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Central Bank Governor: State to leave the political and sectarian quotas
3/8/2015
In a seminar for "progress Institute for Development Policy"
Baghdad's new morning:
In a seminar characterized by realism and candor and attended by a large gathering of senior financial experts and economists in Iraq and the workers in the state and civil society. Dr. Ali Keywords central bank governor spoke about the current financial situation and future tasks of the central bank and its role in the development of sustainable construction and the difficulties and obstacles faced by the fiscal and monetary policies in Iraq. Began MP Mehdi al-Hafez, who ran a seminar speech on a number of issues related to the fiscal and monetary sides in the country, what the central bank's role under the security and political situation of the Iraq .. indicating that the role of the central bank should be wider than it is today is concerned primarily the basis of the events of sustainable development based on a balance between fiscal and monetary policies in the framework of a clear economic vision laid down by the state.
Gap between the public and private sectors
Hafiz pointed to the existence of a gap between the public and private sectors in the financial side as almost the relationship be parked between public banks and private banks is what makes development in Iraq is facing a big tumble in her career .. calling to take advantage of the paragraphs contained in the government program, which is an ambitious program, especially in the regard to the trend towards the private sector and leave the totalitarian economy and market-oriented economy, which guarantees to the private sector a larger space in the process of economic participation and increase the proportion of its contribution to GDP.
Hafiz predicted that private banks have a clear role in the future, provided freed from the domination of public banks and work to restructure State-owned banks and this delayed the project for quite some time what explains the presence of the wills of a barrier to the implementation of this vital step.
Hafiz and touched on the recent meeting in Arbil, and the importance of eating "the Association of private banks," and the need to implement the decisions of the government's economic committee on private banks and the need to support it by all available means, in particular those relating to financial and other court.
Hafiz and wondered about the validity of the House of Representatives in capping the sales of the currency in the bank auction. Is this in line with the central bank, the Constitution and the law of the country's need.
Then accept it, Mr. Governor of the Central Bank of Iraq, Dr. Ali Mohsen Keywords current situation and future tasks carried out by the Bank under the direction of existing and that the entire aimed at finding a fiscal and monetary policy in Iraq is consistent with the economic trends of the international, which aims to shift towards a market economy and activating the role of the private your contribution, which is still low and needs a lot of practical measures. . Noting that, in order to determine the features of the current situation and thus determine the tasks of the future that should be working on the bank and objectives Home to be traffic on those goals, including the pursuit of monetary policy aimed at price stability to be considered a prerequisite for sustainable growth and major component macroeconomic and provide a favorable environment Investment protection is necessary purchasing power.
He went Keywords saying that the central bank seeks to support the construction of Mali efficient and transparent sector contributes to sustainable development and well-being of citizens in accordance with the best international practices and standards and the practice of the agent and financial advisor to the government and to coordinate monetary policy with fiscal policy in Iraq, the role .. He pointed to the need for the surrounding general environment analysis in political, economic, environmental, technological and legal frameworks and diagnosis of the challenges facing the central bank to achieve the objectives of the bank and which include security and political turmoil and its impact on the economic, investment and social reality.
Lower growth rate (1%)
He Keywords that the decline in the real growth of the economy rate in 2015 is expected to be less than 1 per cent, with an increase in the rate of population growth rate of approximately 3 percent and rising poverty and unemployment rates reduce the challenges faced by the Bank in achieving its objectives in the absence of Model macroeconomic, with unilateral financial resources and lack of flexibility in the productive sector, accompanied by a weak financial policy efficiency in the country which was characterized by the existence of consumer spending and a yield for the purposes of political gain unavailing, as well as the weakness of the tax device efficiency and legislation and underdeveloped financial management system and the system of the state budget with no economic framework for the whole of this budget and the difficulty of spending cuts and revenue increase the difficulty, as well as the lack of coordination between fiscal and monetary policies, and that the general budget allocations to a clear analysis of the cost and benefit.
Keywords He noted that the banking sector backwardness and weakness of his role in the development process is one of the challenges facing the central bank as a result of poor adherence to international standards and practices, as well as weak risk management macro and micro-prudential and precautions, as well as weak governance because of the quality of the shareholders of the banks and the lack of a clear separation between ownership and management and the absence of equal opportunity to create a competitive banking sector and focused banking activity in government banks.
