********** An invitation to issue dinar-mail
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********** An invitation to issue dinar-mail
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7/18/2016 0:00
BAGHDAD Hussein al-Tamimi Tgb
Economist who proposed the issuance of e-dinar and entered in banking transactions, particularly in the area of government levies, as well as work hard to attract the Iraqi currency and introduced into the banking system to encourage the banking savings process, also examined the money and the economy, restructuring the State-owned banks and the balance between them and the private banks experts came during economic seminar organized by the progress of the policy Institute Development.
Economic power
Dr. Mehdi al-Hafez called for the promotion of the banking sector, public and private, both .. returned an essential task in terms of the desired national development, noting that the failure of the Iraqi banking sector to the point where he became a major dilemma must work on them by the concerned economic reform .. explaining that the large size of the banks government exceeded the needs of the local economy, which led to the creation of a big obstacle to the benefit of the banks important economic force in the investment and cash deal .. overall, calling for a restructuring of these banks, especially banks «rational» and »Rivers».
So accept appearance of Dr. Mohammed Saleh, the financial advisor to the Prime Minister and the reality of the government banking sector .. indicating that the sector is made up of seven very large banks acquires the banking arena is absolutely up to 91 percent the proportion of banking assets and up to 86 percent of the deposits of the banking system and therefore, this formation in government deposits sizes up to 65 trillion dinars until the end of 2015 of which 45 trillion dinars, government deposits and deposits of 19 trillion and 10 trillion civil ones with the bank «rational» and »Rivers» and 9 trillion to the private banks.
Apply transparency
He spoke in favor of good governance to separate management from ownership, accountability, transparency, and this can not be achieved easily because the mechanism is working properly causing it to disable boardrooms because of the large interventions by the ministries in the work Banks.
Saleh also highlighted the existence of a strong political will of the government to restructure State-owned banks have been formed a committee headed by the governor of the central bank and there is a sub-committee to follow up the issue of restructuring began Commission is working with the World Bank that has given us through the four map Phase.
For his part, David Abdul Zayer head of the Iraqi National Business Council spoke about the restructuring of State-owned banks in the framework of the timeframe technician specifically takes into account the accumulated problems in these banks to the extent that the recovery of the loans lagging behind the value .. Indicating that the last budget announced by the Bank of Iraq amounted to 125 trillion dinars a No. In order exceeds the state budget, and we all know that this number does not exist and is not accurate, noting that he should not implicate the new administrations of these problems and should stop work to be audited by the company Universal.
Leap
Zayer and stressed that the fight against corruption starts from the introduction of local currency into the banking system, calling for the issuance of e-dinar by Rasheed Bank or Mesopotamia and government levies only, it will help us to achieve a great leap in banking policy.
The Director General of the Rafidain Bank Dr. Khawla al-Asadi confirmed that all restructuring restrictions have been completed since 2008, indicating that the bank Rafidain and Rasheed Saouhdan their work and putting the sophisticated mechanisms for the advancement of the banking work, denying that the real budget of the Rafidain Bank are to be 125 Trliuna but is 25 trillion dinars
.. Just pointing out that banking secrecy only the names of customers, account numbers and otherwise confined him Fbalamkan announcement demonstrates the transparency.
http://www.alsabaah.iq/ArticleShow.aspx?ID=119854
BAGHDAD Hussein al-Tamimi Tgb
Economist who proposed the issuance of e-dinar and entered in banking transactions, particularly in the area of government levies, as well as work hard to attract the Iraqi currency and introduced into the banking system to encourage the banking savings process, also examined the money and the economy, restructuring the State-owned banks and the balance between them and the private banks experts came during economic seminar organized by the progress of the policy Institute Development.
Economic power
Dr. Mehdi al-Hafez called for the promotion of the banking sector, public and private, both .. returned an essential task in terms of the desired national development, noting that the failure of the Iraqi banking sector to the point where he became a major dilemma must work on them by the concerned economic reform .. explaining that the large size of the banks government exceeded the needs of the local economy, which led to the creation of a big obstacle to the benefit of the banks important economic force in the investment and cash deal .. overall, calling for a restructuring of these banks, especially banks «rational» and »Rivers».
So accept appearance of Dr. Mohammed Saleh, the financial advisor to the Prime Minister and the reality of the government banking sector .. indicating that the sector is made up of seven very large banks acquires the banking arena is absolutely up to 91 percent the proportion of banking assets and up to 86 percent of the deposits of the banking system and therefore, this formation in government deposits sizes up to 65 trillion dinars until the end of 2015 of which 45 trillion dinars, government deposits and deposits of 19 trillion and 10 trillion civil ones with the bank «rational» and »Rivers» and 9 trillion to the private banks.
Apply transparency
He spoke in favor of good governance to separate management from ownership, accountability, transparency, and this can not be achieved easily because the mechanism is working properly causing it to disable boardrooms because of the large interventions by the ministries in the work Banks.
Saleh also highlighted the existence of a strong political will of the government to restructure State-owned banks have been formed a committee headed by the governor of the central bank and there is a sub-committee to follow up the issue of restructuring began Commission is working with the World Bank that has given us through the four map Phase.
For his part, David Abdul Zayer head of the Iraqi National Business Council spoke about the restructuring of State-owned banks in the framework of the timeframe technician specifically takes into account the accumulated problems in these banks to the extent that the recovery of the loans lagging behind the value .. Indicating that the last budget announced by the Bank of Iraq amounted to 125 trillion dinars a No. In order exceeds the state budget, and we all know that this number does not exist and is not accurate, noting that he should not implicate the new administrations of these problems and should stop work to be audited by the company Universal.
Leap
Zayer and stressed that the fight against corruption starts from the introduction of local currency into the banking system, calling for the issuance of e-dinar by Rasheed Bank or Mesopotamia and government levies only, it will help us to achieve a great leap in banking policy.
The Director General of the Rafidain Bank Dr. Khawla al-Asadi confirmed that all restructuring restrictions have been completed since 2008, indicating that the bank Rafidain and Rasheed Saouhdan their work and putting the sophisticated mechanisms for the advancement of the banking work, denying that the real budget of the Rafidain Bank are to be 125 Trliuna but is 25 trillion dinars
.. Just pointing out that banking secrecy only the names of customers, account numbers and otherwise confined him Fbalamkan announcement demonstrates the transparency.
http://www.alsabaah.iq/ArticleShow.aspx?ID=119854
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