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Chunky monetary mass is capable of addressing economic problems


DWS112
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Chunky monetary mass is capable of addressing economic problems   November 13, 2019

 

Chunky monetary mass is capable of addressing economic problems 

 
Emphasizing the imperative of working towards transferring the cash mass in the home to the local labor market through the banking system, to contribute effectively in solving the economic problems and providing job opportunities to accommodate all young people, qualified technical expertise and others.


It is estimated the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding in homes, about 70 percent of this amount, according to the indicators of specialized centers and financial experts.


Haidar Kazem al-Baghdadi stressed the importance of localization of salaries and its importance in providing liquidity to the financial sector. Electronic payment and that salaries are paid through and kept in banks and the citizen depends on the electronic card, especially as the citizen interacted a lot in this detailed, and here we can employ the operational budget in activating the capital cycle to serve the national economy, and that banks must "All attention to this aspect and all joints of electronic payment."


 
Restore confidence
He said that "the concentration of the chunky bloc to the banks requires serious work leading to the restoration of confidence between citizens and all banks, which require the first phase of a law guaranteeing funds, in addition to creating trust between state institutions and the private banking sector, which is an important step to strengthen the role of the private sector in the management of economic joints And enable it to play its true role in development. "

 
Database
He pointed to the importance of localization of salaries from now with private banks to be the beginning of electronic work and the establishment of a database moving to private banks to deal with the largest proportion of citizens, because of the slide big".


He stressed the need for the Central Bank to start issuing new instructions, supported by the role of a supervisory evaluation by him and determine the ceilings of balances and accounts for open circles with banks, which helps the government institution to start working with private banks.

 
Legal guarantees

He called for focusing on the laws, most important of which is the law guaranteeing deposits and loans and other things that contribute greatly to bringing hoarding cash to the banking sector smoothly. There are legal guarantees, noting that "the deposit guarantee law is the cornerstone in this subject and its application is the real beginning to move liquidity in the right direction and transfer to the banking sector, which will be employed in the service of the national economy."


He pointed out that "Iraq is receiving the attention of the international specialized effort, which requires us to work towards the benefit of regional and international experiences that tend to create bilateral partnerships with the international effort leading to increase knowledge of national expertise and enable them to advanced technology."
 
Qualitative implementation

He explained that "reality needs to review all the laws that regulate the labor market in the country, and make it help to streamline the quality of the implementation of projects, away from the intersections and interpretive problems that accompanied the last stage, which caused confusion, and made the competent employee confused, when There is an intersection of legislation, and here the legal environment must guarantee the rights of all parties without exception. ”

Edited by DWS112
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“It is estimated the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding in homes, about 70 percent of this amount, according to the indicators of specialized centers and financial experts.”

 

70 % of 47 trillion IQD = 33 trillion IQD 

33 trillion IQD / 1190 = $27 billion dollars 

 

I don’t believe in 33 trillion IQD in chunky cash

 

just my opinion 

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3 hours ago, Laid Back said:

“It is estimated the volume of liquidity in Iraq by 47 trillion Iraqi dinars hoarding in homes, about 70 percent of this amount, according to the indicators of specialized centers and financial experts.”

 

70 % of 47 trillion IQD = 33 trillion IQD 

33 trillion IQD / 1190 = $27 billion dollars 

 

I don’t believe in 33 trillion IQD in chunky cash

 

just my opinion 

Agreed. Thinking the same thing. This is a completely different number than a 6 months ago. 

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21 hours ago, DinarThug said:

Does This Chunky Money In My Clown Pants Make My Butt Look Wide ? :o 


The Ladies Be Checkin’ The Chunk In My Trunk ! :o 

 

Mc Hammer Dance GIF

Can’t Touch This ...
 
hammer time dance GIF
 
:D  :D  :D 
 
Edited by DinarThug
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On 11/14/2019 at 5:37 AM, DWS112 said:

here we can employ the operational budget in activating the capital cycle to serve the national economy,

 

On 11/14/2019 at 5:37 AM, DWS112 said:

here we can employ the operational budget in activating the capital cycle to serve the national economy

Not with out ending auctions, getting of the programming rate and opening upto to a market economy will you create money velocity and get cash to the banks

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  • 2 months later...

Al-Hamash: The amount of dormant inactive funds in Iraq is 60 billion dollars and 130 trillion dinars

17:08 - 27/01/2020
0
 
  
%D8%AF%D9%88%D9%84%D8%A7%D8%B1-696x435.j

Information / private ...

The economic expert, Saleh Al-Hamash, revealed, on Monday, the existence of dormant inactive funds in Iraq estimated at 60 billion dollars in the American currency and 130 trillion dinars in the Iraqi currency, indicating that these funds will appear and go down to the Iraqi market if the agreement with China is activated.

Al-Hamash said to / the information / that " Iraq has dormant funds in the homes of Iraqis, chunky, not occupied in the Iraqi market to stagnate the movement of the Iraqi market."

He added that "the amount of these funds amounts to 60 billion dollars in the American currency and 130 trillion dinars in the Iraqi currency," noting that "if the Sino-Iraqi agreement is activated, these hidden funds will go to the market and operate and advance the economy."

He emphasized that "the owners of the funds will search for projects to put these funds in and operate them."

https://www.almaalomah.com/2020/01/27/452298/

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18 hours ago, Butifldrm said:

Al-Hamash: The amount of dormant inactive funds in Iraq is 60 billion dollars and 130 trillion dinars

 
  
%D8%AF%D9%88%D9%84%D8%A7%D8%B1-696x435.j

Information / private ...

The economic expert, Saleh Al-Hamash, revealed, on Monday, the existence of dormant inactive funds in Iraq estimated at 60 billion dollars in the American currency and 130 trillion dinars in the Iraqi currency, indicating that these funds will appear and go down to the Iraqi market if the agreement with China is activated.

Al-Hamash said to / the information / that " Iraq has dormant funds in the homes of Iraqis, chunky, not occupied in the Iraqi market to stagnate the movement of the Iraqi market."

He added that "the amount of these funds amounts to 60 billion dollars in the American currency and 130 trillion dinars in the Iraqi currency," noting that "if the Sino-Iraqi agreement is activated, these hidden funds will go to the market and operate and advance the economy."

He emphasized that "the owners of the funds will search for projects to put these funds in and operate them."

https://www.almaalomah.com/2020/01/27/452298/

Yep and we all’ know the answer to this,problem? How do you get the cash hoarders to the bank? 

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