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Post From Peoples Dinar
Millionday News Time 7-11-16 Part 2 of 2
millionday Sheikhli said Director General of the banking and credit of the Central Bank of Iraq Ihsan Yasiri that the problems experienced by the state such as poor liquidity , or the public treasury deficit led to ease the central bank and the relevant authorities of the ten entrepreneurs from contractors creditors after their borrowing money from banks.
millionday Yassiri added in an interview with «morning» that brackish financial facing the country have made the government reluctant to pay their dues is what made them indebted to banks and thus coincided with a liquidity shortfall in paying customers dues.
He Yasiri the central bank to remedy this situation and decided in coordination with the government, to issue bonds on behalf of creditors the size of the government 's indebtedness to contract
millionday NOTE -- THE DEBTS WILL BE AS PLANNED COVERED BY BONDS -- GOV BONDS UPON AGREEMENT OF CBI
millionday explaining that what happened is the issuance of up to 40 percent of the debt of sovereign bonds guaranteed by the government and duration of 3 years and interest rate of 5 percent. he pointed out that the Ministry of planning in turn data and information base will complete soon and paid to The central bank ,
millionday NOTE -- 3 YEAR BONDS AS ACCOUNTS RECEIVABLES TO COVER DEBTS
millionday which was commissioned to manage it , as the Ministry of Finance is the representative of the government, when a contractor asks amount of two billion dinars being executed contract for a government entity to come Mlbg two billion letter from the Ministry of planning, the central bank issued a bond at 40 percent of the amount of two billion ie we will issue a bond up to 800 million dinars a neighborhood support.
millionday NOTE -- EXPLAINING HOW THIS WILL IMPACT VIABLE AMOUNTS TO ENSURE CONTRACTS
millionday He Yasiri been allocated to three state banks (Rafidain and Rasheed, and Bank of Iraq to the trade) to deal with this meal and we asked these banks to deduct these bonds interest, pointing out that this decision is one of the most important decisions taken after the year 2003 by the financial authorities and the cash to solve a big problem for the creditors of the government.
millionday SMILE - THIS IS COVERED BY THE THREE BANKS TO COVER AND ENSURE ABILITY TO COVER AMOUNTS DUE TO CONTRACTS
Millionday «Marshall Iraq» Yasiri pointed out that the project «Marshall Iraq», which represents the central bank 's initiative to support the liquidity of banks in lending to support the economy and to meet the needs of investors and enhance liquidity for lending, guarantees two initiatives for the first allocation trillion dinars enhance the liquidity of private banks to support small and micro - enterprises ,
Millionday NOTE - THE AMOUNTS TO THESE MAJOR BANKS IS TO MOVE FORWARD WITH CBI INTIATIVE AND ALSO SUPPORT THE LIQUIDITY NEEDED TO SECURE INVESTORS FEARS OF RETURN ABILITY
Millionday and these trillions dinars go to the banks where they are granting customers a loan of an amount not exceeding 50 million dinars for the various needs it , and the central bank will examine these transactions and is filed calculates the bank 270 million dinars called enhance liquidity and some banks suggested we should give it an advance in advance were given advance. support projects and adds
Millionday NOTE -- THIS IS OBVIOUSLY STATING THAT CBI HAS GIVEN THE GO AHEAD AND THE FUNDS ARE TO BE DISTRIBUTED TO IRAQ'S BANKS
Millionday Yasiri The second measure is to support medium and large enterprises to allocate five trillion dinars . this amount includes the productive sectors Kalzerai and industrial and housing this money was distributed to support the liquidity of agricultural banks and industrial real estate and housing fund joint where they took Trliuna and 600 billion dinars.
Millionday NOTE -- UNDERSTAND THIS IS FOR ALL -- MEANING THIS AMOUNT IS THE FEDERAL AMOUNT FOR ALL
millionday ;the launch of the project and put specific periods not exceeding in the extreme cases for 45 days and must lend the bank his client, and the central bank took it upon himself to fight all forms of corruption in order to ensure not to harm these efforts and not to scatter the money being the people 's money, as we have a study on the projects of young people.
millionday Said Iraqi Interior Minister, Mohamed Salem Al Ghabban, resigned from his post, after two days of bloody Karrada bombing, which killed nearly 200 people after. Ghabban said that the explosives used in the attack came from Diyala, according to our sources reported.
A car bomb has exploded in the densely packed with shoppers in the Karrada district of the Iraqi capital, Baghdad, on Sunday, and also led to the injury of more than 200 people in
millionday NOTE -- REMEMBER THAT ALL PROXY IS BEING PULLED TO BE PERMANENT OFFICIAL AND IS PART REPORTABLY OF PARLIAMENTTOMORROW
millionday After Karrada attack shortly, a roadside bomb exploded near a popular waterfall in the market area north of Baghdad, the people, which led to the fall of the six dead and 12 injured.
