The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities
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The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities
The Iraqi Central Bank and the Bank for International Settlements agree to increase investment opportunities
- 11/21/2020

{Baghdad: Al Furat News} The Central Bank of Iraq agreed, today, Saturday, with the Bank for International Settlements to increase investment opportunities.
A bank statement said, "The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties."
The statement pointed out that "the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves."
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, through its activities in achieving a balance of priorities of strategic importance for central banks in managing reserves, and ensuring a good understanding of liquidity management and diversification in order to obtain good returns To meet their needs, as well as providing credit, gold and foreign exchange brokerage services and asset management, including the function of integrated financial and operational risk management and properly controlling them.
Ali al-Rubaie
https://alforatnews.com/news/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%88%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%8A%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9
The statement pointed out that "the two sides agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves."
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, through its activities in achieving a balance of priorities of strategic importance for central banks in managing reserves, and ensuring a good understanding of liquidity management and diversification in order to obtain good returns To meet their needs, as well as providing credit, gold and foreign exchange brokerage services and asset management, including the function of integrated financial and operational risk management and properly controlling them.
Ali al-Rubaie
https://alforatnews.com/news/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%88%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%8A%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9
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The Iraqi Central Bank discusses with the Bank for International Settlements the mechanisms of mutual investment
The Iraqi Central Bank discusses with the Bank for International Settlements the mechanisms of mutual investment
November 21, 2020

Mubasher: The Central Bank of Iraq held a remote meeting today, Saturday, with the Bank for International Settlements ( BIS ) to discuss prospects for joint cooperation and investment mechanisms between the two parties.
The two parties agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Iraqi and increase investment opportunities in foreign reserves, according to the Iraq News Agency, "INA".
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, through its activities to balance the priorities of strategic importance for central banks in managing reserves, and to ensure a good understanding of cash liquidity management and diversification in order to obtain good returns To meet their needs.
This comes in addition to providing credit, gold and foreign exchange brokerage services and asset management, including an integrated management function for financial and operational risks and properly controlling them.
Nominations
https://www.mubasher.info/news/3725409/-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D9%85%D8%B9-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D8%A2%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%AA%D8%A8%D8%A7%D8%AF%D9%84/
November 21, 2020

Mubasher: The Central Bank of Iraq held a remote meeting today, Saturday, with the Bank for International Settlements ( BIS ) to discuss prospects for joint cooperation and investment mechanisms between the two parties.
The two parties agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Iraqi and increase investment opportunities in foreign reserves, according to the Iraq News Agency, "INA".
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability, through its activities to balance the priorities of strategic importance for central banks in managing reserves, and to ensure a good understanding of cash liquidity management and diversification in order to obtain good returns To meet their needs.
This comes in addition to providing credit, gold and foreign exchange brokerage services and asset management, including an integrated management function for financial and operational risks and properly controlling them.
Nominations
https://www.mubasher.info/news/3725409/-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D9%85%D8%B9-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B3%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D8%A2%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%AA%D8%A8%D8%A7%D8%AF%D9%84/
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Join date : 2018-11-04
Bank for International Settlements
Bank for International Settlements

The Bank for International Settlements ( BIS , English Bank for International Settlements , BIS) is an international financial organization established in 1930 under the legal form of a limited company , whose shareholders are central banks 1 . Located in Basel in Switzerland, it defines itself as being the “bank of central banks” in its annual report 2 or, by abuse of language , the “central bank of central banks” 3. Its main mission is cooperation between central banks; it plays a decisive role in the management of the foreign exchange reserves of these institutions.
It hosts, among others, the Basel Committee .
First world financial institution in terms of economic history, the BIS was born on January 20, 1930 in The Hague from an intergovernmental agreement between Germany , Belgium , the United States , France , Great Britain , the ' Italy , Japan , and Switzerland. It officially opened its offices in Basel on May 17, 1930 4 .
The original purpose of the BIS is firstly to facilitate the settlement of the reparations imposed on Germany by the Treaty of Versailles of 1919 after the First World War , and to act as representative-mediator of the debts owed by this country in the under the Young plan , which debts were suspended (or in default of payment ); second, to facilitate interbank relations at the very moment when the consequences of the crisis of 1929affect the entire financial world.
The idea of this institution had been submitted by the Young committee in April 1929, approved in The Hague the same year in August, then definitively endorsed in November during the International Interbank Conference in Baden-Baden .
