Samson: Article: “The 2018 Annual Conference of the Central Bank of Iraq …. The harvest of achievements and the start of the development process for the year 2019” LINK
MilitiaMan: Samson, This one caught my attention! Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they’ll have a new government cabinet and start the process of economic reform. Pointing out that imo the allegations against Alak were unfounded that we read about in recent past.
This is a tribute to his achievements and successes, imo. Nusairi goes on and says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years.
The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory.
They go on to say the start of activation and implementation of the 2019 plans are under way. We see earlier in the forum where they are as (2c pointed out) activating the new salary schedule as of today and tomorrow for the Kurds.
WS (walkingstick) showed us the 12/02/2018 4:00 Am Baghdad time was a point of interest for the trading of the Iraqi Dinar Globally / Worldwide.
The coming out party with possible polymer new notes for small categories may be upon us oh so very soon! We shall see.. imo ~ MM
Blinkster: Dec 10th IMO, is a date to be watched very, very closely. It’s amazing how quiet Iraq has been about it, in spite of announcing (6 days in advance, mind you) they’ve decided to take the day off that day and declare it a ‘holiday’…kind a coy of them. Heeharrhee
MilitiaMan: Think about that for a minute.. Look who let the cat out of the bag on the new Cabinet being done by then; 12/10/2018.. It is almost like this is being orchestrated by one very very good Maestro, as far down as to the embarrassing antics of the parliament yesterday.
I don’t have a link to back this thought up, but, I do trust those that I confide with and one area covered by those that have banking skills suggest that when we got the Iraq Dinar Trading Globally 12/02/2018 @ 4:00 AM Baghdad time triggered a timer so to speak.
A timer that has two significant aspects to it. As in a minimum and maximum time allowed for things to take place. As in 72 hour notice that change is coming ( For banks, etc..) and the outer limit of how long until that change can take place. Imo. A 72 hour notice at minimum and 10 days to show it self being the maximum. (Note: there were two articles on the timing that varied by about 15 hours +-, imo). I chose the WS post for my guesstimate.. lol imo only.. ~ MM
Now with that said, Nasuiri talks about a new Cab and government in the same breathe as the 12/10/2018 conference for the Central Bank inclusive.
I touched on the WB, IMF and UN. Now back to the significance of the Cabinet. There were approximately 8 ministers in question and still are and there is talk of still using the same names for those ministries.. However, there is a RED CARD option still that Mahdi can play.
His letter to the people gives us information on his thinking, beliefs, concerns, etc, for doing the right thing for the future of Iraq. His concerns are supported by the likes of those mentioned in Nusairi’s article with mention to the new government.
He mentions the WB, IMF and UN who all support inclusion not only in a financial aspects but also in a political aspects as well, and that way is for the people and that is unity. That includes women and qualified personnel in the proper places in both area respectfully.
SO don’t be surprised if the RED CARD gets played and there are Women included in the new Cabinet.. All would be very welcomed by the WB, IMF and UN.. Mahdi in a letter to the people preceding vote yesterday wrote about the below for a reason. That reason wouldn’t have been written if not important.. imo Fascinating times be sure, we shall see how cards play out. imo ~ MM
“3 – will have many different views, I may share the opinion, but what everything wishes one knows, the current variety is the smallest number since 2003 and this day, so it would be natural to be unable to participate in all ministerial positions, to participate locations and other forms other than the ministerial formation, It should not be interpreted as not advocating for one side or exclusion to another.
He added: “We have agreed when the political blocs to choose the best submitted to us from the candidates, otherwise our proposal to the powers other names, or those who ordered the nomination or choice of the Prime Minister, 24 hours before writing this letter isolated myself from any external influences, I am in front of my Lord and my conscience and my people, to approach the most possible principles and standards that I want this government to build upon, and the general principles, especially taking into account the popular admissibility and independence of the site and efficiency and integrity and harmony of government and introduce new faces and achieve component balances and better representation of women and representation To the nearest to the electoral benefits and principles such as:
No imposition or rejection, and rejection of foreign interventions, and the responsibility of the Prime Minister for his composition, taking into account whenever possible political agreements, which although exist, but sometimes lacks the standard governing one on everyone,~ Mahdi
Samson: The 2018 Annual Conference of the Central Bank of Iraq …. The harvest of achievements and the start of the development process for the year 2019
5th December, 2018 by Samir Nusairi
The Central Bank will end 2018 by holding its fourth annual conference on 2018/12/10 under the slogan (Development Role of the Central Bank), which will discuss the two main axes,namely the developmental dimension of monetary policy and the developmental role of the banking sector.
The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability, according to the government curriculum comes and the central bank is subjected to a campaign of malicious and unfair away from neutrality and equity and proper evaluation of the efforts made by the Central Bank in the The economic and security shocks are a confirmation of his success in achieving his annual plan for 2018 in supporting the national economy during the economic and financial crisis and the war on terror.
His measures and policies have formed a bright spot and a successful success experience in a country that is going through harsh conditions and a historic phase that is the hardest to face the economic challenges
The stability of the exchange rate of the Iraqi dinar against the US dollar and maintain the inflation rate of not more than 2% and the level of foreign reserves within the rates according to international standards, where the foreign reserves of Iraq amounted to 62 billion dollars and the third alternative Arab and the adequacy ratio exceeded 160% according to the latest international standard for measuring efficiency and stimulate the sector Regulatory, supervisory and supervisory banking and the establishment of new units within the regulatory structures of banks
such as compliance and combating money laundering and financing of terrorism, credit and operational risk management and banking awareness and the issuance of the Money Laundering Law 39 for the year 2015 and the development of systems Payment and the application of all electronic payments by retail and mobile and the establishment of the national division and work on the application of international standards in financial reporting Inline with the transparency and disclosure principle, the Bank’s efforts to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to increase the financial coverage of the population who do not have accounts in the banking system, which amounted to 22.6 and activate the initiative to finance small and medium enterprises
In order to restore confidence in the banking sector, the Central Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment, Organizational structure and development of the depository center in the Iraqi securities market and the establishment of a national credit center
At the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past four years to the international financial institutions such as the Financial Action Group ( FATF ) (Gray) to normal follow-up
The visit of the Governor to the UN Security Council and his presentation of the achievements and organizational, structural and technical developments and compliance with international standards in financial reporting, Iraq ‘seconomy and Iraq ‘s ability to adhere to international credit benefits as the accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability
That achieved in 2018 of the important achievements will make it start with the implementation of its plan for 2019 to re-evaluate banks and classification in line with international standards in measuring the efficiency of performance and activating the contribution of the banking sector in development and in community and humanitarian initiatives and to continue qualitative development procedures and build balanced relations with international and Arab banks and Consider the structure of the banking sector, which enhances the role of government and private banks in the transition from the role of banking to the developmental role LINK