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Dinar Updates Tuesday Early AM Chat 12-4-16 Part 1 of 3
ol lar says():GM gang
ol lar says():Looks like the ol Trumpster has gotton under th skin of of Iran, they are testing him out already. They need to be careful because we have thour largest embasy next door and a military base to match.
loop says():The inhabitants of Babylon: Nouri al-Maliki seeks sensational remarks to thwart government Abadi
By Roudao Roudao - Babel called on residents of the city of Hilla (Babil province , center) , Vice President of the Republic to refrain from raising his comments aimed to derail the government of Haider al - Abadi.
One resident said the network Roudao media, "It is the reason behind the fall of Mosul," Nuri al - Maliki ruled Iraq for eight years , and his presence has happened the fall of Mosul, also wonder what is the reason for raising the issue of the replacement of Prime Minister Haider al - Abadi? ".
In another citizen he said that" modern - Maliki did not not in his time, and I think that the current situation is not suitable for the escalation of the conflict between al - Maliki and al - Abadi. "adding , " We demand Maliki refrain from stirring controversy and the statements that aims to thwart government Abadi. "
another, speaking citizen of the city of Hilla (100 km south of Baghdad) said , " the accusation Maliki , the prime minister is rightly, as we do not want to raise question marks for many sensitive issues in the country during the rule of Nuri al - Maliki. "
Vice President of the Republic, Nuri al - Maliki, expressed concern that" the competition for control of Mosul , may create a dangerous situation even in Baghdad , "and accused Prime Minister Haider al - Abadi as" unable to face Turkey and the Kurdistan regional Government and regional ambitions, and followers of Shiite cleric Moqtada al - Sadr. "
Maliki said in an interview published by the newspaper" Wall Street Journal "America, he" does not seek to return to the receiving position Prime Minister, but Abadi "weak must be replaced as soon as the completion of the process of Mosul , " pointing out that "Iraqis want a change."
loop says():The central bank proceed to work with an electronic system for the exchange of credit information
Author: AB, ASJ Editor: AB 12/6/2016 09:30 Long-Presse / Baghdad The central bank announced on Tuesday, to work directly with an electronic system for the exchange of credit information, he promised that the system will leave the old way of relying on paper correspondence, as he emphasized that he will take the sound and rapid decisions in the granting of loans and evaluate the payment and clearing operations.
He said the media's central bank in a statement received (range Press), a copy of it, that "the Iraqi Central Bank began working with an electronic system for the exchange of credit information", noting that "the system allows the government and private banks to the exchange of credit information among themselves on the one hand and between them and the central bank on the one hand Other, and fast, reliable manner. "
The statement added that "the implementation of the new system will leave the old way of relying on paper correspondence dealing with the banks," stressing that "the system will help those banks and their customers both in the credit risk assessment and make sound and quick decisions in the granting of loans and evaluate the payment and clearing operations, from by knowing the credit history of the customer. "
loop says):Iraq gets a second down payment of $ 617.8 million loan from the International Fund
economy Since 06.12.2016 at 11:47 (Baghdad time) Baghdad balances News International Monetary Fund announced on Tuesday the Iraqi government to hand over a second batch of the Fund for a loan worth 617.8 million dollars.
The International Monetary Fund said in a statement, I followed / balances News /, "The performance of Iraq within the agreed reform program, has failed to meet all the required conditions, including a minimum of foreign reserves, and the maximum arrears of foreign oil companies.
The fund added that "the Iraqi government received the second installment of the loan fund, despite the continuing financial pressures faced by the country, as a result of lower oil prices and the war against Daesh."
He pointed out, that "the second installment of the loan value amounting to 617.8 million dollars." While the total value of the loan approved by the IMF for three years, is estimated at 5.34 million Dolar.anthy 29 / A 43
loop says():Nasiri: calls for the adoption of a new methodology for the reform and development of the banking system
Economy News / Baghdad ... He said banking expert and member of the World Union of Arab Bankers Samir Nasiri, said the Iraqi Central Bank is currently implementing his plan for the next five years in the development of policies, programs and mechanisms work according to what you stated Bstratejath years (2016-2020).
He said Alnasiri in an interview I followed "Economy News" that he was "particularly with regard to the applications of monetary policy and the means of supervision and control of the Iraqi banking sector and
this requires that made the study of observations and suggestions are working to address the apparent gap between the financial policies of the state and monetary policies adopted by the Central Bank of Iraq and the requirements counter inflationary pressures and reduce the current expenditure and coordination of plans and programs to achieve the rescue of the Iraqi economy from financial collapse. "
He urged Alnasiri, the bank confirmed its main goal of dealing with inflation and achieve the planned growth in the contribution of the banking sector in the gross domestic Alajamali.alnasiri suggested activation of the Iraqi Central Bank's policy control over monetary policy in the private banking system to support
and to reconsider the policies of lending and mechanisms of credit risk management in the granting of credit for small and medium-sized investment, loans and investment in productive sectors that achieve cash flow clear and revive the economic cycle so as to contribute to the economic development and diversification of financial resources of the public budget.