The Hague Charter of January 1930 specifies that the BIS as a public limited company can open its capital not only to banks, but also to individuals and non-governmental organizations. However, voting rights during operational meetings are reserved for central banks only.of the countries in which the units were subscribed. An agreement with Switzerland has been made for this country to host the headquarters of the BRI; similarly, its subsidiaries and representatives enjoy a form of immunity within the contracting countries (Brussels Protocol, 1936).
Faced with the impossibility for Germany to settle the amount of its reparations due under the Treaty of Versailles , an American banker, Charles Dawes , proposed a plan by adjusting the payment annuities and launching the first international loan at 7% d interest and 25 years of maturity for an amount of 800 million marks guaranteed by ten countries. Pierre Quesnay was then called upon to assist Doctor Zimmermann, High Commissioner of the League of Nations in Austria.
The economic recovery of the late 1920s and German exports to the United States helped restore the German economy and stabilize the value of the mark. Germany can then resume payment of its debts.
This primary mission quickly became obsolete: the Hoover moratorium suspended all intergovernmental settlement in June 1931, then abandoned the recovery of the principal in July 1932 during the Lausanne conference , bringing it down to only 5 billion gold marks payable after three years. 5 . The BIS was then nicknamed the “Really Useless Bank” 6 .
Also, from 1933, the BIS focused on its second mission, strengthening cooperation between signatory central banks. It takes the form of regular meetings from which financial solutions can emerge. For example, from the end of the 1930s, the BRI, faced with the threat of war, helped the countries of Central Europe to transit their gold reserves by boat to London and New York 7 . Nevertheless, the BIS made a serious error of interpretation, by effecting in March 1939 the transfer of 23 tons of Czechoslovak gold from London to the Reichsbank , and this, after the invasion of Czechoslovakia by Nazi Germany 8 .
With the entry into the war in September 1939, the board of directors of the BRI led by Roger Auboin decided to suspend its meetings and adopt a neutral position in principle. However, as hostilities continued, the Allies discovered that the BIS was conducting transactions for the benefit of the Reich . London and Washington ask the BIS to suspend all transactions with Germany, because the gold sent by this country comes from the looting of invaded nations. A climate of suspicion sets in between the BRI and the Allies 9 .
This is why, at the end of the Bretton Woods Agreements in July 1944, the European and American signatories recommend "the liquidation of the BIS as soon as possible" , the most virulent opponent being Henry Morgenthau , but against the opinion, favorable , by John Maynard Keynes , head of the British delegation 10 . In August, the dissolution of the BIS is approved, however it will never be formalized. In April 1945, US President Harry S. Truman and the British government postponed the application of this decision, then definitively annulled it in 1948 11 .
After the Second World War , the BRI concentrated on the European field. It acts as a mediator in the European Payments Union (European Payments Union, 1950-1958), which consists of an agreement clearing within Europe to help European countries to restore the convertibility of their currencies and the free trade 12 . In the 1960s, during a period of relatively stable exchange rates , the BIS became the site of effective monetary cooperation between Europe and America. In June 1966 and July 1968 the first and second Sterling Group Arrangements enabled the pound sterlingto resist against the US dollar , despite tensions in the markets . Ten countries called “ G10 ” form the most prominent group within the BIS.
The end of the Bretton Woods system in 1971-1973 , the return to floating exchange rates , ushered in a period of great instability. Serious banking crises, such as the disappearance of Bankhaus Herstatt in 1974, highlight the need to review interbank policy at the international level. The governors of the G10 banks then founded the Basel Committee on Banking Supervision (BCBS), better known as the Basel Committee , which is still active today. The BCBS is regularly involved as a regulatory force through various protocols or agreements. In 1982, the BIS played a leading role in the settlement of Latin American debt .
Between 1964 and 1993, the BIS delegated to the European Council a representative of the Committee of Governors of the Central Banks of the member countries of the EEC . It thus hosts the Delors Committee (1988) which prepares for European Monetary Union . In 1993, the Board of Governors became the European Monetary Institute (en) , a foreshadowing of the European Central Bank (1997), whose headquarters moved from Basel to Frankfurt .
In the years 1990-2000, the BIS abandoned the field of European affairs to open up to Latin American and Asian financial governance. We went from 33 members in 1995 to 60 in 2013, representing 95% of world GNP. Two representative offices opened abroad: the first in Hong Kong in 1998, the second in Mexico City in 2002.
