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yota691

Specialists promised the launch of a new banking strategy

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25-09-2013 10:08 AM

 

 

Baghdad (news) / report / Hussein Faleh / .. Despite the relative stability witnessed by the Iraqi dinar exchange rate against the U.S. dollar during the current period after a wave of oscillations which got its price over the past months, but some specialists in the field of financial criticized the current procedures taken by the central bank for the sale of foreign currency by banks and are delivered to citizen through the passport, what made ​​the Iraqi banks Moktdh citizens since the early morning in order to buy the dollar through passport at a subsidized price from the central bank are sold to banking offices its price trade so as to achieve differences profit estimated at (5000) dinars per (100) dollars. has criticized specialists during their talk (of the Agency news) on those actions, calling it humiliates the citizen and is supportive of the dinar exchange rate, demanding the central bank to take new measures to the sales process in order to minimize the waste of money, with the tightening of the actual control of the operations of financial transfer in order to combat money laundering and reduce of currency smuggling. member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, confirmed: that the actions of the Iraqi Central Bank on the sale of hard currency is below the required level, where we consider that the procedures are accessible and supportive of the dinar and the national economy, but it is still complicated and procedures prosthesis and vessels, probably will affect the exchange rate of the dinar. said Dler (of the Agency news): The current monetary policy, despite their drawbacks, but it is better than the policy that was tracked over the past months and which led to the low exchange rate of the dinar against the dollar, calling the current administration of the Bank the development of new plans and modern mechanisms in order to control the liquidity circulating in the market to create a balance between supply and demand of foreign currency. said: that the central bank has a cash reserve large and this will give extra power of the Iraqi dinar condition improves disposed of by the central bank through the buying and selling in auction. As a member of the Committee on the economy and investment MP / National Alliance / Abdul-Abbas Xiaa, criticized: central bank's policy on the sale of hard currency, being conducted at random and is well thought out, which contributed to instability in the exchange rate of the dinar against the dollar. said Xiaa (of the Agency news ): The new measures issued by the bank on the sale of foreign currency allowed the average citizen who owns a passport he can buy (5000) dollars a month, from banks authorized to sell at a subsidized price from the central bank and in which the teams about (200) thousand dinars net profit. continued : This is what makes people give to banks from the early hours in order to obtain this amount through the passport and sell them to the 'black market', if the family consists of (6) members they get a net profit of an estimated one million dinars per month, Valaab not citizen, but measures the central bank who learned the citizen to commit mistakes. described Xiaa: these measures as humiliated citizens and make looking for a source of living illegally, and therefore it will affect the stability of the exchange rate, and this is what makes dollar spent incorrectly, do not go to those who deserve from traders and owners of emergency travelers, calling for the central bank to amend its procedures for the sale of hard currency to support the exchange rate of the dinar against the dollar. while said Prime Media Center Economic Dergham Mohammed Ali, to: the sale of the dollar through the passport is designed to deliver the amounts directly meet the needs of travelers foreign currency, but some cases for payment of the amounts of small and other needs of foreign currency unless they are met at the official rate, thousands will resort to the black market, a Mirf currency exchange rate. continued Muhammad Ali in his speech (of the Agency news): But the central bank put outlets through banks routinely to customers two months ago, which has contributed to relatively reduce the black market to sell the currency and meet the demands of customers within the official price approved to sell the dollar does not affect the sales levels within the ceilings current to avoid the waste of foreign currency. For his part, warned financial expert Hossam al-Obeidi, low price dinar Iraqi case and hold the current monetary policy by the central bank, the fact that the hard currency pumped into the market at random and irregular. Obeidi said (of the Agency news): The local banks experiencing زحاما lot of citizens in order to buy dollars at the official cross-passport travel, and this case is incorrect at the same time hold unscientific, because he learned the citizen on the error, as well as pay the owners of banking offices of manipulating prices, the dollar in the local market. pointed to: that the central bank is in corporate banking and some offices approved by buying dollars from the auction of public and allowed some banks sell to citizens through the passport, making the operation is not balanced, and this case when continuity will raise the value of the dinar against the dollar, which is currently experiencing stable temporarily its value. / End / 8.'s. m /

 

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Specialists promised the launch of a new banking strategy

 

 

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09/26/2013 12:00 AM 

 

Assurances of the importance of partnership banking between the public and private sectors 

BAGHDAD - Hussein ثغب Tamimi 

 heading efforts of the banking sector towards the diagnosis of the most important challenges that confuse the reality of development banking in the country, as experts say money importance of banking cooperation between the public and private sectors to reach the ideal working environment supportive of all economic sectors.    

