Backdoc: » April 9th, 2015, 12:13 pm IMO
WOW!! WHAT A MOUTH FULL OF INFORMATION HERE!! (See Article Below)
MERGERS AND ACQUISITIONS IN THE BANKS TO IMPROVE TECHNOLOGIES AND BANKING PROCEDURES AS WELL AS BUILDING A LARGER LENDING CAPITAL RESERVE BASE!
I ALSO LIKE THE WORD "ACTIVATION", OF BANKING TRANSACTIONS!
COULD THIS HAVE SOMETHING TO DO WITH PEOPLE THAT RECENTLY NEEDED VISAS INTO THE COUNTRY WITHIN 72 HRS?
MMMMM MY GUESS IS YES!! THEY NEED SKILLED FOLKS TO IMPLEMENT PROCESSES! WITH 16 COUNTRIES PROTECTING THE BANKS I BELIEVE THEY ARE SERIOUS!
IMO THE HEART OF ACTIVATION OF THE PRIVATE SECTOR WILL BEGIN HERE FIRST BEFORE THEY SHOW US THE RATE MECHANISM WHETHER ITS A FREE FLOAT OR A MANAGED FLOAT.
RETURNING TO ITS PREVIOUS GLORY DOES'NT SOUND LIKE A GRADUAL PROCESS BUT TIME WILL REVEAL THE TRUTH ON THAT SMALL ITEM! LOL
COINS BEING INTRODUCED TO INSURE CONTROL OF THE NOTE COUNT AND PREVENT COUNTERFEITING!
IF THERE ARE ANY LOPPERS OR DOUBTERS READ THIS AND SHUT THE FRONT DOOR !!
SO THEY ARE GIVING EXCUSES FOR WHY THEY HAVE TAKEN SO LONG TO IMPLEMENT DROPPING THE ZEROS AND TURNING THEM INTO HEROS!!
BECAUSE THE FACE VALUE REMAINS AND THEY NEEDED TO REDUCE THE NOTE COUNT, YES, EVEN THE FIFTY BECAUSE A 4 CENT NOTE WOULD BE NEAR OR WORTH OVER 50 BUCKS APPROX.!
NOW THAT WOULD DO SOME FINANCIAL DAMAGE IF THEY WERE NOT REMOVED!
YES, THIS IS WHERE MY EYES LOOK FOR A HEADS UP TO SIGNIFICANT CHANGE COMING, DULY NOTED NOW IN MY BOOK!
8@8, DOC IMO
walkongstick: Parliamentary Finance: the central bank is likely issuance of large coins
Thursday 09 April 2015
Parliamentary Finance Committee revealed on Thursday that the Central Bank is likely to issue a large coins in order to minimize the number, while showed that the Bank supports the merger of private banks.
Said committee member Majda al-Tamimi's "Qurtas News" that "the Commission hosted the Central Bank officials two days ago, to discuss the work of the Bank and its relationship banks, as well as discuss the assets and net reserves of domestic credit and the net in the balance sheet of the bank, and the basis of cash and the impact of increasing oil reserves, which leads to reduce cash basis. "
Tamimi explained that "the central bank justified the lack of implementation of the project to delete the zeros because this process does not reduce the size of the paper," asserting "the benefit of the largest export categories to reduce the number, to maintain the value of the dinar."
Tamimi pointed out that "the Central Bank supported the need for the integration of private banks and activation of banking activity, because most of the banks need to support and strengthen its credit and bank transactions."
Parliamentary Finance Committee, headed by Ahmad Chalabi, the Commission and members of the Committee on April 6 the current central bank governor and his senior staff and hosted.
The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including the Islamic seven, as well as six foreign banks which is distributed by Branch 600 in the whole of Iraq. LINK