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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 to take "corrective decisions" concerning the eligibility of 8 banks

    Rocky
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    The central bank to take "corrective decisions" concerning the eligibility of 8 banks Empty The central bank to take "corrective decisions" concerning the eligibility of 8 banks

    Post by Rocky Mon 13 Jun 2016, 3:27 am

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    The central bank to take "corrective decisions" concerning the eligibility of 8 banks


     Baghdad / Ibrahim Ibrahim 

    The Central Bank of Iraq, on Sunday, to take a number of corrective decisions to eight community banks, while gave it three months to implement, specialized commercial claims in a Baghdad court of first instance hasannounced retrieved five billion dinars during the past five months, noting that most of the money recovered from civil companies violated government contracts. 
    the central bank said in a statement received (range), a copy of which, " the board of Directors has taken anumber of corrective action to the situation of some banks and gave it three months to implement them." 
    he said the bank, that "the Iraqi Central Bank management, committed eight banks to deposit amounts inexcess of 500 billion dinars to enhance liquidity and to respond to requests from depositors , "noting that" theCouncil committed members of the boards of private banks administrations to re - money previous loans from their banks and registration of real estate registered in their name , the names of the banks. " In turn ,economist Mohammed Abdul Latif Al - Ani said in an interview for the "long", that " the Iraqi financial market 's dependence on the Central Bank in buying and selling operations causing contraction daily trading to sell thedollar as a result of a lack of oil imports to the country." 
    He added that " the financial crisis in the country reduced cash flow , which was raised by the central bank to less than half due to falling oil prices two years ago. " He said al - Ani said "steps the central bank later came due to the loss of billions of dollars through speculation by most private banks and financial companies that the conditions to be provided in discreet financial institutions do not apply to them." 
    He said the "most financial companies civil and banks that were established after 2003 do not work according to the laws and regulations to be implemented, but has become a shops for the sale and purchase of foreign currency from the daily currency auction suspicious ways undone the budgets of the state billions of dollars and smuggled abroad. " 
    the al - Ani said" re - examine the work and structure of private banks and financial companies , which reached number to hundreds of would stop the currency bleeding witnessed in the domestic market for nearly ten years. " 
    the Central Bank of Iraq, it was announced Tuesday (June 7, 2016), for approval of the cabinet on the draft deposit guarantee system , which includes the establishment of the company contribute to encourage citizens to deposit their money in government or private banks rather than keep them in their homes. 
    the Prime Minister Haider al - Abadi, decided Tuesday ( the seventh of June 2016), exemption of bank governance managers Hamad Abdul Wahab, and Mesopotamia on behalf of al - Hassani and commercial Hamdiya dry industrial Kazem fistula and agricultural Mohammed Hadi Khafaji and real estate Khudair Abbas, expressed as Finance Minister Hoshyar Zebari said his objection to the decision. It is noteworthy that thebanking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state - owned and 23 private businesses , including Islamic nine in addition to the 15 branches of foreign banks. 
    For its part specialized commercial claims in a Baghdad court of first instance has announced retrieved more than five billion dinars for the state during the past five months, noting that most of the money recovered from the civil companies violated government contracts. the 
    court said in a statement received "long", a copy of it, she " was able to recover about five billion dinars and more than $ 46 million for the period from the beginning of January and last until the end of the month ofMay of this year. " 
    she added," The majority of these funds have been collected from an Iraqi civil companies as a result of thepayment of dues Bzmtha or because Akhalalha terms of the contracts signed with the state. " 
    she called the court according to the statement of civil companies to" commitment working conditions ,through a contract with the other party and the fulfillment of the time and material obligations , "pointing out that" any breach of these terms will weigh the balance the other end before the judiciary. " 
    the Court of First Instance Kadhimiya confirmed in, (May 12, 2016), to detect cases of transfer of ownership of real estate based on agencies forged, as pointed out the entire procedure to restore rights to their owners to take, according to repaint the law.
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