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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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    Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the

    Rocky
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    Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the Empty Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the

    Post by Rocky Sun 06 Nov 2022, 5:28 am

    Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the banking sector

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    Economy News-Baghdad
    The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, said, on Sunday, that the wide and distinguished participation of the Central Bank of Iraq, the Association of Iraqi Private Banks, government and private banks, and the Tamkeen Fund, which is supervised and managed by the Central Bank of Iraq and the Association in the 46th session of the Baghdad International Fair enhances confidence in the Iraqi banking sector and strengthens relations Economic and banking relations with foreign countries and Arab countries, especially the Gulf countries, and thus these relations will contribute to joint cooperation and the creation of solid correspondent banks for international banking, where 12 countries and 363 Arab, foreign and Iraqi companies participate in all disciplines and fields.
    The broad and active participation of banks in the activities of the Baghdad International Fair comes with a distinguished presence of the Association and authorized managers and their attempt to promote the services, banking products and modern technical services provided by banks at the present time, in particular the provision of financing loans to finance small, medium and housing projects within the initiative of the Central Bank to allocate 18 trillion dinars to revitalize the economic cycle Stimulating the economy, reducing the unemployment rate for graduates and those with professions and crafts, achieving the societal goal of the banking sector, as well as motivating the public to go to save in banks and reduce hoarding in homes and in unsafe places “with the aim of raising the percentage of financial inclusion, which rose during this year to 33.5%.
    He noted that "the public's visit to the wings of the participating banks and to see the banks' plans, procedures and services will contribute greatly to restoring confidence in them, as they are solid national financial institutions, and their deposits in them will be guaranteed by law, especially since the Deposit Insurance Company has begun its work."
    Al-Nusairi called on the concerned government authorities and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers regarding supporting private banks and creating a state of balance between the volume of deposits in government banks and the volume of deposits in private banks, which currently constitute only 13% of the total deposits. Concerned with settling salaries for employees in banks with the aim of increasing the ability of banks to grant cash credit of all kinds, in addition to involving the leaders and experts of the Egyptian sector in making economic decisions related to the banking sector and their participation in official delegations and joint committees for economic cooperation with countries of the world because without a sound banking sector it is not possible to build an economy A healthy country."

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    Added 11/06/2022 - 12:45 PM
    Update 11/06/2022 - 2:27 PM


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