Posts Tagged ‘Trade Bank of Iraq’

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…)

Finance Committee hosted representatives from the CBI; Discuss banking laws

Posted: January 29, 2013 in Iraqi Dinar/Politics
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Monday January 28, 2013

Received MP Najiba Najib member of the Finance Committee on Monday, 28/1/2013, at the headquarters of the Commission and a delegation from the Iraqi Central Bank and government banks included Mr. Mustafa Ghalib scary Director of Legal Affairs at the CBI and Acanutormagd Mohammed Hassan Suri unit manager restructuring of government banks and Mr. Walid Idi Abdul Nabi, head of statistics and research at the Central Bank of Iraq. (more…)

TBI Bank plans to issue a credit card with limits up to $100 thousand dollars

Posted: September 2, 2012 in Iraqi Dinar/Politics
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Orr News Agency

Announced TBI intention to issue a card (Infinity) credit soon and that represent the highest credit card financial world in terms of value of 100 thousand dollars. (more…)

CBI: the existence of foreign banks in Iraq is part of Iraq’s accession requirements of the World Trade Organization

Posted: August 27, 2012 in Iraqi Dinar/Politics
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CBI said that the presence of branches of foreign banks in Iraq is an important part of Iraq’s accession requirements of the World Trade Organization.

The deputy central bank Mhaaft appearance of Mohammed Saleh today: “The Law of the Central Bank of figure 94 of 2004 allowed foreign banks to open branches in Iraq for the last open branches in various countries.” (more…)

Trade Bank of Iraq gives Platinum credit cards which are supported globally

Posted: August 26, 2012 in Iraqi Dinar/Politics
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08/26/2012

BAGHDAD / JD / .. Announced TBI commercial for granting credit cards sophisticated internationally certified for its customers discerning.

said general manager TBI Hamdiya Dry / for JD /: that the bank began to issue cards Platinum international credit card and global credit and that can handle whereby internationally and give to customers the bank who have dealings Positive and spacious with exchange in terms of deposit and credit and loan repayments according programs stomach. (more…)

Bank credit cards needed to facilitate banking transactions; Avoids employer from carrying masses of cash

Posted: August 6, 2012 in Iraqi Dinar/Politics
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Date: Monday 08/06/2012 12:00:59

Baghdad (news) .. Said banking expert Mohsen Ali, the importance of using credit cards to citizens in banking transactions for ease of disposition of funds, calling for universal work in all government and private banks.

Ali (of the Agency news) said on Monday: The credit card (Alvezacard) and (Mastercard) are necessary very in banking, because they dispense with the use of the money supply moving to the citizen Ptaamlath in the local market. He pointed to: that the financial system in Iraq is about to start a financial electronic art called “divided the national will” help to promote credit cards and expands the spread, indicating that the card services credit will make the dealers in the local market, obviating the use of the money supply because it has become a phenomenon tiring and expensive. (more…)

New procedures to do the role of banks in the development process; Session focused on the importance of partnership between public and private sectors

Posted: August 1, 2012 in Iraqi Dinar/Politics
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30/07/2012 0:00

examine experts, bankers and are interested in the reality of the banking sector in Iraq during the work session breakfast attended by deputy central bank governor d. The appearance of Mohammed Saleh organized by the Association of private banks in Iraq and hosted by the Bank of the UNESCO and the Hall Sands Hotel in central Baghdad and the reality of banking and ways to promote it. (more…)

New procedures to do the role of banks in the development process; Session focused on the importance of partnership between public and private sectors

Posted: July 30, 2012 in Iraqi Dinar/Politics
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30/07/2012 0:00

examine experts, bankers and are interested in the reality of the banking sector in Iraq during the work session breakfast attended by deputy central bank governor d. The appearance of Mohammed Saleh organized by the Association of private banks in Iraq and hosted by the Bank of the UNESCO and the Hall Sands Hotel in central Baghdad and the reality of banking and ways to promote it.

