Posts Tagged ‘List of banks in Iraq’

Economists: the commercial Corridor project with neighboring countries will drive the economy in the country

Posted: May 5, 2013 in Iraqi Dinar/Politics
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05-05-2013 12:16 PM

Baghdad (News)/report/bahtik/… Seeking Iraqi Ministry of reconstruction and housing construction road lines and iron train railway linking the capital Baghdad to neighbouring capitals, with a view to promoting commercial exchanges between Iraq and surrounding countries.

The Iraqi Government approached the Governments of neighbouring States on the implementation of the trade corridor project, and expressed their readiness to implement the project, because the common interests of all States in the region. (more…)

Central bank sales of up to $130 million at today’s meeting’ Currency Auction results for April 21, 2013

Posted: April 21, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 21-Apr-2013. The results were as follows:

DETAILS NOTES
Number of banks 22
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 130,563,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 130,563,000
Total offers for selling (US$) —–

Exchange rates

Central bank sales of up to $130 million at today’s meeting (more…)

Classic banking service in Iraq; a stumbling block to foreign investors

Posted: April 14, 2013 in Iraqi Dinar/Politics
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04/13/2013 (23:01 pm)

See specialists in the matter of financial lack real competition between government and private banks, noting that the Banking Act current marred a lot of gaps that are reluctant to work banks.

and demanded need new legislation regulating banking business in the country and stir wheel investment. (more…)

Foreign banks considering opening branches in the country

Posted: April 6, 2013 in Iraqi Dinar/Politics
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: The New York Times
Iraq is still struggling to overcome the economic effects of the war and armed actions and political rifts and the fragile security situation. For its emerging banking sector, the challenges do not stop at this point. According to the official website of the Central Bank of Iraq, there are seven state-owned banks in the country and 32 banks waged, and 15 foreign banks, but analysts say there is a section of government banks – especially Rafidain and Rasheed – controls 90% of the banking business. (more…)

Source: Banks offense in the case of the CBI is putting pressure on the judiciary to confuse

Posted: April 6, 2013 in Iraqi Dinar/Politics
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Published on Saturday, 06 April / April 2013 22:15

Detection judicial source high-level, on Saturday evening, the pressure exercised by the banks’ offense have files with the judiciary in the case of the Iraqi Central Bank to a group of judges, while pointing to the success of banks offense to put pressure on prominent judge was instrumental in reply to cancel the tutelage of the bank to a bank.

The source told “obelisk”, “The banks’ offense has the files of the Iraqi judiciary in the case of the Central Bank of Iraq to put pressure on a group of judges,” adding that “these banks have succeeded in pressuring a prominent judges of the case.” (more…)

World Bank, Iraq work to restructure banking as Iraq lobbies for international support for its exit from CH VII

Posted: April 4, 2013 in Iraq: Chapter VII
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Minister of Planning looking restructure Iraqi government banks

on: Wednesday 03/04/2013 12:49 pm

Research and Planning Minister and Minister of Finance and agency Prof. Dr. Ali Yousef Shukri with a delegation from the World Bank restructuring Rafidain and Rasheed, His Excellency said in a joint news conference «We received a delegation from the World Bank and discussed with them the implementation of the program in Iraq. (more…)

Economist and Banking Reps discuss reasons the dinar has declines against the dollar

Posted: April 3, 2013 in Iraqi Dinar/Politics
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Date posted 02/04/2013 07:51 PM

Baghdad: a member of the parliamentary Economic Committee MP Abdul Hussain abtan, the problem of deterioration of the Iraqi dinar exchange rate against the greenback due to reasons including: lack of a clear economic vision for the country in General, and the lack of reference to the economic file, and the absence of economic plans, the absence of independence of the Central Bank of Iraq and to keep certain officials in their positions, the fifth and final thing and more importantly, it is that the Central Bank’s brothers tend to maintain currency reserves than the Iraqi dinar strengthened so that the reserve The Central Bank up to $ 70 billion. (more…)

CBI launches retail project payment through Mobile

Posted: April 3, 2013 in Iraqi Dinar/Politics
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04/02/2013 – Updated 04/02/2013
Fired central bank draft payment retail through the establishment of divided national platform and reciprocity to pay Palmobail.

bank said that “the project comes in the framework of developing the banking industry in the country and add new tools and advanced in the field of electronic payments.”

and called the bank “more than 30 international companies specialized in this field to participate in the bidding for the implementation of this national project. ” (more…)

CBI calls for 30 international companies to develop the retail payment systems

Posted: April 2, 2013 in Iraqi Dinar/Politics
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Published on Tuesday, 02 April / April 2013 14:57

CBI announced, Tuesday, sent invitations to more than 30 international companies specialized in the development of retail payment systems for the development of the old regimes in place in Iraqi banks.

