Central Bank calls for banks to keep abreast of the latest information technology
Economy news Baghdad: Director of information technology and communication Department at the Central Bank, Adnan Asaad, Sunday, banks to go about banking and keep up with the latest information technology.
Assad said during the second day of the Conference of the modern banking techniques, and followed the news economy “to” Central Bank invites banks need to go about banking and matched by using the latest information technology. ”
“The Central Bank demanding banks to develop short, medium and long term plans to keep up with the latest information technology, calling on banks to” create data centers inside Iraq. ”
“Information security policy an important topic in banking transactions,” stressing the need “to deal with Iraqi companies specializing in information technology and give the opportunity to young Iraqis in this area.”
“We hope the banks rely on consultants for the purpose of developing sophisticated banks towards banking cadres with excellent services.
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Latest map of the security forces in Mosul right handed
Read more: http://www.dinarupdates.com/showthread.php?48835-Latest-map-of-the-security-forces-in-Mosul-right-handed
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Mosul to be fully liberated within few days: Official
Chief of Staff of the Iraqi army Gen. Osman al-Ghanemi said on Saturday Mosul will be declared completely ISIS-free within few days.
The armed forces will declare the full control over the city, and the killing of all terrorists there, he added.
Iraqi joint forces fought fiercely, showing that its capabilities are on par with the world’s top armies, Ghanemi stated.
The Iraqi forces managed to attain victory in surgical operations that will be taught at military academies in the future, he went on to say.
The Iraqi forces, of all its branches, killed over 6,000 terrorists and evacuated over half a million civilians from the war-ravaged areas.
On his part, General Abdul Karim Khalaf, adviser of Arab European Counterterrorism Center said Mosul Battle is actually finished, and the remnants of ISIS terrorists are deemed to be dead.
The fighters of the Iraqi army showed great ability to control and maintain ground, he added.
The Iraqi forces are pushing on ISIS in the right bank of Mosul since February 19th with the aid of the US-led coalition.
Most of the city are now ISIS-free, with dozens of the terror group’s operatives are being killed on a daily basis.
Read More: http://www.thebaghdadpost.com/en/story/10196/Mosul-to-be-fully-liberated-within-few-days-Military-official
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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God. – Thomas Sowell
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Phillyman (Dinar Guru) – Article: “Mosul to be fully liberated within few days: Military official” Quote: “Chief of Staff of the Iraqi army Gen. Osman al-Ghanemi said on Saturday Mosul will be declared completely ISIS-free within few days.” Don’t know why these guys keep throwing out predictions but here we go again
Read more: http://www.dinarupdates.com/observer/
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Central extends the sale of national bonds to the middle of this month
Central Bank announced on Sunday, for the extension of the sale of national bonds in the second Alasaddarah to the middle of the month of May
The bank said in a statement, said he had to “extend the period of the sale of national bonds in the second Alasaddarah on behalf of the Ministry of Finance
He explained that the extension would be until the middle of this month and by 13 days after it was scheduled to stop in the second of this month
The central bank issued, on April 2 , 2017 national bonds on behalf of the Ministry of Finance of $ trillion dinars to finance the deficit in the general budget of Iraq as a result of lower oil prices globally.
Read More: http://www.dinarupdates.com/showthread.php?48893-Central-extends-the-sale-of-national-bonds-to-the-middle-of-this-month-07-05-2017
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Aggiedad77 (Dinar Guru) – […you think Dr. S [Shabibi] would show up when Trump decides to go and congratulate A [Abadi]? It would be a great day to see the 3 of them make the announcement all together. Correct me if I’m wrong but if we don’t get an announcement before Ramadan it will be more than likely after and would be a great gift to the country.] It’s been said before that Dr. Shabibi is enjoying his retirement in Switzerland…don’t look for him to come back…he knows his country is in good hands…with Abadi and Allak. As for Ramadan…who truly knows…I just know…I have a feeling…with money that has been moved…vast amounts of it…with changes in prices that we’ve witnessed…with the changes in salary payments that we’ve seen…something IMO needs to happen…and by all rights it should happen well before Ramadan.
Read more: http://www.dinarupdates.com/observer/
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Iraqi Business Council adopt projects to develop the economy
Baghdad scales news – Iraqi National Business Council announced, he adopted an Iraqi Institute, scientific research projects to develop the economy, for the first time in the private sector, noting that projects came up with recommendations to be submitted to the Cabinet.
Board said in a statement/balance news/copy, the “Iraqi National Business Council and the Iraqi Institute for economic reform, and in a bold move and sincere initiative, the first annual competition for economic development research on Saturday 6/5/2017 and a Conference Hall at the headquarters of the Iraqi National Business Council in the presence of a constellation of academics, economists and business people led by Attorney Abdel Karim alabetan, Member of the parliamentary integrity Committee walbrovso Dr Abdel Hussein alatbeki, economic advisor to the Prime Minister.”
