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Hassani (time): We seek to open London branch and the introduction of the latest technological techniques and keep abreast of developments
– July 22, 2015
Director General of Iraq reveals the frustration banking piracy and operation of 280 billion dinars in the market
Hassani (time): We seek to open London branch and the introduction of the latest technological techniques and keep abreast of developments
{Fight corruption and tighten raise grudge muggers
{Monitor the clearing system and the vagaries of daily cash balance and fortifies the bank
{Profits and the development of the central treasury and balance exceeds
12 trillion dinars
Baghdad Mr. Ali Jassim
Rafidain Bank has achieved financial profits exceeded 200 billion dinars during one year by a balance of 700 billion dinars during a short period and was able to lay hands on 280 billion dinars, which operated markets illegally against the pressures and attempts to influence the bank surrounding the work the administration many of the details particularly with regard to the management of its branches in excess of seventy percent and branches inside and outside the country amid the economic situation that the country is going through changes and the need to find a financial processors fill the shortfall in the balance of payments.
As for the banking transaction details and keep up with the necessities of the latest developments and what he introduced the bank of techniques have contributed to the detection of embezzlement attempt met with huge sums (time) with the director general of Iraq on behalf of al-Hassani and was with him the following interview:
{How do you banking system in the country and what are the strengths and weaknesses citizen at this stage?
- Before they attach to this subject must look to the banking history of Iraq as the sector suffered a lot of setbacks caused outside the control of the sector, especially in the wars and international actions that got as far as the freezing of assets and compliance with specific actions in addition to the action taken by countries around the world in 1990 containing the imposition of the blockade on Iraq and a freeze on assets and prevented the Rafidain Bank and Rasheed deal externally and learn the latest private banks scientific and technical developments and thus declining sector behind global development, and after 2003 there were intentions to develop these banks, but the banks had been robbed and looting, theft and destruction during extended wars that have passed them and thus become branches and general management and all its facilities affected by the great damage that hit as well as exposure of their money for cracks through settlements and expropriations that took place on the outer our money because of a freeze on assets and the blockade and the maturity of the creditors on the Iraqi government and moved the debt to the Bank of Iraq, all these factors played a role in the decline of the bank, and after 2003, the big plans for its development but remains the subject of technologies that do not come once a case development requires it to staff training and development and to identify the foreign technologies through the cadres of educated and to create suitable ground balanced and correct in line with the concept of an employee who works for us by culture and Almath and his testimony and thus balanced development comes, and since we receive to manage the bank in March 2013 month began offering some of the techniques through my knowledge of the work of banks abroad and transferred this experience to Rafidain Bank and provided a database to all its branches operating in Iraq and we follow the high technology which they can be the balance of financial audit unified, and a system for each branch linked system online encrypted and we were able to arrange important program system which is to be a trial balance every day in the eleventh o'clock in the morning than has been achieved in the previous day and which can be found on the financial variables, monitoring and across the system recognize our calculations and the movement of money and clearing and places imbalance and the needs of our branches and credit and our needs from cash and all matters related to the bank, which represents the balance of a unified budget to the bank every day.
{What is the most prominent of Edjltamoh technological side?
- Our quest to develop a smart card as much as it comes to retirees outside Iraq and signed a partnership with MasterCard company and we are now beginning to pay the salaries of retirees abroad who were suffering from being forced to go to the foreign branches as it takes more time, sometimes until the check salary and registered in card account, and with MasterCard can use them for the purpose of purchasing and deposits and withdrawals from ATM and through more than 110 banks in the world without specifying the place or location and different from traded locally and which are used for the purposes inside Iraq only with using MasterCard in most of the world countries for different purposes .
{Is there anything new in the local ironing Card Services?
- Ironing Card where many options it is possible that carries out its activities through the relevant company and use needs to cultures because the nature of their use must be consistent with the overall development of the country. If through which to pay the electricity bill or water or gasoline bill, they need to provide appropriate devices in this places with availability of the culture of the employee working in. It is possible to use in the purchase and bookings and landlines, either to Card offset by the bank's balance represents the card value of any if they contain disbursements by about 500 000 dinars imposed the user has the balance of the same amount in the bank acted under the cash Availability in the account it is settled directly when used any when you want to use the card in place of banking, for example, or a bank give the card and ask him to sum assume that 200 000 Danarvicom withdraw the amount under the card and get to know you personally pulls you card paper tape the availability of balance of the user who shall bank or office banking give you a refund of your fund amount Cash In this meantime, the bank transferred the amount from your balance to the balance of the amount given you as well as it can be used in the markets for the purposes of purchase.
{Km branch of the bank in the Arab countries and abroad?
- We have eight branches abroad and seek to open another branch in London, the most prominent of two branches in Jordan are the Jabal Amman and the regional branch and branches in Cairo, Beirut, Abu Dhabi and Bahrain, Sana'a and are heading now to re-open London branch, which was the first Arab bank in Europe, founded in 1952 and ceased in 1990 due to the blockade and a freeze on assets and subjected to liquidation because of Iraq's debt and we began about 7 months ago to seek re-opened, especially that we still reserve the building in the most important area of London, specifically Leiden Holly City area wonderful and the property of the bank building and are now seeking to rehabilitate it and get re-opening of the bank's license BoE will then be re-opened again.
{What are the new branches opened by the bank since your assumption of the administration?
- We started the rehabilitation of foreign branches, particularly in the Jordanian capital, Amman, and we have a branch which is not at the required level, which is consistent with the reputation of the bank and the country and we got a new building in a good business area, and most of the buildings owned by the bank and that the building is rehabilitated beautifully in line with the reputation and the location of the bank will be opening soon and in Bahrain we were rehabilitated branch beautifully and strive toward the purchase and rent a building in Beirut because our branch there in inappropriate site is not consistent with his status as well as that the building is not qualified and is good and S_delh best alternative location, as we approached some of the countries that we do not have the bank branches to get to know the instructions and controls.
