An international expert: ready for the development of the banking sector to be absorbed
[tlm724] is expected to join Stnadr Bank to the activities of the Association and leading to the development of its relations with international banks.
[tlm724] pointed out that the statistics prepared by the CBI for Number of branches of private banks has reached 600 branches across the country,
[tlm724] indicating that their capital amounting to up to six billion dollars *wolfwhistle*
[tlm724] what has been implemented from the recommendations of the Conference of the Iraqi banking Lebanese
[tlm724] this is great, the international experience of the Lebanese banks and Standard Charter is exactly what Iraq needs.
The total combined capital available for investment is impressive and when the private banks are merged into the banking system the Iraqi banking sector will be complete.
[tlm724] kind of like the spokes on a wheel . all present and accounted for, everyone loaning money and making the market strong !
[tlm724] very impressive !
[RCS1947] you bet!
[tlm724] lets face it Iraq needs a lot of help and imo there is no more important sector right now than the banking sector
[tlm724] with the CBI moving forward with e banking and the GOI with e governance I am very excited
Trade: single-window keeps the flow of import
[tlm724] single window means all the available information and regulations and licensing is one location, simplifying things for everyone
[tlm724] said Alloush "morning": that "Vacations are awarded on the basis of quality time, or quantity, and time on the basis of price and the origin of specific, while possible to be one of the origins of multiple because Iraq is open to all countries of the world and trader seeks to provide country needs.
"He also between roles complementary to grant import licenses and lies in the role of standardization and quality control, the protection of the national product, and consumer protection, especially it's interconnected with each other, in addition to the application of tariff law at all border crossing points, including the ports of destination of the Kurdistan region.
[tlm724] between roles complementary to grant import licenses and lies in the role of standardization and quality control, the protection of the national product, and consumer protection, especially it's interconnected with each other
[tlm724] in addition to the application of tariff law at all border crossing points, including the ports of destination of the Kurdistan region.
[tlm724] including Kurdistan ! that's right the Kurds are part of Iraq and this means they have to follow the rules set for import and export, receive their fair share as well as give their fair share
Through this regulatory action, the need to review the banks concerned, whether public or private before obtaining import licenses, and the opening of letters of credit, to be seamlessly correct
[tlm724] what leads to bypass the manipulation of the exchange rate of the dinar,
[tlm724] so not only does this have to do with import licensing but it also deals with the money flow for the imports and keeping the banks up to par
[tlm724] all this must be done through the single window process as mentioned above
[tlm724] , as agent said Commerce Minister Yahya Ithawi in a press statement: "The application of this system will reduce the" fraud " and to maintain the smooth flow of imports, as will shorten distances and reduces steps in coordination with the relevant departments Kalheiih General Administration of Customs and border crossings in addition to the departments concerned to grant the license in the ministry, as well as providing data fast and extended about export operations and from various ports in the country.
[tlm724] this will facilitate a system of flow of imports and exports, for ALL of Iraq electronically from the borders to the relevant ministries and to the bank ! A tight grip on customs and the ports .
[tlm724] this is great to see and if you put it together with the first article about the private banks we can see where Iraq is heading, they are modernizing, moving forward using international standards in banking as well import/exports ! Just amazing !
[Shredd] tlm724 and all this compliance for private banks
[tlm724] Shredd yes !
[Shredd] has a future purpose and is a strong indicator for anticipated growth in the private sector
[Shredd] if there was no hope of this, the continued focus would not be here
[Shredd] private banking = lending & borrowing!
Transfers control of the liquidity and financed temporary disability
[tlm724] Shredd is this THE bonds or regular T bills ?
[Shredd] 6.37 is good for ROI, very good for Iraq
[tlm724] well they are selling to supplement the budget
indicated that the plan's central bank this year to sell Hawwalath include the establishment of 26 auction of 91-day systems, including 17 auction was most recently in the nineteenth of this month, where the value Asdaria amounting to 200 billion dinars decision sold in each auction.
[tlm724] 91 days those are T bills right ?
[Shredd] these look like it, yes
[tlm724] ok ty
[Shredd] not the sovereign bonds
[tlm724] darn, well getting closer
[Shredd] t bills in the generic sense of course
[Shredd] yes closer
[tlm724] of course
[Shredd] and again, a great return
Recovery indices of the Stock Exchange, compared with the beginnings of events
[tlm724] so the stock exchange is fluctuating due to the security situation , up and down, there will be higher gains and more trading as the GOI gets set and settled down
[tlm724] pointed to the existence of selectors in front of so ideas must cooperate concerned authorities to remove them in the forefront of disguised unemployment experienced.
sovereign fund and continued saying: that the formation of a sovereign fund must find a place within the roadmap ahead for the development of the local economy,
pointing out that this fund helps to provide effective solutions for the advancement of infrastructure projects needed by the country, especially that all Iraqi cities need to projects strategy raises the level of services in the country.