Rafaa Al Issawi: we price $ 85 for balancing 2012

[J Sue]

Rafaa Al Issawi: we price $ 85 for balancing 2012

29/05/2011

During the 70th anniversary of the founding of Rafidain Bank

Zia added: new facilities for journalists and media professionals

Baghdad Yasser ascendant

Finance Minister Rafe Al-Issawi. that Ministry adopted 85 dollars a barrel for balancing 2012 on the basis of the export of 2.5 million barrels per day.

During its celebration of the Rafidain Bank was founded on the 70th anniversary in the presence of the Central Bank Governor.

Missions Ministry workers

Al-Issawi said the Ministry's intention to send missions to the United Kingdom at the expense of the Ministry with a view to raising the performance of employees in the banking sector, said: we are now waiting for the signing of the memorandum of understanding with the British side pointing that such missions aimed at bringing improved performance working in the Ministry.

Restructuring the banking sector

He said the Ministry also seeks, through the State banking sector restructuring programme in cooperation with the World Bank and the Central Bank to develop the banking sector to catch up with the world especially as we are embarking on a major building campaign.

He said restructuring the administrative and technical level and amending legislation will be in building human capacities and can work in accordance with international accounting standards and catch up with Nations.

Private sector support

In response to a question on activating economic morning performance private banking sector Al-Issawi said: we had an important meeting with banking departments (governmental) and discussed the working paper submitted by the special Iraqi banks Association on supporting private banks.

He made four important recommendations in this regard the Ministry will propose to the economic cabinet to win approval.

The Ministry was determined to support the private banking sector and can play roles in economic development as a complement to the State sector in playing this role.

61 billion rupees profits

Then Director of Rafidain Zia added word announced that net profits of the Bank exceeded the 61 billion dinars within four months of corresponding 12 billion dinars in 2010.

In an exclusive interview on the sidelines of economic morning celebrating the 70th anniversary of the founding of Rafidain Bank: this is done check within 100 events on the Prime Minister for the advancement of the status of the Iraqi economy.

He added: it was built 6 new branches in the regions of walgbaish and Zurbatiyah shrine, Chinese and almdhatet.

The total bank lending during the 100 days stood at 116 billion dinars, distributed between 5,000 beneficiaries.

Complete 70 percent

From the smart card project

As between the Bank and 431 completed a smart card to beneficiaries and which contributed to facilitating the distribution of salaries and reducing burdens of retirees covered other categories of 609 thousand cards at Rasheed Bank and thereby completed 70 percent of the project.

During the ceremony, attended by morning submitted to Bank shield made Chancellor, Honourable Minister to Rafidain Mr. Zia added with a similar shield Bank Associates llkhion valuing its role in improving the performance of the Bank.

Added during receipt shield (morning) revealed his intention to create facilities for journalists and media personnel covered by loans will be announced soon.

Stressed the importance of seeking alternatives to protect ...

Alshabibi: last chance to protect Iraqi funds

Central Bank Governor Sinan Al-shebibi. that the decision to extend protection to Iraqi funds useful for arranging their future status.

He said the morning economic ceremony: this is the last chance, the Government must endeavour to find alternatives acceptable settlement of their protectionism during the period of one year.

Al-Shabibi noted that the United Nations will not continue forever to protect Iraqi funds and this requires a search for how protection after the expiry of the time and requires swift action to resolve your debt.

"With this extension cannot creditors act with Iraqi funds and booked but this does not mean that the case will continue indefinitely, we must reflect on how to solve these complex problems?.

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[debratzz]

Thanks for the post.

[Texhad]

Thanks for the post.

Go RV!

Blessings,

Texhad