{How many branches of the bank in the country?
- At home we have 167 branches in all provinces dispersed by 61 branches in Baghdad and 106 in the rest of the provinces, along with branches abroad that have been mentioned in advance.
{Daash terrorist organization took over the Nineveh province and a number of hot provinces, Were you able to save money in bank branches?
- Mosul incident suddenly got for all, where there were not large reserves There is no doubt that we are in Mosul, we have 14 branches 7 of them in the city center and are within the control of Daash and acted in a way that forced the employees and heads of branches that Evthoha and exercise their activity with customers to choose Daash through the identification of the person and Mzhbath and Aaidath and this arbitrary measure Atsalaltna cut off these branches and we do not know now how to be placed? And can interior ministries and the defense only to reveal the sites and explain what happened, either our branches in the parties have treated her the quick disposal and sound and we spent exaggerated in the form of salaries and prior to their arrival to the parties then Asafna time before they arrive at the branches of parties, most branches did not stay on the money in stored but some branches were bombed because terrorists gatherings aircraft and have to bombard their communities, such as the role which was comprised of a gathering of terrorists led by a terrorist Moroccan nationality was not the section containing only a small amount does not remember branch locations.
{What is the total amount seized by Daash both in Nineveh in Iraq or in general?
- We can not say that the money was stolen or not stolen, because our branches and our coffers remains closed and disposition related branch managers because they are authorized to act in such circumstances and if they are forced to open Is it for the purposes of work or theft.? And this can not be we know at the moment, either in Anbar, we have no problem in their branches because they do not contain any amounts due precautions send sums of money for direct use that is sufficient to the needs of the ministries and the provincial council so where any amounts remember No.
{What is available to employees and citizens and current retirees of banking facilities and financial and real estate self and others?
- Since 2010 until a few months ago the bank exercised Activity grant housing loans to employees representing a hundred salary that does not exceed the amount of 50 million dinars for degrees without the general manager and the degree of the year and upwards director does not exceed a hundred million dinars and will pay for 10 or 15 years at the option of the employee and contributed to this process by providing liquidity to the staff, to provide for themselves Sakana generous and all state employees and the central government of the Council of Ministers Department of ministries between Rafidain Bank and Rasheed Bank ie, that portion of the ministries on the good and the other on Iraq, and Mesopotamia granting about 400 000 employees in the state this kind of loans also contributed to the bank again, inter alia, citizens loans by 30 million dinars provided that mortgage bond or the signing of support against the sponsor then provides real estate support later and to be paid for five years for citizens in general, in addition to providing another project which soft loans amounting to 7 million and a half million dinars for low-income and poor people, and the like, in coordination with the Ministry of Labour and Social Affairs gave the bank also loans for industrial banks, agricultural, real estate and we have given about 400 to 500 billion dinars to the bank mortgage to be able to lend to the citizens for the purposes of mortgage loans in exchange for building residential properties in their favor as we practice Activity selling cars in installments earlier across provincial and now we have chosen a new system arbitrator selected a group of staid companies that have cars world-class good currently exist and are about to run out because we started the project for about 6 to 7 months and our goal him to item purchased and given to be good beneficiary are located on the street longer and be civilized and provide security where it is consumed before the loan is repayable become a heavy burden on the citizen and therefore chose solid companies, including Toyota, Mitsubishi, Hyundai, Kia, Ford and Dodge, because these cars are solid and strong in the street and at the same time made us citizens contribute a portion of the value of It is the vehicle that drives Introduction ten percent of its value to prove the seriousness on the contrary loans that had previously been granted some banks through the delivery of the car without charge or Introduction This is not true.
{Have you been working facilities that I mentioned or stopped is still available to citizens?
- For cars, the available funds are allocated, because we have the right to credit and give whereby loans and advances and the paragraphs of a certain specialization in the beginning of each year as if to be 100 billion dinars allocated at the beginning of a new year, or 500 billion dinars from housing loans, or 100 billion dinars of soft loans and these amounts specific within the customization and when customization Ends with the project and car loans is nearing completion and either housing loans have allocated but because of regulatory issues Ministry of Finance Aoagafnaha until a review of the mechanisms and evaluate the project and revenues and see serious repayment of government departments.
{What about other segments such as journalists, writers, artists, university professors, trade unionists and others?
- We have loans for artists and journalists, where there was an advance of three million to support these segments and there were loans amounting to 15 million dinars reporters media was for journalists in coordination with the Journalists' Syndicate and these loans are currently parked was not the implementation of 100 percent of the required revision, arranging and there loans for doctors and pharmacists There is nothing wrong from the reactivation of loans to this segment to secure a decent living have not quite of Ejad coordination of Anagaah journalists, trade unions and other for this purpose open and the bank in front of all the Iraqi elite to provide possible facilities to improve the living conditions of intellectuals As for for teachers and university professors This slide linked to the Ministry of Higher Education and Scientific Research Ministry and deals with either the Rasheed Bank and the Ministry of Education are on the Rafidain Bank and gave us most of its staff from teachers and teachers in the district housing loans and advances centers despite the enormous number.
{What are the obstacles facing the work of the bank, in particular the branches of the bank a small space does not accommodate the preparation of the reviewers?
