More Iraqi News Saturday PM 10-16-21
More Iraqi News Saturday PM 10-16-21
TLM724 Administrator BondLady’s Corner
World Bank - REPUBLIC OF IRAQ Key Conditions And Challenges, Recent Developments, Outlook
Oct 21 Outlook : Iraq’s economic outlook is mired by significant downside risks that call for accelerated implementation of structural reforms.
These include: a potential decline in the oil price, a worsening COVID-19 crisis due to the spread of new variants, a deterioration in security conditions, the intensification of climate change shocks and additional macroeconomic volatility.
Averting or mitigating the impact of downside risks depends on the policies of the future government and commitment to comprehensive reforms in line with those envisioned in the GoI White Paper.
Progress on regional economic integration together with an improved security environment could provide new momentum for growth and diversification.
See chart on page -
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2020&locations=IQ&start=1969&view=chart
The Bank Will Implement A Cycle (Pressure Tests Stress Testing And Analysis Of Scenarios / Level II) for duration 12-2021 / 10/16
October 14, 2021 The Central Bank of Iraq / The Center for Banking Studies would indicate that the Stress Testing and the second-level scenarios are executed and all of the duration of government and private banks.
Rajin send your candidates on your email for bank studies (BSC@cbi.iq) with filtration books by official mail.
The Bank Announces The Establishment Of A Qualifying Course For A Duration Of Islamic Risk Management Certificate 24-2021/10 / 28
October 14, 2021 The Central Bank of Iraq / The Center for Banking Studies announces the establishment of a "qualification for the "Rehabilitation of the Islamic Duty Certification in Risk Management" in cooperation with the General Council for Banking and Islamic Financial Institutions.
The target group: - All staff associated with the subject of the program or those who see appropriate.
Training Duration: - (5) Days (15) hours start from 10:00 am to 1:00 noon.
Way method: - Remote electronic training via ZOOM electronic platform.
Certificate: - A certificate issued and accredited by the General Council of Islamic Banks and Financial Institutions SIBAFI.
Certificate of participation: - The participant gives a post-Shari'a certificate from the Central Bank of Iraq.
Software: - Arabic with some English-language terminology.
The method of registration: - The name of the triple candidate, career, email and phone number contains WhatsApp.
Training Wages: - (500) US $ (five hundred US dollars) for a participant (represented).
A total of US $ 200 (US $ 200) for each participant in case the co-desire
Re-test (100) US dollars (100 US dollars). For each participant in case the co-desire
We are authorized to discolve the wages of subscription from your account (US dollars) open at this bank and if there is no payment account.
Please send your nominations on the e-mail studies center (BSC@cbi.iq) with filtration books by formal mail before the program start. »For inquiries to contact the bank studies number 07822246055
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The Bank Announces The Establishment Of An Anti-Money Laundering And Terrorist Financing for 24-2021/10/28
October 14, 2021 The Central Bank of Iraq / The Center for Banking Studies announces the establishment of a training course entitled "Anti-Money Laundering and Terrorism" for all license banks and electronic payment companies all duration of 24-2021 / 10/28, and as shown in below:
1. The target group: - All employees associated with them are subject to the subject of the session above or those who see appropriate.
2 - Training Duration: - (5) days (20) hours start from 9:00 am to 1:00 pm.
3 - Place of session: - Central Bank of Iraq (Basra Branch).
4 - Certificate of participation: - The participant grants a certificate issued by the Central Bank of Iraq.
5 - Language of the session: - Arabic.
The wages of subscription (250,000) dinars (two hundred and fifty thousand thousand dinars) for a participant, which is authorized to deduct your account (in Iraqi dinars) open to this bank and if there is no calculation. Rajin send your nominations on the email for bank studies (BSC@cbi.iq) with filtration books by formal mail before starting the course. »For inquiries to contact the bank studies number 07822246055
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The Bank Announces The Establishment Of The Project Management Cycle (PMP) for the duration 17-2021/10 / 21
October 14, 2021 The Central Bank of Iraq / The Center for Banking Studies announces the establishment of a training course entitled "Project Management (PMP) for all license banks and electronic payment companies for all duration from 17-2021/10 / 21, and as shown in below:
1. The target group: - All employees associated with them are subject to the subject of the session above or those who see appropriate.
2 - Training Duration: - (5) days (20) hours start from 9 am and 1 pm.
3. Method of the session: - Training of electronic remotely via the ZOOM electronic platform.
4 - Certificate of participation: - The participant grants a certificate issued by the Central Bank of Iraq.
5. The language of the session: - Arabic with some English terms.
6 - The method of registration: - The name of the triple candidate, post office, email and phone number contains WhatsApp.
Note that the wages of participation (200,000) dinars (two hundred thousand dinars) for a single participant, we are authorized by the validity of your account (in Iraqi dinars) open to this bank and if there is no calculation. Rajin send your nominations on the banking center (BSC@cbi.iq) with sending filtration books later and before starting the course. »For inquiries to contact the bank studies number 07822246055 https://cbi.iq/news/view/1845
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The Bank Announces The Organization Of Cycle (care, judgment, financial indicators, transaction analysis and the principle of knowing your KYC customer) For The Duration 17-2021/10 / 21
October 14, 2021 The Central Bank of Iraq / Banking Studies on Organizing Course (Care, Duty, Financial Indicators, Transactions Analysis and KYC is analyzed) for the Industrial Bank / Department of Reporting Money Laundering and Terrorism for Duration of 17-2021 / 10/21 and as shown in Below: -
1- The target group: - All employees associated with them are subject to the topic of the session above.
2 - Duration of training: - (5) days (20) hours start from 9:00 am until 1:00 noon
3 - Method of holding the session: - Attendance in the Central Bank of Iraq / Center of Banking Studies / Training Section / 2nd Floor.
