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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


    Central Bank declares its readiness to pay farmers dues

    Rocky
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    Rocky
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    • Post n°1

    Central Bank declares its readiness to pay farmers dues Empty Central Bank declares its readiness to pay farmers dues

    Post by Rocky Wed 03 Aug 2016, 4:22 am

    Central Bank declares its readiness to pay farmers dues


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    The central bank made public on Wednesday his willingness to liquidate treasury bonds to pay off the dues of farmers.
    According to a statement to inform the bank, he said that "the bank is ready to liquefaction own treasury bonds to pay farmers dues while issuance of the Ministry of Finance"

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    Rocky
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    • Post n°2

    Central Bank declares its readiness to pay farmers dues Empty The central bank stands ready to "liquidate" special entitlements farmers Treasury bonds

    Post by Rocky Thu 04 Aug 2016, 7:32 am

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    The central bank stands ready to "liquidate" special entitlements farmers Treasury bonds


     Baghdad / Ibrahim Ibrahim 

    It showed the Iraqi Central Bank, on Wednesday, his willingness to "liquidate" Treasury bonds to pay off the dues of farmers while issued by the Ministry of Finance. The CBI announced that the commercial bank bought remittances treasury $ 400 billion dinars, economists stressed that Treasury bonds are considered a solution in real time to the government but it is the new debt. 

    The Committee on Agriculture representative revealed, in the 28th of July 2016, its intention to adopt aresolution of parliament obliging the government to pay dues peasants within ten days, while threatened toquestion the officials in the Ministry of Finance and the Central Bank on the delayed payment of arrears since 2014. 
    he said the Iraqi Central Bank, said in a statement the "long" received a copy of it, " the Bank declares itsreadiness to liquefy the Treasury for payment of farmers ' dues bonds while issued by the Ministry of Finance. " The bank said a statement that " the commercial bank bought through public auction conducted by thecentral bank on behalf of the Ministry of Finance remittances treasury $ 400 billion dinars , " noting that "for the transfer of 364 days." 
    And the central bank through his statement that " the commercial bank bought a full transfer and the highest price , "explaining that" the number of participants in the auction was the only one. " in 
    turn, economist Mohammed Abdul Latif Al - Ani said in an interview for the " long "," the purchase of thecentral bank of government treasury bonds is a good step to tackle the financial liquidity that the government suffered a crisis for nearly two years. " 
    He added that" sold national bonds by the government characterized by a high level of security being guaranteed by the government and financial institutions, especially the Ministry of Finance, in addition to thatthey are held as collateral for financing, and a yield of financial rewarding and fixed a specific duration of time not exceed three years. " 
    among al - Ani said" the federal government has developed a plan to pay off their debts vessels through bonds that characterized as "high liquidity" because of the possibility of selling them at any time through theCentral Bank of Iraq, and what does not affect the interest accrues on the retention period writ firming price to the local market variables. " He noted economist that " the national debt is an investment for the various financial institutions , government and private such as banks and bodies retirement tool and social security because it owns large cash liquidity can be invested in a legal and honest to buy bonds from the government."
    He said al - Ani said "bonds issued by the federal government represents a solution in real time to repay debt owed, it was a new borrowing process will raise the internal debt of the state the size and increase the burden of servicing the public debt in the future, as well as it would lead to the reduction of excess liquidity in banks, which will raise the cost of deposits, and it will reflect negatively on the government banks work in thefuture. " 
    He continued " the government is directing funds foreign loans according to specific plans include thestrengthening of internal resources provides a real opportunity to recycle oil imports are refreshing thedomestic market suffering from paralysis as a result of the lack of government liquidity." 
    the Central Bank of Iraq was considered an independent bank under the law issued on March 6 , 2004 and it is responsible for maintaining price stability and the implementation of monetary policy and the management of foreign reserves and the issuance of currency management, and regulate the banking sector to promote acompetitive and stable financial system.
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