- Bank is a public company and applies the law of 22 and operates controls under the rules of procedure it differs from private banks and these restrictions and controls some of them shackled and as far as the rehabilitation of buildings and development must return to government contracts and the law of sale and rental properties the state and these restrictions, controls and now we are toward determine how the restrictions nothing by little and were given the power of the bank is to act and their last money and estates in line with the development of the bank and, although he self-financing, but it is owned by the Ministry of Finance because the capital goes back to the treasury ministry to this that some of the decisions of the Board of Directors require the approval of the Ministry.
{What about the changes in the dollar exchange, in your opinion what are the necessary measures to not to repeat the climb and maintain the sobriety of the Iraqi dinar? What is your opinion about the lifting of the zeroes from the local currency?
- For the lifting of the zeroes do not support the application at the present time because the lifting of the zeroes is not just a case of psychological or moral as far as it comes to be built on the strength of the economy and we are still suffering from a cracked and the weakness of the economy, especially with respect to the balance of payments that reads minus therefore raise zeros do not means nothing, and obliges us to add zero last future and a lot of companies, especially private and mixed sector shares worth one dinar any book value and some of them became market value them, for example, about 100 fils, or 200 fils and if we went to the lifting of the zeroes How will you deal with the shares of these companies values So we will eliminate these companies to raise zeros as well as we see the experiences of the countries surrounding us and the countries of the world and how to change their economic reality and raised zeros where that Turkey does not lift the zeroes, but after more than 80 years of change where and nevertheless continue to suffer from economic cracks because of fear of lifting of the zeroes today and come back later to add zero last and hold the Iraqi currency burden and another mistake, either on exchange rates requires the study of the national output of non-oil output and therefore there is a balance in the Iraqi currency exchange to foreign and the lack of change in the markets and the price of the parallel market and auction the central bank and the price of private banks and transfers and all volatile prices, one of the problems for this there must be a specific and stability of a fixed rate and adopted by everyone and it needs some sacrifices and courage in the planning is sure is that the central bank sets monetary policy of cooperation with the competent authorities.
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{What is the role of the bank in the fight against money laundering?
- The subject of money laundering set the standards of international organizations and on the track central banks in both countries reported the instructions of banks operating with in accordance with the know your customer and form particular to identify the sources of money a person before the base to start with the exercise of banking activity and the nature of his situation and potential and activity of the thus when they are There are revenues be confirmed according to fixed criteria to be adopted everyone either in Iraq, it is countries that depend on dealing directly with cash in light of the lack of comprehensive technical Per institutions and private banks, government and specialized This possibility, which includes all and accommodate all citizens' activities and therefore can shed dinar Iraqi and direct but wars and setbacks that got circumstances citizens took refuge in a trade deal direct cash daily fear and in order to preserve their money, or the lack of full confidence, but we are still as a bank Rafidain confirm that citizens continue to rely on us and deposited their money we have, because he did not witness any position to which the bank may breach of its obligations and its agreements despite the bad conditions and the good reputation of the bank attested since its inception in 1941.
{Under the fiscal austerity that the country is going through what needed to address the imbalance solutions do you think?
- That the decline in the price of oil a negative impact because it is not our pillars of the economy and we are dependent on the government, because we Rei community and this is what compounded the problem as we built our plans and Moisanatena the price as if this price will remain as it is for decades and this is not true, we have built the salaries of some of them may be exaggerated Even degrees of Central jobs and the size of the massive staff we of the very large outstanding public sector State and therefore this cost the state in the absence of a rival oil as the product of a national else that achieves our revenue, this budget which has not been studied in advance and placed it was believed that the decline will be gradual, but if we read history, we find that the decline does not need, but for days and only the economies of some countries in the world have collapsed because of this change to this resorted countries of the world to other sources of resources and began to develop industries and investments and the evolution of its outlets and its ports and do foreign investment to their countries and the adoption of a tourist complexes and factories sponsored farms and livestock products, especially that Iraq where Several of the many riches but unfortunately the state-owned factories hit by the problem of the lack of evolution in them as well as the absence of support as well as that imported goods less expensive than the local product and this longer a problem, and even if the importer is less than the local product, add it and the more developed plants become the cost of production is less, factories in general has become nowadays rely on high-tech unlike what exists in the country's factories are dependent on labor more than the technical side and therefore costs become higher and this costs the Supreme can be addressed in some countries that suffer what we suffer at this time was importing goods from abroad less expensive than the local product add on fees are called to support local industries fee.
{Is there political pressure facing your work in order to pass the suspicious transactions or banking facilities outside controls, and whether you place order to threats or discredit for not having responded to those pressures, if any, and how did you deal with it?
- Since 2013 when I receive the job you are firm in to edit something placed in the Rafidain Bank interest and return it to its normal position and reputed among the world's banks and started looking at restructuring the bank and arrange his cards as well as strengthen the side control and continuing our work and the emphasis on the regulatory side, which open us problems is many were to find a problem in one of the branches in Baghdad and is embezzlement of large funds precedent for years where follow up the issue and we were able to get part of the money but the beneficiaries of these funds do not want the bank to fight corruption and with regret that some officials uncooperative, and I wish to stress that since I receive This office has seen the bank a major development as she was his money scattered and was tally 700 billion dinars During the 6 months I was able to cross the reorganization of the accounts that Mark balance of 12 trillion dinars as to our credit with the central bank at least 6 to 7 trillion dinars in addition to the treasury departments and worth noting that these funds are funds of citizens and reviewers depositors' confidence Rafidain Bank and now see the bank a revival but this renaissance and development does not satisfy the other of thieves and muggers but raises Dginthm and some of them trying to extort this institution or breached in any way, including those involved recent incident on forgery instruments with the main branch, where it was processed with high professionalism not seen any bank through the history of the Iraqi state, as the process has been to detect and stop the Money Transfer encrypted surveillance system that allows follow-up of financial Althawwalat variables and the international system in force in the exchange and can not be any hackers manipulating money deposited our after it was electronic clearing system marred by some failures and now were adjusted after these problems occur, and these failures have prompted some weak people to infiltrate the system and Aattlunha certain periods in order to instruments realized the other side because they contain timing, and we have preparations and put control departments working mirrors reflex system and this is not applicable in Iraq previously deployed abroad only our work done with the oversight services during my stay out of Iraq and the situation was controlled because I was in the State of Bahrain and you've told in advance oversight services work where figures multiplied suddenly appeared manipulation employee President and ROI dealt position is smooth and easy and reversed all the amounts realized in the accounts and has involved Accounting and bring them to justice has also been retrieved 280 billion of money were dominating them and the duration of more than two years before I came, where was the money to employ a run in the market and has control.
