Global Finance puts the relationship among the world’s best governors for 2019


Samir al-Nasiri
Samir al-Nasiri

In its 2019 report, Global Finance magazine ranked Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alak, in the B + rank among the best governors of 94 banks in the world, down from B in 2018 and ranks 30th. The classification in 2019 represents a very advanced rank and this is a new global assessment of the outstanding efforts made in the management of the Central Bank of Iraq and achieve structural, structural and technical developments in the banking sector and contribute effectively in the development and implementation of policies and procedures for the application of monetary policy and overcome its challenges in the darkest economic and security conditions that Iraq suffered.

Founded in 1987, Global Finance Magazine is headquartered in the United States and is distributed in 193 countries.

Its 2019 assessment of the “World Bank Governors” rating,

” The assessment was based on the Board of Governors of the central banks in the face of storms and challenges facing their country ‘s economy as a result of political and security unrest and who struggled to stabilize their country ‘s economy”, and that ” the report category of Governors of thecentral banks ranked A rank F This confirm the governor of the Iraqi Central Bank occupies Advanced rank

With central bankers who have managed to counter inflation, stabilize the currency, manage interest rates as well as achieve economic growth targets. “

It is worth mentioning that Mr. Al-Alak was awarded the Best Arab Central Bank Governor Award for 2018 at a ceremony held by the Union of Arab Banks in Paris last year.

He also won the trust of the Arab Monetary Fund (IMF) governors in its last session in the State of Kuwait.

All this is an affirmation of the good international reputation that the Central Bank has been able to embody through its great efforts to restore confidence in the financial sector and international banking transactions with Arab and foreign banks and correspondent banks.

So we congratulate the Governor of the Central Bank and all the staff of the Bank and to the Iraqi banking sector this new international assessment.

The relationship scores a + B rating


Central Bank Governor Ali Alaq “Economy News”

Economy News – Baghdad:

Governor of the Central Bank of Iraq, Ali al-Alaq, in the classification of the magazine Global Finance, to the rank of B + after it was last year in the rank B came as a result of controlling inflation and anti-money laundering and terrorism financing and currency stability and interest rate management and monetary policy management wisely.

The Governor of the Central Bank of Iraq, Ali Alaq, won on June 28, 2018, as the best governor in the Arab world by the Union of Arab Banks during a ceremony held in Paris, after the achievements made at the local and international level in several areas, most notably the maintenance of Exchange and close the gap between the official price and the market price as well as the significant development in the payment system and electronic payment systems.

Global Finance, which ranked B + with 13 portfolios from several countries including Norway and Singapore, outpaced the governors of several countries including China, India and Japan.

“Central bankers are facing great pressure to maintain their independence as a result of political instability in the world,” said Joseph Giarabuto, managing editor of Global Finance.

He said conservatives, who had a good rating, had led their countries in difficult times and had shown stable leadership.

Al-Allaq was elected Vice-Chairman of the Board of Governors of the Arab Monetary Fund for the current session, and will be its chairman in the next session.

Abdul Mahdi defends the percentage of government achievement and reveals the transfer of ISIS families to Iraq

Release date:: 2019/8/9 22:07

Prime Minister Adel Abdul-Mahdi defended the completion rate of 79% of the government program, revealing the government’s intention to transfer families of ISIS terrorists from Syria to Iraq.

“The government presented a curriculum on its achievements during the first six months, which is a detailed and skeptic approach, which separates reason and logic,” Mahdi said in an interview with Iraqi and foreign media.

“We have started to implement the popular mobilization order, and the bulk of the popular mobilization sees it as a positive step and it does justice to the sacrifices made by the Popular Mobilization and framed it within the framework of the armed forces. There is no pressure on this matter.”

He added, “We have a consistent and clear policy to be applied consistently, and there are deliberate steps we are taking, and the Diwaniyya order of the Popular Mobilization addresses a complex file that needs to be gradual and time.”

Abdul-Mahdi said that “national security raided the gambling halls, and those who are able to carry out such missions support him in this, and some of the Popular Mobilization Forces assisted him in this task in cooperation with joint operations and we have important assessments regarding operations against terrorism and we have ongoing operations to pursue him.”

