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Samson: Deputy: Tuesday's session of the laws and the presidency requires mandatory attendance
19:54 - 11/03/2018
A member of the House of Representatives Abdul Hadi Mohan, on Sunday, to inform the Presidency of the Parliament members to attend the mandatory session next Tuesday, pointing to the existence of more than 20 draft laws on the agenda.
"The presidency of the parliament informed all members that the obligatory attendance of Tuesday's session the day after tomorrow and leave or leave is not allowed for any member," Mohan said.
He added that "it was reported to include more than twenty draft laws and amend the law on the agenda of implementation of some laws of great importance," noting that "the table is free of the Federal Court and the most controversial oil and gas in the Council."
He pointed out that "the insistence of the presidency on the mandatory attendance, so as to devote members next week to launch the date of election propaganda."
It is scheduled to hold the House of Representatives, next Tuesday, a new session to vote on a number of bills. LINK
Samson: Gulf central bankers meet in Kuwait today
12th March, 2018
Today, the governors of monetary institutions and central banks of the Gulf Cooperation Council (GCC) countries are meeting in Kuwait to discuss several issues, foremost of which are stimulating economic growth amid expectations of continued US interest rates.
The meeting aims at discussing the enhancement of the safety and effectiveness of the financial and banking sector in the GCC countries, the system of linking payment systems and strengthening the infrastructure to ensure a rapid, unified and secure payment across the GCC, thus improving bilateral and multilateral trade among GCC countries.
The meeting is likely to discuss joint action and coordination on supervision and oversight of the GCC banking system and developments on issues related to combating money laundering and terrorist financing.
Kuwait is presiding over the current session of the Supreme Council of the GCC. The meeting will be chaired by Dr. Mohammed Yousef Al-Hashil, Governor of the Central Bank of Kuwait, in the presence of Dr. Abdul Latif bin Rashid Al Zayani, Secretary-General of the Gulf Cooperation Council.
A statement issued by the Central Bank of Kuwait said that the 69th meeting of the Governors Committee reflects once again the important role played by the central banks of the GCC countries in pushing forward the march of joint economic action towards further achievements in the areas of monetary policies that promote monetary stability and favorable atmosphere to consolidate the pillars of economic growth and development. In addition to the monitoring policies and programs to consolidate the financial stability and the stability of the banking and financial system in the GCC countries, including the development of the infrastructure of payment and settlement systems in the GCC States LINK
Samson: Al-Nasiri: Baghdad International Book Fair is a cultural and economic demonstration to promote financial inclusion
12th March, 2018
The economic and banking consultant of the Association of Iraqi Private Banks Samir al-Nusairi said on Monday that the expectations of the outstanding participation of government and private banks in the Baghdad International Book Fair, which will be opened on March 29 and under the patronage of Prime Minister D Haider al-Abadi and in the presence of government figures, representatives of the private sector, Economic and banking and sponsored by the strategic partnership of the Central Bank of Iraq and the Association of Iraqi private banks.
Al-Nusairi said in an interview with "Economy News" that "the Association of Banks will organize 10 workshops and seminars cultural, economic and banking, including the dissemination of culture and banking awareness, run by his professors and specialists in the strategy of financial inclusion and stability in the financial system and monetary system and challenges of the banking sector and reform strategy and the contributions of banks in community initiatives The project of Baghdad, the empowerment of young people, the empowerment of the elite and the financing of small and medium enterprises. On the sidelines of the exhibition, a new signing ceremony will be held for researchers, professors and specialists.
Al Nusairi called on all banks to participate in the activities of the fair and to actively contribute to the banking awareness, the settlement of salaries, the promotion and delivery of their banking products and their modern technical services to the public directly and using modern educational and educational methods in accordance with the banking awareness regulations supervised and monitored by the Central Bank. Achieving financial coverage and access to banking services to a wide range of citizens.
