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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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    Economists call for the government to develop the banking apparatus for the investment of national b

    day dreamer
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    • Post n°1

    Economists call for the government to develop the banking apparatus for the investment of national b Empty Economists call for the government to develop the banking apparatus for the investment of national b

    Post by day dreamer Wed Feb 03, 2016 3:01 am

    02/03/2016 (0:01 pm)



    [ltr]Economists call for the government to develop the banking apparatus for the investment of national bond funds [/ltr]


    [rtl] [/rtl] Baghdad / Ibrahim Ibrahim

    [ltr] Called economists, on Tuesday, the government plans to put accompaniment to the process of the sale of government bonds to invest the money withdrawn from the public in the development of infrastructure of the country, and pointed to the need to intensify campaigning for re-citizen confidence in banking institutions of the state. 
    The CBI called on the citizens to the acquisition of national bonds, which will present soon, instead of relying on "hoarding money", as he emphasized that those bonds will have "good financial benefits." 

    [rtl] [/rtl]The economist said Maytham Laibi in an interview for the "long" that "raising the deposit rate is designed to encourage the withdrawal of Moktnzac individuals and turn them into the economic cycle, which is part of the deeper goal of the state from which you want to borrow from the banking system."
    "The lack of success of the experiment due to lack of confidence in the banking system and the failure of the banking habits among individuals banking system both as well as the lack of smooth banking system and an interview could encourage individuals to deposit and withdrawal of the difficulty of the procedures and complexity in addition to the existence of cases of corruption within the Iraqi banking system."
    He Laibi that "the government will have difficulty withdrawing Moktnzac individuals, because a large fiscal deficit is beyond the ability of the local economy and the current banking system."
    He said the "idea provides financial liquidity by selling government bonds to the national banks and banks in turn require money and this money could get from Moktnzac individuals that represent a significant financial reserves outside the government treasury." 
    In turn, the economic expert on behalf of Abdul Hadi said in an interview for the "long" that "the direction of the government to put national bonds to the public is a step in the right direction to attract Moktnzac citizens and participation in overcoming the financial crisis for the country."
    He added that "a lot of the world's countries have resorted to selling bonds in conditions of economic crisis and continued long periods because of their future benefits in the recovery of the domestic market operations." 
    Abdul Hadi said that "the government's move to sell the bonds must be accompanied by an accompanying strategic plans are focused on the process of recycling funds drawn from the public and that carry specific benefits given a time, so you should invest the money in infrastructure development and to increase the efficiency of the banking system." 
    He noted that "the Iraqi financial market is limited to a certain number of companies that do not meet the large demands of the market, and warned Abdul Hadi of" the consequences of government cash to national bonds on monthly wages and salaries to employees without investing optimally what caused the collapse of the government apparatus in the near future as a result of stalled to pay the benefits of those bonds. " 
    He pointed out that "The government should intensify campaigning for re-citizen confidence in the institutions of state banking that haunt its mystery and mood in the application of laws against money citizens by demanding the withdrawal of that money after a period of deposit." 
    The governor of the central bank on the Keywords during a press conference in the Green Zone in central Baghdad, with a number of officials in economic affairs and attended (range Press), said that "national bonds would investigate citizen good financial returns," noting that "the Central Bank put interest on the bonds so that competes Foreign interest. "
    He called on citizens to "the acquisition of national bonds, which will put it soon rather than adoption of hoarding money," pointing out that "the central bank wants to bring in the interest of the citizen through internal bonds instead of resorting to launch foreign bonds." 
    The Central Bank of Iraq announced earlier, take the necessary measures to boost liquidity in the banking system, and decided to facilitate the sale of foreign currency "to sustain the exchange rate" measures. 
    The Central Bank of Iraq announced (18th of January 2015) that the financial reserve for Iraq and a half times the equivalent of the weakness of the currency bloc, returned it the "best rates" in the countries of the world. He also confirmed that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.


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