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Keywords: We seek to privatize the Rafidain and Rasheed

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wciappetta
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Keywords: We seek to privatize the Rafidain and Rasheed

Post by wciappetta on Mon 23 Nov 2015, 7:05 am

Keywords: We seek to privatize the Rafidain and Rasheed
 
 
         

11/23/2015 0:00 

 Baghdad follow-up to the morning   
in pursuit of the Iraqi Central Bank to establish the principle of transparency of the overall activities and to inform those interested in financial affairs and citizens in general, Governor of the Central Bank on the Keywords occur, on Sunday for a number of monetary policy parameters. It has revealed that the Rafidain and Rasheed suffer from several problems, and explained that the central bank is moving to privatized. 


Keywords and said in an interview with a number of media followed the «morning»: The Rafidain and Rasheed Asthoman 80 percent from fiscal policy in Iraq, returned it «an anomaly».Keywords and pointed out that «these two banks are suffering from serious problems», he said:

 «We are heading to the privatization of banks or participation with the private sector, and we are working on it in coordination with the World Bank after the Council of Ministers agreed to this proposal».

 Also announced relationships, that Iraq has reserves of hard currency within international standards, while noting that the natural decline in the reserve process. 

    He said that Iraq has a reserve within the international standards », indicating: we still cover the Iraqi dinar 1.7 of currency in circulation by value 39 trillion dinars. 


    He said the Keywords, the Reserve is able to cover imports in the country for 6 months, and that the natural decline in the reserve process which is psychological more than what is worrying. 


    He Keywords, that the reserve is not controlled by the central bank but controls the supply factors of the Ministry of Finance and demand from the market. 


    He pointed out that the Central is to maintain the market response to the request and fill the balance of payments, because it enters in maintaining the balance. 


    To that, the Keywords rejected a proposed public sector salaries distributed to the dollar, pointing out that tend to disrupt the process of distribution. 


   

As Governor of the Bank confirmed that the project to delete the zeros of the existing currency, but the administrative conditions are not favorable for its implementation so far.




    He explained that the issuance of 50 thousand dinars nothing to do with class delete the zeros but came to structuring currency and do not affect inflation and rising prices.  -[My Note: the intent is not negative, he is saying this isn't working against the plan to delete the zeros]


    He added that 25 thousand class no longer suitable for trading bloc compared with cash in circulation, and that the new category will facilitate the transport and conversion process by the banks and citizens. -[lol]




http://www.alsabaah.iq/ArticleShow.aspx?ID=104850


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weslin3
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Re: Keywords: We seek to privatize the Rafidain and Rasheed

Post by weslin3 on Mon 23 Nov 2015, 7:53 am

ok

wciappetta
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Re: Keywords: We seek to privatize the Rafidain and Rasheed

Post by wciappetta on Mon 23 Nov 2015, 7:54 am


Look at the picture below  and consider this phrase  from the article above as the justification. notice all those 5&10K notes in the banks window? but the 25K notes aren't suitable? I just laugh as they rake these notes out according to the plan. In case you're wondering, the photo is only two weeks old.


He added that 25 thousand class no longer suitable for trading bloc compared with cash in circulation, and that the new category will facilitate the transport and conversion process by the banks and citizens. -[lol]




Iraq is moving to privatize the government's two largest banks



Monday 23-11-2015 | 1:05:30
 
 
 
 

 
 
 
 
end
Twilight News / Iraqi Central Bank announced on Monday its intention to privatize the two banks government promise the largest in the country.
The governor of the Central Bank, on the Keywords, in a statement, "The bank's management is moving to privatize the Rafidain and Rasheed Bank or participation with the private sector," noting that "the trend is being coordinated with the World Bank after the Cabinet approved this proposal."
He explained that "these two banks are suffering from serious problems because they Asthoman to 80% of fiscal policy in Iraq," she returned it, "an anomaly."
On the other hand, the central bank rejected a proposed distribution of employees' salaries in dollars in Iraq, noting that "the Iraqi currency is a sovereign and can not be a substitute for the dollar the national currency."
Keywords and added, that "the distribution of salaries in dollars does not bring anything positive," pointing out that "tend to disrupt the process of distribution."
Iraq relies 95% on oil in the annual general budget, while still money laundering operations are ongoing in the country, primary caused due to the absence of regulatory laws on banks and community banks.



http://www.ara.shafaaq.com/40660


Last edited by wciappetta on Mon 23 Nov 2015, 8:06 am; edited 1 time in total


_________________
For the day of vengeance is in mine heart, and the year of my redeemed is come.

weslin3
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Posts : 4089
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Join date : 2012-12-19

Re: Keywords: We seek to privatize the Rafidain and Rasheed

Post by weslin3 on Mon 23 Nov 2015, 8:03 am

Was thinking they were the 2 biggest banks.... yes

I know this is NOT the CBI, but Yahoo and XE has IQD paired with USD around 1111
today.... Just hoping we have a bottle rocket to go off.... lol!

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Re: Keywords: We seek to privatize the Rafidain and Rasheed

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