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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    Abdul-Mahdi: The formation of guarantee bank deposits, the company is

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 269873
    Join date : 2012-12-21
    • Post n°1

    Abdul-Mahdi: The formation of guarantee bank deposits, the company is Empty Abdul-Mahdi: The formation of guarantee bank deposits, the company is

    Post by Rocky Sat 11 Jun 2016, 4:29 am

    Abdul-Mahdi: The formation of guarantee bank deposits, the company is a positive step

                 Saw the leader of the Supreme Islamic Iraqi Council, Adel Abdul Mahdi, to guarantee bank deposits, the company proposed by the Central Bank with a capital of 100 billion dinars that, and approved by the Council of Ministers, is a positive step to encourage the banking sector and to ensure the money depositors at the bank's inability or exposure to the bankruptcy and liquidation, pointing to the 34 trillion dinars outside the banking session, are traded in the parallel economy, is difficult to control or paid developmental trends intact.
    Abdul-Mahdi said in an article: Our economy depends mainly cash Cash Economy, and this is a serious manifestation of backwardness, corruption and money laundering. There are about 34 trillion dinars outside the banking session, are traded in the parallel economy, is difficult to control or paid developmental trends intact. This is a big number is a half of the "money supply" based on M1 67 trillion dinars, ie paper currency and coins basis and about 24% of the "money supply" based on M2 (83 trillion dinars, ie M1 plus short-term deposits in banks, mainly by June, and figures , knowing that expressions of M1 and M2 and M3, etc., are different orders of means and tools currency is displayed.
    He said that the deepening of this fact after the nationalization and the dominance of easy money and the economy rentier and the disintegration of the economy and Mavuath, dip habit banking and the collapse of confidence in the banking system, and the lack of clarity and integrity and fairness of the tax system, and the arbitrariness of the state and put her hand on the bank accounts for security reasons, economic or personal. The loss of transparency, fairness and sound policies to fight corruption and money laundering in the country's economy, led and leads to corruption and money laundering in the parallel economy abroad. Note that the "parallel" economy or "shadow," or "black", depending on the Titles, is in the advanced economies as well. It is in the United States about two trillion dollars, and cause the loss of taxes, of $ 500 billion dollars annually approx. But the weight is very weak compared to the enormous size to handle the banking and other payment instruments. But stresses there are economists on the presence of the benefits of a national economy, although harmful to the treasury, as a factor to absorb unemployment and moving some of the activities that are difficult to manage or control them otherwise.
    He said the "foundation of the company, should be completed -briana- other actions, not only in the framework of the protection of depositors' money, but because Astjmab largest volume of money as well, and that would get the economy moving and to stimulate interest, business and investments."
    "The Central Bank of the company's capital had studied, and it seems to us that the capital of the proposed relatively small compared to the sector and deposit size, particularly as we have seen deficits and qualifying through the years. Of course company may re-insurance to ensure their ability to repay, and will be depositors more assured if was linked security Companies and specialized international institutions, and to ensure smooth proceedings in cases of bankruptcy, liquidation and defaults.
    He stressed that "with the financial health, and to get the economy moving, and Astjmab liquidity, has to be a clear tax policy that assured the depositors, the lack of exposure to the arbitrariness of administrative and authoritarian, compelled them to stay out of the banks. It can put temporary incentives and permanent to enter the banking session, offering temptations Kalaafa or reduction of settling accounts tax, and protect deposits from disclosure and auditing practices outside world, and the development of legal guarantees for it.
    He pointed to "the study of interest rate policy .. There is no doubt that the central bank in cooperation with the Government, and in accordance with the law, he can plan to take on the percentage of encouraging interest for the money prices of mode, and plan an interview to encourage lending at attractive prices benefit, including moves the markets, interests and investments.
    He concluded, "give confidence to the public and private banks .. and the elimination of discrimination in deposits and transactions .. and stop instruction chaos and Fjaiatha, and the arbitrariness of administrative and judicial proceedings .. and to address red tape and bureaucracy stalled for business and degrading treatment of customers and banks alike. If the state itself is confident these banks, how citizens will trust them? Banks At economies Day-lever development and oxygen economy and the closet his money. "




    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 12 May 2024, 12:50 am