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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


3 posters

    The Governor of the Central Bank confirms the progress of transition procedures to the digital econo

    Rocky
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    • Post n°1

    The Governor of the Central Bank confirms the progress of transition procedures to the digital econo Empty The Governor of the Central Bank confirms the progress of transition procedures to the digital econo

    Post by Rocky Sat 21 Oct 2023, 10:36 am

    [size=38]The Governor of the Central Bank confirms the progress of transition procedures to the digital economy[/size]


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    October 21, 2023[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: The Governor of the Central Bank, Ali Al-Alaq, confirmed the progress of several measures to move to the digital economy in direct coordination with Prime Minister Muhammad Shiaa Al-Sudani, while pointing to standards that maintain the stability of the exchange rate.
    Al-Alaq said in his speech during the first banking conference of the Central Bank of Iraq, that the conference is being held within the framework of continuing efforts to strengthen the banking sector to achieve a stable, safe and effective financial system in light of the rapid changes, developments and challenges that the world is witnessing in the transformations of the structure, financial systems and work rules and the great progress that accompanies them. In the use of financial technologies.
    He added that following developments to prioritize the infrastructure of financial systems and business rules is the strategic goal to employ this experience in the right and safe directions and to study the risks associated with it.
    He continued that this is done through: consolidating the compliance rules stipulated in the Anti-Money Laundering and Combating the Financing of Terrorism Law No. 39 of 2015, and applying international practices and standards in a way that preserves the integrity of the financial system from local and international risks and procedures, and in a way that ensures the transparency and integrity of financial operations, as well as the transition from Monetary economy to digital economy.
    He pointed out that these rules are what preserve the integrity of the financial system, and even protect Iraq from serious risks, noting that there is a close relationship between the application of these standards and the smooth flow of transfer operations and maintaining the stability of the exchange rate.
    He noted that the phenomenon of the monetary economy constitutes a major obstacle to the optimal employment of cash and the development and stimulation of the economy, and a major challenge to achieving the objectives of monetary policy in achieving monetary stability. It also weakens control and oversight of the movement of funds and increases the risks of financial crimes and illicit practices.
    He stressed that many measures are being worked on regarding the transition to the digital economy, in direct and continuous coordination between the government, represented by Prime Minister Muhammad Shia Al-Sudani personally, the Central Bank, and the relevant authorities.
    On Saturday morning, the first banking conference of the Central Bank of Iraq began in Erbil Governorate.
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    wciappetta
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    • Post n°2

    The Governor of the Central Bank confirms the progress of transition procedures to the digital econo Empty Re: The Governor of the Central Bank confirms the progress of transition procedures to the digital econo

    Post by wciappetta Sat 21 Oct 2023, 11:05 am

    Can't get any more digital than the Forex... that's where we're going.


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    Screwball and Will Cashem like this post

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    Screwball
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    • Post n°3

    The Governor of the Central Bank confirms the progress of transition procedures to the digital econo Empty Re: The Governor of the Central Bank confirms the progress of transition procedures to the digital econo

    Post by Screwball Sat 21 Oct 2023, 7:03 pm

    wciappetta wrote:Can't get any more digital than the Forex... that's where we're going.
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    • Post n°4

    The Governor of the Central Bank confirms the progress of transition procedures to the digital econo Empty Re: The Governor of the Central Bank confirms the progress of transition procedures to the digital econo

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