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http://www.alqurtasnews.com/news/192263/القطاع-المصرفي-العراقي-يحتاج-إعادة-تقويم
Iraqi banking sector needs to recalibrate and classification
Sunday 09 October 2016 | 14:34
I suggest the Iraqi banking expert Samir Al Nassiri, the CBI is a study on the realities of Government and private banks down to re straightened and rated, and assigning specialized staff in the financial analysis to determine criteria for the efficiency of the administrative and credit, with the participation of Iraqi banks Association and expert advisers and bankers.
Iraqi banking sector comprises seven Government banks is «good» and «rivers» and «» and «trade Iraqi industrial, agricultural and real estate, and «Islamic rivers», and 35 private banks, including Islamic banks and branches of foreign banks.
Al Nassiri noted in an interview to «life», «the importance of implementing the resolution of the Board of Directors of the Central Bank controls the nomination of Board members and staff leaders in banks, confirming the separation between owners and executive departments, and not allow them to intervene in Executive job».
He explained that the economic crisis «Pant features since mid-2014 and continued its repercussions so far, behind them known causes of economists and the public». And b «financial mismanagement at State institutions, egotistic behaviour of oil resources achieved in previous years, as well as declining oil prices by 65 percent from what it was, added to all costs of the war on terror and its requirements.
And Al Nassiri said there are steps to remedy the wrong policies in the economy, the importance of «a methodology or a clear strategy for the economy, and not rely entirely on oil resources, plans and programmes aimed at diversifying resources and encourage other sectors such as agriculture, industry and tourism».
He stressed the need to "apply the strategies prepared by committees of Cabinet advisers, in cooperation with the United Nations international organizations, 16 have not been implemented yet, it didn't support the financial exuberance, days of oil revenues.
He focused on «thrust towards building infrastructure and the sponsoring institutions and supporting the economy, adopting the correct mechanisms in implementing monetary policy and find an alternative currency for the auction he faced criticism».
And the monetary circulation market, pointed out that «the problems experienced by the instability of the exchange rate of the dinar, the flight of the ratio of foreign currency abroad for non-economic objectives and download Central Bank responsibility that must be shared by government institutions, as well as speculators and currency traders, the factors leading to the low savings rate «money in banks to 23 percent, compared with 77 percent of compactness ratio outside the banking sector.
I consider it «indicates mistrust between customers and a number of banks due to low liquidity in each to a minimum, what brought the banks unable to discharge their obligations to customers upon their request to refund deposits».
Business and money was consoled by mismanagement of the banking sector to control of financiers and bankers to exploit funds». And carried a central government responsibility «the deteriorating economic situation of lack of planning and organization.
He said Iraqi businessmen Union President willing blibel, «mismanagement in the banking sector due to the control of financiers, which contributed to the use of funds by some bank managers for their investment in illegally.
And saw Iraqi businessmen Union Member Abdul Hassan frozen yogurt, that «this problem to be borne by the Central Government for the delay in payment to people, in addition to non-regulated economic operation has led to the collapse of the process.
Representative of international projects Center in Iraq Mona zalzal told, that «real-banking banks were one of the causes of the problem, as are given to friends and acquaintances managers without studying».
The Central Bank gave banks until September last, to adapt systems and electronic trading».
He stated that «proportion of beneficiaries and users of such transactions does not exceed 10 percent. Maybe the possibility to expand its contribution to the "use and benefit from 77 percent of the money supply to citizens outside the banks, get rid of cash circulation problems».
Iraqi banking sector needs to recalibrate and classification
Sunday 09 October 2016 | 14:34
I suggest the Iraqi banking expert Samir Al Nassiri, the CBI is a study on the realities of Government and private banks down to re straightened and rated, and assigning specialized staff in the financial analysis to determine criteria for the efficiency of the administrative and credit, with the participation of Iraqi banks Association and expert advisers and bankers.
Iraqi banking sector comprises seven Government banks is «good» and «rivers» and «» and «trade Iraqi industrial, agricultural and real estate, and «Islamic rivers», and 35 private banks, including Islamic banks and branches of foreign banks.
Al Nassiri noted in an interview to «life», «the importance of implementing the resolution of the Board of Directors of the Central Bank controls the nomination of Board members and staff leaders in banks, confirming the separation between owners and executive departments, and not allow them to intervene in Executive job».
He explained that the economic crisis «Pant features since mid-2014 and continued its repercussions so far, behind them known causes of economists and the public». And b «financial mismanagement at State institutions, egotistic behaviour of oil resources achieved in previous years, as well as declining oil prices by 65 percent from what it was, added to all costs of the war on terror and its requirements.
And Al Nassiri said there are steps to remedy the wrong policies in the economy, the importance of «a methodology or a clear strategy for the economy, and not rely entirely on oil resources, plans and programmes aimed at diversifying resources and encourage other sectors such as agriculture, industry and tourism».
He stressed the need to "apply the strategies prepared by committees of Cabinet advisers, in cooperation with the United Nations international organizations, 16 have not been implemented yet, it didn't support the financial exuberance, days of oil revenues.
He focused on «thrust towards building infrastructure and the sponsoring institutions and supporting the economy, adopting the correct mechanisms in implementing monetary policy and find an alternative currency for the auction he faced criticism».
And the monetary circulation market, pointed out that «the problems experienced by the instability of the exchange rate of the dinar, the flight of the ratio of foreign currency abroad for non-economic objectives and download Central Bank responsibility that must be shared by government institutions, as well as speculators and currency traders, the factors leading to the low savings rate «money in banks to 23 percent, compared with 77 percent of compactness ratio outside the banking sector.
I consider it «indicates mistrust between customers and a number of banks due to low liquidity in each to a minimum, what brought the banks unable to discharge their obligations to customers upon their request to refund deposits».
Business and money was consoled by mismanagement of the banking sector to control of financiers and bankers to exploit funds». And carried a central government responsibility «the deteriorating economic situation of lack of planning and organization.
He said Iraqi businessmen Union President willing blibel, «mismanagement in the banking sector due to the control of financiers, which contributed to the use of funds by some bank managers for their investment in illegally.
And saw Iraqi businessmen Union Member Abdul Hassan frozen yogurt, that «this problem to be borne by the Central Government for the delay in payment to people, in addition to non-regulated economic operation has led to the collapse of the process.
Representative of international projects Center in Iraq Mona zalzal told, that «real-banking banks were one of the causes of the problem, as are given to friends and acquaintances managers without studying».
The Central Bank gave banks until September last, to adapt systems and electronic trading».
He stated that «proportion of beneficiaries and users of such transactions does not exceed 10 percent. Maybe the possibility to expand its contribution to the "use and benefit from 77 percent of the money supply to citizens outside the banks, get rid of cash circulation problems».
