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Samson » April 29th, 2019
Bank of Baghdad: The Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability
29th April, 2019
The Chairman of the Board of Directors of the Bank of Baghdad, Essam Ismail Sharif, that the Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability in spite of the circumstances experienced by Iraq
"In 2018, the Central Bank of Iraq, through its strategy of managing monetary policy and strengthening the pillars of monetary stability despite the circumstances in which the country was going through, succeeded in overcoming these conditions," Sharif said in his annual report issued by the Bank of Baghdad.
While maintaining the exchange rate of the dinar to the dollar within the parallel market prices
He stressed that "the Central Bank continued to provide short and medium-term credit lines to finance the economic sectors, including small and medium-sized enterprises within the preferential interest rate, and in the liquidity side work to pay part of restricted cash with its branches in Sulaymaniyah and Arbil to Iraqi banks
He continued his leadership role in the development of electronic payment methods and the process of settling salaries in Iraq, and on the technical side issued the Central Bank of Iraq instructions for the application of capital adequacy according to the Basel III standard, which began to be applied experimentally on the data of the third quarter and fourth and will be adopted from the year 2019
He pointed out that "the Iraqi economy is expected to achieve growth of 6.5% during the year 2019, in light of improved macroeconomic factors and the deficit of the general budget of the state and the need for the country to reconstruction projects of infrastructure
He pointed out that "the Bank of Baghdad has been able to grow its financial position and size of customer deposits and achieve a part of the qualitative and quantitative achievements at the administrative and regulatory levels and maintain liquidity and improve the quality of assets, which will maintain its position within the Iraqi banking sector,"explaining that "the capital adequacy ratio reached 127% Which exceed the indicators of global requirements and the Central Bank of Iraq
He pointed out that "to meet the requirements of customers at the bank has re-completed the spread of its distribution channels and develop, whether opening branches at their new sites and start rehabilitation of the branches of Mosul and Tikrit and Anbar to be within the branches operating in 2019 in addition to the expansion of electronic distribution channels in terms of exchange, A cashier and is planned to reach 62 cashiers LINK
Rommy » April 29th, 2019
To see banking education being spread throughout Iraq is truly phenomenal. What did we just learn about Basra? While the citizens acquire bank accounts, surely they are pointed to the new window to obtain new lower denoms! They have the ability to get paid, operate and purchase via electronic mechanisms and systems. They are making a quantum leap into the international world of monetary technology. And like a dog wagging its tail, what comes with these new systems? Iraq is ready to unleash the kittens/coins and you know what that means!
Popeye7 » April 29th, 2019
This is my favorite article of the day... Thank you for bringing it Samson... The parts that really got me excited were the expected growth of 6.5 percent (read articles not too long ago that indicated growth was going to be in the 2 to 3 percent range within Iraq), as well as the capital adequacy ration of 127 percent which Samson highlighted... KABOOM... Wake up call...
Samson » April 29th, 2019
Economic Report: Iraq thus helped the international material market to grow
29th April, 2019
An economic report by the International Market Observatory (IOM) on Monday revealed a significant and continuous growth in the world's medium-sized goods consumption market, with factors in Iraq playing one of its most important roles.
The report, which was translated by "Al-Gharab Press", that Iraq in the first place and during the years of the war with the organization calling the terrorist, was "one of the most important consumers of hardware in the Middle East," followed by Syria and Afghanistan.
The report said that one of the reasons why Iraq has become an influential factor in the growth of the market of equipment expected to reach 161 billion dollars by 2024, is "the absence of a policy of protection of a local product or the existence of the same domestic product, which will provide, will be a barrier to the acquisition of companies Weapons to equip the Iraqi forces through government mediation."
