OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
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MONEY 103: COMING SOON
MONEY 104: COMING SOON

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  • harry's Avatar
    11-15-2017, 09:20 AM
    The IMF and the World Bank plan to lend Iraq $ 3 billion 11/15/2017 The governor of the Central Bank Ali al-Alaq, on Wednesday, the intention of the International Monetary Fund and the World Bank to launch a new batch of loans up to three billion dollars, while pointed out that the coming period will see the merger of some commercial banks with each other. Al-Aalak said in statements published by the official newspaper "Sabah" that "the IMF aims to be deficit in the federal budget for Iraq for the year 2018 does not exceed 15 trillion dinars, and this is what we seek and I think we implicated this figure in the budget, as the price of a barrel of oil up to 43 dollars and the same Export volumes in the 2017 budget ". He added that "the International Monetary Fund after the completion of the budget and some other simple requirements will provide the beginning of next December to the Board of Directors meeting recommendations, and if the report is positive and consistent with the program will be launched other payments and start the payment before the end of this year and the amount of 150 million dollars from the IMF And about one billion dollars from the World Bank and other amounts from the seven industrialized countries to reach the combined amounts to nearly 3 billion by the end of this year. As for the commercial banks, Alaq pointed out that "the number of large and the future will see the integration of these banks, as happened in all countries of the world, starting with a large number and then ends with a specific number, but they are large banks, stressing that" the Central can not push and force banks to integrate but in practice and practical experience Will in the future adopt a merger and reduce the number. " http://www.knoozmedia.com/280575/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%B9%D8%AA%D8%B2%D9%85%D8%A7%D9%86-%D8%A7%D9%82%D8%B1-2/
    0 replies | 85 view(s)
  • harry's Avatar
    11-19-2017, 08:44 AM
    Experts for the «morning»: reforms bring Iraq closer to the World Trade Organization 11/19/2017 At a time when the delegation of the National Committee on Iraq's accession to the World Trade Organization (WTO) in Geneva held a series of consultative meetings with experts in this field, two economic experts said that the reform measures of the Iraqi government bring Iraq closer to joining the organization. Thamer Al-Azzawi told Al-Sabah: "The government's reforms, which began more than two years ago, will prepare for accession within the next few years. " The role of Iraq, al-Azzawi pointed out that «Prime Minister Dr. Haider Abadi succeeded in implementing a package of economic reforms have borne fruit internally and externally, and won the confidence of the international community, which means increasing the world's conviction of Iraq's economic role, especially as the country began to gradually reduce dependence on oil returns Crude, but to export and achieve self-sufficiency in various sectors, which brings Iraq closer to the world organization ». Iraq has been accepted as an observer member of the organization in 2004, and its full membership requires several legal and legislative measures and the change of other laws in line with the laws of the international organization of 160 countries and there are 21 member States observer. Correct steps in turn, said an expert on Foreign Relations Saad Muhammadawi: that «Iraq has started to make true strides towards the advancement of its economy and cemented it, after the government reform measures.» "These reforms have won the confidence and respect of the neighboring countries, the region and the world, which has opened the appetite for seeking to join the Organization and Iraq is strong, especially after the victory over the terrorist", he added. The expert expected that Iraq will join the Organization during the next five years, provided it continues to implement reforms, and the promotion of productive sectors such as industry and agriculture. In the meantime, the Director General of the Department of Foreign Relations in the Ministry of Commerce, Adel Khudair Abbas, head of the delegation and Vice-Chairman of the National Committee on Iraq's accession to the World Trade Organization WTO on behalf of the Minister of Commerce, Dr. Salman Jumaili, said that «the delegation included the Directors General Customs and Standardization and quality control and adviser Central Bank and accession file officials in the WTO section ». A series of meetings added in a statement received «morning» copy, that «the delegation held a series of meetings with specialists in the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO) to confirm the desire of Iraq to complete the files to join the World Trade Organization, and be Part of the international economic system ». Acquisition of membership He pointed out that "the government efforts aimed at the accession of the Republic of Iraq to the World Trade Organization continue and lead the efforts of the National Committee (the national team) to join the organization, which is headed by the Minister of Commerce, and includes in its membership several representatives of the ministries concerned and learn from the history of the World Trade Organization and the experiences of countries that The accession process of this international organization may extend for several years, as well as the stage following the acquisition of membership may raise many important issues and effects and serious challenges that require attention and knowledge and skill in dealing with them and predicting the occurrence of the And his legal team negotiating a comprehensive and detailed specific Obligations and the required reforms in the institutions and practices and economic policies required by Iraq's accession to the World Trade Organization have profound economic implications. » http://www.alsabaah.iq/ArticleShow.aspx?ID=147744
    0 replies | 75 view(s)
  • harry's Avatar
    11-17-2017, 09:20 AM
