Iraq banking forum in Beirut

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Why Beirut!

Author: Yasser incumbent

9/20/2015 0:00

The Iraq forum banking past week raised a very important question and look for answers satisfactory and that why Beirut was chosen to embrace?
As the Iraqi banking sector

Ahli and the government, both suffering from difficulties in his performance must be searching for a way out of its challenges, and he signed the check to Beirut because of its deep experience and expertise efficient, which extends over large areas of the world.

Banking sector's significant role in the implementation of development programs also seen the world, it is natural to rely on the experiences of countries that have suffered and gone through the same circumstances and was able to implement the effects of Vamtket experience after experience that has achieved remarkable development in their economies and means of success.

No different in that the two Lebanese banking and over the decades has made the quality of mutations to adapt to economic changes and the global financial crises and deal with it without being affected by currency «lira exchange rate

«Variables that have occurred on the reality of politics

Fiscal and monetary what made the country's economic situation fairly stable despite all circumstances, because the stability of exchange rates is a reflection of the success of monetary policy in any country.

Although Iraq follows the austerity policy because of its finances, but this event is of particular significance, to find way out of the effects of the crisis at any cost and economic feasibility unrealized because the cost of experiences

And technology constitute a cost the participation was higher in Astkdamha here. Also as any costs incurred and to Arab businessmen and foreigners who are looking to the Iraqi market, the private sector and are looking for investment opportunities in the promising market

The forum was an important opportunity to view the program as the track record and good organization of the forum inversely importance of such meetings as well as Workshop

A training mission organized by the Economics and Business Group on the sidelines of the forum, which has to be repeated to deepen communication and exchange of experiences.

http://www.alsabaah.iq/ArticleShow.aspx?ID=100642

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Forum Iraq banking recommend activating the anti-money laundering


9/20/2015 0:00

Beirut - envoy morning

Forum recommended to activate the banking Iraq and the development of common agreement between all of the Iraqi Central Bank and the Bank of Lebanon to activate cooperation in the field of combating money laundering and the financing of terrorism through the exchange of information and training.

Forum held under the auspices of Central Bank Governor Riad Salameh, the governor of the Iraqi Central Bank d. On the Keywords and organized by the Economics Group and business urged its recommendations on the promotion of foreign investment role and take advantage of the investment opportunities available in both countries for the development of infrastructure and the development of the residential sector and priority sectors under the laws of Alvavzh investment in the two countries, also urged working in the two banks to build bridges of cooperation and open branches and banking offices in both countries and to make mutual credit lines for the development of economic sectors and providing equal opportunities for both sides.

The recommendations focused on the need for the exchange of experiences between the banks of the two countries as well as experiences in the banking, economic and financial area, to improve and develop the banking business through the Coordinating Committee that will shape by both banks, also focused on the development of banking technologies expertise and transfer between the Central Bank of Lebanon and the Central Bank of Iraq, especially the electronic payment systems , as well as Iraqi banks commitment and branches of Lebanese banks in Iraq to work in earnest and within the timing set by the Central Bank of Iraq to the implementation of the technical requirements for the system of national divider, according to electronic payment services and instructions issued Bmujbh.ogest recommendations technology companies and international information and the Lebanese specialized software and owners of capital system in both of which the two countries to enter the Iraqi market more effectively, in light of the Iraqi Central Bank's efforts in creating an environment encouraging legislative and banking Therefore, as demanded by banks operating in the two countries to abide by the rules of corporate governance and a commitment to the laws and rules of work in Iraq and Lebanon.

Recommendations also concluded the need to form a joint committee between the Iraqi private banks association and the Association of Banks in Lebanon to put the recommendations into practice according to a timetable to be agreed upon between the two sides for this purpose.


http://www.alsabaah.iq/ArticleShow.aspx?ID=100640