A total of 150 companies, a publishing and distribution house and 400 participants from different countries are expected to attend the exhibition. LINK
Timaldo: How does this affect us? Does it? Looks like Iraq is playing the same old games as always. “Abadi's office reveals the fact that the World Bank rejected the federal budget”
CSHessman: I read it as saying they have rejected their budget because IT NEEDS A RATE! oh.. imo of course (smile)
Big Iron: Article: “International human rights organization reveals the number of widows and orphans in Iraq” LINK Prayers for the Iraqi people. An RV of around $4. should help tremendously IMO.
Samson: Alaq from Erbil: The delegation of the federal government is working on coordination with the region to unify taxes
12th March, 2018
The governor of the Central Bank of Iraq Ali Alak, on Monday, that the delegation of the federal government, which is visiting Erbil is currently working on coordination with the Kurdistan region to consolidate taxes, while confirmed the readiness of the bank's branch in Kurdistan to pay the salaries of employees in the event of an order from Prime Minister Haider Abadi.
Alaq said in a press conference held in Erbil and attended by "Economy News", "The visit of the delegation of the federal government Erbil aims to meet with the Minister of Finance of the Kurdistan region to coordinate on the collection of taxes and standardization and remove problems in this area," noting that "the delegation works to activate the role of the bank Central in the Kurdistan region. "
"We are working to reach an agreement on this issue tomorrow to facilitate banking operations in the Kurdistan region," he said, adding that "the central bank branch in the region is ready to pay the salaries of employees in the event of an order from the Prime Minister (Haider Abadi)."
A delegation from the federal government, headed by the governor of the Central Bank of Iraq Ali Alaak, on Sunday, to Erbil to discuss financial files with the Kurdistan Regional Government LINK
Samson: The Central Bank announces the readiness of the amounts required to pay the salaries of the employees of the region
12th March, 2018
The Central Bank of Iraq announced on Monday that the amounts required to pay the salaries of employees of the Kurdistan region ready in the central branch in Erbil, and they are waiting for the instruction of Prime Minister Haider Abadi.
The Governor of the Bank Ali Alaq at a press conference held in Arbil followed by / Mawazin News, "The statement by the Prime Minister at the last conference is the news that you have heard and heard, too, and we look good, as for our visit is to the branch of the Central Bank in Erbil as well as coordination with the Ministry of Finance In the region, to coordinate some of the matters related to the regulation of the banking sector in the region.
The governor added that "the central bank usually keep amounts in its branches, and if there is a request to pay to certain parties, we have to respond to these calls, if the government has the intention to pay salaries and this is what we hope, of course, we are ready and the amounts exist, if we came to Before the prime minister. " This came in response to a question on the presence of more than 250 billion dinars in the branch of the Central Bank of Iraq, and whether to pay the salaries of employees in the region or not.
He pointed out that "the indicators we hear in the recent period indicate that things will be positive, and there are no options but there are agreements on things." LINK
Samson: Bank of Settlements: CASH use rises in developed countries
12th March, 2018
Bank for International Settlements said that at a time when the state of Sweden is witnessing the decline to use the Cache in the financial dealings of individuals, the developed countries have increased their use since the global financial crisis.
The bank's report released on Sunday, which examined the payments and infrastructure committee of the market in 50 countries, found that total cash traded rose to 9% of GDP in 2016, compared to 7% in 2000.
The data showed that the total money traded to GDP in Sweden fell to 1.4% during the same period, compared to 4.4% in 2000, the lowest rate in all countries monitored.
Last month, the central bank in Sweden expressed concern about the decline in the use of the cache, with the spread of digital payment.
While casinos fell to less than 2% in Sweden, they rose to 20% in Japan, up from 13.5% at the start of the 21st century.
In the United States, it rose from 6% to 8.1%, while in the eurozone it rose to 10.5% in 2016, from 5.1% in 2000.
Sweden had the lowest rates of ATM withdrawals for GDP at 2.5%, while China was the top country at 34.5% LINK
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