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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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    The Iraqi Central Bank discusses the banking reform file with the World Bank

    Rocky
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    The Iraqi Central Bank discusses the banking reform file with the World Bank Empty The Iraqi Central Bank discusses the banking reform file with the World Bank

    Post by Rocky Thu 24 Aug 2023, 3:26 pm

    [size=33]The Iraqi Central Bank discusses the banking reform file with the World Bank[/size]
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    Zagros Arabia - Erbil

    Today, Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with a high-level delegation from the World Bank headed by Farid Belhaj, Vice President of the World Bank for the Middle East and North Africa, the efforts made by the bank in organizing and safeguarding external transfers in accordance with compliance requirements and international standards and encouraging merchants to Login to the online platform.

    During the meeting, according to a statement issued by the Central Bank's media, they discussed "the efforts of the Central Bank of Iraq to organize and consolidate external transfers in accordance with compliance requirements and international standards, and to encourage merchants to enter the electronic platform to buy dollars by providing facilities and simplifying tax and customs procedures that the government is making anticipated amendments to." on her" .

    The meeting discussed granting small loans through the "Riyada" bank, which will be responsible for providing various loans with the support of the Central Bank of Iraq and private banks, and working to establish a loan guarantee company, as well as paying attention to compliance and risk standards for the development of the banking sector.

    The meeting also dealt with "the conditions of government banks, which constitute approximately 80% of the size of the Iraqi banking sector, and dealt with plans to improve their work, including amending their internal systems to implement institutional governance issued by the Central Bank, and plans to restructure those banks."

    In turn, the delegation praised the efforts and procedures of the Central Bank of Iraq at all levels, expressing its readiness to provide any advice or technical expertise in these areas and to continue implementing the programs it is working on with the Central Bank.

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