Iraq Live Update- Twitter


All Smiles.. Another publicised meeting with Hashed Sha’abi leadership.. PM Abadi, Al-Ameri & Al-Mohandess

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Urgent French President: continue cooperation with Iraq to destroy Daash


History of edits:: 2015/11/26 23:1310 visits readable
French President Francois Hollande said – who is visiting Moscow Shall currently his country’s continuous cooperation with Iraq in the destruction of Daash terrorist gangs.
Hollande said at a joint news conference with his Russian counterpart Vladimir Putin “are continuing with the Iraqi government and all the parties facing Daash and terrorism in the targeting and destruction of this organization,” followed.

Bank deposits and the protection of national wealth


11/26/2015 0:00

Ali Hassan
al-Fawaz, many fear the Daaihm in private banks and even official, and look at the work of these banks in some confusion because of the financial crisis, and the fear of losing liquidity, or falling into bankruptcy department, as well as some fear, especially from owners of large deposits of being accused of money laundering and other of the charges.

This photo cloudy reflect the existence of real and potential problems in the banking file management, and the fragility of the administrative system, which can be financial system protects against manipulation, and protect banks from speculative profit in the currency market work, especially the civil and foreign banks,

which Maidao to the existence of effective mechanisms of action and to the deterrent measures to counter money laundering, and follow the work of these banks and Mracbha and put them in the financial state policies.

Many experts accuse the central bank to follow the policies lack of professionalism, the follow-up level, and the level of control, and even give granting banking licenses lack of professionalism and standards of the banking business, which Maani inflation that banks and turn it into hotbeds of smuggling hard currency, but the corruption of receivables, and the confusion of the Iraqi banking business, and the negative impact on local markets.

The status of Governor and strict banking laws, requires insurance actions that will address the crisis facing the sector on the part of, and control over rings banking business, including Maitalq smuggling money abroad, on the other hand, any quest to protect them, and towards maximizing the interest elements of the national capital to move the investment, and to develop the economies of the country ..

Many financial experts and finds that the breadth of the phenomenon of small banks in Iraq has become a a threat to the banking system, and lose a lot of services usefulness, a Maittalb effective measures to prevent giving licenses to open banks limited capital, and work the other hand the integration of many small banks with each other to work on in accordance with the policies of joint stock companies,

and to reduce the damage, and cut the road to corrupt traffickers market foreign currency, and researchers for a quick profit outside legal frameworks, as well as anti-money laundering phenomenon, which has become one of the most serious challenges facing the Iraqi banking business.

aside from the principle of transparency demanded by the other, the Iraqi reality and the nature of the risks faced by requiring deterrent measures and policies that can frame the banking type of professional governance, and to pursue a legal challenge through the breaches of the great waste of public money,

and attempts to financial mafias and Ahilha in currency smuggling, or cover its legal to profiles suspicious, and to require everyone to work on according to the regulations internationally known and laws.