The Central Bank's strategic measures have increased confidence in the banking sector
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The Central Bank's strategic measures have increased confidence in the banking sector
by Ponee on Thu Aug 29, 2019 3:09 pm
The Central Bank's strategic measures have increased confidence in the banking sector
Samir al-Nasiri
The Central Bank of Iraq issued a statement in which he confirmed the rise of total assets of the government and private banking sector to 120 trillion dinars 100 billion dollars in 2018 compared to 2017 and clearly indicates that this was achieved because of the strategic measures adopted by the Central Bank as part of its plan to restore confidence in the banking sector.
In another statement, the bank stressed its keenness that commercial banks are committed in accordance with the Banking Law and its bylaws to the banking standards, controls and regulations in maintaining financial stability and not tolerating potential damages due to government decisions to support the private sector to reduce interest rates for contractors and investors whose payments were delayed by the government.
The Orbiter and the Controller like banking and through the analysis ofbusiness results of banks for the years 2017 and 2018 and the first half of 2019 notes clearly the main role of the central bank executive, supervisory and regulatory procedures on the banking market in Iraq , according to thetarget in its strategy for the years 2016 - 2020 .
Total assets increased by 10% and total deposits to 14% in 2018 compared to 2017.This is a sure criterion for the success of banks according to the Central Bank's plans to increase confidence in dealing with banks in addition to increasing the ratio of financial inclusion to more than 23% in light of international reports.
This means that the financial position of the Iraqi banking sector is heading in the right direction towards the sobriety and transparency that he called for and worked to implement since July 2017 by the message of the Governor of the Central Bank addressed to banks We hope to achieve 100% in 2020.
What confirms the correctness of the procedures of the Central Bank is to increase foreign cash reserves to $ 72 billion as of 30/6/2019, an indicator confirms its success in maintaining foreign reserves despite the economic and financial challenges suffered by Iraq and do not forget here the active role and supportive and supportive The Central Bank of the National Economy and its contribution to the stability of the exchange rate and thus restore confidence in the Iraqi economy and international banking transactions and its commitment to international banking and accounting standards, especially with regard to combating money laundering and terrorist financing. http://economy-news.net/content.php?id=17447
08.29.2019
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Re: The Central Bank's strategic measures have increased confidence in the banking sector
by claud39 on Fri Aug 30, 2019 8:11 am
Sorry ponee I would just clarify for the date of your message you have to publish, I do not know which forum you are looking for your news but the article is dated 7/8/2019, but on the other hand it is a short story that is good to re-read, and I'm going to share a new one over yours to complete what's coming now, I wish you a good day to you and the forum member !!!
Claud (Moose)
The Central Bank's strategic measures have increased confidence in the banking sector
07/08/2019
Claud (Moose)
The Central Bank's strategic measures have increased confidence in the banking sector
07/08/2019
Samir al-Nasiri
The Central Bank of Iraq issued a statement in which he confirmed the rise of total assets of the government and private banking sector to 120 trillion dinars 100 billion dollars in 2018 compared to 2017 and clearly indicates that this was achieved because of the strategic measures adopted by the Central Bank as part of its plan to restore confidence in the banking sector.
In another statement, the bank stressed its keenness that commercial banks are committed in accordance with the Banking Law and its bylaws to the banking standards, controls and regulations in maintaining financial stability and not tolerating potential damages due to government decisions to support the private sector to reduce interest rates for contractors and investors whose payments were delayed by the government.
The Orbiter and the Controller like banking and through the analysis ofbusiness results of banks for the years 2017 and 2018 and the first half of 2019 notes clearly the main role of the central bank executive, supervisory and regulatory procedures on the banking market in Iraq , according to thetarget in its strategy for the years 2016 - 2020 .
Total assets increased by 10% and total deposits to 14% in 2018 compared to 2017.This is a sure criterion for the success of banks according to the Central Bank's plans to increase confidence in dealing with banks in addition to increasing the ratio of financial inclusion to more than 23% in light of international reports.
This means that the financial position of the Iraqi banking sector is heading in the right direction towards the sobriety and transparency that he called for and worked to implement since July 2017 by the message of the Governor of the Central Bank addressed to banks We hope to achieve 100% in 2020.
