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Governor Of The Central Bank: We Are Determined To Implement The Reform Plan To Promote The Work Of The Banking Sector

Banks  Economy News – Baghdad  The Governor of the Central Bank of Iraq, Mustafa Ghaleb, confirmed that the Central Bank is determined to implement the reform plan that contributes to the promotion of the banking sector.

A press release issued by the Central Bank said, “Al-Iqtisad News” received a copy of it. The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mkhaif, met the President of the Republic, Dr. Barham Salih, today, Sunday.

According to the statement, the President of the Republic congratulated the Governor of the Central Bank who took the position, wishing him success in performing his duties.

The governor of the bank confirmed during the meeting that this bank is determined to implement the reform plan that would help in the promotion of the Iraqi banking sector in light of the current challenges to serve the country’s economy.

For his part, the President of the Republic stressed the need for the independence of the Central Bank, the strengthening of the country’s financial position by diversifying the state’s resources and following a balanced monetary policy, and taking all measures to combat administrative and financial corruption, especially in the current circumstances in which the country is facing the Corona pandemic, and the decline in oil imports

Number of observations 176   Date added: 10/4/2020   https://economy-news.net/content.php?id=22110

The President Of The Republic Stresses The Need For The Independence Of The Central Bank And The Strengthening Of The Country’s Financial Position

Sunday 04, October 2020 14:20 | Economical Views: 199 Baghdad / NINA / The President of the Republic, Barham Salih, stressed the need for the independence of the Central Bank and the strengthening of the country’s financial position.

According to a presidential statement , the Iraqi National Agency for News / received Nina / copy of it, the President of the Republic Barham Saleh met on Sunday in the palace of Baghdad, the central bank governor of the Iraqi Mustafa Ghalib book. ”

At the outset of the meeting , congratulated the President of the Republic, a book on the occasion of his accession to the post of Governor of the central bank, He wished him success in performing his duties, and during the meeting discussed the monetary and financial situation in the country in light of the current challenges. The

President of the Republic stressed the need for the independence of the Central Bank, and the strengthening of the country’s financial position by diversifying the state’s resources and following a balanced monetary policy, and taking all measures to combat corruption Administrative and financial, especially in the current circumstances in which the country is facing the Corona pandemic, and the decline in oil imports. ”

For his part, the book reviewed the steps taken to limit the economic repercussions, appreciating the President’s support to achieve the goals of improving the financial and monetary situation and providing the necessary services to citizens ./ End 2    https://ninanews.com/Website/News/Details?key=860732

The Central Bank Decides To Reassess The Financial Position Of Private Banks

Time: 10/04/2020 11:25:22  Read: 2,782 times  {Baghdad: Al Furat News} The Board of Directors of the Central Bank of Iraq decided to reassess the financial position of all private banks, by directing the departments concerned with this bank, to “audit and evaluate the capital of private banks and determine the percentage of deficit and the sources of those funds.”

“The decision comes in line with the reform plan led by the management of this bank to create a real banking sector that is in harmony with the requests of depositors in dealing with these banks,” said a statement by the Central Bank media, a copy of which was received by Al Furat News.   LINK

The Board Of Directors Of The Central Bank Decides To Reassess The Financial Position Of Private Banks

Sunday 04, October 2020 11:34 | EconomicalViews: 173  Baghdad / NINA / The Board of Directors of the Central Bank of Iraq decided to re-evaluate the financial position of all private banks.

A statement of the bank stated that the Iraqi National News Agency / NINA / received a copy of it that: The evaluation will be through directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining the percentage of deficit and the sources of those funds.

The decision / according to the statement / comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with these banks. / https://ninanews.com/Website/News/Details?key=860701

Foreign Ministry: America’s Initial Decision To Withdraw The Embassy Is A Private Matter, But It May Not Be In The Interest Of Iraq

Time: 10/04/2020 18:19:29 Read: 1,326 times  (Baghdad: Al Furat News) Foreign Minister Fuad Hussein received a phone call from German Foreign Minister Heiko Maas, and the conversation focused on bilateral relations and ties between the two countries, and the US administration’s initial decision to withdraw the embassy from Baghdad.

Hussein expressed, with the withdrawal of the Ministry of Foreign Affairs statement, “his concern about this decision, despite it being a sovereign decision on the American side, but it may lead to results that are not in the interest of the Iraqi people.”

He also affirmed that “the Iraqi government has taken a number of security, organizational, political, and diplomatic measures to stop the attacks on the Green Zone and the airport, and there will be tangible positive results in the near future.”

They discussed “the various future possibilities for the status of diplomatic missions in Baghdad, and the two sides stressed the importance of continuing to exchange views and communicate in order to find solutions to this crisis.”   LINK

Economist: The US Embassy Is Closed … Suspension Of International Financial Institutions Granting To Iraq

Sunday 04, October 2020 09:34 | EconomicalViews: 350 Baghdad / NINA / The advisor at the Ministry of Finance, an economist, Hazem Hadi, affirmed that: The closure of the US embassy prevents international financial institutions from continuing to grant aid to Iraq.

He told the Iraqi National News Agency ( NINA ) that: The United States is the one that protects Iraq’s funds abroad and oil imports from implementing court decisions on compensation for the private sector account.

Hadi added that: The United States is the pressure on the international financial institutions to provide aid to Iraq.