the main topics addressed by the session which was attended by Director-General of Trade Bank of Iraq Hamdiya dry and General Manager money laundering at the Central Bank d. Khaled Cltag and general manager of studies in the central and Walid Idi and vice president of the Association of Banks Adnan Chalabi Multi ways to enhance the work of banks and the possibility of establishing a specialized bank for small and large projects and an investment fund proposed by the Director General (tbi) with the participation of private banks in Iraq. (more…)

CBI supports the trend of private banks to open letters of credit of State

Posted: July 22, 2012 in Iraqi Dinar/Politics
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22/07/2012

Central Bank of Iraq confirmed its support for the direction of private banks to open branches abroad and opening documentary credits of Foreign Affairs.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that the central bank support and encourage this trend because it is the correct procedure, which gives the guarantee for the arrival of goods to Iraq (more…)

Five important decisions for the economic cabinet

Posted: July 12, 2012 in Iraqi Dinar/Politics
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12/07/2012 0:00

Most notably the lifting of the capital of the TBI to a trillion dinars

recommended to the Committee on Economic Affairs in the Council of Ministers to increase the capital of the Trade Bank of Iraq of 500 billion dinars to the trillion dinars in addition to the four important decisions the other. (more…)

Trade Bank of Iraq issued Visa Gold card in dollars

Posted: July 9, 2012 in Iraqi Dinar/Politics
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MONDAY, JULY 9, 2012 11:11
Announced the Trade Bank of Iraq, Monday, the start issuing Visa Card Gold Visa Debit Gold Card privileged world, and while noting that it allows the holder to enjoy discounts of international purchases and hotel reservations granted to customers of the bank and the currency of the dollar, he stressed that it allows the Iraqis to use in all over the world. (more…)

Project calls for the establishment of a unified banking

Posted: June 19, 2012 in Iraqi Dinar/Politics
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19-06-2012 08:30 AM
Called on the Trade Bank of Iraq, Tuesday, all private banks to be under the banking system and one in the country through the establishment of electronic payments is divided, indicating that the adherence of Iraqi banks, as well as the private sector to draft divider is in the development of the banking sector.

The Director of the Trade Bank of Iraq Hamdiya dry in a press statement, said that ‘the aim of developing the banking and lift it for the best banking services, called on the Bank of IraqTrade Association of Banks Special to contribute to the establishment is divided electronic payments within Iraq to be all private banks under the system, one in banking and one in the country ‘. According to the site News Twilight

She emphasized that the ‘Trade Bank of Iraq has all the supplies that will direct Created (PBX electronic payments), but the spirit of community requires work as a bloc banking and one for success and development of the banking sector in Iraq and keep pace with technology developments in the regional countries and the World ‘. (more…)

Finance Committee suggest the ability of Trade Bank of Iraq take currency auction

Posted: April 25, 2012 in Iraqi Dinar/Politics
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April 26, 2012

BAGHDAD / JD / .. revealed the parliamentary finance committee a new step the central bank to implement an auction sale is handed over to a hard currency Iraqi banks, weighted assume Trade Bank of Iraq this auction.

A member of the Finance Committee, the Parliamentary Secretary Hadi Abbas’s / JD / “The Central Bank of Iraq plan to give banks a good Iraqis and the Iraqi Trade the responsibility of selling the dollar auction.” (more…)

Seminar discusses Iraq is entering a renaissance of explosive development

Posted: April 25, 2012 in Iraqi Dinar/Politics
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Economic seminar drew a map of the reform model and identified the course of the relationship between the public and private sectors Baghdad Yasser incumbent Hussein Tgb raised the Business Council of the Iraqi National important questions on the road to illustrate the path of the professional relationship between the government and the private sector during his lecture tagged (TBI basic foundation of the Iraqi economy and the private sector) as banks, government and plays an important role at this stage and immune from international sanctions imposed on the banking sector, the government under Chapter VII. (more…)

