The Economic Council holds a symposium on the work of the Central Bank

[Okie Dinar]

The Economic Council holds a symposium on the work of the Central Bank

The Iraqi Economic Council held a dialogue seminar in the presence of the Governor of the Central Bank and a number of economic figures to discuss the work of the Central Bank.
The meeting was hosted by the governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the advanced cadres in the Central Bank and the Director General of the Iraqi Commercial Bank Faisal Al-Hims and the Director General of Rafidain Bank Khawla Asadi, and was attended by the private sector Chairman of the Union of Contractors Ali Fakhir Snafi, Chairman of the Union of Cooperatives Mohamed Tarek and a number of members of the Economic Council in addition to a number of representatives of economic organizations.
The evening was attended by:
1. Ali Mohsen Alalak – Governor of the Central Bank of Iraq
2. Munther Sheikli – Deputy Governor of the Central Bank
3. Khawla Asadi – General Manager of Rafidain Bank
4. Faisal Al-Hims – Director General of the Iraqi Bank of Commerce
5. Mahmoud Dagher – General Manager of Financial Operations at the Central Bank
6. Walid Eide – Advisor to the Central Bank of Iraq
7. Division Saleh – Director of Banking and Credit Department at the Central Bank
8. Saleh Mahood – Director General of the Administrative Department
Also attended by MP Rashid al-Yasiri and MP Yahya al-Ithawi, while the Iraqi Economic Council participated actively in this evening attended by:
1. Ibrahim Al-Baghdadi Al-Masoudi – Chairman of the Iraqi Economic Council
2. Karim El Yasiri – Member of the Board of Directors and Financial Secretary
3. Raed Rahmani – Member of the Board of Directors and Administrative Secretary
4. Rafea Al-Rawi – Member of the Board of Directors
5. Baqir Al Mashat – Member of the Board of Directors
Ibrahim Al-Lami – Vice Chairman of the Board of Trustees of the Economic Council
7. Tariel Al-Faili Member of the Board of Trustees of the Economic Council
8. Sadiq Al Mashat – Member of the Economic Council
9. Adel Al-Mousawi – Member of the Economic Council
10. Ghadir Al Attar – Member of the Economic Council
11. Thamer Abdullah Dhari – Member of the Economic Council
12. Khalid Al-Azzawi – Member of the Economic Council
13. Qais Al-Wazzan – Member of the Center for Investment and Reconstruction Development. 14. Saif Adel Moussawi – Member of the Economic Council
15 . Salman Adel Al Moussawi – Member of the Economic Council
Also participated in this evening the number of cadres advanced to some government institutions and economists and symbols and leaders of the private sector, where he attended:
1. Ali Sanafi – President of the Iraqi Contractors Union
2. Khalil Abdul Wahab Iraqi Businessmen in Amman.
3 Bassem Abdelhadi Hassan
4. Othman Ibrahim Al-Khafaji
5. Ikram Director General of the Economic Department of the National Authority for Investment.
6. Mohamed Tarek Kareem / Chairman of the Federation of Cooperative Societies.
7. Fouad Al-Wakil Assistant Director General of the Iraqi Bank of Commerce.
8. Faras Al-Hamdani Assistant Director General of the Iraqi Bank of Commerce. 9. Ous Hamid Assistant Director General of the Iraqi Bank of Carpentry. 10. Sahar Falih from the advanced staff of the Iraqi Bank for Trade. 11. Asma al-Baz Financial Expert.
13. Mr. Hussein Abdel Latif.
14. Karouche Hussein Saleh. 15. Ahmed Thamer Al-Sheikhli.
16. Raad Sahab Omran.
He welcomed Baghdadi, according to the statement, “Ali Mohsen Alalak Governor of the Central Bank of Iraq and the advanced cadres in the Central Bank and managers of Rafidain Bank and tbi.”
The topics, according to the statement, “for several topics related to the economic aspect, pointing out that the discussions and proposals must be objective in order to reach the desired goal.”
The statement added that “the experience of Lebanon, despite the many parties on the Lebanese arena, but there was an agreement not to raise any issue concerning the Central Bank of his money from negative repercussions on the economic situation of the country.”
On the financial situation and because of the decline in oil revenues, he stressed that “the Ministry of Finance had a surplus of cash liquidity during the years before the financial crisis, but now being fed by the Central Bank of Iraq because revenues fell by 70% from previous years before the collapse of world oil prices” .
Al-Baghdadi said that “Fortunately for Iraq that the financial crisis occurred during the current Central Bank administration, despite our differences with the Central Bank not to raise the interest rate to attract cash and the mechanism of the auction currency and the inclusion of non-Iraqi banks in the auction currency, but we believe and believe That the policy of monetary rationalization of the government and the reduction of expenditures in a significant addition to the rational management and bold initiatives of the Central Bank has greatly mitigated the repercussions of the financial crisis that began in 2014.
“The Central Bank of Iraq is one of the few institutions that have not reached administrative corruption, and it is one of the oldest institutions that operate professionally,” said Munther Sheikli, deputy governor of the central bank.
“The relationship between the Central Bank of Iraq and the budget relationship is solid because the central bank is the source of flow of foreign currency for the purpose of maintaining the stability of the exchange rate, but in the recent period appeared several calls to maintain the reserves of the Central Bank of foreign currency, but these calls lack precision because if The central bank stopped selling the dollar will collapse the Iraqi dinar. ”
Khawla al-Asadi, director general of the Rafidain Bank, “specifically to the loans of small projects in Rafidain Bank within the initiative of the Central Bank, where there are financial allocations for these loans, but there are no real requests.


https://en.economiciraq.com/2017/06/1...-central-bank/

[1bobby]

Excellent post Ms Okie! This should or could get discussed for at least an hour or more. Look at the Banking and then the Economic people. Not to mention Contractors and Business people. Wonder if the Market Economy and Private Sector were discussed.....hmmmmm Great stuff. Thanks for all you do. By the way, you're not that OKIE that flew by night are you? Just kiddin ya

[Okie Dinar]

Bobby!!! Glad you liked it!! You're welcome!! LOL - everyone seems to think I am. So good to hear from you! Hope you're doing well ~ Maybe we can catch you on the next call?!?!?! I'm sure I'm not the only one that would love to hear your opinion on things of late.

[Okie Dinar]

YAY! Glad you ARE on the call tonight! BOOM! You're the best!