Post From BondLadys Corner
BondLady & Tlm724 News & Comments 7-17-16
Central counting on the company, "guarantee" to compensate depositors of banks "losers":)
The adoption of the law will be prepared bank deposits confidence Iraqi banks
Central counting on the company, "guarantee" to compensate depositors of banks "losers"
Author: ASJ Editor: BK 15/07/2016 15:13 Long-Presse / Baghdad The Central Bank of Iraq, on Friday, the possibility of compensating depositors of citizens in banks, "losers" in case I worked, "Deposit Insurance" company, while attributing Bankers reluctance of private banks to "liquidity squeeze" as a result of contractors and importers were unable to pay the discharged her.
A member of the Board of Directors, Ahmed Rehn, said in an interview to the (long-Presse), "The Deposit Insurance Corporation, or what is meant by the unity of deposit guarantee, you need time, even working after gathering the necessary capital," adding that "the task of that unit are summarized to compensate depositors in the loss-making banks. "
He added Rehn, that "the company in the event of its work will participate in the compensation of depositors in the loss-making banks after a number of their own financial operations to be able to it," noting that "the Deposit Insurance Corporation will take care of a lot to small depositors will be paid all of their deposits, that are paying most of the deposits medium, but the subject of senior depositors requires other measures to compensate them.
For his part, Managing Director of the Bank Union, Aqeel trouble maker, in an interview to the (long-Presse), "The private banks in general is facing the problem of lack of liquidity, because borrowers contractors, importers did not get their dues from the government is what made them slow to refund discharged banks" he said, adding that "some branches of the central bank did not refer to domestic banks and their deposits."
He pointed out trouble maker, that "it was born big problems to domestic banks with depositors In her work," she returned that "the government should private banks supported by dues contractors and suppliers Exchange to raise the proportion of liquidity in the domestic market and enable them to repay their debts and stroll banking activity."
In turn, the decision of the parliamentary finance committee, Ahmed Hama Rasheed, said in an interview to the (long-Presse), "The banks are required to give deposits to clients," noting that "some banks experiencing administrative problems that the Commission was forced to file a complaint thereon to the Ministry of Finance."
He stressed Rashid, that "private banks monitored by the CBI, which give him a monthly budget," pointing out that "the central bank may use its powers to suspend the operation of any bank acting his money out of contexts, and be liquidity has less of the deposit, and the declaration of bankruptcy."
He predicted the decision the parliamentary finance committee, that "depositors in failed banks crisis resolved when the work of the Deposit Insurance Corporation," stressing that there are "many experiences of this kind in the neighboring countries and the world."
Meanwhile, a member of the Iraqi National Business Council, Firat Habib, in an interview to the (long-Presse), "The problem facing temporary banks, because they suffer from the deposits of the crisis and the influx of liquidity, not losing for being," calling on the central bank to "tighten its supervision and follow-up especially the private banks and ensure liquidity continuously in order to avoid problems. "
Habib felt that "the deposit guarantee law firm will be strongly Banking Act of censorship hand and keep depositors' money and speed up the response to any problem faced and restore confidence quickly to it, especially since the administration officially sanctioned."
He said a member of the National Business Council, that "the banks are working on the recovery of private high to provide liquidity and address the imbalance of financial amounts loan funds and grants depositors amounts that request one at any time they wish," noting that "the central bank put some banks under his tutelage until they correct their work and ensure the rights of citizens. "
Habib stressed that "slough some banks from paying the full amount requested by the depositor under the pretext of lack of financial liquidity constitutes a violation of the laws and calls for the intervention of the Central Bank of Iraq,"
he returned to "Supervision Department and the banking of the Central Bank of Iraq is responsible for monitoring the safety of liquidity of financial markets and its flow and consider complaints and to accelerate the adoption of measures to verify due to non-payment of the banks and the amounts requested by the owner of the funds deposited in the custody of those banks and at any time he pleases. "
The Central Bank announced, in (the seventh of June 2016), for approval of the Cabinet set up a company to guarantee deposits in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than $ 30 trillion dinars.
The Iraqi private banks association, announced (October 2015) that the ratio of deposits to the government banks, ranging from 65 to 68 trillion dinars, of which no more than 22 trillion and deposits of private banks.
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks. LINK
[tlm724] Iraqi National Business Council, Firat Habib, in an interview to the (long-Presse), "The problem facing temporary banks, because they suffer from the deposits of the crisis and the influx of liquidity, not losing for being," calling on the central bank to "tighten its supervision and follow-up especially the private banks and ensure liquidity continuously in order to avoid problems. "
[tlm724] Habib felt that "the deposit guarantee law firm will be strongly Banking Act of censorship hand and keep depositors' money and speed up the response to any problem faced and restore confidence quickly to it, especially since the administration officially sanctioned."