Seminar: Discuss World Bank report; Claims to enact laws to improve the performance of government and private banks

Posted: March 4, 2012 in Iraqi Dinar/Politics
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03/03/2012

During the seminar discussed the report of the World Bank on Iraq,

called experts and specialists in the economic aspect to the importance of formulating a future vision and constructive development of the challenges and priorities, objectives of financial reform in Iraq, stressing the need for Iraq seeks to provide further support to the banking sector, financial, and including lets move it toward the ranks of Almenkdma, pointing out that the World Bank report on the financial situation in Iraq, issued in June 2011 called for strengthening the role of state-owned banks and modernization of the regulatory framework complete them, which makes it imperative for the government show more flexibility in order to revive the financial realities in Iraq correctly according to specialists. (more…)

Iraqi economists call for state-owned banks to contribute more to economic development

Posted: February 26, 2012 in Iraqi Dinar/Politics
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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…)

Invite citizens to invest their money through banks profitable projects

Posted: February 20, 2012 in Iraqi Dinar/Politics
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20/02/2012

Billions of dollars they have frozen

D expect. Sami al-Araji said there are between billions of dollars frozen in citizens and non-invested and private Iraqi banks can benefit from them in case proceeded to a profitable investment, especially in the housing sector because of the urgent need for housing compared to demand it.

He said in a statement to the (morning) on the sidelines of the banks, which was sponsored by Trade Bank of Iraq recently: that these figures almost certain, and derived from sources and confirmed information also as president of the National Commission for Investment, expressed the readiness of the assistance in this area in order to activate the private banks on the one hand and resolve part of the housing crisis and to make profits for those who invest their money in this vital sector. (more…)

Iraqi Trade is the industry 180-dependent

Posted: February 19, 2012 in Iraqi Dinar/Politics
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SUNDAY, FEBRUARY 19, 2012

detection Trade Bank of Iraq, Sunday, for his open 180 depending of the Ministry of Industry in 2011, attributed the delay in the appropriations in general to convert foreign currency to the dinar and error in filling out forms.

The Director of the Trade Bank of Iraq agency Hamdiya dry in a statement to “Twilight News”, “Trade Bank of Iraq issued in 2011, more of 610 credits for the benefit of the country’s ministries and the value exceeded 13 billion U.S. dollars, and the share of the Ministry of Industry and configurations 180, depending,” adding that “Trade Bank of Iraq received 44 depending more and the value of 208 million U.S. dollars, and depending on the deployment of the 136 private banks and the value of more than U.S. $ 98 million.” (more…)

Trade Bank of Iraq banks take care of the support for the advancement of productive performance

Posted: February 12, 2012 in Iraqi Dinar/Politics
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Efforts to activate the role of private sector in development

Escalate calls to the need to create a banking sector has a global services, after concerted efforts of private and public sector, where the imposing reality of the situation need to access from the current environment that do not fit and ambitious global investment and local communities with quick fixes and long-alike to the problems of the Iraqi economy, and services that must be provided to the citizen, most bankers today claim to the importance of amending the laws and regulations that lead to the granting of private banks more flexibility in the banking and services provided by the fact the investment.

The Conference banks operating in Iraq, organized by the Trade Bank of Iraq to discuss the requirements for the Advancement of reality the banking and the most important determinants of growth . (more…)

Trade Bank of Iraq announced a profit of $475 billion dinars for 2011

Posted: January 25, 2012 in Iraqi Dinar/Politics
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2012-01-25 12:43:13

BAGHDAD (Iba) … bank said the Iraqi Trade Ministry of Finance’s, Tuesday, for a profit of $ 475 billion dinars in 2011 the past, while between that recovered already 50 Palmiah of debt distressed, he seeks to develop its work and provide new banking services to its customers .