It must be remembered that all those who come to the institution asking something he did not achieve it puts us enemies of him and acting inappropriately and prejudice us and family and anyone close to me, thank God, my family immune to all these details and I'm from a good family and tell them that they continue this hostility and hurt they are to Aaadhun person As far as annoy Foundation, a lingering as continued since it was founded and successively by more than 30 as general manager, but she remained steadfast and will stay carry out my well not go out for administrative contexts and ethical and can not Atnini one we are an independent entity institution and we deal with money citizens and we have to be careful them and trusting them and since we took office began to bank to achieve profits note that four years ago I came there were accumulated losses and we have achieved in 2013 about 200 billion dinars profit and in 2014 may get to the higher amount of this figure to support the bank and take the treasury 25 percent, by the way we Agherdhana companies salaries self-financing of the Ministry of Industry and the bank that loaned the Ministry of Finance, which was give companies 9 trillion dinars and still paying the salaries of corporate self-financing four years ago from the funds of the bank and give loans to the Ministry of Finance and reimburse them and the bank still standing but not good management with managers in departments and assistants and the competent departments such as studies and consulting and legal circles credit and training and other what achievements have been achieved and confirm that strong foundation and potential stronger and will not allow anyone penetrating Wi defamation does not make sense no value here should pose the question why did not suffer me someone before receiving the General Administration of Bank presidency of its board in spite of my presence and the continuation of my work in the local and international banking sector? Any sense that systematically targeting purposes and has well-known and in any case I am an employee and an official linked to the Ministry of Me and the Minister of Finance is to decide whether or not to keep me a job which assesses my work is also linked to the Council of Ministers.
{Do you think you are not a target?
- I do not think I'm the target and the bank the only one of the targeted institutions because it is the guardian of the money and I am not a target, but the institution is the target if you're a target for the targeting by the job and thank God my relations good with everyone and I was head of one of the administrative institutions in the world and the Arab Banking Corporation Consulting in Jordan and called The international arbitration courts come back to me, and go to arbitration between financial and banking issues before receiving the post of management of the bank, who worked in it more than 30 years.
Biography
{Some may not know you for various reasons it is you are and what you are working and what are your resume?
- I'm on behalf of Kamal Mehdi Hassani Haeri title Hosni ratios serious Sayed Mahdi Shams scholars a street in Karbala bearing his name and called the sun of scholars because he was a jurist scholars in Iraq by order of King Faisal I, and my mother's cousin's Foreign Minister Ibrahim al-Jaafari grew up in a religious family is committed, completed a study Bachelor's degree in English literature and the other in the field of foreign and monetary policy investments and took up a Rafidain Bank in 1980 and I was working before the Rafidain Bank in the Commercial Bank of Kuwait in 1978 and returned to Iraq in 1980 and rolled positions in the bank as of foreign credits because of good foreign guarantees my English and worked in investment and became the director of the upper branch and then as director in Sana'a branch in Yemen for four years and worked the UN Compensation secretary and commissioned for this site in 1991 and worked as a member of the Commission memorandum of understanding and a consultant for Financial Affairs to the Minister of Commerce representative the Ministry of Finance Although I was not as general manager on that date and that the Commission It may not be attached, but general manager of Bosttnaia to proprietary exceptional experience and has worked in the Foreign Ministry experts Affairs compensation and in 2000 was awarded the degree of expert and Vote Iraq at the time of the British Arab bank group because Iraq was his contribution to the British Arab Commercial Bank in London and I'm the only Iraqi who accepted British To get into that date and remained in it as a member of the Board of Directors and I attended every two months for its meetings and stayed for more than 3 years in addition to that I am in 17 of the Committee in the Iraqi state member at the time, and chairman of the indebtedness of Iraq's own appropriations Rafidain Bank and then after 2003 and the demise of the former regime, things have changed and because of the absence of security and the lack of visibility and resection with the whims of the institution was proposed that lasted scenario banker did not Asthassanh and I thought I go out of my job after the experience of 28 years and left the job and there was no refuge for me and my children is Jordan and my in the bank contain wrote Acknowledgement not carried by any Iraqi in my field .
How I went back to work in the bank?