What confirms the correctness of the procedures of the Central Bank is to increase foreign cash reserves to $ 72 billion as of 30/6/2019, an indicator confirms its success in maintaining foreign reserves despite the economic and financial challenges suffered by Iraq and do not forget here the active role and supportive and supportive The Central Bank of the National Economy and its contribution to the stability of the exchange rate and thus restore confidence in the Iraqi economy and international banking transactions and its commitment to international banking and accounting standards, especially with regard to combating money laundering and terrorist financing.
Last edited by claud39 on Fri Aug 30, 2019 8:23 am; edited 1 time in total
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DESPITE AT LEAST 20 STAMPS AND STAMP AND A SIGN .. IRAQI DINAR HAS NOT BEEN FREE FROM FRAUD
by claud39 on Fri Aug 30, 2019 8:13 am
DESPITE AT LEAST 20 STAMPS AND STAMP AND A SIGN .. IRAQI DINAR HAS NOT BEEN FREE FROM FRAUD
Tuesday 27 August, 2019
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https://n.annabaa.org/news40567
https://www.dinardaily.net/t87713-despite-at-least-20-stamps-and-stamp-and-a-sign-iraqi-dinar-has-not-been-free-from-fraud
Tuesday 27 August, 2019
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David's devotion
Following the imposition of the embargo on Iraq in the early nineties of the last century and the use of the former regime of printing currencies inside the country spread cases of currency counterfeiting and non-conformity with international standards and specifications in printing, and after 2003, replaced by a new edition has been printing presses Delaru in Britain with specifications sober difficult to counterfeit.
The political crises and weak government control over the circulating currencies allowed the spread of counterfeiting and the promotion of counterfeit currency and circumvent the citizens, according to local and international reports, as the Central Bank of Iraq published a statement on its website in 2018, entitled 'Know your money', which includes pictures of Iraqi currencies and security signs Which can distinguish between real and counterfeit currency. It included coins from the category of 250 dinars to the category of 50 thousand dinars, accompanied by shares indicating security signs, which include safety line and watermarks, visually variable ink and transparent window.
The director of the issuance and treasury department of the Central Bank Jaafar Ghulam, that the Iraqi banks discover each month amounts of not less than 200 million dinars, during the receipt of the amounts of deposits from citizens, explaining that the discovery of these amounts are individually for Iraqis who were victims of receiving counterfeit currencies, In addition to the announcement by the Ministry of Interior of the seizure of counterfeit currency.
Ghulam adds that "forged cash categories are often for the category of fifty thousand dinars and the category of 25 thousand dinars and less for the category of ten thousand dinars, pointing out that cash workers can detect counterfeit currencies easily, as the Iraqi currency in which at least 20 stamps and stamp Impossible to imitate, and they are means of protecting the currency from counterfeiting. "
He stressed that "the new editions of the Iraqi currency now includes new security additions such as transparencies, glossy and stamped, which is difficult for the most skilled counterfeiters to imitate, and that the coming months will see the replacement of the majority of large cash categories such as the category of 10 thousand and 25 thousand and 50 thousand new editions.
Meanwhile, Interior Ministry spokesman Major General Saad Maan said that "the past three years have witnessed the arrest of at least 240 arrests and arrests of gangs and individuals who were promoting the counterfeit currency in the country, and arrested and after questioning them revealed dozens of printing presses were visiting the currency in Baghdad And provinces.
He explained, "There are a number of models of counterfeit currency between primitive easy to identify because of printing by amateur inexperienced in this area, and that some counterfeiters use currency printers special printing currency, has been entered into the country illegally and has been detected, The Interior Ministry had arrested some of them in the Al-Midan and Bayaa districts of Baghdad and other provinces.
At the press conference of the most important activities of the ministry held in January 2019, Maan announced that the level of crime in all its forms in Baghdad decreased by 42% in 2018 compared to 2017, where the rate of crime for forgery and forgery decreased 53% and the crime of fraud and fraud decreased by 45% .
It is noteworthy, that the Ministry announced, on Monday, the arrest of an accused of counterfeiting foreign currency in Karbala.
Maan said in a statement that "detachments of organized crime intelligence in Karbala operating within the intelligence agency in the Interior Ministry arrested one of the accused in the province of Karbala."
He added, "The defendant works by counterfeiting currency as he seized a special paper used in counterfeiting currency.
https://n.annabaa.org/news40567
https://www.dinardaily.net/t87713-despite-at-least-20-stamps-and-stamp-and-a-sign-iraqi-dinar-has-not-been-free-from-fraud
claud39- VIP NewsHound
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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