Morning News Comments 04/17/2015
Deputy for the citizen: the government and the central bank to control the prices of the dollar
[tlm724] that the government and the central bank responsible for controlling the prices of the dollar and the people's livelihood.
[tlm724] this rise, which are increasingly being priced dollar certainly leaves a negative impact on people's lives."
[tlm724] ya think
tlm724] So I think the responsibility borne by all but the competent authorities and the Central Bank by imposing control over these prices,"
[tlm724] me too !
[tlm724] calling on the government to pursue the matter through the deployment of destinations regulators to control the securities market Finance.
President of the World Bank for the servants, we will contribute to the financing of urgent projects in the liberated areas
[tlm724] head of the World Bank Group Jim Yong Kim, said Friday that the bank will contribute to finance urgent projects related to the liberated areas, pointing out that he would support the economic and financial reforms.
[tlm724] in addition to the urgent projects related to the liberated areas will also support economic and financial reforms
[tlm724] no doubt they have been through it all with Iraq !
[tlm724] so IMF and World Bank steeping up to help, whatever it takes I say Wink
Specialize demanding amend the Banking Act and stress: It has 600 branches and total funds amounted to one billion and 600 million dollars
[tlm724] amend the Banking Act in making these banks contribute to the President of the Iraqi economy,
[tlm724] ya think
[tlm724] that the total capital of Iraqi private banks reached one billion and $ 600 million during 2014,
[tlm724] government has confirmed that it is currently considering a proposed several projects to strengthen infrastructure for private banks and enable them to meet the challenges facing the country.
[tlm724] led to obvious weakness in the banking culture and the decline in international confidence and reverse the role of banks in economic development and the two activities.
[tlm724] the decline in international confidence
[tlm724] that'll do it too
[tlm724] "the Iraqi banks, governmental and private, began to recover after 2003 due to the presence of new laws and a wide area of the deal," adding, "but that" the political and security crisis cast a shadow over the industry and made his steps slow
[tlm724] the political and security crisis cast a shadow
[tlm724] a big shadow !
[tlm724] It seems that private banks are the main concern with the owners, because of the lack of adequate space to handle and diversification of activities
[tlm724] as well as the loss of confidence in the government and the citizen, making their work is limited to a modest activities
[tlm724] as well as the loss of confidence in the government and the citizens
[tlm724] , "the Iraqi private banks did not take the proper horizon because their capital is greater than their deposits,
[tlm724] "it is a strange case because the opposite is imposed, and this thing has been imposed upon because of market management, and the laws prevailing so far. "
[tlm724] it's the laws holding them back !
[tlm724] private banks knot lies banks Law
[tlm724] seems optimistic because of what we have reached the private banks' capital and expand its network in Iraq, despite his claim to amend the Banking Act, which is a node without turning them own evolution
[tlm724] "private banks before the government counterpart in the level of services and the use of modern technologies, and has linked its subsidiaries public departments with modern communications to increase the speed of completion of transactions on the one hand and strengthen oversight and supervision on the other hand,
[tlm724] all linked up so thats outta the way
[tlm724] "Islamic banking has evolved in Iraq, as their number increased from one established in 1993, to eight," and goes on to "a law regulating its forthcoming towards investment operations and Murabaha according to Islamic law."
[tlm724] that "private banks knot lies in the Banking Act, which is still under discussion to amend it,
[tlm724] "the survival of the law without modification cause major problems for private banks because it prevented the simplest rights in transactions such as investing and accept government deposits to move the work and the economy of the country."
[tlm724] laws !
[tlm724] "The Iraqi government can not ignore the role of private banks in the economy and stimulate investment and growth," and shows that "the government is currently considering more than one project to support private banks.
[tlm724] that of those "projects bill to save the financial deposits, and the recommendation to develop a financial government deposits with the private banks
[tlm724] See specialize to the Banking Act of 2004 is a "node" that turns without offering private banks, because of restricted freedom and control the state by the campus to develop their capabilities, and seeking to subjugate the central financial institutions to political influence
[tlm724] led to the rigidity of the Iraqi banking sector, and not to the country for any international classification by the competent institutions and, therefore, not able to any of the banks, government or private, to obtain an international rating,
[tlm724] yep their lack of legislation is biting them in the azz, but we know the World Bank has helped rewrite the banking laws so there is a certain measure of confidence for me anyway that these laws will get done Wink
Parliamentary investment: the coming months will see a shift investment file
[tlm724] the next few months will see a turning point in the investment file
[tlm724] "The financial distress experienced by Iraq requires activation and private investment sector to take its true place in support of the country's economy
[tlm724] the National Investment Commission and the bodies of the provincial investment taking place the third amendment to the investment law and hopefully over the next few months will see the vote After discussing it and read it in the parliament