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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


    Central Bank seeks to amend the three laws important job banks

    Rocky
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    Central Bank seeks to amend the three laws important job banks Empty Central Bank seeks to amend the three laws important job banks

    Post by Rocky Mon 25 Nov 2013, 3:03 am

    Central Bank seeks to amend the three laws important job banks




     
        11/24/2013 - 14:26 | Source:          


       Hussein gesture, Ammar al-Ani  
     
     
     
    Governor of the Central Bank and the Agency Abdel Basset Turki
     
     
         Alsumaria News / Baghdad 
    Central Bank of Iraq on Sunday, he is seeking to amend the three laws important to the work of banks in Iraq, pointing out that he is preparing a plan of economic development that will promote the economic reality of Iraq.said Bank Governor Abdul-Basit Turki said in an interview for "Alsumaria News "on the sidelines of a workshop held by the bank in the Palestine Hotel on amending its law and banking law and the law against money laundering," The Bank is seeking through his workshop current to re-examine three important laws of interest to the work of banks in Iraq, the Central Bank Act and the Banking Act and civil law against laundering money. "added Turki that "the importance of this amendment come to address all the problems and problematic shortage of laws that limit the activity of banks and developmental role, in addition to the Central Bank's role in managing the economy," noting that "the bank is preparing a plan of economic development that will promote economic reality of Iraq. " He Turkish that "there are some problems that limit the work of banks in Iraq, including Article 28 of the Banking Act Iraqi No. 94 of 2004," noting that "the time has come to put the decision amends the article in accordance with the controls and mechanisms available to the Central Bank" . continued Turkish that "the International Monetary Fund drew central banks to play a developmental role in addition to the Bank's work in the monetary policy of their countries," pointing out that "the central bank took this directive, which is preparing a plan of economic development that will promote the economic reality of Iraq." is Banking Act No. 94 of 2004 in general, laws advanced in the world, but it has abounded notes about this law of bodies covered, due to the lack of clarity of its articles some circumstances raised, prompting a large number of banks claim the need to be modified to keep pace with development processes that the international banks. Article 28 of the Banking Act "may not be any bank to exercise or participate as an agent, partner, or owner, wholesale trade or singular or manufacturing processes, transport or agriculture or fisheries or mining or building or re-insurance, or any activity or other work unauthorized. mention that in spite of the proliferation of private banks in Iraq, which amounted to more than 30 banks, but the banks did not play a pivotal role in the process of economic development in Iraq because of the small banks in addition to the move away governmental institutions to deal with it because of the reluctance of Some private banks in their work.



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    Rocky
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    Central Bank seeks to amend the three laws important job banks Empty Re: Central Bank seeks to amend the three laws important job banks

    Post by Rocky Mon 25 Nov 2013, 3:04 am

    Central Bank: We seek to amend the banking laws and go to play a developmental role for the economy




    Author: ASJ, NF
    Editor: HH, NF
    11/24/2013 11:40


    Long-Presse / Baghdad

    The Central Bank of Iraq, on Sunday, seeking to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.

    The governor of the Central Bank and the Agency Abdel Basset Turki said in his speech during the first sessions of the workshop organized by the bank to modify the legal environment of banking in the Palestine Hotel, the center of Baghdad, and was attended by (long-Presse), "Since we receive the responsibility of the central bank discussed with the competent legal possibility of amending laws banking, which came after the occupation, according to the exceptional circumstances in order to develop and make it fit with the current banking business. "

    The Turkish "We do not hide the existence of obstacles facing the work of banks, including Article 28 of the Law of private banks, so it is time to put the decision amends the article in accordance with the rules and mechanisms available to the central", noting that "the workshop, which was held in the presence of a professor and specialists qualified affairs, financial and legal, will certainly have an appropriate role and vital to present their ideas behind them, which contributes to amend those laws. "

    The Turkish that "the central bank is heading now to amend the law on money laundering, as is the case with other countries that are looking with experts the possibility of the development of the law," pointing out that "in the 25th of the month of November this, there will be an international conference to be held in Bahrain in order to stand on the main obstacles facing the law and the possibility of putting a new version agree all the controls and mechanisms of all nations. "

    He Turkish that "the International Monetary Fund and in the last meeting in Geneva face of central banks to play a developmental role and not only stay on the organization of the financial policy of their countries," stressing that "the central bank actually taking this guidance, which is preparing a plan of economic development that will promote the reality Economic Iraq

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