Keywords: banks, Rafidain and Rasheed Asthoman 80% from fiscal policy and are heading for the privatized

[yota691]

Keywords: banks, Rafidain and Rasheed Asthoman 80% from fiscal policy and are heading for the privatized

 

Sunday November 22 2015 12:29

 

 

 

 

Alsumaria News / Baghdad 
Governor of the Central Bank revealed on the Keywords, Sunday, that the Rafidain and Rasheed, "Asthoman" 80% of the fiscal policy in Iraq, and as pointed out that the two banks are suffering from several problems, he explained that the Central Bank is moving to privatize the two banks. 

Keywords and said in an interview with a number of media, including Alsumaria News, that "the Rafidain and Rasheed Asthoman to 80% of fiscal policy in Iraq," adding that "an anomaly."

 

 

He pointed out that "these two banks are suffering from many problems," he said, "we head into the privatization of two banks or participation with the private sector, and we are working on it in coordination with the World Bank after the Cabinet approved this proposal."

 

[sandfly]

THANKS

[yota691]

Keywords: banks, Rafidain and Rasheed Asthoman 80% from fiscal policy and are heading for the privatized!

 

 

News Source:Ali Abd al-Salman

 

 

 

November 22, 2015 12:48

 

Readers Number:9

 

 

Detection Governor of the Central Bank on the Keywords, Sunday, that the Rafidain and Rasheed, "Asthoman" 80% of the fiscal policy in Iraq, and as pointed out that the two banks are suffering from several problems, he explained that the Central Bank is moving to privatize the two banks. 
Keywords and said in an interview, said that the "Rafidain and Rasheed Asthoman to 80% of fiscal policy in Iraq," adding that "an anomaly." 
He pointed out that "these two banks are suffering from many problems," he said, "we head into the privatization of two banks or participation with the private sector, and we are working on in coordination with the World Bank after the Cabinet approved this proposal. "

[Markinsa]

Central Bank reveals a proposal to restructure the bank Rafidain and Rasheed
Sunday November 22 - 2015 14:51


Governor of the Central Bank on the Keyword

Detection Iraqi Central Bank Governor on the Keywords, on Sunday, for a proposal to restructure the bank Rafidain and Rasheed to the large number of administrative and technical their problems, as he pointed to the possibility of putting some of their shares to the private sector.
 
The governor of the Central Bank on the Keywords during a press conference held at the Central Bank building and the satellite radio tow "The bank Rafidain and Rasheed Asthoman 80% from fiscal policy," noting that "the two banks suffer many administrative and technical and technological problems."
 
"The right solution is to restructure the banks or create some stock in partnership with the private sector", stressing that "the Bank is working in this direction with the prime minister in coordination with the World Bank."
 
Governor of the Central Bank also announced its rejection of a proposal to parliament to pay part of employees' salaries in dollars, as he emphasized that this process will lead to depreciation of the currency reserves.
 
Keywords and said at the conference that "the Finance Committee in the House of Representatives and a number of specialists suggested to be part of the employee's salary in dollars."
 
"We as a central bank refused this thing for two reasons, the first being a threat to the country's sovereignty because the currency is the dinar, the national currency," adding, "The second reason is that the process leads to a significant reduction reserve".
 
Governor of the Central Bank also confirmed that the project to delete the zeros of the currency did not stop, and among the conditions relating to the stability of the country intervened as opposed to the project, pointed out that the currency of the 50 Alpha does not lead to inflation.
 
He said on the Keywords during the conference that "the project to delete the zeros did not stop but there are circumstances related to the country's stability and operations management and organizational intervened as opposed to this project," stressing that "there is a committee exists within the central bank's mission review this file accurately and give the results between now and then, including the market study and the general situation of the country. "
 
He added that "print currency fifty thousand dinars, do not lead to inflation or raise prices," pointing out that "the currency came in exchange for the damaged currency as well as it was printed to respond to Iraqi requests in terms of trading and transfer money the fact that the recent currency category 25 thousand low compared to the monetary mass existing" .
 
Governor of the Central Bank also pointed to continue the investigation in the late National Congress leader Ahmad Chalabi, files, and as pointed out directing inquiries to government agencies each sent their answers, pointed out banks fined files Chalabi said after investigation.
 
Keywords and said during the conference that "the central bank had hoped that the files that were published for the late Ahmad Chalabi be kept secret because they are issues related to money laundering and disseminate the detriment of cooperation with other countries," stressing that "there are memorandums of understanding signed with some countries not to publish these documents so check them fully. "
 
He added that "the central bank continuously checks for all files and face inquiries and calls for a government different and some of these inquiries years ago," noting that "there are circles sent their answers and some have not yet been received and files that were published we have investigated and Grmena different banks."