    The text of the resolution passed by parliament on the salaries and allocations of popular mobilization 11/17/2017 The House of Representatives voted in its session Thursday on a resolution on the salaries and allowances of the popular crowd volunteers. A parliamentary source said that "the parliament voted, during today's session, on the wording of a decision on the salaries and allowances of volunteers of the Popular Propaganda Authority." Article (52) Paragraph 1: "The Council of Ministers shall include the necessary specializations or transfers to ensure the implementation of the provisions of the Law of the People's Assembly in respect of the salaries and allowances for the volunteers of the Commission equal to their counterparts in the armed forces" . He added that "the decision that was voted today included discussing the service law and retirement of the popular crowd and vote on it and send it to the House of Representatives quickly for the purpose of voting on him and determine the legal description of the members of the crowd in accordance with the controls in force." He explained that "the budget of 2018 must include the full rights of members of the popular mobilization in accordance with the above laws and equality with their counterparts in the armed forces, as well as a vote on the calculation of the salary differential for members of the popular mobilization in accordance with the above laws and as of 1/1/2017. The House of Representatives held, earlier in the day, Thursday, chaired by Deputy Speaker Hamam Hamoudi and the presence of 181 deputies, while a parliamentary source said the session will vote on 11 laws and decisions, including a resolution on salaries and allocations of popular mobilization. http://www.skypressiq.net/2017/11/16/%D9%86%D8%B5-%D8%B5%D9%8A%D8%BA%D8%A9-%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%8A-%D8%B5%D9%88%D8%AA-%D8%B9%D9%84%D9%8A%D9%87-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%A8%D8%B4%D8%A3%D9%86-%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-%D9%88%D9%85%D8%AE%D8%B5%D8%B5%D8%A7%D8%AA-%D8%A7%D9%84%D8%AD%D8%B4%D8%AF-%D8%A7%D9%84%D8%B4%D8%B9%D8%A8%D9%8A
    0 replies | 75 view(s)
  • harry's Avatar
    11-15-2017, 09:17 AM
    In figures .. Know the expenses and revenues and deficit balance of 2018 11/15/2017 A member of the Finance Committee parliamentary Ahmad Hama Rashid, Wednesday, that the draft federal budget for the year 2018 initial amounted to 108 trillions dinars as a public expenditure, indicating that the revenues amounted to 85 trillion. Hama said in a statement that "public expenditure in the preliminary draft of the budget law for the year 2018 amounted to 108 trillion dinars, while the revenue amounted to 85 trillion," noting that "the deficit amounted to 22 trillion and 700 billion dinars." He added that "the share of the region has been reduced by 5%, and this is contrary to previous agreements, which estimated the proportion of the budget of the province by population census," noting that "all Kurdish blocs will announce their withdrawal from the voting session in the event the government insisted on reducing the proportion of the region." The parliamentary finance committee was expected on Wednesday, delayed the arrival of the draft federal budget bill 2018 to the end of November. http://www.knoozmedia.com/280650/%D8%A8%D8%A7%D9%84%D8%A7%D8%B1%D9%82%D8%A7%D9%85-%D8%AA%D8%B9%D8%B1%D9%81-%D8%B9%D9%84%D9%89-%D9%86%D9%81%D9%82%D8%A7%D8%AA-%D9%88%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%88%D8%B9%D8%AC%D8%B2/
    0 replies | 73 view(s)
  • harry's Avatar
    11-19-2017, 09:57 AM
    Expert: The parties have placed a "politicized governor" of the central bank to intervene in his policies 11/19/2017 expert Salam Samisem said on Sunday that the political parties put a political governor of the Central Bank to ensure the benefit of the bank and to intervene in its policies, while pointing out that the central bank must be completely independent and build its economic policy on the basis of science and before Owners exclusively. "The political parties have put a conservative governor of the Central Bank to take care to take advantage of the bank and intervene in its policies," she said. "The former central bank governor Sinan al-Shabibi was removed from his position because he was refusing and preventing the interference of political parties. The policies of the bank as it was independent without political affiliation. " The economic expert said that "the political blocs benefit from their interventions in the Central Bank, such as benefit from the sale of foreign currency and other things," stressing that "the Central Bank must be fully independent and to build its economic policy on the basis of scientific and by specialists exclusively without interference Political. " Earlier, Samisem confirmed that the central bank's foreign currency reserves had declined by one third due to several factors. She pointed out that many economists had warned against the danger of dependence on cash out of the monetary reserve, which represents the most important guarantee of financial stability and support the currency. Of the country. On February 20, 2017, the central bank governor Ali Al-Alak mentioned that Iraq had surpassed the biggest financial challenges it faced last year, adding that it also managed to maintain an acceptable level of cash reserves. http://aynaliraqnews.com/index.php?aa=news&id22=86834
    0 replies | 68 view(s)
  • harry's Avatar
    11-17-2017, 09:23 AM
    Pentagon announces numbers of Americans present in Iraq 11/17/2017 The US Defense Department said Friday that more than 5,000 troops are deployed in Iraq. "The number of our troops in Afghanistan is about 14,000, with about 503 operating in Syria and 5262 in Iraq," said Kenneth McKinsey, director of US Joint Chiefs of Staff, during a briefing at the Pentagon on November 16, 2017. "He said. The United States is leading an international coalition against a pro-Syrian organization that has been waging a campaign of "firm resolve" against insurgents in Iraq and Syria since June. http://www.skypressiq.net/2017/11/17/%D8%A7%D9%84%D8%A8%D9%86%D8%AA%D8%A7%D8%BA%D9%88%D9%86-%D9%8A%D8%B9%D9%84%D9%86-%D8%A7%D8%B9%D8%AF%D8%A7%D8%AF-%D8%A7%D9%84%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D8%A7%D9%86-%D8%A7%D9%84%D9%85%D8%AA%D9%88%D8%A7%D8%AC%D8%AF%D9%8A%D9%86-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82
    0 replies | 68 view(s)
  • harry's Avatar
    11-15-2017, 09:06 AM
    The House of Representatives votes to encourage investment with Iran and amend the law of the Central Bank 11/15/2017 BAGHDAD / AL- SABAH The House of Representatives voted yesterday on two laws, ending five draft laws and proposals. At the start of the 30th regular session, which was held under the chairmanship of First Deputy Speaker of the House of Representatives Sheikh Hammam Hamoudi and 170 deputies on Tuesday, the chairman expressed condolences and condolences to the families of victims of the earthquake and called for giving full attention to the affected areas. Then the Al-Fatihah Council recited a recitation of the souls of the victims of the earthquake and the spirit of my two deputies. Sheikh Hamoudi, on behalf of the Iraqi People's Assembly, praised his outstanding performance in hosting visitors in the fourteenth of Imam Hussein. The visit turned to the world's attention. He thanked the security services, the competent ministries and the concerned governorates for their role in securing and success of the 40th visit. Working to accommodate visitors The success of this event