“There are about 70,000 Da’esh families or displaced people, including 30,000 Iraqi women, children and men, who are in the Hul camp in Syria. We have a duty to return them after security checks. The work is not easy because most of them do not have identity documents,” he said. He warned that we should not infect ISIS to our country. ”

“The atmosphere is good for working in Iraq, and we are seeing more foreign companies operating in Iraq and moving freely, and we sign a lot of agreements and contracts with foreign interests, especially French, and this is proof of the return of security certainly.”

“The number of internally displaced people in Iraq has dropped dramatically and will decrease even more in the coming period because we are conducting reconstruction and rehabilitation campaigns in the areas from which they were displaced,” he said.

He added, “We want all Iraqis to live well, and defend the rights of all our people is the basis of the former and present, and there is no defect in terms of fairness and justice in the subject of salaries of the Kurdistan region, and we strictly apply the budget law, which says if the region does not pay 250 thousand barrels of oil, it must cut From this share, we do not cut the salaries and livelihoods of Iraqis. ”

He explained, “The problem of exporting the Kurdistan region of more than 250 thousand barrels of oil must be resolved, and the budget did not address such a situation, and we need to discuss and dialogue with the region.”

He pointed out that “talk about corruption in which a lot of transmission of unreliable sources and presented to people as reliable and then shows that they are completely unreliable, and we do not hit randomly but according to the proper evidence and documents, and the Anti-Corruption Council is investigating but does not defame while trying to preserve the prestige of people And the prestige of the law. ”

Abdul-Mahdi stressed that “it is common and generalized that all corrupt are corrupt in order to lose the truth, and we have to sort out the corrupt, and those who bring accusations to provide documents in order to sort out cases of corruption of false accusations,” pointing out that “the Anti-Corruption Council was present before the coming of the current government, What we have done is to activate this Council. ”

“We have stopped a massive smuggling and fraud involving the sale of black oil,” he said.

“If we want to share responsibilities, we should not hold this person alone,” he said. “The responsibility is public and shared. Everyone, especially the media, should support the investment process in the country.”

He pointed out that “the media focused on the fires of grain crops fields and did not focus on what was marketed from large quantities of these crops, and the proportion of what was burned is a very small percentage compared to the large quantities that were marketed to the State and farmers received the amounts directly.”

“There are success stories in the country that the media did not focus on because some of its media do not want quiet stories, they want interesting stories, and the media should give time to the success stories and achievements in the country,” he said.

“We have not promised any country that we will reduce the death sentences against foreign convicts because they are legal and judicial rulings. Syria affects Iraq a lot, and any situation in the region also affects us. ”

He stressed, “We want to strengthen the state media, and this is our duty, which is not something to be given, but needs means and atmosphere. “There are multiple parties, including those who disagree even with the government, to be more transparent with our people, and there is no independent or completely innocent media.”

The Prime Minister denied “the issue of ministerial change within the Council of Ministers,” noting that “satellite channels are the assumptions and scenario for this subject, and if there is change we will make it and we will not hesitate to implement it.”

He added, “We have submitted names for the post of Minister of Education, but was rejected in the House of Representatives, and I call the parliamentary committee if it has the names of candidates from Mosul Let them submit three names and we will choose one of them, but they must ensure voting in the House of Representatives.

• The government presented a curriculum on its achievements during the first six months, a detailed curriculum and questioning separated by reason and logic, a platform that determined the rates of achievement in all state institutions.

He pointed out that “everyone was talking about the devastation of agriculture in Iraq, but agriculture today began to rise and we succeeded in this is a great achievement,” pointing out that “lifting concrete barriers from the streets and cities in a security, economic and psychological dimension, and invested concrete blocks to work (Silwat) for wheat crop “.

“We have provided a large reserve of generators, and we have run power plants after maintenance and repair to achieve progress and progress on the subject of electricity.”

He stressed that “any file is complex when it is political and easy when it is technical, and we are working to ease the political dialogue to reach the participants” denying “the existence of objection from any party to the return of all displaced people to their areas, but politically there are those who object, and many displaced people have They have returned to their areas. ”

He pointed out that “the current government inherited a lot of loads that can not be accomplished even in years, and the subject of mobile phone is a major dispute between the state departments themselves, and we have held dozens of meetings to reach solutions to this issue because the country needs revenues other than oil revenues and in many things such as border outlets and tourism Agriculture, mobile phone, air transit, etc. ”

“The government’s campaign against gambling halls and unlicensed liquor venues is part of the fight against corruption because the most important purpose of opening these lounges and shops was money laundering as well as drugs,” he said.,15700022,15700186,15700191,15700256,15700259,15700262,15700265&usg=ALkJrhggzoKi4dXr0a0rXc-FiK8T4LoCtQ

A high delegation from the region visits Baghdad after the Eid .. and Kurdish conditions for the delivery of oil

Date of edit:: 2019/8/9 20:52

A high-level delegation of the Kurdistan Regional Government will visit Baghdad after the Eid al-Adha holiday.