He Governor of the Central Bank of Iraq to lower the total credit ratio, which stood at about 15 per cent of gross domestic product, compared with 55 per cent for all countries of the region, the Middle East and North Africa .. adding .. The failure of the banking sector was the result of the absence of a general law for ages, making the collection of banks for loans are fraught with danger and take the implementation of the loans judicial proceedings in simple cases for several years.
And increased relationship .. The weak contribution of the private sector in GDP with continued public sector institutions in the acquisition of the production and service activities in spite of carrying the state treasury huge amounts of money annually in bridging chronic inability .. as well as poor infrastructure, legal and regulatory capital market and the limited services offered by banks to their customers, adoption and estimated based on what achieved from the sale of foreign currency, also is one of the challenges facing the Central Bank is added to an excess of foreign currency strengthens the central bank and the private sector reserves Istnzvha .. explaining the size of the revenue for the years 2011 -2014 reached (319) billion dollars .. while the total amount of imports for the years mentioned 259 billion dollars, the difference is $ 60 billion just four years.
Number of economic and administrative reforms
Keywords and said that there are serious phenomena of large gaps in the public sector environments require a number of economic, administrative, regulatory and legislative reforms, accompanied by a real activation strategies, programs and plans that are still just documents parked aside .. stressing that he can not achieve the needed reforms without the presence of a real political will proceed from consciousness objective of the new philosophy of the state's social-market economy, good governance and transformation of state-of-the role of blasphemy and care to the role of planning, supervision and motivation and to abandon a central legacy of economic and service activities, and the legacy of bureaucracy and leave the political and sectarian quotas and follow the principle of equal opportunities to achieve the principle of the right man in the right place.
And future tasks of the Central Bank of Iraq said the governor, Dr Ali Keywords that with the presence of significant challenges facing the performance of the bank to his duties, but he stays in front of the responsibilities of a large and functions and is now working on formulating a strategy for the implementation of the task of a package of programs and plans Plan of them do hold a number of legislative amendments to a range of laws, a central bank, banks, banking and Islamic instruments laws and anti-money laundering and guarantee deposits .. revealing the pursuit of the central bank to support the establishment of a new set of financial and banking institutions in the field of deposit insurance and the financing of small and medium enterprises and credit information in addition to supporting the diverse goals of investment funds and the financing of investment projects medium and long term.
He Keywords that the bank also seeks to activate the interbank lending market and activate the role of the reserve compulsory as an effective instrument for the management of liquidity and the trend towards preferential prices for some of the economic and social sectors in order to stimulus and to contribute to building a model of the national economy and activating the role of the central bank as a financial consultant and economist for the government .. criticizing at the same time the state budget included a clause allowing the government to intervene in the affairs of the Bank by identifying the volume of sales to 75 million dollars a day and put this item by the House and not by the government but the result that its implementation will be a government .. warning that it will introduce a lot of money Iraqi abroad at risk .. revealing the bank filed a lawsuit in Federal Court to overturn this article .. expected to win the case .. calling to be is that the bank intervenes in the government of Shan estimated positive cash as a financial advisor and the government's fiscal policies down to Building sustainable development.
Keywords also stressed the need to strengthen the supervisory role of the Bank in the framework of the risks and precautions, and the application of international standards and recommendations. .. Indicating that the bank is currently working on the development of rules and new mechanisms for the sale of foreign currency to reduce the negative phenomena that prevailed in this process and that it was their results a case of tax evasion, money laundering and the dimensions of the bank and the banks generally carry out their activities the President and the smuggling of foreign currency abroad and drain bank reserves and facilitate and encourage imports unnecessary and flooding the market and hinder the establishment of local industries and the spread of the phenomena of corruption and corruption and create revenues and obscene disparities in access.
Revealed Keywords for some data related to government banks and private banks, as between the total assets amounted to 225 trillion dinars, of which 204 trillion dinars to the government banks and 20 trillion dinars to the private banks .. The total capital of banks amounted to about ( 9) trillion dinars, of which 7 trillion in private banks and less (2) two trillion dinars to the government banks .. Indicating that the total deposits amounted to 75 trillion dinars Credit total amounted to 83 trillion dinars .. while loans and advances (33) trillion dinars credit Almatmda reached about 50 trillion dinars.
Keywords also revealed the presence of more than 40 trillion dinars belonging to institutions of various state and is not of interest to the lack of a central account to manage this money .. calling for the establishment of such an account with the Central Bank to take advantage of these huge amounts of money to finance the deficit and tackle the financial crisis Iraq faces.
