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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


5 posters

    The new approach to banking reform strategy for the years 2016-2020

    Rocky
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    • Post n°1

    The new approach to banking reform strategy for the years 2016-2020 Empty The new approach to banking reform strategy for the years 2016-2020

    Post by Rocky Mon 02 May 2016, 6:03 am

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    2016/05/02 | 13:10

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News special CBI launched its strategy for the years 2016 to 2020 in conjunction with the calls for fundamental and comprehensive change issued by the Prime Minister and the House of Representatives and the political blocs to form a new government of technocrats disagree everyone views different from the specifications and competencies of view minister Almarjoyen. what concerns us Kmokhtchin economic affairs and banking is what new mechanisms and policies that could be adopted by the central bank andgovernment and private banks and relevant authorities with regard to the banking reform , according to a method fundamental change desired for the Iraqi economy in the next phase, which constitutes the banking sector and thefirst core in which the ring. The central bank 's strategy has identified and painted the way for reform of the banking accordance with the following main objectives: ( 1 ) support and achieve financial stability. 2. activate the role offinancial institutions and the banking sector. 3. The organizational structure and the organizational structure development. 4. human capital development. 5. activation and integration internal and external relationships. Since these strategic goals has been to identify the time period their applications to five years to achieve the 23 sub -goal is derived based on the achievement of financial stability and the stability of the financial system and uncles financial inclusion and access to institutional reform and structural banking sector in Iraq. but through analysis of the mechanics and points of action for achieving the above objectives note that the strategy has set clear priorities to achieve reform and certainly that these Protozoa been diagnosed in light of the challenges faced by the banking sector due to the severe economic and financial crisis that has plagued Iraq currently own reasons and objectivity displayed but no need to be restated. , where It can be diagnosed priorities of the suffering of the banking sector, which requires the Central Bank of Iraq and the relevant government agencies to draw and to develop mechanisms and procedures addressed during the year 2016 and not to wait for five years to come , which are as follows: 1. re citizens and customers in the banking sector of Iraq, particularly the private banks ' confidence. 2 work to increase the proportion of savings in the banks to the proportion of compactness outside banks reaching saving 23 ratio and compactness 77. 3. completion of the structural and technical foundations controlled proactive. 4. establishment of institutions and the issuance of guarantee deposits and credit laws. 5. review and evaluate theresults of the banks and re - classified by international companies supported. identify weak banks that need theintervention of the Central Bank of Iraq to restore its activity and bankruptcy protection. 6. assist and support thebanks , which have been hurt in the provinces income Daash. 7. addressing sell the currency window and try to find alternatives instead and leave altogether. 8. strengthen the central bank in the financing of small and medium enterprises initiatives and contribute to the revitalization of the economic cycle and the diversification of thegeneral budget for 2016 resources. therefore , for the purpose of making a fundamental change to the method of the banking reform as stated strategy in accordance with the insight into the priorities and challenges facing the Iraqi banking sector suggest the implementation and application visions and ideas of the following: first, the central bank to study and analyze the reality of the government and private banks by reviewing, evaluating and rating these banks based on their financial statements and the results of its operations for 2015 and the adoption of anevaluation indicators and clear and based to force banks and international law and standards. and assigned to a specialized team in financial analysis and Thdedmaeijer efficient performance of the banks in all areas of banking administrative and banking and credit work and prefers that this team is international independent and impartial ,keeping in mind the results of the US assessment of the 2013 and 2014 system. identify banks that continue towork in the banking sector or not, banks that are proposed combined with Other banks in order to increase theefficiency of their work and to change the current departments departments specialized and efficient and develop the work of the good and discreet banks and help them to continue to work within the Iraqi banking sector within the safe and proper considering contexts that the banking sector is the foundation of the national economy.Second , the Central Bank of Iraq full control and supervision of the banking movement in Iraq by focusing on theelectronic pre - emptive censorship office and field and a programmer and outline and identify irregularities and lapses and excesses of the executive management of bank and take corrective action , and sometimes a deterrent after giving them the time necessary and sufficient to correct and reform .othml legal responsibility of the board ofDirectors and Executive management and specific and clear. Third - the application of the Council of the Iraqi Central Bank Directors ' decision on controls the nomination of board members and staff leaders in the banking and focus on professional competence and functional integrity and personal reputation and commercial expertise specialist. Fourth - restructuring of State - owned banks and work to be privatized in accordance with the memorandum signed with the World Bank with a focus on its contribution with some discreet banks in the private banking sector , and by no more than 25 that these banks are run with the mentality of the market economy and issubject to the supervision of the Audit Court and take thoughtful of the founding of the Bank for development and investment steps involved capitalizing the state by no more than 25 and is managed by the private banking sector and holds the state direction and control that accounts for the control and scrutiny of Supreme audit subject. Fifth: - the Central Bank of Iraq to reconsider its policy for control of monetary policy, specifically its mechanisms and tools related to maintaining the Iraqi dinar exchange rate against foreign currencies and this requires the study of the subject of an auction and sell the currency and the bank to secure the Iraqi dinar to the Ministry of Finance and the possibility of financial role and dealing in foreign currency do .oatba style of documentary credits instead of foreign remittances currently approved in order to preserve the integrity of the foreign exchange. Sixth: theestablishment of a deposit insurance company and credit guarantee what makes the bank contributes to the supervision and participation in the management and prevention of risks. Seventh: activate and develop thepromotion and financing of small and medium enterprises with development and economic feasibility and toachieve the goal of reducing unemployment and without the complexity of monetary measures and make theimplementation process is one of the approved evaluation criteria for banks to 2016 Eighth initiative: the central bank to form an advisory committee in conjunction with the Association of banks, experts and advisers economists and bankers sector Special offers advice and expertise to the board of Directors of the Bank and the competent circles and before important decisions monetary policy industry and its impact on the economic situation inimplementation of the recommendations of the third Iraqi banking conference held at the end of 2015. Samir Abbas Alnasiri researcher and economist
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    wciappetta
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    • Post n°2

