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Coordination of parliamentary government to curb money laundering
August 22nd, 2015
«Central» put forward delivery dollar bonds
Baghdad's new morning:
Parliamentary Finance Committee revealed, on Saturday, all coordinated with the Central Bank of Iraq and the Finance Ministry to combat money laundering operations, demanding judicial organs to help them.
The committee member said Haitham al-Jubouri in a press statement, that «the Commission diagnosed and documents the money laundering operations carried out by the banks and transfer companies Mali, as well as companies operating in Iraq and demanded more than once the need to put an end to this phenomenon, which caused economic problems within the Iraqi market and even for the citizen ».
He Jubouri that «the Finance Committee held several meetings individually and jointly with the Iraqi Central Bank and Ministry of Finance officials in order to inform them of the real money laundering and develop solutions and treatment to reduce them processes ».
He Jubouri that «the central bank and the Ministry of Finance eternally their cooperation with the Commission and is now being coordination with them to reduce this apparent according to information and specific mechanisms we're working on», pointing out that «a large operation is also standing behind many So we are working very carefully ».
He called al-Jubouri, the Iraqi judiciary to «be a partner with the Finance Committee to assist in the fight against corruption and on the head with money laundering because it is the most serious corruption files Htka the economy of Iraq».
The World Bank and international financial institutions had given Iraq two months in order to approve the law anti-money laundering, who arrived in the House of Representatives first of July half.
On the other hand, said the Iraqi Central Bank, yesterday, that the small and medium enterprises launched by Bank loans will reduce the reliance on the budget and develop the economy, pointing out that he was seeking in order to support the economy and maintain Dinar.
The governor of the bank on the Keywords in a statement, that «the Bank launched during the past three months, 6 trillion dinars divided by trillion dinars for private banks for the implementation of small and medium-different projects, and five trillion dinars to the industrial sector banks, agricultural, real estate».
He Keywords that « The central bank loans that will stimulate the internal market and provide the hands of working and reduce the unemployment pays to reduce dependence on the federal budget each year ».
He stressed, in an interview quoted by «Qurtas News», that «the loans will help in the growth of the Iraqi economy, especially in light of the financial distress caused by the drop in oil prices worldwide ».
The Iraqi Central Bank announced in July 23, 2015 in a ceremony organized by the Iraqi private banks association announced the launch of a trillion dinars for private banks to finance projects loans, indicating that it has been approved instructions regulating the work of guaranteed bank loans companies.
The central bank Iraq said earlier, that he believes in the importance of the private sector and its role in rebuilding Iraq, pointing out that there are no intentions to put restrictions on the activity of remittance despite the conditions experienced by the country.
Meanwhile, the CBI revealed he subtracting the delivery term bonds in dollars American (bearer) on behalf of the Ministry of Finance until the end of this August Basaddarah of four categories.
The bank said in a statement, that the four categories will be in the form of 2500.10000, 50,000 and US $ 100,000 and a total of $ 2 billion dollars. He added that the sale will be made by the central bank at 1095 dinars per USD (one thousand and five and ninety) dinars and payable by the Ministry of Finance at the end of 2016 and paid in US dollars at maturity.
He said that «the banks will provide all purchase orders to the bank and restrict the amounts we have to open their accounts to display whether the bonds of the bank on behalf of the public (people their natural or legal) who have a current account in the bank ».
And that «purchase order serves to direct the bank to the bank in turn buy those bonds to its customers through the purchase form submitted to the Central Bank Iraqi, and can use those bonds as collateral for loans, facilities or any transactions require guarantees. »
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August 22nd, 2015
«Central» put forward delivery dollar bonds
Baghdad's new morning:
Parliamentary Finance Committee revealed, on Saturday, all coordinated with the Central Bank of Iraq and the Finance Ministry to combat money laundering operations, demanding judicial organs to help them.
The committee member said Haitham al-Jubouri in a press statement, that «the Commission diagnosed and documents the money laundering operations carried out by the banks and transfer companies Mali, as well as companies operating in Iraq and demanded more than once the need to put an end to this phenomenon, which caused economic problems within the Iraqi market and even for the citizen ».
He Jubouri that «the Finance Committee held several meetings individually and jointly with the Iraqi Central Bank and Ministry of Finance officials in order to inform them of the real money laundering and develop solutions and treatment to reduce them processes ».
He Jubouri that «the central bank and the Ministry of Finance eternally their cooperation with the Commission and is now being coordination with them to reduce this apparent according to information and specific mechanisms we're working on», pointing out that «a large operation is also standing behind many So we are working very carefully ».
He called al-Jubouri, the Iraqi judiciary to «be a partner with the Finance Committee to assist in the fight against corruption and on the head with money laundering because it is the most serious corruption files Htka the economy of Iraq».
The World Bank and international financial institutions had given Iraq two months in order to approve the law anti-money laundering, who arrived in the House of Representatives first of July half.
On the other hand, said the Iraqi Central Bank, yesterday, that the small and medium enterprises launched by Bank loans will reduce the reliance on the budget and develop the economy, pointing out that he was seeking in order to support the economy and maintain Dinar.
The governor of the bank on the Keywords in a statement, that «the Bank launched during the past three months, 6 trillion dinars divided by trillion dinars for private banks for the implementation of small and medium-different projects, and five trillion dinars to the industrial sector banks, agricultural, real estate».
He Keywords that « The central bank loans that will stimulate the internal market and provide the hands of working and reduce the unemployment pays to reduce dependence on the federal budget each year ».
He stressed, in an interview quoted by «Qurtas News», that «the loans will help in the growth of the Iraqi economy, especially in light of the financial distress caused by the drop in oil prices worldwide ».
The Iraqi Central Bank announced in July 23, 2015 in a ceremony organized by the Iraqi private banks association announced the launch of a trillion dinars for private banks to finance projects loans, indicating that it has been approved instructions regulating the work of guaranteed bank loans companies.
The central bank Iraq said earlier, that he believes in the importance of the private sector and its role in rebuilding Iraq, pointing out that there are no intentions to put restrictions on the activity of remittance despite the conditions experienced by the country.
Meanwhile, the CBI revealed he subtracting the delivery term bonds in dollars American (bearer) on behalf of the Ministry of Finance until the end of this August Basaddarah of four categories.
The bank said in a statement, that the four categories will be in the form of 2500.10000, 50,000 and US $ 100,000 and a total of $ 2 billion dollars. He added that the sale will be made by the central bank at 1095 dinars per USD (one thousand and five and ninety) dinars and payable by the Ministry of Finance at the end of 2016 and paid in US dollars at maturity.
He said that «the banks will provide all purchase orders to the bank and restrict the amounts we have to open their accounts to display whether the bonds of the bank on behalf of the public (people their natural or legal) who have a current account in the bank ».
And that «purchase order serves to direct the bank to the bank in turn buy those bonds to its customers through the purchase form submitted to the Central Bank Iraqi, and can use those bonds as collateral for loans, facilities or any transactions require guarantees. »
[You must be registered and logged in to see this link.]