Following the attack called on Iraqi Prime Minister Haider al-Abadi to accelerate the execution of death sentences imposed on those convicted on terrorism charges.
millionday THE INTERIOR MINISTER HAS RESIGNED
millionday BANKING MERGERS
millionday The banking merger one of the means to Petrchin solvency of banks , which is an important means also to the principles of corporate governance discreet and good governance to them.
There are international experiences in the developed countries has pursued this style any merger banking is not a financial deficit but to cemented competitive strength in the market and through the exchange of views and take advantage of technology modern and
millionday NOTE -- THEY ARE EXPLAINING THE IMPORTANCE AND BENEFIT TO THE CITIZENS ABOUT MERGING BANKS
millionday take advantage of technology modern and available in which to complete the technical quorum. caught my attention was the news I read on one economic locations that the bank «first Gulf» and » the Abu Dhabi National» have agreed to the merger,
and there is an expectation the possibility of merger of «commercial Bank of Dubai» with «Union National Bank» question Is that this bank does not hold a financial solvency in order to continue to provide
millionday its services in the financial market? the answer is definitely both because it is one of the ancient banks but found in the integration of great importance in achieving strong competition with global banks and even local and Salah different banking for policy.
millionday NOTE -- THEY ARE TALKING ABOUT THE NEW AND MORE ADVANCED WITH THE OLD AND MORE SECURE AND TRUSTED
milliondayI find in this integration task and transparent message of the importance of deepening culture of integration we have here in Iraq, this example markets because our banks is convinced integration of lack of understanding in the sustainability of the banking business in the market process
millionday NOTE -- THE EXPERIENCE IS ALSO A RESOURCE
millionday I think that the approach of the merger , which has long called for by the central bank is the most important in its application here in Iraq to rescue banks that Atqoy competitive collapsed some what led to the imposition of wills them to bankruptcy. I find here that is the duty of the Association of banks to carry out an important role for the translation of nose - mentioned letter through the program guide in cooperation with the central bank
millionday NOTE -- THEY HAVE DECIDED TO MERGE AND HAVE EXPLAINED THE BENEFITS SO HUGE MOVES FOR IRAQ IN THE QUEST TO GO GLOBAL COMPETITIVELY
Suzannebaker59 Is this what we have been waiting on all of these years? Is this the real turning point?
millionday THIS IS PROGRESS IN IRAQ AND FOR THE ECONOMIC BANKING ADVANCEMENT AND ITS REFORMS
Bling Bling MD you are bringing more fils than I can handle
millionday LET ME LOOK TO SEE WHAT ELSE WE HAVE
millionday Committee of economy and investment representative confirmed that the activation of the private sector in the country will contribute to move the economic situation. Said committee member Nora Albjara in an interview for "Economy News", that the Iraqi economy so much from a lack of strategy and political will for the purpose of promotion, despite the challenges we face because of the collapse in oil prices
millionday NOTE -- THE PRIVATE SECTOR WILL BRING DIVERSITY REQUIRED BY A HUGE TRADE ORGANIZATION AND ALSO BRING IRAQ LIQUIDITY DUE TO WORK FORCE AND ALSO REVENUES FROM TRADE
millionday It said it became necessary to look at the real processors out of the economic crisis in the country by building a strong economy where no one disagrees that no economy can grow without resorting to the private sector.
She continued, saying that the current government has taken measures to activate the private sector as the security situation as possible to participate in the construction of this vital sector also needs to be legislation to provide laws for the purpose of development because it is very important for the advancement of the country.
millionday SO AS WE SEE THE ADVANCEMENT OF THE PRIVATE SECTOR IS TO MOVE ON THE ECONOMIC ADVANCEMENT FOR IRAQ -- ALL ABOUT STABILITY AND CITIZEN STABILITY
millionday SO AS YOU SEE THE NEWS IS GREAT AND WE SHALL MEET HERE TOMORROW TO SEE WHAT PARLIAMENT GETS DONE –
IT IS SUPPOSED TO BE THE LEGISLATION IN PLACE FOR ALL REFORMS THAT IS TO BE VOTED THROUGH TO LAW –
ALSO THE AMNESTY READY TO BE VOTED FOR LAW AND FEDERAL COURT AND ALSO THE REMOVAL OF ALL PROXY POSTION HOLDERS TO PUT IN PLACE PERMANENT GOV OFFICIALS FOR THE REFORMS –
THE KURDS ARE COMING AS THEY SAID AND THIS SESSION IS TO MOVE ON THE REFORMS PRO
Millionday GOOD TO SEE EVRYONE AND SEE YOU HERE TOMORROW AT 730 SO WE CAN LOOK AT THE NEWS