Posts Tagged ‘Board of Directors’

Kuwaiti official: Kuwait is looking forward to continue to receive future quarterly payments until the full repayment of the amounts of compensation

The head of “Public Authority for Assessment of Compensation for Damages Iraqi aggression,” Khaled Ahmad Al-Mudhaf that the remaining amount of Kuwait is estimated at 8.899 billion dollars and Kuwait “looking forward” to continue to receive payments of future quarterly until payment of the full amount of compensation. (more…)

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First Published: 2013-11-22

Geneva – Kuwait called on Friday to the United Nations Committee for the compensation to the need to deal with the request to retrieve some sensitive and confidential documents which I had lost during the period of the invasion of Iraq, at a faster pace.

He said Khaled Ahmad Al-Mudhaf, chairman of Kuwaiti Public Authority for Assessment of Compensation for the loss of the Iraqi invasion delayed the delivery of the Commission of these documents to his country for more than eight years, despite the signing of a bilateral agreement written and verbal are whereby the return of such documents to the State of Kuwait after the completion of the review. (more…)

447801Monday, 09 September 2013 23:41

Baghdad (AIN) –The Secretariat General of the Council of Ministers formed a committee that assumes identifying the price of the US dollar in return of Iraqi dinar for all purposes.

The Secretariat General of the Cabinet reported in a statement received by AIN on Monday ”The Cabinet decided to form a committee in accordance to resolutions of the Economic Committee meeting within the 13th session at the Parliament on 24/7/2013.” (more…)

07/29/2013 12:00 AM

Expert: entry establish a competitive environment with local

Banking expert stressed that Iraq represents a promising financial market attracts the attention of investors and international banks to come to the country and direct banking investments where especially given that citizens are now looking to banking services is greater than currently exist. (more…)

Student Governor of the Central Bank of the former Iraqi Shabibi release bank staff and employees detained for more than 6 months at least.

Shabibi said in a statement, received the Agency for News News (et) a copy of the detainees are both adviser and member of the Board of Directors of the Bank Hassan Hashem al-Haidari and Associate Director of money laundering Fawzia Kazim Ali and general manager of banking and credit Hazem star Ani and general manager of accounts Haifa Peter Raphael. (more…)

Central Bank Governor expressed Agency Abdul Basit Turki not pleased with the actions taken on bringing in a number of heads of boards of directors and managers of Commissioners in the banking sector without be there Tharika any complaint against them by the bank.

Noting that “this decision could lead to jolt the economy and transmit inappropriate to attract foreign investment and encourage.” (more…)

Published on Sunday, 24 March / March 2013 16:04
CBI issued, Sunday, new regulations for the sale and purchase of foreign currency, in order to what he considered to stabilize the Iraqi dinar exchange rate against foreign currency to meet the needs of the private sector, including the import of goods and services and to encourage banks to expand their scope, stressing that contrary to the instructions New will be forwarded to the Commission determine the imposition of fines and penalties, confirming validity of these instructions from the 15 April 2013. (more…)

Published on Thursday, March 14 / March 2013 12:48

CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy. (more…)

Published on Thursday, March 14 / March 2013 12:48

CBI said, Thursday, he was in the process of implementing a number of decisions aimed at stabilizing the foreign currency exchange rates, stressing that responsible for maintaining this stability commensurate with concern for the stability of the dinar exchange rate according to data of the Iraqi economy.

The bank said in a statement obtained by “obelisk”, a copy of which he was “closely following the changes in exchange rates in the domestic market and the high price of foreign currency in the secondary markets in Iraq regardless of the reasons for these changes and sources and intentions manipulated, the Bank remains is responsible for stability and commensurate with concern for the stability of the dinar exchange rate according to the data of the Iraqi economy. ” (more…)

Published in: 5:14 pm, December 14, 2012

BAGHDAD (Iba) .. The Central Bank of Iraq on his decision authorizing the governor powers to reduce the dollar exchange rate to the Bank Act document.

A source at the bank in connection with the independent press (Iba) in response to a statement the former governor Sinan al-Shabibi, describing the decision (b wrong) that Article 20, paragraph one of the central bank law, which refers to the tasks the central bank governor as the chief executive and his conduct of daily operations. (more…)

Date: Saturday 03/11/2012 08:11 pm

Decision to appoint Abdul Basit Turki Shabibi sack carrying a constitutional violation

He and former Rep. Judge Wael Abdul Latif’s decision to dismiss Central Bank Governor Sinan Shabibi non-existent and does not entail any legal effect. (more…)

10/02/2012 1:15 am

He stressed that corporate governance contribute to enhancing the performance of Baghdad – Hussein Tgb Tamimi called expert accounting and auditing d. Tributary pendulum to the need to apply accounting principles advanced in all companies and institutions to achieve economic development for all sectors without exception, pointing to the importance of governance to manage files for billing, audit after training on the best ways of international accounting. (more…)