represents a popular success. The Council voted on the draft law on the ratification of the Mutual Encouragement and Protection of Investments between the Government of the Republic of Iraq and the Government of the Islamic Republic of Iran, submitted by the Committees of Foreign Relations, Economy and Investment for the purpose of benefiting from the economic resources and facilities available in the investment fields of the Contracting Parties and to create the appropriate conditions for the investments of their nationals in the territory of the other party. Of the Convention. The Presidency decided to postpone the vote on the draft law amending the law of the Association of Accountants and Auditors, submitted by the committees of civil society, financial and legal to the meeting on Saturday. The Council completed the vote on the Second Amendment Bill to the Central Bank of Iraq Law No. 56 of 2004 on the Coalition Provisional Authority (CPA) submitted by the Financial, Economy and Investment Committees for the purpose of increasing the capital of the Central Bank of Iraq and keeping pace with the global economic development. The Board of Directors of the Bank from outside the Bank and the formation of the Audit Committee and the issuance of commemorative coins and the imposition of interest on loans granted by the bank to commercial banks and to keep his money from the bookings issued by judicial decisions. The Presidency postponed voting in principle on the draft law on the lease of agricultural land, submitted by the committees of agriculture, water, Marshlands, finance, economy and investment. The Chamber of Deputies also ended the first reading of the draft law on the ratification of the United Nations Convention on Transparency in State-to-State Arbitration of Investors and States submitted by the Committee on Foreign Relations in order to apply the rules of transparency in the equitable settlement of disputes in treaty-based investor-state arbitration and the promotion of good governance and ratification of the Convention. The Council completed the first reading of the proposed amendment to Law No. 13 of 2011, submitted by the Legal Committee in order to allow a larger segment to contribute to the provision of services to citizens within their areas of work and to further strengthen the role of the electors as the link between the citizen and the local government. The session witnessed the first reading of the draft law of the Sixth Amendment to the Implementation Law No. (45) of 1980 submitted by the Legal Committee for the purpose of guaranteeing the rights of the State through the non-implementation of the decisions against them only after acquiring the absolute degree and guaranteeing the right of the wife to obtain her legitimate right without injustice and stability of transactions In determining who is responsible for paying the fees. The Council also completed the first reading of the proposed law of the National Commission for the Protection of Peaceful Coexistence submitted by the Endowment, Religious and Legal Affairs Committees for a cohesive, tolerant and tolerant society capable of confronting terrorism, violence, sectarianism and hatred and to absorb the efforts exerted in the field of peaceful coexistence by the Iraqi Council of Representatives. The Council concluded the reading of a report and discussion of the proposed Bill of Babylon, the cultural capital of Iraq, submitted by the committees of culture, information, law, tourism and archeology. In the interventions of Representatives MP Riad Gharib said that the promotion of the tourism sector contributes to the development of the Iraqi economy and the diversification of its resources, calling for the global spotlight on the civilization of Babylon. MP Abbas al-Bayati pointed out that Iraq is the cradle of civilizations and it is important to make the law an outlet for marketing the effects of Iraq spread in many areas of it, noting the importance of paying attention to the effects through embassies abroad with the establishment of a series of festivals and annual activities in this regard. MP Mutashar al-Samarrai said that the development of a clear strategy to invest Iraqi antiquities will contribute to support Iraq's financial budget. In response to the interventions, the relevant committees stressed the work hard to implement the proposals of deputies after the vote on the proposed law. http://www.alsabaah.iq/ArticleShow.aspx?ID=147515
    0 replies | 65 view(s)
  • harry's Avatar
    11-19-2017, 09:50 AM
    Jubouri is awaiting a parliamentary "inquiry" after returning from Washington 11/19/2017 MP for the coalition of state law Ahmed al-Badri, on Sunday, the intention of the deputies to submit a "query" to Parliament Speaker Salim al-Jubouri on statements made in Washington on the survival of US forces in Iraq, expressing his surprise at these statements and timing. Al-Badri said in a statement that "the statements made by the Speaker of the House of Representatives Salim al-Jubouri on the need for the survival of US forces in Iraq in conjunction with the end of the urging and seeking to secure the border efforts of security forces is surprising and disrespectful." He added that "these claims are not taken formally and does not represent the House of Representatives at all but is considered personal and does not carry any political value." Al-Badri said that "the deputies will submit an inquiry to al-Jabouri immediately after his return from Washington to justify his position and issue an official statement on his statements in which he supported the survival of US forces in Iraq." http://www.knoozmedia.com/281977/%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D8%A8%D8%A7%D9%86%D8%AA%D8%B8%D8%A7%D8%B1-%D8%A7%D8%B3%D8%AA%D9%81%D8%B3%D8%A7%D8%B1-%D9%86%D9%8A%D8%A7%D8%A8%D9%8A-%D8%A8%D8%B9%D8%AF/
    0 replies | 64 view(s)
  • harry's Avatar
    11-16-2017, 08:55 AM
    Abadi's office comments on the KRG statement 11/16/2017 The spokesman for Prime Minister Saad al-Hadithi's office said on Thursday that the KRG's declaration of respect for the Federal Court's interpretation of article 1 of the constitution was "an abrogation of the referendum," as he put it. "The Federal Court has issued a decision in this regard, and the commitment to this decision means to return to the referendum and cancel him, and we look at him from this angle," said al-Hadithi in statements by Sky Press, in response to a question about the requirement of the federal government to cancel the referendum to start a dialogue with the Kurdistan Regional Government, . Al-Hadithi added that "the Federal Court has already issued a resolution confirming that the Constitution affirms the unity of Iraq and prevents the separation of any party from it. Therefore, the consideration of the matter from this angle makes us go to procedural steps to reach consensus and understandings and then we can talk about engaging in political dialogue." On Tuesday, the KRG expressed its respect for the Supreme Court's interpretation of article 1 of the constitution, stressing that this should be the basis for initiating a comprehensive national dialogue to resolve the entire constitutional dispute. http://www.skypressiq.net/2017/11/16/%D9%85%D9%83%D8%AA%D8%A8-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D9%8A%D8%B9%D9%84%D9%82-%D8%B9%D9%84%D9%89-%D8%A8%D9%8A%D8%A7%D9%86-%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%82%D9%84%D9%8A%D9%85-%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86