After the issue of the governor, former central bank Shabibi invited former Prime Minister Nuri al-Maliki to take over as honorary advisor of Prime Minister for Financial Affairs and led the committee to evaluate the performance of the central bank and brought a certain period in the month and give my opinion and come back to Amman and actually worked and wrote reports taken by the central bank and we were able to During the Committee addressing the price situation in 2012 and I continued for a period of 6 months in committee and then decided to Prime Minister my appointment as general manager in the bank either residential dwell in the Jadiriyah district of Baghdad allowance Rent I do not have one of the ground-meter in Iraq, but I own outside Iraq house and an apartment only after it was I have a house in the Ghazaliya area you sell it and I have a piece of land in the neighborhood competencies you also are selling and when I went with my family to Jordan early was cheap price for an apartment in my name and I bought a house in the name of my wife and all my children are married and settled in Amman and continue their studies
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– July 22, 2015
Director General of Iraq reveals the frustration banking piracy and operation of 280 billion dinars in the market
Hassani (time): We seek to open London branch and the introduction of the latest technological techniques and keep abreast of developments
{Fight corruption and tighten raise grudge muggers
{Monitor the clearing system and the vagaries of daily cash balance and fortifies the bank
{Profits and the development of the central treasury and balance exceeds
12 trillion dinars
Baghdad Mr. Ali Jassim
Rafidain Bank has achieved financial profits exceeded 200 billion dinars during one year by a balance of 700 billion dinars during a short period and was able to lay hands on 280 billion dinars, which operated markets illegally against the pressures and attempts to influence the bank surrounding the work the administration many of the details particularly with regard to the management of its branches in excess of seventy percent and branches inside and outside the country amid the economic situation that the country is going through changes and the need to find a financial processors fill the shortfall in the balance of payments.
As for the banking transaction details and keep up with the necessities of the latest developments and what he introduced the bank of techniques have contributed to the detection of embezzlement attempt met with huge sums (time) with the director general of Iraq on behalf of al-Hassani and was with him the following interview:
{How do you banking system in the country and what are the strengths and weaknesses citizen at this stage?
- Before they attach to this subject must look to the banking history of Iraq as the sector suffered a lot of setbacks caused outside the control of the sector, especially in the wars and international actions that got as far as the freezing of assets and compliance with specific actions in addition to the action taken by countries around the world in 1990 containing the imposition of the blockade on Iraq and a freeze on assets and prevented the Rafidain Bank and Rasheed deal externally and learn the latest private banks scientific and technical developments and thus declining sector behind global development, and after 2003 there were intentions to develop these banks, but the banks had been robbed and looting, theft and destruction during extended wars that have passed them and thus become branches and general management and all its facilities affected by the great damage that hit as well as exposure of their money for cracks through settlements and expropriations that took place on the outer our money because of a freeze on assets and the blockade and the maturity of the creditors on the Iraqi government and moved the debt to the Bank of Iraq, all these factors played a role in the decline of the bank, and after 2003, the big plans for its development but remains the subject of technologies that do not come once a case development requires it to staff training and development and to identify the foreign technologies through the cadres of educated and to create suitable ground balanced and correct in line with the concept of an employee who works for us by culture and Almath and his testimony and thus balanced development comes, and since we receive to manage the bank in March 2013 month began offering some of the techniques through my knowledge of the work of banks abroad and transferred this experience to Rafidain Bank and provided a database to all its branches operating in Iraq and we follow the high technology which they can be the balance of financial audit unified, and a system for each branch linked system online encrypted and we were able to arrange important program system which is to be a trial balance every day in the eleventh o'clock in the morning than has been achieved in the previous day and which can be found on the financial variables, monitoring and across the system recognize our calculations and the movement of money and clearing and places imbalance and the needs of our branches and credit and our needs from cash and all matters related to the bank, which represents the balance of a unified budget to the bank every day.
{What is the most prominent of Edjltamoh technological side?
- Our quest to develop a smart card as much as it comes to retirees outside Iraq and signed a partnership with MasterCard company and we are now beginning to pay the salaries of retirees abroad who were suffering from being forced to go to the foreign branches as it takes more time, sometimes until the check salary and registered in card account, and with MasterCard can use them for the purpose of purchasing and deposits and withdrawals from ATM and through more than 110 banks in the world without specifying the place or location and different from traded locally and which are used for the purposes inside Iraq only with using MasterCard in most of the world countries for different purposes .
{Is there anything new in the local ironing Card Services?
- Ironing Card where many options it is possible that carries out its activities through the relevant company and use needs to cultures because the nature of their use must be consistent with the overall development of the country. If through which to pay the electricity bill or water or gasoline bill, they need to provide appropriate devices in this places with availability of the culture of the employee working in. It is possible to use in the purchase and bookings and landlines, either to Card offset by the bank's balance represents the card value of any if they contain disbursements by about 500 000 dinars imposed the user has the balance of the same amount in the bank acted under the cash Availability in the account it is settled directly when used any when you want to use the card in place of banking, for example, or a bank give the card and ask him to sum assume that 200 000 Danarvicom withdraw the amount under the card and get to know you personally pulls you card paper tape the availability of balance of the user who shall bank or office banking give you a refund of your fund amount Cash In this meantime, the bank transferred the amount from your balance to the balance of the amount given you as well as it can be used in the markets for the purposes of purchase.
{Km branch of the bank in the Arab countries and abroad?
- We have eight branches abroad and seek to open another branch in London, the most prominent of two branches in Jordan are the Jabal Amman and the regional branch and branches in Cairo, Beirut, Abu Dhabi and Bahrain, Sana'a and are heading now to re-open London branch, which was the first Arab bank in Europe, founded in 1952 and ceased in 1990 due to the blockade and a freeze on assets and subjected to liquidation because of Iraq's debt and we began about 7 months ago to seek re-opened, especially that we still reserve the building in the most important area of London, specifically Leiden Holly City area wonderful and the property of the bank building and are now seeking to rehabilitate it and get re-opening of the bank's license BoE will then be re-opened again.
{What are the new branches opened by the bank since your assumption of the administration?
- We started the rehabilitation of foreign branches, particularly in the Jordanian capital, Amman, and we have a branch which is not at the required level, which is consistent with the reputation of the bank and the country and we got a new building in a good business area, and most of the buildings owned by the bank and that the building is rehabilitated beautifully in line with the reputation and the location of the bank will be opening soon and in Bahrain we were rehabilitated branch beautifully and strive toward the purchase and rent a building in Beirut because our branch there in inappropriate site is not consistent with his status as well as that the building is not qualified and is good and S_delh best alternative location, as we approached some of the countries that we do not have the bank branches to get to know the instructions and controls.
