World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar

World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar



24/3/2013

BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."
Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "
He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "
He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."
Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year



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Great article. Here we see the priority of "political stability in the country before everything". This continues to be reiterated so, as difficult it may be to define, political stability will be needed before the dinar is revalued.

The bigger news here is the World Bank saying they were waiting for Iraq to raise the value of the dinar before they were going to restructure the two government banks......which they are announcing now!

...announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."

So, from the direction of the World Bank, this plan is moving forward because they no longer have to wait for Ira to raise the value of the dinar. This tells me that when this project is complete, the value of the dinar will be raised.

great news --- shredd, how long do you think it might take to get these to banks to be in line to what world bank needs them to be -- transparent, and balanced in the books so-to speak , we have seen the post where the banks have already gone through a lot of re-modleing { for lack of another term } but they seem too be pretty close to up-to-par ? thanks bond lady gang

Hard to say jeepers but they are implementing the plan and not meeting to discuss so that is very good!!

I wonder if this incredible article is really a month old, or if this is a mis-printed date?

All the best everyone, bye the sea

Happy...Happy ...Happy
Great Article !

bump