President of the Association of private banks in Iraq, Adnan al-Chalabi pointed out in an interview for the (morning) to launch a strategic new banking During the conference, the Iraqi banking first, noting that the strategy is executed during the days of the conference to be discussed thoroughly by experts banks from the public and private sectors to exit agreement or semi- agreement around. prospects developmental said during a press conference organized by the Association in preparation for the conference to be held end of this month that the strategy governing the banking business now and in the future, and develop prospects developmental progress for the advancement of banking services gradually, pointing out that the conference is an opportunity to put forward opinions and suggestions pour in the development of the banking sector, in particular that the conference includes a display (12) in search of research, six within 28-29 days of the current month, in addition to the extensive discussions about the problems that limit the banking development process. sophisticated banks and Chalabi pointed out that all efforts are focused out the recommendations of value to contribute actively to the development of the banking sector, which is the most important element in the process of promoting economic destruction, can not be development of the economy away from the banking sector processions Technologies International Banking, and able to provide advanced services to the public beneficiaries. confidence of international banks either General Manager Bank of Mesopotamia Abdul-Hussein Islamic Mundhiri has pointed to the importance of the first Iraqi banking conference, pointing out that Iraq would emerge from the provisions of Chapter VII to make the Iraqi banking market and a new destination of the most prominent international banks known بثقتها in the global economy, such as neighborhood. Me موركن and Standard Chartered, Bank of America and Citibank, among others. He said the duty of our banks private and public partnerships and the signing of memoranda of understanding with these banks to get the experience accumulated in how to deal with financial crises and the internal and external economic and how to run their capital and deposits of the public in corporate finance and small and medium enterprises and large and others. As these companies will give workers in our banks the opportunity to gain experience and confidence in the input patterns of new investment on the banking market in Iraq. trust beneficiaries He continued: After the success of private banks to increase their capital overflowed has a mass of cash huge volume of liquidity exceeded five trillion dinars are currently looking for investment opportunities for funding. As well as trillions granted loans, real estate and commercial and industrial productivity, and others.This increase in capital restored confidence again banks own after the tremors experienced by its reputation as a result of ill some banks to conduct banking business right, as exposed to sanctions and deterrent measures from the central bank, as returned funds public deposited again in private banks. prospects for cooperation to that The executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun: The strategic banking that will be working to develop the reality of the work of banks in general, in addition to consolidating the prospects of cooperation between the banking market and finance. said Hassoun that these efforts are being made ​​to discuss the challenges that adversely affect the development banks, particularly the private banks in the country has come a long way in the adoption of modern techniques can not the government of banks accessible, especially because it lives in the restructuring phase.Stressing that the evolution of the private banks did not quite live up to the level of ambition although it girl good relations with international banks with a rating of Advanced on the list of the world rankings. amend the law on banks and between that of the most prominent papers will be presented during the days of the conference that on the subject of amending the Law of banks, and allow private banks to adopt the investments that will positively affect the reality of the Iraqi economy in terms of production and services.   future of banks and returned Goldfinch to confirm that international participation will be the quality, quantity and its presence will be signed by the positive, as can convey a clear picture for the future of the Iraqi banking sector to the world, pointing out to allocate space for the World Bank Conference which will what Bjabth across a promising scientific research to be put in this conference, where everyone is aware of its importance in the economic development process. Pointing out that the presence of Arab Banks will be active through the Union of Arab Banks and the Association of Banks, in addition to the experience of banking is different. concluded Goldfinch his speech by saying: that the experience of private banks in the country's modern and has faced significant challenges, noting that its inception effectively was after the year 2003, but you need to efforts great for access to the global banking sector in the services provided to the public beneficiaries.

