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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


    EFI complain overdue loans and higher interest .. and the central bank intends to reduce

    Rocky
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    EFI complain overdue loans and higher interest .. and the central bank intends to reduce Empty EFI complain overdue loans and higher interest .. and the central bank intends to reduce

    Post by Rocky Wed Apr 20, 2016 5:17 am

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    EFI complain overdue loans and higher interest .. and the central bank intends to reduce


     Baghdad / long-Presse Ibrahim Ibrahim 

    Declared the Iraqi Federation of Industries, on Tuesday, not to manufacturers for loans announced by the central bank so far, hepromised that the interest rate imposed onthem "high" and it should be "zero", as an economist for the starting lending operations beginning next month revealed. 
    the head of the Union Ali Sabih, said in an interview to the (long - Presse), said that "any industrial did not happen after the loan announced by the Central Bank of Iraq for the banks sector, including the industrial Bank, of 33% of the total five trillion dinars , equivalent to nearly one billion and three hundred million dollars," noting that " the Union is working on this subject a year ago, and the industrial Bank is still waiting for thecentral bank raised the forms that allow covered access to those loans." 
    He attributed Sabih reasons "delayed release of loans to" the fear of some decision - makers she went to theunallocated places . " , returned to the "unreasonable to argue with such weak excuse and disable the entire sector while should sacrifice and move forward to fix it ." 
    the head of the Iraqi Federation of industries that "what was allocated from the amount of the industrial sector can be a first step , although it is not commensurate with the magnitude of the devastation happened to him after the year 2003, especially that between 80 to 90 percent of the laboratories and factories Off ,"noting that" the central bank imposed a coupon of four percent on industrial loans, rose two percent forindustrial bank and the same to him. " He said Sabih that "those high interest and it should be zero because the industrial sector in Iraq is out of business for 13 years, suffering difficult circumstances, as well as the existence of unfair competition suffered by them as a result of flooding the local market to the imported goods and non - activating and supporting the laws of the domestic product . " . In turn, the economist said Bassem Jamil Anton, in an interview for the "long", that "during the Governor of the Central Bank on theKeywords meeting with a group of economists and money for research grants industrial loan and overcome the obstacles that hinder cashed investors practical mechanisms." 
    He added that " the assembled immobilized the flaws and the most important of which routine mechanisms of the banking system and the conditions of arbitrary addition to exaggerate the interest on the loan , which placed in front of industrialists for their access to loan ratio. " 
    said Anton that" the beginning of next month will see the launch of lending to all target sectors , namely industrial, agricultural and residential operations through an electronic mechanism where is withdrawn carry Koda form certain can not be falsified and belong to the person itself without the other to control the ways ofcorruption and extortion that may occur. " 
    He said the " industrial loan aimed governor industries including raw materials that go into a large number of products and textile industries and multi - food industry . " . 
    He Anton that "industrial loan amount represents one - third of the total amount of $ 5 trillion dinars where payment has been divided into three sections according to target sectors (industrial, agricultural and residential) the industrial sector share of nearly one billion, six hundred million dinars." 
    Meanwhile, a source at the bank CBI all "approach to cut interest assessed on industrial loans to support this vital sector." 
    said the source, who asked not to be named , said in an interview to the (long - Presse), he said that " theIraqi Central Bank intends to interest imposed on the industrial bank loans reduced , " noting " the decision needs to be approved by the board of Directors to take the legal form and becomes a possible application." 
    referred to the Central Bank of Iraq, announced in ( the eighth of August , the last in 2015), the launch of aninitiative to support the agricultural, industrial, real estate and housing fund sector banks with loans amounting to five trillion dinars, to revive economic situation and support the productive sectors.

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