Post From BondLadys Corner 2-16-16
BLC Admin Tlm724 News & Comments 2-16-16 Part 2 of 2
Central: we will sell bonds worth 7 trillion dinars .. and we have allowed banks to use 50% of their reserves
Baghdad / Ibrahim Ibrahim, long-Presse The Governor of the Central Bank on the Keywords, on Monday, the launch of the strategy the years 2016 - 2020, as revealed allow the bank to Iraqi banks using 50% of the reserves to be used in the purchase of "remittances treasury," economists called on the government to cancel the auction of the currency drained state resources Finance.
the governor of the central Bank and the agency on the Keywords, during a speech on the sidelines of a ceremony launching the strategy of the central Bank for the years 2016-2020 was held at the central Bank building in central Baghdad, and attended (range Press), "the launch of the strategy the central bank from 2016 until 2020 , has on according to a clear vision, and secure within the direct efforts and global visions, "noting that" the strategy to adopt control and real follow-up financial situation of Iraq. "
~~~
BLC Admin Tlm724 News & Comments 2-16-16 Part 2 of 2
Central: we will sell bonds worth 7 trillion dinars .. and we have allowed banks to use 50% of their reserves
Baghdad / Ibrahim Ibrahim, long-Presse The Governor of the Central Bank on the Keywords, on Monday, the launch of the strategy the years 2016 - 2020, as revealed allow the bank to Iraqi banks using 50% of the reserves to be used in the purchase of "remittances treasury," economists called on the government to cancel the auction of the currency drained state resources Finance.
the governor of the central Bank and the agency on the Keywords, during a speech on the sidelines of a ceremony launching the strategy of the central Bank for the years 2016-2020 was held at the central Bank building in central Baghdad, and attended (range Press), "the launch of the strategy the central bank from 2016 until 2020 , has on according to a clear vision, and secure within the direct efforts and global visions, "noting that" the strategy to adopt control and real follow-up financial situation of Iraq. "
~~~
He added Keywords," the central bank's first interest to maintain the financial situation and sustainable development in Iraq, "pointing out that" Bank has granted a number of licenses for banking offices and banks during 2016, according the central bank system. "
He revealed the central bank governor, for" the intention of the bank to sell bonds to the public $ 7 trillion dinars during this year, "asserting that" the circumstance that has occurred in Iraq is carried at the prices oil and terrorist operations and import random, prevented the growth of economic sectors in Iraq, in spite of the provision of central bank the power of the Iraqi dinar against the dollar. "
He explained the Keywords, that" the Bank focused after 2003 to achieve price stability and reduce inflation, and achieved successes to curb inflation from 40 - 2%, in addition to monitoring banks to maintain the financial value and the fight against money laundering and the extent of its commitment to the instructions of the bank. "
He continued Keywords, that" the Bank took the initiative to establish a trust office and the establishment of the financial stability unit and Finance to promote sustainable development, which was translated by approving five trillion dinars to banks and one trillion for small businesses. "
He added Keywords, that" the central bank is keen to support the Iraqi banking sector, which allowed banks to use 50% of the mandatory reserves in the Central to be used for the purchase of treasury remittances which reached values of more than 4 trillion dinars. "
He pointed out that" the central also issued other decisions, including the authorization for the use of 50% of their funds in banks with the central bank to buy remittances treasury by four trillion dinars, and the bank will issue remittances treasury worth 5 trillion dinars and put it to the public. "
He Keywords that" the central bank action helped the government in the financial crisis during the current year, and achieved stability in the financial situation of the state, and without it the government would have found great difficulties during the current year budget in 2016 ".
