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Tag: iraqi banks

New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

New Iraqi Bank Notes Will Reduce Demand of U.S Dollar: Finance Committee

A member of the Iraqi Parliamentary Finance Committee Jabbar Al Abadi credited to the Iraqi Central Bank regarding currency strength of characters in the categories of 50 thousand and 100 thousand Iraqi dinars, to decrease the demand of the U.S dollars. Jabbar said in his press statement that the Iraqi Central Bank would issue new Iraqi dinar currency of large categories of 50 thousand and 100 thousand Iraqi dinars to cut back the demand of U.S dollars and foreign currencies,…

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CBI Formed a Group to Stop Money Laundering Operations

CBI Formed a Group to Stop Money Laundering Operations

A famous economic expert Firas Amer said that terrorist financing and money laundering problems occurs when you physically transfer money instead by using banking systems. Firas Amer issued a press statement that this major problem should be resolved with regional and international coordination in order to decrease the negative effects regarding this phenomenon. He further said that there is a must need in opening up financial organizations and Arabic and International institutions should help in decreasing these operations that badly…

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Major Steps To Support Iraqi Private Banks

Major Steps To Support Iraqi Private Banks

On Saturday, the Parliamentary Economic Commission that Iraqi private banks experiencing financial shortage problem and the Iraqi government should support in order to manage this problem. A committee member Ahmed Salim said that there are a number of opportunities that can be explored to facilitate for private banking sector, including investment because we are modifying the Law No. 13 in order to bring foreign investment in the country. The country is directly linked with its economical situation. He further said…

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Young People Should Perform their Role in the Banking Sector: CBI Governor

Young People Should Perform their Role in the Banking Sector: CBI Governor

The Governor of the Iraqi Central Bank issued a statement that the human involvement is the most important factor and it is a key element in the process of economic development. He also stressed on the importance of regular preparation and training for all employees in the Iraqi banking sector. He showed his confidence on new and young agencies in the availability of involvement in all departments for success in the Iraqi banking sector. He also expressed to the batch…

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Seminar Held for Adoption of International Accounting Standards

Seminar Held for Adoption of International Accounting Standards

A seminar held on the importance of the adoption of international accounting standards to get the financial stability. This seminar was organized by the Iraqi private banks association and it was attended by the Governor of the Iraqi Central Bank. The private banks association in Iraq has shown that due to an increase in the number of joint stock companies, a number of international standards have been adopted. The existence of a number of insurance companies are being attached with…

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Banking Companies to Cooperate with CBI for Iraqi Dinar Stability: Experts

Banking Companies to Cooperate with CBI for Iraqi Dinar Stability: Experts

A famous economic expert Maha Ehsan praised the banking companies and financial institutions showing mortality regarding the public and not taking advantage and getting profit from the crisis in the situation which the country is facing after selling the hard currency. She issued a statement that a number of banking companies and financial institutions were taking advantages from the situation and taking hold the chances in making profits from the citizens dealing in buying the U.S dollars and transferring these…

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Iraq Planning to Issue International Debt Bonds: Hoshyar Zebari

Iraq Planning to Issue International Debt Bonds: Hoshyar Zebari

The Iraqi Finance Minister Hoshyar Zebari said that we are planning for a new project and the Iraqi banks are ready to help in this direction. He said we are going to issue first International debt bonds for sale of 5 billion U.S dollars for nine years time period. This year, the Iraqi government has projected a budget deficit of 25 billion U.S dollars and this project will also help us. He further said that Iraq is planning to obtain…

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An Increase in Iraq Stock Exchange in First Quarter of 2015

An Increase in Iraq Stock Exchange in First Quarter of 2015

The Executive Director of the Iraqi securities market, Taha Ahmed said in a press statement that the market has recorded a rise in the number of traded shares in the first quarter of this year and the Iraqi banking sector displayed first place in the volume of trading. He further explained that a number of traded shares rose in the Iraqi Stock Exchange in first quarter of current year 2015. It is about 135.9 billion shares were traded with a…

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