“After the end of Eid al-Adha holiday, a high-level delegation will go to Baghdad to reach a final agreement on the oil file and the financial dues of the region,” said Hifidar Ahmed, deputy chairman of the Kurdistan Finance Committee.

He explained, “The Kurdistan region has three demands from the federal government and is ready to hand over its oil by ensuring the salaries of employees of the region, and put the share of the Kurdistan region within the sovereign budget of Iraq, in addition to the payment of financial dues to oil-producing companies in the Kurdistan region, which is delivered to Iraq.”

“2020 is expected to be an economically strong year,” he said.

The Ministry of Finance Committee did not address the articles on the Kurdistan region, amid anticipation of an agreement, with increasing pressure on Prime Minister, Adel Abdul Mahdi.

Mohammed al-Baldawi, a member of the government program monitoring committee, said, “The committees that are currently formed have started their work very well, in order to find a way out of the current differences. It had an excellent response to calls from the central government. ”

The Iraqi government must finish preparing the draft budget law and submit it to parliament before October, and the Ministry of Finance has formed since May a committee to prepare the draft for the next three years with the membership of three members of parliament.,15700022,15700186,15700191,15700256,15700259,15700262,15700265&usg=ALkJrhhpM1ipMOif7nRPyJZpVHNkvwrmMA

Parliamentary Finance: Appointment of an inspector of the Central Bank exceeding the law

By ahad5 09/08/2019 02:48 PM

Ahd News – Baghdad

The parliamentary Finance Committee, on Friday, expressed great surprise at the appointment of an inspector for the Central Bank of Iraq, usually violated his independence and exceeded its law.

The Chairman of the Committee MP Haitham al-Jubouri in a statement received “Al-Ahd News” a copy of it, that the Finance Committee shows great surprise at the deliberate Iraqi government breach of the independence of the Central Bank and insist on interfering in its policy and management, in violation of the text of Article 2 of the Central Bank Law, which stipulated that Allow the intervention of any person or the government of the work of the bank or monetary policy and subjected to the control of the House of Representatives only.

He added, we remind the government that this position was previously in the Central Bank and was abolished in 2008 for inconsistent with the law of the bank in force.

He called for the immediate cessation of this step, warning of its external repercussions and its negative repercussions on international agreements and assessments. Finished 2,15700021,15700043,15700186,15700191,15700253,15700256,15700259&usg=ALkJrhjqK0ifZD0jnK1DV-Z19piRy5yPPg

Joint Operations announces the results of the third victory of victory

Release date:: 2019/8/9 14:38 •

(Baghdad: Al-Furat News) Joint Operations Command, announced the results of the operations of the third victory, which was launched on the fifth of August.

A statement of operations received a copy of the agency (Euphrates News) a copy, “after it set off on the blessing of God at 0600 in the morning of the fifth day of August until the seventh of 2019, the third phase of the will of victory, under the direction of the Commander-in-Chief and under the supervision of the Operations Command The joint division, to clear the areas north of the district of Muqdadiya and north of Jalawla and Khanaqin in Diyala province and participated in the fifth division of the Iraqi army and the Directorate of the police of Diyala and the Popular Mobilization units represented by brigades {28, 20, 23, 24, 4, 110 and the engineering effort and treatment detachments from the headquarters of the Popular Mobilization } The operation was carried out from CM Six pages per axis are as follows:

1 – Axis I: the Fifth Infantry Division and the Diyala boycott the popular crowd.

2. The second axis: Diyala police directorate and commando brigade Diyala operations command and the Diyala boycott the popular mobilization.

– The units that participated in the Ninewa Operations Command on the third page of Operation Will of Victory were 16th Infantry Division, 20th Division, Swat Regiment, Nineveh Police, Tribal Mobilization and Popular Mobilization Units to inspect and purge the thirsty thirst and the Badush mountain range and the surrounding villages. :

First: Army units (92nd Brigade, 15th Division, 75th Brigade, 76th Division, 16th Brigade, 21th Division, 20th Division).

