"The interbank market" provides liquidity and sets interest rates
Page 1 of 1
"The interbank market" provides liquidity and sets interest rates
Monday 24 June 2019
Baghdad / Mustafa al-Hashemi
The Central Bank announced recently the launch of the inter-bank market (FX, Money Market) platform to boost the role of the interbank market, which plays a pivotal role in the economies of countries, Private banks, and specialists in the banking sector that this step was to strengthen confidence between the Central Bank on the one hand and local banks, both government and private, on the other.
The inter-bank market is part of the central bank's monetary policy and aims to provide liquidity and set interest rates on lending.
Limited handling
Between banking specialist Adel al-Nuaimi that "the system of the inter-bank market in Iraq exists between state-owned banks for the purpose of providing liquidity for large amounts of loans, while note that the deal is not negligible among private banks."
He added that "the launch by the Central Bank of this platform will meet the need of the banking sector to activate the work of this system and expand, because of its importance in the money sector".
Financial Market
The central bank has stated that this platform "establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq, as well as increasing cooperation between banks and improving their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market."
And "the need to strengthen the relationship between all local banks," government and civil "working in Iraq on the one hand and the Central Bank on the other.
He pointed out that this step will coordinate and understanding between banks and the Central Bank and reflected positively on the performance of the banking sector, which should take an active role in the stage Current situation ".
Exchange of trust
Al-Naimi stressed the importance of separating the administration from capital and the restructuring of government banks because this will contribute greatly to the activation and activation of this market, which requires the exchange of confidence between all banks by providing data on the transactions of borrowers for large amounts and data related to the banking operations and activities carried out by these banks to central bank".
He explained that "the role of the central is to supervise and control the performance of this market and maintain the stability of prices," stressing that "expanding the deal with this market would improve the conditions of banks by applying standards on transparency, thus contributing to the best results of the banking system in general."
Within the framework of these procedures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and among a number of banks operating in Iraq with the support of the Association of Iraqi Private Banks.
Banking Performance
The economic academic, Dr. Majid al-Baydani said in an interview earlier "morning" that "the non-activation of this system will reflect negatively on the performance of banking, which is still waiting for his chance to integrate into the economic process."
"The importance of such a market is evident among private banks so that the economy can rise strongly because the emerging economies are focused on the activity and effectiveness of banks in granting credit and launching various loans for small and medium-sized enterprises that achieve profits as well as improve price discipline in the market."
http://alsabaah.iq/10473/%D8%B3%D9%88%D9%82-%D9%85%D8%A7-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%AA%D9%88%D9%81%D8%B1-%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D8%A9-%D9%88%D8%AA%D8%AD%D8%AF%D8%AF-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9
Baghdad / Mustafa al-Hashemi
The Central Bank announced recently the launch of the inter-bank market (FX, Money Market) platform to boost the role of the interbank market, which plays a pivotal role in the economies of countries, Private banks, and specialists in the banking sector that this step was to strengthen confidence between the Central Bank on the one hand and local banks, both government and private, on the other.
The inter-bank market is part of the central bank's monetary policy and aims to provide liquidity and set interest rates on lending.
Limited handling
Between banking specialist Adel al-Nuaimi that "the system of the inter-bank market in Iraq exists between state-owned banks for the purpose of providing liquidity for large amounts of loans, while note that the deal is not negligible among private banks."
He added that "the launch by the Central Bank of this platform will meet the need of the banking sector to activate the work of this system and expand, because of its importance in the money sector".
Financial Market
The central bank has stated that this platform "establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq, as well as increasing cooperation between banks and improving their ability to diversify the financial services of their customers and attract the commercial and financial operations available in the market."
And "the need to strengthen the relationship between all local banks," government and civil "working in Iraq on the one hand and the Central Bank on the other.
He pointed out that this step will coordinate and understanding between banks and the Central Bank and reflected positively on the performance of the banking sector, which should take an active role in the stage Current situation ".
Exchange of trust
Al-Naimi stressed the importance of separating the administration from capital and the restructuring of government banks because this will contribute greatly to the activation and activation of this market, which requires the exchange of confidence between all banks by providing data on the transactions of borrowers for large amounts and data related to the banking operations and activities carried out by these banks to central bank".
He explained that "the role of the central is to supervise and control the performance of this market and maintain the stability of prices," stressing that "expanding the deal with this market would improve the conditions of banks by applying standards on transparency, thus contributing to the best results of the banking system in general."
Within the framework of these procedures, the Central Bank sponsored a technical workshop between one of the leading international companies in the areas of financial solutions and among a number of banks operating in Iraq with the support of the Association of Iraqi Private Banks.
Banking Performance
The economic academic, Dr. Majid al-Baydani said in an interview earlier "morning" that "the non-activation of this system will reflect negatively on the performance of banking, which is still waiting for his chance to integrate into the economic process."
"The importance of such a market is evident among private banks so that the economy can rise strongly because the emerging economies are focused on the activity and effectiveness of banks in granting credit and launching various loans for small and medium-sized enterprises that achieve profits as well as improve price discipline in the market."
http://alsabaah.iq/10473/%D8%B3%D9%88%D9%82-%D9%85%D8%A7-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D8%AA%D9%88%D9%81%D8%B1-%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D8%A9-%D9%88%D8%AA%D8%AD%D8%AF%D8%AF-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9
Similar topics
» *********** The interbank market
» The interbank market rise in the banking sector
» Global central banks discuss interest rates
» High interest rates attract investment limit
» Dollar exchange rates in the stock market today
» The interbank market rise in the banking sector
» Global central banks discuss interest rates
» High interest rates attract investment limit
» Dollar exchange rates in the stock market today
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|