Popular Post dinareffic Posted May 16, 2017 Popular Post Report Share Posted May 16, 2017 Iraqi private banks are calling for «Central» to activate the monetary policy United Bank for Investment Building (United Pennek.kom) Version: Paper - International Wednesday, May 17 / May 2017 (01:00 - GMT) Last Updated: Wednesday , , July / May 201 717 (1:00 - GMT) BAGHDAD - Adel Mahdi Called on the chancellor in the «Iraqi private banks association» Samir Nasiri, «the Central Bank of Iraq» to activate its monetary policy to support the private banking system, and re-examine the policies and lending departments of credit risk, with an emphasis on the lesson some observations in the strategic framework adopted in the coming years. He said in an interview to «life», that the implementation of the Iraqi Central Bank's strategy for the coming years, requires a lesson set of observations, including monitoring the implementation of future policies of cash until the year 2020 with the contribution of the banking sector in gross domestic product (GDP), as well as the search for new policies to achieve this goal and allow banks government and private participation in the growth and investment in accordance with the mechanisms and policies that are applicable, and without imposing strict policies and to give adequate elasticities. He added that it is necessary to seek to address the apparent gap between the fiscal policies of the state and monetary policies adopted by the Central Bank and the requirements of the anti-inflationary pressures, in addition to reducing current spending and coordination in the plans and programs that save the Iraqi economy from financial collapses. He also pointed Alnasiri, to the importance of activating the monetary policy to support the private banking system, and the revision of policies and lending mechanisms of credit risk management in the granting of credit to small and medium loans, in addition to investment in production and investment sectors that achieve cash flow, and revive the economic cycle, which contributes to economic development and diversify the financial resources of the general budget. In the context of the sale of the dollar process for which the «Central» organized, Alnasiri called for accurate follow-up instructions for a window of foreign currency issued this year, and the need to define the role of banks in the mediation between the customer and the «Central», in addition to determining the responsibility of the ministries of trade, finance and planning irregularities committed by some customers, and not only load responsibility for banks. He stressed the importance of the adoption of boards of directors in the strategy of banks operational risks and implementation, and review debt doubtful according to the list of guidelines, re-elasticities and periods of time for additional banks to liquidate these debts accruing mostly to civilian migration from their provinces for security reasons beyond their control. And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks. He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices. The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors. He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it. He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively. He added that the relative stability of the rates of the exchange rate of tight monetary policy and the stability of the financial system, as well as reducing inflationary phenomenon and to control the levels of liquidity and management, and to encourage banks to move towards the market, of the most important tools that have been achieved in monetary policy from 2004 to 2006.http://www.alhayat.com/Articles/21900823/%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5%D8%A9-%D8%AA%D8%AF%D8%B9%D9%88--%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A--%D8%A5%D9%84%D9%89-%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9 27 Quote Link to comment Share on other sites More sharing options...
Popular Post Wiljor Posted May 16, 2017 Popular Post Report Share Posted May 16, 2017 Thanks dinareffic, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it. ohhhh yeaaaaa, I see green all over this baby 24 Quote Link to comment Share on other sites More sharing options...
dinareffic Posted May 16, 2017 Author Report Share Posted May 16, 2017 There is as much green in this article as there is on the latest map of Mosul. All good 14 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted May 16, 2017 Report Share Posted May 16, 2017 Just now, dinareffic said: There is as much green in this article as there is on the latest map of Mosul. All good I concur my friend. 7 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted May 16, 2017 Report Share Posted May 16, 2017 5 Quote Link to comment Share on other sites More sharing options...
vomer Posted May 16, 2017 Report Share Posted May 16, 2017 13 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted May 16, 2017 Report Share Posted May 16, 2017 Thanks Dinariffic . Great Article . They are following Nasari's 5 year plan . So it must be time for them to initiate the reforms . Now .......... can someone please remove my 4 minutes late double post further down the forum please .......... Thank you very much 5 Quote Link to comment Share on other sites More sharing options...