[blueskyline]

Thank You

[sandfly]

THANKS

[yota691]

Keywords: We seek to privatize the Rafidain and Rasheed

 

 

         

11/23/2015 0:00 

 Baghdad follow-up to the morning   

in pursuit of the Iraqi Central Bank to establish the principle of transparency of the overall activities and to inform those interested in financial affairs and citizens in general, Governor of the Central Bank on the Keywords occur, on Sunday for a number of monetary policy parameters. It has revealed that the Rafidain and Rasheed suffer from several problems, and explained that the central bank is moving to privatized. Keywords and said in an interview with a number of media followed the «morning»: The Rafidain and Rasheed Asthoman 80 percent from fiscal policy in Iraq, returned it «an anomaly».Keywords and pointed out that «these two banks are suffering from serious problems», he said: «We are heading to the privatization of banks or participation with the private sector, and we are working on it in coordination with the World Bank after the Council of Ministers agreed to this proposal». Also announced relationships, that Iraq has reserves of hard currency within international standards, while noting that the natural decline in the reserve process. 

He said that Iraq has a reserve within the international standards », indicating: we still cover the Iraqi dinar 1.7 of currency in circulation by value 39 trillion dinars. 

He said the Keywords, the Reserve is able to cover imports in the country for 6 months, and that the natural decline in the reserve process which is psychological more than what is worrying. 

He Keywords, that the reserve is not controlled by the central bank but controls the supply factors of the Ministry of Finance and demand from the market. 

He pointed out that the Central is to maintain the market response to the request and fill the balance of payments, because it enters in maintaining the balance. 

To that, the Keywords rejected a proposed public sector salaries distributed to the dollar, pointing out that tend to disrupt the process of distribution. 

As Governor of the Bank confirmed that the project to delete the zeros of the existing currency, but the administrative conditions are not favorable for its implementation so far.

He explained that the issuance of 50 thousand dinars nothing to do with class delete the zeros but came to structuring currency and do not affect inflation and rising prices. 

He added that 25 thousand class no longer suitable for trading bloc compared with cash in circulation, and that the new category will facilitate the transport and conversion process by the banks and citizens.

[yota691]

Finance Minister looking work bank managers Rafidain and Rasheed

Monday 23-11-2015 | 12:38:54

 

 

 

 

 

end

Twilight News / terrace, Finance Minister Hoshyar Zebari met with bank managers Rafidain and Rasheed and a number of ministry officials and experts to discuss the two banks banking reality in the country.

During the meeting, they discussed the means taken by both banks to raise Bkhaddmathma according to the International Standards, particularly with respect to the adoption of the overall banking system and the use of financial companies and scientific sober and in line with the steps taken by the Government to enter into global financial markets, especially after the Iraq get a credit rating that.

According to a statement of the Iraqi financial Lord of Twilight News, it was the adoption of a number of measures to increase the efficiency and performance of the two banks and provide better services to citizens.

[yota691]

Search improve the services of the Rafidain and Rasheed according to the International Standards

 

11/23/2015 13:06:00

 

      

Search improve the services of the Rafidain and Rasheed according to the International Standards

 

Chaired by Finance Minister Hoshyar Zebari on Monday, at the headquarters of the Office of the ministry held a meeting with bank managers Rafidain and Rasheed and a number of ministry officials and experts banks to discuss the banking reality in the country. 
During the meeting, they discussed the means taken by both banks to raise Bkhaddmathma according to the International Standards and in particular with regard to the adoption system Comprehensive banking and the use of financial companies and scientific sober and in line with the steps taken by the Government to enter into global financial markets, especially after the Iraq get a credit rating that. 
It was the adoption of a number of measures to increase the efficiency and performance of the two banks and provide better services to citizens. 
The meeting was attended by Undersecretary of the Ministry and directors of public and legal religion circles and Inspector General.PUKmedia Baghdad

[yota691]

Iraq is moving to privatize the government's two largest banks

Monday 23-11-2015 | 1:05:30

 

 

 

 

 

 

 

 

end

Twilight News / Iraqi Central Bank announced on Monday its intention to privatize the two banks government promise the largest in the country.

The governor of the Central Bank, on the Keywords, in a statement, "The bank's management is moving to privatize the Rafidain and Rasheed Bank or participation with the private sector," noting that "the trend is being coordinated with the World Bank after the Cabinet approved this proposal."

He explained that "these two banks are suffering from serious problems because they Asthoman to 80% of fiscal policy in Iraq," she returned it, "an anomaly."

On the other hand, the central bank rejected a proposed distribution of employees' salaries in dollars in Iraq, noting that "the Iraqi currency is a sovereign and can not be a substitute for the dollar the national currency."

Keywords and added, that "the distribution of salaries in dollars does not bring anything positive," pointing out that "tend to disrupt the process of distribution."

Iraq relies 95% on oil in the annual general budget, while still money laundering operations are ongoing in the country, primary caused due to the absence of regulatory laws on banks and community banks.

[SocalDinar]

Downsizing Government is always a good thing !!