The statement said the bank got “obelisk” a copy of “in the quest CBI to develop the banking industry in Iraq and to add advanced tools in the area of ​​payments, the Central Bank announced the launch of the development of the payment system retail through the creation of divided national platform and reciprocity of payment via mobile” . (more…)

CBI dollar restricts withdrawals for April 15; Instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies

Posted: March 27, 2013 in Iraqi Dinar/Politics
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Ali Salman – 03/26/2013 – 9:06 am

Issued CBI, new instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies select the stakes weekly for banks and remittance companies and trading firms currency from the dollar appreciates as capital each, and will increase and decrease of this share exchange for a commitment each delivery amounts they want customers citizens. (more…)

Economic Committee Member: CBI tightened control of foreign currency transferred outside the country

Posted: March 26, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-26 at 12.38.56 PM26-03-2013 12:55 PM

Member of the Committee for economy and investment Deputy//Amer winner, the Central Bank tightened control of foreign currency remitted out of the country for the purpose of imports, the fact that there is money to prevent the entry of goods to the country.

A winner (News Agency): the Central Bank is required to tighten control on the sale of hard currency operations and other operations transferred to the outside, because there are some foreign currency funds transferred abroad under the pretext of import goods and in fact there is no goods and materials come to the country. (more…)

Economic Committee Member: Work of banks in Iraq; Not in line with the country’s economic growth

Posted: March 26, 2013 in Iraqi Dinar/Politics
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witnessing government and private banks in the country confusion great in their work as a result of the lack of a strategic plan with the government, as was confirmed by some officials in those banks that if the situation continues as it is now, those banks Stdmahl and then fade.

carried Member Economic Committee in the House of Representatives Abdul Hussein Abtan “central government responsibility mismanagement economic profile in the country,” asserting that “the absence of vision the government’s economic reflected negatively on all institutions, private banks and local banks.” (more…)

World Bank to restructure Iraqi Banks, CBI; Plan viewed as guarantor to IQD restoration (3 articles)

Posted: March 24, 2013 in Iraqi Dinar/Politics
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The World Development Report 2011

Sihail, World Bank’s delegation discuss restructuring Iraqi banks, CBI
Sunday, 24 March 2013 16:40 | | |

Baghdad (AIN) -The First Deputy Speaker of the Iraqi parliament, Qusai al-Sihail, discussed with the delegation of the World Bank, the restructuring of the Iraqi banks and the Central Bank of Iraq. (more…)

CBI publishes new regulations on buying and selling foreign currency

Posted: March 24, 2013 in Iraqi Dinar/Politics
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Published on Sunday, 24 March / March 2013 16:04
CBI issued, Sunday, new regulations for the sale and purchase of foreign currency, in order to what he considered to stabilize the Iraqi dinar exchange rate against foreign currency to meet the needs of the private sector, including the import of goods and services and to encourage banks to expand their scope, stressing that contrary to the instructions New will be forwarded to the Commission determine the imposition of fines and penalties, confirming validity of these instructions from the 15 April 2013. (more…)

World Bank calls on Iraq to redouble their efforts for the development of the banking sector and attract foreign investment

Posted: March 12, 2013 in Iraqi Dinar/Politics
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The World Development Report 2011

Posted on Monday, March 11 / March 2013 17:48
BAGHDAD / obelisk: World Bank called for the Iraqi government, on Monday, to redouble their efforts for the development of the banking sector and regulations in the financial trading of Iraq, as a prelude to mobilize all sectors of the economy and investment.

