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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


    3 trillion dinars was re-employed in the banking sector

    day dreamer
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    • Post n°1

    3 trillion dinars was re-employed in the banking sector Empty 3 trillion dinars was re-employed in the banking sector

    Post by day dreamer Fri 14 Aug 2015, 11:29 pm

    3 trillion dinars was re-employed in the banking sector

         
     
     8/15/2015 0:00


         BAGHDAD - Mostafa Hashemi
         Achieved the implementation of a monetary policy tools, represented by auction remittances, by the Central Bank to redirect the amount of about 3 trillion dinars in the track planned by withdrawing liquidity from non-banking sectors and redirected to the banks for the purpose of launching loans and grants advances as well as other banking business.

    The aim of selling money orders to the central cluster of cash outside the banking sector absorption, transformation and direct them to the banking system for the intervention in credits granted by banks to serve the country's economy and contribute actively in the development process and service economy of Iraq.
    In this context, economic researcher verse just said: that the central bank regulates the well auctions to sell Hawwalath of the 91-day amount emissivity 200 billion dinars for the purpose of withdrawing the money supply of non-bank to return to the banking sector in order to support the financing of different projects and investments carried out by a number of companies or citizens, because of cash in circulation in the cash market 35 trillion dinars, and this amount is too large, according to economist d.     Hilal Taan.
    According to statistics, the "morning", the total What sold the bank in an auction Hawwalath amounted to about two billion and 749 billion and 74 million dinars, up to August 4 within his plan assessments for the sale of more than 5 trillion dinars through the establishment of 26 auction remittances this year as completed, including sixteen auction so far     and the rate of auctions in each month except last March and September next Monthly, which is scheduled to witness the establishment of three auctions to sell money orders.
    She pointed out that the economic researcher buy money orders by the relevant government circles and minors retirement and Social Security is an excellent investment and risk-free drives out to play an active role in the secondary market.
    She added, is selling money orders central bank to government departments and banks, one of the monetary policy pursued by the central organizing levels of liquidity and control tools, as well as financial gain for government departments participate in these auctions through interest and discount those remittances prices.
    The central bank also sold Hawwalath to private banks and be in amounts ranging from 100 to 150 billion dinars, the duration of a week or more, and the price of a multi-utility highest discount rate stood at 5 percent a few months ago for the purpose of controlling the levels of liquidity.
    The banking expert, Dr. Essam Mahouelle said in an interview earlier "morning": that of remittances is a bond between the two due for repayment between three months and full year which leaves do not bear interest, but are sold certain to face value at a discount and give the government the relatively low interest cash compared to the price     the prevailing interest rate on bank loans because of the severity of the liquidity stemming from these cases could be deducted before the date of maturity at commercial banks. "
    The central bank last year carried 26 auction also mentioned the same value, also should be noted that remittances auction C is a uniform price auction with a nominal value of 200 billion dinars.


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