[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.] | |
Economy News / Agencies ... Financial adviser to Iraqi Prime Minister emphasized the appearance of Mohammed Saleh, a strong political will on the Iraqi government to restructure state banks, and formed a committee headed by the governor of the central bank on the Keywords, and there is a sub-committee to follow up the issue of restructuring began working with the World Bank, which has given us a road map of the four stages. He noted during a seminar held by «Institute of the progress of the development policy», to the existence of «the will between the blocks to restructure the banks, and the first phase of the plan check bank accounts, and the second the establishment of the company were also preparing Moisntin, one graphic and realistic clean, while the third step is governance management through supplement State-owned banks international experts to create a homogeneous banking market, while the fourth step they return capital restructuring of the Rafidain and Rasheed, and this stage must be completed within 18 months ». He stressed «the need for a legal restructuring to unite the visions of banking and restoring the banks and give strength to the boards of directors of government banks qualify to enter into the banking market». He said: «The banking sector consists of seven large banks account for 91 percent of banking assets and about 86 percent of the deposits of the banking system, and the formation in government deposits amounted to 65 trillion dinars (about US $ 55 billion) as of the end of 2015.45 trillion of them The government deposits and 19 trillion and deposits of eligibility, including 10 trillion dinars, the bank Rafidain and Rasheed, and 9 trillion in private banks ». Saleh added that «capital and reserves of sound relative to the assets in the budget amounting to only 2 percent, and coincide with the global context in terms of shape and look as if our banks live current modern globalization. The private banks, are still living conditions of the 19th century. » He explained that «the liquidity of sovereign government is the support of government banks, which means that the investments are in government funds itself through Treasury transfers, so the amount of capital relative to the investments about 34 percent, while the cash credit amounts worth 36 trillion dinars 0.29 trillion, including the State-owned banks to go to money-losing companies borrowed or salaries formula for state employees or self and others, and this is about 50 percent, while the 50 remaining bars for liquidity surplus, as is the case in the Rasheed Bank, where the 80 percent, which means that it loses, and there are 7 trillions in private banks. » He pointed out that «the problem is that the government borrows from the money because there is no true system shows the direction of government money flows and their uses». He spoke in favor of good governance to separate ownership from management and the application of accountability and transparency, and «this can not be easily achieved because the work is a sound mechanism, led to disable the boards of directors due to the intervention of ministries in the work of banks». The former Planning Minister Mehdi al-Hafez said that «the failure of the Iraqi banking sector reached a level has become a serious problem must be addressed by the concerned economic reform». He explained that «the World Bank issued an important report years ago on the recommendation of the Ministry of Finance and the Central Bank, the financial situation in Iraq, and showed that the banking situation is the weakest link in Iraq». He added: «The report recommended the restructuring and to secure equal treatment of the sectors of government and private banks, and regret not taking any procedures or treatments to restructure the banks, even in the framework of the government program does not find a clear vision for the revision of the banking development and enable them to support the private sector». Prime «Iraqi National Business Council» David Abdul Zayer and stressed that «the last budget announced by the Rafidain Bank amounted to 125 trillion dinars, a fanciful figure exceeds the state budget, and we all know that this figure is not accurate.» He explained that «there is suspicion and