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Saturday, June 11, 2016

BondLady Chat On Banking Reform  Part 2 of 2

Post From BondLadys Corner
BondLady & Tlm724 News & Comments  6-11-16 

BondLady Chat On Banking Reform  Part 2 of 2

 
Parliamentary Finance: billions of dollars missing, no one asks them

Political   Since 06.11.2016 at 11:31 (Baghdad time)  Special scales News
He said the parliamentary finance committee member Ahmed Sarhan, Saturday, Abadi recent decisions to exempt the general managers of the banks are not considered Aslahatssayash but floundering in the making.
 
Ahmed said L / balance News /, that "al
He added, "This is not reform but blundered in the decision," adding that it was "Machines should be exempted managers accountable in the event of proven negligence with something."
 
He asked that "billions of dollars of Iraq's money disappeared and no one asks for?".
It is said that al-Abadi ordered the sacking of five state banks managers and replaced by others.
 ~~~
He objected Finance Minister Hoshyar Zebari on the decision, noting that the many problematic and Ajub.anthy 29 / D 24
 
LINK
   
[tlm724] ok one last article that goes along with all this:
 
the field of banking and insurance consequences of the international sanctions are still influential in the economy 6/11/2016 0:00 [rtl] BAGHDAD Mustafa al - Hashimi said Academy that Iraq 's economy is still suffering greatly as a result of international sanctions imposed on it in the nineties of the last century by the reckless policies of the regime of the former, which has paralyzed almost entirely and caused Dharara adults in the main joints of the Iraqi economy.
 
The economist said the academic Dr. Majid Baidhani that some aspects economic and financial still the consequences of international sanctions suffering what hinders the opening of Iraq 's economy to the world properly. global isolation and explained Baidhani in an interview with «morning» that global isolation experienced by Iraq in the nineties of the last century has affected the development of banking and insurance sectors in particular , and the rest of the sectors in general .
 
[tlm724] that Iraq 's economy is still suffering greatly as a result of international sanctions imposed on it in the nineties of the last century by the reckless policies of the regime of the former
 
[tlm724] just what we spoke about earlier, they still owe debts
 
[tlm724] that some aspects economic and financial still the consequences of international sanctions suffering what hinders the opening of Iraq 's economy to the world properly
 
[tlm724] hinders the opening of Iraq 's economy to the world properly !!!!!!!!!!
 
[tlm724] now are you beginning to get the big picture ??
 
although Iraq out of Chapter VII of the UN Charter , but the consequences are still present and influential in the financial and banking sectors on a scale overseas explains the reason for the decline of these sectors due to the isolation experienced by the country.
 
He said the two sectors represent the two pillars of any country 's economy in the the world being the two elements complement each other, especially in the field of attracting foreign capital and employment within the country in projects contribute effectively to the revitalization of internal capital cycle. Overseas branches pointed Baidhani that the overseas branches of the Rafidain Bank, for example,
 
[tlm724] the consequences are still present and influential in the financial and banking sectors on a scale overseas explains the reason for the decline of these sectors due to the isolation experienced by the country.
 
the Rafidain Bank, for example, affected by international sanctions by freezing its activities and booking money Iraqi as well as the government insurance companies are have been affected by other such sanctions through the province outside her what happened to these two economists paralyzed almost complete because of it, pointing out that the consequences of the international boycott is still triggered clear in the area of reinsurance global companies with our national companies.
 
He pointed out the government insurance companies possessed good relations with foreign counterparts before the imposition of sanctions and were thriving in their work , but the course was changed to just the opposite after the year 1991 and has continued so far affected by the lack of awareness of insurance imposed by the circumstances.
 
[tlm724] have been affected by other such sanctions through the province outside her what happened to these two economists paralyzed almost complete because of it,
 
[tlm724] that the consequences of the international boycott is still triggered clear in the area of reinsurance global companies with our national companies.
 
He called for speeding approached the competent authorities and to start a campaign a big promotion of the work of bank branches abroad and encourage them as they represent investors gate to enter the Iraq developmental their projects needed by the country,
 
indicating the importance that precedes the campaign administrative measures include the promotion of cadres of foreign branches with the blood of new staff with expertise and competence as well as measures limiting red tape and speed up the entry of investment funds into Iraq.
 
[tlm724] called for speeding approached the competent authorities and to start a campaign a big promotion of the work of bank branches abroad and encourage them as they represent investors gate to enter the Iraq
 
[tlm724] measures include the promotion of cadres of foreign branches with the blood of new staff with expertise and competence
 
[tlm724] there it is, new blood in the banks, people who can be trusted !
 
He noted that the enjoyment of Iraq , good economic relations with several countries what requires consideration to open branches of government banks in these countries, expressing the hope that attract new branches more investment into the country.
 
the number of branches of the Rafidain Bank currently 161 branches in Iraq , distributed between the provinces and the capital , Baghdad , in addition to the seven overseas branches which both Egypt , Lebanon, United Arab Emirates, Bahrain, Yemen, Jordan, Jabal Amman, while Rasheed Bank possesses no branches outside the country.
 
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[tlm724] the enjoyment of Iraq , good economic relations with several countries what requires consideration to open branches of government banks in these countries
 
[tlm724] so if Iraq wants to go international, which they do, they had to replace the managers, they had to go electronic, they had to insure deposits and they had to pay their debts !
 
[tlm724] those left over debts were holding them back ! 
[tlm724] they are making things right on all fronts, of course they are being dragged, kicking and screaming by the IMF but it is being done and we will reap the benefits of all of this !
 
[tlm724] tyvm BondLady for all your guidance and for your steady hand on the helm !!!
   
[tlm724] if you all aren't excited now then your dead and too dayum dumb to fall over  lol 
 
[shunshine]  lmao falling over 
 
[tlm724]  lol shunshine
 
[shunshine] Thank you tlm724 and Bondlady
 
[tlm724] yqw    Wink 
 
[RCS1947] very well done!...thank you Bondlady and timmy !!!!
 
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