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Category banking
05/06/2012 0:00
Yasser incumbent
should be noted that private banks in Iraq as shops, banking is not only and it is characterized by Balaaúlah the sense of providing special services Bamalikin what kept them from achieving the goals set have and are among the conditions of vacation incorporation as The facts that a large number of them Kdgader this status when its implementation of measures the central bank to raise capital of private banks contributed to the increase the number of shareholders who became a voice in the decisions of the Board of Directors.
today and awaiting from private banks play a major role in the construction and development must have been these banks the level of this role through access banking services rise to the level requirements of the stage and noted that these banks are taking steps towards this goal Among these steps increase the capital and the use of modern technology in providing banking services and the contribution of some of these banks to ensure the financing of a number of strategic projects and investment, including the Rusafa water project global and project completion of the school's structures and struggling for technical reasons which started what he had achieved and far advanced and other projects.
But the biggest challenge facing these banks is the insistence of government departments not to deal with it and the reason you find a limited number of these banks in its commitment to these circuits prompted the Ministry of Finance to issue uncles not to deal with it.
In order to raise This Sbgh for private banks and so as not to burn the green at everything as the saying goes, to be the availability of your important mission evaluation of these banks and the adoption of this assessment by the ministries in dealing with these banks and this task is certainly the prerogative of the Iraqi Central Bank as the sector, which oversees the performance of these banks, but what happened to the calls for the activation of this committee?
has issued Central Bank recently a list of the classification of private banks, according to the activity but the evaluation was on other than what is expected by some banks that ranked far lower what prompted some of them and those who complain about the injustice to challenge the results in terms raised this issue in the General Assembly meeting of the North Bank and by the chairman of the board and the answers to some representatives of the Central Bank are not convincing for the reasons mentioned and promised high-level official had participated in the meeting as an observer studying the object and re-evaluation to raise the inequity that exists, but we see that the lesson is not re-evaluation, but the evaluation criteria that have to be the level of performance and reputation of the banks, thus giving the advantage of the banks are committed to those standards and to allow the ministries to deal with banks, sober and a certificate and a guarantee of the Central Bank and to achieve the conservation of public money, and I think that the administration of the Central Bank is keen to give a real evaluation of the banks according to each individual entitlement to eight by the responsibility for auditing the evaluation dispels doubts and achieve justice evaluation and this is really not far from the Department of the Central Bank which Asttaat achieve tangible results in the success story is familiar to the achievement of monetary stability and curbing inflation and maintaining the strength and value of the Iraqi dinar.
Here Tstoagafna another case very important concerning the coordination required between monetary and fiscal policy in addressing the challenges and mistakes that may occur with the intensity of work, activities and even when intersect goals The need requires coordination in order to achieve lower losses in any action or decision so as to ensure economic stability, which leads to the achievement of construction programs and speeds of achieve the desired development.
required from the Ministry of Finance launched to deal with private banks, according to data evaluation of the central and its security, that the central re-evaluation in the classification of banks according to data available on the ground and thus organized a good assessment, good performance and this did not come out of thin air but from the coordination of higher close Ministry of Finance and the Central Bank and we will watch and follow and we will see results soon, God willing.
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