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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 action keeps the money of depositors and shareholders

    Rocky
    Rocky
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    Posts : 278330
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    • Post n°1

    Central action keeps the money of depositors and shareholders Empty Central action keeps the money of depositors and shareholders

    Post by Rocky Mon 25 Aug 2014, 5:27 pm

    Central action keeps the money of depositors and shareholders

    8/26/2014 0:00

    Two experts confirm the success of monetary policy in evaluating the performance of banks

    BAGHDAD - Hussein al-Tamimi Tgb

    Adoption of the foundations of financial discreet in the management of the monetary sector represents the most important steps to achieve economic development, this was confirmed by (experts in economic affairs), departing from the mechanisms adopted by the Central Bank of Iraq to address the problems witnessed by the financial sector previously, They confirmed the existence of steps adopted by the Central cemented its program of work.

    Break the monopoly

    Economic expert Fares al-Rubaie pointed out that the central bank's measures adopted boosted the prestige of the private banking sector, for its role in maintaining the capital of depositors and investors, pointing out that the most prominent steps adopted by the central break the monopoly of remittances to buy the dollar, by giving greater opportunity for private banks and remittance companies financial and banking companies to participate in the auction currency.

    Streamlined sales

    He added in an interview for the "morning" to tighten control over the auction sale of the currency (dollar) and remittances is positive, especially that accompanied the mechanism did not disrupt the flow of the sale and availability of hard currency in the local markets, indicating the importance of initiating Central to make the members of the boards of directors of private banks are law-abiding, especially They Ikhrkonh of ignorance, adding that this measure is a calendar for the work of the private banking sector.

    Legal ways

    He pointed out that the central support various legal ways to keep the money of depositors and shareholders, indicating the presence of high cadres of expertise working on the follow-up mechanisms to keep the money in spite of the many variables facing their work, and so we can say that the spirit of the law applied in these procedures.

    He noted that despite the inter measures adopted by the central to his work, but he has not lived up to the level of ambition, stressing the importance of that going efforts of the Central Botaúr mounting, through human capacity building fortified and the development of units and structures in line with the newness and the evolution of the crimes banking and corporate law (banking companies to contribute).

    Rubaie called to reconsider the legislation governing the legal private banking business, especially as the capital of private banks exceeded the barrier of 300 billion dinars, as well as the expansion of local banks to prepare and entry of branches of regional and international banks.

    Achievement of the Millennium

    The banking expert Samir protagonist has confirmed that the follower of the stages through which applications of monetary policy in Iraq after the Iraqi Central Bank Law 56 of 2004 and the Banking Act 94 of 2004 it became clear that the CBI has succeeded in achieving the goals central to monetary policy in the stability of the monetary system and the face inflationary waves after the significant improvement in the exchange rate of the Iraqi dinar.

    Interest rate

    He said the building's reserves of foreign currency led to building the foundations of a solid in maintaining the building economic stability and external open a wide range of investment as the positive role played by the interest rate in reducing hyperinflation annual basis in 2006 to about 5.6 percent in 2012 as well identify the phenomenon of dollarization and Almdharbh.ofatt that the CBI has succeeded in maintaining its independence and through Astqraúna and our analysis of the reality of the monetary policy and the experience of previous years, we hope the Board of Directors of the CBI study the proposals for the development and modification of some episodes of monetary policy currently applied and thus contributing to the restructuring and Repair the private banking sector and enhance the role of banks to move from the role of financial intermediation to the developmental role which constitutes a strategic modified for monetary policy currently adopted policies and treatments proposed and required to repair the banking for the next phase outlining a new strategy for the banking sector for the next five years.

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