82Corp. Posted May 16, 2017 Report Share Posted May 16, 2017 17 3 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted May 16, 2017 Report Share Posted May 16, 2017 ANY DAY NOW. 10 Quote Link to comment Share on other sites More sharing options...
boomhand86 Posted May 16, 2017 Report Share Posted May 16, 2017 Fantastic news 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 16, 2017 Report Share Posted May 16, 2017 Let's do it. I want to see, feel, bank, and field test that. . 9 Quote Link to comment Share on other sites More sharing options...
nannab Posted May 16, 2017 Report Share Posted May 16, 2017 We're in the money we're in the the money CHA CHA CHA ! 4 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted May 16, 2017 Report Share Posted May 16, 2017 dinareffic Thanks, DV, Absolutely excellent news today my friend and it definitely points to the "Masses" are ready for the monetary reform to START......ME TOO.... I believe I can FLY........I believe we are about to say IQD BYE BYE & Touch The Sky Real High......Bank Accounts Massive Increase..... OH YEAH (Randy Savage-Macho Man) GO Liberation Of Mosul GO National Settlement GO HCL GO RV / RI 13 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted May 16, 2017 Report Share Posted May 16, 2017 It's time to give real market value to the IQD Go new monetary policy Go $1:1 15 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted May 16, 2017 Report Share Posted May 16, 2017 PaPa needs a new pair of Shoes!! 3 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted May 16, 2017 Report Share Posted May 16, 2017 1 minute ago, steveh12 said: PaPa needs a new pair of Shoes!! 7 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted May 16, 2017 Report Share Posted May 16, 2017 1 minute ago, SnowGlobe7 said: Good One Snow!! 2 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 17, 2017 Report Share Posted May 17, 2017 5 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 17, 2017 Report Share Posted May 17, 2017 1 hour ago, chinadawg said: ANY DAY NOW. I concur, ChinaDawg! However, I would like to say, "ANY NOW DAY!!!" With President Trump's arrival apparently this coming Sunday, this NOW DAY may just be upon us! Go Moola Nova! 10 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted May 17, 2017 Report Share Posted May 17, 2017 1 minute ago, Officiallytook said: Sometimes silence is golden Officiallytook +1 to ya pp 4 Quote Link to comment Share on other sites More sharing options...
jg1 Posted May 17, 2017 Report Share Posted May 17, 2017 Stop the theft, give to the people. As stated in their constitution. Go HCL. Show us the real value to the Dinar. Sooner than the coming days PLEASE. 6 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted May 17, 2017 Report Share Posted May 17, 2017 (edited) "ANY DAY NOW"..... is better than "soon" or "in the coming days" etc. etc.... But i still hold caution as he is only calling for it to be done.... Edited May 17, 2017 by NoviceInvestor 6 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 17, 2017 Report Share Posted May 17, 2017 3 minutes ago, jg1 said: Sooner than the coming days PLEASE. I think I just figured it all out! The "Coming Days" is a missed translation due to the phonetic similarity to "Coming Daze"! Ouch, that does hurt, doesn't it. If I think about it, when the term "Coming Days" is mentioned, whatever they are talking about happening never does and things go into some type of funk like the "Coming Daze". They all seem fat, dumb, and happy with whatever state they find themselves in. But, hey, when Keesterd Kicker wearing President Trump arrives in the "Coming Days" there ain't gunna be no mo "Coming Daze" for whatever topic is at hand from these, well, Funky Procrastinators!!! Go, Go, Go Moola Nova - Yeah, that's right Iraqi Boys and Girls - PRESIDENT TRUMP IS COMING TO TOWN WEARING HIS KEESTER KICKERS WITH ALL YOUR NAMES STAMPED ON 'EM!!! NO LIST FOR YOU OR LUMPS OF COAL JUST BUSINESS - LIKE WHAT PRESIDENT TRUMP IS REALLY, REALLY (THATS RIGHT - REALLY) GOOD AT!!! 6 Quote Link to comment Share on other sites More sharing options...
southbeach Posted May 17, 2017 Report Share Posted May 17, 2017 51 minutes ago, Officiallytook said: 3 Quote Link to comment Share on other sites More sharing options...
southbeach Posted May 17, 2017 Report Share Posted May 17, 2017 2 hours ago, 82Corp. said: 3 2 Quote Link to comment Share on other sites More sharing options...
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