The central bank agrees to open the windows of government banks to sell the dollar for citizens
07/25/2016



The Central Bank of Iraq, on Sunday, agreed to open government banks windows to sell thedollar for citizens, while citizens warned of the fraud by his operations, stressing that he does not mediate in the accounts of individuals or companies or organizations , and foreign remittances operations.

He said the Iraqi Central Bank, in a statement It received a "long", a copy of it, that " the central bank agreed to the government banks to open windows for the sale of US dollars in cash for travelers and for other purposes in Baghdad and the provinces."

He explained the bank, said that "some weak souls and scammers are carrying out a scam on some of thecitizens through some services offer to follow up the exchange instruments or transactions operations of loans and contracts of some financial institutions,

in addition to promoting the possibility of interfering with the central bank in order to stroll the transactions above or those of contractors bond exchange , "asserting that" these allegations or the other is not correct, and the Bank does not transfers of funds from abroad to persons or organizations inside Iraq.

" the
bank added that it" does not hold the accounts of persons, companies or organizations do not deal with not intercede in its operations or conversions, " and called on citizens to" take caution of those attempts and allegations and reporting to the relevant security agencies.

" The Central Bank of Iraq was established as an independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions a day for buying and selling currencies.

The Central Bank of Iraq, announced on Wednesday (22 June 2016), not to deal with customers who were struggling permits special customs Bastiradathm or who relied forgery requests, while committed banks and remittance to submit the names of those customers for the purpose of uncles to prevent access to the currency foreign future.
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Abadi adviser: Financial will issue bonds worth 5 trillion dinars to pay dues of contractors and farmers
07/25/2016

Affirmed the financial advisor to the Prime Minister Haider al – Abadi, on Sunday, the Ministry of Finance will issue bonds to pay five trillion dinars dues Contractors , amounting to about seven trillion and six billion dinars to pay the remaining amount of other bonds subject to coverage by law the budget for the next year in 2017,

and as pointed out that payment will be 100% for strategic projects and 50% for the other, economists called on the government to develop a comprehensive plan to review the project since 2013 to uncover cases of corruption that accompanied her.

he said theappearance of Mohammed Saleh said in an interview to the (long – Presse), said that "Contractors dues paid approximately seven trillion and six billion dinars to meet physical completion ratios varying contracting projects completed with the government , "noting that" the government has adopted a specific mechanism for the payment of those benefits include 100% payment for strategic projects, amounting completed 80% or more ratio, while the payment of 50% for those below the percentage completed for 80%.

" Saleh added that" thebenefits will pay a government bond issued by the Ministry of Finance and managed by the Central Bank ofIraq on behalf of the government , "noting that" the duration of the bond of three years from the date of issuance annual interest rate of 5%. "

He continued financial advisor to the Prime Minister, that " the bond issue was worth five trillion dinars , " pointing out that " the rest of the dues will be paid other bonds provided coverage law budget for the next 2017".

He stressed favor, that "farmers who handed over their cereal crops to the Ministry of trade for the years 2014- 2015 to 2016, and did not collect their dues, Ciecmlon in that settlement , "explaining that" can beneficiary of the government of Sindh to keep it or mortgaging or transferring ownership, as well as his opponent and turn it into cash means off the central bank if they wish so.

" it was Council of Ministers, approved in the (14 June 2016), the launch of dues contractors by 50% of the total dues as a down payment, and to report the implementation of the first chapter of the general budget in 2016 the House of Representatives for. in turn , an economist Mustafa Mohamed Habib said in aninterview for " term ", that" the lack of liquidity of the federal government as a result of lower oil prices , with an accumulated debt of an estimated 8 trillion dinars for companies and local contractors in addition to the farmers.

" He added that" the duty of the government to pay its debts due and payable by the laws of all the unfinished projects that reach ratios completed 90 % and the priority will be for infrastructure and ruling.

" He explained the beloved" the development of a database by the government describes the lagging projects which do not represent a priority for citizens and granted their licenses by administrative and financial corruption that suffered by the state over the past ten years.

" He said the " power the Executive is determined to distribute part of international loans to pay off internal debt according to prepared tables for this purpose.

" considered part of the Commission of economy parliamentary borrowing" negative case "has sought refuge Iraq" obliged ", as pointed out that the money will be borrowed will be allocated to important sectors such as health and education and displaced persons.

she said committee member Rep . Najiba Najib told a news briefing seen by the "long", he said that "access to credit is one of the negative situations where making there is an obligation on the state incurred in future fiscal years, " indicating that "Iraq has turned her forced as a result of their military commitments and the lack of revenue oil and the inability of previous governments to provide funds in the public treasury.

" she said Najib" the loans are not granted by theinternational organizations randomly or without conditions or restrictions , "pointing out that" the IMF conditions imposed on Iraq in the interest of money management State of Iraq and establish procedures and new ways and correct management of the Iraqi budget including to reduce operating expenses, and increased financial non – oil revenues.