The expert said the oldest in the affairs of private sector development at the World Bank Stephen ريمير, who is visiting Iraq at the head of a delegation from the Bank experts, for “obelisk”, “The World Bank provided advice and assistance and advice to Iraqi banks and working on plans developed and are waiting to reach officials from that to real serious steps, “noting that” the World Bank touching a genuine desire on the Iraqi side to develop its accounting and banking systems”. (more…)

Economist Opinion: Further development of Iraq’s bank sector promote to foreign investment in the country

Posted: March 11, 2013 in Iraqi Dinar/Politics
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Economist Opinion: banking system development will contribute to the promotion of investment in the country
Date: 13/03/10 14: 24: 30 Sunday

Economist Abdul Sattar Al-Hashemi stressed the importance of development of the banking sector with the latest technologies to facilitate banking transactions and support economic development in the country, called for the creation of a suitable climate for investors.

(more…)

Absence of a new law is the most prominent obstacle toward development of private banks

Posted: March 10, 2013 in Iraqi Dinar/Politics
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10/03/2013 13:29:00
BAGHDAD / NINA / The economic expert, Salam Smeisim said, “What is hindering the advancing of the private banks in Iraq is the absence of a new law regulating their work.” (more…)

Banking Adviser: The linking of Iraqi banks with contribute to the elimination of money laundering in bank sector

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Banker: National chunked project will contribute to the elimination of the money laundering process
Published in: 3:50 pm, March 3, 2013 by ipa 2 Views: 67

BAGHDAD (Iba) .. adviser said the North Bank for Finance and Investment wholesome Elias Abou, that linking the Iraqi banks divided national project will contribute to the elimination of the root to the process of money laundering in the banking sector.

He explained Abbou told the independent press (Iba) “The project divided the national will connect Iraqi banks banks world through a network of financial transfers are supervision full of banks worldwide within the framework of foreign remittances, stressing: that this network will ensure convert all amounts to the state to be out without She went to terrorist acts and money laundering. ” (more…)

Report reveals the involvement of Parliament and politicians in the financial corruption of the CBI

Posted: March 2, 2013 in Iraqi Dinar/Politics
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02-03-2013

The Sri report revealed by the Office of financial supervision of the involvement of Parliament and politicians in financial corruption at the Central Bank, a parliamentary investigative Committee stressed on the issue that the Court of Auditors provided the impartiality and Justice report which reveals the actors involved in the sale and purchase of the dollar in the Central Bank auction. (more…)

Fayez: control the country and Gulf money in the Central Bank of baseless rumors; Mullah warns of Iraq’s transition to a global system for money laundering

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Date: Sunday 24/02/2013 08:43 pm

A member of the Committee on Economic, Alastthmarwalaamar parliamentary that مايتردد over control money Qatari and Gulf capitals CBI just rumors and groundless on the ground at the time warned deputy for the Iraqi List Sunday, from Iraq’s transition to a global system for money laundering.

Said committee member Amer Al-Fayez’s (Citizen): »that the rumors in the media about control money Qatari and Gulf is inaccurate which rumors groundless on the ground». added »that the Commission has no evidence to this aspect and every Matsamah is from the media only». (more…)

Specialists: Iraqi banking environment needed for sophisticated international banks to create a competitive atmosphere and the transfer of expertise and technology

Posted: February 19, 2013 in Iraqi Dinar/Politics
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Date: Monday 18/02/2013 06:31 pm

He attributed the number of deputies and specialists in banking reason behind the Iraqi banking sector for Global to legislation old still followed the local banking system. Calling during their talk to the need to encourage international banks to open branches in Iraq to create an atmosphere competitive between local and foreign banks and to benefit from the transfer of expertise and developments in the banking field. (more…)

Member of the Committee for economy and investment: legislation not entering the local banks to international banks

Posted: February 7, 2013 in Iraqi Dinar/Politics
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Date: 13/02/07 07: 24: 53 Thursday

Baghdad (newsletter).Return economy and Investment Committee member of iraqiya MP//Qusay Juma Abadi, because of the inability of the Iraqi banks from entering the market for global banks to exercise banking legislation legal developments for the banking sector.

(more…)

Bankers: the integration of small banks to ensure their survival in the global economy map

Posted: January 29, 2013 in Iraqi Dinar/Politics
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01/28/2013 (23:00 pm)
Said specialists in regard banking that merger small banks with each other to ensure its survival and competition in the map of the global economy, noting that developed countries seek with the present to establish banks giant by Union banking establishments to serve as the top players in the field of banking.

