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Wednesday, November 30, 2011 09:28
Five private banks have not implemented the decision to lift the central capital
BAGHDAD / Baghdadiya News / President of the Association .. said private banks Abdulaziz Goldfinch that banks that have not completed their capital raised so far are the five private banks
.
The Goldfinch / Baghdadi told News / ": that the reason for the delay in the implementation of these banks the central bank's decision is the lack of ability to execute."
The Goldfinch, "Some private banks exceeded 100 billion dinars, while other banks exceeded the 250 billion dinars, including the banks have high capital since the beginning, he said.
The Central Bank of Iraq has decided to raise the capital of private banks to 250 billion dinars to be done according to the timeframe and in two phases.
The Deputy Governor of the Bank of the appearance of Dr. Mohammed Saleh in an earlier statement / agency Baghdadiya News /: that the banks raise their capital was in the context of the first phase of the project has raised capital of private banks to 250 billion dinars, which ended by last June and began the second phase which will end by June 2012.
Saleh pointed to the existence of new trends in the Central Bank to urge banks to develop credit to support the development process.
A source in the Iraqi Central Bank has denied reports by some sites Alketronah about the government's intention to issue a class of Iraqi currency (50) thousand dinars.
The source, who preferred anonymity in an interview earlier today / Baghdadi told the News / "The Iraqi currency is currently in the process of switching after lifting the three zeroes, and it is not possible to issue a new currency at the present time."
He added there was intent in the past to issue the currency of a large class to facilitate the deal, but the idea of lifting the zeros replaced this idea or intention of the Iraqi Central Bank to issue currency of a new category, "and explained that" the plans on the new version after the lifting of zeros take into account the issue of balance and the actual need of cash transactions (Cache), where there will be no less than 12 categories, including a number of mineral groups in addition to paper, and certainly the last category will contain a large currency to facilitate the transactions as is the case in all countries of the world. / Finished /
Wednesday, November 30, 2011 09:28
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Five private banks have not implemented the decision to lift the central capital
BAGHDAD / Baghdadiya News / President of the Association .. said private banks Abdulaziz Goldfinch that banks that have not completed their capital raised so far are the five private banks
.
The Goldfinch / Baghdadi told News / ": that the reason for the delay in the implementation of these banks the central bank's decision is the lack of ability to execute."
The Goldfinch, "Some private banks exceeded 100 billion dinars, while other banks exceeded the 250 billion dinars, including the banks have high capital since the beginning, he said.
The Central Bank of Iraq has decided to raise the capital of private banks to 250 billion dinars to be done according to the timeframe and in two phases.
The Deputy Governor of the Bank of the appearance of Dr. Mohammed Saleh in an earlier statement / agency Baghdadiya News /: that the banks raise their capital was in the context of the first phase of the project has raised capital of private banks to 250 billion dinars, which ended by last June and began the second phase which will end by June 2012.
Saleh pointed to the existence of new trends in the Central Bank to urge banks to develop credit to support the development process.
A source in the Iraqi Central Bank has denied reports by some sites Alketronah about the government's intention to issue a class of Iraqi currency (50) thousand dinars.
The source, who preferred anonymity in an interview earlier today / Baghdadi told the News / "The Iraqi currency is currently in the process of switching after lifting the three zeroes, and it is not possible to issue a new currency at the present time."
He added there was intent in the past to issue the currency of a large class to facilitate the deal, but the idea of lifting the zeros replaced this idea or intention of the Iraqi Central Bank to issue currency of a new category, "and explained that" the plans on the new version after the lifting of zeros take into account the issue of balance and the actual need of cash transactions (Cache), where there will be no less than 12 categories, including a number of mineral groups in addition to paper, and certainly the last category will contain a large currency to facilitate the transactions as is the case in all countries of the world. / Finished /
Wednesday, November 30, 2011 09:28
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