Honoring the Governor of the Central Bank of Iraq
05/7/2018 12:00 am [rtl] Samir Al Nusairi The information received from the Union of Arab Banks and based on special evaluation criteria indicates the selection of the Union of Arab Banks, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the best Arab, and was honored with a special celebration on the sidelines of the Arab International Banking Summit, In the French capital Paris under the patronage of the French Prime Minister and in the presence of ministers and governors of central banks and heads of boards of Arab, French and European banks and prominent economic, financial and banking personalities. This honor is in fact a tribute to the Central Bank of Iraq and cadres, whose role was distinctive in support of the national economy in the near the difficult circumstances experienced by Iraq during the past three years. The support provided by the Central Bank to the national economy during the economic and security shocks suffered by Iraq due to the economic and financial crisis and the war on terrorism is a bright spot and a success experience in a country that is going through harsh conditions and a historic phase which is the most difficult to face the economic and security challenges that no country in the world has experienced. Such as Iraq. As the team of the Central Bank proved their success in enhancing the economic steadfastness and achieving monetary stability through the efforts, procedures and applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq, where they were able to draw a strategy for the years (2016-2020) and a clear road map goals and ambitions to achieve stability Economic growth, financial inclusion, structural and institutional construction, and the optimal investment in human capital through important achievements achieved during the years 2015-2017. The most important of these is the maintenance of inflation by no more than 2% For a hundred and at the level of adequacy of foreign reserves within acceptable rates according to the latest cumulative standard by the International Monetary Fund 0 by 160 percent, which is considered high-adequacy ratio internationally as foreign reserves of Iraq stood up to $ 52 billion. And the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and management of credit and operational risks and the issuance of the law against money laundering 39 for the year 2015 and the development of payment systems and the application of all payments and retail by mobile phone and the establishment of the national division and work on the application of international standards In financial reporting in line with the principle of transparency and disclosure. In addition, the Bank's efforts are exerted daily to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to raise the financial coverage of the population who do not have accounts in the banking system, which actually rose from 11 percent to 22 percent, according to the World Bank Bulletin. In order to restore confidence in the banking sector, the Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance. As well as the establishment of a deposit guarantee company in order to raise the percentage of savings at banks and reduce the proportion of home-made and restore confidence in the banking sector and thus stimulate the economy through the activation of investment and bank financing initiative to finance small and medium projects and supervision and leadership of community initiatives funded by Iraqi banks such as Baghdad project and support the Iraqi Drama Fund and the establishment Two companies for the national financing of large projects and the establishment of a fund for social and humanitarian benefits and take regulatory and structural measures and the development of the depository center in the Iraqi market for securities and the establishment of a national center for Query credit and payments of the Iraqi Council. At the level of international banking relations, the central bank has been able to restore relations with Arab and foreign central banks and deliver the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of the classification of Iraq from gray to follow-up. The governor's visit in 2017 to the UN Security Council and its presentation of achievements, organizational and structural and technical and compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to comply with international credit benefits and the World Bank and IMF and the Financial Action Task Force had a clear impact in promoting economic resilience and victory Financial and a steady pace towards financial sustainability. All these achievements make the Central Bank of Iraq worthy of praise and recognition. I call on the Iraqi national media to read, read and listen to the sincere efforts of the Iraqi people or fight terrorism and build the new Iraq in one and to highlight the achievements and success stories achieved despite all the challenges And one of the most prominent successes achieved by the Central Bank of Iraq. * Economic and banking consultant[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
Today at 5:28 pm by Rocky
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
Today at 5:24 pm by Rocky
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
Today at 2:48 pm by Rocky
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
Today at 2:46 pm by Rocky
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Today at 2:44 pm by Rocky
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
Today at 2:42 pm by Rocky
» PM arrives in Houston as part of his visit to USA
Today at 2:41 pm by Rocky
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
Today at 1:46 pm by Rocky
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
Today at 7:14 am by Rocky
» Iraq is close to launching the electronic signature
Today at 7:12 am by Rocky
» The Basra government discusses with an international oil company the implementation of social benefi
Today at 7:11 am by Rocky
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
Today at 7:10 am by Rocky
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
Today at 7:09 am by Rocky
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
Today at 7:08 am by Rocky
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
Today at 7:05 am by Rocky
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
Today at 7:03 am by Rocky
» An American company expresses its willingness to establish LED lighting production lines in Iraq
Today at 7:02 am by Rocky
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
Today at 7:01 am by Rocky
» Political forces present two options to find an alternative to Al-Halbousi
Today at 6:58 am by Rocky
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
Today at 6:56 am by Rocky
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
Today at 6:54 am by Rocky
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
Today at 6:50 am by Rocky
» Work on preparing a law for diplomatic passports
Today at 6:49 am by Rocky
» A female representative accuses the Ministry of Immigration of corruption
Today at 6:47 am by Rocky
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
Today at 6:45 am by Rocky
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
Today at 6:42 am by Rocky
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
Today at 6:41 am by Rocky
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
Today at 5:31 am by Rocky
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
Today at 5:30 am by Rocky
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
Today at 5:29 am by Rocky
» Decrease in dollar prices in Baghdad and Erbil
Today at 5:27 am by Rocky
» The President of the Region brings together the Kurdish parties to resolve the election file
Today at 5:26 am by Rocky
» Al-Sudani receives in Washington the Chairman of JPMorgan
Today at 5:25 am by Rocky
» Transport is starting to transform its ports into smart ones
Today at 5:23 am by Rocky
» Sudanese reveals the volume of exchange with America
Today at 5:22 am by Rocky
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
Today at 5:21 am by Rocky
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
Today at 5:20 am by Rocky
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
Today at 5:19 am by Rocky
» Iraq is on the verge of a “water disaster” by 2035
Today at 5:18 am by Rocky
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
Today at 5:16 am by Rocky
» Transport is beginning to adopt a plan to transform its ports into smart ones
Today at 5:15 am by Rocky
» Completed 8,000 loan transactions at the Housing Bank
Today at 5:14 am by Rocky
» Prime Minister: We plan to invest production capacities for export
Today at 5:12 am by Rocky
» Transformation and partnership...a new horizon in Iraqi-American relations
Today at 5:10 am by Rocky
» What is new in the economic dimension of the Washington visit?