doubts about the government banks, and therefore should not implicate the new administrations of these problems must stop work pending the audit of a global company», adding that «77 percent of the local currency outside the banking system, and this represents the death of the banking system certification Iraqi because the rest is a government deposits. » Zayer and stressed that «the fight against corruption starts from the local currency to enter the banking system», calling for «e-dinar issued by Rasheed Bank and the Rafidain only and government levies, it will help us to achieve a great leap in banking policy». [You must be registered and logged in to see this link.] |
Yesterday at 7:07 am by Rocky
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
Yesterday at 7:07 am by Rocky
» Details of the American role in preventing Iraq from obtaining a Russian air defense system
Yesterday at 7:02 am by Rocky
» MP gives details on the repercussions of the theft of the century and the leaked recording of Hanoun
Yesterday at 7:01 am by Rocky
» MP warns of US ambassador's moves
Yesterday at 7:00 am by Rocky
» Government stresses the need to develop the air transport sector in Iraq
Yesterday at 6:57 am by Rocky
» Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to t
Yesterday at 6:55 am by Rocky
» The Central Bank announces a 15.7% decline in Iraqi exports in the first quarter of this year
Yesterday at 6:53 am by Rocky
» Parliamentary condition for passing the amnesty law.. Who are those covered by the fight against ter
Yesterday at 6:50 am by Rocky
» Al-Sudani confirms the government's intention to purchase services from investors
Yesterday at 6:49 am by Rocky
» In preparation for Al-Sudani's visit... Formation of a high committee in Diyala - Urgent
Yesterday at 6:47 am by Rocky
» The first customs point after the "yellow" between the region and the federation in Diyala
Yesterday at 6:45 am by Rocky
» Misfortunes never come singly.. 15% tax on Facebook in Iraq
Yesterday at 6:44 am by Rocky
» After being almost free... the increase in government transaction fees angers citizens
Yesterday at 6:40 am by Rocky
» Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand
Yesterday at 5:20 am by Rocky
» Customs: AI to enhance risk management in imports
Yesterday at 5:18 am by Rocky
» Ministry of Foreign Affairs through development: It will be a safe corridor for the transport of goo
Yesterday at 5:17 am by Rocky
» Government plans to impose 15% tax on social media sites
Yesterday at 5:16 am by Rocky
» Low prices.. Parliamentary demands to open the land distribution file to officials
Yesterday at 5:15 am by Rocky
» Parliamentary Finance: Securing Employee Salaries for the Years 2024-2025
Yesterday at 5:14 am by Rocky
» 85% of foreign workers in Iraq have “no useful skills”.. This is what they earn annually
Yesterday at 5:12 am by Rocky
» Foreign labor!
Yesterday at 5:11 am by Rocky
» 100 new investment opportunities
Yesterday at 5:10 am by Rocky
» Expatriate workers transfer $2 billion abroad annually
Yesterday at 5:09 am by Rocky
» Al Sabah Finance Committee: The government has developed a plan to increase financial resources to s
Yesterday at 5:08 am by Rocky
» Water Supply Project in Nineveh Plain
Yesterday at 5:06 am by Rocky
» November.. Iraq offers 100 investment opportunities
Yesterday at 5:05 am by Rocky
» Tips to avoid electronic theft
Yesterday at 5:03 am by Rocky
» Trends towards establishing digital banks
Yesterday at 5:01 am by Rocky
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
Yesterday at 4:58 am by Rocky
» Investment Authority: Egyptian companies wish to partner in implementing the development road
Yesterday at 4:57 am by Rocky
» Cryptocurrencies suffer losses of more than 2%
Yesterday at 4:56 am by Rocky
» Slight decrease in dollar exchange rates in Baghdad, Basra and Erbil
Yesterday at 4:54 am by Rocky
» Minister of Electricity to Nina: We have maintained the system without any outage and we will adopt
Yesterday at 4:53 am by Rocky
» American report monitors Turkish-Iranian competition in Iraq
Yesterday at 4:52 am by Rocky
» “Interrogation” is almost absent from the fifth session of Parliament.. The absence of the “Presiden
Yesterday at 4:50 am by Rocky
» After Pezeshkian's visit... Will Iraq help isolated Iran lead a new regional alliance?
