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Central acclaim parliamentary support for private banks .. Search and money laundering
Sat, May 23, 2015 19:35
Iraq announces the development of its branches abroad
BAGHDAD - Constitution
Described member of the Committee of Economy and Investment parliamentary, Najiba Najib, the central bank's decision to launch an amount trillion dinars for private banks and increase the share of dollar sales for banking companies as a positive step to reduce the volatility in the Iraqi currency exchange rates. The Central Bank of Iraq has announced to take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency to sustain the actions exchange rate. She said Najib said the central bank's decision to release funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to the support of local production and enhance the dinar against the Atar.ooodan that this step is a movement in the Iraqi market through loans given to small and medium-sized projects in the country. The central bank recently announced that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, confirmed that Iraqi financial institutions are unable to fiscal deficit coverage, stressing the need to re-examine the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices. For his part, Rafidain Bank confirmed that its branches abroad began to evolve better, which has become parallel to the work of the banks located in the region. The general director of the bank on behalf of Kamal al-Hassani said in a statement, said that the branches of the bank in the Arab countries, specifically in Bahrain, Yemen, Jordan, Lebanon, Egypt, lead services on an ongoing basis to the Iraqi community and to the commercial and financial sector in those Albuldan.ookd that the General Directorate of the bank has worked to strengthen their financial positions, In order to be parallel with their counterparts in the region. Separately, the parliamentary finance committee plans to meet with the Presidency of the Council of Representatives, on the work of banks and money laundering process. The committee member said Masood Haider, that the committee would meet soon with the Presidency of the Council of Representatives, on the subject of banks and the process of money laundering, as it has been holding meetings in the past and will continue this Allqaouat.oadav that the Commission other things, related to hosting the Legal Department of the House of Representatives director, and Ministry of Finance, in addition to hosting the senior staff in the financial during the coming period. He explained that during the meeting the Committee discussed a set of laws, including the draft of the Federal Narcotics Control Revenue Bill, the expropriation of the law of the former regime, as well as modification of Chartered Accountants and other things the law.
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Sat, May 23, 2015 19:35
Iraq announces the development of its branches abroad
BAGHDAD - Constitution
Described member of the Committee of Economy and Investment parliamentary, Najiba Najib, the central bank's decision to launch an amount trillion dinars for private banks and increase the share of dollar sales for banking companies as a positive step to reduce the volatility in the Iraqi currency exchange rates. The Central Bank of Iraq has announced to take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency to sustain the actions exchange rate. She said Najib said the central bank's decision to release funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to the support of local production and enhance the dinar against the Atar.ooodan that this step is a movement in the Iraqi market through loans given to small and medium-sized projects in the country. The central bank recently announced that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, confirmed that Iraqi financial institutions are unable to fiscal deficit coverage, stressing the need to re-examine the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices. For his part, Rafidain Bank confirmed that its branches abroad began to evolve better, which has become parallel to the work of the banks located in the region. The general director of the bank on behalf of Kamal al-Hassani said in a statement, said that the branches of the bank in the Arab countries, specifically in Bahrain, Yemen, Jordan, Lebanon, Egypt, lead services on an ongoing basis to the Iraqi community and to the commercial and financial sector in those Albuldan.ookd that the General Directorate of the bank has worked to strengthen their financial positions, In order to be parallel with their counterparts in the region. Separately, the parliamentary finance committee plans to meet with the Presidency of the Council of Representatives, on the work of banks and money laundering process. The committee member said Masood Haider, that the committee would meet soon with the Presidency of the Council of Representatives, on the subject of banks and the process of money laundering, as it has been holding meetings in the past and will continue this Allqaouat.oadav that the Commission other things, related to hosting the Legal Department of the House of Representatives director, and Ministry of Finance, in addition to hosting the senior staff in the financial during the coming period. He explained that during the meeting the Committee discussed a set of laws, including the draft of the Federal Narcotics Control Revenue Bill, the expropriation of the law of the former regime, as well as modification of Chartered Accountants and other things the law.
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