4 - Certificate of participation: - The participant grants a certificate issued by the Central Bank of Iraq.
5 - Language of the session: - Arabic
Note that the wages of participation (200,000) dinars (two hundred thousand dinars) for a participant is authorized by the authority of your account (in Dinar) open to this bank and if there is no payment account. Rajin send your nominations on the email for bank studies (BSC@cbi.iq) with sending ct * by filtration by formal mail and before the start of the session. https://cbi.iq/news/view/1846
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The Bank Announces The Establishment Of The Mortgage Course In Islamic Banks For 24-2021/10/20
October 14, 2021 The Central Bank of Iraq / Banking Studies announces the establishment of a training course entitled "Mortgage Mortgage in Islamic Banks" for Islamic banks for all duration of 17-2021/10/20, and as shown in below:
1. The target group: - All employees associated with them are subject to the subject of the session above or those who see appropriate.
2 - Training Duration: - (4) days (16) hours start from 9:00 am to 1:00 pm.
3 - Method of holding the session: - Electronic training distance across the ZOOM electronic platform.
4 - Certificate of participation: - The participant grants a certificate issued by the Central Bank of Iraq.
5 - Language of the session: - Arabic.
6. The method of registration: - The name of the triple candidate, post office, emotional and phone number contains WhatsApp.
The wages of subscription (160,000) dinars (one hundred and sixty thousand dinars) for a participant, we are authorized for the authority of your account (in Iraqi dinars) open to this bank and if there is no calculation. Rajin send your nominations on the email for bank studies (BSC@cbi.iq) with filtration books by formal mail before starting the course. »For inquiries to contact the bank studies number 07822246055 https://cbi.iq/news/view/1847
The Second Central Bank Strategy (2021-2023) Approach To Monetary And Financial Reform
Articles Samir Al-Nusairi*
The Central Bank of Iraq launched its second strategy for the years (2021-2023) in conjunction with the economic and financial reform strategy adopted by the government in the white paper.
The new strategy has drawn a clear roadmap of goals and policies for the next three years in a special, complex and risky economic and financial circumstance. and challenges at the level of internal and external economic and financial relations.
What concerns us as specialists in economic, financial and banking affairs is what are the new mechanisms and policies adopted by the Central Bank in monetary policy and banking reform in accordance with the approach to the fundamental change desired for the national economy contained in the white paper and the second strategy, which constitutes the banking sector the first and basic link in the economy and implementer of monetary policy applications.
The strategy of the Central Bank set the basic objectives by 15 A goal and sub-goals by 75 goals and charted the way for banking reform in accordance with the following strategic goals: ‐
1- Supporting and achieving monetary and financial stability.
2- Strengthening and strengthening the banking sector and financial institutions.
3 - Enhancing digital transformation in the central bank and the banking sector.
4-Developing the organizational structure and human resources of the Central Bank.
5-Activating and integrating the internal and external relations of the Bank to my center.
Since these strategic goals have been set for a period of time of three years to achieve the main and subsidiary goals, which emphasize the protection of the financial system, the promotion of financial inclusion, the management of monetary and financial stability, the development of control and supervision, the development of regulation in the banking sector, and the completion of the development of the monetary structure in the Central Bank And its branches in accordance with the frameworks and techniques used in the central banks, the development of human resources, the development of banking operations, the strengthening of the bank’s internal and external relations and its representation locally and internationally.
By analyzing the mechanisms and action points to achieve the above goals, we note that the strategy identified the planning team, implementation team, implementation mechanisms and responsibility, as well as clear priorities for achieving reform.
Certainly, these priorities were diagnosed in light of the challenges faced by the monetary policy and the banking sector due to the economic and financial crisis The suffocation that Iraq has suffered for subjective and objective reasons, which can be diagnosed as follows: ‐
* Work to achieve monetary policy objectives, the most important of which are the stability of the exchange rate, maintaining the purchasing power of the Iraqi dinar, the inflation rate, and building a foreign cash reserve.
* Work to restore the confidence of citizens and customers in the Iraqi banking sector.
* Work to increase the percentage of savings for the monetary mass in circulation in banks to the percentage of hoarding outside banks, where the percentage of savings in the banking sector does not exceed 20% and the percentage of hoarding is up to 80%.
The percentage of financial inclusion and the delivery of banking services to the widest spread of the geographical area at the level of governorates, districts and districts, and the increase in banking density in this direction.
* The need to complete the structural foundations and Technology for proactive control.
*Activate and reconsider the development of work mechanisms in the Deposit Insurance Company.
*Reconsider the laws of the legislative environment that regulate banking work.
* Reviewing and evaluating the results of banks' business and re-classifying them by accredited international companies.
Determining weak banks that need the intervention of the Central Bank of Iraq to rehabilitate them, restore their activity and protect them from bankruptcy.
* Demand government support in accordance with previous decisions and instructions issued by the Council of Ministers, the Economic Affairs Committee and the Ministerial Council for the Economy.
* Strengthening and activating initiatives The Central Bank lending and financing for small, medium, housing and large projects, which contributes to stimulating the economy, revitalizing the economic cycle, and diversifying the resources of the general budget.
Therefore, and for the purpose of applying the banking reform approach, according to what was stated in the strategy, according to an insight into the priorities and challenges that the Iraqi banking sector suffers from, the Central Bank made exceptional efforts during this year 2021, and many of the main and subsidiary goals were achieved, and it is trying to complete the achievement of all goals in 2023. It is the last year of the strategy.
Therefore, the Central Bank's strategy has proven that it established, planned and defined a line Watt advanced on the path of systematic application of the desired banking reform.
* Economic and banking advisor Number of views 273 Date of addition 10/13/2021
https://economy-news.net/content.php?id=26573
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