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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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    The Central Bank postpones the collection of interest on granted loans until the end of 2024

    Rocky
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    The Central Bank postpones the collection of interest on granted loans until the end of 2024 Empty The Central Bank postpones the collection of interest on granted loans until the end of 2024

    Post by Rocky Sat 10 Dec 2022, 5:34 am

    The Central Bank postpones the collection of interest on granted loans until the end of 2024

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    Economy News-Baghdad
    The Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed today, Saturday, that the economic recovery in the country begins with the private sector, while indicating that the bank decided to postpone the collection of loans granted to industrial and agricultural projects until the end of the year 2024.
    In a speech during the celebration of the founding of the Central Bank of Iraq on its (75th) anniversary, Makhaif said, "The Central Bank has worked to establish balanced relations with international banking and financial institutions," noting that "the performance of the Central Bank of Iraq has been distinguished for more than seven decades in that it has always been He should be at a sufficient distance from politics and its repercussions, powers and fluctuations.
    He added, "The financial management of the state still believes that the Central Bank of Iraq is the bond and backer for it and other state institutions," noting, "After 2003, the new central bank law was issued, as its independence was clearly established."
    "We now have a system to supervise the banking sector, based on the legal provisions contained in the Central Bank and Banking Laws. Since 2004, we have started planning to establish advanced payment systems and gradually shift to digitization," Makhaif explained.
    And he continued, "Central banks represent the largest repositories of financial and banking expertise, and consulting centers for their governments," pointing out that "we decided to postpone the collection of loans granted from the funds of our initiative on industrial and agricultural projects until the end of 2024."
    The governor of the Central Bank stated, "We believe that priority strategic projects such as roads and railways are the keys to success in development," adding that "relying on state agencies to repair existing roads or construct new ones is unrealistic, and we suggest that investors be resorted to in return for traffic fees that do not burden." its users.”
    And between, "We see that development takes place by stimulating targeting the less developed regions and groups and to reduce pressure on government jobs, which requires expediting the adoption of social security laws," stressing that "the economic recovery in the country begins with the private sector."
    "We see the importance of enhancing non-oil resources by automating the customs and tax sector and unifying border crossings," Makhaif concluded.

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    Added 12/10/2022 - 12:03 PM
    Updated 10/12/2022 - 2:33 PM


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