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Mon. AM KTFA News Articles 10-10-22

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Samson » October 10th, 2022

The Central Bank of Iraq obtains an international certificate in cash management

9th October, 2022

Today, Sunday, the Central Bank of Iraq obtained the ISO certificate (ISO9001:2015) related to the quality management system in terms of cash management, issued by TQCS INTERNATIONAL PTY LTD.

The company, which granted the certificate to the Director General of the Issuance and Treasury Department, praised the efforts of the Central Bank of Iraq in implementing international specifications and standards. 

It is noteworthy that this certificate is granted every three years to institutions that implement international systems and standards for total quality management and institutional development

Central Bank of Iraq
Media Office
9 – October – 2022   LINK

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Economist: Political conflicts have lost Iraq’s strength in front of investors

9th October, 2022

The economic expert, Hashem Al-Habboubi, considered on Sunday that the loss of many investment opportunities for important and strategic projects was caused by political conflicts and the loss of confidence between them, pointing out that these struggles made Iraq lose its strength in front of investors. 

Al-Haboubi said in a statement to “Al-Mawrafa”, that “the abhorrent quota system and the loss of confidence between parties and political forces and their struggles over high positions and bodies made the doors open for the corrupt and looted treasury funds allocated to projects, especially infrastructure projects,” noting that “infrastructure projects need years of Fixed government funding.

He added that “the loss of many investment opportunities for important and strategic projects is caused by political conflicts and the loss of confidence between them,” noting that “these struggles have made Iraq lose its strength in front of investors.” 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had confirmed in a previous statement that the minimum budgets lacked opportunities for economic growth, and deprived Iraq of major strategic projects.    LINK

Source: Dinar Recaps

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