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Iraq Stock Exchange: Central Bank demands return of confidence to domestic banks will not be affected by government austerity
Long-Presse / Baghdad
Counting Iraq Stock Exchange, said on Wednesday that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of citizens out, low cash liquidity and price traded, while asking him to take swift action to activate the banking movement and the revival of the national economy, felt that the government's austerity "will not affect" in the stock market work.
The head of the board of the securities, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The recent actions by the imposition of the Central Bank of Iraq, under the tutelage of a number of private banks, because of problems with them, shook the confidence of the citizens of those banks, which led to the withdrawal of many of them and their deposits, and the reluctance of others to deal with it, "adding that" it has caused the reduction of cash to tack banks and reduce the trading price of its shares in the stock market to a very large extent. "
Saadi said, that "the Central Bank of Iraq when a spectator standing on a task of private banks in the country, without that can be placed where withdraw their money, because of the lack of liquidity, a strong motivation in addition to loss of confidence in those banks," the central bank, demanding that the "action Links contribute to the revitalization of the banking group and the revival of the national economy, and to enable private banks to operate freely and re-citizen's confidence in them. "
And saw the head of the board of the stock, that "the austerity measures, which proceeded to the Iraqi government toward economic and investment transactions, will not affect the National Stock Exchange of work," attributing it to "the nature of the stock market work, which depends on the liquidity of citizens, companies and factories operating."
He said al-Saadi, that "austerity will not be reflected in the work of the stock market, either negatively or yes," adding, "Although the market is affected by a natural estimated liquidity of the citizens, because they do not exist will certainly lead to the circulation of traffic."
The central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, while stressed banking source, then, the bank put a financial sergeant to inventory assets of the bank and put a two-step for the advancement of his or liquidated after the final payment of the money his customers.
Ditto the Central Bank of Iraq that Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014), without the bank's deposits and restores citizens yet.
The Prime Minister, Haider al-Abadi, revealed earlier, during a press conference after his meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the 2015 budget, will be based on the current year's budget in 2014, because of the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, for this, the Council of Ministers decided to austerity.
Iraq Stock Exchange: Central Bank demands return of confidence to domestic banks will not be affected by government austerity
Author: ASJ, BS
Editor: BK, BS 3/12/2014 1:21 p.m.number of readings: 48
Long-Presse / Baghdad
Counting Iraq Stock Exchange, said on Wednesday that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of citizens out, low cash liquidity and price traded, while asking him to take swift action to activate the banking movement and the revival of the national economy, felt that the government's austerity "will not affect" in the stock market work.
The head of the board of the securities, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The recent actions by the imposition of the Central Bank of Iraq, under the tutelage of a number of private banks, because of problems with them, shook the confidence of the citizens of those banks, which led to the withdrawal of many of them and their deposits, and the reluctance of others to deal with it, "adding that" it has caused the reduction of cash to tack banks and reduce the trading price of its shares in the stock market to a very large extent. "
Saadi said, that "the Central Bank of Iraq when a spectator standing on a task of private banks in the country, without that can be placed where withdraw their money, because of the lack of liquidity, a strong motivation in addition to loss of confidence in those banks," the central bank, demanding that the "action Links contribute to the revitalization of the banking group and the revival of the national economy, and to enable private banks to operate freely and re-citizen's confidence in them. "
And saw the head of the board of the stock, that "the austerity measures, which proceeded to the Iraqi government toward economic and investment transactions, will not affect the National Stock Exchange of work," attributing it to "the nature of the stock market work, which depends on the liquidity of citizens, companies and factories operating."
He said al-Saadi, that "austerity will not be reflected in the work of the stock market, either negatively or yes," adding, "Although the market is affected by a natural estimated liquidity of the citizens, because they do not exist will certainly lead to the circulation of traffic."
The central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, while stressed banking source, then, the bank put a financial sergeant to inventory assets of the bank and put a two-step for the advancement of his or liquidated after the final payment of the money his customers.
Ditto the Central Bank of Iraq that Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014), without the bank's deposits and restores citizens yet.
The Prime Minister, Haider al-Abadi, revealed earlier, during a press conference after his meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the 2015 budget, will be based on the current year's budget in 2014, because of the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, for this, the Council of Ministers decided to austerity.