The functions of the BRI are 13 :
The bimonthly meeting of the board of directors, where the governors of the major central banks meet, thus allows an informal discussion of the monetary and financial policies of the major countries.
It hosts various committees dealing with major financial issues: Basel Committee on Banking Supervision , Committee on the Global Financial System, Committee on Payments and Market Infrastructures, Markets Committee, Irving Fischer Committee [i.e. ?] on Central Bank Statistics and Central Bank Governance Group. It prepares such agreements the Basel Committee level which specify a number of prudential rules (in) ( solvency ratio , etc.) applicable to all banking business in the world: the Basel agreements , the latest, the Basel III agreements.
The BIS also centralizes the collection and ensures the publication of numerous statistical data [why?] 14 on banking activity and financial markets .
The BRI also hosts 15 :
Finally, for Financial Stability Institute (FSI Financial Stability Institute (in) ) of the BIS since 2009 facilitates the dissemination of the work of standards bodies with central banks and supervisory and regulatory bodies in the financial sector in the context '' an extensive program of meetings and seminars, and through online tutorials.
The capital of the BIS is made up of shares belonging, since the last enlargement in 2011, to 60 central banks 16 , institutions and private individuals having been excluded since 2000.
This capital is divided into 600,000 shares, half of which belong to the central banks of Germany , England , Belgium , France , Italy and the United States of America , or any other financial institution of the latter. State. It is the governors of these six central banks who share the management of the BIS, with the central bank governors of Brazil , Canada , China , India , Japan , Mexico , the Netherlands , Sweden andSwitzerland , and the President of the European Central Bank .
At March 31, 2017, its assets were $ 242.2 billion SDRs ( Special Drawing Rights ) 17 .
The 60 members are 16 :
As of January 1, 2019, the members of the board of directors were 18 :
https://fr.wikipedia.org/wiki/Banque_des_r%C3%A8glements_internationaux

The Bank for International Settlements ( BIS , English Bank for International Settlements , BIS) is an international financial organization established in 1930 under the legal form of a limited company , whose shareholders are central banks 1 . Located in Basel in Switzerland, it defines itself as being the “bank of central banks” in its annual report 2 or, by abuse of language , the “central bank of central banks” 3. Its main mission is cooperation between central banks; it plays a decisive role in the management of the foreign exchange reserves of these institutions.
It hosts, among others, the Basel Committee .
Foundation
First world financial institution in terms of economic history, the BIS was born on January 20, 1930 in The Hague from an intergovernmental agreement between Germany , Belgium , the United States , France , Great Britain , the ' Italy , Japan , and Switzerland. It officially opened its offices in Basel on May 17, 1930 4 .
The original purpose of the BIS is firstly to facilitate the settlement of the reparations imposed on Germany by the Treaty of Versailles of 1919 after the First World War , and to act as representative-mediator of the debts owed by this country in the under the Young plan , which debts were suspended (or in default of payment ); second, to facilitate interbank relations at the very moment when the consequences of the crisis of 1929affect the entire financial world.
The idea of this institution had been submitted by the Young committee in April 1929, approved in The Hague the same year in August, then definitively endorsed in November during the International Interbank Conference in Baden-Baden .
The Hague Charter of January 1930 specifies that the BIS as a public limited company can open its capital not only to banks, but also to individuals and non-governmental organizations. However, voting rights during operational meetings are reserved for central banks only.of the countries in which the units were subscribed. An agreement with Switzerland has been made for this country to host the headquarters of the BRI; similarly, its subsidiaries and representatives enjoy a form of immunity within the contracting countries (Brussels Protocol, 1936).
The Dawes Plan
Faced with the impossibility for Germany to settle the amount of its reparations due under the Treaty of Versailles , an American banker, Charles Dawes , proposed a plan by adjusting the payment annuities and launching the first international loan at 7% d interest and 25 years of maturity for an amount of 800 million marks guaranteed by ten countries. Pierre Quesnay was then called upon to assist Doctor Zimmermann, High Commissioner of the League of Nations in Austria.
The economic recovery of the late 1920s and German exports to the United States helped restore the German economy and stabilize the value of the mark. Germany can then resume payment of its debts.
A disputed role (1933-1948) [ edit | modify the code ]
This primary mission quickly became obsolete: the Hoover moratorium suspended all intergovernmental settlement in June 1931, then abandoned the recovery of the principal in July 1932 during the Lausanne conference , bringing it down to only 5 billion gold marks payable after three years. 5 . The BIS was then nicknamed the “Really Useless Bank” 6 .
