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"Coming out and Stating" - Thurs. PM KTFA Thoughts/News 4/26/18

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"Coming out and Stating" - Thurs. PM KTFA Thoughts/News 4/26/18

Post  Ssmith on Fri Apr 27, 2018 9:03 am

KTFA

S.Josh » April 26th, 2018


Article: “Banking integration is one of the pillars of the advancement of the banking sector” LINK

HUGE... IMO. REQUIRES! banks to sooner or later (I vote SOONER!!!!) stop relying on currency windows.

BANKS! Start BEING BANKS!!! Even if the window is still open, it MAY (read: ***WILL***) be closing!!!

GET USED TO IT

Manaolana3 » April 26th, 2018

Article: “Keywords: $ 200 billion worth of assets in banks” LINK

Wait a minute Alak! Seem to recall the President of the Association of Private Banks a few months back stating they had assets of $3B. Something happened since....care to elaborate? I can't hear you. Could you please speak up

S.Josh » April 26th, 2018

@ Samson, I saw this article posted this AM elsewhere and there was, IMO, another REALLY important paragraph that didn't make it in your post!!!

The article goes on to state:

“He pointed out that "the coming period will witness a decline in the rate of inflation in Iraq after controlling the exchange rate and cancel the marginal price of the dollar and make it equal to the official price," noting that "this measure by the Central Bank supports the purchasing power of citizens and provides an important indicator for businessmen through the stability of the working environment" .

He pointed out that "the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities."i.

IMO, this sounds like they are COMING OUT AND STATING they are pegging their new rate to be EQUAL to the DOLLAR!!!!

Samson » April 26th, 2018

President of the Association of Private Banks: The strategy of the Central Bank has overcome difficulties in front of banks


26th April, 2018

The President of the Association of Iraqi private banks, Wadih al-Hanalal, that the strategy of the Central Bank of Iraq 2016-2020 has a great depth and helped to overcome difficulties in the work of banks

"The central bank's strategy for the years 2016-2020 has a very deep depth, which reflected positively on the work of banks and put difficulties in front of him," said Al-Hantal in his speech during the session of "Investment Partnership" within the forum of investment and reconstruction opportunities in Iraq. "The Central Bank applies the recommendations that come out of the conferences in addition to visions of the World Bank."

He pointed out that "the Central Bank introduced the follow-up department and had a significant impact in the implementation of its decisions, which reflected positively on the banking sector."

He pointed out that "the visit of the Bahraini banks to Iraq has not occurred since 1980 and has opened important doors and we hope that the Bahraini banks to be correspondent banks."

He pointed out that "the Central Bank is the strategic partner and the big tent of the banks and because of its directions, Iraqi banks have international accounting standards in addition to the implementation of the requirements of the global financial system."

He noted that "the Association of Iraqi private banks trained 1800 people to the best international standards, in addition to training the youth through the course of empowerment and employment in the banking sector."

"For the first time, banks have participated in community initiatives, and the initiative of Baghdad to rehabilitate 20 fields has been funded by the private banking sector as well as the initiative support fund LINK

Don961 » April 26th, 2018

Report: Trump is on a working visit to Britain in July


25 April 2018 06:18 PM

US President Donald Trump will pay a working visit to Britain in July and will be announced in the coming days, according to press reports.

"Trump" will be on a working visit to Britain, which is less important than the official international visit, Sky News said on Wednesday.

British Prime Minister Theresa May invited the US president to an official visit when she went to Washington in January 2017, sparking widespread protests in Britain.

This comes as the United Kingdom is ready to leave the EU after the referendum, which Trump announced its support. link

Samson » April 26th, 2018

Three years of severe imprisonment against the director of the Rasheed Bank branch Ramadi


26th April, 2018

Anbar criminal court on Thursday sentenced the director of the Rashid Bank of Ramadi to three years in prison for discharging loans in violation of legal rules.

"The accused has disbursed loans to the employees of the Anbar Police Directorate in the amount of 10 billion dinars without a credit allocation and contrary to legal contexts," Judge Abdul Sattar Birqdar, spokesman of the Supreme Judicial Council, said in a statement received by al-Ghad Press.

"The court issued a severe sentence of three years for the accused in accordance with Article 340 of the Iraqi Penal Code," he said. LINK
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