The economic and financial advisor Samir al-Nusairi said on Saturday that the support provided by the Central Bank to the national economy during the economic and financial crisis and the war on terrorism is a shining point and a successful success experience in a country that is going through harsh conditions such as Iraq, where the bank provided support to the state treasury of 21 trillion dinars, Has been instrumental in boosting Iraq's economic resilience in the face of its economic and financial crisis and contributed to the victory over terrorism.
Al-Nusairi said in an interview with "Economy News" that "the wise efforts and monetary policies of the Central Bank in the difficult economic stage of Iraq and the Central Bank is a sovereign financial institution sovereign independent functions specified by Law 56 of 2004 and specialists know very well the great efforts since 2004 to the present time In the reduction of inflation and control of a balanced price of the exchange rate of the Iraqi dinar and maintain a reasonable rate of foreign exchange reserves of up to 45 billion dollars.
He pointed out that "despite the stifling crisis suffered by Iraq because of the fall in oil prices and the costs of the war on terrorism, the Central Bank enabled and economic and financial measures calculated and bold to provide support for two years since the Iraqi economy and contributed significantly to secure the salaries of employees and retirees and pay the dues of contractors and peasants In addition to his initiative to activate the economic cycle and allocate six trillion trillion dinars to finance and operate small and medium enterprises in the sectors of housing, agriculture and industry and support banks and achieve economic and social goals as well as take other important measures B The re-calculation of the legal reserve for banks with the aim of providing liquidity to banks and activating the establishment of a deposit guarantee company for the purpose of restoring confidence in the banking sector and increase the rate of savings of cash in banks at the expense of the proportion of compactness.
He pointed out that "the most important of all is the transfer of mechanisms and procedures of the bank from the style adopted in the twentieth century to the twenty-first century through the structural and technical development and the monitoring and adoption of standard international standards with emphasis on the implementation of the rules of compliance and combating money laundering and terrorism financing and re-evaluation and classification of banks Accordingly, it helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up. "
He called on the economic media to visit the central bank and to see the real efforts of the bank's support to the state treasury to support its steadfastness in managing the financial crisis and achieving victory over terrorism.
SOURCE
Al-Nusairi said in an interview with "Economy News" that "the wise efforts and monetary policies of the Central Bank in the difficult economic stage of Iraq and the Central Bank is a sovereign financial institution sovereign independent functions specified by Law 56 of 2004 and specialists know very well the great efforts since 2004 to the present time In the reduction of inflation and control of a balanced price of the exchange rate of the Iraqi dinar and maintain a reasonable rate of foreign exchange reserves of up to 45 billion dollars.
He pointed out that "despite the stifling crisis suffered by Iraq because of the fall in oil prices and the costs of the war on terrorism, the Central Bank enabled and economic and financial measures calculated and bold to provide support for two years since the Iraqi economy and contributed significantly to secure the salaries of employees and retirees and pay the dues of contractors and peasants In addition to his initiative to activate the economic cycle and allocate six trillion trillion dinars to finance and operate small and medium enterprises in the sectors of housing, agriculture and industry and support banks and achieve economic and social goals as well as take other important measures B The re-calculation of the legal reserve for banks with the aim of providing liquidity to banks and activating the establishment of a deposit guarantee company for the purpose of restoring confidence in the banking sector and increase the rate of savings of cash in banks at the expense of the proportion of compactness.
He pointed out that "the most important of all is the transfer of mechanisms and procedures of the bank from the style adopted in the twentieth century to the twenty-first century through the structural and technical development and the monitoring and adoption of standard international standards with emphasis on the implementation of the rules of compliance and combating money laundering and terrorism financing and re-evaluation and classification of banks Accordingly, it helped to change the classification of Iraq by the Financial Action Organization from gray to follow-up. "
He called on the economic media to visit the central bank and to see the real efforts of the bank's support to the state treasury to support its steadfastness in managing the financial crisis and achieving victory over terrorism.
SOURCE
Economic leaders at Jackson Hole meetings
19/8/2017 12:00 am
August 24-26, 2008 - The US annual meeting of the Jackson Hole, where world leaders meet, meets central bankers and finance ministers from around the world.
As investors become accustomed to the announcement of strong statements by officials during these meetings,
which have a significant impact on the markets, the
importance of the meeting's events from year to year is highlighted.
About Effectiveness
In 1978 , the Federal Reserve Bank held in the US city of "Kansas" annual economic policy symposium, which focused on issues that do not have a direct interest in the current period, but it looks to emerging issues and trends.
Since 1981, the meeting has been held at Jackson Hole, attended by all the heads of central banks, finance ministers and market analysts from around the world.
The annual Jackson Hole seminar focuses on important economic issues facing the United States and global economies.
The proceedings of the seminar are closely followed by investors, as the comments and observations of officials will affect market conditions.
Presentation of the Meeting Papers
The Bank will be
presented with papers to be presented at the meeting and published by the Bank on its website at the time of submission. Other papers, such as participants' comments, may be submitted only after the event ends, but will be published upon availability.
However, a very limited number of journalists are selected to cover the event, and all participants, including members of the press, will pay a fee to attend.
The Jackson Hole Annual Symposium will be held this year from 24 to 26 August under the title "Promoting a dynamic global economy". The list of speakers will not be published until shortly before the meeting. The
European Central Bank policy
The speculation on the issues scheduled for discussions within the conference on the ECB and its forthcoming policy, especially since the meeting will be held ahead of the monetary policy meeting within the European Central Bank in September.
The European Central Bank announced in 2014 that it will begin a program to buy bonds in the euro area, under the so-called "quantitative easing", to stimulate economic growth and employment.