    The new approach to banking reform strategy for the years 2016-2020 Empty Re: The new approach to banking reform strategy for the years 2016-2020

    Post by wciappetta Mon 02 May 2016, 6:22 am

    which requires the Central Bank of Iraq and the relevant government agencies to draw and to develop mechanisms and procedures addressed during the year 2016 and not to wait for five years to come , which are as follows: 1. re citizens and customers in the banking sector of Iraq, particularly the private banks ' confidence. 2 work to increase the proportion of savings in the banks to the proportion of compactness outside banks reaching saving 23 ratio and compactness 77. 3. completion of the structural and technical foundations controlled proactive. 4. establishment of institutions and the issuance of guarantee deposits and credit laws. 5. review and evaluate theresults of the banks and re - classified by international companies supported. identify weak banks that need theintervention of the Central Bank of Iraq to restore its activity and bankruptcy protection. 6. assist and support thebanks , which have been hurt in the provinces income Daash. 7. addressing sell the currency window and try to find alternatives instead and leave altogether.


    Calling for now ...and I believe that is the  plan as well... when the auction ends the forex begins and with that the revaluation


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    mochasmom
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    • Post n°3

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    Post by mochasmom Mon 02 May 2016, 10:38 am

    I like now, 2016, and not 5 yrs. Thanks Rocky and Ward
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    sassy
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    • Post n°4

    The new approach to banking reform strategy for the years 2016-2020 Empty Re: The new approach to banking reform strategy for the years 2016-2020

    Post by sassy Mon 02 May 2016, 11:30 am

    thumbs2
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    Lobo
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    • Post n°5

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    Post by Lobo Mon 02 May 2016, 2:16 pm

    Don't forget what the IMF said last year, that Iraq would be a market economy the first half of this year.  The IMF doesn't just say things, this timing has been planned and it will be interesting to see how the IMF and CBI orchestrate this revalue of the dinar.
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    mochasmom
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    • Post n°6

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    Post by mochasmom Mon 02 May 2016, 2:47 pm

    Hate to tell u but they have said this before and never happened...along with many other things. If iraq is not ready, again, it cant happen.  Will they be ready, not holding my breath anymore
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    Lobo
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    • Post n°7

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    Post by Lobo Mon 02 May 2016, 2:55 pm

    Thanks, I didn't know the IMF had said that before.
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