The head of the Association of Banks civil Abdul Aziz Hassoun said in an interview to the extent that: “the banking system in the country consists of a large group of small banks that can not keep pace with developments in the banking sector in the countries of the world advanced” pointing out that the best way for the advancement of these small banks calls to merge with Among them, noting that international banks have made ​​in advanced stages of cooperation emerged as international banks a major product of the merger. (more…)

Conference for the development of the banking sector

Posted: January 23, 2013 in Iraqi Dinar/Politics
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23/01/2013 12:00 am

Announced by the Finance Committee MP Najiba Najib, the intention of its for the special conference for the development of the banking sector with the participation of international partners and experts bankers (more…)

Private banks seeking to enter global markets

Posted: January 21, 2013 in Iraqi Dinar/Politics
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21/01/2013 12:00 am

confirmed Association of Iraqi private banks that opportunity for banks civil to enter deeply into the global financial markets, especially after the recent decisions issued by the Central Bank for the development of the banking sector, it is obliged to develop itself and to use the banking systems advanced.

authoritative source in the Association said “morning” The global banking sector is witnessing developments equal in the use of technology, which appear with banking products adapted to these systems at a time when Iraqi private banks and access to such activities and the use of this technology and (more…)

Finance Committee warns of the danger of not supporting the country’s banking sector

Posted: January 20, 2013 in Iraqi Dinar/Politics
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Confirmed the Finance Committee in the House of Representatives that the national economy will be affected all sectors if they are not ambulance banking sector, at the same time reported the Association of private banks that the private banking sector began to grow increasingly.

said committee member Faleh sari told Euphrates News that ” the banking sector of the important sectors and vitality and contribute significantly to the calendar and stimulate the national economy, whether that relying on the basis of internal movement or on investment and attract money and also helps a great help in the volume of imports and foreign contracts. ” He pointed out that “when we open letters of credit must be there Banks sober able to be equipped to deal with the corresponding international. ” (more…)

President of the Arab Union of Banks: Procedures for CBI is positive towards the development of the banking sector

Posted: January 17, 2013 in Iraqi Dinar/Politics
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Date: 2013/05/17 13: 25: 56 Thursday

Baghdad (newsletter) … As President of the Union of Jordanian Arabic nationality and Sam banks Ullah, the actions taken by the Central Bank of Iraq in the development of the banking sector as “positive”, weighted with the rise of the banking sector during the coming period.

He said Fattouh (News News Agency): legal legislation is highlighted the challenges facing the Iraqi banking sector and made it work and limited but sophisticated, although private sector possesses significant experience in banking. (more…)

Expert stresses the importance of the amendment to article 28 of the General Banking Act

Posted: January 15, 2013 in Iraqi Dinar/Politics
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15/01/2013 12:00 am

economic expert said Saif Hilfi importance of amending Article 28 of the General Banking Act to support investment in the Iraqi banking sector, calling for the need to strengthen relations with Arab banks for the advancement of local banks.

Hilfi said in a press statement yesterday, said that private banks could play a major role in the economic development through the establishment of a fund for lending to private investment projects in the country, because it has a high potential and helps capital. (more…)

Economist: you must modify the article (28) of the Banking Act to promote investment in the banking sector

Posted: January 14, 2013 in Iraqi Dinar/Politics
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Date: 13/01/14 10: 32: 43 Monday

Baghdad (newsletter) … Economic expert Andrew sword, the importance of the amendment of article 28 of the General Banking Act to support investment in the Iraqi banking sector, calling for the need to strengthen relations with Arabic banks to promote the reality of local banks.

He said Andrew (News News Agency): that private banks could play a significant role in economic development through the creation of a fund to lend to private investment in the country, that have high potential werasmal help.
(more…)

Arab bankers: Iraq must modify the banking laws and the introduction of modern tech to support the Iraqi banking sector

Posted: January 13, 2013 in Iraqi Dinar/Politics
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Date: 2013-01-13 12: 44: 51 Sunday

A number of specialists in the matter, that the Iraqi banking sector lacks international banking and tech how to use modern technologies in the work of the Bank.

Calling during their talk (News News Agency) to amend legislation for the banking sector and training of Iraqi personnel abroad. (more…)

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