And he indicated that the closure of the embassy will have negative international effects, and that it does not praise its consequences, as it gives its hand to destroy the military installations that it believes are responsible for hitting it.      https://ninanews.com/Website/News/Details?key=860677

Saleh And The US Ambassador Discuss Iraq’s Measures To Protect Missions

October 4, 2020 23   Al-Kazemi: Closing down the embassy will lead to consequences, the most important of which is the economic collapse

Baghdad – Time   In turn, Tueller stressed (his country’s commitment to support the stability of Iraq, and to strengthen bilateral relations between the two countries in all fields). Prime Minister Mustafa Al-Kazimi had revealed that what he received from the United States of America was not a threat, but rather annoyance and a rightful concern for the protection of diplomatic missions, stressing by saying (We are not ashamed of any relationship that preserves the dignity of Iraq and the Iraqis, and the fire should be put out and all our problems should be put out to build a better future) .   LINK

The Iraqi Parliament Summons Officials In The Ministry Of Finance For This Reason!

Political   Sunday 4 October 2020 | 07:03 PM| Views: 135  On Sunday, the Parliamentary Finance Committee revealed its move to summon all officials in the Ministry of Finance to determine the state’s revenues from ports, taxes and customs, and the fate of these funds .

A member of the Finance Committee, Mahasin Hamdoun, said, “The government confirmed, upon its formation, the existence of a plan to maximize imports and present a reform paper to Parliament to determine its work .”

She added, “The government maximized imports at ports, taxes and customs, and did not present a reform paper, in addition to announcing from time to time a financial crisis, its bankruptcy and its need for loans .”

Hamdoun explained that “the Finance Committee will summon all officials in the Ministry of Finance to determine the fate of those funds and where the imports of ports, customs and taxes were spent.”

https://aynaliraqnews.com/index.php?aa=news&id22=139458

A Deputy Calls On The Government To Open The Currency Auction File And To Investigate Money Smuggling And Forged Invoices

Baghdad Post Sunday, October 04, 2020 10:43 AM  A member of the Parliamentary Economic and Investment Committee, Riad Al-Tamimi, called on the government to open the auction file for selling the currency without any delay, and to investigate the smuggling of funds, which were limited to the file of the five banks.

Al-Tamimi said in a press statement that “controlling the currency auction and stopping fraudulent invoices and tax and customs evasion resulting from those bills, and holding bank owners legal responsibility needs a decisive and swift stance from Prime Minister Mustafa Al-Kazemi,” noting that “there are those who evade through the bills.” Falsified tax payment, customs, currency smuggling and money laundering corruption. ”

He added, “This file requires the follow-up and accountability of all banks that were established after 2003 for the sources of funds, and searching for these fortunes that were looted through the window of currency sale at the expense of public money.”The current government is responsible for continuing currency smuggling in the event that it does not take any measures similar to previous governments.

”He explained that“ bringing those responsible for these actions to justice and holding them accountable for all the thefts and the systematic destruction of the Iraqi economy has become an urgent necessity at this time, ”noting that“ the recovery of funds The looted will help improve the confusing financial situation and restore the Iraqi street’s confidence in the government and parliament. ”   LINK

A Parliamentary Committee Calls On The Government To Open The Currency Auction File And To Investigate Money Smuggling And Forged Invoices

1 day ago, Iraq

The Parliamentary Economic and Investment Committee called on the government to open the currency auction file without any delay, to investigate the smuggling of money, which was confined to the file of the five banks, and to end this file after the death of former MP Ahmad Chalabi.

A member of the committee, MP Riad Al-Tamimi, affirmed that “controlling the auction of selling the currency and stopping the forged invoices and the tax and customs evasion resulting from those bills, and bearing the bank owners legal responsibility needs a decisive and swift position from Prime Minister Mustafa Al-Kazemi,” noting that “there are those who evade through Forged bills of tax payment, customs, currency smuggling and money laundering of corruption. ”

He added, in a press statement, that “this file requires the follow-up and accountability of all banks that were established after 2003 for the sources of funds, and searching for these fortunes that were looted through the window of currency sale at the expense of public money, blaming the current government for the continued smuggling of currency if it is not taken.” Any measures similar to previous governments.

Bringing those responsible for these acts to justice and holding them accountable for all the thefts and the systematic destruction of the Iraqi economy has become an urgent necessity at this time,” he said, noting that “recovering the stolen money will help improve the confusing financial situation and restore the Iraqi street’s confidence in the government and parliament.”   https://www.radionawa.com/all-detail.aspx?jimare=22115

Tourism Authority Is Preparing A New Plan To Revive The Sector

Money  and business  Economy News _ Baghdad  The Tourism Authority is preparing a new strategy to revive the sector and maximize revenues, despite the circumstances of the Corona pandemic.

The head of the Tourism Authority, Dhafer Bahr Al-Uloom, said in an interview seen by “Al-Eqtisad News”, that “the commission has held intensive meetings with specialists in the tourism sector to work on developing it, maximizing revenues and making it one of the important financial tributaries of the country.”

Bahr Al-Ulum added, “It was discussed to raise the levels of tourism and administrative work by adopting new methods, especially after the return of the tourist movement, as well as rearranging the general situation of the authority in light of the Corona pandemic and trying to avoid the great damage it caused by closing many companies and sites.”

He added, “An electronic seminar was organized to introduce the (IATA) program for travel and tourism companies, in coordination with the airline offices and the Civil Aviation Authority.”

Number of observations 61   Date of addendum 10/4/2020

https://economy-news.net/content.php?id=22102

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