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Long-Presse / Baghdad
Counting Iraq Stock Exchange, said on Wednesday that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of citizens out, low cash liquidity and price traded, while asking him to take swift action to activate the banking movement and the revival of the national economy, felt that the government's austerity "will not affect" in the stock market work.
The head of the board of the securities, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The recent actions by the imposition of the Central Bank of Iraq, under the tutelage of a number of private banks, because of problems with them, shook the confidence of the citizens of those banks, which led to the withdrawal of many of them and their deposits, and the reluctance of others to deal with it, "adding that" it has caused the reduction of cash to tack banks and reduce the trading price of its shares in the stock market to a very large extent. "
Saadi said, that "the Central Bank of Iraq when a spectator standing on a task of private banks in the country, without that can be placed where withdraw their money, because of the lack of liquidity, a strong motivation in addition to loss of confidence in those banks," the central bank, demanding that the "action Links contribute to the revitalization of the banking group and the revival of the national economy, and to enable private banks to operate freely and re-citizen's confidence in them. "
And saw the head of the board of the stock, that "the austerity measures, which proceeded to the Iraqi government toward economic and investment transactions, will not affect the National Stock Exchange of work," attributing it to "the nature of the stock market work, which depends on the liquidity of citizens, companies and factories operating."
He said al-Saadi, that "austerity will not be reflected in the work of the stock market, either negatively or yes," adding, "Although the market is affected by a natural estimated liquidity of the citizens, because they do not exist will certainly lead to the circulation of traffic."
The central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, while stressed banking source, then, the bank put a financial sergeant to inventory assets of the bank and put a two-step for the advancement of his or liquidated after the final payment of the money his customers.
Ditto the Central Bank of Iraq that Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014), without the bank's deposits and restores citizens yet.
The Prime Minister, Haider al-Abadi, revealed earlier, during a press conference after his meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the 2015 budget, will be based on the current year's budget in 2014, because of the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, for this, the Council of Ministers decided to austerity.
Iraq Stock Exchange: Central Bank demands return of confidence to domestic banks will not be affected by government austerity
Author: ASJ, BS
Editor: BK, BS 3/12/2014 1:21 p.m.number of readings: 48
Long-Presse / Baghdad
Counting Iraq Stock Exchange, said on Wednesday that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of citizens out, low cash liquidity and price traded, while asking him to take swift action to activate the banking movement and the revival of the national economy, felt that the government's austerity "will not affect" in the stock market work.
The head of the board of the securities, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The recent actions by the imposition of the Central Bank of Iraq, under the tutelage of a number of private banks, because of problems with them, shook the confidence of the citizens of those banks, which led to the withdrawal of many of them and their deposits, and the reluctance of others to deal with it, "adding that" it has caused the reduction of cash to tack banks and reduce the trading price of its shares in the stock market to a very large extent. "
Saadi said, that "the Central Bank of Iraq when a spectator standing on a task of private banks in the country, without that can be placed where withdraw their money, because of the lack of liquidity, a strong motivation in addition to loss of confidence in those banks," the central bank, demanding that the "action Links contribute to the revitalization of the banking group and the revival of the national economy, and to enable private banks to operate freely and re-citizen's confidence in them. "
And saw the head of the board of the stock, that "the austerity measures, which proceeded to the Iraqi government toward economic and investment transactions, will not affect the National Stock Exchange of work," attributing it to "the nature of the stock market work, which depends on the liquidity of citizens, companies and factories operating."
He said al-Saadi, that "austerity will not be reflected in the work of the stock market, either negatively or yes," adding, "Although the market is affected by a natural estimated liquidity of the citizens, because they do not exist will certainly lead to the circulation of traffic."
The central bank has put in (the fourth of June 2014), Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, while stressed banking source, then, the bank put a financial sergeant to inventory assets of the bank and put a two-step for the advancement of his or liquidated after the final payment of the money his customers.
Ditto the Central Bank of Iraq that Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in, (the sixth of February 2014), without the bank's deposits and restores citizens yet.
The Prime Minister, Haider al-Abadi, revealed earlier, during a press conference after his meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the 2015 budget, will be based on the current year's budget in 2014, because of the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, for this, the Council of Ministers decided to austerity.
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