Also, from 1933, the BIS focused on its second mission, strengthening cooperation between signatory central banks. It takes the form of regular meetings from which financial solutions can emerge. For example, from the end of the 1930s, the BRI, faced with the threat of war, helped the countries of Central Europe to transit their gold reserves by boat to London and New York 7 . Nevertheless, the BIS made a serious error of interpretation, by effecting in March 1939 the transfer of 23 tons of Czechoslovak gold from London to the Reichsbank , and this, after the invasion of Czechoslovakia by Nazi Germany 8 .
With the entry into the war in September 1939, the board of directors of the BRI led by Roger Auboin decided to suspend its meetings and adopt a neutral position in principle. However, as hostilities continued, the Allies discovered that the BIS was conducting transactions for the benefit of the Reich . London and Washington ask the BIS to suspend all transactions with Germany, because the gold sent by this country comes from the looting of invaded nations. A climate of suspicion sets in between the BRI and the Allies 9 .
This is why, at the end of the Bretton Woods Agreements in July 1944, the European and American signatories recommend "the liquidation of the BIS as soon as possible" , the most virulent opponent being Henry Morgenthau , but against the opinion, favorable , by John Maynard Keynes , head of the British delegation 10 . In August, the dissolution of the BIS is approved, however it will never be formalized. In April 1945, US President Harry S. Truman and the British government postponed the application of this decision, then definitively annulled it in 1948 11 .
European reconstruction and new missions [ change | modify the code ]
After the Second World War , the BRI concentrated on the European field. It acts as a mediator in the European Payments Union (European Payments Union, 1950-1958), which consists of an agreement clearing within Europe to help European countries to restore the convertibility of their currencies and the free trade 12 . In the 1960s, during a period of relatively stable exchange rates , the BIS became the site of effective monetary cooperation between Europe and America. In June 1966 and July 1968 the first and second Sterling Group Arrangements enabled the pound sterlingto resist against the US dollar , despite tensions in the markets . Ten countries called “ G10 ” form the most prominent group within the BIS.
The end of the Bretton Woods system in 1971-1973 , the return to floating exchange rates , ushered in a period of great instability. Serious banking crises, such as the disappearance of Bankhaus Herstatt in 1974, highlight the need to review interbank policy at the international level. The governors of the G10 banks then founded the Basel Committee on Banking Supervision (BCBS), better known as the Basel Committee , which is still active today. The BCBS is regularly involved as a regulatory force through various protocols or agreements. In 1982, the BIS played a leading role in the settlement of Latin American debt .
Between 1964 and 1993, the BIS delegated to the European Council a representative of the Committee of Governors of the Central Banks of the member countries of the EEC . It thus hosts the Delors Committee (1988) which prepares for European Monetary Union . In 1993, the Board of Governors became the European Monetary Institute (en) , a foreshadowing of the European Central Bank (1997), whose headquarters moved from Basel to Frankfurt .
In the years 1990-2000, the BIS abandoned the field of European affairs to open up to Latin American and Asian financial governance. We went from 33 members in 1995 to 60 in 2013, representing 95% of world GNP. Two representative offices opened abroad: the first in Hong Kong in 1998, the second in Mexico City in 2002.
Roles and current missions [ change | modify the code ]
The functions of the BRI are 13 :
- to assist central banks in their pursuit of monetary and financial stability ;
- to welcome international cooperation in these fields;
- to act as a bank for central banks.
The bimonthly meeting of the board of directors, where the governors of the major central banks meet, thus allows an informal discussion of the monetary and financial policies of the major countries.
It hosts various committees dealing with major financial issues: Basel Committee on Banking Supervision , Committee on the Global Financial System, Committee on Payments and Market Infrastructures, Markets Committee, Irving Fischer Committee [i.e. ?] on Central Bank Statistics and Central Bank Governance Group. It prepares such agreements the Basel Committee level which specify a number of prudential rules (in) ( solvency ratio , etc.) applicable to all banking business in the world: the Basel agreements , the latest, the Basel III agreements.
The BIS also centralizes the collection and ensures the publication of numerous statistical data [why?] 14 on banking activity and financial markets .
