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Capital movement

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Capital movement Empty Capital movement

Post  Admin Wed Jul 18, 2018 10:54 am

18/7/2018 12:00 am

Haidar Kazem al-Baghdadi
Money is the key to the banking sector, which is the cornerstone of the economic development process adopted by global economies around the globe.


The activation of the movement of money in Iraq is a necessity for the resulting direct and indirect benefits to all sectors, hence the importance of the movement of capital within the domestic banking system, which would prefer to be a capital cycle within the country.


When the Council of Ministers decides to spend 40 percent of the dues of the contractors, he sent hope to the banking sector to activate the financial activity within the financial institutions, which represent the movement of money.


This ratio extends beyond the banking system. It strengthens the confidence between the government and the private sector effort of "companies or contractors", which is of great benefit to the national economy, especially after the task of managing the national economy to the private sector.


Strengthening the market with new capital that strengthens the working reality and moves the local markets into a new stage of activity that requires him to communicate with the advanced financial products needed by the field of work and international companies, which requires large financial movements through sophisticated banking products.


The entitlements of contractors in case of disbursement will work to develop the reality of the economy, where the private sector will move towards the implementation of new projects benefiting from the capital, which entered the market and moved joints, and dealt with many problems suffered by the field of local work.


And when we talk about attracting money buried in homes, we are talking about a large financial bloc change the reality of the movement of money inside Iraq, especially as estimates of experts and stakeholders confirm the existence of more than 85 percent of the size of the Iraqi currency is confined to homes.


The movement of the bloc in the direction of the banking sector is necessary and leads to the creation of a banking sector developed, through competition in the field of work, which in all cases serve the national economy, after the expansion of financial transactions and the introduction of advanced systems provide services to beneficiaries in all regions of Iraq without exception .


The country needs to activate the movement of capital to move the labor market and create a state of competition between our banks in the provision of services and thus have created a banking sector competing with regional banks at the very least.


http://www.alsabaah.iq/ArticleShow.aspx?ID=160155

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