for his part, economist Mustafa Mohamed Habib said in an interview for the" long "," the steps the central bank is very slow towards find quick solutions to the crisis Altkadih liquidity which ones suffering of the Iraqi state. "
He added that" not to take advantage of the large fiscal inventories among government banks over the past shares years in the money stored in fixed deposits without investing in major economic projects. "
He said the beloved" the continuation of auction daily sales of foreign currency represents a drain on financial resources from the sale of crude oil, causing the loss of billions of dollars as a result of the insistence of the Central Bank on the application of the direct sales force policy. "
He said the" first step in financial reform, which the central bank must be activated summed up in foreign currencies directly pricing and work to prevent the circulation dramatically and daily by individuals, companies and replace them with trading banking by opening accounts for the transfer of funds under the government's view on according to strict laws. "
" the lack of seriousness of the financial and banking administration in the treatment of previous failures, putting the central bank in the face of accusations repeated insistence on the application of economic policies that have exacerbated the financial crisis. "
the Central Bank of Iraq announced on Monday (February 1, 2016), that the government is able to overcome their expenditures for the current year, adding that part of the coverage of these expenditures will be through the issuance of national bonds. LINK
tlm724:
The Governor of the Central Bank on the Keywords, on Monday, the launch of the strategy the years 2016 - 2020, as revealed allow the bank to Iraqi banks using 50% of the reserves to be used in the purchase of "remittances treasury," economists called on the government to cancel the auction of the currency drained state resources Finance.
economist Mustafa Mohamed Habib
He said the beloved" the continuation of auction daily sales of foreign currency represents a drain on financial resources from the sale of crude oil, causing the loss of billions of dollars as a result of the insistence of the Central Bank on the application of the direct sales force policy. "
He said the" first step in financial reform, which the central bank must be activated summed up in foreign currencies directly pricing and work to prevent the circulation dramatically and daily by individuals, companies and replace them with trading banking by opening accounts for the transfer of funds under the government's view on according to strict laws. "
http://ift.tt/1SvGsAP
~~~~~~~~
Central bank: printing banknotes cost Iraq about $ 450 million
2/16/2016 0:00 Encouraged citizens to electronic trading
BAGHDAD - Omar Abdel-Latif, revealed a senior official at the Central Bank, to afford the public treasury of the Iraqi state since 2003, and so far, about 450 million US peer banknotes printed and counted, sorted and stored and then destroyed the damaged Mnha.oukal Director in the version in the «central bank»
Ahsan Yasiri, in an interview with «morning»: the «trading source of funds came to 45 trillion dinars mid-2015, these amounts reduced measures from the central bank for up to 38 trillion dinars end of last year», returned this it «strange, after it was in 2003, trading the source of a 3 trillion, meaning it has doubled 15 times, because we did not use alternative tools».
he added that «the amounts exporting trading, numbering banknotes about 4.7 billion paper, these papers if we wanted moved from one place to another bank needs to 1,500 trucks per load with a capacity of 25 tons ».
He continued: if I want to store it, that needs more than 15 dunums, calling for the need to switch to digital transactions fact that this rolling figure« horrible », the as described.
in charge of the bank, he explained that the central bank carry during the period from 2003 until now more than 377 million dollars to print the papers Alnkadih.vdila all carry up to 120 billion dinars for the operations of counting and sorting, storing and destroying the papers and sent to the landfill because of the harm caused to human health, where damaged bank during the same period more than 1.8 billion banknotes at a cost of printing more than $ 72 million.
despite his assertion that counterfeiting in Iraq is still at its lowest level and easily detected by grocers or traders not to mention the banking system, but the Yasiri warned the fraud «will continue to prevail as long as there is a tremendous amount of banknotes in circulation».
the official called the bank, to the use of the payments system in the reduction of armed robbery and robbery crimes, in addition to the reduction of the crimes that you get as a result of this case by the citizens deal with circles tax that bring a certified check worth amounts ask them what exposes them to criminal operations on their way to the banks.