 

I'll give you a  HUGE Atta Boy Iraq!  Well done.

 

Thanks Yota

Edited November 23, 2015 by SocalDinar

[k98nights]

 

11/23/2015 10:46 GMT

  Zebari discuss with the Rafidain and Rasheed increase efficiency and performance and provide better services to citizens

 

 

 

Follow-up - and babysit -Search Finance Minister Hoshyar Zebari with the Rafidain and Rasheed increase the efficiency and performance of the two banks and provide services to citizens.

 

A statement by the Ministry of Finance received the news agency public opinion (and babysit) a copy of "Finance Minister Hoshyar Zebari presided at the headquarters of the Office of the ministry held a meeting with bank managers Rafidain and Rasheed and a number of ministry officials and experts banks to discuss the banking reality in the country.

He added that "During the meeting, they discussed the means taken by both banks to raise Bkhaddmathma according to the International Standards, particularly with respect to the adoption of the overall banking system and the use of financial companies and scientific sober and in line with the steps taken by the Government to enter into global financial markets, especially after the Iraq get a credit rating that.

The statement noted that he "was the adoption of a number of measures to increase the efficiency and performance of the two banks and provide better services to citizens.

 

http://www.alrayy.com/159297.htm

 

[Big_J]

GM YOTA AND DV. Wonder twin powers activate! Form of, international banking!

 

CHANGE IS HERE MY FRIEND!

[TrinityeXchange]

THIS!!!!  NOW WE ARE TALKING IRAQ!  this thread should be literally engulfed in flames right now if the community knew what this really meant.

[SnowGlobe7]

       

[TrinityeXchange]

he said: «We are heading to the privatization of banks or participation with the private sector, and we are working on it in coordination with the World Bank after the Council of Ministers agreed to this proposal». 

and thus we are assured that iraq has been following the world bank's playbook.  they are back on track now.

[drj]

THIS!!!!  NOW WE ARE TALKING IRAQ!  this thread should be literally engulfed in flames right now if the community knew what this really meant.

 

When Trinity gets excited, I get excited.  

[ComPLX]

THIS!!!!  NOW WE ARE TALKING IRAQ!  this thread should be literally engulfed in flames right now if the community knew what this really meant.

I agree wholeheartedly. This is in fact huge!

[AFvet]

Thanks

[yota691]

CBI plans to privatize the government's two largest banks

 

      Wednesday   25   November   2015 | 08:00

 

 

 

The governor of the Central Bank, on the Keywords, that "the central administration is moving to a bank Rafidain and Rasheed, or orientation toward privatization by the participation of the private sector

 

 

Central Bank of Iraq is moving to privatize the government's two largest banks in the country, namely, Rafidain and Rasheed, in the context of major repairs carried out in collaboration with the World Bank series. The governor of the Central Bank, on the Keywords, that "the central administration is moving to a bank Rafidain and Rasheed or orientation privatization of about participation of the private their sector, in coordination with the World Bank after the Iraqi cabinet approval in this regard." 
Keywords "The two banks Asthoman 80% of the policy Financial Iraq, and this is not normal. "The Rafidain and Rasheed, who Tossa in the monarchy in Iraq, one of the oldest banks, large and vulnerable to setbacks following the American occupation of the country, it has looted their money and signed the victim of a large embezzlement of officials and government employees.

[Big_J]

Didn't they (already) update and educate the employee's and the international banking system in these two banks?

[yota691]

Didn't they (already) update and educate the employee's and the international banking system in these two banks?

They should have employees in all Banks provide by the CBI..for the oversight and guidance...

[yota691]

Didn't they (already) update and educate the employee's and the international banking system in these two banks?

This may answer your question...Sun, 29 Nov 2015 20:26:56

Financial seize citizen purports to withdraw "47" thousand dollars

 

 

Office of the Inspector General of the Ministry of Finance in cooperation with the board of integrity and the Rafidain Bank in the seizure of a citizen in his possession revealed detect false account purports to withdraw an amount of 47 000 dollars. The Office of the Inspector General in a press statement, received by the agency, "and our response," a copy of it, he was. "Adjust the Office of the Inspector General of the Ministry of Finance in cooperation with the board of integrity and the Rafidain Bank in the seizure of a citizen in his possession revealed a false account purports to withdraw an amount of 47 000 dollars." He added, "it was his arrest and the confiscation of the money in full." It mentions, "The Office of the Inspector General of the Ministry of Finance in cooperation with the Bank of Iraq has to negotiate to restore Iraqi bad debts at one Jordanian banks $ 8 million was re $ 4 million to actually treasury Rafidain Bank first batch and will be re rest of the money in the month of May next year."

Read more: http://dinarvets.com/forums/index.php?/topic/212090-finance-reveal-the-big-fraud-files-and-recover-8-million/#ixzz3svRXtUvO

[calkid11]

Thank you Yota