{How many branches of the bank in the country?
- At home we have 167 branches in all provinces dispersed by 61 branches in Baghdad and 106 in the rest of the provinces, along with branches abroad that have been mentioned in advance.
{Daash terrorist organization took over the Nineveh province and a number of hot provinces, Were you able to save money in bank branches?
- Mosul incident suddenly got for all, where there were not large reserves There is no doubt that we are in Mosul, we have 14 branches 7 of them in the city center and are within the control of Daash and acted in a way that forced the employees and heads of branches that Evthoha and exercise their activity with customers to choose Daash through the identification of the person and Mzhbath and Aaidath and this arbitrary measure Atsalaltna cut off these branches and we do not know now how to be placed? And can interior ministries and the defense only to reveal the sites and explain what happened, either our branches in the parties have treated her the quick disposal and sound and we spent exaggerated in the form of salaries and prior to their arrival to the parties then Asafna time before they arrive at the branches of parties, most branches did not stay on the money in stored but some branches were bombed because terrorists gatherings aircraft and have to bombard their communities, such as the role which was comprised of a gathering of terrorists led by a terrorist Moroccan nationality was not the section containing only a small amount does not remember branch locations.
{What is the total amount seized by Daash both in Nineveh in Iraq or in general?
- We can not say that the money was stolen or not stolen, because our branches and our coffers remains closed and disposition related branch managers because they are authorized to act in such circumstances and if they are forced to open Is it for the purposes of work or theft.? And this can not be we know at the moment, either in Anbar, we have no problem in their branches because they do not contain any amounts due precautions send sums of money for direct use that is sufficient to the needs of the ministries and the provincial council so where any amounts remember No.
{What is available to employees and citizens and current retirees of banking facilities and financial and real estate self and others?
- Since 2010 until a few months ago the bank exercised Activity grant housing loans to employees representing a hundred salary that does not exceed the amount of 50 million dinars for degrees without the general manager and the degree of the year and upwards director does not exceed a hundred million dinars and will pay for 10 or 15 years at the option of the employee and contributed to this process by providing liquidity to the staff, to provide for themselves Sakana generous and all state employees and the central government of the Council of Ministers Department of ministries between Rafidain Bank and Rasheed Bank ie, that portion of the ministries on the good and the other on Iraq, and Mesopotamia granting about 400 000 employees in the state this kind of loans also contributed to the bank again, inter alia, citizens loans by 30 million dinars provided that mortgage bond or the signing of support against the sponsor then provides real estate support later and to be paid for five years for citizens in general, in addition to providing another project which soft loans amounting to 7 million and a half million dinars for low-income and poor people, and the like, in coordination with the Ministry of Labour and Social Affairs gave the bank also loans for industrial banks, agricultural, real estate and we have given about 400 to 500 billion dinars to the bank mortgage to be able to lend to the citizens for the purposes of mortgage loans in exchange for building residential properties in their favor as we practice Activity selling cars in installments earlier across provincial and now we have chosen a new system arbitrator selected a group of staid companies that have cars world-class good currently exist and are about to run out because we started the project for about 6 to 7 months and our goal him to item purchased and given to be good beneficiary are located on the street longer and be civilized and provide security where it is consumed before the loan is repayable become a heavy burden on the citizen and therefore chose solid companies, including Toyota, Mitsubishi, Hyundai, Kia, Ford and Dodge, because these cars are solid and strong in the street and at the same time made us citizens contribute a portion of the value of It is the vehicle that drives Introduction ten percent of its value to prove the seriousness on the contrary loans that had previously been granted some banks through the delivery of the car without charge or Introduction This is not true.
{Have you been working facilities that I mentioned or stopped is still available to citizens?
- For cars, the available funds are allocated, because we have the right to credit and give whereby loans and advances and the paragraphs of a certain specialization in the beginning of each year as if to be 100 billion dinars allocated at the beginning of a new year, or 500 billion dinars from housing loans, or 100 billion dinars of soft loans and these amounts specific within the customization and when customization Ends with the project and car loans is nearing completion and either housing loans have allocated but because of regulatory issues Ministry of Finance Aoagafnaha until a review of the mechanisms and evaluate the project and revenues and see serious repayment of government departments.
{What about other segments such as journalists, writers, artists, university professors, trade unionists and others?
- We have loans for artists and journalists, where there was an advance of three million to support these segments and there were loans amounting to 15 million dinars reporters media was for journalists in coordination with the Journalists' Syndicate and these loans are currently parked was not the implementation of 100 percent of the required revision, arranging and there loans for doctors and pharmacists There is nothing wrong from the reactivation of loans to this segment to secure a decent living have not quite of Ejad coordination of Anagaah journalists, trade unions and other for this purpose open and the bank in front of all the Iraqi elite to provide possible facilities to improve the living conditions of intellectuals As for for teachers and university professors This slide linked to the Ministry of Higher Education and Scientific Research Ministry and deals with either the Rasheed Bank and the Ministry of Education are on the Rafidain Bank and gave us most of its staff from teachers and teachers in the district housing loans and advances centers despite the enormous number.
{What are the obstacles facing the work of the bank, in particular the branches of the bank a small space does not accommodate the preparation of the reviewers?
- Bank is a public company and applies the law of 22 and operates controls under the rules of procedure it differs from private banks and these restrictions and controls some of them shackled and as far as the rehabilitation of buildings and development must return to government contracts and the law of sale and rental properties the state and these restrictions, controls and now we are toward determine how the restrictions nothing by little and were given the power of the bank is to act and their last money and estates in line with the development of the bank and, although he self-financing, but it is owned by the Ministry of Finance because the capital goes back to the treasury ministry to this that some of the decisions of the Board of Directors require the approval of the Ministry.