    0 replies | 64 view(s)
  • harry's Avatar
    11-15-2017, 09:26 AM
    Because of its cooperation with the movements of the resistance and Iran .. America recognizes sanctions against the Iraqi resistance movement 11/15/2017 The US Congress has passed a law requiring the US administration to impose sanctions against the Iraqi intelligence movement within 90 days because of its activities against the US occupation and its coordination with the Islamic Republic, as well as its participation in the war against criminal groups in Syria! On Monday, November 13, 2017, the official website of the US Congress published a report on "US Congressional Law to Ban Iran's Agents in the Area in 2017." Among the "crimes" committed by the unknown movement and the adoption of the new penal code is to participate with the axis of resistance in the war against the criminal groups in Syria and supported by America, Saudi Arabia and the Zionist entity. The report added that the Secretary-General of the movement of the noble Sheikh Akram al-Kaabi, according to the announcement of the US government participated in the bombing of the US occupation forces in the Green Zone in Baghdad with mortars in 2008. America believes that any Iraqi cooperation with the Islamic Republic is a crime according to its laws! Support for Hezbollah and Islamic resistance movements, which threaten the US presence in the region, has also fueled anger among resistance movements. The US Congress in its report confirmed its full support for the Zionist entity of the usurper, declaring that in 2017 the official spokesman for Al-Nuba'a announced the establishment of a brigade in the Al-Nabaa movement whose task is to liberate the occupied Syrian Golan from the clutches of "Israel" and that this movement plays an important role in securing the road between Iran And Lebanon to deliver military aid to the Lebanese Hezbollah. The US Congress finally explained how the law would be implemented in the following way: The US president should enforce the law's ban on Islamist resistance and the responsible and associated foreign figures in a period of no more than 90 days. http://www.knoozmedia.com/280730/%D8%A8%D8%B3%D8%A8%D8%A8-%D8%AA%D8%B9%D8%A7%D9%88%D9%86%D9%87%D8%A7-%D9%85%D8%B9-%D8%AD%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%82%D8%A7%D9%88%D9%85%D8%A9-%D9%88%D8%A7%D9%8A%D8%B1%D8%A7%D9%86/
    0 replies | 64 view(s)
  • harry's Avatar
    11-16-2017, 08:45 AM
    Central puts a 700% fine on banks that deposit counterfeit cash 11/16/2017 The central bank announced on Thursday that fines for banks that deposit counterfeit money will be increased to 700 percent, while fines for banknotes will be fined from 100 percent to 250 percent. "In order to limit the appearance of counterfeit securities, spreads, excesses, different categories and the emergence of foreign currency notes in your deposit with this bank, it has been decided to increase fines for these cases," a statement by the bank said. Including the banknotes counted and counted as of November 11 present. The statement added that "the percentage of fines for counterfeit banknotes will be increased from 500% to 700% with compensation by the bank, and a fine will be imposed on the shortage discovered in the banknotes from 100% to 250% with compensation for the shortfall," adding that " Collect 5% of the value of the buried banknotes ". He stressed that "the increase in deposits will be confiscated and deposited in the account of revenues of the Central Bank, in addition to the confiscation of different groups discovered in bank deposits of Iraqi banknotes as an increase from the papers authorized by you with the compensation of the shortage," noting that " Foreign cash discovered within the Iraqi banknotes and recorded revenues of the Treasury General " http://www.knoozmedia.com/280974/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B6%D8%B9-%D8%BA%D8%B1%D8%A7%D9%85%D8%A9-%D8%A8%D9%86%D8%B3%D8%A8%D8%A9-700-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7/
    0 replies | 58 view(s)
  • harry's Avatar
    Yesterday, 08:39 AM
    Contribution of banks to development 11/20/2017 International organizations have noted progress in the Iraqi financial sector after a journey of suffering due to policies that have been followed for decades that have led to a decline in economic reality in general. And this progress witnessed by the joints of the financial sector did not come out of the vacuum, but there are new systems, policies and mechanisms of work adopted by the father of this sector and means this individual Central Bank of Iraq, the main regulator of the reality of the financial sector and assesses through the mechanisms of the functioning of the banking system, especially the private which is expanding significantly . That the advancement from under the rubble and work hard task faced with major challenges and whatever the development of mechanisms of action we need more, and here we find that the Iraqi Central closely follows the reality of work and guide the evaluation, and the removal of banks from the reality of financial crimes in all forms after the banks have the ability to prevent Cases of money laundering and terrorism financing, as well as banking awareness, which is an important element in the banking system. Here we can say: The reality of the situation requires that we turn to the developmental aspects after the completion of regulatory measures with the great interaction witnessed by the last phase between banks and the Central Bank. And we have a large banking system represented by local banks and branches of major foreign banks operating in Iraq, and this device can support the stages of development through the performance of this device functions in a way that benefits the parties, and can follow the local banks and branches of foreign banks and know the extent of their contribution to the developmental aspects in Iraq, especially that the international capital wants to work in Iraq to the abundance of employment opportunities, let alone banks are already in Iraq, the task of work is easier and greater economic feasibility. The banking system around the world has witnessed great technical breakthroughs and can be used in Iraq through the branches of international banks located here, through activating cooperation with them to a large extent and the local competencies in these branches to acquire the necessary expertise, as the volume of work in Iraq is very large and absorb more efforts. At the same time, we can not deny that we have banks that have exceeded the large stages in the possession of technologies and find them in a clear interaction with the public and provide the necessary services, including major and modern, did not exceed the capital of 100 billion, which alerts that our banking system is able to support development and needs to know How much contribution to this matter, and here comes the role of the concerned authorities to organize this process and the classification of banks according to that and take care of the most prominent ones. http://www.alsabaah.iq/ArticleShow.aspx?ID=147798
