currency”... recording 145,250 dinars for every 100 dol
Mon 03 Jun 2024, 5:35 am by Rocky