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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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    Specialists claim to develop the work of the private banking sector in Iraq Jawad Ghraoui Saturday

    Rocky
    Rocky
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    Specialists claim to develop the work of the private banking sector in Iraq Jawad Ghraoui Saturday  Empty Specialists claim to develop the work of the private banking sector in Iraq Jawad Ghraoui Saturday

    Post by Rocky Sun Jan 26, 2014 4:34 pm

    Specialists claim to develop the work of the private banking sector in Iraq Jawad Ghraoui Saturday




    01/25/2014
    Called specialize in the banking business to the development of the private banking sector through the enactment of new laws that will promote this important sector and to allow him to participate in the development process and expand the circle of economic activity.
    The economist said Mohammed owner Aqeeli that "Iraq's economy is still Rieia depends mainly on oil imports, which makes the economy is in constant danger in the event of experienced oil prices to big shocks," calling on the government to "make way for the private banking sector to contribute to the improvement of the GNP for the country. "
    He added that "the private banking sector is still suffering from setbacks big," stressing "the lack of economic strategy and clearly defined the banking business," calling on the government to allow the private sector to open letters of credit with banks of the world, "adding that" the Iraqi private banks seeking to find ways to expand the circle of activity to provide banking services but they collide with obstacles laws and red tape and bureaucracy ugly in dealing with the institutions of the state. "
    It is said that statistics and the Iraqi Ministry of Planning show that the contribution of the private sector in the state budget ranging between 3% and 7%, a percentage is, according to expert opinion is very weak, compared to the role of this sector in the budgets of some countries which up to about 90% in developed countries industrially.
    For his part, said a member of the Economic Committee in the House of Representatives MP Aziz Mayahi that "the investment by the private banks in Iraq is moving in the right direction in order to serve the interests of investors and the interests of the private banks."
    He Mayahi that "the central bank supports private banks and encourage them to invest," he said, adding that "profit rates in the countries of the world are ratios is very simple compared to net profit of banks in Iraq, should the central bank to support private banks to reduce the rates of profits enabling citizens to invest his money" .
    Meanwhile, a banking Omid Muhammad that he "must be shared with the private banking sector in the financing of public infrastructure projects, including contributing to the achievement of economic development in Iraq."
    He added that "the banking sector in Iraq lacks the technological global banking and has a big problem in the use of electronic banking services, especially in ensuring that encryption as a new service."
    He added that "the government is required to develop a strategic plan to develop the work of the banking sector through the training of cadres in human abroad and strengthen cooperation to deal with Arab and regional banks for the advancement of the banking sector."

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