Interventions and comments
After that showed the number of participants in the symposium their views and comments on the subject of monetary and fiscal administration in Iraq .. recalling Dr. Falah Thuwaini of Mustansiriya University that development can not be achieved without a functioning banking sector .. indicating that the central bank in the status quo was able to prices to a good stage .. wondering: But what about the role of the central bank in the future development Some carried responsibility in foreign currency smuggling .. demanding the establishment of government institutions develop clear strategies to promote the development of reality.
Board member of the Bank of Mosul administration, one of the private sector banks called for the central bank to help the private sector banks, which suffered damage to those found in hot areas, especially .. Here, the Governor of the Central Bank assured that there is a process in this direction measures to get to the mechanism suitable to compensate the affected banks .
Media and banking expert Ghazi Kanani pointed out that the Central Bank has played an important role in the stability of prices, but there are large cash liquidity in the private sector banks is possible to utilize them in the development process through deregulation and reduce the dominance of state banks.
Banking expert Adnan Chalabi Ashur International Bank director stressed the importance of the decisions of the government's economic committee for the attention of financial Court.
Banking expert Hamza Dawood Investment Bank said in his speech to double the contribution of the private sector in the development process .. pointing out that it is possible to activate this role through the promotion of confidence with the government banks.
Director General of the Trade Bank of Iraq Ms. Hamdiya dry revealed the existence of large cash liquidity to Ataatm utilized in development .. calling for a culture change in state institutions, a lack of confidence, which dates back to the policies .. wondering: what for. We do not activate the money held by state institutions and give role of private banks better by lifting the restrictions of public banks.
She dry to the existence of a private Iraqi company owns 13 aircraft commercial transport, but the Ministry of Transportation does not allow them to invest these aircraft at the same time allow companies to non-Iraqi working within Iraqi airspace and this is evidence of the dominance of the public sector by about absolute all economic activities and Batali deprive the private sector the opportunity to participate in development.
Industrial expert Hashim Atraqchi called to re-work the Division of foreign exchange in the central bank to be responsible for all transfers and appropriations commercial and industrial documentary.
So Dr. Mohammed al-Haj Hammoud in his speech that the budget law to ensure defects are clear to intervene in the central bank's Affairs, an independent body and this intervention shows Iraqi funds abroad at risk in this output of the lack of coordination between fiscal and monetary policies because of the lack of clarity in the financial policy of the political blocs .. He pointed out that other defects are a tax on the ticket and this includes the Iraqi Airways, which only carries additional burdens .. There taxes were added by the House of Representatives, which creates problems for the executive authorities.
Banking expert Samir Alnasiri of Gulf Commercial Bank explained that the real problem for private banks is that the CCCP to dialogue with them and in the light of the government's drive towards the private sector has to be the formation of a crisis means banks of the private sector cell begins its analysis of the situation of the private sector, this sector contributes 50 per cent in this Committee.
Abdullah al-Bandar economist pointed out that the central bank should have autonomy with regard to auction currency and contribute to price stability .. calling process to find a case of logical balance between fiscal and monetary policies in Iraq.
Iraqi media Ulkipaúa Hamid said that there is a silent problem Atha higher prices leads to rising inflation index, and here must be private banks and a clear role in the process control prices and lower inflation rates.
Banking expert Adel Nouri of Credit Bank of Iraq .. pointed to the private sector banks are the first to buy the support bonds that the government intends to sell them to foreign banks .. pointing out that the solution of the problems have other problems For Customs and Ministry of Finance they would do and turn left on the banks of banking functions.
Economic expert Dr. Salama Sumaisem made it clear that at this stage there is an urgent need to issue bonds in the domestic market .. pointing to the existence of the apparent absence of the issue of deposit insurance is an indication of the weakness of indirect investment.
Professor Alaguetsadh Dr. Wafaa Mehdawi .. wondered about the mechanisms used by the central bank to implement the government program in the developmental part it includes clauses important trends in this program is possible to utilize them in the central bank's policies.
Industrial expert, Dr. Samir Lillo called for paying special attention to the loans being President is the key to development as the central bank needs to process expertise to assess the economic feasibility of each project and thus determine the priorities.
In conclusion, Dr. Ali took Keywords answer the questions and comments raised, then Dr. Mehdi al-Hafez occur stressing the importance of private banks and rehabilitation of government banks and thanked d. Keywords lecture on the value.
