Central bank: seven Lebanese banks have opened branches in Iraq
[tlm724] seven Lebanese banks have opened branches in Iraq
[tlm724] while noting that he and the Iraqi government are keen to embrace the latest banking technology in state banks.
[tlm724] "there are requests from banks to other Lebanese in order to open branches in the country During the next few days.
[Cutter1] Moving right along and sounding good
[tlm724] "bank to be branches open in Iraq are branches of a serious and efficient and can also be transferred to Iraq this efficiency to the work of the Iraqi banking
[tlm724] Cutter1 yes !
[tlm724] "the Iraqi government and the Iraqi Central Bank are keen to embrace the latest banking technology in state banks all Iraqi
[tlm724] remember the article the other day that said the Lebanese banks would show Iraq the way to the world ?
[tlm724] I love seeing this, it means the CBI is very serious in their efforts to move forward
Rally calls for the application of industrial tariff Aljmrkh "entirely" on imported materials
[tlm724] calls for the application of industrial tariff
[tlm724] Iraqi industrial, federal government apply the Tariff Act entirely on imported materials to support the national product
[tlm724] approved the 2010 Tariff Act, which is one of the important laws of the national economy, he supports the local product, but so far not applied the law correctly *slap*
[tlm724] He added that the current government or the next, which will be after the elections are required to apply the law entirely on all imported materials to support the local industry and development
[tlm724] alrighty then lets do the tariffs fully then
[tlm724] note that is says required Wink
Shammari: Industrial Initiative holds the keys to the wheel of production
[tlm724] as well as activating the role of government-owned banks and banks specialized banks and the private sector civil to provide soft loans to private industry
[tlm724] as well as finding solutions to the problems of deposits, fines and taxes accumulated consequences of the owners of these projects
[tlm724] and activate the Office of Insurance and insurance companies to provide blankets to secure suit the needs of small and medium enterprises
[tlm724] international organizations is the World Bank, remember the center they opened
Delayed adoption of the budget confuse the economic life
[rsp1] Well, yeah, not passing the 2014 budget sure has put everything at a standstill. Nothing confusing about that...just very frustrating that everything is on HOLD. Agriculture progress hasn't been as affected.
[tlm724] rsp1 I was talking with Campy yesterday about this subject, even though the GOI is stalled the CBI is moving forward quick like a bunny going after a carrot
[rsp1] which is really great to see...at least the CBI is doing their part...since the GOI has stalled out.
[tlm724] yes also keep in mind the CBI has the power to enact certain legislation/regulations themselves
Enact laws to support electronic payment system and the balance of payments
[tlm724] show the need for the country to enact legislation governing the payment mechanisms external or internal client companies in this way
[tlm724] known as the payments system as a range of tools, procedures, and tools taken by the monetary authority to facilitate financial payments and settlement obligations between economic units, including debt settlement
[tlm724] "the importance of speeding up the legislation of laws governing the payment mechanism external to the electronic commerce between Iraq and the countries of the world to their importance in the current stage and in line with the requirements of the transition to a market economy as it is a way to pave the way for Iraq's accession to the World Trade Organization."
[tlm724] that there are efforts real by the central bank and the government and private banks to activate the regulations banking modern electronic
[tlm724] The banking systems of modern contribute to improving the payments system by reducing the reliance on cash Cache to maintain levels of liquidity in the banks,
[tlm724] stressing the growing need to speed up legislation to define the legal framework in line with the emergence of e-commerce and spread on a large scale
[tlm724] aimed at boosting confidence in the economy through the creation of a safe environment and a sound banking system and competitive available to everyone
[tlm724] to improve the payments system in Iraq will be reflected on the balance of payments of the country where Stantzm business processes figures accurate and factual determine the true proportion in the deficit and surplus therein
[tlm724] which represents state revenues from abroad and payments to overseas and can be considered as an account that records the value of the rights and debts arising from a particular country and the outside world
[tlm724] the outside world
[tlm724] include the movement of goods and services and capital.
[tlm724] necessary for the WTO Wink
[rsp1] with all the recent articles about other countries coming into Iraq to work and assist, I would think that is a must.
[tlm724] so it appears to me the CBI has the system but they need the supporting legislation to make it all work.
[tlm724] "the importance of speeding up the legislation of laws governing the payment mechanism external to the electronic commerce between Iraq and the countries of the world to their importance in the current stage
[tlm724] if I am not mistaken Shredd has been waiting to see news about this electronic payment system
The growing movement of deposits in Iraqi banks
Experts said Iraqi bankers and deposit transaction in the Government and private banks in Iraq are increasing markedly, reflecting the growing confidence of depositors in the banking systems.
cash deposits had increased during the current year to 70 trillion dinars (60 billion dollars).
"With the growth of the money supply flows into the country in recent years as a result of the increase in economic and development activities, expanded the deposit transaction of money by individuals, businesses and Government."
"deposits, known as fixed and derived mostly from the private sector representing the financial weight of being funds not subject to withdrawal at short ranges.
"This is what gives the banks the ability to dispose of them in the market and flexible Unlike temporary deposits."
the development of banking services, particularly with respect to deposits and withdrawals and attribution and use of financial transfer systems and modern technologies to perform these transactions."
[tlm724] we saw an article similar to this here is the link:
Enact laws to support electronic payment system and the balance of payments http://www.bondladyscorner.com/t92447-enact-laws-to-support-electronic-payment-system-and-the-balance-of-payments
"activity in the deposit transaction means that the Iraqi banking system now have greater confidence from depositors.
[tlm724] this cash flow in and OUT of the banks will stimulate the banking sector and create a booming economy !