Home
[size=35][size=35]Economist warns of 'danger', takes aim at central bank: Banks are evaluated by 1970s standard[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2024-08-13 | 11:23
[You must be registered and logged in to see this image.]
[/size]
3,406 views
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
Hantoush told Sumaria News, "Iraqi banks are evaluated by the Central Bank of Iraq according to the (camels) standard, which is the standard of the seventies of the last century, so we find weakness in the banking operations of the Iraqi banking sector because the Central Bank's standard does not give it importance in the evaluation," stressing the need to "adopt a modern standard that focuses on (deposits - loans - investments - electronic payment)."
He pointed out that "the Iraqi banking sector is almost at a standstill, and work and profits are confined to a number of banks (owned by foreign owners) supported by their countries and governors of their central banks," considering that "these banks pose a threat to the Iraqi economy and their liquidity position is ambiguous."
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[/size]
Alsumaria Special
[size][size][You must be registered and logged in to see this link.][/size]
2024-08-13 | 11:23
[You must be registered and logged in to see this image.]
[/size]
3,406 views
Economic expert Mustafa Hantoush warned today, Tuesday, of a danger to the Iraqi economy caused by foreign banks inside the country, while he pointed out that the Central Bank evaluates local banks according to the "seventies standard."
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
Hantoush told Sumaria News, "Iraqi banks are evaluated by the Central Bank of Iraq according to the (camels) standard, which is the standard of the seventies of the last century, so we find weakness in the banking operations of the Iraqi banking sector because the Central Bank's standard does not give it importance in the evaluation," stressing the need to "adopt a modern standard that focuses on (deposits - loans - investments - electronic payment)."
He pointed out that "the Iraqi banking sector is almost at a standstill, and work and profits are confined to a number of banks (owned by foreign owners) supported by their countries and governors of their central banks," considering that "these banks pose a threat to the Iraqi economy and their liquidity position is ambiguous."
[You must be registered and logged in to see this link.]
» Even CNN's Erin Burnett shocked by unearthed evidence of Kamala Harris' radicalism: 'She supports th
» Potential for Abuse’: Kamala’s Debate Prep With Lead Google Attorney Sets Off Alarm Bells
» utube 9/9/24 MM&C Iraq Dinar-Central Bank-#Iraqidinar #exchangerate #iraqidinarexchangerate Baghda
» ͏MM&C 9/924 The parallel market will be upended.. Sources: Expected decisions from the Central B
» utube 9/10/24 MM&C IQD Update-Iraq Dinar-#iraqidinar-#xrpIraq Reconciling-Unif
» Iraq's "King of the Dollar" to the forefront and money smuggling under the American microscope
» Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep s
» The government is looking for taxes but cannot find any.. Iraq will face financial pressure in 2025
» Parliamentary Finance: Electronic payment achieved 7 gains and prevented the smuggling of money outs
» Baghdad and Erbil agree on several points regarding taxes, customs and salaries
» Are the amendments to the Anti-Narcotics Law enough to curb the phenomenon?
» Call to Break the Silence on Corruption: Separation of Powers and Promoting Human Rights
» Parliamentary committee intends to submit its report on the government evaluation next week
» Al-Sudani's government faces a difficult test: Falling oil prices threaten to cut salaries
» Iraqi state banks account for 88% of banking sector investments
» Iraq's financial revenues exceed 77 trillion dinars in 7 months of 2024
» Iraq: We closed 77 headquarters of the Iranian Kurdish opposition and handed over their weapons to t
» "Currency Auction" .. Central Bank of Iraq's sales rise to more than $ 258 million
» Investment Authority: Iraq’s entry into the New York and Singapore agreements achieves its transitio
» Special for the Development Road.. Transportation: A ministerial meeting in Baghdad includes Iraq an
» Minister of Electricity: Combined cycle projects will save the state $3 billion annually
» The Gulf Cooperation Council confirms the continuation of the electrical interconnection project wit
» Government stresses the importance of following up on the collection of electricity consumption fees
» Dana Gas: Pearl Petroleum sues Khor Mor field contractor for cost recovery
» Chairman of the Integrity Commission: Iraq advances four ranks in the classification of the most cor
» Rafidain Bank identifies three advantages of electronic payment systems
» The Iraqi Economic Observatory reveals the volume of Iraq's exports during the past month of August
» During 2023.. Cryptocurrency fraud and scams increase by 45%
» Iraq expects financial crisis in 2025 as oil prices fall
» A source in the Iranian presidency reveals to “Al-Sabah” the agenda of Pezeshkian’s visit to Iraq
» Residential lands for educators in developed and serviced areas
» Government prepares to launch first digital knowledge platform
» Masrour Barzani discusses joint cooperation with the Governor of the Central Bank
