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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


    Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative

    Rocky
    Rocky
    Rocky
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    Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative Empty Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative

    Post by Rocky Mon 24 Sep 2018, 3:06 pm

    Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative


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    The governor of the Central Bank of Iraq, on Monday, the need to activate the initiative of the Central Bank of Iraq to finance small and medium enterprises, which aims to revitalize the economic cycle in the country. 
    The banking adviser to the Association of Iraqi private banks, Samir Nusairi said in an interview with "Economy News", "The Governor of the Central Bank addressed during the regular meeting with banks on the need to activate the initiative to finance small and medium projects, which aims to revitalize the economic cycle of the country, Governmental and private development ". 
    He added that "the Central Bank called for a meeting on Thursday, 27/9/2018 at the headquarters of the Central Bank to discuss ways to activate loans to finance small and medium-sized projects in light of the experience of banks in lending and reconsider the rates of interest approved and stimulated by the increase in the number of loans granted to these projects."
    He pointed out that "banks call for giving flexibility in the identification of sectors and projects and reconsider some of the conditions and instructions governing the mechanisms of lending."
     

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    Rocky
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    Posts : 281267
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    • Post n°2

    Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative Empty Central Bank to revive SME initiative

    Post by Rocky Wed 26 Sep 2018, 3:24 am

    Central Bank to revive SME initiative
       

    26/9/2018 12:00 am 

    Revitalizing the labor market and activating the economic cycle
    Baghdad / Shukran al-Fatlawi 
    The Governor of the Central Bank of Iraq d. On the need to activate the initiative of the Central Bank of Iraq to finance small and medium enterprises, which aims to stimulate the labor market and activate the economic cycle in the country. 
    The banking adviser of the Association of Iraqi Private Banks Samir Nusairi said: "The Governor of the Central Bank addressed during the regular meeting with banks the need to activate the initiative to finance small and medium projects aimed at revitalizing the economic cycle of the country, as well as the contribution of the Iraqi banking sector, both government and private development. Trillion dinars The Central Bank of Iraq had been granted 6 trillions dinars as a payment to help the government in its financial crisis and the development of the economy, including 5 trillion sector loans include housing loans, agricultural and industrial and also a trillion dinars for medium and small projects and is earmarked for private banks.

    He added that "the central bank discussed yesterday the ways to activate the financing of small and medium-sized projects in light of the experience of banks in lending and reconsider the rates of interest approved and stimulate them to increase the number of loans granted to these projects." 
    He pointed out that "banks call for giving flexibility in the identification of sectors and projects and reconsider some of the conditions and instructions governing the mechanisms of lending." The local market , said a member of the Iraqi National Business Council Haitham Bolani, "Tracer of the reality of the local market indicates the operation of a number of small and medium-sized productive projects in some economic joints."

    He pointed out that "the revival of national production starts from the small and medium enterprises that have already begun in Iraq during the last period, albeit in relative terms, because the entrepreneurs relied on financing their own projects, and in solving the small and medium loans, it is different and becomes a significant expansion in the process  
    Productivity". Production process , adding that " the local labor market in dire need of small and medium loans that are reviving the productive process of the country 's key," pointing out that "thousands of plant and projects stalled due to lack of funding helps to rotate the output wheel."

    He stressed that "banks are required to work to contribute effectively in achieving a high flow in making loans are moving towards real projects, achieving economic feasibility of the national economy and the family economy alike," and these projects contribute to contain unemployment and stimulate the local market, through the provision of employment opportunities Directly within projects and others indirectly in the sectors that[You must be registered and logged in to see this link.] system">support them and supply markets. "  Dairy products Bolani stressed that" the detailed import of dairy products requires allocations exceeded one billion and 300 million dollars, at a time we can provide this amount to the state treasury, when the establishment of medium and small projects to produce Dairy Breached the country. "


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