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BondLady & Tlm724 News & Comments 6-4-16 Part 2 of 2
In the parliamentary finance by calling for the support of banks and activating the deposit law
History of edits:: 06.04.2016 13:39 {Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country's economy.
The MP said Sarhan Ahmed told {Euphrates News} " The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , " noting that "this depends on the amount found in the reserve the central bank ".
~~~
BondLady & Tlm724 News & Comments 6-4-16 Part 2 of 2
In the parliamentary finance by calling for the support of banks and activating the deposit law
History of edits:: 06.04.2016 13:39 {Baghdad} Euphrates News called the parliamentary finance committee member Ahmed Sarhan, the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country's economy.
The MP said Sarhan Ahmed told {Euphrates News} " The development of the banking sector in Iraq is through the government support for the banks, as well as the Central Bank and funding required amounts to be able to fulfill their duties to the fullest , " noting that "this depends on the amount found in the reserve the central bank ".
~~~
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He pointed out that" the distribution of deposits in the state framework bank deposits law, enabling individuals to deposit their belongings in the banks and treats these holdings leads to a continuous movement between customers and banks. "
explained Ahmed said , " this will generate big banking movement will be development of the economy of this movement and through the deposit law , "noting that" these are the main things that you can state which move the banks and support so that it works properly and lead to the development of the Iraqi economy , as required. "
he noted , " what hinders revitalize the banking sector is the "lack of trust citizen banks the reasons and obstacles linked. "
the economic expert on behalf of Jamil Antoine, said on the ninth of May," the banking system in Iraq put a miserable. "
said Antoine's {Euphrates News}" with the rise in oil prices up to $ 50 per barrel , then the amount of of the budget deficit and opens the way for the Iraqi government to pay the debt and ease the burden on in addition to the economic budget move to create jobs at home , "adding , " now there is an economic paralysis in the private sector and non - payment of the government 's commitments in addition to the banking system in Iraq in a desperate situation and this has exacerbated the problem and held more ".anthy 1
http://ift.tt/1X4QIll
[tlm724] the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country's economy.
[tlm724] the distribution of deposits in the state framework bank deposits law, enabling individuals to deposit their belongings in the banks and treats these holdings leads to a continuous movement between customers and banks.
[tlm724] indeed it will !
[tlm724] this will generate big banking movement will be development of the economy of this movement and through the deposit law , "noting that" these are the main things that you can state which move the banks and support so that it works properly and lead to the development of the Iraqi economy , as required.
[tlm724] they HAVE to have it, they should make it the first thing on the agenda when they come back because it will make a huge difference !
http://ift.tt/1ZnJ6IO
~~~~~~~~~~~~~~~~
Abadi Office announces restructuring of the Iraqi economy by firing 6.5 trillion dinars soft loans
Baghdad / long-Presse Counting the Information Office of the Prime Minister, Haider al - Abadi, that the launch of residential, industrial and agricultural loans, amounting to 6 trillion and 500 billion dinars, constitutes a "quantum leap" for the restructuring of the Iraqi economy and address the "imbalance" ,
which is currently suffering from it, indicating that it aims to enable the private sector to take role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of factories and modern labs, and reduce the recession - induced decline in oil prices.
