Localization of salaries

2016/09/28 | 11:50

(Encyclopedia of the Day News | Iraq News ) - Economy News follow Yasser incumbent talked in a previous column about the main challenges of development loans and we consider difficult equation, and the focus was on the issue of the legitimate concerns of the non - payment Kmaiq the basis of the implementation process.

The comments I received for solutions to the challenge of some of the professors specialists, I can not find it seemed discussed here at the same column.

The proposal made by more than one specialist respect to the settlement of salaries in banks, and they argue that salaries were one of the most excellent guarantees assured banks of the possibility of recovery of loans.

Well, the view is debatable, to get back from the advantages of localization of loans to the citizen and the state alike, as this technique contributes to encourage citizens to semi-compulsory savings and also help him to improve his behavior consumer excessive and contributing to a consumer culture among the family.

This style also contributes to the reduction of dealing with «Cache», and the result will contribute to achieving acceptable to provide liquidity for banks to raise growth rates Aotosea credit and activates the market.

These advantages and others are reassuring citizens in the well-organized revenues but what challenge facing this approach? Of course the loss of confidence in banks due to the course of events encountered in transactions for many reasons.

Question put to specialists that the guarantee to restore confidence between the citizen and the banks? The answer is simply, according to experts, there is a calendar for banks that can be handled standards and this is the responsibility of the Central Bank, with the publication of banks that can be handled by the implementation of international standards and thereby van on the Ministry of Finance to adopt this calendar and allow the resettlement of salaries Viha.hma opinion for discussion, and then we need to address other challenges relating to the rule of law in order to overcome them succeed and achieve success in the implementation of the development program.

The question how long the employees' salaries remain the only true guarantee and fatty to repay all transactions and debt and where this power comes? Certainly the strength of the binding law of the department concerned with the meaning of that law is binding implementation.

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