Post From BondLadys Corner
BLC Admin tlm724 News & Comments 1-10-16 Part 1 of 2
50 banks sell the dollar does not participate in the financing of strategic projects
BAGHDAD / Muhannad Jawad Counting experts and officials, bankers and Financial, on Saturday, that the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector.
And accused the government and private banks that are currently not contributing to the role of a "real" to support the productive sectors. As called for the central bank to limit the granting of new banking licenses, demanded banks bloc to provide the head of accumulated capital position to finance important strategic projects.
~~~
BLC Admin tlm724 News & Comments 1-10-16 Part 1 of 2
50 banks sell the dollar does not participate in the financing of strategic projects
BAGHDAD / Muhannad Jawad Counting experts and officials, bankers and Financial, on Saturday, that the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector.
And accused the government and private banks that are currently not contributing to the role of a "real" to support the productive sectors. As called for the central bank to limit the granting of new banking licenses, demanded banks bloc to provide the head of accumulated capital position to finance important strategic projects.
~~~
The executive director of the Association of Iraqi banks Ali Tariq, in an interview to the (long-Presse), "The banking sector should have a a greater role for the challenges of the financial crisis facing the country now, "returned"
The government went to support the private sector will not achieve the desired results unless the interest in the banking sector to be able to support the agricultural and tourism, industrial and real estate activities.
"He added Tariq that" private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment, "adding that there is a" committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
"He assured the Executive Director of the Association of Iraqi banks that" private banks have sufficient liquidity to fund government projects, "but he also said," But this is linked to the support of the government to those legislative and legal banks.
"For his part, said the Secretariat of the Iraqi Institute for economic reform by Zuhair al-Hassani , in an interview to the (long-Presse), said that there is "more than fifty banks, government or civil strife in Iraq is currently limited to work on the sale of hard currency transfers without a real role in supporting the productive sectors," accusing those banks and agencies banking as "hard currency output to outside the country.
"He called al-Hassani of the Central Bank of Iraq to" intervene to control the work of banks and limit the granting of new banking licenses, "and urged national banks to" bloc and assembly under Article 148 of the Companies Act No. 21 of 1997, to provide the head of accumulated capital position to finance projects an important strategy in Iraq.
"He said a member of the Secretariat of the Iraqi Institute for Economic Reform that" the state budget did not address the problems in the economic and banking sectors, "returned to" address the problems should be carried out through out the oil-based rentier economy, and support the local product through the application of the tariff law to create fair competition and prevent hard currency out of the outside and stop the corruption in this area.
"The al-Hassani on the importance of" Replacing the auction currency documentary credits subject to the supervision of finance, trade, the interior and the central bank and the ministries, as well as the revitalization of the business sector through soft loans "pointing out that" it forms the basis of the condition for the growth of the national economy during the current 2016. "In turn, said a member of the Commission on oil and energy parliamentary bloc of the Virtue beauty Muhammadawi, in an interview to the (long-Presse),"
The diversity of the banking sector and to allow the private sector a positive step towards a free market economy. "He stressed Muhammadawi the need to" non-banks rely on the sale of foreign currency and buying window and other issues similar to money laundering process, to contribute to the provision of funds and support investment, "attributing the" problems faced by private banks to their inability to provide cash long-term investors and projects.
"The member of the Commission on oil and energy parliamentary that" a large number of private banks have shown its inability to repay deposits and credits either to depositors or companies, "expected to" be in the current 2016 difficult for Iraq in economic terms to lower oil prices and the lack of Imports to the state treasury. " LINK
[tlm724] the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector
[tlm724] will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector
[tlm724] so the CBI loans all this money out to launch the private and industrial sectors WITHOUT the laws what to say these new industries don't want to deposit their profits back in the banks ? Maybe they will invest it in the Cayman Islands or somewhere else
[tlm724] to whole point of this initiative to create liquidity is it not ?
[cat] uh huh
[tlm724] money moving in Iraq supporting the banks and the people
[RCS1947] yep
[tlm724] so pass the deposit law and get that investment law on the ground !
[tlm724] the CBI wants the banks to participate in rebuilding the financial sector and the only way to do it is to makes some guarantee's
[tlm724] that" private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment,
[tlm724] that there is a" committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
[tlm724] it all comes down to the money, get it flowing, protect it and make it available for all !
[shunshine] Amen!
