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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

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    Economist: Iraq lacks clear banking policy

    Rocky
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    • Post n°1

    Economist: Iraq lacks clear banking policy Empty Economist: Iraq lacks clear banking policy

    Post by Rocky Tue 16 Oct 2018, 3:00 am

    Economist: Iraq lacks clear banking policy

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    Abdul - Hussein Al - Mundhary

    An economist said Iraq's lack of a clear banking policy is moving the banking sector and activating its work. "There is a lack of harmony between the fiscal and monetary policy in Iraq, which is worrying, especially since the economic sector is very important and is the lifeline," 
    said economist Abdul Hussein al-Manzheri in a press statement. 
    He added that: "Prior to 2003, banks were preparing their annual plans and send them to the Central Bank, which in turn studied and then approved for the banks to implement them, and is to monitor the implementation for a full year, and this is not happening now. 
    Al-Manzari pointed out that "the Council of Experts in the Ministry of Finance is the one who activates the work of banks and gives guidance and instructions to banks, and in turn the central bank directs instructions to government and private banks, which is responsible for its work."
    He explained the economic expert: "The government banks take the banking operations by between 85 to 90 percent of the general activity, while the proportion of the contribution of private banks between 10 to 15 percent." 
    //Mother

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