The competition included two axes:
I guarantee the “presentation of research submitted by researchers as given for 7 minutes for each researcher, introduced the idea and the search for finding the 10 residents Committee evaluates research to identify winning three research.”
The first winner was Francis auraha search subject (the propagation of seeds of wheat crop in high level Iraq), and the second winner Faris Faisal about his research subject (GnRH hormone treatment effect when embryo transfer pregnancy rate and the ruins early to Holstein cattle fetal wefrizian), and the third winner Talal Anwar on his research subject (AD vitamins treatment effect, E before the consolidation of estrus after altsvid in alawasi performance in lambs genital Iraq : Field applications and economic feasibility) “.
Visual and has Kamal Dawood Abd roar, it said, “to provide testimonials for winning research and research presented,” announced “Visual first prize is $5 million dinars and second prize 3 million dinars and third prize 2 million dinars and the winning research will be sent to the respective sectoral authorities to determine their applicability and impact of field and fields.
Attorney Jawad Al-bulani has been declared, “ready to care for the next competition and allocate prizes before him.”
The statement noted that “there are other papers submitted to the contest: the effects of interest rate on wages in the Iraqi economy, tourism investment new Aqua development of the Iraqi economy, finance-profits out of entitlement-that Iraq lost in favor of mobile companies and compare them with International Monetary Fund loan scenarios roadmap for reorganizing the Iraqi industrial sector, as well as Dr Sneh cocks, Arabic Republic of Egypt not unlucky come to Iraq say researched Biological agents of unmarked (as Selection alternatives to Fungicide use for Reducing Post harvest Rot – losses of Fresh Fruits and Vegetables).
The second axis included discussions on research and on many economic issues where they will make recommendations that came out of the contest to the Prime Minister’s Office and advisors “.
He attended the seminar, according to the statement, all “mp Abdel Karim alabetan, one of the firm’s research, Professor Abdel Hussein Al-Anbuge, was one of the firm’s research, Dr thair Faili, one the correct research, Ayad Kazem Al-bulani, one the correct research, Dr Kamal Basri, was one of the firm’s research, Dawood Abdel was one of the fine, the roar of research, Abd Allah al-jibouri, one was good the excellent research, Salah was one of the strong ‘ Alloush for research.”
As well as “Dr Zouhair Al Hassani, Chairman national investment experts, Dr Soraya khazraji, monetary and banking Professor of Economics University of Baghdad College of management and economics, engineer Mohamed Sheikh Mohamed Abdel Karim Megastar, Dr Talal Anwar Abdul Karim, Faculty of Agriculture University of Baghdad, Dr Francis auraha, Prof supporter credited, Middle Euphrates University, Assistant Professor Dr Haitham al Janabi, technical college”.
In addition to all of the “r m Faisal Ibrahim, Knight senior agricultural Department of livestock, LLC, associate head Avinash cooing Mahdi regulatory body, the Federal Office of financial supervision, Dr returning Fawzi Ahmed, Baghdad agricultural faculty, Dr Ahmed Hamadi Selma, College of management and Economics/Mustansiriyah, Dr Ahsan Attar/oil Ministry expert, Fouad eldejily, consulting engineer, Dr Faik Ali Abdul Rasul, an economic consultant, Dr Abdel Hussein Hakeem, an expert of the Ministry of agriculture, Saleh Hakim, President of the Center for wisdom For dialogue and cooperation of Najaf, Abbas Radhi punitive, Dr Hamid, President of the International Union of businessmen, business organization, Jabbar, Dr Nadim Kazem Hamza, Ministry of agriculture, Faisal Kadhim mutasher rabee ‘ al, agricultural extension, Abdul Hassan frozen yogurt, President of the Association of insurance, almaadaidi, Attorney Abdul Karim alabetan, Omar Adel Mohamed, IVF Department. ”
The contest was attended by “Zainab Zaheer Shiite Waqf, areej Hassan/Ministry of finance, Hisham Al-juboori/businessman Iraqi National Business Council Member, Arshad Majeed, Director of business development, Saddam Zamel, a member of the Iraqi National Business Council, triumph Ramahi, Baghdad University, a member of the Iraqi Institute for economic reform OCE Hadi, a member of the Iraqi Institute for economic reform.”
Read More: http://www.dinarupdates.com/showthread.php?48869-Iraqi-Business-Council-adopt-projects-to-develop-the-economy
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Enorrste (Dinar Guru) – Article: “Vice: oversees the United Nations five-year plan for economic development in Iraq” i agree with KAP [Guru Kaperoni…reference post 5-2-2017] that the IMF is what she is referring to. This confirms and ties into what we have known for some time, namely that the IMF is controlling the plans for change at this point. Furthermore, they are on record that they intend to “bring Iraq into the world market” sometime in the first half of this year. If they are on schedule then we should expect some significant changes within the next 60 days. Of course this is Iraq, and even with the control in the hands of he IMF, it is anyone’s guess how long it will take to get to the float.
