Profits up to 22% .. Iranian banks attract the Iraqi capital to support Altoman
06/26/2016
06/26/2016
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[rtl]BAGHDAD / JD / .. sees a number of experts and specialists in the financial and economic affairs, the reason for the Iraqi asylum from the owners of money and investors capital to deposit their money and invest in the neighboring and regional countries, especially Iran, due to the absence of effective guarantees to local banks and procedures routine complex led to the reluctance of citizens deposit their money, noting that the Iranian banks have begun to attract the Iraqi capital by granting facilities and the imposition of high profits totaling more than 22%, to support the Iranian currency (Altoman) that suffer from instability due to the economic crisis in Tehran.[/rtl]
[rtl]He says economic expert Abdul Hassan al-Shammari, said that "Iran has managed to put certain mechanisms for the withdrawal of the Iraqi foreign exchange and gave a very significant benefits in excess of 22%, where it benefits from hard currency on the grounds that she was in the siege before the nuclear agreement with the countries of five-plus-one ratio." .[/rtl]
[rtl]He said al-Shammari told / KD / The proportion of Iranian banks guarantees for Iraqis who deposit their money 100%, and profits as well as guaranteed, as well as the conditions laid down by the easy and affordable so that Iraq can withdraw his money monthly or quarterly or semi-annual or per year, "noting that" Iran benefit Mnzlk on the grounds that it attracts the dollar and its transformation into Altoman, therefore it exposed the money to the losses from time to time because the Iranian currency suffered in the last period of fluctuation and volatility in the price due to the economic blockade imposed on Tehran recently, these are all factors in Iran helped to attract Foreign funds to be deposited in their banks, and there is no crippling condition even possible to deposit the money on behalf of the owner of the money and not on behalf of another person. "[/rtl]
[rtl]He noted that the Iraqi private banks is a big mistake committed four years ago, where the citizens and let his money where but when he wanted to withdrawn He can not, because those banks transfer funds deposited them out of Iraq, there is the cash which it can recover the money there, plus that those banks are snapped a dollar of citizens and at the market price in 1350 dinars, and when retrieving the rerun of the Iraqi dinar and the price official of the Central Bank amounting to 1190 dinars, which led to the reluctance of citizens to deposit their money in local banks, "pointing out that" the government banks where financial corruption and the administrator of a large When are bidding farewell to the money can not be withdrawn without paying a bribe and therefore the citizen will be subjected to a loss These are all factors that led to a reluctance to invest in the interior of the country and the migration of Iraqi funds abroad. "[/rtl]
[rtl]Shammari said that "Iraqi law is clear and explicit, but the imbalance in the instructions and procedures for banks, calling on the central bank's policy to re-tighten the instructions and supervision on the Iraqi banks to attract domestic capital."[/rtl]
[rtl]For its part, the Finance Committee attributed the reluctance of Iraqis to deposit their money in local banks and the use of state to Mtabdlh lack of trust between the citizen and the banks and there are no guarantees capable to restore the money or profits.[/rtl]
[rtl]A member of the committee MP Ahmed Sarhan told / KD / that there are shortcomings by the government and central bank support in local banks in terms of issuing instructions and encourage citizens and those with money on deposit there.[/rtl]
[rtl]He said the government rather than it encourages the deposit funds are borrowing money and the withdrawal of large amounts of public banks that disrupted the work of these banks, this indicates the confusion experienced by the Iraqi economy, calling for an end to the migration of Iraqi funds abroad and not to invest at home, "./ ended / 8 /[/rtl]
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