It is said that the central bank, is seeking to increase the effectiveness of monetary policy to be supportive of a policy of economic stability and support for the goals of development and trends in investment, so as to ensure a state of consistency and harmony with economic policy in general and finance in particular, through a set of policies and reform measures Kalastmrar in tackling inflation and enhance opportunities for sustainable and meaningful stability to maximize economic growth.
the bank aims to stimulate credit activity of the government banking and private, too, by keeping interest rates in order to encourage the private sector and to promote financial capability in the implementation of development projects, so as to enhance his status as an active partner in the development.
in addition to encouraging real investment and strengthen the development opportunities through the Bank's lending to banks and the secondary market to provide liquidity necessary including help to deepen financial intermediation and raise the credit energy supporting real development activity.
the bank, also to maintain the stability of the local currency by continuing to install its exchange rate against foreign measures, and building a strong foreign currency reserves lead to building the foundations of maintaining the internal and external economic stability, and provide a favorable climate for the start of the investment.
the work of the bank during the last period, to stimulate the banks about to go to the market while seeking to expand the role of private banks in the granting of credits, and activating the financial and developmental role of the stock market, by increasing the capital of public companies, and the expansion of the credit market in order to stimulate leasing activity.
http://ift.tt/246gJTg
tlm724: diff source
He revealed the central bank governor, for" the intention of the bank to sell bonds to the public $ 7 trillion dinars during this year, "asserting that" the circumstance that has occurred in Iraq is carried at the prices oil and terrorist operations and import random, prevented the growth of economic sectors in Iraq, in spite of the provision of central bank the power of the Iraqi dinar against the dollar. "
He explained the Keywords, that" the Bank focused after 2003 to achieve price stability and reduce inflation, and achieved successes to curb inflation from 40 - 2%, in addition to monitoring banks to maintain the financial value and the fight against money laundering and the extent of its commitment to the instructions of the bank. "
He continued Keywords, that" the Bank took the initiative to establish a trust office and the establishment of the financial stability unit and Finance to promote sustainable development, which was translated by approving five trillion dinars to banks and one trillion for small businesses. "
He added Keywords, that" the central bank is keen to support the Iraqi banking sector, which allowed banks to use 50% of the mandatory reserves in the Central to be used for the purchase of treasury remittances which reached values of more than 4 trillion dinars. "
He pointed out that" the central also issued other decisions, including the authorization for the use of 50% of their funds in banks with the central bank to buy remittances treasury by four trillion dinars, and the bank will issue remittances treasury worth 5 trillion dinars and put it to the public. "
He Keywords that" the central bank action helped the government in the financial crisis during the current year, and achieved stability in the financial situation of the state, and without it the government would have found great difficulties during the current year budget in 2016 ".
for his part, economist Mustafa Mohamed Habib said in an interview for the" long "," the steps the central bank is very slow towards find quick solutions to the crisis Altkadih liquidity which ones suffering of the Iraqi state. "
He added that" not to take advantage of the large fiscal inventories among government banks over the past shares years in the money stored in fixed deposits without investing in major economic projects. "
He said the beloved" the continuation of auction daily sales of foreign currency represents a drain on financial resources from the sale of crude oil, causing the loss of billions of dollars as a result of the insistence of the Central Bank on the application of the direct sales force policy. "
He said the" first step in financial reform, which the central bank must be activated summed up in foreign currencies directly pricing and work to prevent the circulation dramatically and daily by individuals, companies and replace them with trading banking by opening accounts for the transfer of funds under the government's view on according to strict laws. "
" the lack of seriousness of the financial and banking administration in the treatment of previous failures, putting the central bank in the face of accusations repeated insistence on the application of economic policies that have exacerbated the financial crisis. "
the Central Bank of Iraq announced on Monday (February 1, 2016), that the government is able to overcome their expenditures for the current year, adding that part of the coverage of these expenditures will be through the issuance of national bonds. LINK
tlm724:
The Governor of the Central Bank on the Keywords, on Monday, the launch of the strategy the years 2016 - 2020, as revealed allow the bank to Iraqi banks using 50% of the reserves to be used in the purchase of "remittances treasury," economists called on the government to cancel the auction of the currency drained state resources Finance.
