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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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    Counselor Mazhar Saleh: The international community praised Iraq's financial and banking system

    Rocky
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    Counselor Mazhar Saleh: The international community praised Iraq's financial and banking system Empty Counselor Mazhar Saleh: The international community praised Iraq's financial and banking system

    Post by Rocky Tue 18 Jun 2024, 4:48 am

    [size=38]Counselor Mazhar Saleh: The international community praised Iraq's financial and banking system[/size]


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    June 17, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: Advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.
    Saleh said in a statement followed by Al-Masala, that cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004, indicating that what is published here and there about problems with cash liquidity is far from the established institutional basis of the monetary authority in Iraq. Which is considered one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.
    He added that managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows.
    He stated that Iraq occupied a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks, pointing out that Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering crimes, crime funds, and terrorism.
    He stated that Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, which is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations.
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