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09/26/2013 07:46

Going efforts of the banking sector towards the diagnosis of the most important challenges that confuse the reality of development banking in the country, as experts say money importance of banking cooperation between the public and private sectors to reach the ideal working environment supportive of all economic sectors.president of the Association of private banks in Iraq, Adnan al-Chalabi pointed out in an interview ( morning) to launch a strategic new banking During the conference, the Iraqi banking first, noting that the strategy is executed during the days of the conference to be discussed thoroughly by experts banks from the public and private sectors to exit agreement or sub-agreement around. prospects developmental said during a press conference organized by the Association of preparation Conference to be held end of this month that the strategy governing the banking business now and in the future, and develop prospects developmental progress for the advancement of banking services gradually, pointing out that the conference is an opportunity to put forward views and proposals that are in the development of the banking sector, in particular that the conference includes a display (12 ) search, six research within 28-29 days of the current month, in addition to the extensive discussions about the problems that limit the banking development process. sophisticated banks and Chalabi pointed out that all efforts focused out the recommendations of the value of actively contribute to the development of the banking sector, which is the most important element In the process of promoting economic destruction, can not be development of the economy away from the banking sector processions Technologies International Banking, and able to provide advanced services to the public beneficiaries.confidence of international banks either General Manager Bank of Mesopotamia Islamic Abdul Hussein Mundhiri has pointed to the importance of the conference of the Iraqi banking first, He pointed out that Iraq would emerge from the provisions of Chapter VII to make the Iraqi banking market and a new destination of the most prominent international banks known بثقتها in the global economy, such as neighborhood. Me موركن and Standard Chartered, Bank of America and Citibank, among others. He said the duty of our banks private and public partnerships and the signing of memoranda of understanding with these banks to get the experience accumulated in how to deal with financial crises and the internal and external economic and how to run their capital and deposits of the public in corporate finance and small and medium enterprises and large and others. As these companies will give workers in our banks the opportunity to gain experience and confidence in the input patterns of new investment on the banking market in Iraq. trust beneficiariesHe continued: After the success of private banks to increase their capital overflowed has a mass of cash huge volume of liquidity exceeded five trillion dinars are currently looking for investment opportunities for funding. As well as trillions granted loans, real estate and commercial and industrial productivity, and others. This increase in capital restored confidence again banks own after the tremors experienced by its reputation as a result of ill some banks to conduct banking business right, as exposed to sanctions and deterrent measures from the central bank, as returned funds public deposited again in private banks. prospects for cooperation to that The executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun: The strategic banking that will be working to develop the reality of the work of banks in general, in addition to consolidating the prospects of cooperation between the banking market and finance. said Hassoun that these efforts are being made ​​to discuss the challenges that adversely affect the development banks, particularly the private banks in the country has come a long way in the adoption of modern techniques can not the government of banks accessible, especially because it lives in the restructuring phase. Stressing that the evolution of the private banks did not quite live up to the level of ambition although it girl good relations with international banks with a rating of Advanced on the list of the world rankings. amend the law on banks and between that of the most prominent papers will be presented during the days of the conference that on the subject of amending the Law of banks, and allow private banks to adopt the investments that will positively affect the reality of the Iraqi economy in terms of production and services. future of banks and returned Goldfinch to confirm that international participation will be the quality, quantity and its presence will be signed by the positive, as can convey a clear picture for the future of the Iraqi banking sector to the world, pointing out to allocate space for the World Bank Conference which will what Bjabth across a promising scientific research to be put in this conference, where everyone is aware of its importance in the economic development process. Pointing out that the presence of Arab Banks will be active through the Union of Arab Banks and the Association of Banks, in addition to the experience of banking is different. concluded Goldfinch his speech by saying: that the experience of private banks in the country's modern and has faced significant challenges, noting that its inception effectively was after the year 2003, but you need to efforts great for access to the global banking sector in the services provided to the public beneficiaries.


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Specialists promised the launch of a new banking strategy      

 

18-2929.jpg

09/26/2013 12:00 AM

Assurances of the importance of partnership banking between the public and private sectors

BAGHDAD - Hussein ثغب Tamimi

heading efforts of the banking sector towards the diagnosis of the most important challenges that confuse the reality of development banking in the country, as experts say money importance of banking cooperation between the public and private sectors to reach the ideal working environment supportive of all economic sectors.

