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Banks Kurdistan coffers empty
Sulaimaniya 02.01.2014
Access cash from the banks of the Kurdistan region and in the city of Sulaimaniya, in particular the problem of constantly repeated without the authorities to find a final solution, causing a decline in confidence in the banks and the people keep their money in their homes.
Nawzad capable citizen residing in the city of Sulaimaniya, was part of a long line gathered in front of a government-owned banks to withdraw a small portion of the amount deposited in the bank for his fill the needs and demands of the children on the occasion of the new year.
Nawzad deposited since the duration of the amount of 800 thousand dinars in a bank and when demanded by the bank told him that it is not cash and he must wait and say, "When we demand our money, do not allow us to take them and they want us to trust in banks."
Access cash from banks crisis renewed at the end of the fiscal year, or when the tension of the political situation, which is affecting the province of Sulaymaniyah banks more than others while sometimes appear in other cities in the region and lead to a halt and delayed salaries of government employees and citizens to freeze funds deposited by those banks.
This is because the deputy in the Parliament of Kurdistan on the mass of flesh in favor of the change on the reason behind the occurrence of this situation to the lack of liquidity and the budget deficit and says "I do not fill properly the existing deficit leads to lack of funds in the survival of banks Kurdistan permanently."
Saleh, who appeared as an economist and was a presenter economic programs in television before becoming a member of parliament, said the "discussion" The banking system in Kurdistan is not successful and that the bank is safe to save money only they do not operate like banks Modern this as well as the conversion of the ruling parties budget the salaries of its staff and its institutions to the general budget of the media turned to the weight of a large force and caused liquidity.
University professor Mohammed Raouf incredible that banks are free from the law of liquidity of the banking system and allow the central bank required percentage of funds banks must be contained on a permanent basis in accordance with the size of their capital to manage daily business and to respond to the demands of customers who have balances in banks.
He said Rauf's "Talk" on the issue "if things did not as such, these institutions are not considered banks and they must declare bankruptcy, but Magri in the region is fabricated because he wants some of the men in power control the money that Jmduha at the main source."
Second Conference on converting private companies to joint-stock companies, which was held in Sulaymaniyah mid-November (November) the past pointed to the problem of lack of confidence of citizens of Kurdish banks where said Abdullah Ahmed, chairman of the Board of Directors market Arbil Securities during the conference, "The launch of such companies leads to evolution and get more money for citizens and investors and businessmen in the province of Kurdistan. "
In the same context, said Yasin Rahim Vice Mdur Chamber of Commerce in Sulaymaniyah "The aim of the conference is to provide an explanation about how to take advantage of dormant funds for people in the business up and running, we want to move the banking life by those companies and convert them to contribute."
These attempts have not been able to dispel fears of the people who forced many of them to retain what they gather funds or they deal with in their homes.
Fattah al-Nuri, a resident of Sulaimaniyah sold before a period property on inherited from his family and kept its price at his home he was not prepared for deposit in the bank and say, "I intend to buy other property, but I am afraid there is no money in the bank when I find a property fit so I feel reassured by the presence of the money I have in the house .
Hawar Rauf Sheikh Mansour Al Ahli bank manager said the "discussion" The principal banks of the funds and the occurrence of financial crises and the simplicity of banking services is one of the most important reasons that lead to a decline in public confidence in banks.
And see if the government played a negative role in the past that created a part of that crisis has not in any attempt to develop banks and dispel fears about it.
It is believed the young bank manager that there are other problems plaguing banks is that there is no plan for the government and the authorities regarding the organization in accordance with the budget shortfall and the failure to take precautions and try to find solutions to what led to the problem recurs annually and harm people.
He added: "The solution is not difficult, but the authorities and government officials did not understand the magnitude of the problem until today and the suffering caused to the people."
Nbaraarat government on the issue about the lack of commitment Kanttaatmhol Banks Baghdad by sending money to banks in Kurdistan, what caused the delay in the salaries of government employees and not disbursed on time, and in spite of the Minister of Finance promised to solve the problem, but the results are still unclear.