[tlm724] The Central Bank announced, in (the seventh of June 2016), for approval of the Cabinet set up a company to guarantee deposits in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than $ 30 trillion dinars.
[tlm724] chop chop !!!
Vaquero Wow ! That sounds good for many of our pockets when revalue . Very Happy Very Happy Very Happy Very Happy Very Happy
Bondlady confirmed money chunky citizens outside banks of more than $ 30 trillion dinars..... .. ....confirmed that citizens have over 30 trillion dinars What a Face What a Face What a Face under there mattresses at home basically....cause they didn't trust banks ...
remember when I told yall to watch for more an more articles talkin about home invasions basically, and always stealing large amounts of money from them ... from there home....
and possible deaths as well by keepin that kind of cash at home instead of banks? ... this is why.... and it tells us a lot...
the banks need that money back desperately..so there makein sure people know you could be robbed or have a better chance of not being robbed either by thieves or shop owners, .....
see when there moneys deposited it will be available to the people mainly thru the smart cards (basically a debit card of sorts) and they can use this card for cash ....and its catching ...on but its slowly being done tho... an the banks need it done like yesterday...
.not only to make the banking reform work but ...to proceed to the next level they need those dinars to make there way to the banks Wink an then on to the cbi to be destroyed ;)IMO...BL
cstacy] tlm724 good one
[tlm724] thank you very much BondLady, those smart card are activated and being used now for salaries !
[cstacy] I like that
[tlm724] me too less cash
Iraq is witnessing waking warm weather and temperatures up to 48 ° C
Local Since 07.17.2016 at 08:48 (Baghdad time) BAGHDAD balances News General Authority for meteorological and seismic monitoring, Sunday, the weather forecast the next few days will be fair weather warm and the temperature reaches more than 48 m °.
The authority said in a statement received / balances News / copy of it, that "the weather on Sunday will be in all areas Shawwa and warm and temperature forecast in the city of Baghdad (48) m °".
She added, "The weather on Monday will be in all areas Shawwa and warm temperatures approach the previous day."
She explained, that "does not expect a change in the atmospheric condition of the weather on Tuesday from the previous day."
She Authority that "the weather will be next Wednesday in all areas Shawwa and warm temperatures rise a few degrees from the previous day."LINK
tlm724 thats 118.4 °F Evil or Very Mad
Maliki in Sulaymaniyah to meet with officials in response
16/07/2016 07:06 | Direction Press / follow-up MP for the MDC Masood Haider, Saturday, that the head of a coalition of state law, Nuri al-Maliki will visit to the province of Sulaimaniyah today for a meeting with officials in response.
Haider said in an interview, "The information we have indicate that al-Maliki will arrive in Sulaimaniya today, visiting former President Jalal Talabani," noting that al-Maliki "will meet with officials from the Movement for Change and the Patriotic Union of Kurdistan."
Haider said that "the meeting will discuss the situation between the federal government and the Kurdistan region, as well as the general situation in Iraq."
Maliki was announced (June 28, 2016), to support the political agreement between the Patriotic Union of Kurdistan party and the MDC, saying that the agreement will contribute to the solution of disputes between the federal government and the Kurdistan Regional Government.
And signed the MDC leader Nawshirwan Mustafa, deputy secretary of the Patriotic Union of Kurdistan in the Rasool (17 May 2016), a bilateral agreement with the aim of joint cooperation in the political and parliamentary work.
Bondlady believe it or not, lol talibani an malaki always had a pretty good working friendship, it seemed there was mutual respect there between them anyways, and there is big problems between the kurds and the fed gov because of definitions to what certain things defined within there constitution concerning oil and profits and self determination...
more power over there contracts and article 140 which is not only a prob for them both but art 140 is also included in sanctions against Iraq...
art 140 needs to be fixed and decided upon to stop the civle war and define property lines,..its at the criticle stage to get those laws passed an implemented....
talibani did try very hard ....almost ending his life with heart attacks and strokes ...but he loves his country, and he is intervening once again to try to stop the inner fighting between kurds an bagdad...
theres gonna have to be give an take from both sides an neither was gonna give in so talabani tipped the odds a lil, imo plus the shape of there country an economy right now...
I think now they have a great shot to agree to terms or face loseing there country completely...all imo BL
[tlm724] thank you again BondLady !