[tlm724] and I didn't win the powerball *wah* next week though lol
http://ift.tt/1ZeL8ti
~~~~~~
Parliamentary economy reveal a plan to restart the stalled all government factories
01/10/2016 [rtl]BAGHDAD / JD / .. revealed to the economic and investment commission in Parliament, about the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector.[/rtl]
[rtl]Said committee member Rep. Najiba Najib told / KD / The committee has prepared an economic plan in coordination with the Ministry of Industry and Minerals for the rehabilitation and operation of all companies and government factories stalled, particularly strategic factor of petro-chemicals, iron and steel, among others.[/rtl]
[rtl]She added that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various provinces. / End / 8 /
http://ift.tt/1RDVMcv]
[tlm724] the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector
[tlm724] that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various province
[tlm724] their working it
http://ift.tt/1RDVLp2
~~~~~~
Parliament
Financial crisis hampering legislation laws "important" social security and three economic laws will be approved
Author: AB, BS, MK Editor: AB, BS 2016/01/10 12:29 Long-Presse / Baghdad
Confirmed the decision of the parliament Imad Youkhana, on Sunday, that the financial crisis will impede legislation some laws "mission" in that it encompasses the financial implications, and pointed out that among those laws revenue control and the law of the Federal service and the appointment of special grades Commission Law, and as likely to pass security and pension law, draw close to that law in some paragraphs of European laws.
He said the decision Parliament Imad Youkhana in an interview to the (long-Presse), said that "there are some important laws that include financial implications and that the government had withdrawn to make some adjustments, including revenue that need a lot of money and the law of the Federal service and vote on the appointment of a monitoring body Law special grades, "noting that" the financial crisis will impede the passing of such laws. "
He Youkhana, that "there are other laws include the financial implications, but that it is possible legislation into law pension and social security, which supports worker and self-funded," pointing to "the importance of this law being a support worker of his money without having to spend money from the government," pointing to that "the law is close in some paragraphs of European laws."
He pointed Youkhana, that "the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement," asserting that "the differences between the federal government and the province to prevent legislation."
For its part, the Economic Commission is expected to pass three laws to support the Iraqi economy during the next legislative term, while confirming that those laws do not include any financial implications.
Committee member, said in an interview with Nora Albjara to (long-Presse), said that "there are three important laws in the current session, but it does not include any financial consequences", expected that "those laws are passed during the current legislative term."
She Albjara, that "these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies," indicating that "the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act".
She noted a member of the Economic Committee, that "third law is the census law, which is the most comprehensive of the population being submitted studies and solutions," pointing out that "those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work."
The world oil prices fell more than 60% since the summer of 2014 the past, which affected the imports of countries that rely on it as a resource for the basis of its economy, including Iraq. LINK
The government went to support the private sector will not achieve the desired results unless the interest in the banking sector to be able to support the agricultural and tourism, industrial and real estate activities.
"He added Tariq that" private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment, "adding that there is a" committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
"He assured the Executive Director of the Association of Iraqi banks that" private banks have sufficient liquidity to fund government projects, "but he also said," But this is linked to the support of the government to those legislative and legal banks.
"For his part, said the Secretariat of the Iraqi Institute for economic reform by Zuhair al-Hassani , in an interview to the (long-Presse), said that there is "more than fifty banks, government or civil strife in Iraq is currently limited to work on the sale of hard currency transfers without a real role in supporting the productive sectors," accusing those banks and agencies banking as "hard currency output to outside the country.
"He called al-Hassani of the Central Bank of Iraq to" intervene to control the work of banks and limit the granting of new banking licenses, "and urged national banks to" bloc and assembly under Article 148 of the Companies Act No. 21 of 1997, to provide the head of accumulated capital position to finance projects an important strategy in Iraq.
"He said a member of the Secretariat of the Iraqi Institute for Economic Reform that" the state budget did not address the problems in the economic and banking sectors, "returned to" address the problems should be carried out through out the oil-based rentier economy, and support the local product through the application of the tariff law to create fair competition and prevent hard currency out of the outside and stop the corruption in this area.
"The al-Hassani on the importance of" Replacing the auction currency documentary credits subject to the supervision of finance, trade, the interior and the central bank and the ministries, as well as the revitalization of the business sector through soft loans "pointing out that" it forms the basis of the condition for the growth of the national economy during the current 2016. "In turn, said a member of the Commission on oil and energy parliamentary bloc of the Virtue beauty Muhammadawi, in an interview to the (long-Presse),"
The diversity of the banking sector and to allow the private sector a positive step towards a free market economy. "He stressed Muhammadawi the need to" non-banks rely on the sale of foreign currency and buying window and other issues similar to money laundering process, to contribute to the provision of funds and support investment, "attributing the" problems faced by private banks to their inability to provide cash long-term investors and projects.
"The member of the Commission on oil and energy parliamentary that" a large number of private banks have shown its inability to repay deposits and credits either to depositors or companies, "expected to" be in the current 2016 difficult for Iraq in economic terms to lower oil prices and the lack of Imports to the state treasury. " LINK
[tlm724] the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector
[tlm724] will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector
[tlm724] so the CBI loans all this money out to launch the private and industrial sectors WITHOUT the laws what to say these new industries don't want to deposit their profits back in the banks ? Maybe they will invest it in the Cayman Islands or somewhere else
[tlm724] to whole point of this initiative to create liquidity is it not ?