a spokesman for the office, Saad al - Hadithi, in a press briefing that , which I followed ( the long - Presse), said that " the government launched its lending, its commitment to the application of the comprehensive reform program announced by a few months ago hubs ",
noting that" the Council of Ministers approved in its meeting on Tuesday (31st of May 2016), to launch a government loan to the sectors of housing, industry and agriculture form in the amount of six trillion and 500 billion dinars, in the context of economic reform , the focus of which is seeking through the government to restructure the Iraqi economy and guidance that will ensure his stay on a sound footing, and diversifying its sources ,
and transportation of the economy of a yield to the production and transformation of the economic system of the State of the consumer system to a multi - resource production system. "
the newborn, " the approval comes on the immediate launch of loans to constitute a quantum leap in the restructuring of the system of the Iraqi economy and the stage milestone in the path of the development of a new vision to address the situation of imbalance which is currently suffering from that emerged almost traveled far the collapse in oil prices in global markets ,
which makes it imperative for the government track start processors radical and decisive in the context of pushing for the recovery of the economic situation of the country , "
noting that" the government 's vision in this regard is to enable the private sector to take a role in promoting the economic reality of the country by overcoming the difficulties it faces, and to provide cash needed through soft loans , the benefits of appropriate for the rehabilitation or the establishment of factories and modern laboratories, and helping to move the market economy, and reduce the recession , which happened due to lower oil prices. "
explained the spokesman, that" the objectives of the loan is to provide new job opportunities for the private sector is estimated at 250 thousand jobs , including young people, graduates, women breadwinners, people with special needs, and the rural population, in the housing sectors, construction, industry and agriculture, as well as assistance in dealing with the housing crisis, the administration or the purchase of more than 36 thousand units ,
"pointing to" the government also aims to encourage the private sector to rehabilitate and operation of laboratories productivity stalled. "
said Sabri, that" the government is also trying to introduce modern techniques , including more than 330 plants or factories, and manufacturing of raw materials and supplies industry and industries for agricultural and industrial manufacturing,
and encourage projects that take place within the industrial cities, and reduce the import of goods and products through production alternatives goods national industry Iraqi agricultural products including more than 50 commodity or an Iraqi product ,
"pointing out that" the targets also include promoting national exports competitive products and goods of other countries, producing ten of goods for export, and the legalization of foreign currency supply and reduce the demand for them by ten percent ".
And on the lending mechanisms, said a spokesman for the Information Office of the devotional, it "includes splitting the proportion allocated to lend money to the various sectors and the first of the housing sector, through the allocation of a thousand and 700 billion dinars for the housing fund and the bank 's real estate, and the second is the industrial sector,
which has been designated a thousand and 650 billion dinars during the industrial Bank, and the third of the agricultural sector, the allocation of a and 650 other dinars billion agricultural bank, to allocate thousand and 500 billion dinars microenterprise through private banks , "
stressing that" the distribution of such loans at the governorate will be on according to the credit of a plan submitted by the concerned bank and by 80 percent as a benchmark for rates of population and 20 percent as the standard for the degree of poverty in the province,
and that the student loan Iraqi or association or individual Iraqis aged 22 years and over the company eligibility and complete, and that the interest on loans for the housing sector be increased by two percent and four percent for the rest of the species. "
He continued newborn, that " the amounts allocated for each loan to be by 50 million dinars for housing, while be the industrial and agricultural sectors loans by 500 million dinars a maximum of small businesses, and three billion dinars maximum medium enterprises, to be awarded major projects worth more than three billion dinars, loans are not worth more than 20 billion dinars maximum,
"Msttrda that" the payment of strategic projects that more than 20 billion dinars loans, to be in ten years for a loan housing, and five years for other loans except the grace period in the amount of one year from the date of the first installment disbursement of the loan applicant.
He added the spokesman, that" the concerned bank should be the launch of the website hotline phone to follow up on the borrower stages of completing his treatment service, with the adoption of on- site detection of the project to be financed and the guarantee of real estate, if any,
and electronic systems and the potential of in order to control projects and follow - up of good implementation, and link those systems the general management of the bank, and provide monthly reports Supreme Committee supervising the lending programs and posted on the bank 's site and the High Commission, with the formation of the General administration of Bank of follow - up committees to verify the proper implementation of the project and the continuation of his work and scrutiny of grants made by the procedures . "
the Prime Minister Haider al - Abadi, honest ( the ninth of March 2016), to lend the special housing fund mechanisms loans the central bank's five trillion Iraqi dinars, as stipulated distribution of loans standard adoption population ratio and the degree of poverty for each province mechanism, stipulated also that the loan no more than 50 million paid to the beneficiary in two installments. LINK
tlm724 the Information Office of the Prime Minister, Haider al - Abadi, that the launch of residential, industrial and agricultural loans, amounting to 6 trillion and 500 billion dinars, constitutes a "quantum leap" for the restructuring of the Iraqi economy and address the "imbalance" ,
which is currently suffering from it, indicating that it aims to enable the private sector to take role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of factories and modern labs, and reduce the recession - induced decline in oil prices.
