Successful initiative of the Central Bank

06/02/2013 12:00 AM

Yasser incumbent

Initiated
by the central bank to meet a number of departments of Iraqi private
banks to listen to the suffering experienced by these banks at a time
when mixed with the Securities and numerous accusations Farbkt
performance and reflected on the currency market and raised fears of
depositors (clients) and prompted them to speed up the withdrawal of
ايداعاتهم and affecting the market came this initiative to
reassure citizens and restore confidence in banks.

we were in a column
earlier and titled (the central bank and the role required) has been let
to such meetings to discuss the problems facing the functioning of the
banking process, considering that the central bank is the sector, which
oversees the affairs of the banking sector, and we now have to Nger this
action
for the benefit of the morning newspaper, considering that the meeting
came in response to our proposal in the previous column.

Draw
the attention of everyone to be problematic banks and the accompanying
statements and accusations are true or false can not be treated in this
way at a time when Iraq is seeking it to create an attractive
environment for investment and that of its requirements to create strong
banking sector with a global reputation and solvency cover the
requirements of companies wishing to invest in the country ,
meaning that any erroneous interpretation and tarnish the reputation of
banks will certainly lead to creating a repulsive environment for
investment and mean survival Iraq without any development and building
or behold development has passed ten years to change and liberation.

Thus,
for اننكر of errors and a defect in applications but to address such
mistakes that stand out in the business بهكذا size and astronomical sums
but may be a natural result of poor application instructions or lack of
understanding as well as may be FAQ contradictory and where gaps to
allow to happen is wrong and all these possibilities are open, but
treatment can not be be
solved and media statements Abaalan arrest warrants through the
departments and the media, including a disservice to the reputation of
banks but resolved lies in the verification by the Central Bank of
mistakes indexed and can be processed administratively اوعن through the
courts if necessary.

For
اننكر having breaches in a small number of banks, but this does not
mean pointing fingers to all banks because it means creating economic
chaos overwhelming to اتحمد عقباها so we invite to listen to the views
of the banks with the instructions issued and knowing their ability to
implement or not, came the new initiative of the Central Bank Hopes to put
points on the characters and it melted the ice between him and the
private banks and reduced the gap between them and believe that things
will be okay in the next few days.


With
regard to money laundering and smuggling of the same is another matter
and we fight with those who support it and beaten with an iron fist
anyone who tries to harm the country's economy, and if the instructions
and procedures so clearly it would be implemented simply and distancing
banks themselves from the mistake that does not bargained in particular,
and it is working freely and check great services to the citizens and abundant profits to shareholders.


Us
is a real need for the establishment of the Iraqi Central Bank to
sustain these meetings and to inform the departments of banks through
which the actions wants to be taken and certainly for the benefit of the
national economy and when it will be banks apply the possible
application and present their views in is not possible to apply it and
so they can be overcome difficulties, the initiative successful and we
will follow a new central by correcting the path of the banks, so as to enhance the reputation of the national economy.


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