Cabinet decides to increase the capital of banks and industrial real estate
[tlm724] was also approved to increase the capital of the Land Bank of the amount of $  billion dinars, to 500 billion dinars, of which only  billion dinars for 2014 and $ 250 billion dinars for the year 2015, according to the provisions of Article  of the Companies Act No.  of 1997 as amended.
And increase the capital of the Industrial Bank of the amount of $  billion dinars, only to the amount of $ 500 billion dinars, of which only  billion dinars for 2014, and $ 250 billion dinars for the year 2015,
and is funded by the amount of the increase over the search of the public treasury within the allocations the federal budget for the financial year 2014 /, based on the provisions of Article  of the Companies Act No.  of 1997 as amended.
[tlm724] Shredd they are funding the banks
[Shredd] prepping for fractional banking
[tlm724] they have talked a lot about loans also
[Shredd] yup, that's what I'm saying.....lending power
[tlm724] explain to me again about fractional banking please
[Shredd] well in a nutshell, lending power based on capital balances
[tlm724] so the more money in, the more out kinda ?
[Shredd] sort of, think of it as cash inventory for sales (usage)
[Shredd] its the practice where a bank holds reserves in an amount in relation to satisfy potential demands for withdrawals.
[Shredd] Reserves are held at the bank as currency, or as deposits reflected in the bank's accounts at the central bank.
[tlm724] covering the withdrawals ?
[Shredd] exactly and also fractional-reserve banking permits the money supply to grow
[Shredd] this is all about managing supply
Restructuring of the industrial sector to support GDP
[tlm724] called for an economist to the need to restructure the industrial sector and the direct transfer of public companies about the partnership with the private sector for the implementation of the economic program clearly defined,
[tlm724] all needed of course but also defining the private and industrial sectors and establishing a trade regime within the framework of international standards (WTO)
[tlm724] pointing to the importance that the strategic plan be developed for the advancement of the sector by providing the necessary support and protection of the output from the importer that produces far from the quality specifications.
He pointed to the importance of tightening control over border crossings and the development of testing laboratories across the ports and not to allow the entry of goods not afford quality components.
[tlm724] this is an important statement " authored an advisory board of professionals in the private sector and representing the Iraqi economy will Help economic commissions concerned legislation important economic laws in the country as well as the importance of faith economic changes and a shift from a centralized to a market economy and the economy down to an active and influential"
[tlm724] that advisory board is the World Bank helping them move into a market economy Wink
[tlm724] the implementation of projects and that this trend contributes to the advancement of our companies, as the business referred to them have earned financial resources and new profits contribute greatly to the development of the executing companies and supply its advanced technology
[tlm724] technology will link them all, helps with transparency and accounting of the profits etc
Experts call for integrated reforms to protect resources
[tlm724] experts and specialists in economic affairs on the necessity of a reform package to protect the country's resources and investment as the best came during a seminar held by the Institute of the progress of policy development
[tlm724] after the adoption of the budget and it included an ambitious plan to resolve the problems of more than 192 companies from the public sector deactivated
[tlm724] *hallelujah* chop chop
[tlm724] the budget led to a delay in the implementation of many projects, especially those carried out by the private sector, which climb on his shoulders parasitical Aimitlkon experience and competence, leading to the worsening of a lot of problems, including the migration of capital abroad and the growing rates of unemployment, poverty and migration of young people in search of jobs.