    0 replies | 54 view(s)
  • harry's Avatar
    11-15-2017, 08:56 AM
    (IBAN) in banking transactions11/15/2017 Mohammed Sharif Abu Maysam In a move to give optimism to the advancement of the banking industry in the country Rafidain Bank circulated lists containing a digitally organized accounts of its branches accredited internationally (IBAN) to all banks, government and private IBAN is a shortcut to the International Bank Account Number ), A unique and unified formula internationally agreed to the bank account number in order to carry out transactions for banking transactions and facilitate electronic transfers between branches of banks in the world, in the sense that it is a digital organization of the accounts of branches and customers in the global banking sector is not a new bank account number, Is the same as the special bank account number for any branch or citizen with numbers and letters from the left side. IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations, and makes cheating almost impossible, but the use of IBAN in local remittances may be non-mandatory. When an IBAN is applied in a country, all transfers of funds received and exported between this country and the other registered countries must be accepted and processed. All banks and financial institutions should apply this, but they do not have to be dealt with domestically, Development in trading and financial transactions. This is a promising step that will encourage us to be optimistic and ask. At the same time, it is the starting point for engaging in the digital banking industry, which will oblige other government and private banks to take rapid steps. This will establish a banking industry that will upgrade the global banking industry. Unless this system enters the entire Iraqi banking sector. And work is a positive indicator and catalyst for the potential flow of investment funds within the country, as well as its role in the removal of classical methods in the performance of banking because the work requires a digital infrastructure and the support of an employee and an integrated system of the system of electronic payments. And here is the question about the time taken by the processes of preparation for the introduction of electronic systems, and the seriousness of some government and private banks in the introduction of these systems, which remained stalled until now? Will we see in the coming days a serious and mandatory work to introduce all technologies into force? http://www.alsabaah.iq/ArticleShow.aspx?ID=147502
    0 replies | 53 view(s)
  • harry's Avatar
    11-19-2017, 09:20 AM
    Harthy: reducing the share of Kurdistan from the budget of 2018 will add 9 million dollars 11/19/2017 "The reduction of the share of northern Iraq from the federal budget 2018 will add to the budget next year, 9 million dollars to it," said Deputy Chairman of the Committee on Economy and Investment Representative Harith al-Harithi.Al-Harithi said in a press statement that the change in the financial share of Kurdistan within the federal budget will lead to many changes in the next budget, adding that the $ 9 million achieved by the Ministry of Oil during the past 10 months, will be added to the next budget. Al-Harithi added that revenues generated from airports, border crossings and customs will change the figures and figures in the budget, which will lead to a new formulation.It is noteworthy that the adviser to the Prime Minister for Economic Affairs, the appearance of Saleh said earlier that what the media are talking about reducing the share of Kurdistan in the draft budget of 2018 from 17% to 12% only drafts have not yet adopted by the government and that talk about them "just speculation. " Saleh stipulated the delivery of Kurdistan revenues to the treasury of the state in return for receiving his share of the draft federal budget law of Iraq 2018. http://aletejahtv.org/permalink/192189.html
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  • harry's Avatar
    11-15-2017, 09:00 AM
    Organizing the banking exhibition to settle salaries 11/15/2017 General Secretariat of the Council of Ministers and in cooperation with the Central Bank and the Association of Iraqi Banks special day, the banking fair to settle salaries. The Executive Director of the Association of Iraqi Private Banks Ali Tariq said: "The trend towards the development of banking services is a necessity to start a new phase of banking work depends on advanced technologies, to be closer to the global by our banking sector." Tariq pointed out that "14 private and government banks will participate in the banking fair to settle salaries, which is the first steps of financial communication that strengthens the relationship between the citizen and the banking sector and works to create confidence again after having seen cracks in more than one place. He added that "the project of the settlement of salaries is one of the projects of financial inclusion, which pulls the cash block Almtznz in homes by dealing with more than 4 million government employees with banks," pointing out that "the project will raise salaries will increase the banking services for employees." "Tariq said that" plans to develop the banking reality continues and there is a great focus on the need to guide all banks towards advanced banking technologies that benefit all economic operations and ensure the path of money in the right direction. http://www.alsabaah.iq/ArticleShow.aspx?ID=147503
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  • harry's Avatar
    11-19-2017, 08:55 AM
