Iraqi Currency … Where Printed And How Much Cost?
11/18/2018


Abha channel / follow-up
disclosure of MP Naji Radis Saidi, Sunday, the place where the printing of the Iraqi currency, pointing out that it cost 4 cents per paper.

Saidi said in a statement that "the central bank had previously printed banknotes of the Iraqi currency in Switzerland, but changed the place of printing is currently printed at the British Institute in London and is supposed to be specifications prevent damage.

"The cost of printing one banknote is between 4 and 5 US cents, and then the currency is transferred to Iraq," he said.

The director of the issuance in the Central Bank Ihsan al-Yasiri said that the Central Bank of printing a thousand papers of the category of 25 thousand dinars in Arson international companies at a cost less than $ 60,

adding that the bank will not spend considerable liquidity to print the new monetary categories because they cost little.

http://www.alebaa.tv/news/%D8%AA%D9%…%D9%84%D9%81-/

Iraqi party: the debts of the country 124 billion dollars and we will reveal scandals of the Ministry of Oil
11/17/2018


The head of the Party "competencies" Haitham al-Jubouri on Friday for his relentless disclosure of files of corruption in the ministries of the Iraqi state, including the Ministry of Oil, which described the corruption of the scandal.


Jubouri pointed out that Iraq’s foreign and internal debts amounted to 124 billion dollars, noting that 40 billion dollars of those debts belong to the Gulf countries to
support the regime of Saddam Hussein in the war on Iran,

and those countries did not talk with Baghdad about those funds, and there is 33 billion dollars To foreign countries and international financial institutions, and 51 billion of them as domestic debt.

Al-Jubouri spoke at the symposium of the political decision-making center for studies on the reality of oil export and production.

He explained that Kirkuk oil is used to meet the local need only for the difficulty of transporting it from the Kirkuk fields.

The local need is 600 thousand barrels per day, To the extent of scandals to be disclosed and make efforts with other ministries suffering from the same problem where some foreign workers earn 70 thousand dollars and our youth is unemployed. "



As for the collection of money and taxes, Jubouri said: Most countries in the world rely on their sources of income on taxes and charging fees in return for providing services to citizens, but in Iraq we are suffering from the problem of the inability to provide services suited to the state tax and taxes, and this makes the citizen is not convinced.


Jubouri spoke to the decision center about the Finance Committee in Parliament, proposing to divide it into two financial committees, and another call it the Budget Committee and the final accounts,

and said that there is a problem of inability to audit the final accounts provided by the Office of Financial Supervision because of time and problems.


He also stressed the existence of a great disappointment because of the pressure exercised by corrupters who hinder the efforts of detection of the money and tools and armies ready for electronic dotting.


Jubouri expressed his satisfaction with the efforts made to allocate 30% of the collection funds in the provinces to meet their needs of service, while 70% goes to the state treasury.

https://www.sotaliraq.com/2018/11/17…8%D8%B3%D9%86/

Iraqi party: the debts of the country 124 billion dollars and we will reveal scandals of the Ministry of Oil
11/17/2018


The head of the Party "competencies" Haitham al-Jubouri on Friday for his relentless disclosure of files of corruption in the ministries of the Iraqi state, including the Ministry of Oil, which described the corruption of the scandal.


Jubouri pointed out that Iraq’s foreign and internal debts amounted to 124 billion dollars, noting that 40 billion dollars of those debts belong to the Gulf countries to
support the regime of Saddam Hussein in the war on Iran,

and those countries did not talk with Baghdad about those funds, and there is 33 billion dollars To foreign countries and international financial institutions, and 51 billion of them as domestic debt.

Al-Jubouri spoke at the symposium of the political decision-making center for studies on the reality of oil export and production.

He explained that Kirkuk oil is used to meet the local need only for the difficulty of transporting it from the Kirkuk fields.

The local need is 600 thousand barrels per day, To the extent of scandals to be disclosed and make efforts with other ministries suffering from the same problem where some foreign workers earn 70 thousand dollars and our youth is unemployed. "



As for the collection of money and taxes, Jubouri said: Most countries in the world rely on their sources of income on taxes and charging fees in return for providing services to citizens, but in Iraq we are suffering from the problem of the inability to provide services suited to the state tax and taxes, and this makes the citizen is not convinced.


