10/29/2013 12:00 AM BAGHDAD - morning
rejected the Association of private banks create the concerned sector, banking sector, saying it will not be able to end the problems of the banking sector, but additional burden.
[Bondlady] the cbi wants them to raise more money to back their bank's and their customers also the auctions. You know timmy I was thinking about that the CBI told them all basically to increase their reserves and they were like we can't we need more businesses an accounts etc
[Bondlady] so what did the cbi do next ? They went to stabilize the dinar for 1, they started up the Saturday auctions and they allowed most of the banks to partake right in the currency auctions ?
Read More Link On Right
[Bondlady] k, so we know from the news just how much or what they allow us to know how much they make a day per the CBI
[Bondlady] in the auctions of usd so they cut a price to these banks also and they charge their fees as well so the CBI still makes money and the banks make money too. CBI was hauling in 40,000,000.00 a day from the sale of the usd
[Bondlady] the banks begin to make there money too and imo when the banks that the CBI just decided in the last week or so to not let the continue within the auctions
[tlm724] 12 of them
[Bondlady] maybe they made the grade on what the CBI thought they needed to achieve within those banks reserves so they didn't get to continue with the auctions but the other banks did
[Bondlady] making it where if you wanted to get usd for iqd or whatever you had to go to the banks still allowed to sell hence enhancing their profits more than before and building their reserves to where the CBI wanted it to be
[Bondlady] just my thoughts don't know if its right or not
[tlm724] by way of the auction profits ?
[tlm724] awesome !
[Bondlady] the CBI cut the banks deals remember, CBI was making 13 dinars per 1 usd hence the 40 mill a day profits
[Bondlady] so the rest of the banks still allowed to play in the auctions
[Bondlady] should be ready too if my opinion is correct
[tlm724] wow think you nailed that !
[Bondlady] that gave them 12% more chances and abilities to grow there reserves to the required amounts quickly by stopping the other 12 banks from participating
[Bondlady] so maybe this is right maybe its not won't take long to see though
[Bondlady] we wait
Shara: the coming period more suitable for mineral exploration licenses
Baghdad - and babysit - A member of the Commission on oil and energy MP Furat al-Shara, said the time is right to launch a special licenses Rounds minerals, indicating that the coming period, more suitable for launch.
[Bondlady] a couple years ago I posted some Iraqi facts in my interesting stuff thread
[Bondlady] Iraq's wealth that's still under ground like all there minerals and things phosphorus etc they have so many things not yet brought to life and to add the minerals listings to the oil and gas drawing rights auctions for the different fields
[Bondlady] this will be a huge economic boom within these minerals they have so much yet to be tapped in all aspects
[Bondlady] copper, steel, phosphorus, aluminum, cement any kind of mineral and ore you can think of they basically have it and they needed to do this long ago I've done chats on every aspect of these things thru the years thinking they would do those things soon but as we all know they don't move as fast as us or our business minds to see these things be able to finally come to life as they are talking about them now which they barely did before
[Bondlady] they will be the next Dubai an probably at some point by pass even them economically wise
[tlm724] absolutely, more wealth !
[Bondlady] okies that's what I wanted to say about the articles I posted today that had the minerals stuff included in them
Economists: opening branches of Iraqi banks abroad "firstfruits of hope" for the banking sector after years of isolation
29-10-2013 10:38 AM
[tlm724] that the opening of Iraqi banks abroad, whether governmental or civil, step forward to support the banking sector, and to allow for the possibility of conducting commercial transactions and financial receives
[sisterbreen] rsp1 tlm724 *hallelujah*
[tlm724] that the basis of banking is trust, implementation, and not only open branches without implementation, noting that when the implementation Quick and facilities available Sinhal investors to Iraqi banks. between: that the Iraqi banking system is improving and that the opening of branches of banks will serve this sector and expands investment, calling on the private banks also to open branches to support and strengthen its supplier.
The banks are fueling investment projects, industrial and agricultural, which aims to development of the economy, calling for the need to move to restore economic activity and banking policy and monetary returns positively in economic construction
[tlm724] that these branches would trust banks of Iraq, especially after the liberation of Iraq from the constraints of Chapter VII, and he suffered from wars and economic blockade. said: that the system banking need legislation a new bank to open the way for investment, and give authority over to the Board of Directors and investment companies.
noted that the Rasheed Bank revealed his desire to open branches in 10 Arab and foreign countries, pointing out that the budget of the bank amounted to $ 16 billion
[tlm724] that the Rasheed Bank revealed his desire to open branches in 10 Arab and foreign countries,
[tlm724] The withdrawal of Iraq from Chapter VII, making the Rasheed Bank thinking to invest his money by opening branches in Arab and foreign countries, pointing out that countries that want the bank to open branches which are Romania, Lebanon and the United Arab Emirates, Egypt, Turkey, Iran, China, Malaysia, Jordan and America