    The final victory over the "Iraq" reinforces Iraq's international standing 11/19/2017 BAGHDAD / Muhannad Abdul Wahab - Shaima Rashid After the great historic victory achieved by our armed forces on Friday, the liberation of the district of Rawa, the last cave of the group "Da'ish" terrorist, and the declaration of Iraq completely military editor of the "da'ash" terrorist; MPs said that the strategic importance of these victories lies in Iraq has received great respect and prestige in the international community and the Iraqi neighborhood as a country that has been able to defeat "calling" and therefore there will be a great openness to Iraq internationally, which will provide great opportunities for investment in the country by society The international, at a time called for the deputies to consider the day of expulsion "calling" and the liberation of the entire Iraqi soil an official holiday and a national holiday to be celebrated every year. "The strategic dimensions of the final victory over the terrorist advocate and the liberation of Iraqi territory lies in the fact that the Iraqis proved that they are a military force capable of protecting the borders of the country and its independence through its expertise and its outstanding performance," said MP Abbas al-Bayati. "He said. Al-Bayati told al-Sabah that "victory over terrorism has achieved national unity through a leadership that has managed to bring together all the components of the Iraqi people and strengthen its national unity through which Iraq was able to confront the most powerful groups of terrorism." He also called for " Which should be based on the realization of this unity, which has become the cornerstone of internal and external political movements in the future. " And that "the victories achieved other important goals, including strengthening the role of Iraq, regional and international as Iraq has received great respect and high standing in the international community and the Iraqi neighborhood to be considered a country was able to defeat a supporter and therefore there will be great openness on Iraq internationally, which will provide great opportunities for investment in Iraq from Before the international community. " Al-Bayati pointed out to the importance of political calm and political discourse, which must be relied upon by political forces through the victory, which was an important reason for the transformation of Iraqi political thought for all components, as all components ensured that the political differences were the main gap to enter the call to Iraq, The existence of red lines and must maintain the minimum political consensus, "He pointed out that" the important dimension of the victories is to achieve a quantum leap in the Iraqi economy through investment through the flow of countries to invest in Iraq as a large country, and will contribute to reconstruction and construction and therefore Iraq will be attractive The interest of regional and international. " The end of the myth of his part, Park MP from the coalition of Iraqi forces Abdul Kahar Samurai "complete the liberation of another spend was controlled by terrorism and freeing all Iraqi territory and return to the bosom of the nation from the grip of Daesh terrorist." "The victories that have been achieved for the Iraqis ended the myth of an alleged state, and thanks to these victories unite all Iraqis as one front against terrorism," he said in an exclusive statement to al-Sabah. "The military page is close to the end and will show the important page in the fight against corruption, . The MP said that "the province of Anbar has recovered from the victories, and therefore we see that the flash of good launched from Anbar by the army's victories on terrorism, and prepare for the preservation of the reconstruction and infrastructure," noting that "the next stage is very important for the Iraqi state and the Prime Minister to take the momentum of victories And achieve the momentum of new victories and return the displaced and displaced persons to their regions and start the battle to eliminate corruption and harvest his head and we will be with him strongly. He added that "Iraq through an important stage of the presence of direct occupation of its territory and we have to fortify our borders and we hope the countries surrounding Iraq to help us to protect our borders in accordance with security and intelligence agreements to prevent the entry of terrorists," and pointed to "the importance of the next stage that the government should go to build the economy And the elimination of corruption and the opening of investments in order to strengthen the Iraqi economy and the return of Iraq to the economically important countries in the region. Fighting the corruption For his part, said MP from the Kurdistan Alliance Majid Shankali that the strategic importance of the victories on the "Daash" lies in the direction of Iraq to build and reconstruction and fight corrupt. He pointed out in a special statement to Al Sabah, "the importance of victories and the completion of the preacher, that Iraq go to spend what it was spending from financial allocations to develop the Iraqi economy and build the affected and liberated areas and build a new Iraq based on citizenship," and pointed to " All the previous files of corruption because it was one of the main reasons for the entry of a preacher to Iraq and the recovery of all the money smuggled to the Iraqi treasury again. " National Day In turn, the deputy of the Badr parliamentary bloc, Razak Muhaibis, to make the day to expel the organization "Da'ash" from Iraq an official holiday is celebrated every year. Muhibis said in an interview: "The terrorist group Zadmr practiced the most heinous crimes and destruction, which we consider a difficult and harsh phase of the life of Iraq, so the day of complete liberation and the expulsion of these terrorist groups from our territory and eliminate it is a joy for all Iraqis." He added that "the day of expelling Dahesh is a historical occasion worthy of being included in the events and official holidays that are celebrated every year," noting that "the draft law of public holidays is currently being discussed in the House of Representatives and within the parliamentary culture committee," Mohebs, "The need to put the parliamentary culture committee the idea of ​​adding an evasive expulsion day from our lands within the draft law as an annual occasion to be voted within the draft law of public holidays." A strong Iraq For his part, said political analyst Najm al-Qasab that the victory achieved on the organization of the preacher and the latest in Rawa is not attributed to a person or party or sect, but is a victory for all Iraqis and the concerted efforts of politicians and the Iraqi government headed by General Commander of the Armed Forces Haider Abadi. Al-Qassab told Al-Sabah: "The military operations proved to the world that Iraq today is very different from what it was before, and this must be taught in universities and military colleges that Iraq was able to fight this organization." He added, "Iraq should invest its victories and look at the reasons of entry "Iraq today is living a new phase and the government has many challenges, including trying to strengthen trust between citizens, the political class, local governments and the central government," he said. Securing the border to this, he said security expert Fadel Abu loaf, that "these victories must that inflict many measures , including preventing the entry of terrorists and securing the rest of the west of the Euphrates areas and secure border crossings and secure wet and cut off supply reverse lines and others." Abu Ragheef told al-Sabah: "There must be a return to life, economy, construction and the restoration of life to its predecessors in the liberated cities. These victories should be invested on a political level by reassuring all the countries of the world, especially the neighboring countries, that Iraq is safe. At the internal level that there are no fears of the return of this organization again, "praising the role played by the people of Anbar in the achievement of these victories, which had a great footprint. http://www.alsabaah.iq/ArticleShow.aspx?ID=147721
