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Central Bank: Iraq overcome the danger and moved from gray to follow-up

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Rocky


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Central Bank: Iraq overcome the danger and moved from gray to follow-up


09:40 - 03/07/2017


The Governor of the Central Bank on the Keywords, Monday, Iraq is out of danger after it was heading from the "gray zone" to "black", pointing out that Iraq now go to the "follow-up" area.

Keywords and said in an interview with the official newspaper "Sabah" seen by / information /, said that "Iraq cut off whatever it way in the fight against money laundering and the financing of terrorism cases. After that there were observations and a report prepared by the Financial Action Task Organization on the measurement of the extent of the obligation of States to combat money and fund laundering terrorism, the end of the year 2012 was alarming and was threatening Iraq and the jurisprudence that is placed in the (black list). "

He added Keywords that "after efforts and through the issuance of a new law to combat money laundering and activate the Anti-Money Laundering Office by the Central Bank and the inter measures taken by the Bank as part of a follow-up to the banks and financial Institutions and the development of many of the procedures relating to regulation and control over financial and banking sector in particular that, Iraq was able to overcome the danger after he was heading from the (gray area) to (black), but we have moved from (gray) to (follow-up area). "

He predicted the central bank governor and the agency, "the exit of Iraq from the subject of follow-up based on Iraq fulfill the requirements and obligations of the organization." Finished / 25

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Rocky


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The central bank reveals an "important meeting" with the IMF next month


09:25 - 03/07/2017



Revealed the central bank governor, on Monday, for an "important" meeting with the International Monetary Fund during the month of August next, pointing out that the basis of the reimbursement of Iraq Fund grants and loans agreed upon launch requirements.

Keywords and said in an interview with the official newspaper "Sabah" seen by / information /, she said that "an important meeting will be held with the International Monetary Fund in the month of August and will be based on the reimbursement of Iraq Fund grants and loans agreed the launch of the requirements of them after submission (supplementary budget) to pay the dues of peasants contractors and suppliers, and several sections of other expenses. "

He said the Keywords, that "the IMF requirements in this area indicated to the article says (in case it is needed to prepare the budget complementary to the implementation of the payment of dues, the government should provide budget supplemental to establish a legal cover for the payment of these receivables as well as make some adjustments based on the change that happened on oil prices or due to an increase in some expenses) and the objective of the IMF from these observations is to be retained on the ceilings specified for the expenses. "

Keywords pointed out that "at the last meeting was at the International Monetary Fund, there were observations on the commitment to assignments planned in the general budget of the state and the presence of Diffraction them sometimes, and I have explained to them that Iraq -obgm is relatively stable conditions experienced Bha- can not adjust melodious because of the many variables and circumstances, and having understood they demanded that there be a legal cover for these new changes. " Finished / 25

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