Jubouri spoke to the decision center about the Finance Committee in Parliament, proposing to divide it into two financial committees, and another call it the Budget Committee and the final accounts,

and said that there is a problem of inability to audit the final accounts provided by the Office of Financial Supervision because of time and problems.


He also stressed the existence of a great disappointment because of the pressure exercised by corrupters who hinder the efforts of detection of the money and tools and armies ready for electronic dotting.


Jubouri expressed his satisfaction with the efforts made to allocate 30% of the collection funds in the provinces to meet their needs of service, while 70% goes to the state treasury.

https://www.sotaliraq.com/2018/11/17…8%D8%B3%D9%86/

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

International economic growth expected to rise in Iraq in 2019
11/13/2018


The economic growth in Iraq and other oil countries will reach 0.9% next year, warning at the same time of fluctuations in oil prices.

The GCC economy in general will return to growth in 2018 after shrinking in some of its countries but remains vulnerable to oil price volatility, the IMF said in a report released today.

He pointed out that the rise in oil prices after the significant decline until 2016 will allow the Gulf economy to grow by 2.4% this year and 3% in 2019, after shrinking by 0.4% in 2017.

The six Gulf states – Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar – produce 17 million barrels of oil a day and their budgets are heavily dependent on crude revenues.

With the oil market unstable and volatile, the IMF warned that "the growth prospects of the oil-exporting countries are affected by serious doubts about the course of oil prices in the future."

Oil prices lost about 20 percent of their value last month after rising recently, due to oversupply and indications of the limited impact of US sanctions on Iran.

The IMF said growth in the oil-producing countries outside the Gulf – Iraq, Iran, Algeria and Libya – is expected to reach 0.3 percent in 2018, up from 3 percent a year earlier, before rising to 0.9 percent in 2019.

"This is a significant reflection of the re-imposition of US sanctions on Iran, which will likely reduce Iran’s production and exports over the next two years," he said.

He predicted that the Iranian economy will shrink by 1.6% this year and by 3.6% next year

http://www.knoozmedia.com/367120/%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%A7%D9%82%D8%AA/

The signing of a strategic partnership between the Iraqi National Bank and the International Finance Corporation to support the Iraqi commercial sector
11/12/2018

The Iraqi National Bank and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a commercial financing agreement to facilitate the access of Iraqi National Bank customers from the corporate sector to the international markets, in order to boost trade and stimulate economic growth.

IFC supports the National Bank of Iraq in corporate governance. The agreement and the memorandum of understanding were signed at a special ceremony held under the patronage of His Excellency Mr. Ali Mohsen Al Alaq, Governor of the Central Bank of Iraq.


The agreement and memorandum of understanding were signed by Ayman Abu Dheim, CEO of the National Bank of Iraq, and Dalia Wahba, Director of the International Finance Corporation for the Levant region.

The signing ceremony was attended by a number of representatives of the official Iraqi financial institutions, as well as clients of the bank from the corporate sector and members of its Board of Directors and members of its executive management.

According to the agreement, IFC will include the Iraqi National Bank as part of the International Business Operations Program, which will enable the Bank to provide indirect trade facilities with a total value of US $ 10 million for the corporate sector in the Iraqi market and IFC bailout.

Thus, the Iraqi National Bank is the only Iraqi banking institution affiliated to the program.

"We view this partnership as a strategic step that reflects the confidence of the World Bank, a representative of the International Finance Corporation (IFC) in the National Bank of Iraq in particular and the Iraqi banking sector in general," said Bassem Al Salem, Deputy Chairman of the National Bank of Iraq.

The partnership will enable the National Bank of Iraq to offer a competitive range of banking services to its corporate clients, helping them grow their businesses, import basic materials to Iraq and access global markets, which will play a pivotal role in boosting economic growth. "

He added: "The Iraqi National Bank has been able to open up to the outside world during the past years, which enabled it to obtain ceilings to finance trade from a number of correspondent banks, which reflected positively on the volume of appropriations issued, which rose to more than 700 million dollars in 2017

"The bank’s strategic partner, Capital Bank, which has about 62% of the capital of the National Bank of Iraq, has been commended for providing all forms of support since its participation in the Bank in 2005."