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  • harry's Avatar
    11-19-2017, 08:50 AM
    Closure of the second meeting of the Monetary Policy Working Group 11/18/2017 systems of the Arab Monetary Fund in cooperation with the Bank for International Settlements second joint meeting on monetary policy in the Arab countries , which concluded its work last Thursday in the city of Abu Dhabi , United Arab Emirates. The meeting reviewed the economic, financial and international developments and their implications for the management of monetary policy and the banking sector in the Arab countries, as well as discussing a number of technical issues related to the management of liquidity and exchange rate systems. The meeting was attended by 51 high-level monetary policy officials representing 23 central and Arab central banks, including 14 central banks and nine international central banks, including the US Federal Reserve and the European Central Bank, as well as senior officials from Arab financial institutions. The Bank for International Settlements (BIS) was established in 1930. It is the oldest international financial institution with 60 members of central banks representing a number of countries whose combined GDP accounts for about 95 percent of world GDP. The Bank for International Settlements aims to support international central banks with the aim of achieving monetary and financial stability and supporting international cooperation in related fields to serve as the Bank of Central Banks. http://www.alsabaah.iq/ArticleShow.aspx?ID=147636
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  • harry's Avatar
    11-15-2017, 08:41 AM
    Key: Central measures are of interest to the UN Security Council11/15/2017 During talks on money laundering and terrorist financing Baghdad / Tarek Al-Araji Efforts exerted by the Central Bank of Iraq to communicate with major international economic organizations, particularly the Bank and the International Monetary Fund to review the joint programs and the organization of the Iraqi financial sector and the extent of progress achieved. Governor of the Central Bank of Iraq Ali al-Alaq said in an interview with "Sabah" said: "Iraq asked the IMF and the World Bank and specialized international organizations to support the organization of donors conference in Kuwait, As well as to help Iraq ease the problem of correspondent banks, revealing the bank's completion of the "National Strategy for Combating Money Laundering to finance terrorism" which will soon be transferred to the Council of Ministers for approval. "The quarterly meeting noted that the visit to Washington and New York was for discussions with the International Monetary Fund and participation In the quarterly meeting between the Fund and the countries that Iraq has among them, having programs with the Fund in force, having a 7-year program, began in 2016, there is a periodic review of the program's progress and focus and discussions on the 2018 budget. He pointed out that the International Monetary Fund would prefer the budget to be prepared according to the program agreed upon, and that there be ceilings for public debt, deficit and operating expenses while maintaining expenses of a social, health and security, such as health care and salaries. For these sectors ". Reduce the deficit and noted that " the discussions that took place in the Jordanian capital Amman earlier, addressed the first draft of the budget in which large deficits, and since then the government has worked under the guidance of the Prime Minister to reduce the deficit and unnecessary expenses and tried to increase local revenues and the goal of the program to reduce the deficit Between domestic revenues and domestic expenditures so that the country is not always exposed to the risks of fluctuations in oil prices and that there is a kind of safety valve at the very least. He pointed out that "the visit of the United States of America included a number of meetings, the most important meeting of the governors of banks with the Director General of the International Monetary Fund, and explained in our speech the operation of the program with the Fund and asked for more flexibility and understanding in some of the requirements and conditions, based on the circumstances of Iraq, The conference of donors in Kuwait, as well as helping Iraq to ease the problem of correspondent banks abroad and there were side meetings with the governors of several central banks. Money laundering "The lecture was held at the Institute for Near East Strategic Studies, which dealt with clarifying the economic and financial situation and the procedures of the Central Bank regarding the issue of money laundering and terrorism financing. The Council had an impression on the previous reports submitted by the Central Bank of companies listed in the list The international community by a vote in the Security Council, these cases were the subject of interest by the Security Council, especially that it was coordinated with other countries and was considered a successful model of international cooperation. Al-Alak said: "A presentation was made on the procedures of the Central Bank and the steps taken during the last three years regarding this issue in all its dimensions. Also, copies of the National Strategy for Combating Money Laundering and Terrorism Financing were distributed which the bank has completed and is considered an important strategy. To the Council of Ministers soon, but we distributed models there and offered to the members were welcomed and attention, especially as the strategy was based on consultations with organizations with international experience on this subject at all stages. Three billion And on the opinion of the International Monetary Fund budget said: "The IMF is intended to be deficit in the federal budget of Iraq for the year 2018 does not exceed 15 trillion dinars and this is what we seek and I think we implicit this figure in the budget, as the price of a barrel of oil up to $ 43 dollars and the same quantities export In the budget of 2017, "noting that" the International