Frank26 » November 30th, 2016
Tonight is PART 2 of a 3rd Still to come on the ............. 5th.
IMO ............. Tonight's WEDNESDAY CC will emit the Light of a Quasar.
We invite .............. The Universe.
(It's possible that no notes will be transcribed on tonights call)
Aggiedad77 » November 30th, 2016
Cabinet authorizes the Minister of Finance to issue foreign bonds worth two billion dollars
30/11/2016 - 11:22
Information Office of the Prime Minister, on Wednesday, announced that the Council of Ministers voted to authorize the Minister of Finance to issue foreign bonds worth two billion dollars, one billion dollars guaranteed by the US government, as he pointed to agree that the share of each sector (transport - production - distribution) to the Ministry of Electricity imports collection through contracts between the sectors.
The office said in a statement seen by "Economy News" that "the Council of Ministers voted during its regular meeting held today, to authorize the Minister of Finance to issue foreign bonds worth 2 billion dollars, billion dollars, including guaranteed by the US government, the ministry is issuing billion external rate bonds the market for the purpose of bridging the budget deficit, according to article 2 / II / a of the federal budget for the year 2016 Act. "
He said the office, that "with respect to the collection of electrical energy have been approved to be the share of each sector (transport - production - distribution) to the Ministry of Electricity imports collection through contracts between the sectors," adding that "the ministry's use of imports for each sector to spend on projects investment and operational sector mentioned.
Aggiedad77 » November 30th, 2016
Don961 » November 30th, 2016
Keywords confirms start selling government bonds next March
Keywords: our agreement with the United States aims to prevent the financing of terrorism, money laundering and delete deferred zeros
Long-Presse / Baghdad
The governor of the Central Bank and the Agency on the Keywords, said on Wednesday that the agreement signed by the United States aims to cut off funding for the organization (Daesh) and other "terrorist organizations and prevent money laundering," and pointed out that the bank will start applying the certified standards internationally in this regard the beginning of December next, with the exception that the process of removing zeros from the local process requires the availability of appropriate conditions, including the general stability in the country, he pointed out that the bank continues to technical preparations in this regard.
Ali said the Keywords, in an interview to the (long-Presse), "The first agreement of its kind between the Federal Reserve Bank and the US Treasury on the one hand and the Central Bank of Iraq, on the other hand, entered into to control the dollar remittances and ensure the prevention of access to illicit destinations," noting that those "The agreement includes cooperation, coordination and exchange of information and financial data relating to the sale of foreign currency and circulation."
He added Keywords, "The agreement aims to prevent the arrival of the foreign currency to Daesh and terrorist organizations, by ensuring and verifying that the financial and banking institutions that you purchase does not involve money laundering or terrorist financing," adding, "The control mechanisms include several measures the most important , building databases and integrated electronic system that collects dollar selling window operations rather than paper processes. "
He said the central bank governor and the agency, that "mechanisms also include the introduction of a program (OFAC List) to verify that the persons and entities prohibited to deal with them globally and to ensure that their entry into dollar selling window, where already been implemented," pointing out that "mechanisms also include work on the application standards and international compliance requirements, particularly in the application of the principle of know your customer to verify the sources of funds and legitimacy, where he was informed banks and the conversion of these requirements, where censorship is taking place and oversee the implementation and training and qualification of cadres working. "
He Keywords that "the bank has provided financial Labour Organization (FATF) action taken to combat money laundering and financing of terrorism," stressing that "the actions taken by the Central Bank of Iraq, which led to eject Iraq from Category gray of the organization."
Keywords and pointed out that "the Bank Enter accredited international standards by an international auditing firm for the classification of financial and banking institutions, including ensure compliance with the requirements of the compliance of the law against money laundering and terrorist financing for the year 2015, where it will be applied to the beginning of December next."
And on the application of the process of deleting the zeros of the Iraqi currency, confirmed the Keywords, that "the Central Bank of Iraq has not set a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country."
He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion."
The economists see, that the deletion of zeros from the Iraqi currency went "sensitive and dangerous" in a situation where the country is going through, and while others stressed that the process is left to the decision of the Central Bank of Iraq only for being on the monetary policy of the country, lawmakers stressed the need to be the process of deleting zeroes in accordance with the proper procedures and techniques.
Iraq has signed in the (29 August 2016) was the first agreement of its kind between the Federal Reserve and the US Treasury on the one hand, and the Central Bank of Iraq, on the other hand to monitor the dollar shipments and ensure the prevention of the arrival of these funds to illicit destinations.
Toyvp » November 30th, 2016
o Baghdad / long-Presse
Launched the Central Bank, on Tuesday, work "National divider" private system of exchange of financial transfers through credit cards, as he pointed to a run of five banks and companies to collect POS first system stage, he emphasized that the system will connect the banks communications network and a single and easy to a lot of banking matters .
The central bank said in a statement received (range Press) copy of it, that he "was working national and private divider system of exchange of financial transfers through credit cards," he "put the court to work withthis system plan first run through five banks and companies collect POS and stage . " .
The statement added, " The launch of the system in the rest exported banks for payment cards will be before the end of this year , " he said , adding that " the system will connect the banks communications network one, as they would be a lot of banking matters and will eliminate routine followed in reviewing the banks will complete the transaction as soon as possible, through electronic payment instruments represented by credit cards of all kinds. "Link