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Neno's Place Established in 2006 as a Community of Reality


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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


2 posters

    The Central Bank reveals a scandal for commercial banks

    Rocky
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    • Post n°1

    The Central Bank reveals a scandal for commercial banks Empty The Central Bank reveals a scandal for commercial banks

    Post by Rocky Mon 15 Jan 2018, 2:02 am

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    The Central Bank reveals a scandal for commercial banks

    [/rtl]
    [rtl]Release date: 2018/1/15 10:55 • 41 times read[/rtl]
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    (Baghdad: Al-Furat News) A report by the Central Bank of Iraq, that some commercial banks do not have any investment, "noting that" some letters of guarantee comes courtesy of relatives and friends. "
    "The proportion of investments to total assets in commercial banks is 8 percent," the report said, adding that "some of these commercial banks do not have any investments." 
    He added that "the monetary assets of commercial banks during the year 2017 amounted to 6 trillion dinars of the total assets of 13 trillion dinars, or 46%, mostly concentrated in the assets of banks with the Central Bank, which indicates the focus of banking activities in the window selling foreign currency.
    "The letter of guarantee, which forms the largest part of letters of guarantee, in many cases are letters of courtesy to relatives, friends and companies in which the members or members of the board of directors participate in a clear or hidden," noting that "When you lag in the implementation of projects resort to some marketing method And delay in the payment of letters of guarantee in violation of the provisions of Article 290 of the Trade Law No. 30 of 1984. 
    The Central Bank of Iraq issued on 19 March 2017 a circular for all private banks to abide by the standards to meet the sale of foreign currencies, noting that the task of international audit companies that have been contracted to assess the financial position and quality of assets of banks.


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    Rocky
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    • Post n°2

    The Central Bank reveals a scandal for commercial banks Empty The central bank reveals scandal of civil commercial banks

    Post by Rocky Mon 15 Jan 2018, 11:21 am

    The central bank reveals scandal of civil commercial banks




    Monday 15 January 2018 | 11:00

    BAGHDAD / .. announced the report of the Central Bank of Iraq, on Monday, that some commercial private banks do not have any investments, "noting that" some of the letters of guarantee comes courtesy of relatives and friends. "

    The report said, according to a study by the bank and vassal "appointed Iraq News", that "the ratio of investment to total assets in commercial banks is 8%," he said. "Some of these commercial banks, civil do not have any investments."

    He added, "The cash assets of commercial banks during the year 2017 amounted to 6 trillion dinars of the total amount of 13 trillion dinars assets, a rate of 46% is concentrated mostly in the balances of banks at the Central Bank, which indicates the focus of banks activities in the sale of foreign currency window."

    The report continued, "The promissory credit, which constitute the letters of guarantee greater part of it, they are in many cases letters courtesy of relatives, friends and companies that contribute to or members of the board of directors participate in a clear or hidden," indicating that "when Taatlki in the implementation of projects seek some of the style of marketing the delay in payment of letters of guarantee contrary to the provisions of Article 290 of the trade Act No. 30 of 1984 ".

    The Central Bank of Iraq has issued on 19 March 2017 a circular to all private banks to abide by the standards to meet the sale of foreign currencies, noting that the task of the international audit companies that have been contracted to assess the financial position and asset quality of the banks ".anthy 1


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    Lobo
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    • Post n°3

    The Central Bank reveals a scandal for commercial banks Empty Re: The Central Bank reveals a scandal for commercial banks

    Post by Lobo Mon 15 Jan 2018, 12:14 pm

    Thanks Rocky, photo shows two different hands - someone has a quick wit, showing a "slight of hand" in money laundering.
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    • Post n°4

    The Central Bank reveals a scandal for commercial banks Empty Re: The Central Bank reveals a scandal for commercial banks

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