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Sulaimaniya 02.01.2014
Access cash from the banks of the Kurdistan region and in the city of Sulaimaniya, in particular the problem of constantly repeated without the authorities to find a final solution, causing a decline in confidence in the banks and the people keep their money in their homes.
Nawzad capable citizen residing in the city of Sulaimaniya, was part of a long line gathered in front of a government-owned banks to withdraw a small portion of the amount deposited in the bank for his fill the needs and demands of the children on the occasion of the new year.
Nawzad deposited since the duration of the amount of 800 thousand dinars in a bank and when demanded by the bank told him that it is not cash and he must wait and say, "When we demand our money, do not allow us to take them and they want us to trust in banks."
Access cash from banks crisis renewed at the end of the fiscal year, or when the tension of the political situation, which is affecting the province of Sulaymaniyah banks more than others while sometimes appear in other cities in the region and lead to a halt and delayed salaries of government employees and citizens to freeze funds deposited by those banks.
This is because the deputy in the Parliament of Kurdistan on the mass of flesh in favor of the change on the reason behind the occurrence of this situation to the lack of liquidity and the budget deficit and says "I do not fill properly the existing deficit leads to lack of funds in the survival of banks Kurdistan permanently."
Saleh, who appeared as an economist and was a presenter economic programs in television before becoming a member of parliament, said the "discussion" The banking system in Kurdistan is not successful and that the bank is safe to save money only they do not operate like banks Modern this as well as the conversion of the ruling parties budget the salaries of its staff and its institutions to the general budget of the media turned to the weight of a large force and caused liquidity.
University professor Mohammed Raouf incredible that banks are free from the law of liquidity of the banking system and allow the central bank required percentage of funds banks must be contained on a permanent basis in accordance with the size of their capital to manage daily business and to respond to the demands of customers who have balances in banks.
He said Rauf's "Talk" on the issue "if things did not as such, these institutions are not considered banks and they must declare bankruptcy, but Magri in the region is fabricated because he wants some of the men in power control the money that Jmduha at the main source."
Second Conference on converting private companies to joint-stock companies, which was held in Sulaymaniyah mid-November (November) the past pointed to the problem of lack of confidence of citizens of Kurdish banks where said Abdullah Ahmed, chairman of the Board of Directors market Arbil Securities during the conference, "The launch of such companies leads to evolution and get more money for citizens and investors and businessmen in the province of Kurdistan. "
In the same context, said Yasin Rahim Vice Mdur Chamber of Commerce in Sulaymaniyah "The aim of the conference is to provide an explanation about how to take advantage of dormant funds for people in the business up and running, we want to move the banking life by those companies and convert them to contribute."
These attempts have not been able to dispel fears of the people who forced many of them to retain what they gather funds or they deal with in their homes.
Fattah al-Nuri, a resident of Sulaimaniyah sold before a period property on inherited from his family and kept its price at his home he was not prepared for deposit in the bank and say, "I intend to buy other property, but I am afraid there is no money in the bank when I find a property fit so I feel reassured by the presence of the money I have in the house .
Hawar Rauf Sheikh Mansour Al Ahli bank manager said the "discussion" The principal banks of the funds and the occurrence of financial crises and the simplicity of banking services is one of the most important reasons that lead to a decline in public confidence in banks.
And see if the government played a negative role in the past that created a part of that crisis has not in any attempt to develop banks and dispel fears about it.
It is believed the young bank manager that there are other problems plaguing banks is that there is no plan for the government and the authorities regarding the organization in accordance with the budget shortfall and the failure to take precautions and try to find solutions to what led to the problem recurs annually and harm people.
He added: "The solution is not difficult, but the authorities and government officials did not understand the magnitude of the problem until today and the suffering caused to the people."
Nbaraarat government on the issue about the lack of commitment Kanttaatmhol Banks Baghdad by sending money to banks in Kurdistan, what caused the delay in the salaries of government employees and not disbursed on time, and in spite of the Minister of Finance promised to solve the problem, but the results are still unclear.
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