{What about the changes in the dollar exchange, in your opinion what are the necessary measures to not to repeat the climb and maintain the sobriety of the Iraqi dinar? What is your opinion about the lifting of the zeroes from the local currency?
- For the lifting of the zeroes do not support the application at the present time because the lifting of the zeroes is not just a case of psychological or moral as far as it comes to be built on the strength of the economy and we are still suffering from a cracked and the weakness of the economy, especially with respect to the balance of payments that reads minus therefore raise zeros do not means nothing, and obliges us to add zero last future and a lot of companies, especially private and mixed sector shares worth one dinar any book value and some of them became market value them, for example, about 100 fils, or 200 fils and if we went to the lifting of the zeroes How will you deal with the shares of these companies values So we will eliminate these companies to raise zeros as well as we see the experiences of the countries surrounding us and the countries of the world and how to change their economic reality and raised zeros where that Turkey does not lift the zeroes, but after more than 80 years of change where and nevertheless continue to suffer from economic cracks because of fear of lifting of the zeroes today and come back later to add zero last and hold the Iraqi currency burden and another mistake, either on exchange rates requires the study of the national output of non-oil output and therefore there is a balance in the Iraqi currency exchange to foreign and the lack of change in the markets and the price of the parallel market and auction the central bank and the price of private banks and transfers and all volatile prices, one of the problems for this there must be a specific and stability of a fixed rate and adopted by everyone and it needs some sacrifices and courage in the planning is sure is that the central bank sets monetary policy of cooperation with the competent authorities.
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{What is the role of the bank in the fight against money laundering?
- The subject of money laundering set the standards of international organizations and on the track central banks in both countries reported the instructions of banks operating with in accordance with the know your customer and form particular to identify the sources of money a person before the base to start with the exercise of banking activity and the nature of his situation and potential and activity of the thus when they are There are revenues be confirmed according to fixed criteria to be adopted everyone either in Iraq, it is countries that depend on dealing directly with cash in light of the lack of comprehensive technical Per institutions and private banks, government and specialized This possibility, which includes all and accommodate all citizens' activities and therefore can shed dinar Iraqi and direct but wars and setbacks that got circumstances citizens took refuge in a trade deal direct cash daily fear and in order to preserve their money, or the lack of full confidence, but we are still as a bank Rafidain confirm that citizens continue to rely on us and deposited their money we have, because he did not witness any position to which the bank may breach of its obligations and its agreements despite the bad conditions and the good reputation of the bank attested since its inception in 1941.
{Under the fiscal austerity that the country is going through what needed to address the imbalance solutions do you think?
- That the decline in the price of oil a negative impact because it is not our pillars of the economy and we are dependent on the government, because we Rei community and this is what compounded the problem as we built our plans and Moisanatena the price as if this price will remain as it is for decades and this is not true, we have built the salaries of some of them may be exaggerated Even degrees of Central jobs and the size of the massive staff we of the very large outstanding public sector State and therefore this cost the state in the absence of a rival oil as the product of a national else that achieves our revenue, this budget which has not been studied in advance and placed it was believed that the decline will be gradual, but if we read history, we find that the decline does not need, but for days and only the economies of some countries in the world have collapsed because of this change to this resorted countries of the world to other sources of resources and began to develop industries and investments and the evolution of its outlets and its ports and do foreign investment to their countries and the adoption of a tourist complexes and factories sponsored farms and livestock products, especially that Iraq where Several of the many riches but unfortunately the state-owned factories hit by the problem of the lack of evolution in them as well as the absence of support as well as that imported goods less expensive than the local product and this longer a problem, and even if the importer is less than the local product, add it and the more developed plants become the cost of production is less, factories in general has become nowadays rely on high-tech unlike what exists in the country's factories are dependent on labor more than the technical side and therefore costs become higher and this costs the Supreme can be addressed in some countries that suffer what we suffer at this time was importing goods from abroad less expensive than the local product add on fees are called to support local industries fee.
{Is there political pressure facing your work in order to pass the suspicious transactions or banking facilities outside controls, and whether you place order to threats or discredit for not having responded to those pressures, if any, and how did you deal with it?
- Since 2013 when I receive the job you are firm in to edit something placed in the Rafidain Bank interest and return it to its normal position and reputed among the world's banks and started looking at restructuring the bank and arrange his cards as well as strengthen the side control and continuing our work and the emphasis on the regulatory side, which open us problems is many were to find a problem in one of the branches in Baghdad and is embezzlement of large funds precedent for years where follow up the issue and we were able to get part of the money but the beneficiaries of these funds do not want the bank to fight corruption and with regret that some officials uncooperative, and I wish to stress that since I receive This office has seen the bank a major development as she was his money scattered and was tally 700 billion dinars During the 6 months I was able to cross the reorganization of the accounts that Mark balance of 12 trillion dinars as to our credit with the central bank at least 6 to 7 trillion dinars in addition to the treasury departments and worth noting that these funds are funds of citizens and reviewers depositors' confidence Rafidain Bank and now see the bank a revival but this renaissance and development does not satisfy the other of thieves and muggers but raises Dginthm and some of them trying to extort this institution or breached in any way, including those involved recent incident on forgery instruments with the main branch, where it was processed with high professionalism not seen any bank through the history of the Iraqi state, as the process has been to detect and stop the Money Transfer encrypted surveillance system that allows follow-up of financial Althawwalat variables and the international system in force in the exchange and can not be any hackers manipulating money deposited our after it was electronic clearing system marred by some failures and now were adjusted after these problems occur, and these failures have prompted some weak people to infiltrate the system and Aattlunha certain periods in order to instruments realized the other side because they contain timing, and we have preparations and put control departments working mirrors reflex system and this is not applicable in Iraq previously deployed abroad only our work done with the oversight services during my stay out of Iraq and the situation was controlled because I was in the State of Bahrain and you've told in advance oversight services work where figures multiplied suddenly appeared manipulation employee President and ROI dealt position is smooth and easy and reversed all the amounts realized in the accounts and has involved Accounting and bring them to justice has also been retrieved 280 billion of money were dominating them and the duration of more than two years before I came, where was the money to employ a run in the market and has control.
