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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


    Specialists are counting on the government and private banks in the reconstruction of infrastructure

    Rocky
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    • Post n°1

    Specialists are counting on the government and private banks in the reconstruction of infrastructure Empty Specialists are counting on the government and private banks in the reconstruction of infrastructure

    Post by Rocky Thu 06 Oct 2016, 5:39 am

    [size=37]Specialists are counting on the government and private banks in the reconstruction of infrastructure in Iraq[/size]


    Baghdad Journal News , a 
    number of specialists stressed that the government and private banks play an important role in moving the market and ages of the areas affected by the war with the terrorist organization Daesh through the granting of loans to citizens to start their own projects and the reconstruction of their homes and their shops damaged.
    Iraqi banking system consists according to the website of the Central Bank of Iraq of 45 banks between the government and private foreign and deployed throughout the country.
    He said banking expert Mohammed al-Rubaie's (Journal News), said that "banks can play an important role in the process of rebuilding the country from the military operations taking place in the west and north of the country through the granting of loans to the citizens," adding that "the central bank's decision to grant loans to industry, housing and agriculture sectors and will play a very important role to move the market, especially after the launch of its own website. "
    He noted that "the Iraqi banking sector is good because it has suffered in the last periods of the siege and cut off from the world and this is what the impact on his work, but today's private banks are using modern technology and has continued with the foreign banks known," stressing that "the Iraqi banking sector suffered a campaign of unfair throughout the period years due to talk of some politicians and some distant figures from reality. "
    On the other hand, an economist Salam Ismail told (Journal News), said that "the Iraqi banking sector has achieved some success in the recent period in the fight against money laundering and reduce the smuggling of currency now and can play an important role in the process of achieving the government's reforms," ​​adding that the "to provide loans to the citizens and the benefits of realistic will reflect positively on the country's economy."
    He pointed out that "private banks could launch loans for citizens to move the market and support the poor through small loans, especially to the poor ratio currently stands at 10 million people and this is very significant because of the circumstances that have passed on the country and the displacement of nearly four million from conflict zones."
    And that "the Iraqi economy through the recession now where in 2014 he was signed by the first Sdmtin drop in oil prices and the second out of a large area of ​​control, which is reflected in the increased spending, especially the military," stressing that "the country plays a big role.
    On the other hand, executive director of the Association of private banks, Tariq Ali said, "The private banks met some time ago with the reconstruction of liberated areas of fund regulation Daesh and collected more than one billion dinars to support the Fund and the establishment of the Conference for the reconstruction of liberated areas."
    He stressed that "the auction of foreign currency window of a legal case legislated Iraqi law, the central bank and watched and can any bank to enter into force by offering securities to the central bank, and more criticism of the participating banks is not unfounded and lacks the documents, and that calls for a reduction foreign currency sold in the window needs to ease imports because the country imports very formidable and we saw that when the central bank cut its sales daily in the window to $ 75 million reflected negatively on the market where the dollar rose about 25%. "
    He noted that "the abolition of dollar selling window is illogical and untrue and would cause a huge rise in the dollar, because the central bank's goal of this procedure to provide the dinar to the Ministry of Finance, which received oil money in the currency of the dollar and the significant financial obligations in dinars, including staff salaries and the state's needs saving, but it was the implementation of the letters of credit instead of selling the currency to take quite a bit especially as it will protect the hard currency and will make the country's intervention with real goods. "
    The governor of the Iraqi Central Bank, on the Keywords, confirmed that several factors affected the banking sector, including the security and political situation, he said, adding that some foreign banks refused to deal with Iraqi banks, pointing out that 77% of the money supply located outside the banking system.
    Keywords and said, "There are external factors that have affected the financial and banking sector of Iraq, including people's awareness of security and political stability and the irresponsible statements of some officials and experts, the money that has made some foreign banks not to deal with Iraqi banks," pointing out that "five Iraqi banks have problems with customers and the central bank is trying hard to solve, and in a matter of months the banks that are unable to continue to come out of the banking business. "
    And that "there is a rebellion by some banks customers to repay their loans to banks, and this phenomenon is very serious and must be addressed by all means," noting that "the payments system in the Central Bank is one of the best systems in the world are currently being reviewed to him by the World Bank."
    He noted that "77% of the money supply in the possession of citizens in their homes, that is, outside the banking system, which shows that the percentage of beneficiaries of the banking system amounting to 10% of Iraq's population," pointing out that "large cluster of cash held by citizens has to be entered to the banking system in order to expand the work of banks and operates the workforce and increase services ".anthy

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