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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


    Iraq banks affected operations of state regulation

    Rocky
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    • Post n°1

    Iraq banks affected operations of state regulation Empty Iraq banks affected operations of state regulation

    Post by Rocky Sun 20 Jul 2014, 1:54 pm

    Iraq banks affected operations of state regulation



    07/20/20140




    Security crisis prompted some citizens to withdraw part of their assets in banks (Al-Jazeera)  Sees a team of economists that the value of the amounts seized by state regulation of Islamic banks does not affect the work of private banks and foreign in Iraq, while others considered it revealed the fragility of the government's protection of banking institutions. Raised the takeover regulation of the Islamic State "Daash" on the banking system in the provinces of Nineveh and Salahuddin questions about the implications of that is due out this development on the banking situation in Baghdad and other Iraqi provinces.
    The estimated value of the amounts seized by armed groups affiliated to the organization about $ 33 million, and the transfer center news for the Iraqi Media Network by state Rep. current Nineveh province Haneen Qaddo, saying that "armed groups, which controls the Mosul captured about nine billion Iraqi dinars One of the Iraqi banks in the right coast of the city of Mosul. "
    He added that the organization of the state seized 24 billion Iraqi dinars - the equivalent of about twenty million dollars - from the Rafidain Bank, the government in Baiji, north of Tikrit in Salahuddin province, also seized about six million dollars from the Agricultural Bank downtown Tikrit.

        Muhammad Ali: the amount of money that has been seized exaggerated (the island)
        Exaggerations
        In the opinion of a panel of experts that the value of these amounts do not affect the work of private banks and foreign in Iraq, while others considered it "revealed the fragility of the government's protection of banking institutions."

        The head of the Media Center Economic Dargham Muhammad Ali to talk about the money looted by state regulation as exaggerated, pointing out that it was taken was a bit due to lack of adoption of the budget, especially in government banks.

        He noted in an interview with the island revealed that the amounts seized by the organization is not the value that affect the work of private banks and foreign banks, "because those provinces were considered unsafe environment even before her events."

        And between economic expert that overall measurements of the investment environment is not measured by real-time events, but rather to see the long-term strategy, pointing out that the continued functioning of the international oil companies to invest tens of billions confirm the flip side of the positive investment environment in Iraq.

        Affected banks
        On the other end was considered a consultant for the Association of private banks d. Peace Sumaisem that control of state regulation on the number of banks in the city of Mosul, reflected negatively on the performance of banks in general, and on the performance of private banks in particular, and the confidence of citizens, whether Iraqi or foreign capabilities of the state to protect the banking system.
        Sumaisem said - in the interview of the island - that control feelings of fear, a majority of citizens was because they felt that the protection available to banks and all international facilities is to protect the fragile, and stressed that "this control has made the foreign investor and the average citizen apprehensive of deposit in banks and loses his confidence devices banking." .

        She noted that the control "Daash" on foreign banks pushed Bachirfah for some foreign companies - which came as a contribution to the branches of investment in Iraq or entered as a partner for the banks in Iraq - to the frequency and withdrawal.

        Sumaisem: feelings of fear dominated the citizens and investors (the island)
        Paralysis of the economy
        On the other hand explained banking expert on behalf of Jamil Antoine that the goal of "Islamic state" The first is the control of the Iraqi banking system.
        He stressed that he did not reach certain information - so far - from bank managers in the city of Mosul, about the size of the amounts that were present in the banks, which had been looted.

        Said Antoine of the island, said that private banks in general were not possess large sums of money in the banks of Mosul, stressing that the state regulation spoiled all systems Mosul and ways of working and trading market, paralyzing economic activity in general, but this did not affect the banking situation in Baghdad.

        He stressed that the banking system in Baghdad is still working his card and leads all of his duties, "and this shows that banks put discreet and good and work well and the confidence of its citizens still remain."

        He explained that the first days of the security crisis experienced by the country prompted some citizens to withdraw part of the balances, but they took her back and found that it is better to keep their money in banks keep with something as simple as they have.

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