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Iraq Investment Map2020-2021

 The monitory work guide that concentrates on the regulations of risks
management in the traditional banks.
 Supervisory controls for the capital adequacy standard in accordance with the
requirements of Basel (III).
 Regulations for organizing the work of brokerage firms for the sale and purchase
of foreign currency No. 1 of 2018
 Regulations of Islamic financing tools.
 Instructions and procedures issued by the Central Bank to regulate banking
activity in Iraq, including (branches of foreign banks).
 Executive controls to regulate the work of Islamic banks
 Instructions for the business continuity system in the Iraqi banking sector
according to the international standard.

Developing the CBI operating performance

After meeting the requirements of the international standard last year, CBI obtained the
ISO certificate in the field of cash management granted by LMS Certification Limited,
and the ISO9001 standard is considered as the most spreading in the world for the
management systems which essentially helped CBI to develop and regulate its
management standards in the various fields.
Finishing the process of preparing the BSRS program and the tests of connecting banks
with the CBI in terms of auditing financial statements.
For the purpose of gradual converting to the centrality of accounts, CBI achieved the first
stage of unifying accounting processes for foreign currency auction window.
CBI also created new departments within the exchange monitory office, dept. of
analyzing the banks performance and risk monitory, section of evaluating the real estate
mortgages, and the IT section in the banks and the financial institutions. Those
departments and sections were created according to the best international standards.

Reinforcement and completion of infrastructure
In order to develop the infrastructure of the banking communication network, obtaining
safe and fast communication channels and maintaining the credibility and availability
levels of the banking network, CBI connected the main branched of government, private
and foreign banks and the Ministry of Finance by using the fiber optics project to the CBI
sites.

(VPN) Virtual Private Network
CBI accomplished the project of VPN (Virtual Private Network) according to developed
standards. devices and levels of protection and encryption act as principal connecting
channels for the users of the electronic systems and as auxiliary connecting channels to
support the banking communication network working with the technologies of the fiber
optics to be used by the network subscribers in case of the stoppage of the main
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