BLC CHAT: The Iraqi government lifted the roof 04/23/2015
The Iraqi government lifted the roof of banking transactions for citizens
http://ift.tt/1Drh8A0
[tlm724] The Iraqi government lifted the roof of banking transactions for citizens, thats nice !
[tlm724] yeppers the Iraqi government lifted the roof on withdraws by an increase of $ 63,388 per transaction for large purchases like real estate etc...
[tlm724] the government's attempts to control the phenomenon of the adoption of the dollar in the Iraqi market through large daily transaction
[RCS1947] Very Happy
~~~
The Iraqi government lifted the roof of banking transactions for citizens
http://ift.tt/1Drh8A0
[tlm724] The Iraqi government lifted the roof of banking transactions for citizens, thats nice !
[tlm724] yeppers the Iraqi government lifted the roof on withdraws by an increase of $ 63,388 per transaction for large purchases like real estate etc...
[tlm724] the government's attempts to control the phenomenon of the adoption of the dollar in the Iraqi market through large daily transaction
[RCS1947] Very Happy
~~~
[tlm724] to control the phenomenon of the adoption of the dollar
[tlm724] to control the phenomenon of the adoption of the dollar
[tlm724] because of the scarcity of local currency
[tlm724] we better look at the whole article
[tlm724] The General Secretariat of the Council of Ministers directed to raise the ceiling certified instruments issued by private banks from 25 million dinars to 100 million dinars maximum procedural transaction
[tlm724] which is by citizens with government departments
[tlm724] we are working on the establishment of the Ministry of Finance to compel government departments to accept certified instruments issued by private banks, and coordination between the Finance and the Central Bank of Iraq and the Association of private banks to put controls and mechanisms are clear and specific to deposit employees and pensioners in private banks
[tlm724] to put controls and mechanisms are clear and specific to deposit employees and pensioners in private bank
[tlm724] so deposit their salraies in the private banks which will increase the banks liquidity and include a guarantee the rights of depositors !!!
[tlm724] in addition to the establishment of the Iraqi Central Bank and government to study the possibility of banks lending to private banks to finance small and medium enterprises. "
[tlm724] so the state banks will provide funds for the private banks so as to increase the wheel of commerce
[tlm724] "The Committee decided that the Trade Bank of Iraq to open lines of credit to the private banks, under the supervision of the Central Bank of Iraq
[RCS1947] ease of banking for small business and individuals
[tlm724] yes RCS !
[tlm724] under the supervision of the Central Bank of Iraq, and the emphasis on activating the role of the financial court, as stipulated by the banks, according to the law of the Central Bank of Iraq and not to resort to other courts.
[tlm724] according to the law of the Central Bank of Iraq and not to resort to other courts
[tlm724] now thats a fact jack, the CBI has full authority and their law is king when it comes to monetary poilcy !
[tlm724] It was also decided also discuss "the possibility to take advantage of the reserve requirement for private banks, and the approval of the recommendations controls letters of guarantee, and the emphasis on Finance and the Central Bank on the opening credits to the private banks up to 10 million dollars without passing through the Iraqi Trade Bank."
[tlm724] on the opening credits to the private banks up to 10 million dollars without passing through the Iraqi Trade Bank.
[tlm724] now thats big ! This will help the private banks ensure they have business , remember how we talked about their hands being tied, no one making depostis, no confidence from the people
[tlm724] "the economic committee and sent to the bank Rafidain and Rasheed deposit part of their money to the private banks, in exchange for soft benefits, the private investment of these funds in investment projects of private banks,
[tlm724] the private investment of these funds in investment projects of private banks,
[tlm724] they are finally merging the private banks into mainstream financing
[tlm724] and the establishment of the Iraqi Central Bank to submit a draft deposit guarantee the necessary speed
[tlm724] draft deposit guarantee the necessary speed , they better fast track that one and the other banking laws before it's too late !
