Established in 2006 as a Community of Reality

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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


    $ 36 billion savings Iraqis in their homes

    Rocky
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    • Post n°1

    $ 36 billion savings Iraqis in their homes Empty $ 36 billion savings Iraqis in their homes

    Post by Rocky Sun 19 Jun 2016, 10:07 am

    $ 36 billion savings Iraqis in their homes



    Central»: to guarantee deposits with a capital of 100 billion dinars company 
    Baghdad morning 's New: 
    Iraqi economic circles expected the return of citizens to deposit their savings in banks, after the central bank 'sdecision to establish to guarantee deposits in thegovernment and private banks with a capital of 100 billion dinars ($ 85 million), and it promised to move the stage ofsalvation for banks experiencing liquidity squeeze, leading to severe weakness in the overall performance of the sector. 
    in contrast, experts predicted the banks get the task of monetary mass of total cash funds in store Iraqi citizens, which is estimated at between 30 and 40 trillion dinars (36.1 billion dollars). 
    He described economists decision «Central» as significant in connection with the need to encourage people to deposit their money in banks after the break prevailed in the relationship between the two sides, after the banks to fulfill their obligations have failed as a result ofmismanagement, corruption and lack of the necessary guarantees for citizens to regain their deposits, and stressed that the decision to activation of the founding of the company to guarantee bank deposits will move domestic production wheel and revitalize the Iraqi market. 
    the economist said Bassem Jamil Antoine, in an interview carried by the «life» international on its website, on the impact of the decision on economic activity , he said that the current financial crisis and the lag suffered by banks and lack of liquidity , produced a significant negative consequences for the public life of the country , especially in the economic side. 
    Antoine predicted that contribute to activating the decision to pay the required efforts made ​​by thebanks in large monetary mass transfer has to investment block, not savings, pointing out that theamounts in store citizens and investors an estimated 77 percent of the funds can be used to activate investment , especially after the new amendments to the investment Law No. 13 of 2006 and make it commensurate with the reality of the country, because it would open a window of revenue instead of relying on a single source in the conduct of economic activities. 
    he added that attracting masses of cash saved the country from external borrowing and its consequences and keeps interest within the country and reflects positively on the citizen, with afocus on the bloc to employ them in investment issues, not consumer. 
    the central bank issued a statement pointed out that the banks will put a certain percentage of thedeposit the company so as to ensure pay depositors in case of bank 's inability or being liquidated.
    the statement added that it will encourage people to deposit their money in banks rather than saved in the home, pointing out that the money outside the banking system exceeds 30 trillion dinars. 
    the executive director of «Iraqi private banks association» Ali Tariq said in a statement, that thebuilding of an effective banking sector in Iraq requires the positive interaction between the citizen and the banks that falls upon themselves to support the national economy and its financing, noting that this interaction is waiting deposit guarantee which guarantees the rights of depositors company. 
    He pointed banking expert Mohammad Ali Jaber, that the citizen who intended private banks to deposit the money must be reassured and confident in them they were investing in the right direction and that there is protection for the money which can be moved in a continuous form without problems.


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