*** More News ~ Financial Commercial Bank of Iraq opens in Baghdad's Green Zone ...
Tuesday, October 26, 2010Today .. مجلس الوزراء يناقش موازنة 2011 Council of Ministers discusses 2011 budget
$86 billion at an average price of $ 70 and exporting 2.3 million barrels of oil per day
Ministry of Finance revealed that the Council of Ministers in its session today will discuss the financial budget for the year 2011, carried out by the ministry during the past few days, while confirming that he will soon be opening new branches of the Iraqi Trade Bank in a number of countries.
The Minister of Finance Baqir Jabr Al-Zubaidi “morning”, on the sidelines of the opening of branch Trade Bank of Iraq in the Green Zone yesterday: that his ministry was completed during the period the last few years the financial budget for the coming year 2011 is scheduled to be debated by the Council of Ministers at its scheduled Tuesday.
It is said that Ministry of Finance has recently announced that the budget IPO for 2011 of 86 billion and $ 400 million. “Now that the ministry has proposed in the budget that the average price of a barrel of oil $ 70, by export up to two and three hundred thousand barrels per day, noting that these figures and developed in coordination with the Oil Ministry.
Meanwhile, the minister disclosed in a press conference held after the opening ceremony, the intention of the bank opened three new branches in London, Beirut and Amman to contribute to the activation of the banking world and the Arab world, noting that the bank is one of the top ten banks in the Arab States and Islamic countries.
He said the opening of this section in the Green Zone came in response to a number of applications submitted by some companies and embassies based in the region places them, in order to facilitate its financial transactions, especially in light of the security situation witnessed by the country, stressing that the opening of the Bank will contribute to activating the movement of financial and trade and economic development of companies and embassies with Iraq.
He explained that the receipt of money from the bank in cash is through ATM, with the possibility of the use of “visa is a kind card” to deposit and withdraw money. revealed Zubaidi said the ministry has distributed ATM between a number of banks and some key markets to contribute to the provision of amounts to citizens quickly and high technology, pointing to the importance of banks in which the promise of the basic foundation for all global economies, declaring in this context that the ministry called on the Bank “City Bank” in the United States to open a branch in Iraq. and on the capital of the Trade Bank of Iraq, said Zubaidi, the capital currently stands at $ 500 million after it was two years ago, a hundred million dollars, indicating that the bank is running a special and has its own law and one of the most liberal government banks in the organization of work.
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