[tlm724] to control the phenomenon of the adoption of the dollar
[tlm724] because of the scarcity of local currency
[tlm724] we better look at the whole article
[tlm724] The General Secretariat of the Council of Ministers directed to raise the ceiling certified instruments issued by private banks from 25 million dinars to 100 million dinars maximum procedural transaction
[tlm724] which is by citizens with government departments
[tlm724] we are working on the establishment of the Ministry of Finance to compel government departments to accept certified instruments issued by private banks, and coordination between the Finance and the Central Bank of Iraq and the Association of private banks to put controls and mechanisms are clear and specific to deposit employees and pensioners in private banks
[tlm724] to put controls and mechanisms are clear and specific to deposit employees and pensioners in private bank
[tlm724] so deposit their salraies in the private banks which will increase the banks liquidity and include a guarantee the rights of depositors !!!
[tlm724] in addition to the establishment of the Iraqi Central Bank and government to study the possibility of banks lending to private banks to finance small and medium enterprises. "
[tlm724] so the state banks will provide funds for the private banks so as to increase the wheel of commerce
[tlm724] "The Committee decided that the Trade Bank of Iraq to open lines of credit to the private banks, under the supervision of the Central Bank of Iraq
[RCS1947] ease of banking for small business and individuals
[tlm724] yes RCS !
[tlm724] under the supervision of the Central Bank of Iraq, and the emphasis on activating the role of the financial court, as stipulated by the banks, according to the law of the Central Bank of Iraq and not to resort to other courts.
[tlm724] according to the law of the Central Bank of Iraq and not to resort to other courts
[tlm724] now thats a fact jack, the CBI has full authority and their law is king when it comes to monetary poilcy !
[tlm724] It was also decided also discuss "the possibility to take advantage of the reserve requirement for private banks, and the approval of the recommendations controls letters of guarantee, and the emphasis on Finance and the Central Bank on the opening credits to the private banks up to 10 million dollars without passing through the Iraqi Trade Bank."
[tlm724] on the opening credits to the private banks up to 10 million dollars without passing through the Iraqi Trade Bank.
[tlm724] now thats big ! This will help the private banks ensure they have business , remember how we talked about their hands being tied, no one making depostis, no confidence from the people
[tlm724] "the economic committee and sent to the bank Rafidain and Rasheed deposit part of their money to the private banks, in exchange for soft benefits, the private investment of these funds in investment projects of private banks,
[tlm724] the private investment of these funds in investment projects of private banks,
[tlm724] they are finally merging the private banks into mainstream financing
[tlm724] and the establishment of the Iraqi Central Bank to submit a draft deposit guarantee the necessary speed
[tlm724] draft deposit guarantee the necessary speed , they better fast track that one and the other banking laws before it's too late !
[tlm724] As has been the "special private banks urged to find partnerships with international banks to create investment opportunities and operation of labor," in addition to "educate citizens to deposit their money in banks.
[tlm724] that is why there have been so many articles and statements from the Private Banking Assocation lately, they have been screaming for help and inclusion in the banking sector and now they have it
[tlm724] thank you Rocky for posting this awesome article ! Does anyone have comments or questions ?
[RCS1947] I like it!
[tlm724] me too and it proves they are serious about the economic reform ! I look forward to Shredd's reply to this one !
[RCS1947] yes
[tlm724] these are the moves that will bring about a strong financial system in Iraq and with that strength comes the courage and confidence to go forward with the currency reform !!! NO doubt about it and this is just what the doctor ordered !! ( Dr. Shabibi that is ! )
http://ift.tt/1Drh8Qk
[tlm724] that is why there have been so many articles and statements from the Private Banking Assocation lately, they have been screaming for help and inclusion in the banking sector and now they have it
[tlm724] thank you Rocky for posting this awesome article ! Does anyone have comments or questions ?
[RCS1947] I like it!
[tlm724] me too and it proves they are serious about the economic reform ! I look forward to Shredd's reply to this one !
[RCS1947] yes
[tlm724] these are the moves that will bring about a strong financial system in Iraq and with that strength comes the courage and confidence to go forward with the currency reform !!! NO doubt about it and this is just what the doctor ordered !! ( Dr. Shabibi that is ! )
http://ift.tt/1Drh8Qk
via Dinar Recaps - Our Blog http://ift.tt/1GqgqZL
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