It is noteworthy that the report did not disclose the expenditure of Iraq or the quantities purchased from the equipment during the past years, as security information can not be launched without obtaining official documents, according to the site. LINK
Source: Dinar Recaps
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » April 29th, 2019
Bank of Baghdad: The Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability
29th April, 2019
The Chairman of the Board of Directors of the Bank of Baghdad, Essam Ismail Sharif, that the Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability in spite of the circumstances experienced by Iraq
"In 2018, the Central Bank of Iraq, through its strategy of managing monetary policy and strengthening the pillars of monetary stability despite the circumstances in which the country was going through, succeeded in overcoming these conditions," Sharif said in his annual report issued by the Bank of Baghdad.
While maintaining the exchange rate of the dinar to the dollar within the parallel market prices
He stressed that "the Central Bank continued to provide short and medium-term credit lines to finance the economic sectors, including small and medium-sized enterprises within the preferential interest rate, and in the liquidity side work to pay part of restricted cash with its branches in Sulaymaniyah and Arbil to Iraqi banks
He continued his leadership role in the development of electronic payment methods and the process of settling salaries in Iraq, and on the technical side issued the Central Bank of Iraq instructions for the application of capital adequacy according to the Basel III standard, which began to be applied experimentally on the data of the third quarter and fourth and will be adopted from the year 2019
He pointed out that "the Iraqi economy is expected to achieve growth of 6.5% during the year 2019, in light of improved macroeconomic factors and the deficit of the general budget of the state and the need for the country to reconstruction projects of infrastructure
He pointed out that "the Bank of Baghdad has been able to grow its financial position and size of customer deposits and achieve a part of the qualitative and quantitative achievements at the administrative and regulatory levels and maintain liquidity and improve the quality of assets, which will maintain its position within the Iraqi banking sector,"explaining that "the capital adequacy ratio reached 127% Which exceed the indicators of global requirements and the Central Bank of Iraq
He pointed out that "to meet the requirements of customers at the bank has re-completed the spread of its distribution channels and develop, whether opening branches at their new sites and start rehabilitation of the branches of Mosul and Tikrit and Anbar to be within the branches operating in 2019 in addition to the expansion of electronic distribution channels in terms of exchange, A cashier and is planned to reach 62 cashiers LINK
Rommy » April 29th, 2019
To see banking education being spread throughout Iraq is truly phenomenal. What did we just learn about Basra? While the citizens acquire bank accounts, surely they are pointed to the new window to obtain new lower denoms! They have the ability to get paid, operate and purchase via electronic mechanisms and systems. They are making a quantum leap into the international world of monetary technology. And like a dog wagging its tail, what comes with these new systems? Iraq is ready to unleash the kittens/coins and you know what that means!
Popeye7 » April 29th, 2019
This is my favorite article of the day... Thank you for bringing it Samson... The parts that really got me excited were the expected growth of 6.5 percent (read articles not too long ago that indicated growth was going to be in the 2 to 3 percent range within Iraq), as well as the capital adequacy ration of 127 percent which Samson highlighted... KABOOM... Wake up call...
Samson » April 29th, 2019
Economic Report: Iraq thus helped the international material market to grow
29th April, 2019
An economic report by the International Market Observatory (IOM) on Monday revealed a significant and continuous growth in the world's medium-sized goods consumption market, with factors in Iraq playing one of its most important roles.
The report, which was translated by "Al-Gharab Press", that Iraq in the first place and during the years of the war with the organization calling the terrorist, was "one of the most important consumers of hardware in the Middle East," followed by Syria and Afghanistan.
The report said that one of the reasons why Iraq has become an influential factor in the growth of the market of equipment expected to reach 161 billion dollars by 2024, is "the absence of a policy of protection of a local product or the existence of the same domestic product, which will provide, will be a barrier to the acquisition of companies Weapons to equip the Iraqi forces through government mediation."
It is noteworthy that the report did not disclose the expenditure of Iraq or the quantities purchased from the equipment during the past years, as security information can not be launched without obtaining official documents, according to the site. LINK
Source: Dinar Recaps
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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