» The Communications and Media Commission is looking into settling debts and fines owed by Korek Telec
» Pentagon: We continue security cooperation talks with Iraq
» Transparency International: We appreciate the Iraqi government's measures to combat corruption
» The Companies Registration Department issues a notice to its auditors
» US court orders Iraqi ports to pay $120 million to Cypriot company
» Parliamentary Security Committee proposes two options to end the "Turkish incursion" and a proposal
» Parliamentary letter to the US Embassy regarding personal status amendments: Do not interfere, "Your
» Defense and Foreign Ministry issue humanitarian appeal regarding remains of missing Kuwaitis
» Results of the meeting of the Ministerial Council for Economy in Erbil
» Economist blames central bank for dollar's rise: Confused decisions
» Kurdish proposal to end the "crisis" of Kurdistan employees' salaries initially
» Ministerial reshuffle: “non-serious” talk dependent on “appeasement”
» Labor completes procedures for launching the 43rd batch of soft loans
» The Collapse Has Begun... 8 Revelations About the Truth About Iraq's Economy
» Coordination Framework: We strongly support the government and Al-Sudani, and his success is our suc
» Parliamentarian: The Parliamentary Evaluation Committee completed its report and determined who dese
» Barzani to US Ambassador: Erbil-Baghdad talks are going very positively
» Integrity: 5 severe prison sentences issued to the director of a government bank in Diyala
» Conflicts over ending the international coalition’s missions in Iraq.. Will Washington’s forces with
» Civil Status suspends electronic reservation system to obtain national card
» Minister of Electricity stresses the importance of following up on the collection of consumption fee
» Including stores, shops, pharmacies, clinics and all civil activities in electronic payment
» Has the Kurdistan Regional Government agreed with Baghdad on the distribution of salaries?
» President of the Federal Court: Iraq has made very big strides in the field of building democracy an
» President of the Federal Court: Iraq has made very big strides in the field of building democracy an
» The President of the Supreme Judicial Council receives the international investigation team UNITAD
» 7 real gains achieved after the entry into force of electronic payment
» Hours and he will land in Baghdad.. What files does Pezeshkian carry on his first foreign visit as p
» At the top of which are economic projects in Basra.. Iranian ambassador reveals the agenda of Pezesh
» The rise in the dollar exchange rate in Iraq.. This is the list
» After the recent agreements... Is America serious about ending the military presence in Iraq?
» Failure to install meters.. Baghdad Council restores the monthly pricing system for generators
» Integrity Commission calls on Transparency International to open a branch in Iraq
» 30 years of rule and influence.. The arrest of the Governor of the Central Bank of Lebanon is a “ser
» utube 9/7/24 MM&C Iraq Dinar-#Iraqidinar-#XRP-Open MarkOperations-OMO-Currenc
» Expected Amendment: Framework Divided Over Future of Election Law
» Iraq Deports UNITAD: The Hidden Conflict Between Justice and Politics
» MP accuses foreign companies of polluting water and environment in Basra
» Leader in the framework: American attempts to obstruct the amendment of the Personal Status Law
» MP demands public trial for those accused of stealing the century
» Kirkuk: Vegetable and fruit traders complain about high prices due to Mosul and Khanaqin taxes
» The judiciary suspends 7 guarantors for the accused Nour Zuhair and Haitham Al-Jubouri and sets a ne
» We are heading towards financial fragility.. How did the new appointments affect the budget?
» Parliamentary Finance Committee reveals its efforts to increase non-oil revenues and activate collec
» Barzani to Al-Alaq: The number of registered individuals in the “My Account” banking project has exc
» Iraq cuts crude oil sales prices to Europe
» Communications: Significant increase in the index of booking postal boxes via the electronic platfor
» Government for all
» Al-Sudani: Our determination to build Iraq will not weaken
» Today.. Baghdad hosts a conference on oil projects
» Building 23 international schools in Babylon
» Launching the electronic payment service for import licenses
» Memorandum of Understanding between the Environment and the Region in the field of mines
» Al-Anbaky announces tax exemptions for various groups
» Sound tax policy
» Investing in the country's geographical location is a starting point for achieving sustainable devel
» Agricultural Bank launches the service of obtaining loans through the electronic platform
» Communications and Media Commission: Launching the hashtag #PopulationCensus-PillarofDevelopment
» In the presence of the Minister of Labor.. The Iraqi Economic Ministerial Council holds a meeting in
» Coordination Framework reveals developments in electing new parliament speaker
» MP sets date for first Iraqi province to abandon imported electricity
» Baghdad Council threatens "violators": Generator owners exploit citizens
» Reconstruction: Road and infrastructure services in Baghdad are not our responsibility and our proje
» Analysis: US press reports are a “maneuver” and messages to Iraqi factions
» Parliamentary request to end the assignment of Al-Alaq and Al-Masoudi and re-draw the Hajj pilgrims