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


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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


    Deputy Invites The Central Bank Regarding Private Banks

    Rocky
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    • Post n°1

    Deputy Invites The Central Bank Regarding Private Banks Empty Deputy Invites The Central Bank Regarding Private Banks

    Post by Rocky Wed 06 Jul 2022, 9:42 am

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    06/07/2022
    9[/size]

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    Earth News/ The representative of the Al-Fateh Alliance, Aziz Sharif Al-Mayahi, called today, Wednesday, the Central Bank of Iraq to reconsider the classification of Iraqi private banks and hold them accountable that did not provide any investment or economic benefits to Iraq.
    Al-Mayahi said in a statement, received by Earth News, that "there are many private banks led by a number of corruption mafias, which, unfortunately, have turned into   shops for issuing letters of guarantee and taking high and large commissions that burden contractors, in addition to draining hard currency and smuggling it abroad and paying with forged invoices. To the Central Bank and speculation in the markets, which negatively affected the economic situation and harmed the Iraqi private sector, and established its wealth at the expense of Iraq and its people without presenting any investment or economic plans or projects that would benefit Iraq or reduce the suffering of the poor classes.
    He added, "The Central Bank had previously worked on grading private banks according to what they presented, but unfortunately we did not find any of those private banks that were granted advanced degrees any benefit to the country, and they did not have any positive role during the successive economic crises that engulfed the country. In the country, despite this,   its wealth continues to grow from the country’s bounties without any account or supervision.”
    Al-Mayahi stressed “the importance of returning the central bank to all its accounts in dealing with private banks and setting stricter controls in checking invoices sent from those banks, given that the volume of exports does not match the volume of hard currency leaving the country to sort out the lagging ones after giving them a time limit to rearrange their plans and in If the reluctance continues, work should be done to withdraw its licenses and oblige them to pay fines for the extent of the damage they have caused to the Iraqi economy and the private sector.”
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