[You must be registered and logged in to see this link.]
3/8/2015
In a seminar for "progress Institute for Development Policy"
Baghdad's new morning:
In a seminar characterized by realism and candor and attended by a large gathering of senior financial experts and economists in Iraq and the workers in the state and civil society. Dr. Ali Keywords central bank governor spoke about the current financial situation and future tasks of the central bank and its role in the development of sustainable construction and the difficulties and obstacles faced by the fiscal and monetary policies in Iraq. Began MP Mehdi al-Hafez, who ran a seminar speech on a number of issues related to the fiscal and monetary sides in the country, what the central bank's role under the security and political situation of the Iraq .. indicating that the role of the central bank should be wider than it is today is concerned primarily the basis of the events of sustainable development based on a balance between fiscal and monetary policies in the framework of a clear economic vision laid down by the state.
Gap between the public and private sectors
Hafiz pointed to the existence of a gap between the public and private sectors in the financial side as almost the relationship be parked between public banks and private banks is what makes development in Iraq is facing a big tumble in her career .. calling to take advantage of the paragraphs contained in the government program, which is an ambitious program, especially in the regard to the trend towards the private sector and leave the totalitarian economy and market-oriented economy, which guarantees to the private sector a larger space in the process of economic participation and increase the proportion of its contribution to GDP.
Hafiz predicted that private banks have a clear role in the future, provided freed from the domination of public banks and work to restructure State-owned banks and this delayed the project for quite some time what explains the presence of the wills of a barrier to the implementation of this vital step.
Hafiz and touched on the recent meeting in Arbil, and the importance of eating "the Association of private banks," and the need to implement the decisions of the government's economic committee on private banks and the need to support it by all available means, in particular those relating to financial and other court.
Hafiz and wondered about the validity of the House of Representatives in capping the sales of the currency in the bank auction. Is this in line with the central bank, the Constitution and the law of the country's need.
Then accept it, Mr. Governor of the Central Bank of Iraq, Dr. Ali Mohsen Keywords current situation and future tasks carried out by the Bank under the direction of existing and that the entire aimed at finding a fiscal and monetary policy in Iraq is consistent with the economic trends of the international, which aims to shift towards a market economy and activating the role of the private your contribution, which is still low and needs a lot of practical measures. . Noting that, in order to determine the features of the current situation and thus determine the tasks of the future that should be working on the bank and objectives Home to be traffic on those goals, including the pursuit of monetary policy aimed at price stability to be considered a prerequisite for sustainable growth and major component macroeconomic and provide a favorable environment Investment protection is necessary purchasing power.
He went Keywords saying that the central bank seeks to support the construction of Mali efficient and transparent sector contributes to sustainable development and well-being of citizens in accordance with the best international practices and standards and the practice of the agent and financial advisor to the government and to coordinate monetary policy with fiscal policy in Iraq, the role .. He pointed to the need for the surrounding general environment analysis in political, economic, environmental, technological and legal frameworks and diagnosis of the challenges facing the central bank to achieve the objectives of the bank and which include security and political turmoil and its impact on the economic, investment and social reality.
Lower growth rate (1%)
He Keywords that the decline in the real growth of the economy rate in 2015 is expected to be less than 1 per cent, with an increase in the rate of population growth rate of approximately 3 percent and rising poverty and unemployment rates reduce the challenges faced by the Bank in achieving its objectives in the absence of Model macroeconomic, with unilateral financial resources and lack of flexibility in the productive sector, accompanied by a weak financial policy efficiency in the country which was characterized by the existence of consumer spending and a yield for the purposes of political gain unavailing, as well as the weakness of the tax device efficiency and legislation and underdeveloped financial management system and the system of the state budget with no economic framework for the whole of this budget and the difficulty of spending cuts and revenue increase the difficulty, as well as the lack of coordination between fiscal and monetary policies, and that the general budget allocations to a clear analysis of the cost and benefit.
Keywords He noted that the banking sector backwardness and weakness of his role in the development process is one of the challenges facing the central bank as a result of poor adherence to international standards and practices, as well as weak risk management macro and micro-prudential and precautions, as well as weak governance because of the quality of the shareholders of the banks and the lack of a clear separation between ownership and management and the absence of equal opportunity to create a competitive banking sector and focused banking activity in government banks.
