09/06/2012
BAGHDAD / JD / .. Knesset Finance Committee requested the CBI not to Hsrmzad hard currency in one bank, as well as bank loans in order to avoid cases for administrative and financial corruption.
A member of the Committee and MP for the rule of law, Secretary Hadi’s / JD / “The bank loans that are working on the Rasheed Bank should not be limited to the only, to avoid the occurrence of any corruption. (more…)
TUESDAY, MAY 29 / MAY 2012 16:29
called on the Federal Ministry of Finance, on Tuesday, the U.S. Treasury Department and the World Bank to support and to support the banking and financial sectors in Iraq.
The Finance Minister Rafie al-Issawi received U.S. ambassador to Iraq, ended its James Jeffrey and a number of accompanying him in the U.S. Treasury. (more…)
23-05-2012 08:00 AM
Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, a money-laundering and dealing with banks that are in accordance with the law, pointing out that the sale of more than three billion dollars in the past month of April is normal .
Saleh said in a statement to ‘Twilight News’ The rate of sales of the month of April if more than three billion dollars, it may take the form Moderate rates compared to last year, adding that the situation this year is different from the past in relation to the terms and conditions set by the central bank for traders Iraqis in purchase of foreign currency ‘. (more…)
WEDNESDAY, APRIL 18 / APRIL 2012 12:19
Central Bank of Iraq, Wednesday, for the adoption of instruments of government, private banks in its departments and institutions, pointing out that the amount of the instrument up to five million Iraqi dinars certified maximum.
Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview with ” Twilight News “The” Committee for Economic Affairs of the Council of Ministers decided to adopt the instruments of private banks in government departments and institutions that were not supported in the past. ” (more…)
On: Wednesday 04/18/2012 19:20
Government instruments based private banks five million Iraqi dinars, confirming a maximum
Supports the CBI plans will support the mission of private banks operating in Iraq for the advancement of private banks and the sector which is witnessing a clear reluctance in their work. (more…)
WEDNESDAY, APRIL 18 / APRIL 2012 12:19
Central Bank of Iraq, Wednesday, for the adoption of instruments of government, private banks in its departments and institutions, pointing out that the amount of the instrument up to five million Iraqi dinars certified maximum.
Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh in an interview with ” Twilight News “The” Committee for Economic Affairs of the Council of Ministers decided to adopt the instruments of private banks in government departments and institutions that were not supported in the past. ” (more…)
Committee announced the economy and investment representative, on Friday, held for an extended conference to address the high exchange rate of the dollar against the Iraqi dinar, indicating that the conference will address the possibility of reforming the banking system in the country.
The Chairman of the Committee of Economy and Investment Ahmed Alwani, in an interview with ” Twilight News “that his committee” will hold a conference to reform the country’s banking system as a system of date in addition to the loss of the private sector role, which could compete with the public sector, “adding that” the conference will be held with the resumption of House of Representatives for its presence and specialists concerned with this matter. ” (more…)
WEDNESDAY, 07 MARCH / MARCH 2012 18:31
detection Deputy for the parliamentary Economic Committee, Wednesday, on his quest to provide a proposed law to regulate private banks with public and private sectors, pointing out that failure to address the state’s departments and the private sector with the banks because of the failure and lack of ownership by law.
A member of the Committee of Economy and Investment parliamentary Amer winner in an interview with “Twilight News” that “private banks and private does not have a law regulating its work but it does have instructions from the Central Bank is working under,” noting that “it must be the enactment of the domestic banks in accordance with specific controls to guarantee the rights citizens and government departments and those banks. ” (more…)
26/02/2012 13:45
A number of economists that the state-owned banks need to further develop and modernize the regulatory framework for the full banking dealings.
In this regard, stressed the President of the Institute of Economic and Monetary former Minister of Planning Mahdi Al-Hafiz’s News} {Euphrates that “there is a need to evaluate the reforms taken on the performance of the gravity of the financial sector as well as to assess their contribution in raising the country’s economic growth.” (more…)
Wed, 15 Feb 2012
Announced branch of the Rafidain Bank in the province of Dhi Qar stopped granting loans from the 15 of February, running until further notice, at the direction of the Ministry of Finance in the federal government.
He said the branch manager Hussein Abadi Nasiriyah News Network that the decision excluded the commercial loans, credit facilities and loans that have obtained the official approvals before this date. (more…)
Date: Monday, 23/01/2012 18:28
World Bank study completed for the restructuring of Rafidain and Rasheed Iraqi government, and that he expected the government decision to implement the study.
The central bank had last February allocated $ 10 million grant for the restructuring of banks during the next two years.
The director of the unit restructure the Rafidain and Rashid Majid picture (Rn) that “the Rafidain and Rasheed has ended a study of the restructure, especially regarding the application of financial restructuring and the removal of bureaucratic barriers and the Department of State banks.” (more…)
The independent Iraqi news agency / p. Replied as the Commercial Court case South Company for Trading & Contracting Company set up by Kuwait against the Director General of the Rafidain Bank
And demanded the payment of the amount of eleven million two hundred and fifty thousand dollars in bills owed In the former regime
The President of the Commercial Court in Baghdad, Judge Prince Shammari reporter (Iraqi news agency, independent), the Court received the case mentioned for legal reasons, the fact that the above company filed its lawsuit after a long time exceeded the time limits provided for in Article 132 of the Trade Act, amounting to three years and was able to raise her claims after Date 09.04.2003 and this may still be legally excused, the court issued its decision on the basis of the provisions of Article 132 and 135 trade and materials (161 166 185 203) civil proceedings And 63 law firm sentenced in his presence, capable of discrimination
Director Abdel Aziz al-Hassoun told the world that the government monopoly on foreign transactions, while the private banks better servicesAbdul Aziz al-Hassoun of the Executive Director of the Association of private banks (particularly in the world)The executive director of the Association of Iraqi private banks to the private banking sector in Iraq has made high profits over the year 2011 of lending, letters of guarantee, foreign transactions and Kalthoil opening credits.