http://ift.tt/1ZnITFy
~~~~~~~~~~~~~~~
Foreign exchange rate of the Iraqi dinar on Saturday, June 4, 2016
Economy Since 04.06.2016 at 09:27 (Baghdad time) BAGHDAD - balances News
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars affraid affraid afraid
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen
LINK
explained Ahmed said , " this will generate big banking movement will be development of the economy of this movement and through the deposit law , "noting that" these are the main things that you can state which move the banks and support so that it works properly and lead to the development of the Iraqi economy , as required. "
he noted , " what hinders revitalize the banking sector is the "lack of trust citizen banks the reasons and obstacles linked. "
the economic expert on behalf of Jamil Antoine, said on the ninth of May," the banking system in Iraq put a miserable. "
said Antoine's {Euphrates News}" with the rise in oil prices up to $ 50 per barrel , then the amount of of the budget deficit and opens the way for the Iraqi government to pay the debt and ease the burden on in addition to the economic budget move to create jobs at home , "adding , " now there is an economic paralysis in the private sector and non - payment of the government 's commitments in addition to the banking system in Iraq in a desperate situation and this has exacerbated the problem and held more ".anthy 1
http://ift.tt/1X4QIll
[tlm724] the government to support banks and activate the deposit law for the purpose of revitalization of the banking sector and development of the country's economy.
[tlm724] the distribution of deposits in the state framework bank deposits law, enabling individuals to deposit their belongings in the banks and treats these holdings leads to a continuous movement between customers and banks.
[tlm724] indeed it will !
[tlm724] this will generate big banking movement will be development of the economy of this movement and through the deposit law , "noting that" these are the main things that you can state which move the banks and support so that it works properly and lead to the development of the Iraqi economy , as required.
[tlm724] they HAVE to have it, they should make it the first thing on the agenda when they come back because it will make a huge difference !
http://ift.tt/1ZnJ6IO
~~~~~~~~~~~~~~~~
Abadi Office announces restructuring of the Iraqi economy by firing 6.5 trillion dinars soft loans
Baghdad / long-Presse Counting the Information Office of the Prime Minister, Haider al - Abadi, that the launch of residential, industrial and agricultural loans, amounting to 6 trillion and 500 billion dinars, constitutes a "quantum leap" for the restructuring of the Iraqi economy and address the "imbalance" ,
which is currently suffering from it, indicating that it aims to enable the private sector to take role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of factories and modern labs, and reduce the recession - induced decline in oil prices.
a spokesman for the office, Saad al - Hadithi, in a press briefing that , which I followed ( the long - Presse), said that " the government launched its lending, its commitment to the application of the comprehensive reform program announced by a few months ago hubs ",
noting that" the Council of Ministers approved in its meeting on Tuesday (31st of May 2016), to launch a government loan to the sectors of housing, industry and agriculture form in the amount of six trillion and 500 billion dinars, in the context of economic reform , the focus of which is seeking through the government to restructure the Iraqi economy and guidance that will ensure his stay on a sound footing, and diversifying its sources ,
and transportation of the economy of a yield to the production and transformation of the economic system of the State of the consumer system to a multi - resource production system. "
the newborn, " the approval comes on the immediate launch of loans to constitute a quantum leap in the restructuring of the system of the Iraqi economy and the stage milestone in the path of the development of a new vision to address the situation of imbalance which is currently suffering from that emerged almost traveled far the collapse in oil prices in global markets ,
which makes it imperative for the government track start processors radical and decisive in the context of pushing for the recovery of the economic situation of the country , "
noting that" the government 's vision in this regard is to enable the private sector to take a role in promoting the economic reality of the country by overcoming the difficulties it faces, and to provide cash needed through soft loans , the benefits of appropriate for the rehabilitation or the establishment of factories and modern laboratories, and helping to move the market economy, and reduce the recession , which happened due to lower oil prices. "
explained the spokesman, that" the objectives of the loan is to provide new job opportunities for the private sector is estimated at 250 thousand jobs , including young people, graduates, women breadwinners, people with special needs, and the rural population, in the housing sectors, construction, industry and agriculture, as well as assistance in dealing with the housing crisis, the administration or the purchase of more than 36 thousand units ,
"pointing to" the government also aims to encourage the private sector to rehabilitate and operation of laboratories productivity stalled. "
said Sabri, that" the government is also trying to introduce modern techniques , including more than 330 plants or factories, and manufacturing of raw materials and supplies industry and industries for agricultural and industrial manufacturing,
and encourage projects that take place within the industrial cities, and reduce the import of goods and products through production alternatives goods national industry Iraqi agricultural products including more than 50 commodity or an Iraqi product ,
"pointing out that" the targets also include promoting national exports competitive products and goods of other countries, producing ten of goods for export, and the legalization of foreign currency supply and reduce the demand for them by ten percent ".