[cat] uh huh
[tlm724] money moving in Iraq supporting the banks and the people
[RCS1947] yep
[tlm724] so pass the deposit law and get that investment law on the ground !
[tlm724] the CBI wants the banks to participate in rebuilding the financial sector and the only way to do it is to makes some guarantee's
[tlm724] that" private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment,
[tlm724] that there is a" committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
[tlm724] it all comes down to the money, get it flowing, protect it and make it available for all !
[shunshine] Amen!
[tlm724] and I didn't win the powerball *wah* next week though lol
http://ift.tt/1ZeL8ti
~~~~~~
Parliamentary economy reveal a plan to restart the stalled all government factories
01/10/2016 [rtl]BAGHDAD / JD / .. revealed to the economic and investment commission in Parliament, about the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector.[/rtl]
[rtl]Said committee member Rep. Najiba Najib told / KD / The committee has prepared an economic plan in coordination with the Ministry of Industry and Minerals for the rehabilitation and operation of all companies and government factories stalled, particularly strategic factor of petro-chemicals, iron and steel, among others.[/rtl]
[rtl]She added that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various provinces. / End / 8 /
http://ift.tt/1RDVMcv]
[tlm724] the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector
[tlm724] that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various province
[tlm724] their working it
http://ift.tt/1RDVLp2
~~~~~~
Parliament
Financial crisis hampering legislation laws "important" social security and three economic laws will be approved
Author: AB, BS, MK Editor: AB, BS 2016/01/10 12:29 Long-Presse / Baghdad
Confirmed the decision of the parliament Imad Youkhana, on Sunday, that the financial crisis will impede legislation some laws "mission" in that it encompasses the financial implications, and pointed out that among those laws revenue control and the law of the Federal service and the appointment of special grades Commission Law, and as likely to pass security and pension law, draw close to that law in some paragraphs of European laws.
He said the decision Parliament Imad Youkhana in an interview to the (long-Presse), said that "there are some important laws that include financial implications and that the government had withdrawn to make some adjustments, including revenue that need a lot of money and the law of the Federal service and vote on the appointment of a monitoring body Law special grades, "noting that" the financial crisis will impede the passing of such laws. "
He Youkhana, that "there are other laws include the financial implications, but that it is possible legislation into law pension and social security, which supports worker and self-funded," pointing to "the importance of this law being a support worker of his money without having to spend money from the government," pointing to that "the law is close in some paragraphs of European laws."
He pointed Youkhana, that "the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement," asserting that "the differences between the federal government and the province to prevent legislation."
For its part, the Economic Commission is expected to pass three laws to support the Iraqi economy during the next legislative term, while confirming that those laws do not include any financial implications.
Committee member, said in an interview with Nora Albjara to (long-Presse), said that "there are three important laws in the current session, but it does not include any financial consequences", expected that "those laws are passed during the current legislative term."
She Albjara, that "these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies," indicating that "the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act".
She noted a member of the Economic Committee, that "third law is the census law, which is the most comprehensive of the population being submitted studies and solutions," pointing out that "those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work."
The world oil prices fell more than 60% since the summer of 2014 the past, which affected the imports of countries that rely on it as a resource for the basis of its economy, including Iraq. LINK
[tlm724] He Youkhana, that "there are other laws include the financial implications, but that it is possible legislation into law pension and social security, which supports worker and self-funded," pointing to "the importance of this law being a support worker of his money without having to spend money from the government," pointing to that "the law is close in some paragraphs of European laws.
[tlm724] He pointed Youkhana, that "the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement," asserting that "the differences between the federal government and the province to prevent legislation
[tlm724] "there are three important laws in the current session, but it does not include any financial consequences", expected that "those laws are passed during the current legislative term."
She Albjara, that "these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies," indicating that "the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act".
She noted a member of the Economic Committee, that "third law is the census law, which is the most comprehensive of the population being submitted studies and solutions," pointing out that "those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work.
http://ift.tt/1RDVOks
~~~~~~
Comments may be made at the end of Part 2 Thank You
[tlm724] He pointed Youkhana, that "the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement," asserting that "the differences between the federal government and the province to prevent legislation
[tlm724] "there are three important laws in the current session, but it does not include any financial consequences", expected that "those laws are passed during the current legislative term."
She Albjara, that "these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies," indicating that "the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act".
She noted a member of the Economic Committee, that "third law is the census law, which is the most comprehensive of the population being submitted studies and solutions," pointing out that "those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work.
http://ift.tt/1RDVOks
~~~~~~
Comments may be made at the end of Part 2 Thank You
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