Yesterday at 4:49 am by Rocky
» Al-Sudani: Continuing the policy of appointment in the government sector is something the state cann
Yesterday at 4:48 am by Rocky
» After 21 years of change.. Challenges and complications threaten Iraq's democracy
Yesterday at 4:45 am by Rocky
» Severe imprisonment for the director of the customs center at Al-Shaib border crossing in Maysan for
Yesterday at 4:44 am by Rocky
» Planning: The numbering and inventory process will continue until the end of next month
Yesterday at 4:43 am by Rocky
» Baghdad Operations talks about the entry of building materials into the regions
Yesterday at 4:41 am by Rocky
» Basra employees demand salary scale adjustment and threaten to close city entrances and exits
Yesterday at 4:39 am by Rocky
» On the International Day of Democracy, UNESCO sends a message to Iraq
Yesterday at 4:37 am by Rocky
» This is what happened between Al-Sudani and Al-Sadr
Yesterday at 4:36 am by Rocky
» Parliamentary Finance Committee: Employees’ salaries are secured for this year and next year even if
Yesterday at 4:34 am by Rocky
» Parliament awaits a session full of disputes after the inclusion of three controversial laws
Yesterday at 4:32 am by Rocky
» Who is responsible for the entry of building materials into agricultural and residential areas?
Yesterday at 4:30 am by Rocky
» Tax on "social media" to secure funds.. Parliamentary Finance Committee reveals the number of months
Yesterday at 4:28 am by Rocky
» 85% of foreign workers in Iraq have “no useful skills”...and they steal more than $2 billion annuall
Yesterday at 4:26 am by Rocky
» What is the fate of the development road project?
Yesterday at 4:25 am by Rocky
» List of dollar exchange rates in Iraq
Yesterday at 4:23 am by Rocky
» Investigation into the file of renting the Baghdad Airport garage.. Its rental value is not commensu
Yesterday at 4:22 am by Rocky
» shots fired around Trumps golf course while he was playing golf about 2:15 cst today 9/15/24 accordi
Sun 15 Sep 2024, 2:26 pm by Rocky
» utube 9/12/24 MM&C Iraqi Dinar-#iraqdinar-#xrp-Baghdad-Kurdistan-Historical Meetings-Global Attent
Sun 15 Sep 2024, 7:12 am by Rocky
» Government Advisor: E-Governance Application Contributed to Protecting Public Money and Reducing Cor
Sun 15 Sep 2024, 7:07 am by Rocky
» At the forefront of which is the Minister of Oil...the wheel of interrogations in Parliament returns
Sun 15 Sep 2024, 7:04 am by Rocky
» Iraq and UNAMI discuss mechanisms for implementing Security Council Resolution 2732
Sun 15 Sep 2024, 7:01 am by Rocky
» Mr. Al-Hakim: Agriculture can make us independent of oil and reduce dependence on the rentier state
Sun 15 Sep 2024, 6:59 am by Rocky
» Algeria establishes a foothold in Iraq's electricity sector
Sun 15 Sep 2024, 6:59 am by Rocky
» Ministerial amendments and strengthening the reform program: Al-Sudani’s steps to confront crises
Sun 15 Sep 2024, 6:54 am by Rocky
» Economist: The free mass is estimated at 70 trillion dinars and can be invested electronically
Sun 15 Sep 2024, 6:51 am by Rocky
» Electricity announces that all its stations will be put under maintenance
Sun 15 Sep 2024, 6:47 am by Rocky
» Iraq exports more than two million tons of oil derivatives in 3 months
Sun 15 Sep 2024, 5:26 am by Rocky
» Chairman of the Private Banks Association: We have registered more than 13 million accounts and we s
Sun 15 Sep 2024, 5:22 am by Rocky
» Government Advisor: These are ways to enhance the great development in the digital payments system i
Sun 15 Sep 2024, 5:18 am by Rocky
» Economic Center Calls on the Government to Restructure Airlines and Separate Them from Transportatio
Sun 15 Sep 2024, 5:16 am by Rocky
» Al-Sudani: The quadripartite agreement between Iraq, Türkiye, Qatar and the Emirates constitutes the