The BRI also hosts 15 :
- the Financial Stability Board (CSF), since 2009, an association made up of ministries of finance, central banks and other financial authorities from 24 countries, coordinates the work carried out by national authorities and international standardization bodies at the international level, and develop policy documents to strengthen financial stability;
- the International Association of Deposit (IADI, International Association of Deposit Insurers (in) ) sets global standards applicable to the deposit insurance systems and promotes cooperation on the mechanisms of protection of deposits and bank resolution;
- the International Association of Insurance Supervisors (IAIS International Association of Insurance Supervisors (in) ) establishes standards for the control of the insurance industry in order to promote consistency of this control globally.
Finally, for Financial Stability Institute (FSI Financial Stability Institute (in) ) of the BIS since 2009 facilitates the dissemination of the work of standards bodies with central banks and supervisory and regulatory bodies in the financial sector in the context '' an extensive program of meetings and seminars, and through online tutorials.
Organization [ edit | modify the code ]
Shareholding [ edit | modify the code ]
The capital of the BIS is made up of shares belonging, since the last enlargement in 2011, to 60 central banks 16 , institutions and private individuals having been excluded since 2000.
This capital is divided into 600,000 shares, half of which belong to the central banks of Germany , England , Belgium , France , Italy and the United States of America , or any other financial institution of the latter. State. It is the governors of these six central banks who share the management of the BIS, with the central bank governors of Brazil , Canada , China , India , Japan , Mexico , the Netherlands , Sweden andSwitzerland , and the President of the European Central Bank .
At March 31, 2017, its assets were $ 242.2 billion SDRs ( Special Drawing Rights ) 17 .
The 60 members are 16 :
South African Central Bank
Bank of Algeria
Deutsche Bundesbank
Saudi Arabia Monetary Agency
Central Bank of Argentina
Reserve Bank of Australia
Oesterreichische Nationalbank
National Bank of Belgium
Central Bank of Bosnia and Herzegovina
Central Bank of Brazil
National Bank of Bulgaria
Bank of Canada
Central Bank of Chile
People's Bank of China
Bank of the Republic of Colombia
Bank of Korea
National Bank of Croatia
National Bank of Denmark
Central Bank of the United Arab Emirates
Bank of Spain
Bank of Estonia
United States Federal Reserve
Bank of Finland
Bank of France
Bank of Greece
Hong Kong Monetary Authority
Magyar Nemzeti Bank
Reserve Bank of India
Bank of Indonesia
Central Bank and Financial Services Authority of Ireland
Central Bank of Iceland
Bank of Israel
Bank of Italy
Bank of Japan
Bank of Latvia
Bank of Lithuania
Central Bank of Luxembourg
National Bank of the Republic of Macedonia
Bank Negara Malaysia
Bank of Mexico
Central Bank of Norway
Reserve Bank of New Zealand
Bank of the Netherlands
Central Reserve Bank of Peru
Central Bank of the Philippines
National Bank of Poland
Bank of Portugal
National Bank of Romania
Bank of England
Central Bank of Russia
National Bank of Serbia
Singapore Monetary Authority
National Bank of Slovakia
Bank of Slovenia
Bank of Sweden
Swiss National Bank
Czech National Bank
Bank of Thailand
Central Bank of the Republic of Turkey
European Central Bank
Central Bank of MOROCCO
Board of Directors [ edit | modify the code ]
The board of directors is responsible for the strategic and political direction of the institution.As of January 1, 2019, the members of the board of directors were 18 :
Jens Weidmann , president
Alejandro Díaz de León
Juyeol Lee
Jerome h powell
Mark Carney
Pierre Wunsch
Mario draghi
John C. Williams (en)
Stefan Ingves
Thomas Jordan (en)
Klaas Knot (en)
Haruhiko Kuroda
Stephen poloz
Ilan Goldfajn
François Villeroy de Galhau
Ignazio Visco
Yi Gang
https://fr.wikipedia.org/wiki/Banque_des_r%C3%A8glements_internationaux
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The Central Bank holds a meeting with the Bank for International Settlements (BIS)
The Central Bank holds a meeting with the Bank for International Settlements (BIS)
November 24, 2020

The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.
The two parties agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability,
through its activities to balance the priorities of strategic importance for central banks in managing reserves,
and to ensure a good understanding of cash liquidity management and diversification in order to obtain good returns To meet their needs,
as well as providing credit, gold and foreign exchange brokerage services and asset management, including the function of integrated
financial and operational risk management and properly controlling them.
The Central Bank of Iraq
Information Office
November 21, 2020
https://cbi.iq/news/view/1607
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