It must be remembered that all those who come to the institution asking something he did not achieve it puts us enemies of him and acting inappropriately and prejudice us and family and anyone close to me, thank God, my family immune to all these details and I'm from a good family and tell them that they continue this hostility and hurt they are to Aaadhun person As far as annoy Foundation, a lingering as continued since it was founded and successively by more than 30 as general manager, but she remained steadfast and will stay carry out my well not go out for administrative contexts and ethical and can not Atnini one we are an independent entity institution and we deal with money citizens and we have to be careful them and trusting them and since we took office began to bank to achieve profits note that four years ago I came there were accumulated losses and we have achieved in 2013 about 200 billion dinars profit and in 2014 may get to the higher amount of this figure to support the bank and take the treasury 25 percent, by the way we Agherdhana companies salaries self-financing of the Ministry of Industry and the bank that loaned the Ministry of Finance, which was give companies 9 trillion dinars and still paying the salaries of corporate self-financing four years ago from the funds of the bank and give loans to the Ministry of Finance and reimburse them and the bank still standing but not good management with managers in departments and assistants and the competent departments such as studies and consulting and legal circles credit and training and other what achievements have been achieved and confirm that strong foundation and potential stronger and will not allow anyone penetrating Wi defamation does not make sense no value here should pose the question why did not suffer me someone before receiving the General Administration of Bank presidency of its board in spite of my presence and the continuation of my work in the local and international banking sector? Any sense that systematically targeting purposes and has well-known and in any case I am an employee and an official linked to the Ministry of Me and the Minister of Finance is to decide whether or not to keep me a job which assesses my work is also linked to the Council of Ministers.
{Do you think you are not a target?
- I do not think I'm the target and the bank the only one of the targeted institutions because it is the guardian of the money and I am not a target, but the institution is the target if you're a target for the targeting by the job and thank God my relations good with everyone and I was head of one of the administrative institutions in the world and the Arab Banking Corporation Consulting in Jordan and called The international arbitration courts come back to me, and go to arbitration between financial and banking issues before receiving the post of management of the bank, who worked in it more than 30 years.
Biography
{Some may not know you for various reasons it is you are and what you are working and what are your resume?
- I'm on behalf of Kamal Mehdi Hassani Haeri title Hosni ratios serious Sayed Mahdi Shams scholars a street in Karbala bearing his name and called the sun of scholars because he was a jurist scholars in Iraq by order of King Faisal I, and my mother's cousin's Foreign Minister Ibrahim al-Jaafari grew up in a religious family is committed, completed a study Bachelor's degree in English literature and the other in the field of foreign and monetary policy investments and took up a Rafidain Bank in 1980 and I was working before the Rafidain Bank in the Commercial Bank of Kuwait in 1978 and returned to Iraq in 1980 and rolled positions in the bank as of foreign credits because of good foreign guarantees my English and worked in investment and became the director of the upper branch and then as director in Sana'a branch in Yemen for four years and worked the UN Compensation secretary and commissioned for this site in 1991 and worked as a member of the Commission memorandum of understanding and a consultant for Financial Affairs to the Minister of Commerce representative the Ministry of Finance Although I was not as general manager on that date and that the Commission It may not be attached, but general manager of Bosttnaia to proprietary exceptional experience and has worked in the Foreign Ministry experts Affairs compensation and in 2000 was awarded the degree of expert and Vote Iraq at the time of the British Arab bank group because Iraq was his contribution to the British Arab Commercial Bank in London and I'm the only Iraqi who accepted British To get into that date and remained in it as a member of the Board of Directors and I attended every two months for its meetings and stayed for more than 3 years in addition to that I am in 17 of the Committee in the Iraqi state member at the time, and chairman of the indebtedness of Iraq's own appropriations Rafidain Bank and then after 2003 and the demise of the former regime, things have changed and because of the absence of security and the lack of visibility and resection with the whims of the institution was proposed that lasted scenario banker did not Asthassanh and I thought I go out of my job after the experience of 28 years and left the job and there was no refuge for me and my children is Jordan and my in the bank contain wrote Acknowledgement not carried by any Iraqi in my field .
How I went back to work in the bank?
After the issue of the governor, former central bank Shabibi invited former Prime Minister Nuri al-Maliki to take over as honorary advisor of Prime Minister for Financial Affairs and led the committee to evaluate the performance of the central bank and brought a certain period in the month and give my opinion and come back to Amman and actually worked and wrote reports taken by the central bank and we were able to During the Committee addressing the price situation in 2012 and I continued for a period of 6 months in committee and then decided to Prime Minister my appointment as general manager in the bank either residential dwell in the Jadiriyah district of Baghdad allowance Rent I do not have one of the ground-meter in Iraq, but I own outside Iraq house and an apartment only after it was I have a house in the Ghazaliya area you sell it and I have a piece of land in the neighborhood competencies you also are selling and when I went with my family to Jordan early was cheap price for an apartment in my name and I bought a house in the name of my wife and all my children are married and settled in Amman and continue their studies
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