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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 announces a new reform package

    Rocky
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    • Post n°1

    The Central Bank announces a new reform package Empty The Central Bank announces a new reform package

    Post by Rocky Sun 05 Mar 2023, 4:36 am

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    [size=52]The Central Bank announces a new reform package[/size]

    [size=45]Yesterday, Saturday, the Central Bank announced that the current year will witness a significant, remarkable and tangible development in the banking sector, stressing the existence of a clear commitment to the Anti-Money Laundering Law.[/size]
    [size=45]The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, that “the banking sector is witnessing clear reforms that started from the pressure of external transfers,” noting that “we are continuing reforms at all levels, and there is a reform in electronic payment.” .[/size]
    [size=45]Khalaf added, "The state's orientation in general is to use cash machines and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems." He pointed out, "The Central Bank continues in the process of reform with these challenges that direct public and private banks, which have an important role in meeting the needs of the banking sector."[/size]
    [size=45]And between Khalaf, "The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment to the law on combating money laundering for financing terrorism." Khalaf noted, "The banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any economic development and growth." He stated that "the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process."[/size]
    [size=45]Khalaf stressed that "there are extensive procedures within the powers of the Central Bank, but there is also an important aspect that falls on the ground that needs legislation, and therefore the issue of the exchange rate concerns all citizens and its stability is everyone's responsibility."[/size]
    [size=45]He noted, "The Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants."[/size]
    [size=45]Khalaf went on to say, "This meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank, listening to any challenges and overcoming all difficulties."[/size]
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