And Abdul Aziz al-Hassoun said in an interview for an expanded “world” that “the data issued by the banks at the end of the third quarter of the year (30 / 9) refers to the large profit figures were the highest 40 billion dinars, a figure achieved by the Bank will not mention his name.”
07/11/2011 08:19
Baghdad, November 7 (Rn) – The Central Bank of Iraq, the Rafidain and Rasheed did not enter the world market because of their reliance on outdated administrative systems.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Rafidain and Rasheed were not able to enter the banking market in the world because of the reliance on marginally financial management systems old.”
He added that “the Rafidain and Rasheed dominate the cash rate of up to 86%, but the administrative bureaucracy impede the development of their banking.” (more…)
On: Sat 22/10/2011 12:18
Baghdad (news) .. student president of the Association of private banks Abdul Aziz Hassoun, monetary and fiscal management in the country, saving the banks exposed to losses and bankruptcy for the purpose of protecting the shareholders, called for the need for a joint action of the banks, public and private through the exchange of instruments and payments.
said Hassoun a statement to the Agency (news) on Saturday: there must be a role for the cash management and financial rescue banks that are bankrupt or losses by lending money accessible and be paid until the restoration of confidence to it through access to the profits in order to protect the funds of depositors or shareholders in this the banks.
stressed Hassoun, the need to create a partnership between the work of government and private banks and private lack of separation between them through the exchange of instruments and payments for the purpose of promoting the banking sector in the country.
He said Hassoun: that private banks have started to work within systems of international banks modern, but the government banks remained unchanged because of the dominated and the Ministry of Finance on the work and made it bound to work systems, banks of old, and continued Hassoun: proposed many solutions and strategic plans big for the advancement of the banking sector in general and government in particular by the World Bank and carried out studies and research are many, but not implemented.
and the President of the Association of private banks that plans included the introduction of banking systems the world of modern banking system, government programs are well suited for implementation, adding to the Rasheed Bank eager to implement the plan update.
is noteworthy that Iraq declared earlier in the postponement of a program to restructure the Iraqi financial system until the year 2013, which included restructuring of the largest banks Iraqi owned by the state and are the Rafidain and Rasheed, and restructuring of the Audit Department at the Central Bank and the development of the private banking sector.
The Central Bank of Iraq ed in November of last year, 2010, that foreign banks operating in Iraq do not work independently, but under the umbrella of the banks, local community, indicating that the investments of the regional countries in Iraq with a commercial character and lacking in international standards
Baghdad (news) .. called a member of Paradise financial and MP / Kurdistan Alliance / Najiba Najib to set priorities for loans granted by the Ministry of Finance staff and others as they would be a burden on the budget in spite of its impacts positively on the domestic market and the economy of Iraq.
said Najib said in a statement (of the Agency news) on Friday: that the loans granted by the Ministry of Finance in the government banks, both (100) salary, or (5) million would be a burden on the state budget, although its impacts positively on the domestic market by increasing demand for construction materials, agricultural and food and this situation will increase the movement economic development in the country.
08/09/2011 15:30
Iraq plans to attract international companies to invest, but it faces major security challenges and must take over its own security without help from the Americans next year, according to a security agreement.
Iraq’s economy is still separate from the global financial system is dominated by oil, where oil exports account for more than 95 percent of revenue.
Salam al-Quraishi, an adviser in the Iraqi government of Kurdistan News Agency (Rn) that “the Council of Ministers decided to form a higher committee to support the private banks and the expansion of commercial exchanges.” (more…)
Baghdad, August 29 / August (Rn) – The Finance Committee in the Iraqi parliament said on Monday that the country’s economy will grow in the coming period as a result of the government’s decision to grant advances to staff (100) salary at interest rates low.
The Iraqi government represented by the Ministry of Finance has launched a project to grant advances to staff the value of (100) monthly salary that was partially recovered and interest rates low.
The government is seeking a project to find partial solutions to the housing crisis by advancing the country’s crises, which could not of successive governments to Iraq since 2003 until now.
Darraji: agreement on the financing of the World Bank to finance projects linked with the countries of Iraq, Syria, Jordan and Lebanon
07/26/2011 10:33
Minister of Construction and Housing, Mohamed’s Darraji said that negotiations were held with the World Bank delegation visiting Iraq is to fund projects to link Iraq with the Arab Mashreq countries to (Syria, Jordan, Lebanon), which contains a draft Highway the number one western part (Baghdad – Trebil) on the border of Jordan and (Baghdad – Newborn) on the Syrian border.
Daraji said that the talks conducted by the now with the World Bank delegation in the city of Irbil resulted
