KTFA (Delta & Samson)



Samson:  The Iraqi Central Bank discusses linking banks to the multi-currency “structures” platform    LINK

Samson:  The central bank participates in the Bani platform

13th July, 2020

The Central Bank of Iraq announced, Monday, that it will organize and in cooperation with the Arab Monetary Fund this morning, a workshop for banks operating in Iraq to participate in thestructures” platform for Arab payments

The bank added in a statement, “Economy News” received a copy of it, “This comes after the announcement of the launch of a platform for Arab payments of the Regional Corporation for the clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are made for this bank and a number of local banks for direct participation in Platform

The statement pointed out, that “the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it

That the “platform built represents a multi – currency payment platform provides clearing services and settlement currencies Arab and international currencies in which the eligibility requirements are available, for clearing and settlement of financial transactions intra – Arab as well as financial transactions between the Arab countries and trading partners presidents of Arab countries

He continued: “The platform also aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to that the Beni platform provides the participants with payment solutions Hadith conforms to international standards, principles and international compliance requirements

Showed that, “In the economic and financial integration opportunities in the Arab region , it is where it effectively contributes to support investment ties with Arab countries in various continents trading partners.

It will be the platform available to all banks that meet the criteria and conditions for participation, and in the forefront of standards and procedures Compliance aspects.   LINK

Samson:  China imposes sanctions on US officials


China imposed sanctions on US officials and entities in the United States, including Republican Senator Marco Rubio, in response to the sanctions imposed by Washington on senior Chinese officials.

Hua Chunying, a spokesperson for the Chinese Foreign Ministry, revealed the sanctions during a press briefing Monday, explaining that sanctions were imposed on US officials and entities in the United States, in response to the sanctions imposed by Washington on senior Chinese officials for alleged human rights violations. Against the Muslim Uyghur minority.

This comes in response to the sanctions imposed by the United States on Thursday, based on the so-called “Magnetsky Global Law”, on four high-ranking officials and a security establishment in the Xinjiang China Autonomous Region, on the grounds of their involvement in human rights violations, especially against the Muslim Uyghur minority.  LINK