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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


    Central Bank confirms Corona led to an increase in bad debt by 18%

    Rocky
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    • Post n°1

    Central Bank confirms Corona led to an increase in bad debt by 18% Empty Central Bank confirms Corona led to an increase in bad debt by 18%

    Post by Rocky Sun 21 Mar 2021, 11:03 am

    [You must be registered and logged in to see this link.]Economie
    Central Bank confirms Corona led to an increase in bad debt by 18%
    [You must be registered and logged in to see this link.]On 3/21/2021 - 6:17 PM 67
    The Central Bank of Iraq confirmed, on Sunday, that bad debts increased by 18% due to the outbreak of the Corona virus in 2020.
    The Central Bank stated in a statement that “Al Ahed News” received a copy of it, that “its governor, Mustafa Ghaleb, is scary, he participated in the symposium“ The impact of Covid 19 on institutions. Financial, "organized by the Iraqi Private Banks Association, along with the Governor of the Central Bank of Jordan, Ziyad Fariz, the President of the Bahrain Association of Banks, Adnan Yousef, and the President of the Iraqi Private Banks Association, Wadih Al-Handal, which was attended by a number of Iraqi and Arab specialists and experts." 
    “The Central Bank of Iraq has taken a series of measures to confront the effects of the Corona virus on the economy,” he stressed in his intervention, indicating that the pandemic has led to an increase in bad debts by 18% during the year 2020, which requires taking treatments that simulate the data of the Iraqi reality, especially security and legal. .
    He explained, "Changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability as a result of the high volume of foreign reserves and the strengthening of public finances, which increases the reliability of investors, lower production costs, increased competitiveness of local goods, and the balance of payments balance through a decrease in the volume of foreign imports."
    The governor stressed that the biggest challenge is to reinvest the revenues generated from the process of lowering the exchange rate, which should contribute to building a production base outside the oil sector to act as a financial lever for the Iraqi economy and rid it of the problem of a single financial resource. 
    On the other hand, the head of the Iraqi Private Banks Association, Wadih Al-Handal, said, “The Central Bank of Iraq has taken effective steps to confront the impact of the Coronavirus, including donations to [You must be registered and logged in to see this link.] the health sector, delay payment of loan installments, reduce interest, and increase loans to move the economy to all small, medium and large enterprises in addition to Home Loans ”. 
    He stressed that the Iraqi banking sector has taken a series of measures that alleviated the problems that faced its dealers, explaining that the Association of Private Banks is working with the Central Bank to develop the banking sector.
    This symposium comes in light of the international and local endeavor to find effective solutions that can [You must be registered and logged in to see this link.] the various sectors to contribute to sustainable development


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    Rocky
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    • Post n°2

    Central Bank confirms Corona led to an increase in bad debt by 18% Empty CBI: Corona raises debt by 18% during 2020

    Post by Rocky Sun 21 Mar 2021, 11:10 am

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    • Today, 



    The Governor of the Central Bank of Iraq announced that the Corona pandemic has led to a rise debts by 18% during the year 2020, which requires taking treatments that simulate the data of reality.
    In a statement received by the Iraqi News Agency (INA), the Central Bank of Iraq stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, is terrifying. He participated in a symposium on the impact of Covid 19 on financial institutions, organized by the Iraqi Private Banks Association, along with the Governor of the Central Bank of Jordan Ziad Fariz and the President The Bahrain Association of Banks Adnan Youssef and the head of the Iraqi Private Banks Association, Wadih Al-Handal, which was attended by a number of Iraqi and Arab specialists and experts, "noting that" this symposium comes in light of the international and local endeavor to find effective solutions that can [You must be registered and logged in to see this link.] the various sectors to contribute to sustainable development. " .
    According to the statement, fearsome said, "The Central Bank of Iraq has taken a series of measures to confront the effects of the Corona virus on the economy," noting that "the pandemic has led to an increase in bad debts by 18% during the year 2020, which requires taking treatments that simulate the data of the Iraqi reality, especially security and legal."
    He pointed out that "changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability as a result of the high volume of foreign reserves and the strengthening of public finances, which increases the reliability of investors, lower production costs, increased competitiveness of domestic goods and the balance of payments balance through a decrease in the volume of foreign imports."

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