President of the Association of private banks in Iraq, Adnan al-Chalabi pointed out in an interview for the (morning) to launch a strategic new banking During the conference, the Iraqi banking first, noting that the strategy is executed during the days of the conference to be discussed thoroughly by experts banks from the public and private sectors to exit agreement or semi- agreement around. prospects developmental said during a press conference organized by the Association in preparation for the conference to be held end of this month that the strategy governing the banking business now and in the future, and develop prospects developmental progress for the advancement of banking services gradually, pointing out that the conference is an opportunity to put forward opinions and suggestions pour in the development of the banking sector, in particular that the conference includes a display (12) in search of research, six within 28-29 days of the current month, in addition to the extensive discussions about the problems that limit the banking development process. sophisticated banks and Chalabi pointed out that all efforts are focused out the recommendations of value to contribute actively to the development of the banking sector, which is the most important element in the process of promoting economic destruction, can not be development of the economy away from the banking sector processions Technologies International Banking, and able to provide advanced services to the public beneficiaries. confidence of international banks either General Manager Bank of Mesopotamia Abdul-Hussein Islamic Mundhiri has pointed to the importance of the first Iraqi banking conference, pointing out that Iraq would emerge from the provisions of Chapter VII to make the Iraqi banking market and a new destination of the most prominent international banks known بثقتها in the global economy, such as neighborhood. Me موركن and Standard Chartered, Bank of America and Citibank, among others. He said the duty of our banks private and public partnerships and the signing of memoranda of understanding with these banks to get the experience accumulated in how to deal with financial crises and the internal and external economic and how to run their capital and deposits of the public in corporate finance and small and medium enterprises and large and others. As these companies will give workers in our banks the opportunity to gain experience and confidence in the input patterns of new investment on the banking market in Iraq. trust beneficiaries He continued: After the success of private banks to increase their capital overflowed has a mass of cash huge volume of liquidity exceeded five trillion dinars are currently looking for investment opportunities for funding. As well as trillions granted loans, real estate and commercial and industrial productivity, and others. This increase in capital restored confidence again banks own after the tremors experienced by its reputation as a result of ill some banks to conduct banking business right, as exposed to sanctions and deterrent measures from the central bank, as returned funds public deposited again in private banks. prospects for cooperation to that The executive director of the Association of private banks in Iraq, Abdul Aziz Hassoun: The strategic banking that will be working to develop the reality of the work of banks in general, in addition to consolidating the prospects of cooperation between the banking market and finance. said Hassoun that these efforts are being made ​​to discuss the challenges that adversely affect the development banks, particularly the private banks in the country has come a long way in the adoption of modern techniques can not the government of banks accessible, especially because it lives in the restructuring phase. Stressing that the evolution of the private banks did not quite live up to the level of ambition although it girl good relations with international banks with a rating of Advanced on the list of the world rankings. amend the law on banks and between that of the most prominent papers will be presented during the days of the conference that on the subject of amending the Law of banks, and allow private banks to adopt the investments that will positively affect the reality of the Iraqi economy in terms of production and services. future of banks and returned Goldfinch to confirm that international participation will be the quality, quantity and its presence will be signed by the positive, as can convey a clear picture for the future of the Iraqi banking sector to the world, pointing out to allocate space for the World Bank Conference which will what Bjabth across a promising scientific research to be put in this conference, where everyone is aware of its importance in the economic development process. Pointing out that the presence of Arab Banks will be active through the Union of Arab Banks and the Association of Banks, in addition to the experience of banking is different. concluded Goldfinch his speech by saying: that the experience of private banks in the country's modern and has faced significant challenges, noting that its inception effectively was after the year 2003, but you need to efforts great for access to the global banking sector in the services provided to the public beneficiaries.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=55173

 

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looks like a fifty dollar pay check, how do they carry Dinar around,in a back pack. no wonder they like USD


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Stressing that the evolution of the private banks did not quite live up to the level of ambition although it girl good relations with international banks with a rating of Advanced on the list of the world rankings. amend the law on banks and between that of the most prominent papers will be presented during the days of the conference that on the subject of amending the Law of banks, and allow private banks to adopt the investments that will positively affect the reality of the Iraqi economy in terms of production and services.


Go IRAQ! GO!
Wm13
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Thanks Yota and WM!!

Me? Thanks to you, Yota, Buti, K98, and all the others that go scrounging for news articles. I just comment on them. +1 to ya'll, may God Bless you.

Wm13

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This requires that because that's how it works and we are discussing the challenges.

 

"although it girl good relations"

That caused brain brakes to squeal.

 

That whole thing is a bad Chairman of the Fed speech and should turn the reader into mashed potatoes.

That's another reason why it's posted.......?

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looks like a fifty dollar pay check, how do they carry Dinar around,in a back pack. no wonder they like USD

 

LMAO just gave me a laugh I needed someone needs to tap their brains or phones to get to the bottom of this we as investors have a right to know the true direction of this company. Where's the board members lets get this meeting started. :eyebrows:

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