Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

A banking expert criticizes weak government support to the banking sector

Post new topic   Reply to topic

Go down

A banking expert criticizes weak government support to the banking sector

Post by RamblerNash on Thu Dec 13, 2018 9:51 am

A banking expert criticizes weak government support to the banking sector


Economy News Baghdad:

The banking and economic expert, Samir Nusairi, criticized the weakness of government support to the banking sector, which contributed to the delay in the growth of the banking sector.

"The suffering of the Iraqi banking sector, especially private banks in all areas of its banking activity, due to the weak government support provided to it, although it has already been That several decisions were issued by the Economic Affairs Committee of the Council of Ministers, stressing the obligation of the parties concerned to provide support to banks.

Al-Nusairi stressed that weak follow-up by those responsible for the implementation of government decisions such as the Ministry of Finance obligate all state departments to accept the ratified instruments issued by private banks and to confirm the activation of the role of the Financial Court as provided by the Banking Law and in accordance with the law of the Central Bank of Iraq, Other " .

He added that the shortcomings in the structure of bank financing in Iraq is the result of continued weak contribution of cash and credit granted to the gross domestic product to not exceed 16.8% while in the regional countries (Middle East and North Africa up to 55%).

He pointed out that the developments in the banking sector during the last four years are the commitment and work in accordance with the controls issued by the Central Bank of Iraq on combating money laundering and financing of terrorism derived from FATF recommendations and in light of the bases derived from the Iraqi Anti Money Laundering Law No. 39 For the year 2015 .

He continued to abide by the regulatory directives developed by the Central Bank in cooperation with the International Fund's Metac Center and to make them conform to international standards and the requirements of Basel III. And the transformation in the preparation of final and interim statements to international standards (IFRS), which ensures transparency of data and dealing with it by all parties responsible for financial reporting .


Posts : 14576
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top

Permissions in this forum:
You can reply to topics in this forum