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Expert confirms that budget 2006 allocated $ 500 million for 3 development banks did not see the light
The Central Government does not deposit in private banks because of the crisis of confidence
The appearance of Mohamed Saleh ... Majed mock
Baghdad-Firas Saadoun al-Hamadani
Iraqi Central Bank attributed the abstention in the distribution of government deposits at private banks and foreign governmental involvement in transactions to the inability of many to deal with foreign actors, noting that the Committee set up to examine this matter two months ago, is aware of this.
He said the appearance of Mohamed Saleh, Deputy Governor of the Bank in an interview for "the world" on Monday, that "the Commission agents but most private banks do not have the ability to open appropriations with foreign actors requesting large capital facilities," pointing out that "the banks do not have a global credit rating because of the conditions of the country".
He alluded to a "crisis of confidence in private banks," especially after "override native Bank on government deposits worth 300 billion dinars before 3 years."
And with that central banks own performance monitor regularly however, Saleh played down the importance of this observation "under any bank that could tamper with the money within 24 hours of duration which do not allow central to do anything to repel the Bank it America its strength does not stand before the collapse of the banks".
Abdul Aziz Hasson, Executive Director of the Association of private Iraqi banks for "world" said Sunday, although two months to set up a Joint Committee to discuss the distribution of government deposits at private banks approved by the Central Bank did not meet so far, criticising accounting transactions external to the Iraqi bank of Commerce (TBI).
And on this Bank, between the benefit that was established after the 2003 "the inability of the Rafidain and Rashid (largest government banks in the country) to deal with the outside world for fear of capture creditors money."
But the banker declined to be the only private banks that do not have the capacity to manage Government funds, believing that all banks in the country including governmental unprepared to manage money.
Majed attributed to mock "banks follow non-modern mechanisms and does not have its own policy," said Hassoun of warrantless Government tended to involve the private banking sector in government operations, but failed to do in the end, citing "chaotic scattering attitudes and conflicting wills within a single Ministry. Some private banks have the ability to open foreign credits, but the crisis of confidence prevent them ".
Not only controversy in the banking community to launch by banks vary eligibility information on article 28 of the law on banks (banking activity prohibited), stressing the "instructions for modifying the article got to all banks and provides enable private banks from investing in equities (property rights)", unlike the Hasson told the "second world" published Monday, stating that "the instructions did not reach banks so far because of legal proceedings and we await its arrival."
Mock article considered contentious legal for impeding the work of private banks and, in particular, they are classified as commercial banks, called for the repeal of article 28 or the classification of banks to investment and development ", in order to activate the performance of banks.
Investment banks and development which establishes the usually large capital, investing and loans extended unlike restricted business loan short investment b 20 percent of its deposits.
Mock said that "the general budget 2006 allocated $ 500 million to create 3 development banks in the North and the South and Centre, but did not see the light in 2007 did not arise until the moment".
Commenting on the proposal of the Association of private banks, private banks Central Bank grants "capital support for years limited then retrieve soft assigned", said the Deputy Governor of the Central Bank "best bank in lean Government ... This sloth and claim free money ", mock revealed on" high liquidity of the private banks but want more money for the show needed, although it did not invest ".
Betting and banking circles close to the Central Bank on draft restructuring of Rafidain and Rasheed is a project underway in time under the auspices of the Bank.
Mock has revealed details of the project, "based upon recommendations of foreign advisers (plan) to the Commission on restructuring the Supreme supervisory represented by the Minister of finance and Central Bank Governor and President of the Office of financial supervision", predicting that "the Commission approves these recommendations in the next few days be trucked the process of implementing the plan within the programme not later than two years".
And goes on to mock in saying that the restructuring process does not mean the shape and the sites but "way of thinking and banking reform banking performance and event staff in banks," he said, adding that "there are receptive of middle and senior directorates of restructuring [You must be registered and logged in to see this link.]
The Central Government does not deposit in private banks because of the crisis of confidence
The appearance of Mohamed Saleh ... Majed mock
Baghdad-Firas Saadoun al-Hamadani
Iraqi Central Bank attributed the abstention in the distribution of government deposits at private banks and foreign governmental involvement in transactions to the inability of many to deal with foreign actors, noting that the Committee set up to examine this matter two months ago, is aware of this.
He said the appearance of Mohamed Saleh, Deputy Governor of the Bank in an interview for "the world" on Monday, that "the Commission agents but most private banks do not have the ability to open appropriations with foreign actors requesting large capital facilities," pointing out that "the banks do not have a global credit rating because of the conditions of the country".
He alluded to a "crisis of confidence in private banks," especially after "override native Bank on government deposits worth 300 billion dinars before 3 years."
And with that central banks own performance monitor regularly however, Saleh played down the importance of this observation "under any bank that could tamper with the money within 24 hours of duration which do not allow central to do anything to repel the Bank it America its strength does not stand before the collapse of the banks".
Abdul Aziz Hasson, Executive Director of the Association of private Iraqi banks for "world" said Sunday, although two months to set up a Joint Committee to discuss the distribution of government deposits at private banks approved by the Central Bank did not meet so far, criticising accounting transactions external to the Iraqi bank of Commerce (TBI).
And on this Bank, between the benefit that was established after the 2003 "the inability of the Rafidain and Rashid (largest government banks in the country) to deal with the outside world for fear of capture creditors money."
But the banker declined to be the only private banks that do not have the capacity to manage Government funds, believing that all banks in the country including governmental unprepared to manage money.
Majed attributed to mock "banks follow non-modern mechanisms and does not have its own policy," said Hassoun of warrantless Government tended to involve the private banking sector in government operations, but failed to do in the end, citing "chaotic scattering attitudes and conflicting wills within a single Ministry. Some private banks have the ability to open foreign credits, but the crisis of confidence prevent them ".
Not only controversy in the banking community to launch by banks vary eligibility information on article 28 of the law on banks (banking activity prohibited), stressing the "instructions for modifying the article got to all banks and provides enable private banks from investing in equities (property rights)", unlike the Hasson told the "second world" published Monday, stating that "the instructions did not reach banks so far because of legal proceedings and we await its arrival."
Mock article considered contentious legal for impeding the work of private banks and, in particular, they are classified as commercial banks, called for the repeal of article 28 or the classification of banks to investment and development ", in order to activate the performance of banks.
Investment banks and development which establishes the usually large capital, investing and loans extended unlike restricted business loan short investment b 20 percent of its deposits.
Mock said that "the general budget 2006 allocated $ 500 million to create 3 development banks in the North and the South and Centre, but did not see the light in 2007 did not arise until the moment".
Commenting on the proposal of the Association of private banks, private banks Central Bank grants "capital support for years limited then retrieve soft assigned", said the Deputy Governor of the Central Bank "best bank in lean Government ... This sloth and claim free money ", mock revealed on" high liquidity of the private banks but want more money for the show needed, although it did not invest ".
Betting and banking circles close to the Central Bank on draft restructuring of Rafidain and Rasheed is a project underway in time under the auspices of the Bank.
Mock has revealed details of the project, "based upon recommendations of foreign advisers (plan) to the Commission on restructuring the Supreme supervisory represented by the Minister of finance and Central Bank Governor and President of the Office of financial supervision", predicting that "the Commission approves these recommendations in the next few days be trucked the process of implementing the plan within the programme not later than two years".
And goes on to mock in saying that the restructuring process does not mean the shape and the sites but "way of thinking and banking reform banking performance and event staff in banks," he said, adding that "there are receptive of middle and senior directorates of restructuring [You must be registered and logged in to see this link.]