He Governor of the Central Bank of Iraq to lower the total credit ratio, which stood at about 15 per cent of gross domestic product, compared with 55 per cent for all countries of the region, the Middle East and North Africa .. adding .. The failure of the banking sector was the result of the absence of a general law for ages, making the collection of banks for loans are fraught with danger and take the implementation of the loans judicial proceedings in simple cases for several years.
And increased relationship .. The weak contribution of the private sector in GDP with continued public sector institutions in the acquisition of the production and service activities in spite of carrying the state treasury huge amounts of money annually in bridging chronic inability .. as well as poor infrastructure, legal and regulatory capital market and the limited services offered by banks to their customers, adoption and estimated based on what achieved from the sale of foreign currency, also is one of the challenges facing the Central Bank is added to an excess of foreign currency strengthens the central bank and the private sector reserves Istnzvha .. explaining the size of the revenue for the years 2011 -2014 reached (319) billion dollars .. while the total amount of imports for the years mentioned 259 billion dollars, the difference is $ 60 billion just four years.
Number of economic and administrative reforms
Keywords and said that there are serious phenomena of large gaps in the public sector environments require a number of economic, administrative, regulatory and legislative reforms, accompanied by a real activation strategies, programs and plans that are still just documents parked aside .. stressing that he can not achieve the needed reforms without the presence of a real political will proceed from consciousness objective of the new philosophy of the state's social-market economy, good governance and transformation of state-of-the role of blasphemy and care to the role of planning, supervision and motivation and to abandon a central legacy of economic and service activities, and the legacy of bureaucracy and leave the political and sectarian quotas and follow the principle of equal opportunities to achieve the principle of the right man in the right place.
And future tasks of the Central Bank of Iraq said the governor, Dr Ali Keywords that with the presence of significant challenges facing the performance of the bank to his duties, but he stays in front of the responsibilities of a large and functions and is now working on formulating a strategy for the implementation of the task of a package of programs and plans Plan of them do hold a number of legislative amendments to a range of laws, a central bank, banks, banking and Islamic instruments laws and anti-money laundering and guarantee deposits .. revealing the pursuit of the central bank to support the establishment of a new set of financial and banking institutions in the field of deposit insurance and the financing of small and medium enterprises and credit information in addition to supporting the diverse goals of investment funds and the financing of investment projects medium and long term.
He Keywords that the bank also seeks to activate the interbank lending market and activate the role of the reserve compulsory as an effective instrument for the management of liquidity and the trend towards preferential prices for some of the economic and social sectors in order to stimulus and to contribute to building a model of the national economy and activating the role of the central bank as a financial consultant and economist for the government .. criticizing at the same time the state budget included a clause allowing the government to intervene in the affairs of the Bank by identifying the volume of sales to 75 million dollars a day and put this item by the House and not by the government but the result that its implementation will be a government .. warning that it will introduce a lot of money Iraqi abroad at risk .. revealing the bank filed a lawsuit in Federal Court to overturn this article .. expected to win the case .. calling to be is that the bank intervenes in the government of Shan estimated positive cash as a financial advisor and the government's fiscal policies down to Building sustainable development.
Keywords also stressed the need to strengthen the supervisory role of the Bank in the framework of the risks and precautions, and the application of international standards and recommendations. .. Indicating that the bank is currently working on the development of rules and new mechanisms for the sale of foreign currency to reduce the negative phenomena that prevailed in this process and that it was their results a case of tax evasion, money laundering and the dimensions of the bank and the banks generally carry out their activities the President and the smuggling of foreign currency abroad and drain bank reserves and facilitate and encourage imports unnecessary and flooding the market and hinder the establishment of local industries and the spread of the phenomena of corruption and corruption and create revenues and obscene disparities in access.
Revealed Keywords for some data related to government banks and private banks, as between the total assets amounted to 225 trillion dinars, of which 204 trillion dinars to the government banks and 20 trillion dinars to the private banks .. The total capital of banks amounted to about ( 9) trillion dinars, of which 7 trillion in private banks and less (2) two trillion dinars to the government banks .. Indicating that the total deposits amounted to 75 trillion dinars Credit total amounted to 83 trillion dinars .. while loans and advances (33) trillion dinars credit Almatmda reached about 50 trillion dinars.
Keywords also revealed the presence of more than 40 trillion dinars belonging to institutions of various state and is not of interest to the lack of a central account to manage this money .. calling for the establishment of such an account with the Central Bank to take advantage of these huge amounts of money to finance the deficit and tackle the financial crisis Iraq faces.