Sun 15 Sep 2024, 5:15 am by Rocky
» Real Estate Bank terminates the assignment of its main branch manager upon his request
Sun 15 Sep 2024, 5:14 am by Rocky
» Iraq's oil exports to America rose last week
Sun 15 Sep 2024, 5:12 am by Rocky
» Jordan's imports of Iraqi oil decreased by (42%)
Sun 15 Sep 2024, 5:11 am by Rocky
» Revealing the most important files that were resolved by the federal government delegation during it
Sun 15 Sep 2024, 5:07 am by Rocky
» Tensions are over and goods will be available.. A Kurdish economic view of Pezeshkian’s visit to Erb
Sun 15 Sep 2024, 5:06 am by Rocky
» MP: Al-Sudani bears responsibility for obstructing the laws that he withdrew from Parliament
Sun 15 Sep 2024, 5:03 am by Rocky
» Al-Sudani snatches the "stay" card from the angry "framework"... and the dispute between them intens
Sun 15 Sep 2024, 5:02 am by Rocky
» Al-Sudani: The Iraqi state cannot continue its policy of appointment in the government sector
Sun 15 Sep 2024, 5:00 am by Rocky
» Delaying salaries.. Warnings of a “crisis” after two months and the government reassures
Sun 15 Sep 2024, 4:59 am by Rocky
» Investment Authority: Opportunities to be presented at the Iraq Forum have completed sectoral approv
Sun 15 Sep 2024, 4:57 am by Rocky
» Agriculture clarifies controls on the movement of poultry and its products between governorates
Sun 15 Sep 2024, 4:56 am by Rocky
» Religious scholars in Kurdistan: Passing the amendment to the Iraqi Personal Status Law will have ba
Sun 15 Sep 2024, 4:55 am by Rocky
» Al-Saabari: Amending the Personal Status Law has become a popular demand
Sun 15 Sep 2024, 4:54 am by Rocky
» Baghdad-Ankara Military Agreement... The Terms Go Beyond the Limits!
Sun 15 Sep 2024, 4:53 am by Rocky
» Association of Banks: Financial inclusion in Iraq increased by 48.5% during the current year
Sun 15 Sep 2024, 4:52 am by Rocky
» Arab Monetary Fund: We are working with Iraq to build national financial strategies
Sun 15 Sep 2024, 4:51 am by Rocky
» Prime Minister: We have developed a government program that addresses the real concerns of citizens
Sun 15 Sep 2024, 4:50 am by Rocky
» Al-Alaq: 70 digital banks have applied to the Central Bank for a license
Sun 15 Sep 2024, 4:48 am by Rocky
» Highlights of Al-Sudani's meeting with Basra dignitaries and farmers
Sun 15 Sep 2024, 4:46 am by Rocky
» Al-Sudani: The path of development will transform Iraq into an open country
Sun 15 Sep 2024, 4:45 am by Rocky
» Halbousi angry about equipping the Peshmerga with artillery
Sun 15 Sep 2024, 4:43 am by Rocky
» Iraq prepares for the upcoming Arab summit
Sun 15 Sep 2024, 4:42 am by Rocky
» Iraq imports fruits and vegetables worth $35 million
Sun 15 Sep 2024, 4:41 am by Rocky
» Economic Center Calls on the Government to Restructure and Separate Iraqi Airways from the Ministry
Sun 15 Sep 2024, 4:38 am by Rocky
» Alsumaria Newsletter: Controversy over laws, deterioration of Baghdad services, and changes in the R
Sun 15 Sep 2024, 4:37 am by Rocky
» Oil Minister suffers health problems in the United States
Sun 15 Sep 2024, 4:35 am by Rocky
» New York Times: Iraq may receive an Israeli strike... and Baghdad has abandoned its balance
Sun 15 Sep 2024, 4:33 am by Rocky
» The dollar continues to rise.. Learn about the exchange rates in the Iraqi markets
Sun 15 Sep 2024, 4:31 am by Rocky
» 1000 signatures on the table of 4 parliamentary committees to amend the “Access to Information Law”
Sun 15 Sep 2024, 4:30 am by Rocky
» “Money for survival”: Al-Saihoud: Al-Sudani prevented the economics of the parties, so they turned a
Sat 14 Sep 2024, 6:54 am by Rocky
» Iraqi banks are in crisis: structural imbalance, double taxation and deep corruption
Sat 14 Sep 2024, 6:51 am by Rocky