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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


    Private banks protesting the judicial proceedings

    Rocky
    Rocky
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    Posts : 271978
    Join date : 2012-12-21

    Private banks protesting the judicial proceedings Empty Private banks protesting the judicial proceedings

    Post by Rocky Thu 30 May 2013, 7:13 am

    Private banks protesting the judicial proceedings




    Thursday, 30 May 2013 09:52.



    Appealed to the Association of private banks in Iraq government to intervene to solve the crisis of emergency call the heads of boards of directors, and managers of Commissioners for private banks as defendants to appear before the competent court to investigate the integrity of the issues without the knowledge of the bank responsible for any of the Iraqi Central Bank.



    She Association said in a statement that the banking community of surprised this Call, which it described as precedent, arguing that the procedure is legal, especially because it lacks the means regular in accusations and communications professional does not take into account the importance of the sites against it and its vital role in the functioning of the economic activity in the markets in particular and Iraq in general, which needs stability to business development.



    The statement stressed that these actions adversely affect the citizen through disrupting the stability of the market and which in turn affects the economy, pointing out that private banks are facilities only continued to work through difficult circumstances and challenges, sticking in turn stems from a sense of responsibility to maintain the stability of the market, and succeeded in stopping the repercussions of many threatened political and economic stability.



    The number of private banks and branches of foreign banks operating in Iraq has reached 42 banks with a network of over 500 branches, and employs about 12 thousand people, also exceeded their capital and reserves of eight trillion dinars (seven billion dollars) in mid-year, and runs from the private sector deposits of about 10 trillion dinars.



    The statement added that private banks are using sophisticated banking systems and was able to spread in the world through a network of correspondents that exchange with banking transactions, which stressed the return of the Iraqi banking system to the global market after a long absence. The dollar has risen recently in the local market to 1300 dinars from 1220 dinars in mid-March last year, representing a decrease not seen Iraq for more than two years, while the official price of the dollar today, according to the "central", is a 1166 dinars, which means that the currency fell more than 11 percent, which led to a rise in prices of many commodities.

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