Iraqi private banks are calling for «Central» to activate the monetary policy

 

United Bank for Investment Building (United Pennek.kom)

Version: Paper – International Wednesday, May 17 / May 2017 (01:00 – GMT)

Last Updated: Wednesday , , July / May 201 717 (1:00 – GMT)

BAGHDAD – Adel Mahdi
Called on the chancellor in the «Iraqi private banks association» Samir Nasiri, «the Central Bank of Iraq» to activate its monetary policy to support the private banking system, and re-examine the policies and lending departments of credit risk, with an emphasis on the lesson some observations in the strategic framework adopted in the coming years.
He said in an interview to «life», that the implementation of the Iraqi Central Bank’s strategy for the coming years, requires a lesson set of observations, including monitoring the implementation of future policies of cash until the year 2020 with the contribution of the banking sector in gross domestic product (GDP), as well as the search for new policies to achieve this goal and allow banks government and private participation in the growth and investment in accordance with the mechanisms and policies that are applicable, and without imposing strict policies and to give adequate elasticities. He added that it is necessary to seek to address the apparent gap between the fiscal policies of the state and monetary policies adopted by the Central Bank and the requirements of the anti-inflationary pressures, in addition to reducing current spending and coordination in the plans and programs that save the Iraqi economy from financial collapses.
He also pointed Alnasiri, to the importance of activating the monetary policy to support the private banking system, and the revision of policies and lending mechanisms of credit risk management in the granting of credit to small and medium loans, in addition to investment in production and investment sectors that achieve cash flow, and revive the economic cycle, which contributes to economic development and diversify the financial resources of the general budget.
In the context of the sale of the dollar process for which the «Central» organized, Alnasiri called for accurate follow-up instructions for a window of foreign currency issued this year, and the need to define the role of banks in the mediation between the customer and the «Central», in addition to determining the responsibility of the ministries of trade, finance and planning irregularities committed by some customers, and not only load responsibility for banks.
He stressed the importance of the adoption of boards of directors in the strategy of banks operational risks and implementation, and review debt doubtful according to the list of guidelines, re-elasticities and periods of time for additional banks to liquidate these debts accruing mostly to civilian migration from their provinces for security reasons beyond their control.
And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks.
He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices.
The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors.
He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it.
He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively.
He added that the relative stability of the rates of the exchange rate of tight monetary policy and the stability of the financial system, as well as reducing inflationary phenomenon and to control the levels of liquidity and management, and to encourage banks to move towards the market, of the most important tools that have been achieved in monetary policy from 2004 to 2006.

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Shed thousands of leaflets urged to stay away from Daesh Ayman Mosul centers

 

History of edits:: 2017/5/16 22:0022 times readable
{Baghdad: Euphrates News} Air Force planes dropped thousands of leaflets on the right coast of the city of Mosul.
A statement by the Ministry of Defense, the agency {Euphrates News}, a copy of it, that ” the aircraft received the Air Force, dropped on Monday night, thousands of leaflets over the remainder of the right coast of the city of Mosul neighborhoods.”
And it urged publications, according to the statement, the citizens’ commitment to the commandments and instructions for their safety and stay away from the Daesh command centers and barracks “.anthy

 http://alforatnews.com/modules/news/article.php?storyid=142777

 

Abadi: We are in the final stages to achieve victory over the preacher

 

Abadi: We are in the final stages to achieve victory over the preacher

Iraqi Prime Minister Haider al-Abadi said Tuesday that “Iraqi forces are advancing significantly in the hubs of fighting against Da’ash in Iraq.”

“There is a small area in Iraq that is getting smaller by the day and we are going through a quick and calculated plan to reduce casualties among the military and civilians,” he told reporters at the government headquarters.

“We do not have a strategy to negotiate with a preacher and they do not have to kill or surrender and we promise them fair trials by the Iraqi judiciary.”

“We are in the final stages of achieving victory over a supporter,” Abadi said.