Interventions and comments
After that showed the number of participants in the symposium their views and comments on the subject of monetary and fiscal administration in Iraq .. recalling Dr. Falah Thuwaini of Mustansiriya University that development can not be achieved without a functioning banking sector .. indicating that the central bank in the status quo was able to prices to a good stage .. wondering: But what about the role of the central bank in the future development Some carried responsibility in foreign currency smuggling .. demanding the establishment of government institutions develop clear strategies to promote the development of reality.
Board member of the Bank of Mosul administration, one of the private sector banks called for the central bank to help the private sector banks, which suffered damage to those found in hot areas, especially .. Here, the Governor of the Central Bank assured that there is a process in this direction measures to get to the mechanism suitable to compensate the affected banks .
Media and banking expert Ghazi Kanani pointed out that the Central Bank has played an important role in the stability of prices, but there are large cash liquidity in the private sector banks is possible to utilize them in the development process through deregulation and reduce the dominance of state banks.
Banking expert Adnan Chalabi Ashur International Bank director stressed the importance of the decisions of the government's economic committee for the attention of financial Court.
Banking expert Hamza Dawood Investment Bank said in his speech to double the contribution of the private sector in the development process .. pointing out that it is possible to activate this role through the promotion of confidence with the government banks.
Director General of the Trade Bank of Iraq Ms. Hamdiya dry revealed the existence of large cash liquidity to Ataatm utilized in development .. calling for a culture change in state institutions, a lack of confidence, which dates back to the policies .. wondering: what for. We do not activate the money held by state institutions and give role of private banks better by lifting the restrictions of public banks.
She dry to the existence of a private Iraqi company owns 13 aircraft commercial transport, but the Ministry of Transportation does not allow them to invest these aircraft at the same time allow companies to non-Iraqi working within Iraqi airspace and this is evidence of the dominance of the public sector by about absolute all economic activities and Batali deprive the private sector the opportunity to participate in development.
Industrial expert Hashim Atraqchi called to re-work the Division of foreign exchange in the central bank to be responsible for all transfers and appropriations commercial and industrial documentary.
So Dr. Mohammed al-Haj Hammoud in his speech that the budget law to ensure defects are clear to intervene in the central bank's Affairs, an independent body and this intervention shows Iraqi funds abroad at risk in this output of the lack of coordination between fiscal and monetary policies because of the lack of clarity in the financial policy of the political blocs .. He pointed out that other defects are a tax on the ticket and this includes the Iraqi Airways, which only carries additional burdens .. There taxes were added by the House of Representatives, which creates problems for the executive authorities.
Banking expert Samir Alnasiri of Gulf Commercial Bank explained that the real problem for private banks is that the CCCP to dialogue with them and in the light of the government's drive towards the private sector has to be the formation of a crisis means banks of the private sector cell begins its analysis of the situation of the private sector, this sector contributes 50 per cent in this Committee.
Abdullah al-Bandar economist pointed out that the central bank should have autonomy with regard to auction currency and contribute to price stability .. calling process to find a case of logical balance between fiscal and monetary policies in Iraq.
Iraqi media Ulkipaúa Hamid said that there is a silent problem Atha higher prices leads to rising inflation index, and here must be private banks and a clear role in the process control prices and lower inflation rates.
Banking expert Adel Nouri of Credit Bank of Iraq .. pointed to the private sector banks are the first to buy the support bonds that the government intends to sell them to foreign banks .. pointing out that the solution of the problems have other problems For Customs and Ministry of Finance they would do and turn left on the banks of banking functions.
Economic expert Dr. Salama Sumaisem made it clear that at this stage there is an urgent need to issue bonds in the domestic market .. pointing to the existence of the apparent absence of the issue of deposit insurance is an indication of the weakness of indirect investment.
Professor Alaguetsadh Dr. Wafaa Mehdawi .. wondered about the mechanisms used by the central bank to implement the government program in the developmental part it includes clauses important trends in this program is possible to utilize them in the central bank's policies.
Industrial expert, Dr. Samir Lillo called for paying special attention to the loans being President is the key to development as the central bank needs to process expertise to assess the economic feasibility of each project and thus determine the priorities.
In conclusion, Dr. Ali took Keywords answer the questions and comments raised, then Dr. Mehdi al-Hafez occur stressing the importance of private banks and rehabilitation of government banks and thanked d. Keywords lecture on the value.
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