Category: Central Bank Iraq

Beida CBL to issue one dinar coins minted in Russia

The Beida-based Central Bank of Libya is understood to have taken delivery today of a consignment of brand-new one dinar coins minted for it in …

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Saleh: Capital flows boost banking activity

Saleh: Capital flows boost banking activity

10/19/2017

Referendum to transfer its public administrations to Baghdad
Baghdad / Hussein Thugb

The consequences of the referendum in Kurdistan have taken their effects economically expand to be the share of the financial sector is large, where the capital is moved without warning to Baghdad accompanied by the public administrations of banks looking for safety and stability, and the most recent Mosul Bank, which came to the general administration to Baghdad in a step to start a new phase.

Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh told the "morning" commenting on the transfer of money and the general administration of the Bank of Mosul from Kurdistan to Baghdad: "The banks operate in a stable environment, and to get a state of confusion and instability expected in Kurdistan led to the flight of capital, especially financial capital (departments) the public)".

He pointed out that "the flow of funds to Baghdad and public administrations will enhance financial activity." A safe haven and drew Saleh that "the work of banks requires a stable working environment, and that the feet of the province to conduct the referendum generated a state of dissatisfaction with the regional environment of Kurdistan, which in turn made banks to restore their accounts and search for a safer haven and move the activity of its work and thus headed to Baghdad, Mosul.

" He stressed that "
Money escape
specialist financial affairs in Haider Punitive he said: " The banks are inherently looking for capital security for the expansion of activity work," pointing out that " the region is suffering now from the repercussions of the referendum is unconstitutional in more than economic detail, especially the financial sector , which has seen a big wave to escape the money meant Most of which is the capital of Baghdad, which necessitates the authorities to find ideal formulas to deal with these capital and provide safe havens for
them.

" Expansion of investment and drew punitive in an interview with the "morning" that " the transfer of the Bank of Mosul administration to Baghdad is a foregone conclusion for a number of economic losses suffered by the region because of the referendum is unconstitutional, adding that" the money and the departments of banks move to Baghdad comes to enhance the reality of the financial sector And allows it to expand its investments in providing an opportunity to achieve the development goals for which it was founded. "

Informed sources have confirmed that a large monetary bloc moved from Kurdistan to Baghdad because of the unconstitutional referendum, and deposited most of the money in the financial companies in the hope of converting them to the banking system after being dealt with in accordance with legal contexts.

Expansion of the activities of the Chairman of the Board of Directors of the Bank of Mosul Tamkeen Abdul Sarhan said in an interview for "morning" that "the Central Bank granted the bank official approval for the transfer of public administration from Arbil to Baghdad, noting that" this transfer will allow the bank to expand its banking activities, "noting that" The work area in Baghdad is much broader in Kurdistan, especially after the referendum unconstitutional and the accompanying repercussions affected the economic reality in all sectors.

"We are aware of the importance of starting from Baghdad to expand horizontally in all governorates gradually and provide the best banking products that support the process of economic development sought by Iraq," he said.

http://www.alsabaah.iq/ArticleShow.aspx?ID=146259

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Central Bank of Iraq Auctions $138505000 on 19 October 2017

… Iraq (CBI) currency auction on October 19 registered $138,505,000 in sales, a -4.78% volume decline from the US $145,463,091 sold by Iraqi Dinar, …

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Iraqi Dinar Guru opinions 10-18-17

Iraqi Dinar Guru opinions 10-18-17 10-18-2017 Intel Guru Bruce On Saturday Alak became officially the new Governor of the Central Bank of Iraq, the CBI. It was at that time Saturday that he did do an announcement to talk about the Iraqi dinar being an international currency again and the fact his words were there […]

The governor of the Central Bank is discussing with the Security Council important files

The governor of the Central Bank is discussing with the Security Council important files in the first meeting of its kind 2017/10/18 14:10 {Baghdad: Al Furat News} Central Bank Governor Ali Mohsen Ismail discussed with the UN Security Council important files at a meeting of the first of its kind in the world at the […]

The Central Bank withdraws permission to mediate two companies to sell and buy currencies for violating instructions

The Central Bank withdraws permission to mediate two companies to sell and buy currencies for violating instructions
10/18/2017

The Central Bank of Iraq announced on Wednesday the withdrawal of a license to mediate two companies to sell and buy foreign currencies for violating instructions.

The bank said that "in view of the violation of the company Karam friends and Zad to mediate the sale and purchase of foreign currency provisions of the instructions to regulate the work of mediation companies decided to withdraw the leave of establishment of the two companies and withdraw their letter of guarantee issued for the benefit of this bank.

The bank called on the Ministry of Commerce to ‘cancel the certificate of establishment granted to them by them, in addition to removing the names of the two companies from their records and providing the Central Bank with the letter of liquidation certified’.

http://www.ikhnews.com/index.php?page=article&id=160901

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The governor of the Central Bank is discussing with the Security Council important files in the first meeting of its kind

The governor of the Central Bank is discussing with the Security Council important files in the first meeting of its kind
10/18/2017

Central Bank Governor Ali Mohsen Ismail discussed with the UN Security Council important files at a meeting, the first of its kind in the world, at the invitation of him.

"The governor of the Central Bank of Iraq, Ali Mohsen Ismail, met in New York with members of the UN Security Council in the United Nations building, where this meeting is the first of its kind in the world where the Governor of the Bank The Central Bank of Iraq is the first central bank governor to attend such meetings.

" "During the meeting, a detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing was discussed and members of the UN Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the accompanying exceptional circumstances experienced by Iraq."

http://www.imn.iq/archives/201602

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