09/07/2012 0:00

two years have passed and Neff to provide the World Bank grant of $ 10 million to restructure State-owned banks in Iraq, but that any significant development in its performance does not appear at all, this is what the President announced the team charged with the task of restructuring in one of the seminars economic reform, recently organized by the Economic Institute of the Iraqi economic reform. (more…)

World Banking and Finance Summit: 26-27 June 2012

The changing shape of international banking

The World Banking and Finance Summit 2012 will examine the changing shape of global banking and finance in the light of macroeconomic imbalances and the new role of debtor and creditor nations. The agenda will look at the main emerging economies and the subsequent shift in economic power from established centres to new contenders. (more…)

Details Created On Tuesday, June 5, 2012 10:18 Date of Publication Group: investigations

Recent months have seen a marked decline in the Iraqi dinar exchange rate against the dollar, From 1200 to 1280 dinars to the dollar, to 1320 dinars in some cases, but does not know, is that this case of an emergency or a deliberate strategy, and what are the real justification? And attribute some That the international sanctions imposed on Syria and Iran led to the smuggling of large to the dollar in recent months, which entailed increased demand for U.S. currency, and the other explanation is that the open-door policy and the freedom of foreign exchange catalyst on the smuggling of currency, despite a series of measures taken by the Central Bank of Iraq in recent months to monitor the conversion processes large, which means that the turnout of citizens to save the national currency down in the recent period, because the dinar was a few months ago to an unprecedented storm, the first of its kind since 2003, has reached the proportion of the decline to 9 percent, the highest rate of exchange four years ago. (more…)

05/06/2012

Baghdad (news) favored the Director of the Association of private banks Abdul Aziz Hassoun, entry of international banks known to the Iraqi market for the purpose of sharing with Iraqi banks in the performance of its duties banking in the coming period. (more…)

(KUNA) – The President of the Board of Directors of the Public Authority for Assessment of Compensation for the loss of Iraqi aggression Mudhaf Khaled Ahmed, the need to continue the regular filing in the Compensation Fund to five percent of the proceeds from the sale of all exports of oil and petroleum products and natural gas to Iraq.

The Mudhaf in the word of Kuwait in the opening session of 73 of the United Nations Compensation to deposit regular come and according to the UN Security Council Resolution 1956 to the year 2010 in addition to five percent of the value of any payments of non-cash oil and petroleum products and natural gas. (more…)

Central Bank issued a Mphaja decision to stop dealing with the North Bank of Iraq for reasons not yet been clarified, and two days before the development of the Central Bank of Iraq’s seizure of the money the Bank of Basra in Iraq. Also Tmalqa the arrest of the President of the Board of Directors businessman Hassan Ghalib Kubba and deposited in the Baghdad Central Prison on the back charges of manipulating funds of depositors.

On the other hand the situation before the booking two weeks removed by the Central Bank of Iraq to the Iraqi Warka Bank funds, as well as Chairman of the Board on the money his administration Saad Saadoun Almtuare structure on the low profile is required to eliminate Bmujbmzkrh arrest warrants issued by an investigating judge Karkh. (more…)

01.22.2012

Mutnon expressed concern about the project to delete three zeros from the Iraqi currency, which called for by the Central Bank of Iraq recently, saying that «the project would put particular strain the shoulders of the Iraqi citizens and raise the price of materials, particularly of food in the market is not subject to any control».

While the central bank recently said that «the three categories consist of 200 dinars, which is equal to 200 thousand dinars at the present time and a 100 dinars, which is equal to 100 thousand dinars, and the category of 50 dinars, which is equal to 50 thousand dinars, in addition to the coin of the category of the dinar and Dinarin as well as half and quarter dinars and 100 fils and dirham». (more…)

Alsumaria News / Baghdad, the central bank of Iraq, Saturday, all intended to put three categories significantly after deleting three zeros from the Iraqi dinar, pointing out that the process of replacing the currency will take two years.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “The Bank will present three classes a great addition to the categories of mineral, after the deletion of three zeros from the Iraqi dinar,” noting that “the process of switching would reform the system of currency management and ease of use.

(more…)

Announced the Trade Bank of Iraq the TPI, Wednesday, that gives to all citizens, credit cards, according to its accession to membership of the company (Visa) and membership of the company (MasterCard) Wars, indicating that the credit cards issued by the Bank recognized globally.

It quoted “Rn” for Director General of the bank Hamdiya dry, “The Trade Bank of Iraq gives credit cards is recognized globally and omitted types of civil and Platinum cards for staff salaries.”

The Visa global company believes in the possibility of handling plastic cards for cash handling in accordance with several types of local and foreign. (more…)

Baghdad, December 14 (Rn) – The organizers of the Trade Bank of Iraq the (TPI), Wednesday, the restructuring of the bank and reached the final stages to suit international standards.