He pointed out the importance of the Iraqi Central Bank to reconsider studying the possibility of investing sums up the legal deducted from capital in banks, indicating that the frozen funds can invest and benefit from the support of private banks and enable them to expand their investment activities and to search for new banking products also requires the development of bank lending mechanisms suffering from a severe liquidity crisis due to the general economic situation that Iraq is going through.
He called the development, support and stimulate the Iraq Stock Exchange and to find the means and tools that is pushing to raise the market and companies index prices in line, assets and standard output and profits,
at least definitely for the true value of stocks and to prevent speculation that harm the Iraqi assets which does not fit the true and actual value.
He preferred Alnasiri the Iraqi Central Bank to reconsider the instructions for the organization selling the dollar and define the role of banks in the mediation between the customer and the central bank operation,
in addition to determine the responsibility of the ministries of trade, finance and planning in the irregularities committed by some customers and not to blame for the banks Vqt.wachar to the importance of the establishment ( Fund) or (portfolio private) certificates of deposit issued by banks wishing to address the deterioration of stock prices in the Iraq stock Exchange
and the addition of new banking management of the current investment investment climate in the market to stimulate as well as increasing the volume of bank deposits, which leads to increased investment activities of all economic sectors and then to achieve positive impact for investors,
pointing to the establishment of boards of directors in banks approving strategy, operational risks and implementation of the executive management of the bank to ensure that determine the operational risks associated with all types of banking products.
And provide a base of information flowing in the bank, which play an important and key role in establishing and maintaining effective framework for the management of operational risks and follow up on the extent to which banks and an effective system for identifying, measuring and monitoring operational risk as part of risk management.
He stressed to reconsider the provision for doubtful debts in accordance with the list of guiding and re-elasticities and extended extra time for banks to be able to liquidate these debts, most of which go back to earlier periods and most debtors have migrated outside Iraq for security reasons beyond their control and that these ratios lead to a reduction in the profits accruing actually a result of the deduction of these percentages of net profit and thus affect the new investment banking activities.
loop says():He concluded his speech by calling Alnasiri in the Iraqi Central Bank to activate the mechanisms for achieving the goal of developing the banking business by restoring public confidence in the banks because of the special liquidity crunch experienced by some banks.
This requires re-evaluation and classification of banks in the light of the financial results and take corrective and remedial action to save the banks from collapse and to ensure the return of customer deposits to them as well as to ensure equity.
loop says():2017 budget achieved revenues of 7.5% of the non-oil
Business & Finance Economy News / Baghdad ...Adviser to Prime Minister revealed the appearance of Mohammed Saleh, Tuesday, for achieving the 2017 budget revenues by 7.5% of non-oil, stressing the continued success of financial development followed by the government plan.
Saleh said, "The amount of the budget in the next year, not easy at all in addition to an unprecedented in previous governments, a growing non-oil revenues in the budget, which amounted to 7.5% of the total budget, or about 10 trillion dinars."
He added that "the government will seek to increase the percentage gradually, especially after obtaining the sums collection of electrical energy where it costs to produce electricity about 12 trillion dinars, while the government's trillion aggregated and a quarter trillion only Kjbaah," stressing that "the removal of abuses and improve transmission lines and obtaining funds collection will prevent the waste of 40% of the network. "
Saleh pointed to "those steps and actions are in the public interest where the lead to growing economic resources and government support additional amounts contribute to the economic development process of the country."
rcookie says():For the exchange of credit information ... the central bank begins to work in the electronic system (Details)
06-12-2016 01:44 PM Hits: 346 East News -The central bank announced on Tuesday the introduction of an electronic system for the exchange of credit information, which allows the government and private banks to share credit information with each other on the one hand and between them and the central bank on the other hand , and in a way a quick and reliable.
The bank said in a statement, that the implementation of the new system will contribute to the departure of the old way of relying on paper correspondence dealing with banks.
The statement added, he would help those banks and their customers both in the credit risk assessment and make sound and quick decisions in the granting of loans and evaluate the payment and clearing by knowing the credit history of the customer operations.
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rcookie says():The government refuses to give 5 dollars for every barrel of oil producing provinces
Journal News 9 minutes ago Add comment 0 Visit
BAGHDAD - The Journal News MP for the coalition of state law, Jassim Mohammed Jaafar, on Tuesday, said the federal government's budget deficit by 20 trillion dinars are called to go towards loans to bridge the shortfall, it follows "from a third party could give five dollars from each barrel to the producing provinces."
He said Jafar government proposed to give 5% of the price per barrel to the provinces, which could be two out of $ 40, but the deputies oil-producing provinces on condition that the ratio is $ 5.
He said the government would submit a motion to the Federal Court if the proposal was passed, adding that the ongoing war on organizing Daesh and reconstruction of devastated cities cost the government a lot of money and allocations. "
And he sent parliament, on Monday, some of the 2017 budget items to the government to take the approval of the amendments added to it, including the deduction of $ 5 from each barrel and affixed to oil-producing provinces budgets.
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