And on the lending mechanisms, said a spokesman for the Information Office of the devotional, it "includes splitting the proportion allocated to lend money to the various sectors and the first of the housing sector, through the allocation of a thousand and 700 billion dinars for the housing fund and the bank 's real estate, and the second is the industrial sector,
which has been designated a thousand and 650 billion dinars during the industrial Bank, and the third of the agricultural sector, the allocation of a and 650 other dinars billion agricultural bank, to allocate thousand and 500 billion dinars microenterprise through private banks , "
stressing that" the distribution of such loans at the governorate will be on according to the credit of a plan submitted by the concerned bank and by 80 percent as a benchmark for rates of population and 20 percent as the standard for the degree of poverty in the province,
and that the student loan Iraqi or association or individual Iraqis aged 22 years and over the company eligibility and complete, and that the interest on loans for the housing sector be increased by two percent and four percent for the rest of the species. "
He continued newborn, that " the amounts allocated for each loan to be by 50 million dinars for housing, while be the industrial and agricultural sectors loans by 500 million dinars a maximum of small businesses, and three billion dinars maximum medium enterprises, to be awarded major projects worth more than three billion dinars, loans are not worth more than 20 billion dinars maximum,
"Msttrda that" the payment of strategic projects that more than 20 billion dinars loans, to be in ten years for a loan housing, and five years for other loans except the grace period in the amount of one year from the date of the first installment disbursement of the loan applicant.
He added the spokesman, that" the concerned bank should be the launch of the website hotline phone to follow up on the borrower stages of completing his treatment service, with the adoption of on- site detection of the project to be financed and the guarantee of real estate, if any,
and electronic systems and the potential of in order to control projects and follow - up of good implementation, and link those systems the general management of the bank, and provide monthly reports Supreme Committee supervising the lending programs and posted on the bank 's site and the High Commission, with the formation of the General administration of Bank of follow - up committees to verify the proper implementation of the project and the continuation of his work and scrutiny of grants made by the procedures . "
the Prime Minister Haider al - Abadi, honest ( the ninth of March 2016), to lend the special housing fund mechanisms loans the central bank's five trillion Iraqi dinars, as stipulated distribution of loans standard adoption population ratio and the degree of poverty for each province mechanism, stipulated also that the loan no more than 50 million paid to the beneficiary in two installments. LINK
tlm724 the Information Office of the Prime Minister, Haider al - Abadi, that the launch of residential, industrial and agricultural loans, amounting to 6 trillion and 500 billion dinars, constitutes a "quantum leap" for the restructuring of the Iraqi economy and address the "imbalance" ,
which is currently suffering from it, indicating that it aims to enable the private sector to take role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of factories and modern labs, and reduce the recession - induced decline in oil prices.
http://ift.tt/1ZnITFy
~~~~~~~~~~~~~~~
Foreign exchange rate of the Iraqi dinar on Saturday, June 4, 2016
Economy Since 04.06.2016 at 09:27 (Baghdad time) BAGHDAD - balances News
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars affraid affraid afraid
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen
LINK
tlm724 MOF June 4, 2016 (note: I see a pattern that the MOF is a day behind the news sources)
tlm724 Rates of foreign currencies compared to the Iraqi dinar as stated from the sale of the currency market
Rates of foreign currencies compared to the Iraqi dinar
BAGHDAD - The Journal News It amounted to currency exchange rates, on Saturday, according to Maurdtna of the Iraqi market to sell the currency as follows:
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£ 1 = 1,714.2227 Iraqi dinars
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen.
LINK
http://ift.tt/1ZnJU04
Rates of foreign currencies compared to the Iraqi dinar
BAGHDAD - The Journal News It amounted to currency exchange rates, on Saturday, according to Maurdtna of the Iraqi market to sell the currency as follows:
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£ 1 = 1,714.2227 Iraqi dinars
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen.
LINK
http://ift.tt/1ZnJU04
via Dinar Recaps - Our Blog http://ift.tt/1X4QqLm
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