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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank of Iraq. Current account for private banks? (Baghdad Bank model)

    Rocky
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    • Post n°1

    The Central Bank of Iraq. Current account for private banks? (Baghdad Bank model) Empty The Central Bank of Iraq. Current account for private banks? (Baghdad Bank model)

    Post by Rocky Tue Aug 13, 2013 6:46 am

    The Central Bank of Iraq. Current account for private banks? (Baghdad Bank model)

    Tuesday, August 13, 2013

    Mehdi Askari



    The Central Bank is the Monetary Authority in the State, is the country's monetary policy and controlling the amount of money to maintain the value of the national currency, and as the Central Bank is the supervisory authority for private banks which it granted leave to work in the banking sector, and there are regulations and laws governing such banks were Bank Central Bank deposited a sum of money called interest (legal reserve).

    After 2003 the expansion of banking and spread the concept of privatization in Iraq and created a large number of new private banks, and of course this should be positive for the banks, the banking and economic and investment in the country. On the ground the opposite happens, where taken from the Central Bank to increase the capital of banks and got a steady increase in capital formation private banks in the past and current period by selling dollars to private banks, which the Central Bank during the previous two years to know and yet selling dollars to private banks and Government exclusively and in this period he assumes the post of Governor (Abdel Basset Turki) which is The regulator Central Bank? Which is why in selling dollars to private banks and not sell at auction as in the past, starting with the sale of private banks on the basis that they are selling the dollar for citizens (ID card) and then cancelled the sale on a personal card and sold on (passport), and this became a current account with the Bank, private banks (withdrawing funds with profit), and the best example Baghdad Bank Al-Ahli, Which has long enjoyed a good reputation among customers, but soon this Bank's reputation declined in the previous two years because of the sale of the dollar on the black market and sold the dollar for the citizens, because of the non-rational management in the Bank and in particular the management of the bank branches, to deal with a number of branches to sell the dollar on the black market (the fight) and on (passports cloned over and over again in the same week) and this offense because the sale is back Month ', and the Central Bank selling (16) $ 1 million per family over the rest of the bank branches, for example Bank of Baghdad beautiful branch of the dollar are $ 1 million per week, on this basis, the Bank must sell ($ 5000) for every citizen to bring a passport and the rate of the Central Bank who is no. 1189 per dollar, but the Bank and the well-known leftwing (Mr. Bank Manager gave him and assist him or Hussein) are working with the other employees and the agreement with the Director of Al-Ahli Bank branches in Baghdad, where they sell the dollar to finance The high market price, which ranges from each Bank profits from these banks a week over (50 million dinars), because the dollar is sold in the market around (1130) in the market?

    With this Central Bank became a commodity, however, shareholders in the private banks and their senior officials on monetary and regulatory authorities, and all this endures the poor who find sustenance day they enjoy in their homes and their bellies swollen.






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