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Thread: 2019

  1. #21
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    76.89 trillion dinars value of deposits in commercial banks


    Monday 15 April


    The Executive Director of the Association of Iraqi Private Banks Ali Tariq announced on Monday the rise of government and private deposits in commercial banks operating inside Iraq to 76.89 trillion dinars during the year 2018.

    In a statement received by Alsumaria News, And private in commercial banks rose 9.84 trillion dinars during the year 2018 because of the procedures of the Central Bank of Iraq in support of the Iraqi banking sector, both government and private, in addition to Iraq rid of the financial crisis that hit in 2014 because of falling oil prices and security improvement after the elimination of M Daesh, "noting that" deposits in 2017 amounted to 67.05 trillion dinars , while increased in 2018, to 76.89 trillion dinars.

  2. #22
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    The Ministry of Industry and Minerals on Tuesday called on the government to stop selling the dollar at the Central Bank auction because it affects the Iraqi industry, indicating that the most money in hard currency goes out of the country.[/size]

    "The sale of the dollar at the auction of the Central Bank has a great impact on the Iraqi industry because most of this money goes out of the country and therefore if the government wants to promote the local industry, the sale of the dollar should be stopped as a first step and then obligatory, Ministries to buy the products of the Ministry of Industry for its [...] and development. "

    He added that "most of the decisions taken by the government after 2003 to [...] the Iraqi industry, did not and did not have the level of ambition, in addition to the laxness of the border crossings and the importation through them and these ports need strict laws to oblige and this is what we miss now, adding that the things that affected the The local industry is the decline of the currency in some neighboring countries and the entry of products of these countries to Iraq at prices lower than locally located.

  3. #23
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    Home Scientific and Cultural Seminars Scientific Symposium (delete zeros from the Iraqi dinar)

    Under the patronage of the Dean of the Faculty of Knowledge University Dr. Yacoub Nazem Ahmed, the Department of Finance and Banking Sciences held today, 2019/3/27 and the Conference Hall a scientific symposium entitled (delete zeros from the Iraqi dinar) was divided into three axes

    The first axis: the concept of deleting zeros from the dinar , Presented by Assistant Professor Dr. Ali Abdul Hadi Salem.

    The second axis: the expected results of the deletion of three zeroes from the Iraqi dinar, M. Mahmoud Abdelkader Sweid.

    The third axis: the experiences of some countries in the process of deleting zeros, M. Mohammed Juma Rahim.

    The seminar was attended by the Dean's Assistant for Administrative Affairs, the heads of the scientific departments, faculty members and staff as well as guests from various departments of the State.

  4. #24
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    Al Rashid applies the comprehensive banking system in its branches
    [...]

    Al Rasheed Bank announced the implementation of the comprehensive banking system in its branches to achieve speed and ease.

    "The bank signed a special contract for the comprehensive banking system, which will be applied in all branches," the bank's press office said in a press release.

    He added: "The implementation of this system will achieve speed and ease and away from the routine," noting that "this system is in place in international banks and will depend on the use of modern technology in[

  5. #25
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    Central Bank Basra branch introduces a window to provide small cash categories
    18/04/2019

    font size: [...] [...]
    [...]

    The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars. The head of the Central Bank of Iraq Branch of Basra in a press statement briefed by the "Covenant News" , said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops.
    Al-Fahd added that the distribution of small categories through bank withdrawals, which are delivered to citizens through personal accounts and salaries will revive the local market and will be in the interest of the national economy and turnover of the wheel of monetary movement.
    It is noteworthy that small groups have been implemented from the market significantly recently, and this gesture re-ease of dealing between citizens.

  6. #26
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    International Smart Card Company contributes to financial inclusion

    [...]

    Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers.
    What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of ​​Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq"
    So we have said that KI is the leader in the national private sector in providing electronic payment services.

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