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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


    Alnasiri: calls for the central bank to activate the mechanics Strutijeth to support banks

    Rocky
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    Alnasiri: calls for the central bank to activate the mechanics Strutijeth to support banks Empty Alnasiri: calls for the central bank to activate the mechanics Strutijeth to support banks

    Post by Rocky Tue Aug 16, 2016 11:38 pm

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    2016/08/16 | 14:01

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News Baghdad The objectives of monetary policy to achieve economic growth and stability and to reduce unemployment and stabilize the prices of goods and services and the stability of exchange rates and improved balance of payments position and to achieve these goals through a direct and indirect instruments. 

    In this regard , he said banking expert and member of the World Union of Arab bankers Samir Nasiri: »in aninterview. 

    the agency economy News that the Iraqi Central Bank is currently implementing his plan for the next five years in the development of policies, programs and mechanisms work according to what you stated Bstratejath years special 2016-2020obesckl what the applications of monetary policy and means of supervision and control of theIraqi banking sector and this requires that made ​​the study of observations and suggestions are working to address the apparent gap between the financial policies of the state and monetary policies adopted by the Central Bank ofIraq and the requirements of combating inflationary pressures and reduce the current expenditure and coordination of plans and programs to achieve the rescue of the Iraqi economy from financial collapse ». 

    He urged Iraqi Central Bank to do to re - plan and future policies of cash until 2020 with confirmation of its main goal of dealing with inflation and achieve the planned growth in the contribution of the banking sector in the gross domestic Alajamali.alnasiri suggested activation of the Iraqi Central Bank's policy control over monetary policy in the private banking system to support and re considering the policies of lending and mechanisms of credit risk management in credit to small and medium loans and investment grants in productivity and investment sectors that achieve cash flow clear and revive the economic cycle so as to contribute to the economic development and diversification of financial resources of the public budget. 

    He noted the importance of the Iraqi Central Bank to reconsider studying the possibility of reducing the cap timeout law of the volume of deposits in banks and frozen with the Central Bank of Iraq without the investment, noting that the frozen funds can invest and benefit from the support of private banks and enable them to expand their investment activities and to search for new banking products also requires the development of the lending banks that the cash - strapped stifling mechanisms because of the general economic situation that Iraq is going through. 

    He called the development, support and stimulate the Iraq stock Exchange and to find the means and tools that ispushing to raise the market and companies index prices in line, assets and standard output and profits, at least definitely for the true value of stocks and to prevent speculation that harm the Iraqi assets including It does not fit the true and actual value. 

    the preferred Alnasiri the Iraqi Central Bank to reconsider the instructions for an auction of foreign currency and regulate the sale of dollar process and define the role of banks in the mediation between the customer and the central bank, in addition to determine the responsibility of the Ministry of trade, Finance and planning in theirregularities committed by some customers and not to download responsibility for banks Vqt.wachar to theimportance of establishing a fund or a private portfolio of certificates of deposit issued by banks wishing to address the deterioration of stock prices in the Iraq stock Exchange and the addition of new banking management of thecurrent investment investment climate in the market to stimulate as well as increasing the volume of bank deposits, which leads to increased investment activities in all economic sectors and then achieve positive impact for investors, pointing to the establishment of boards of directors in banks passage of strategic , operational risks and the implementation of the executive management of the bank to ensure that the operational risks associated withall types of banking products selected. 

    and provide a base of information flowing in the bank, which play an important and key role in establishing and maintaining effective framework for the management of operational risks and follow up on the extent to whichbanks and an effective system for identifying, measuring and monitoring operational risk as part of risk management. 

    He stressed to reconsider the provision for doubtful debts in accordance with the list of guiding and re - elasticities and extended extra time for banks to be able to clear the debt, which is mostly dating prior periods and most debtors have migrated outside Iraq for security reasons beyond their control and that these ratios lead to areduction in profits realized actually the result of deducting these percentages of net profit and thus affect the new investment banking activities. 

    He concluded his speech by emphasizing the restructuring of the banking sector, particularly the government banking sector and study the privatization of some of its divisions, branches and work on activating the operating banks expand and diversify their banking services especially to increase credit and investment share in a balanced way with the revenue total to become these banks effective pillar of economic growth that the move away from themonopoly of certain banking operations and the withholding of government activities and public institutions for private banks. 

    He concluded Alnasiri Speaking to the agency economy News by calling the Iraqi Central Bank to activate themechanisms for achieving the goal of developing the banking business by restoring public confidence in the banks own because of the liquidity crunch experienced by some banks. this 

    will require re - evaluation and classification of banks in the light of the financial results km in 3062016 and take remedial action The correction to save the banks from collapse and to ensure the return of customer deposits tothem as well as to ensure equity

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