Union of Arab Banks calls to move the "frozen funds" in Iraqi banks

[yota691]

 

 

 

 

Union of Arab Banks calls to move the "frozen funds" in Iraqi banks

 

Author: 16/04/2014 4:41 PM Number of readings: 12 

 

 

 

Proposed union of private banks Arabic in Beirut, move 'amounts frozen' in the bank Rafidain and Rasheed, which exceed the 78 billion dollars to solve a lot of problems, most notably 'housing problem' by 'lending', while stressing that the survival of the amounts 'parked' in banks will cause the problems of 'inflation' and a lack of investment. said EU member Aref Abu Elias in an interview (range Press), that 'Iraq is one of the few Arab countries that are suffering from a crisis in housing', noting that 'According to estimates by the Iraqi government, Iraq needs time The current four million housing units, a growing but on the other hand, we find that the steps the government is slow to solve the housing crisis. " added Abu Elias that 'Iraq has quick solutions that can address those problems, including frozen funds in banks government', noting that ' Rafidain and Rasheed collectively possess at least 95 trillion Iraqi dinars, up to 78 billion dollars, mostly frozen. ' continued Abu Elias said 'can this amounts to solve the housing problem in the country by lending by establishing a development bank means the operations of lending to the housing in accordance with the terms and conditions Iraqi government and have a pop-up of these government banks no be no debate in the amounts parked in the Rafidain and Rasheed ', stressing that' the survival of the amounts in the bank Rafidain and Rasheed government without the benefit of which will cause two problems for Iraq, the two first inflation because the price of accrued interest for the money .. and the second Economic growth slowed due to refrain from pushing that money invested real '.noteworthy that the banking system in Iraq consists of forty-three banks, as well as the Central Bank and distributed by the property between (7) state banks and 30 banks waged, including (7) Islamic banks add to (6) of foreign banks. was announced the National Housing Council, in (the eighth of July 2013), to form a committee to push the laws and legislation to promote the reality of housing and the development of new regulations relating to change the sex of land from agricultural to residential. And among select the country's need to two million five hundred thousand residential units up to 2015, said his quest for the introduction of the Housing Fund as an investor in the construction of housing units, while pointing out and put 'necessary plans' for a survey of housing early next year to determine the actual need for housing in the country and provide solutions. mentions that Iraq is suffering a severe housing crisis due to the increasing population, compared with the number of residential complexes, in addition to the inability of citizens with limited income from the construction of housing units of its own, because of the high cost of land and building materials.

 

[dontlop]

This thing s about to bust wide open

Once the cat is out of the bag

Its revelation time

Ya can't hold off any longer at that point