Central Bank: Conditions of the International Monetary Fund aims to reform Iraq's economy

Central Bank: Conditions of the International Monetary Fund aims to reform Iraq's economy

Governor of the Central Bank Ali Al-Alaq "Economy News"

Banks
Economy News Baghdad:
The governor of the Central Bank, Ali Alalak, that the economy of Iraq can not rise without the existence of a real banking sector and effective, stressing that the conditions of the International Monetary Fund aims to reform the economy.
Al-Alak said in his speech at the celebration held by the Islamic Bank of Iraq on the occasion of the anniversary of the "25" year of its founding, and attended by "Economy News", "It can not rise the economy of Iraq without a real banking sector and actively contribute to support the productive sectors," adding that " Of the Iraqi banks possess human and financial capabilities and keep abreast of developments in banking systems. "
He pointed out that "the need to strengthen confidence between banks and citizens, which reflects positively on the economy of the country and facilitate banking operations and create great competition," noting that "the Central Bank launched the largest lending initiative in the history of Iraq through the allocation of 6 trillion dinars."
He pointed out that "the Iraqi economy exceeded the difficult stage and that the IMF's recent report on the financial situation of Iraq was positive," stressing that "the conditions of the International Monetary Fund aims to reform Iraq's economy by controlling expenditures and revenue."
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Bank source: Tomorrow a meeting between private banks and the central bank to discuss the instructions of the currency window


13/08/2017

Economy News Baghdad:

A bank source said on Sunday that the regular meeting between private banks and the central bank will be held on Monday to discuss the prevention of bank balances in the Kurdistan region and the instructions of the currency window.

The source, who preferred not to disclose his name to "Economy News", said that "the periodic meeting between private banks and the Central Bank will be held on Monday in the presence of the Governor of the Central Bank Ali Alaak."

He added that "the meeting will discuss the joint lending fund and the agreement with the Kurdistan region on the prevention of double taxation, and the bank's assets in the region, and activate the work of internal control departments in banks and explain the mechanisms and instructions of the currency window."

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HE the Governor of the Central Bank participates in the celebration of the Iraqi Islamic Bank


August 13, 2017


HE the Governor of the Central Bank participates in the celebration of the Iraqi Islamic Bank

The Governor of the Central Bank of Iraq, Dr. Ali Mohsen Ismail, participated in the celebration of the 25th anniversary of the Iraqi Islamic Bank for Development and Investment.
Of achievements since its founding until now.


He also stressed that there is no economic renaissance there without an effective and solid banking sector.

Where the Governor called on all banks to highlight the achievements of the media to create confidence in the hearts of citizens, especially as all banks have a lot of work and achievements
He also congratulated the Bank for receiving the Silver Jubilee and wished them success and continuity in their work to serve the Iraqi banking sector .




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Thanks for posting these. I heard about these yesterday so good to read them. I'm going to read up on the articles of the IMF.