economist Mustafa Mohamed Habib
He said the beloved" the continuation of auction daily sales of foreign currency represents a drain on financial resources from the sale of crude oil, causing the loss of billions of dollars as a result of the insistence of the Central Bank on the application of the direct sales force policy. "
He said the" first step in financial reform, which the central bank must be activated summed up in foreign currencies directly pricing and work to prevent the circulation dramatically and daily by individuals, companies and replace them with trading banking by opening accounts for the transfer of funds under the government's view on according to strict laws. "
http://ift.tt/1SvGsAP
~~~~~~~~
Central bank: printing banknotes cost Iraq about $ 450 million
2/16/2016 0:00 Encouraged citizens to electronic trading
BAGHDAD - Omar Abdel-Latif, revealed a senior official at the Central Bank, to afford the public treasury of the Iraqi state since 2003, and so far, about 450 million US peer banknotes printed and counted, sorted and stored and then destroyed the damaged Mnha.oukal Director in the version in the «central bank»
Ahsan Yasiri, in an interview with «morning»: the «trading source of funds came to 45 trillion dinars mid-2015, these amounts reduced measures from the central bank for up to 38 trillion dinars end of last year», returned this it «strange, after it was in 2003, trading the source of a 3 trillion, meaning it has doubled 15 times, because we did not use alternative tools».
he added that «the amounts exporting trading, numbering banknotes about 4.7 billion paper, these papers if we wanted moved from one place to another bank needs to 1,500 trucks per load with a capacity of 25 tons ».
He continued: if I want to store it, that needs more than 15 dunums, calling for the need to switch to digital transactions fact that this rolling figure« horrible », the as described.
in charge of the bank, he explained that the central bank carry during the period from 2003 until now more than 377 million dollars to print the papers Alnkadih.vdila all carry up to 120 billion dinars for the operations of counting and sorting, storing and destroying the papers and sent to the landfill because of the harm caused to human health, where damaged bank during the same period more than 1.8 billion banknotes at a cost of printing more than $ 72 million.
despite his assertion that counterfeiting in Iraq is still at its lowest level and easily detected by grocers or traders not to mention the banking system, but the Yasiri warned the fraud «will continue to prevail as long as there is a tremendous amount of banknotes in circulation».
the official called the bank, to the use of the payments system in the reduction of armed robbery and robbery crimes, in addition to the reduction of the crimes that you get as a result of this case by the citizens deal with circles tax that bring a certified check worth amounts ask them what exposes them to criminal operations on their way to the banks.
It is said that the central bank, is seeking to increase the effectiveness of monetary policy to be supportive of a policy of economic stability and support for the goals of development and trends in investment, so as to ensure a state of consistency and harmony with economic policy in general and finance in particular, through a set of policies and reform measures Kalastmrar in tackling inflation and enhance opportunities for sustainable and meaningful stability to maximize economic growth.
the bank aims to stimulate credit activity of the government banking and private, too, by keeping interest rates in order to encourage the private sector and to promote financial capability in the implementation of development projects, so as to enhance his status as an active partner in the development.
in addition to encouraging real investment and strengthen the development opportunities through the Bank's lending to banks and the secondary market to provide liquidity necessary including help to deepen financial intermediation and raise the credit energy supporting real development activity.
the bank, also to maintain the stability of the local currency by continuing to install its exchange rate against foreign measures, and building a strong foreign currency reserves lead to building the foundations of maintaining the internal and external economic stability, and provide a favorable climate for the start of the investment.
the work of the bank during the last period, to stimulate the banks about to go to the market while seeking to expand the role of private banks in the granting of credits, and activating the financial and developmental role of the stock market, by increasing the capital of public companies, and the expansion of the credit market in order to stimulate leasing activity.
http://ift.tt/246gJTg
tlm724: diff source
Banknotes printed cost Iraq about $ 450 million
02/16/2016 09:49 A senior official at the Central Bank revealed, for carrying the public treasury of the Iraqi state since 2003, and so far, about 450 million US peer banknotes printed and counted, sorted and stored and then destroyed the damaged ones.
