Central Bank confirms that the process of replacing damaged funds "legal and according to the controls"
11/15/2018


revealed the Iraqi Central Bank, on Thursday, for the reasons that prompted him to replace banknotes damaged in 2013, confirming that all procedures relating to the replacement of those securities "took place in accordance with the instructions and rules of law."

"The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems of rot," said Ihsan al-Yasiri, director general of the central bank,

And will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the central bank received and conducted the process of replacement.




For his part, the Director General of the Legal Department in the bank that "Article 33 and Article 34 of the Iraqi Central Bank No. 56 of 2004 was clear on the replacement of currency and cash damaged, which is considered the core duties and functions of the Central Bank of Iraq based on the law.

He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls."

https://www.alsumaria.tv/news/252744…D9%84%D9%81/ar

Central: Some financial and banking services companies do not have a certificate
11/15/2018

said the Iraqi Central Bank on Thursday that some companies offering financial and banking services do not enjoy Palmsadeghih.


The bank said in a statement received by Alsumaria News, a copy of it that "the banks authorized all, the scrutiny of some companies, offices and entities and offers such as financial services, banking, finance and training and other areas," noting that "some of them are not credible and may cause risks.


The bank welcomed "cooperation and advice in the investigation of those entities before entering into with them in transactions, contracts or agreements in order to protect the banking sector from fraud and fraud or waste of money and time with non-qualified."


The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy.

It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

https://www.alsumaria.tv/news/252699…D8%AA%D9%85/ar

NATO Leads New Mission to Develop Iraq’s Defense Institutions

A new NATO-led mission in Iraq will work to further develop Iraq’s security institutions and structures, British Army Maj. Gen. Christopher Ghika told Pentagon reporters here today.

American and Turkish troops conduct a convoy during a joint patrol in Manbij, Syria, Nov. 8, 2018. Army photo by Spc. Zoe Garbarino

The mission is expected to be established by early next year, said Ghika, who declined to specify which NATO nations and the number of personnel would be involved.

Ghika, deputy commander of strategy and information for Combined Joint Task Force Operation Inherent Resolve, spoke during a video teleconference from Baghdad today.

The nature of the mission will be noncombat, he said. It will consist of advisors working closely with officials of the Iraqi Ministry of Defense and the Office of the National Security Advisor “to help Iraq build a more effective, sustainable, inclusive and transparent defense sector.”

The focus of those efforts will be on institutional education in the National Defense University, the Joint Forces Staff College, and some of the schools which are building military capability in areas such as engineering and infantry, he said. The advisors will focus on training the Iraqi instructors.

Ghika also provided an update on coalition efforts to counter the Islamic State of Iraq and Syria and provide aid to civilians impacted by the fighting.

Coalition Efforts in Syria

Last week provided for the safe delivery of critical humanitarian aid to the Rukban internally displaced person’s camp near At-Tanf Garrison, Syria, on the border with Jordan in the deconfliction zone, Ghika said.

Leading that effort were the Maghaweir al Thowra, a fighting force native to southern Syria and a partner of CJTF – OIR, the United Nations and the Syrian Arab Red Crescent, a humanitarian nonprofit organization. Maghaweir al Thowra was previously called the New Syrian Army.

Supplies delivered included 10,475 food parcels, clothes for 18,000 children, 10,000 hygiene kits, as well as newborn baby kits for about 1,200 children, he said.

Also, the U.N. conducted an emergency vaccination campaign to protect around 10,000 children against measles, polio and other potentially deadly diseases.

Currently, the coalition and Syrian Democratic Forces partners are fighting ISIS in the last physically held terrain in the Middle Euphrates River valley around the town of Hajin in eastern Syria, Ghika said.

“This is a hard fight. Indeed, we have witnessed some of the most intense fighting since ISIS was defeated in Raqqa, [Syria,] and Mosul, [Iraq]. The ultimate outcome is not in doubt. ISIS will be defeated in the Middle Euphrates River valley,” he said.

On Nov. 8, U.S. and Turkish forces conducted their second combined joint patrol in the vicinity of the town of Manbij, Syria, on the west bank of the Euphrates, about 19 miles from Turkey. “This is a critical part of the coalition’s efforts to prevent the resurgence of ISIS there and enable the voluntary return of refugees and internally displaced people,” Ghika said.

Coalition Efforts in Iraq

Iraqi security forces continue to target ISIS fighters who are attempting to regroup and regain a foothold in the small pockets of the Anbar Desert area of Iraq. Those efforts, called Operation Last Warning, are broadening to the entire country, he said.

Additionally, Iraqi forces are shoring up the border with Syria to prevent ISIS fighters from fleeing to Syria, reinforcing efforts of the SDF, he said.

In Saladin province in northern Iraq, the ISF and the Iraqi counterterrorism service, supported by the coalition, conducted multiple strikes on an ISIS senior leader meeting, killing a significant number of ISIS militants and key leaders, Ghika said.

Progress in Battling ISIS

“I’m struck by the immense progress that’s been made by Iraqi security forces and Syrian democratic forces partnering against the evil of ISIS,” said Ghika, noting that this is his second CJTF – OIR tour, the first as deputy commander of the coalition’s land component command in 2014 to 2015.

A recently published U.N. report on atrocities and mass graves in territories formerly controlled by ISIS documents 202 mass grave sites and the U.N. estimates these sites contain 6,000 to 12,000 bodies, he said.

“This is a stark reminder of why the coalition to counter ISIS was established and why nations across the globe have been willing to send their fighting men and women here,” Ghika said.

