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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-Alaq talks about new channels for external transfers and plans to establish a city that is a busi

    Rocky
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    • Post n°1

    Al-Alaq talks about new channels for external transfers and plans to establish a city that is a busi Empty Al-Alaq talks about new channels for external transfers and plans to establish a city that is a busi

    Post by Rocky Sun 18 Jun 2023, 3:17 pm

    [size=30]Al-Alaq talks about new channels for external transfers and plans to establish a city that is a business and financial center
    [ltr]2023.06.18 - 22:17[/ltr]
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    Baghdad - people   
    Today, Sunday, Central Bank Governor Ali Mohsen Al-Alaq announced the launch of strategies to enhance financial depth.  
      
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    The media office of the Central Bank said in a statement, which “NAS” received a copy of, (June 18, 2023), that “the Governor of the Central Bank, Ali Mohsen Al-Alaq, received, today, the Assistant Secretary-General of the United Nations and the Regional Director for the Arab Countries of the United Nations Development Program (UNDP), Abdullah Al-Dardari and his accompanying delegation," noting that "the two parties discussed strengthening bilateral cooperation and discussing the possibility of creating institutional cooperation in the field of development support and the success of development programs that Iraq wishes to implement."  
      
    Al-Alaq stressed that "the contribution of the Central Bank of Iraq to diversify the economy and empower the private sector through an unconventional monetary policy was characterized by direct support and stimulation of the economy," noting that "this bank has adopted many initiatives to support small, medium and large projects, as well as the renewable energy initiative." .  
      
    He added, "The Central Bank of Iraq works with sufficient flexibility that qualifies it to build a distinguished economic model that helps the Iraqi economy by providing various job opportunities in the private sector," announcing "the launch of strategies to enhance financial depth, including the establishment of a Riyada Bank, a loan guarantee company, a financial center for business, and setting priorities for financing Small and medium enterprises as the basic nucleus for economic growth and employment are among the initiatives adopted by this bank.”  
      
    In turn, the head of the delegation, Abdullah Al-Dardari, reviewed the "incentives of international support for Iraq," stressing that "the United Nations Development Program seeks to provide support to the Iraqi banking sector to create greater job opportunities in the private sector."  
      
    The head of the delegation expressed "the desire of the United Nations to create partnership and institutional cooperation in technical fields," stressing "his interest in the initiatives of the Central Bank of Iraq in renewable energy and financing small and micro development projects, as well as the possibility of working to reduce risks in the field of loan support through a conceptual package." It will be a document for a promising development program between the Central Bank of Iraq and the United Nations Development Program (UNDP).  
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    Rocky
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    • Post n°2

    Al-Alaq talks about new channels for external transfers and plans to establish a city that is a busi Empty The Iraqi Central Bank is moving to open new channels for external transfer

    Post by Rocky Sun 18 Jun 2023, 3:20 pm

    The Iraqi Central Bank is moving to open new channels for external transfer



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    2023-06-18 14:40
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    Shafaq News / The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, noted, on Sunday, the possibility of opening new channels for external transfer of hard currency, and raising the rate of daily transfers.



    This came during the periodic meeting of governmental and private banks, which was held in Baghdad, according to a statement received by Shafaq News Agency, and witnessed a discussion of a number of projects that are consistent with the requirements of the economic reality in Iraq.
    Al-Alaq stressed that these projects establish a qualitative shift in the Iraqi economy and enhance its stability, revealing at the same time the project to establish a Riyada Bank, and the project to establish a loan guarantee company that facilitates the lending process for medium, small and micro enterprises.
    He referred to the direction of the Central Bank of Iraq, in cooperation with the government and the contribution of the financial, banking and business sectors, to establish a "city of financial and business center in Iraq."
    Al-Alaq participated in the discussions put forward by a group of banks regarding the Central Bank’s initiatives, the relationship between banking institutions and customers, and what is related to developing mechanisms for entering the electronic platform for selling foreign currency.
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