The director of the release of the central bank Ahsan Yasiri, that " Trading source of funds came to 45 trillion dinars mid-2015, these amounts reduced measures from the central bank for up to 38 trillion dinars end of last year ", he returned it," strange, after it was in 2003, trading the source of a 3 trillion, meaning it has doubled 15 times, because we did not use alternative tools. "
He said in a press statement that" the amounts exporting trading, numbering banknotes about 4.7 billion paper, leaves and this if we want to move them from one place to another bank needs to 1,500 trucks per load with a capacity of 25 tons . "
He continued: if I want to store it, that needs more than 15 dunums, calling for the need to switch to digital transactions fact that this rolling the number" terrifying, "he described.
in charge of the bank, explained that the central bank carry during the period from 2003 until now more than $ 377 million for printing papers Alnkadih.vdila all carry up to 120 billion dinars for the operations of counting and sorting, storing and destroying the papers and sent to the landfill because of the harm caused to human health, where the damaged bank during the same period more than 1.8 billion banknotes at a cost of printing more than $ 72 million.
despite his assertion that counterfeiting in Iraq is still at its lowest level and easily detected by grocers or traders not to mention the banking system, but the Yasiri warned that fraud "will remain prevalent as long as there is a tremendous amount of banknotes in circulation." .
the official called the bank, to the use of the payments system in the reduction of armed robbery and robbery crimes, in addition to the reduction of the crimes that you get as a result of this case by the citizens deal with the tax that ask them to bring a certified check worth amounts circles exposing them to criminal operations on their way to banks.
http://ift.tt/1PP5kO9
http://ift.tt/1SvGsR4
02/16/2016 09:49 A senior official at the Central Bank revealed, for carrying the public treasury of the Iraqi state since 2003, and so far, about 450 million US peer banknotes printed and counted, sorted and stored and then destroyed the damaged ones.
The director of the release of the central bank Ahsan Yasiri, that " Trading source of funds came to 45 trillion dinars mid-2015, these amounts reduced measures from the central bank for up to 38 trillion dinars end of last year ", he returned it," strange, after it was in 2003, trading the source of a 3 trillion, meaning it has doubled 15 times, because we did not use alternative tools. "
He said in a press statement that" the amounts exporting trading, numbering banknotes about 4.7 billion paper, leaves and this if we want to move them from one place to another bank needs to 1,500 trucks per load with a capacity of 25 tons . "
He continued: if I want to store it, that needs more than 15 dunums, calling for the need to switch to digital transactions fact that this rolling the number" terrifying, "he described.
in charge of the bank, explained that the central bank carry during the period from 2003 until now more than $ 377 million for printing papers Alnkadih.vdila all carry up to 120 billion dinars for the operations of counting and sorting, storing and destroying the papers and sent to the landfill because of the harm caused to human health, where the damaged bank during the same period more than 1.8 billion banknotes at a cost of printing more than $ 72 million.
despite his assertion that counterfeiting in Iraq is still at its lowest level and easily detected by grocers or traders not to mention the banking system, but the Yasiri warned that fraud "will remain prevalent as long as there is a tremendous amount of banknotes in circulation." .
the official called the bank, to the use of the payments system in the reduction of armed robbery and robbery crimes, in addition to the reduction of the crimes that you get as a result of this case by the citizens deal with the tax that ask them to bring a certified check worth amounts circles exposing them to criminal operations on their way to banks.
http://ift.tt/1PP5kO9
http://ift.tt/1SvGsR4
via Dinar Recaps - Our Blog http://ift.tt/1PP5kOb
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