(Source: US Dept of Defense)

Source: Central Bank is attacked by the "electronic armies" of banks affected by his policy
11/14/2018

An official source at the Central Bank said that the campaign against the bank is behind the electronic armies of banks affected by the monetary and monetary policy followed by the Central Bank.

The source added that "the central bank has followed the policy of high-level to maintain the exchange rate of the Iraqi dinar and succeeded in that and there is a misguided campaign aimed at this policy by some of those affected by them."

http://www.knoozmedia.com/367224/%D9…7%D9%84%D8%AC/

Citizen refutes allegations of the central bank governor in a primitive way

11/13/2018

Local – Kilkames Press; a citizen refuted, the allegations of the Iraqi Central Bank Agency, Ali Alaak, damage billions of dinars because of leakage of rainwater.

The citizen through a video in an experiment to the validity of the Iraqi currency and hardened in the water, where he put 250 dinars in the water for several hours without being damaged to the extent that leads to damage completely.

The governor of the Central Bank of Iraq agency, Ali Alaq, said during a meeting hosted by the House of Representatives, on Monday in response to a question on the causes of corruption of 12 billion dinars,

"The damage was before taking office when the coffers of the Rafidain Bank (government) to sink because of heavy rainfall In 2012 and caused damage to banknotes after the arrival of water to the stores. "

Al-Alaq explained that "the Central Bank is replacing currencies when exposed to any damage was also imposed a certain fine on the management of Rafidain Bank, which was reduced after considering what was spent and fate, especially that these securities outside the age of time.

He pointed out that "the central bank lost the cost of printing banknotes and it does not represent much, knowing that the amount was up to 7 billion dinars and a value much less than that and we regret an international certificate of cash management."

http://glgamesh.com/archives/21902

Citizen refutes allegations of the central bank governor in a primitive way

11/13/2018

Local – Kilkames Press; a citizen refuted, the allegations of the Iraqi Central Bank Agency, Ali Alaak, damage billions of dinars because of leakage of rainwater.

The citizen through a video in an experiment to the validity of the Iraqi currency and hardened in the water, where he put 250 dinars in the water for several hours without being damaged to the extent that leads to damage completely.

The governor of the Central Bank of Iraq agency, Ali Alaq, said during a meeting hosted by the House of Representatives, on Monday in response to a question on the causes of corruption of 12 billion dinars,

"The damage was before taking office when the coffers of the Rafidain Bank (government) to sink because of heavy rainfall In 2012 and caused damage to banknotes after the arrival of water to the stores. "

Al-Alaq explained that "the Central Bank is replacing currencies when exposed to any damage was also imposed a certain fine on the management of Rafidain Bank, which was reduced after considering what was spent and fate, especially that these securities outside the age of time.

He pointed out that "the central bank lost the cost of printing banknotes and it does not represent much, knowing that the amount was up to 7 billion dinars and a value much less than that and we regret an international certificate of cash management."

http://glgamesh.com/archives/21902

The National Bank signs a contract with the World Bank to provide financial facilities of $ 10 million
11/13/2018

The Iraqi National Bank signed a contract with the World Bank to grant financial facilities by 10 million dollars, while the Central Bank said that the partnership with international institutions will strengthen the banking system not only, but to provide technical support to them.


"The Iraqi National Bank signed a contract with the World Bank, represented by its financial arm, the International Finance Corporation (IFC) by granting financial and credit facilities of 10 million dollars to cover its commercial needs," Sami al-Araji, chairman of the National Investment Authority, told Alsumaria News.


"Such contracts are outside the traditional financial guarantees and will give Iraq an international view through such partnerships," Araji said.


For his part, the governor of the Central Bank of Iraq on the sidelines of the signing of the contract that "this relationship and partnership between the National Bank and the World Bank is an important starting point to reflect the development and progress to form its international relations and stabilize its position with the outside is a vital issue for the banking sector."


He added that "any bank without foreign arms can not progress and fulfill its banking services to the citizen," stressing that "when the relations with banks with important international institutions such as the World Bank, which not only express their capabilities financial support, but also provides important technical support, And the foundation of the institution, which can give the banking sector significant additions. "


He added that ""


The National Bank of Iraq was established in 1995 as a public shareholding company in the private sector, offering a full range of banking services.


The bank’s capital has been increased from 400 million Iraqi dinars at the time of incorporation to 250 billion Iraqi dinars (215 million US dollars) in December 2013.


The Bank has received a rating of "BB" "By the agency Capital Intelligence has also been rated "Good" by the Central Bank of Iraq at the Iraqi National Bank currently 12 branches spread across all major Iraqi cities.

https://www.alsumaria.tv/news/252561…D9%87%D9%8A/ar

The central bank prevents electronic payment companies from lending to anyone
11/13/2018

The Central Bank of Iraq decided on Tuesday to prevent electronic payment companies authorized to lend to anyone.


The bank said in a statement received by Alsumaria News that "it was decided not to allow authorized electronic payment companies to lend to any person, whether natural or moral, and not to borrow from shareholders in the company or from banks only after obtaining the approval of the Central Bank."


The bank added that "this will be allowed after providing reasons for the justification and clear the reason for borrowing, similar to all banks approved in Iraq and companies to mediate the sale and purchase of foreign currencies."


The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy.

It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

https://www.alsumaria.tv/news/252578/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%85%D9%86%D8%B9-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%81%D8%B9-%D8%A7%D9%84%D8%A7%D9%84%D9%83%D8%AA%D8%B1%D9%88%D 9%86%D9%8A-%D9%85%D9%86-%D8%A7%D9%82%D8%B1%D8%A7%D8%B6/ar