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Abadi: There is a political kidnapping and operations of the crowd west of Nineveh to secure the border with Syria [expanded]

 

History of edits:: 2017/5/16 20:1810 times readable
[Oan- Baghdad]
revealed Prime Minister Haider al – Abadi, about the involvement of “political parties” kidnapping , “adding that” the popular crowd in the western province of Nineveh operations aimed at securing the border with Syria. “
Ebadi said in his weekly press conference on Tuesday that the “popular crowd for the Liberation of Kairouan operations and Ba’aj to secure Iraq ‘s borders with Syria, and we heard that Daesh took civilians as human shields to the west of Tal Afar.”
“We have heard concerns from the Kurdistan region two days before the operations of the popular crowd in western Nineveh , ” noting that ” the province did not know the process and sent a delegation to Kurdistan , the two sides agree on a common vision , ” stressing that ” the absence of any friction between the Peshmerga and popular crowd and the whole Iraqi forces , a common enemy” .
He “certainly there are those who live past and has national sensitivity and violations is almost negligible.”
Abadi added , “We have also started the process of securing the border with Jordan in western Anbar , the backing army aviation and cleared a lot of places and additives and seize shipments of weapons caches and enemy exploits the desert exposure to our forces.”
He explained , “There is significant progress in Mosul and Daesh collapse and become areas confined to the right side and not negotiate with the enemy in front of the killing or surrender and promise Aldoaash fair trial for them and tell the terrorists that they have no escape and they surrender to preserve the civilians and infrastructure , ” adding that “terrorists are still infiltrating from Syria to Iraq. ”
He noted the prime minister “for the Hawija [southwest of Kirkuk] we have a plan close to liberate it, ” noting that ” the liberation of Nineveh and urban areas based for the Liberation of Hawija , ” stressing that ” the intelligence effort evolved and became better and we have a lot of information about the terrorists and the enemy has almost become exposed and weakened Daesh maintenance of the land and recruit fighters “.
He stressed , “We are reducing the ability of Daesh operations, but unfortunately the political differences are exploited to carry out his crimes and some help him to raise confusion and some politicians on a voluntary basis and sometimes intentional publishes rumors of terrorism and strange some attribute liberation and victory for the Americans and they become a ride for terrorism , ” according to the recipe.
And kidnappings Abadi , said , “We identified a lot of kidnapping cells in Baghdad , some of them related to the factions armed and after detection is this faction or that Baltbro them , ” revealing that “some kidnappings linked to the police are helping the hijackers to carry out crimes and some of them do not publish flags to reveal the rest of the cell, but we have a follow – up to kidnappings and a large decrease. ”
“There is a political kidnapping and have established special cell to deal with this matter and will have results.”
The Prime Minister stressed the continuation of the government to fight corruption and this was reflected on the increase in revenue at border crossing points , “noting that ” Iraq ‘s expenses are still more revenue and fiscal deficits continuing budget but we are trying to achieve better financial management , and we have made progress to raise the financial credit rating of Iraq. ”
He noted that” some voices escalated after cutting corruption about them and the more oppression them these voices have risen but not Atninoa in this area. ”
declared Ebadi support for Iraq to extend the OPEC agreement to cut production in a reference to Saudi Arabia agreement and Russia yesterday to extend the OPEC output cut to March 2018
and that” the stability of prices recycl Is important to us and Iraq with OPEC output cut to raise prices and increase our resources, “he said . ” Iraq is committed to reducing its production 210 thousand barrels per day under OPEC ‘s agreement , “he said . ” This reduction does not serve Almenthh countries in OPEC, but even the rest of the economies of the world. ”
The new Prime Minister calling for the activation of community reconciliation.
“The displaced family or in the liberated areas , if one of its members in favor of belonging to Daesh Vsenallhm punishment but if disowned affects not only the penalty involved , and this file is very sensitive.”
When asked about Iraq ‘s debt Abadi announced the start of the government turns off part of it.
He explained that “Iraq ‘s most debt is internal and not external, and we have a fiscal deficit and reduced expenses , ” adding that ” the previous government by 30 trillion dinars local debts to banks and paid the salaries of companies self – financing non – productive, and was supposed are quenched these debts with the financial budget big but we have started to do so we turn off some of these debts and there improved financial management and turned the foreign debt to stimulate the economy and not for consumption. ”
“If the House of Representatives wants to reduce the fiscal deficit by reducing their salaries Filipdooa We are in the cabinet we have reduced our salaries,” warning of the “float of the Iraqi dinar as will fly enormous harm citizens have little value with the rise in commodity prices.”
And the efforts of politicians to hold foreign meetings on Iraq so strongly rejected Abadi , saying “conferences abroad is unjustified and afraid of the meeting in Baghdad Vliekd meeting in his area Kalanbar.”
He added , “As of the files in the judiciary They are few in number and they stand the political process , ” unlikely to “hold a second meeting is similar to the Conference Asentbol and Ahtjnna of these countries, we will not accept them in the future.”