Luigi1 Posted April 24, 2015 Report Share Posted April 24, 2015 from Guru BLC... BLC CHAT: The Iraqi government lifted the roof 04/23/2015The Iraqi government lifted the roof of banking transactions for citizenshttp://www.newsaliraq.com/inews.php?NewsID=315376[tlm724] The Iraqi government lifted the roof of banking transactions for citizens, thats nice ![tlm724] yeppers the Iraqi government lifted the roof on withdraws by an increase of $ 63,388 per transaction for large purchases like real estate etc...[tlm724] the government's attempts to control the phenomenon of the adoption of the dollar in the Iraqi market through large daily transaction [RCS1947] Very Happy ~~~ [tlm724] to control the phenomenon of the adoption of the dollar[tlm724] to control the phenomenon of the adoption of the dollar[tlm724] because of the scarcity of local currency[tlm724] we better look at the whole article[tlm724] The General Secretariat of the Council of Ministers directed to raise the ceiling certified instruments issued by private banks from 25 million dinars to 100 million dinars maximum procedural transaction[tlm724] which is by citizens with government departments[tlm724] we are working on the establishment of the Ministry of Finance to compel government departments to accept certified instruments issued by private banks, and coordination between the Finance and the Central Bank of Iraq and the Association of private banks to put controls and mechanisms are clear and specific to deposit employees and pensioners in private banks[tlm724] to put controls and mechanisms are clear and specific to deposit employees and pensioners in private bank[tlm724] so deposit their salraies in the private banks which will increase the banks liquidity and include a guarantee the rights of depositors !!![tlm724] in addition to the establishment of the Iraqi Central Bank and government to study the possibility of banks lending to private banks to finance small and medium enterprises. "[tlm724] so the state banks will provide funds for the private banks so as to increase the wheel of commerce[tlm724] "The Committee decided that the Trade Bank of Iraq to open lines of credit to the private banks, under the supervision of the Central Bank of Iraq[RCS1947] ease of banking for small business and individuals[tlm724] yes RCS ! Luigi says...Pay very close attention to this one sentance... [tlm724] The General Secretariat of the Council of Ministers directed to raise the ceiling certified instruments issued by private banks from 25 million dinars to 100 million dinars maximum procedural transaction 4 5 Link to comment Share on other sites More sharing options...
Luigi1 Posted April 24, 2015 Author Report Share Posted April 24, 2015 Luigi asks...Can this be the begining of Economic Reform inside Iraq? Will this mature into a full blown RV? Your two cents worth! 2 1 Link to comment Share on other sites More sharing options...
Jaygo Posted April 24, 2015 Report Share Posted April 24, 2015 A good step forward but I don't think it's a trigger to an RV. Link to comment Share on other sites More sharing options...
davis411 Posted April 24, 2015 Report Share Posted April 24, 2015 luigi i gave you a plus, i like bond lady and this tim they have always seemed grounded no need to beat on luigi with this one i like personally who it came from thanks luigi 1 Link to comment Share on other sites More sharing options...
Jaygo Posted April 25, 2015 Report Share Posted April 25, 2015 I agree davis411. They are straight up. Report the news and help to make it understandable. 1 Link to comment Share on other sites More sharing options...
sandfly Posted April 25, 2015 Report Share Posted April 25, 2015 THANKS 1 Link to comment Share on other sites More sharing options...
Luigi1 Posted April 25, 2015 Author Report Share Posted April 25, 2015 This may not seem like a big deal to us but for Iraqis it is a major milestone on the way to economic reform. This is big news. 2 Link to comment Share on other sites More sharing options...
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