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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


    Association of Private Banks: 3 million Iraqis will establish a bank account during the next two yea

    Rocky
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    Association of Private Banks: 3 million Iraqis will establish a bank account during the next two yea Empty Association of Private Banks: 3 million Iraqis will establish a bank account during the next two yea

    Post by Rocky Wed 06 Dec 2017, 3:02 am





    Association of Private Banks: 3 million Iraqis will establish a bank account during the next two years


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    Economy News Baghdad:
    The Iraqi Private Banks Association announced Wednesday that about three million Iraqis will set up a bank account over the next two years because of the project to settle salaries of state employees.
    The Executive Director of the Association of Private Banks, Ali Tariq in an interview with "Economy News", "The project to settle the salaries of public sector employees of the important projects that will withdraw funds stored in homes and deposited in the banking sector, which reflects positively on the development movement," adding that "Around three million Iraqis will establish a bank account within the next two years working in the public sector to receive their salaries."
    The Central Bank of Iraq estimates that home money is about 34 trillion dinars and represents more than 70 percent of the currency.
    Tarek explained that "the government is obliged to put the salaries of employees in the bank two days before the distribution of salaries," pointing out that the project to settle salaries of projects that the World Bank.
    The Central Bank began to settle the salaries of its employees in 7 private banks and then the General Secretariat of the Council of Ministers and is currently working all ministries except the security ministries to settle the salaries of its employees in banks.
    Tariq pointed out that the banks participating in the settlement of salaries increased their number one and became 15 banks after the accession of the Islamic Bank of Iraq and that the doors open to all banks operating in Iraq to enter into this project, provided the possession of the infrastructure.
    The Iraqi government expected the completion of this project during the next two years, which will avoid Iraq losses annually up to 8% of GDP because of thefts and damage to the currency.
    The executive director of the Association of Private Banks, said that the project to settle salaries is compulsory for all state employees except for the security services.
    Tarek announced that after the completion of the public sector will be the trend towards companies operating in the private sector.


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