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Parliamentary Finance and the Governor of the Central Bank are discussing the Banking Act and the creation of money transfer companies
Date: 2015/04/07
Information / Baghdad / ..
Parliamentary Finance Committee discussed on Tuesday, with the Governor of the Central Bank of the Banking Act and the creation of money transfer companies, as he emphasized the latter that the project to delete the zeros of Aigll of paper size, pointed to the need for the integration of private banks and activation of banking activity, a proposal to reconsider the structure of a bank Rafidain and Rasheed and converted to sector Special to upgrade them.
The Information Service of the House of Representatives in the proxy statement / information / received a copy of it, "the Finance Committee, headed by MP Ahmad Chalabi and the presence of its members hosted the Governor of the Central Bank and his senior staff and discussed assets and net reserves of domestic credit and the net in the balance sheet of the bank and the basis of cash and the impact of increasing oil reserves, which lead to a reduction in the cash basis, "indicating that" Chalabi listened reasons that had to move the exchange rate in the market that gap and monopolistic profits influential happening on the official exchange rate, and find treatments in this area. "
She added that "the two sides discussed the Banking Law and the Law on Anti-Money Laundering, and the creation of money transfer companies, amounting to more than 1,500 companies, and the development of investment banking in line with bank liquidity according to special liquidity standards and requiring banks to allocate funds for lending and review statistics for monetary credit, investments, total assets and systems as well as the overall project to delete the zeros and its implications and the development of financial categories to facilitate storage and study of new factors and appropriate market conditions and inflationary effects and artistic ways to maintain the currency of fraud before proceeding to implement it. "
And accept senior bank employees, according to the statement property-oil economy in exchange for properties reserve the economy and the link between international reserves and the exchange market and the impact of inflation, which influences the price of the dinar, and the deterioration of the competitiveness of the country's industry, agriculture and the real exchange rate and bilateral changes in it, and the pressures of demand for foreign currency. " .
She drew the circle to be "MP Haitham al-Jubouri, a member of the Finance Committee suggested that the central bank to address all of the Department of Trade and Industry about the volume of imports and exports in cooperation with the parliamentary finance committee, wondering about the overall management of the Bank in the Rafidain Bank and Rasheed to prevent the acquisition of (Income and Outcome) and address the BSA to check the size of financial transactions and payments and the need to follow the bank management in banks by the central bank because they cause a real problem of corruption in this sector, inquiring about the bank's role on the issue of loss-making banks in Basra and Baghdad, which does not have sufficient reserves for possible payment of all deposits and companies money and instructions Islamic instruments and customs and tax laundering and percentage deducted and the implications of this deduction. "
For its part, showed MP Magda al-Tamimi, "Review of Iraq's money table since two thousand and three that contains Ziaat and frauds and large thefts and contradiction, which is set to the Finance Committee in numbers through the books by the concerned authorities, demanding the central bank to provide the parliamentary finance committee were made of (DFI) and clarify about the sovereign fund, which Taatbah foreign bodies and put Iraq's money abroad and protection project. "
In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance to explain about the deposit insurance system in favor of the proposal of the Finance Committee determine Alastairadt through the Ministry of Commerce under the title Platform import each subject and the need for Iraq to this article, also put forward solutions to the Rafidain Bank and Rasheed reconsider the structure of these banks and converted to the private sector to upgrade them and their progress, the parliamentary finance committee and participated concerns about Takma affecting the private banking sector. "
He stressed the need for the integration of private banks and activation of the banking activity in addition to problems related to Bachirfah, and facilities offered by the Bank for Islamic Banks that keep pace with the global trend in this area, and to support weak banks and vacationed, in addition to re-Bank Warka exchange for adequate safeguards for the provision of liquidity, being one of the banks that have experience pioneered and advanced in the field of management and money .anthy / 25 h
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Date: 2015/04/07
Information / Baghdad / ..
Parliamentary Finance Committee discussed on Tuesday, with the Governor of the Central Bank of the Banking Act and the creation of money transfer companies, as he emphasized the latter that the project to delete the zeros of Aigll of paper size, pointed to the need for the integration of private banks and activation of banking activity, a proposal to reconsider the structure of a bank Rafidain and Rasheed and converted to sector Special to upgrade them.
The Information Service of the House of Representatives in the proxy statement / information / received a copy of it, "the Finance Committee, headed by MP Ahmad Chalabi and the presence of its members hosted the Governor of the Central Bank and his senior staff and discussed assets and net reserves of domestic credit and the net in the balance sheet of the bank and the basis of cash and the impact of increasing oil reserves, which lead to a reduction in the cash basis, "indicating that" Chalabi listened reasons that had to move the exchange rate in the market that gap and monopolistic profits influential happening on the official exchange rate, and find treatments in this area. "
She added that "the two sides discussed the Banking Law and the Law on Anti-Money Laundering, and the creation of money transfer companies, amounting to more than 1,500 companies, and the development of investment banking in line with bank liquidity according to special liquidity standards and requiring banks to allocate funds for lending and review statistics for monetary credit, investments, total assets and systems as well as the overall project to delete the zeros and its implications and the development of financial categories to facilitate storage and study of new factors and appropriate market conditions and inflationary effects and artistic ways to maintain the currency of fraud before proceeding to implement it. "
And accept senior bank employees, according to the statement property-oil economy in exchange for properties reserve the economy and the link between international reserves and the exchange market and the impact of inflation, which influences the price of the dinar, and the deterioration of the competitiveness of the country's industry, agriculture and the real exchange rate and bilateral changes in it, and the pressures of demand for foreign currency. " .
She drew the circle to be "MP Haitham al-Jubouri, a member of the Finance Committee suggested that the central bank to address all of the Department of Trade and Industry about the volume of imports and exports in cooperation with the parliamentary finance committee, wondering about the overall management of the Bank in the Rafidain Bank and Rasheed to prevent the acquisition of (Income and Outcome) and address the BSA to check the size of financial transactions and payments and the need to follow the bank management in banks by the central bank because they cause a real problem of corruption in this sector, inquiring about the bank's role on the issue of loss-making banks in Basra and Baghdad, which does not have sufficient reserves for possible payment of all deposits and companies money and instructions Islamic instruments and customs and tax laundering and percentage deducted and the implications of this deduction. "
For its part, showed MP Magda al-Tamimi, "Review of Iraq's money table since two thousand and three that contains Ziaat and frauds and large thefts and contradiction, which is set to the Finance Committee in numbers through the books by the concerned authorities, demanding the central bank to provide the parliamentary finance committee were made of (DFI) and clarify about the sovereign fund, which Taatbah foreign bodies and put Iraq's money abroad and protection project. "
In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance to explain about the deposit insurance system in favor of the proposal of the Finance Committee determine Alastairadt through the Ministry of Commerce under the title Platform import each subject and the need for Iraq to this article, also put forward solutions to the Rafidain Bank and Rasheed reconsider the structure of these banks and converted to the private sector to upgrade them and their progress, the parliamentary finance committee and participated concerns about Takma affecting the private banking sector. "
He stressed the need for the integration of private banks and activation of the banking activity in addition to problems related to Bachirfah, and facilities offered by the Bank for Islamic Banks that keep pace with the global trend in this area, and to support weak banks and vacationed, in addition to re-Bank Warka exchange for adequate safeguards for the provision of liquidity, being one of the banks that have experience pioneered and advanced in the field of management and money .anthy / 25 h
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