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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


    Iraqi banking sector needs re-evaluation and classification

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Iraqi banking sector needs re-evaluation and classification Empty Iraqi banking sector needs re-evaluation and classification

    Post by Rocky Mon 10 Oct 2016, 6:58 am

    Iraqi banking sector needs re-evaluation and classification




    Life 
    proposed banking expert Iraqi Samir Nasiri, that « the Iraqi Central Bank prepare a study of the reality of government and private banks up to the re - evaluation and classification, assigning a specialized team in financial analysis to determine the administrative efficiency ofperformance standards and credit, with the participation of Iraqi banks, advisers and experts , the Association of Bankers». Featuring the Iraqi banking sector seven state banks are «Iraq» and «rational» and «Iraqi trade» and «industrial, agricultural and real estate, and« Islamic rivers », and 35 private banks , including Islamic banks , specialized and branches of foreign and Arab banks. 
    He Alnasiri in an interview to «life», the «importance of the application of the Central Bank decision on controls the nomination of board members and staff leaders in the banks, and confirm the separation between the owners and executive departments, and not allow them tointerfere in the executive work». 
    He explained that the economic crisis «pant features since the mid 2014 and continued repercussions so far behind them well - known economists and the public reasons ». And identified as «financial mismanagement in state institutions, and dispose of non - studied oil resources achieved in previous years, as well as a decline in oil prices by 65 percent from what it was, added to all that the costs of the war on terrorism and requirements». 
    The Alnasiri the existence of steps to address policy wrong in the economy, is the importance of «develop a methodology or a clear strategy for the economy, and not to rely entirely on oil resources, and the development of plans and programs targeted to diversify its resources, and to encourage other sectors such as agriculture, industry and tourism». He stressed the need «application strategies prepared by committees advisers in the Council of Ministers incooperation with the United Nations , international organizations, and the remaining 16 havenot been implemented yet, and did not support the days of financial abundance, from oil revenues». It focused on the «trend towards infrastructure sponsoring and supporting theeconomy and institution - building, and to adopt proper mechanisms in the implementation ofmonetary policy and the creation of an alternative to the auction of the currency because it faced criticism». 
    And the cash trading market, pointed out that « the problems suffered by the instability of thedinar exchange rate, and the flight of the proportion of foreign currency abroad to the goals ofnon - economic and download the central bank responsibility that must be common togovernment institutions, as well as speculators and currency traders, formed factors «led to thelow rate of savings cluster of cash in banks to 23 percent, compared with the compactness of $ 77 per percent outside the banking sector ». 
    he said that it« indicates a lack of confidence among customers and a number of banks due tolow liquidity in some of them to a minimum, bringing the banks to not being able to fulfill its obligations to customers at their request cold and deposits. » 
    the businessmen and money attributed the poor the banking sector management to «men control the money and the exploitation of banks for funds deposited managers». They carried the responsibility of the central government « the deterioration of the economic situation of thelack of planning and organization». The head of the Iraqi Businessmen Union is willing Blibl, that «mismanagement in the banking sector because the money men under control, is the onewho contributed to the exploitation of the funds deposited by some bank managers for their own investment and in violation of the law form». 
    And saw the Iraqi Businessmen Union member Abdul Hassan Ziadi, that «this problem borne by the central government for the delay in payments to people, in addition to the lack oforganization of the economic process that led to the collapse of the process». 
    She drew international project center in Iraq actress Mona earthquake , in a statement, that «banking service is real to these banks were one of the causes of the problem, as are given to friends and acquaintances managers without study ». 
    the CBI has given the government banks until last September, to adapt systems and electronic transactions». 
    he stated that « the proportion of beneficiaries and users of these transactions do not exceed 10 percent». He suggested the possibility of «contribution orientations to expand the use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.»


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    Rocky
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    • Post n°2

    Iraqi banking sector needs re-evaluation and classification Empty Iraqi banking sector needs to recalibrate and classification

    Post by Rocky Mon 10 Oct 2016, 9:30 am

    Iraqi banking sector needs to recalibrate and classification

    Sunday 09 October 2016 | 14:34

    I suggest the Iraqi banking expert Samir Al Nassiri, the CBI is a study on the realities of Government and private banks down to re straightened and rated, and assigning specialized staff in the financial analysis to determine criteria for the efficiency of the administrative and credit, with the participation of Iraqi banks Association and expert advisers and bankers. 

    Iraqi banking sector comprises seven Government banks is «good» and «rivers» and «» and «trade Iraqi industrial, agricultural and real estate, and «Islamic rivers», and 35 private banks, including Islamic banks and branches of foreign banks.

    Al Nassiri noted in an interview to «life», «the importance of implementing the resolution of the Board of Directors of the Central Bank controls the nomination of Board members and staff leaders in banks, confirming the separation between owners and executive departments, and not allow them to intervene in Executive job».

    He explained that the economic crisis «Pant features since mid-2014 and continued its repercussions so far, behind them known causes of economists and the public». And b «financial mismanagement at State institutions, egotistic behaviour of oil resources achieved in previous years, as well as declining oil prices by 65 percent from what it was, added to all costs of the war on terror and its requirements.

    And Al Nassiri said there are steps to remedy the wrong policies in the economy, the importance of «a methodology or a clear strategy for the economy, and not rely entirely on oil resources, plans and programmes aimed at diversifying resources and encourage other sectors such as agriculture, industry and tourism». 

    He stressed the need to "apply the strategies prepared by committees of Cabinet advisers, in cooperation with the United Nations international organizations, 16 have not been implemented yet, it didn't support the financial exuberance, days of oil revenues. 

    He focused on «thrust towards building infrastructure and the sponsoring institutions and supporting the economy, adopting the correct mechanisms in implementing monetary policy and find an alternative currency for the auction he faced criticism».

    And the monetary circulation market, pointed out that «the problems experienced by the instability of the exchange rate of the dinar, the flight of the ratio of foreign currency abroad for non-economic objectives and download Central Bank responsibility that must be shared by government institutions, as well as speculators and currency traders, the factors leading to the low savings rate «money in banks to 23 percent, compared with 77 percent of compactness ratio outside the banking sector.

    I consider it «indicates mistrust between customers and a number of banks due to low liquidity in each to a minimum, what brought the banks unable to discharge their obligations to customers upon their request to refund deposits».

    Business and money was consoled by mismanagement of the banking sector to control of financiers and bankers to exploit funds». And carried a central government responsibility «the deteriorating economic situation of lack of planning and organization. 

    He said Iraqi businessmen Union President willing blibel, «mismanagement in the banking sector due to the control of financiers, which contributed to the use of funds by some bank managers for their investment in illegally.

    And saw Iraqi businessmen Union Member Abdul Hassan frozen yogurt, that «this problem to be borne by the Central Government for the delay in payment to people, in addition to non-regulated economic operation has led to the collapse of the process.

    Representative of international projects Center in Iraq Mona zalzal told, that «real-banking banks were one of the causes of the problem, as are given to friends and acquaintances managers without studying».

    The Central Bank gave banks until September last, to adapt systems and electronic trading».

    He stated that «proportion of beneficiaries and users of such transactions does not exceed 10 percent. Maybe the possibility to expand its contribution to the "use and benefit from 77 percent of the money supply to citizens outside the banks, get rid of cash circulation problems».


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