Monetary Fund after the completion of the budget and some other simple requirements will be the beginning of next December to the meeting of its Board of recommendations and if the report is positive and in line with the program will be launched other payments and start the payment before the end of the year And the current rate of $ 150 million from the International Monetary Fund and approximately one billion dollars from the World Bank and other amounts of the seven industrialized countries to reach combined amounts to approximately 3 billion end of this year. " Applications to establish "The absence of applications to establish commercial banks and requests specific to the establishment of Islamic banks, because they benefit from the law, which was legislated by the House of Representatives, which granted facilities to establish these banks, because it made its capital 100 billion dinars instead of 250 billion dinars and then raised to 250 Within three years and this encouraged many to apply for the establishment of these banks with the central bank's reservation on the amount of capital, because he has a view that the capital is not determined by law, but is determined in accordance with the circumstances and requirements. He said that the Central has a lot of the establishment of Islamic banks requests, but the bank 's board at its previous meeting realized that this number can not be added to the banks because it is above the energy and the potential of the existing market, and therefore asked for more study on the subject until the final decision. " Merger of banks Regarding commercial banks, he pointed out that "the number of large and the future will see the integration of these banks, as happened in all countries of the world, starting with a large number and then ends with a specific number, but they are large banks, stressing that" the Central can not push and force banks to integrate but in practice and practical experience will adopt In the future merge and reduce the number. " He stressed the existence of directions to the Central Bank to open a branch in Erbil or Sulaymaniyah and conducted a year ago meetings with the government, provided that this branch has the authority to carry out its oversight, supervisory and financing role for the banking sector and financial institutions and procedures related to combating money laundering and terrorism financing and approved the region months ago after clarifying the dimensions and risks that The presence of a part of Iraq is not subject to censorship, which causes external problems and regulatory for this sector within the region and we have reached this agreement has been signed in this regard and has already been working on the opening of a branch in Erbil as a first step and with the events that took place and repelled The decision of the House of Representatives to stop financial transactions and the sale of foreign currency to the region carried out bank transfers and the decision of the province parked. " Branches of the central He pointed out that "the Central Bank takes its decisions independently, but takes into consideration the circumstances and procedures exist and hope that things will return and overcome the crisis, and we are currently stressing the need to return the central bank to Mosul, because it has a banking sector and many exchange companies along with business and salaries, "The plan of the Central Bank includes the opening of a branch of the central bank in the Middle Euphrates, and it was agreed to be in the province of Najaf," he said. http://www.alsabaah.iq/ArticleShow.aspx?ID=147501
    0 replies | 44 view(s)
  • ksdunlap's Avatar
    Yesterday, 09:13 AM
    Good morning tudor, harry, Bondlady2, Jade, b1955, tellonator, cleopatra & all of DS. Jade I hope you heal quickly. Bless your heart, you’ve been through a lot this past year. Harry I hope your wife is doing well. Continued prayers for all. Tudor, thank you for your continued prayers. We appreciate them. He goes for his pre-tests today & heart cath early wednesday morning. I hope everyone enjoys a very blessed, wonderful & safe day. Happy Thanksgiving week !!
    917 replies | 50908 view(s)
  • IRONMAN's Avatar
    Yesterday, 09:08 AM
    Gm to all!
    917 replies | 50908 view(s)
  • harry's Avatar
    Yesterday, 08:20 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its, jade hope you heal fast and wound care doctor are good i know because off my wife, tudor i do leaves today because we had rain the other day, and deer season is in now here went saturday and not see nothing.
    917 replies | 50908 view(s)
  • IRONMAN's Avatar
    Yesterday, 07:22 AM
    I wish we could track this. I would be nice to see where they are in the process of this change.
    3 replies | 356 view(s)
  • tudor's Avatar
    11-19-2017, 06:44 PM
    Happy Sunday evening all. Hello tellonator, ksd, harry, Bondlady2, Jade and all the rest. Jade, what are we going to do with you :confused:. We should send you a big bubble to move around in. You take care hon. Been busy cleaning up neighborhood leaves out of our yard lol. Wanted to get them up before the rain hits tonight. Have a great evening and have a wonderful Thanksgiving week! ksd, praying still for good results on Lap.
    917 replies | 50908 view(s)
  • Jade's Avatar
    11-19-2017, 04:13 PM
    Thank you, Everyone for the welcome backs!! I missed this communication more than I realized ... until I couldn't remember my password - panic! .. If you wait long enough it seems like memory does return. :rolleyes: Right now I'm nursing a 7 stitch shin bone wound that is draining profusely - seeing wound care clinic tomorrow - fell on my cane - even got a unit of blood in the ER .... well, that's this month's excitement!!! .... Happy Thanksgiving to one and all !!
    917 replies | 50908 view(s)
  • Bondlady2's Avatar
    917 replies | 50908 view(s)
  • harry's Avatar
    11-19-2017, 08:30 AM
    good morning to all ds i pray that everyone will have a blessed day today.
    917 replies | 50908 view(s)
  • Bondlady2's Avatar
    917 replies | 50908 view(s)
  • tellonator's Avatar
    11-17-2017, 09:15 PM
    Good morning/evening to all! Hope for a safe and happy thanksgiving to everyone!!
    917 replies | 50908 view(s)
  • ksdunlap's Avatar
    11-17-2017, 12:48 PM
    Good morning tudor, harry, Bondlady2, b1955, Jade, cleopatra & all of DS. I hope everyone is having a great day so far & that it continues. Thank you for your prayers for Lap. We appreciate them. Cleopatra I hope you like a late morning cup of coffee, I finally have the chance to sit back and enjoy one now. I pray each of you enjoys a wonderful, blessed & safe weekend.
    917 replies | 50908 view(s)
  • harry's Avatar
    11-17-2017, 08:40 AM
    good morning to all ds i pray that everyone will have a blessed day today.
    917 replies | 50908 view(s)
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