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Trade Bank of Iraq denies again and there are no obstacles in the issuance of documentary credits
04/25/2012 8:10 Baghdad, "Iraq's Gate" economics editor
Stressed the Trade Bank of Iraq again that there are no obstacles in the completion of the transactions regarding the issuance of documentary credits.
And invited the Director-General Hamdiya Mahmoud dry "Anyone who is facing any obstacles in completing the issuance of credits or any other transaction of public or private review of the General Directorate of Bank bringing all proof of his claim in order for the bank to take necessary measures and simultaneously promised to answer all transparency on each case" .
The dry in a statement issued by the bank to restructure the bank and whose goal is the development and modernization has reached advanced stages, which reflected positively on the nature of the work and the results of the bank and that this progress within our bank denies claims by some of the staff of government departments, there are some obstacles in the completion of their transactions regarding the issuance documentary credits.
She said the activities of the bank formed for the first quarter of this year, a significant shift in the overall context of the work.
She explained that the bank issued during the first quarter of this year (333) adoption and Bokiem exceeded (3.5 billion) million dollars, with an increase of 8% of the first quarter of last year, where crossed Okiem credits issued by the bank since its inception in 2003 until now, the barrier 50 billion.
She emphasized that the issuance of such a level of appropriations for Akiem can not be achieved in the presence of constraints on the process of banking.
The "Gate of Iraq" was quoted in the ninth of February, the Office of Inspector General and the Ministry of Industry and Minerals in the presence of the complexities of banking procedures at the opening credits to the Trade Bank of Iraq.
It quoted the gate on the report of the Office of the Inspector General, "the presence of complications in banking procedures at the opening credits to the Trade Bank of Iraq, causing delays in the implementation of contracts and hence the cessation of rehabilitation and development sought by the ministry and companies are given priority for these contracts to projects that provide job opportunities for companies, the ministry and the private sector taking into account the competence and the exact same business. "
The report emphasized the need to facilitate the procedures for Contracts and the exclusion of the public companies of the Implementing Regulations of government contracts and to activate the performance of companies and development should be approved and funded by donors, in coordination with the purpose to draw up a plan to cover the amounts Moazath investment.
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04/25/2012 8:10 Baghdad, "Iraq's Gate" economics editor
Stressed the Trade Bank of Iraq again that there are no obstacles in the completion of the transactions regarding the issuance of documentary credits.
And invited the Director-General Hamdiya Mahmoud dry "Anyone who is facing any obstacles in completing the issuance of credits or any other transaction of public or private review of the General Directorate of Bank bringing all proof of his claim in order for the bank to take necessary measures and simultaneously promised to answer all transparency on each case" .
The dry in a statement issued by the bank to restructure the bank and whose goal is the development and modernization has reached advanced stages, which reflected positively on the nature of the work and the results of the bank and that this progress within our bank denies claims by some of the staff of government departments, there are some obstacles in the completion of their transactions regarding the issuance documentary credits.
She said the activities of the bank formed for the first quarter of this year, a significant shift in the overall context of the work.
She explained that the bank issued during the first quarter of this year (333) adoption and Bokiem exceeded (3.5 billion) million dollars, with an increase of 8% of the first quarter of last year, where crossed Okiem credits issued by the bank since its inception in 2003 until now, the barrier 50 billion.
She emphasized that the issuance of such a level of appropriations for Akiem can not be achieved in the presence of constraints on the process of banking.
The "Gate of Iraq" was quoted in the ninth of February, the Office of Inspector General and the Ministry of Industry and Minerals in the presence of the complexities of banking procedures at the opening credits to the Trade Bank of Iraq.
It quoted the gate on the report of the Office of the Inspector General, "the presence of complications in banking procedures at the opening credits to the Trade Bank of Iraq, causing delays in the implementation of contracts and hence the cessation of rehabilitation and development sought by the ministry and companies are given priority for these contracts to projects that provide job opportunities for companies, the ministry and the private sector taking into account the competence and the exact same business. "
The report emphasized the need to facilitate the procedures for Contracts and the exclusion of the public companies of the Implementing Regulations of government contracts and to activate the performance of companies and development should be approved and funded by donors, in coordination with the purpose to draw up a plan to cover the amounts Moazath investment.
[You must be registered and logged in to see this link.]