Second: Police Sections (Nineveh Police Directorate and Swat Nineveh Regiment).

Third: Clans of the clan crowd represented by regiments (50, 55.56, 58, 60, 72).

Fourth: The Popular Mobilization Units represented by brigades (33,44,25,15,53, and Regiment 6).

This was a four-pronged process.

It came with air support as follows:

First: Army Aviation Command has provided all kinds of support in the operations breakers through 38 armed sorties, where it carried out 10 sorties within the sector of Nineveh operations, and carried out 28 sorties within the sector of Diyala operations.

Second: The Air Force Command has allocated four reconnaissance and armed reconnaissance aircraft to support the operation at the rate of 4 sorties.

Third: International Coalition Air Force participated in 25 sorties by armed reconnaissance and reconnaissance.

The results of the third page of Operation Will of Victory were the destruction of 12 tunnels, 24 spheres and 5 gens of TNT with a capacity of 20 liters, 42 explosive devices, 3 82 mm mortar rounds, 155 mm shells, 3 82 mm mortar rounds and 2 bicycles. In addition, 18 wanted men were killed, 4 terrorists were killed, 25 villages were searched, and the area inspected reached 1712 square kilometers.

Parliamentary Finance: Appointment of an inspector of the Central Bank in violation of its independence and violation of its law


Economy News _ Baghdad

The parliamentary Finance Committee, on Friday, surprised the “great” of the appointment of an inspector of the Central Bank of Iraq, usually violated his independence and exceeded its law.

The Chairman of the Committee MP Haitham al-Jubouri, in a statement received by “Economy News” a copy of it, that the Finance Committee shows great surprise at the deliberate Iraqi government breach of the independence of the Central Bank and insist on interfering in its policy and management, in violation of the text of Article 2 of the Central Bank Law, which stipulated Not to allow any person or government to interfere with the work of the bank or its monetary policy and subject it to the control of the House of Representatives only. 

He added: We remind the government that this position was previously in the Central Bank and was canceled in 2008 because of its conflict with the law of the bank in force. 

He called for the immediate cessation of this step, warning of its external repercussions and its negative repercussions on international agreements and assessments.

Rafidain launches a new meal of advances up to 25 million dinars

Release date:: 2019/8/9 8:38

Al-Rafidain Bank launched a new meal from the advance of the employees of the government departments, which ranges between {5, 10, 15, 20, 25} million dinars through the international card MasterCard.

“A new payment has been issued from the predecessors of the employees of the state departments to more than 9,000 employees who have settled their salaries with the bank and received an electronic card,” the bank’s media office said in a statement received by Euphrates News.

The statement explained that “the payment of this advance was through the imprint of the customer and then informed the employee by sending a text message notifying him of the advance payment, after he completed all legal procedures to grant them and disbursed through electronic payment tools to which the financial balance has been mobilized.”,15700022,15700186,15700191,15700256,15700259,15700262,15700265&usg=ALkJrhgGI00fRpxc27S0QCrB0y6cdjxNzg

Iraq cancels giant oil deal with Exxon Mobil

Release date:: 2019/8/9 12:11

Iraq is close to a deal with international oil companies BP and Italy’s Eni on an export pipeline project originally planned to be part of a huge deal with a company, five Iraqi officials said. American oil giant Exxon Mobil.

The sources, who asked not to be named because the discussions were not made public, told Reuters that under a proposed $ 400 million deal, BP and Italy’s Eni would manage a plan to build two offshore pipelines to export oil from southern Iraq through the Gulf.

Officials said the pipeline work was planned to be part of a larger $ 53 billion project that Exxon appeared to be gearing up for earlier this year, but an agreement with Baghdad was halted by contractual disputes and security concerns.

The 30-year-old giant is at the heart of Exxon’s plans to expand into Iraq, OPEC’s second-largest producer, and the fragmentation of plans from the deal could have a negative impact on the company’s ambitions.

BP and ENI talks with Baghdad follow Iraqi officials in June announcing Hyundai Engineering and Construction of South Korea to build a $ 2.4 billion seawater injection facility, another part of the deal that was under discussion with Exxon.

Exxon Mobil and Eni declined to comment, while BP has yet to comment,15700022,15700186,15700191,15700256,15700259,15700262,15700265&usg=ALkJrhhBIR2mQvAylgdGuA1NAVcIvQDvsA