For her part, Ms. Dalia Wahba said: "Cross- Positive impact on the local economy as well A contribute to raising the level of the banking sector.

" "IFC will enable the NCB to expand its network of correspondents and support its business diversification strategy, which is important and sustainable in the long term."

This initiative comes within the framework of the Global Finance Finance Program implemented by the International Finance Corporation with a budget of US $ 5 billion. The program works with more than 600 partner banks around the world, providing partial or full guarantees as well as covering potential risks.

Finance plays an important role in facilitating cross-border trade, filling gaps in the market between importers and exporters by providing guarantees to banks, and supporting the creation of new jobs and reducing poverty.

The agreement is part of IFC’s strategy to support the economies of developing countries affected by conflicts and help them recover from years of economic downturn.

As for the MoU, IFC provides support to the National Bank of Iraq in strengthening the corporate governance system to ensure that best practices are applied in this area and to strengthen governance and governance frameworks.

https://www.mustaqila.com/%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%A5%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D 9%8A%D8%A9-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%A3/

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/

Custodian of the United Bank for Investment: United Bank of the banks that work hard in Iraq
11/11/2018

The governor of the United Bank for Investment, Imad Abdul Hassan Jihad, announced that the United Bank is one of the most reliable banks operating in the country.

Abdul-Hassan said in a press statement received by "Economy News", that "United Bank for investment is one of the banks, despite the tough circumstances that passed, which is a reflection of the current conditions experienced by the country during the past years.

""We would like to show that the replacement of the previous administration with a new administration by the Central Bank of Iraq is a confirmation of the status of the bank in the banking sector of Iraq.

"He pointed out that "United Bank is committed to its customers to pay all their dues and receive their deposits and continue to provide banking services to customers in all branches operating."

http://economy-news.net/content.php?id=14342

Abdul Mahdi identifies his government’s "core mission" and complains "obstacles" that stand in the way of investment
11/10/2018

Prime Minister Adel Abdul Mahdi on Saturday that the main task of his government is to develop the Iraqi economy and pay great attention to the private sector, pointing to the existence of obstacles that still stand in the way of investment projects.

Abdul-Mahdi said in a speech during the opening of the 45th session of the Baghdad International Fair, followed by the agency "Enzozmedia" that "the many wars inflicted by Iraq internally and externally destroyed the infrastructure and closed many tracks in front of him," stressing that "we are in front of the task of developing the Iraqi economy, "He said.

He added that "there are obstacles still exist and stands as an obstacle to the implementation of investment projects and the development of the economy," noting that "we have many steps and obstacles before reaching the normal situation."

He pointed out that "whenever the economy is liberated, the policy is reversed and vice versa," stressing that "our battle today is to impose order and apply the law."

http://www.knoozmedia.com/366835/%D8…-%D9%84%D8%AD/

Abdul Mahdi identifies his government’s "core mission" and complains "obstacles" that stand in the way of investment
11/10/2018

Prime Minister Adel Abdul Mahdi on Saturday that the main task of his government is to develop the Iraqi economy and pay great attention to the private sector, pointing to the existence of obstacles that still stand in the way of investment projects.

Abdul-Mahdi said in a speech during the opening of the 45th session of the Baghdad International Fair, followed by the agency "Enzozmedia" that "the many wars inflicted by Iraq internally and externally destroyed the infrastructure and closed many tracks in front of him," stressing that "we are in front of the task of developing the Iraqi economy, "He said.

He added that "there are obstacles still exist and stands as an obstacle to the implementation of investment projects and the development of the economy," noting that "we have many steps and obstacles before reaching the normal situation."

He pointed out that "whenever the economy is liberated, the policy is reversed and vice versa," stressing that "our battle today is to impose order and apply the law."

http://www.knoozmedia.com/366835/%D8…-%D9%84%D8%AD/