Read more: http://www.dinarupdates.com/observer/
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“Mobile banking” new financial technology entering Iraq
Baghdad – Journal News – The Central Bank of Iraq governor Ali al-Alaq said on Saturday that the Central Bank is working on the system of localization of salaries through the electronic payment of state employees and get rid of the traditional way in the process of receipt of salaries, as disclosed the intention of the Central Bank to activate the so-called “mobile banking” in Iraq .
“The use of modern technology and linking it to the banking system in Iraq, through high-quality systems and the speed of banking and banking facilitation will raise profits for shareholders and encourage citizens to save,” Al-Alak said in a speech at a conference on banking technologies attended by the Journal News. Investment in banks and banks. ”
He added, “We are in the process of activating the so-called mobile banking, which is to carry out banking operations and remittances through the use of smart phones through high-quality Internet systems.” He pointed out that “the Central Bank is in the process of operating banking disclosure systems between banks and shareholders.”
The conference, “Banking Techniques”, was held at the Babylon Hotel in central Baghdad, with the participation of 30 companies from 7 Arab and foreign countries.
The conference was attended by Iraqi economic figures, including the financial adviser to the Prime Minister, the appearance of Mohammed Saleh, the head of Baghdad Investment Authority Shaker al-Zamili, as well as foreign and Arab delegations.
Read More: http://www.dinarupdates.com/showthread.php?48860-quot-Mobile-banking-quot-new-financial-technology-entering-Iraq
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Today the conclusion of the conference banking technologies in Baghdad
Economy News Baghdad: It concludes on Sunday, the Conference of banking technologies with the participation of 30 companies from seven Arab and foreign countries.
A source at a conference of banking technology for “Economy News”, “Conference on Banking Technologies concludes on Sunday with the participation of 30 companies from seven Arab and foreign countries,” adding that “the Central Bank of Iraq, praised the efforts made to the success of the conference banking technologies
The work of the Conference of banking technology was launched on Saturday, in the presence of the central bank governor and directors of government and private banks
Read More: http://www.dinarupdates.com/showthread.php?48889-Today-the-conclusion-of-the-conference-banking-technologies-in-Baghdad-Economy-Ne
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Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4 thousand, and perhaps more
Economy News / special – He said the governor of the Central Bank of Iraq on the Keywords to stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing say that the central bank is obliged to do the job, even refrained from performing the role of the collapsed financial situation in Iraq.
Keywords and said in an interview conducted by the envoy of the agency “Economy News” on the sidelines of the annual conference of the Union of Arab Banks held in Beirut recently Waglguena sale Atarlasubh window Sarsrv Atarmabin 3 and 4 thousand dinars, and perhaps more.
He said the governor also Sndpartya case cancellation window printed currency to trillions of Aldnaniralaracah annually to cover the local need for dinars, will lead to Iraq’s infrastructure to Anhiaralamlh because of inflation, known as Oma cash excessive.
On the prospects of floating Aldenarabraghi, similar to other countries in the region, Keywords said that it is Matrouh sealed now, and we are working on editing currency and not float, a large difference between the two
Keywords denied the existence of the currency auction in the central bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only.
Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currency, pointing out that the situation in Iraq is different
He noted that the solution in Iraq is to reduce the demand for the dollar through the structure of the Iraqi economy is correct, and not through the sizes for the sale of the dollar.
The governor stressed the central bank sought to settle the salaries of employees in private banks, confirming the existence of a trend for the resettlement of all Iraqi employees’ salaries next year 2017 in the banks.
Welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the parliament, on the basis of the fact that monetary policy is the issue of specialty can not be addressed from afar, or through skirmishes and analysis is accurate.
This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi Association of private banks.
Economy-news.net
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Iraqi Dinar/Dollar auction 05-07-17 (most recent listing)
Currency Auctions Announcement No. 3436
This daily currency auction was held in the Central Bank of Iraq on the 05-07-2017
| DETAILS | NOTES |
| Number of banks | 38 |
| Number of remittance companies | 11 |
| Amount sold at auction price (US$) | 159,486,566 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 159,486,566 |
| Total offers for selling (US$) | —– |
Read More: http://www.dinarupdates.com/observer/
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| CURRENCY | CODE | SELL | BUY |
| US dollar | USD | 1184.000 | 1182.000 |
| Euro | EUR | 1293.757 | 1293.110 |
| British pound | GBP | 1525.702 | 1524.940 |
| Canadian dollar | CAD | 867.399 | 866.966 |
| Swiss franc | CHF | 1193.188 | 1192.591 |
| Swedish krona | SEK | 133.908 | 133.841 |
| Norwegian krone | NOK | 136.468 | 136.400 |
| Danish krone | DKK | 173.974 | 173.887 |
| Japanese yen | JPY | 10.505 | 10.500 |
| Special Drawing Rights |
SDR | 1620.801 | 1619.991 |