Today at 5:09 am by Rocky
» Two letters to the future
Today at 5:08 am by Rocky
» National interests first
Today at 5:06 am by Rocky
» Iraqi-American rapprochement...a national necessity
Today at 5:05 am by Rocky
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
Today at 5:04 am by Rocky
» Sudanese carries security, economic and development files to Washington
Today at 5:03 am by Rocky
» Armament and military development... features of a sustainable partnership
Today at 5:02 am by Rocky
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
Today at 5:01 am by Rocky
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
Today at 5:00 am by Rocky
» Sudanese and external necessities
Today at 4:59 am by Rocky
» The Strategic Framework Agreement... 7 important provisions
Today at 4:58 am by Rocky
» Joint statement of the Iraqi-American discussions
Today at 4:56 am by Rocky
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
Today at 4:55 am by Rocky
» Towards an effective bilateral economic relationship between Baghdad and Washington
Today at 4:53 am by Rocky
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
Today at 4:52 am by Rocky
» Al-Sudani’s visit to Washington.. Implications and results
Today at 4:51 am by Rocky
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
Today at 4:50 am by Rocky
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
Today at 4:47 am by Rocky
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
Today at 4:46 am by Rocky
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
Today at 4:45 am by Rocky
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
Today at 4:43 am by Rocky
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
Today at 4:42 am by Rocky
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
Today at 4:41 am by Rocky
» Deputy: We reject the term sanctions, and Iraq is financially independent
Today at 4:38 am by Rocky
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
Today at 4:37 am by Rocky
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
Today at 4:36 am by Rocky
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
Today at 4:34 am by Rocky
» Do the Iraqi political blocs really intend to hold the second early elections?
Today at 4:33 am by Rocky
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
Today at 4:32 am by Rocky
» Progress: Al-Halbousi may return to the presidency of Parliament
Today at 4:30 am by Rocky
» Al-Sudani: Iraq has distinguished relations with Iran and America
Today at 4:30 am by Rocky
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
Today at 4:29 am by Rocky
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
Today at 4:27 am by Rocky
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
Today at 4:26 am by Rocky
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
Today at 4:24 am by Rocky
» Iraq signs 18 memorandums of understanding with Washington
Today at 4:22 am by Rocky
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
Today at 4:21 am by Rocky
» A plan to exploit new lands...the latest developments in the wheat, barley and rice season in Iraq
Today at 4:19 am by Rocky
» Al-Abadi accuses oil companies of causing 70% of the cancer rate in Basra
Today at 4:17 am by Rocky
» Justice announces the formation of a higher committee to resolve the state’s real estate file
Today at 4:16 am by Rocky
» Deputy: Iraq seeks to sign the “Water Protocol” with Türkiye
Today at 4:15 am by Rocky
» Al-Sudani stresses the importance of the American company Lockheed’s commitment to opening military
Today at 4:13 am by Rocky
» The team accompanying Sudanese in Washington: America will hand over to Iraq the antiquities that we
Today at 4:12 am by Rocky
» Al-Sudani sponsors the signing ceremony of memorandums of understanding with American companies
Yesterday at 3:38 pm by Rocky
» MM&C 4/17/24 Saleh: The budget tables are almost complete and will take into account urgent circu
Yesterday at 3:36 pm by Rocky
» Saleh: Private banks in Iraq are considering reorganizing themselves with another government structu
Yesterday at 3:33 pm by Rocky
» Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
Yesterday at 3:32 pm by Rocky
» Minister of Oil: Kurdistan’s exports will soon resume, and the region must hand over its oil to SOMO
Yesterday at 3:30 pm by Rocky
» An economic expert identifies ways for Iraq to get out of oil rents... starting with $350 million
Yesterday at 3:29 pm by Rocky
» Parliamentary Oil: A proposal to establish Iraqi refineries in neighboring countries... and these ar
Yesterday at 3:28 pm by Rocky
» Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy
Yesterday at 3:27 pm by Rocky
» MM&C 4/17/24 Al-Sudani receives in Washington the Chairman of JPMorgan
Yesterday at 2:41 pm by Rocky
» MM&C 4/17/24 US Supports Iraq in joining WTO
Yesterday at 2:36 pm by Rocky
» US Supports Iraq in joining WTO
Yesterday at 10:17 am by Rocky
» utube 4/14/24 MM&C Iraqi Dinar - Iraq Prime Minister in Washington - Coming to
Yesterday at 8:58 am by Rocky