The Trade Bank of Iraq is a bank established in 2003, according to its law No. 20 of the CPA dissolved at the time, and on his law, he has the Board of Directors, and today is the third-highest executive authority in the country, the prime minister of Iraq, the goal of establishing the bank is to be the interface of Iraq’s financial outward transactions regarding the Iraqi state with the outside world. (more…)

10/12/2011

Stock evaluate the performance of the banking sector in the market

Brought to the workshop organized by the Iraqi market for securities to assess the performance of the banking sector in the stock market, highlighted the adoption of financial analysis as a means in which in addition to the display requirements of the market in the quarterly reports and final accounts,

as the workshop focused on the follow-up to the reality of the banks listed in the Iraqi market for securities and mechanisms work and the extent to which a banking services to the local economy in light of the adopted systems, and presented the workshop as well as compare the financial statements quarterly during the first quarter, second and third of the banks included in the regulations of the market and pause at the financial analysis of these banks and the extent of follow-up to the standards of international accounting and domestic legislation and instructions of the Central Bank as it comes to ensuring the smooth functioning of the market as to ensure equity and efficiency of the banks that traded shares in the market. . (more…)

Date: Monday, 10/31/2011 18:27

Baghdad (news) .. Deputy Prime Minister Dr. Rose Nuri Shaways, with a delegation from the World Bank Group cooperation and ways to provide technical support for both the public and private sectors.

A statement of the Office of Shaways received Agency (news) a copy of it on Monday: that the Deputy Prime Minister Ruz Nuri Shaways, received a delegation from the World Bank Group join Bank vice-president Rashad Chaldean and Regional Director for the Middle East Glers Hedda and manager of its branch in Iraq. (more…)

The Currency Newshound Commentary:  

Flashback to March 18, 2011:  This document was released in March 2011 and mentions the revaluing of Iraqi currency.  In March this document and specifically the wording on Page 37 of the full study was heavily discussed. The date “end-June 2011” was used and identified as a structural benchmark. It was a great sign of things to come and is surely a date we hope will come to fruition. But keep in mind it is a “structural benchmark” which means more or less a goal for these events to occur. All we can do is pray these goals are in line and on time!

Link to original post: http://wp.me/pZC7o-6XF

Press Release No. 11/90

March 18, 2011

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA). Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the SBA to SDR 1.069 billion (about US$1.7 billion).

The Executive Board also approved a waiver of applicability of the end-December 2010 performance criteria on the central government fiscal deficit and on the central government spending bill, for which data is not yet available. The Executive Board furthermore approved an extension of the SBA by five months to July 2012, and a rephasing of access under the SBA to match disbursements with Iraq’s balance of payments financing needs.

The SBA was approved on February 24, 2010 (see Press Release No. 10/60) for SDR 2.38 billion (about US$3.77 billion). The SBA supported program aims to ensure macroeconomic stability and provide a framework for advancing structural reforms in Iraq.

(more…)

CBI: Trade Bank of Iraq linked to the Council of Ministers
Date: Thursday, 09/06/2011 10:41

Baghdad (news) .. advisor said the Central Bank of the appearance of Mohammed Saleh, said that Trade Bank of Iraq is linked with Prime Minister Nuri al-Maliki, and procedures change the structure of the bank within the purview of the government. The statements made by media, revealed for the flight director of the Commercial Bank of Hussein Azri to Beirut, on the background charge Board of Directors of corruption by the al-Maliki.

(more…)

Expert: the financial support required to resident banks by the Central
Called for a distinction between bad and efficient, including

Banking expert said that the banking sector has declined significantly in the performance of the desired role in the development pursued by the country. He attributed the chairman of the Economy Bank for Investment and Finance Hussam Ali Obeid reasons for this decline to non-discrimination between successful banks and banks lagging.

(more…)

Expert: the financial support required to resident banks by the Central

Banking expert said that the banking sector has declined significantly in the performance of the desired role in the development pursued by the country. He attributed the chairman of the Economy Bank for Investment and Finance Hussam Ali Obeid reasons for this decline to non-discrimination between successful banks and banks lagging.

(more…)

Press Release No. 11/90
March 18, 2011

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Iraq’s economic performance under a program supported by a Stand-By Arrangement (SBA). Completion of the second review makes an additional SDR 297.1 million (about US$471.1 million) available for disbursement, bringing the total resources currently purchased by Iraq under the SBA to SDR 1.069 billion (about US$1.7 billion).

(more…)

IMF Executive Board Calendar

As part of the Fund’s increased transparency, the tentative calendar of the formal meetings and seminars of the Executive Board for the next seven days is shown below.

Please note that the calendar is subject to change, and that the agenda for each meeting is typically finalized the day before the meeting. The calendar posted below contains the latest available information.

(more…)