Expectations had indicated that the central bank would announce a reduction in its bond holdings at the September meeting.
But after news reports that the ECB president will not give any new messages on monetary policy and that he will focus on the theme of the conference that is concerned with the performance of the global economy, the fate of the thorny issues to be discussed is unknown.
Mario Draghi said in June that the bank's stimulus policies were working well and would end gradually as the economy accelerated.
These statements contributed to a strong rise in the value of the euro, to come out of statements from the European Central after which the misunderstanding of these statements.
Monetary Policy Plans
The Jackson Hole Conference was sometimes used to announce monetary policy plans in some central banks. In 2010, the Federal Reserve Chairman announced his plan for a monetary easing policy at the time of the global financial crisis. Of the 5000 statements he made, "Ben Bernanke," there are 2000 words about more options towards easing monetary policy.
His remarks caused stock market volatility as the Standard & Poor's index fell, but at the same time Bernanke's comments on more bond buying helped boost investor appetite for risk. All three major indexes in the US recorded a record high in the US, Month of meeting.
In the 2014 meetings, when European Central Bank President Mario Draghi spoke of the European Central Bank's intention to dump markets in the quantitative easing program, US and German bond yields rose by 20 to 30 points in the weeks following the comments, Assets.
SOURCE
August 24-26, 2008 - The US annual meeting of the Jackson Hole, where world leaders meet, meets central bankers and finance ministers from around the world.
As investors become accustomed to the announcement of strong statements by officials during these meetings,
which have a significant impact on the markets, the
importance of the meeting's events from year to year is highlighted.
About Effectiveness
In 1978 , the Federal Reserve Bank held in the US city of "Kansas" annual economic policy symposium, which focused on issues that do not have a direct interest in the current period, but it looks to emerging issues and trends.
Since 1981, the meeting has been held at Jackson Hole, attended by all the heads of central banks, finance ministers and market analysts from around the world.
The annual Jackson Hole seminar focuses on important economic issues facing the United States and global economies.
The proceedings of the seminar are closely followed by investors, as the comments and observations of officials will affect market conditions.
Presentation of the Meeting Papers
The Bank will be
presented with papers to be presented at the meeting and published by the Bank on its website at the time of submission. Other papers, such as participants' comments, may be submitted only after the event ends, but will be published upon availability.
However, a very limited number of journalists are selected to cover the event, and all participants, including members of the press, will pay a fee to attend.
The Jackson Hole Annual Symposium will be held this year from 24 to 26 August under the title "Promoting a dynamic global economy". The list of speakers will not be published until shortly before the meeting. The
European Central Bank policy
The speculation on the issues scheduled for discussions within the conference on the ECB and its forthcoming policy, especially since the meeting will be held ahead of the monetary policy meeting within the European Central Bank in September.
The European Central Bank announced in 2014 that it will begin a program to buy bonds in the euro area, under the so-called "quantitative easing", to stimulate economic growth and employment.
Expectations had indicated that the central bank would announce a reduction in its bond holdings at the September meeting.
But after news reports that the ECB president will not give any new messages on monetary policy and that he will focus on the theme of the conference that is concerned with the performance of the global economy, the fate of the thorny issues to be discussed is unknown.
Mario Draghi said in June that the bank's stimulus policies were working well and would end gradually as the economy accelerated.
These statements contributed to a strong rise in the value of the euro, to come out of statements from the European Central after which the misunderstanding of these statements.
Monetary Policy Plans
The Jackson Hole Conference was sometimes used to announce monetary policy plans in some central banks. In 2010, the Federal Reserve Chairman announced his plan for a monetary easing policy at the time of the global financial crisis. Of the 5000 statements he made, "Ben Bernanke," there are 2000 words about more options towards easing monetary policy.
His remarks caused stock market volatility as the Standard & Poor's index fell, but at the same time Bernanke's comments on more bond buying helped boost investor appetite for risk. All three major indexes in the US recorded a record high in the US, Month of meeting.
In the 2014 meetings, when European Central Bank President Mario Draghi spoke of the European Central Bank's intention to dump markets in the quantitative easing program, US and German bond yields rose by 20 to 30 points in the weeks following the comments, Assets.
SOURCE
Rafidain Bank releases the salaries of employees of some government departments
Rafidain Bank announced on Saturday the release of salaries of some ministries of the state through an electronic payment tool.
The bank's information office said in a statement obtained by "Economy News" that "the bank has distributed the salaries of the electricity network of Kirkuk and the College of the Grand Imam and the company refineries the center and the University House for printing and publishing."
"The exchange came after the arrival of their sukuk from their constituencies to the bank."
Rafidain Bank announced on Saturday the release of salaries of some ministries of the state through an electronic payment tool.
The bank's information office said in a statement obtained by "Economy News" that "the bank has distributed the salaries of the electricity network of Kirkuk and the College of the Grand Imam and the company refineries the center and the University House for printing and publishing."
"The exchange came after the arrival of their sukuk from their constituencies to the bank."
SOURCE
The bank's information office said in a statement obtained by "Economy News" that "the bank has distributed the salaries of the electricity network of Kirkuk and the College of the Grand Imam and the company refineries the center and the University House for printing and publishing."
"The exchange came after the arrival of their sukuk from their constituencies to the bank."
Rafidain Bank announced on Saturday the release of salaries of some ministries of the state through an electronic payment tool.
The bank's information office said in a statement obtained by "Economy News" that "the bank has distributed the salaries of the electricity network of Kirkuk and the College of the Grand Imam and the company refineries the center and the University House for printing and publishing."
"The exchange came after the arrival of their sukuk from their constituencies to the bank."
SOURCE