"JUST LIKE WE TOLD YOU... NEW LOWER NOTES COMING!!!" BY FRANK26, 8 JUNE

 KTFA

FRANK26:"JUST LIKE WE TOLD YOU... NEW LOWER NOTES COMING!!!".............F26

Rudaw publishes the text of the third strategic plan of the Central Bank of Iraq

6/6/2024

The Governor of the Central Bank, Ali Mohsen Ismail Al-Alaq, announced the third strategic plan for the years (2024-2026), which includes a set of main and subsidiary goals and initiatives to achieve the bank’s aspirations. 

 

The governor stated that the plan paid special attention to oversight and supervision of the banking sector, in order to build a “solid” banking sector, while the plan, according to Al-Alaq, focused on the non-banking financial institutions sector. 

 

He stressed that exceptional efforts would be made to address the problems and obstacles facing the bank’s initiatives with the aim of achieving the vision and goals.

The three-year strategic plan includes seven goals, which are: “Supporting and enhancing monetary stability, enhancing digital transformation, activating electronic payment and strengthening cybersecurity, enhancing financial inclusion, maintaining a sound financial system, developing the regulatory structure, strengthening the bank’s position locally and internationally, and enhancing sector compliance.” Banking and non-banking financial institutions sector.

 

The plan listed the opportunities and challenges facing the bank’s work, as the opportunities included “reducing the general budget deficit and improving the international business environment,” while the challenges were “imbalances in the Iraqi economy and cybersecurity threats.” 

 

The bank stated in its plan that it has established the technical infrastructure for the (GO AML) system for the Anti-Money Laundering and Combating the Financing of Terrorism Office, in order to receive, process and analyze reports submitted by financial institutions or other entities. 

 

The bank confirmed that it is currently accredited by 60 financial information units around the world. 

 

Regarding the initiatives that the bank linked to the sub-goals, they include “the ability to issue medium or long-term securities, move from the platform to the sending banks in making external transfers, increase gold reserves, offer new issues of high-quality currency, automate monetary operations, and support financing.” Small and small, creating an electronic platform to manage complaints, etc. 

 

To view the third strategic plan of the Central Bank of Iraq, click here 

 

LINK