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

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

Iraq’s public budget lacks support for local industries
11/12/2018

governor of the Central Bank Ali Alalak, on Monday, that the public balances of Iraq are free of support for Iraqi industries.

Al-Alak said during his attendance at the parliament session today, that "the public attributes of Iraq are free of support for Iraqi industries."

He added that "the central bank weighed between the financial options," noting that "despite pressure and impossible targets, but the central bank maintained the exchange rate."

And on the "damage" 12 billion dinars in Rafidain Bank , said Alalak that it happened "before receiving (the post of governor of the Central Bank)," noting that the funds "draws because of damage suffered by Rafidain Bank."

"The Central Bank received the damaged papers and compensated and imposed a fine on the bank, and the management of the bank said it (an accident of 12 billion dinars) in the district and asked for a reduction of the fine, and was reduced because it is a government bank.

It is noteworthy that the House of Representatives held, earlier in the day, Monday, its 13 chaired by Mohammed Halbusi , and includes the meeting hosting the Governor of the Central Bank on the differences to discuss the status of his name and the signature of the currency, and the sale of currency and the reduction of reserves, and 12 billion Iraqis, Central Bank of Iraq.

https://www.alsumaria.tv/news/252476…D9%85%D9%86/ar

Zain Cash launches new features and expands its services with the launch of Walt Card
11/12/2018

The card will allow its users to use all ATMs, points of sale and purchase across electronic trading platforms and anywhere in the world.


The card allows the user to purchase and pay in two different currencies (US dollar and Iraqi dinar) through the same card.


The MasterCard Card will be linked to the Zain smart phone application and will allow for real-time transaction monitoring and account detection for financial transactions.


"For the first time in Iraq, Zain Cash announced the launch of new features and the expansion of its services by the launch of the card" Walcard "authorized by the company" MasterCard "the world’s leading payment solutions,

The card will be linked to the Zain Cash mobile wallet without the need for a bank account to provide cardholders with the advantage of obtaining a MasterCard card and making use of it locally and globally.

Through a network of more than 50 million points of sale, Added to the possibility of shopping through the Internet and use to withdraw from ATMs and anywhere in the world.




In this context, Zain Iraq’s Chief Executive Officer Ali Al-Zahid stressed in his speech that the importance of keeping pace with the development in the digital economy.

"Zain Iraq seeks to develop digital services and solutions that the company sets as a strategic objective in contributing to the development of this vital sector, Providing services in Iraq and the region and its subscribers will be able to enjoy the services of sophisticated and easy and safe at the same time as the countries of the region and the world. "




"We are delighted to launch Walt Card as the first prepaid card linked to an intelligent smartphone application in Iraq that will give the cardholder the freedom to shop in the Iraqi dinar currency or the Iraqi Dinar," said Yazen Al Tamimi, Executive Director of ZainCash, licensed by the Central Bank of Iraq.

US Dollar through the card itself and can be used to withdraw money, shopping and electronic shops and the control and knowledge of financial movements through the application of Zain Cash via smart phones in an instant,

which will enhance the electronic payment system for all Mash Turkin, providing an easy and secure payment method that meets the highest international standards. "




"The card will be available today at all major Zain service centers across Iraq and Zain subscribers will be able to register and activate the card easily and without complications," Tamimi added.




Zain Cash aspires to launch card "WalCard" MasterCard International to contribute to the transition to a non-monetary economy, and the growth of the digital economy in Iraq and open new horizons by providing them with a new mechanism and safe,

especially while traveling around the world where they can do all financial transactions through the card and linked Applying ZainCash to their smartphone.




The card can be obtained easily by going to the Zain Iraq service centers located in different governorates without the need to open a bank account, and can activate the card for free by entering the application "Zain Cash" in the smartphone and click on the icon "Walcard

"And registration as the owner of a permanent account, and enter the serial number of the card" WalCard "followed by the PIN code of the portfolio,

" Zain Cash, "WaltCard card" Zain Cash "to allow the user to control the card easily if lost through the application of" Zain Cash "Via the smartphone and can be re-filled the wallet in the Naq And you can also get to know your nearest point at any time through the application and the commercial team and the coach will be ready to explain the details and mechanisms of activation, which are characterized by being easy and confidential.


Zain Mobile’s mobile phone portfolio was launched in March 2013 with the aim of developing mobile and Internet payment solutions and was granted approval by the Central Bank of Iraq in December 2015.




Its main services include the transfer of money from person to person (P2P), payment of public service bills, digital purchases, recharge of the balance, e-commerce, as well as the basic services we offer ZainCash, this platform provides the ability to pay electronically when purchasing goods online, Airline tickets, donation, balance shipping, money transfer and forward payment via QR code.

https://www.mustaqila.com/%D8%B2%D9%…A%D9%87%D8%A7/