" The answer to" The money that is borrowed by the state will be allocated to the sectors of the mission include health and education, in addition to reducing the suffering of the displaced, " asserting that " the lack of revenue led to reduce the financial allocations for this important and dynamic sectors."

He agreed IMF and the World Bank Trust Fund and international partners, in the May 19, 2016 to give Iraq a loan of $ 15 billion and conditions thereof, to reduce its expenses to 13 trillion dinars and payments to the oil companies .

the Council of Ministers decided in the (19 April 2016), the formation of a committee headed by Minister of planning and the membership of the Iraqi Central Bank Governor and advisers economic and financial to the Prime Minister and the agents of the finance and planning ministries, holds the structure and controls the completion of the distribution of Contractors benefits through the bond process of developing government, to submit its recommendations to the Prime Minister for approval within a week.

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Governance rules discreet expansion equity investments








7/25/2016 0:00

BAGHDAD – Mostafa Hashemi
recommended the workshop organized by the Iraq Stock Exchange of the importance of completing the legislation of the rules and regulations in line with the upcoming economic policy and complete the requirements and procedures required development and according to the plans developed by the Iraq Stock Exchange, as well as the issuance of the rules of governance sober for corporate work.

The workshop , titled « the role of the rules of governance contribute to the disclosure of corporate and bank guarantor and teleconference for investors to attract and promote investment securities» indicated in its recommendations the importance of the role of the operating performance of the participating companies included in the evaluation of the prices of shares in circulation, and claim those companies worthwhile to show these values ​​in its annual reports.

sedate governance as underlined the importance of concerted efforts of government institutions in the control of joint stock companies and the issuance of rules of solid corporate governance principles and not just her and the development of the required laws in order to attract investment investors discussions.

And opened the workshop Chairman of the Board of Governors of the Iraqi market for securities Thaer Adnan Hashim , who stressed that the market aims to unify the visions of project governance of joint stock companies , which is the basis for the success of companies listed and the protection of small investors corporate management control.

Financial instruments called in a speech at the start of the workshop He attended the «morning» to exert the effort required for the successful implementation of the subjects of the capital market in Iraq ‘s development through the widespread use of systems and electronic requirements for the issuance of the required instructions and rules,

noting the importance of the issuance of new instructions for the trading of new financial instruments and instructions for portfolio management and investment funds for corporate financial investment companies banking.

culture of investment , in turn , said Executive Director of the market , Taha Ahmed Abdul Salam: The Iraq Stock Exchange and part of its efforts to develop ways of indirect investment attracting organized during the first half of this year , four workshops in order to achieve the deployment of non – direct investment to all segments of society and to attract national savings culture and directed towards investment securities and the establishment of joint – stock companies and build investment confidence.

analytical information , adding that second goal to build analytical information centers and guiding media activities towards the development goals and build investment foundations in the private sector through the capital market.

He said the capital market in Iraq needs development economic activity after it is discussed a draft governance of joint stock companies prepared by the Securities Commission , which instructions, discuss and analyze the performance of joint stock companies indicators, and mechanisms of the guarantor bank and online trading to investors.

saw Hits presence of representatives of the Securities and central bank staff, in addition to the board of Governors and management of market Iraq Securities and professors of universities and colleges of the administration, the economy and the overall technical Central University and brokerage securities companies and managers Commissioners and representatives of the participating companies

included experts from Jordan, Lebanon and corporate electronic systems and a large number of investors and shareholders and directors of listed companies. and was held during the event an exhibition of products , a number of companies listed along with 12 other companies in order to contribute to the public and present Barzan activities in the local market and the potential definition of productivity.

http://www.alsabaah.iq/ArticleShow.aspx?ID=120162

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CBI warns citizens from scam operations in his name

Sunday July 24, 2016 13:03


Alsumaria News / Baghdad


CBI, warned Sunday, citizens from scam operations in his name, saying he did not intercede in the accounts of individuals or companies or organizations, and foreign remittances operations.

The bank said in a statement Alsumaria News received a copy of it, that "some weak souls and scammers are carrying out a scam on some of the citizens, through the display of some services to follow the exchange instruments or private loans and contracts with some financial institutions transactions operations, in addition to promotion to the possibility interfering with the central bank in order to stroll the transactions above or those of contractors bond exchange , "asserting that" these allegations or the other is incorrect, and the Bank does not transfers of funds from abroad to persons or organizations inside Iraq."

The bank said it "does not hold the accounts of persons, companies or organizations do not deal with not intercede in its operations or conversions", calling on citizens to "take caution of those attempts and allegations and reported to the competent security agencies.


The Central Bank of Iraq was established as an independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions a day for buying and selling currencies.

http://www.alsumaria.tv/news/174801/…9%85%D9%86/ar#