The bank said in a statement that the total profits earned in the year 2011 reached the last 475 billion dinars, of which 237 billion during the second half of it, pointing out that he is seeking to restructure the organization to keep pace with development work, including the banking and reflect positively on his work. (more…)

Economists: the use of credit cards, protecting the citizens from theft and counterfeit currency

Posted: January 24, 2012 in Iraqi Dinar/Politics, Top Headlines
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Confirms the specialists in the economic importance of trade credit card, such as “Visa Card” and “MasterCard”, during the trading day by the citizens for several reasons, stands in the forefront of the future development of the banking industry in the country, and optimal cooperation with international banks, as well as that dealing Credit cards will reduce the risk of exposure to theft of money, or exposure to fraud counterfeit money.

And is still trading process credit card is limited in Iraq, despite the fact that a bank official Iraqi member since 2005, while the spread in the countries surrounding Iraq are widely, and rarely deals with interests liquidity in those countries, the prevalence of banking transactions online. (more…)

Trade Bank of Iraq reduces the amount of cash insurance for credit card [Visa and Master Card]

Posted: January 23, 2012 in Iraqi Dinar/Politics
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Monday, 23 January 2012 12:40

Decided Trade Bank of Iraq to reduce the amount of cash allocated to the insurance issue cards [Visa] to 250 thousand dinars instead of the amount the previous 500 thousand dinars.

A statement of the bank received by all of Iraq [where] that “the Trade Bank of Iraq has decided to reduce the amount of insurance money allocated to the issue price of the card [Visa Card - Master Card] to 250 thousand dinars instead of the price of the old 500 thousand dinars and to promote the use of credit cards for the largest slice of Iraqi society. ” (more…)

Board Member of Rasheed Bank: CBI desires banking sector to be equivalent to banking elsewhere in the modern world but Iraqi banks need modern technology

Posted: January 22, 2012 in Iraqi Dinar/Politics
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On: Sun 01/22/2012 12:01

Baghdad (news) .. Called a board member Rasheed Bank Hussein Kazaz need to use modern technology in the work of Iraqi banks linking of banks communication network among themselves, or activation of the system banks, telephones and the Internet to facilitate the banking business in Iraq.

He Kazaz in a statement to the Agency (news) on Sunday: The Iraqi banks two branches of government and private sectors lack the techniques technological modern and enjoyed by most of the banks, the World Central Bank of Iraq has a desire to enter the banking systems of the world in the work of Iraqi banks, but faces obstacles in the implementation process as a result of difficulty in adapting these banks on these new technologies. (more…)

Economist Opinion: Lifting CH VII on Iraq would give the Iraqi banks to deal with the global counterparts

Posted: January 22, 2012 in Iraq: Chapter VII, Iraqi Dinar/Politics, Top Headlines
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Chairman of the General Economy Bank Husam Obeid importance remove Iraq from Chapter VII as a grant to the Iraqi banks to deal with the international banks.

Obaid said in a statement quoted (newsletter) that Iraq is still bound to item VII of the United Nations has an effect on the work of Iraqi banks being given a bad reputation in its external and international, causing thus rejected international banks to deal with Iraqi banks.

The slaves to remove Iraq from Chapter the seventh is very important because it gives freedom to deal with international banks, particularly the States represented the UN Security Council, calling for a move to lift in order to promote the Iraqi economy and develop the work of Iraqi banks. (more…)

Iraq House of Representatives will meet Saturday; Includes second reading of 2012 general budget

Posted: January 20, 2012 in Iraqi Dinar/Politics
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House of Representatives discusses Saturday 19 read law and completed the General Budget for 2012

Parliamentary source, Sunday, the Iraqi Council of Representatives will be completed during its 14-second chapter of the second legislative year, which will be held next Saturday, read the General Budget Law for 2012, in addition to first and second readings of 19 law.

The source said in an interview for “Alsumaria News”, “House of Representatives will be completed during its meeting of 43 of the second semester of the year the second legislative session next Saturday (21/1/2012), the second reading the draft law to the federal budget for fiscal year 2012″, noting that “The session will also discuss the lending staff, and the first reading the draft law to amend the law on seizure of contraband No. (18) for the year 2008, the draft law on ratification of the provisions of the Convention on the Regulation of electronic signature in the field of electronic transactions between the Arab countries.” (more…)

Director of private banks: the launch of credit cards, various blocks will reduce the cash in the market and facilitate financial matters

Posted: January 18, 2012 in Iraqi Dinar/Politics
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On: Wednesday 18/1/2012 8:50

Baghdad (news) .. Called on the Director of the Association of private banks Abdul Aziz al-Hassoun to launch credit cards variety Kalmastr Card and Alvezacard after the successful use of the smart card in the delivery of pensions.

said Hassoun (of the Agency news) on Wednesday: that this process will facilitate a lot of financial matters and reduce the bloc’s monetary market local, calling for awareness of citizens and encouragement to deal with these cards. (more…)

Credit cards guaranteed world in Iraq

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Trade Bank of Iraq's Logo

14.01.2012

Trade Bank of Iraq announced that a high-quality credit card will be issued for the first time in Iraq and in cooperation with international banks and companies sober, in a move to increase the volume of credit card transactions in Iraq.

And describes the director of the Bank Hamdiya dry to the credit card new will be issued two types; Gold Card, which will be given to all citizens who wish to do so, and the size of a credit at least 500 thousand dinars, and cards, “Infinity,” which will be allocated to the category of business, the size of a credit than one hundred thousand dollars.

Showed dry in an interview with Radio Free Iraq that the Trade Bank of Iraq was the only bank in the country which has the membership of companies (Visa) and MasterCard World Wars, and points out that the bank plans to raise the credit limit of the bank in international banks by increasing the capital of 500 billion Iraqi dinars to 1,000 billion dinars. (more…)

Rasheed Bank: Iraqi banks suffer from technological backwardness and lack of confidence by citizens; We are working to advance our systems

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Sun 01/15/2012 14:24

Baghdad (news) .. The member of the Board of Directors of the Bank Rashid Hussein Kazaz the government to work on bringing advanced financial systems technologies and gain the confidence of the citizen banks of Iraq to avoid the obstacles facing them.

said Kazaz (the Agency news) on Sunday: The Iraqi banks now suffer from the difficulty of technology transfer due to lack of knowledge Full of technology banking force in the countries of the world advanced, and the lack of trust between the Iraqi banks and the public has a role in the obstruction of banking that citizens fear to deal with Iraqi banks. (more…)

Najafi postponed meeting of the Council of Representatives to Thursday January 19th

Posted: January 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Chairman of the House of Representatives decided to Osama Najafi, Sunday, postpone the hearing of the House of Representatives of the 13 which had been scheduled for next Tuesday to Thursday 19 December, the current, due to preoccupation with leaders of political blocs preparatory meetings for the National Conference.

The Information Office of the Ngeevi in ​​a statement issued today, and received “Sumerian News” copy, “The House of Representatives Speaker Osama Najafi, decided to postpone the hearing of the House of Representatives of 13, which was scheduled for next Tuesday to Thursday 19 December, the current,” attributing postponement to the “busy leaders of political blocs preparatory meetings for the National Conference in Baghdad and Kurdistan.”

(more…)

House of Representatives begins its agenda, and includes a second reading of the draft budget

Posted: January 7, 2012 in Iraqi Dinar/Politics
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Council of Representatives resumed its sessions this afternoon after a quorum and the agenda includes the second reading of the draft financial budget.

A source told the Council in all of Iraq [where] that “the House of Representatives will read the first reading of the draft law of private universities The third amendment to the Law Academy Law No. (3) for the year 1995 and the law of the First Amendment of the Law of the Ministry of Labour And Social Affairs And Control Act Amendment Act No. smuggled money (18) for the year 2008 and the first reading of a draft law on ratification of Convention on the Regulation provisions of the sign Mail in the field of electronic transactions between the Arab countries. ” (more…)

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