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.

Disclamer:

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."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Banks in the government curriculum DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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

Banks in the government curriculum

Post new topic   Reply to topic

Go down

Banks in the government curriculum Empty Banks in the government curriculum

Post by claud39 on Mon May 20, 2019 11:49 am

Banks in the government curriculum




20/05/2019





Banks in the government curriculum 15259







Samir Nusairi



In the fourth axis of the government curriculum (strengthening the economy), the government's time program for the government and private banking sector was set and the policy was formulated to implement the following objectives: 

1- Developing the Iraqi banking system and enhancing citizens' confidence in it. 
2. Turning banks into their primary function of lending for development. 
3 - Banks that do not provide loans and banking facilities help in development lose their meaning as banks, which requires a specific position towards them from the Central Bank. 
4 - Banks leveraging development and the importance of the Ministry of Finance and the Central Bank to support banks and develop their functions and not rely on their presence on the currency window. 
5 - the pursuit of the transition from the paper currency economy to the economy of electronic currency and electronic withdrawal of funds outside the banking cycle and the introduction to the banking system.

All the above objectives, although the period specified for implementation according to the government timetable is 
between (1-4 years). However, the Central Bank's strategy for the years (2016-2020) has achieved the objectives of many of the objectives of the government curriculum above and set the policies and standards necessary to achieve the objectives in stages Led to the assessment and classification of banks based on the achievement of the objectives planned, there are banks are moving towards the required development and banks still need an additional period of time to achieve the objectives and there are banks are now struggling extraordinary efforts of the Central Bank and the administrations of these banks for rehabilitation. 

What matters to us here is the real role of banks in providing loans and banking facilities and moving from the role of banking to the developmental role. There are two important observations that must be taken into consideration regarding the subject of 
providing loans and banking facilities to stimulate the economy:

First: The nature of the activities of banks depends on the nature of the activities of the economic sectors, and as long as the economic activity is concentrated in the trade (imports), the activity of the banks remains focused on the external transfer and the related. So unless the other sectors (industry, agriculture, tourism, etc.) The banker. 

Without the control of imports, these sectors will not rise, which explains the lack of progress on serious loans through the initiative of the Central Bank.

Second, the legal environment should be provided and the rule of law should be extended to eliminate the phenomenon of default in the repayment of loans and hence the reluctance of banks to provide loans and facilities. 

The other important thing is to draw up policies to restore public confidence in banks and to take quick and programmed steps according to the objectives of the Central Bank strategy In the Iraqi banking sector to a solid and developed economic sector and complying with the international regulations, rules and standards for compliance and combating money laundering, financial reporting and risk management and thus be a catalyst for development. 

And to contribute to the revitalization of the economic cycle by activating and supporting the financing of small and medium-sized enterprises and large development projects through which the building of a strong national economy and sustainable development will ultimately serve the Iraqi people and their aspirations for a better life. 
 
 This means that each government or private bank has a specific plan for the four years specified in the government curriculum and under the supervision and follow-up of the central bank in the fields of development of payment systems and modern banking techniques, moving from dealing with cash to dealing with modern electronic payment methods in accordance with international standards and introducing new banking products to stimulate inclusiveness Building capacity, training and rehabilitating human resources, achieving the goal of investing in human capital, and developing the banking sector's infrastructure.

 As well as the banks to pay attention to the application of financial stability criteria, financial safety indicators such as capital adequacy ratio, liquidity ratio and profitability ratio as the ratio of profit and net profit to capital and rate of return on assets and rate of return on equity and the proportion of the cost of activity and financial leverage and the rate of recruitment of funds to the adoption of indicators to measure the efficiency the performance .





claud39
claud39
VIP Member
VIP Member

Posts : 8620
Join date : 2018-11-04

View user profile

Back to top Go down

Banks in the government curriculum Empty Banks in the government curriculum

Post by claud39 on Mon May 20, 2019 11:55 am

[size=36][rtl]Banks in the government curriculum[/rtl][/size]


Sunday 19 May 2019





Banks in the government curriculum 980-Alsabbaq










Samir Nusairi
 
 

In the fourth axis of the government curriculum (strengthening the economy), the Government's time program for the government and private banking sector was set and the policy was formulated to implement the following objectives:



1- Developing the Iraqi banking system and enhancing citizens' confidence in it.
2. Turning banks into their core function of lending for development.
3 - Banks that do not provide loans and banking facilities help in development lose its meaning as banks, which requires a specific position towards them from the Central Bank.
4 - Banks development burden and the importance of the Ministry of Finance and the Central Bank to support banks and develop their functions and not rely on their presence on the window of the process.
5 - Seeking to move from the paper currency economy to the symbolic and electronic currency economy and to withdraw funds outside the banking cycle and introduce them to the banking system.



However, the Central Bank's strategy for the years (2016-2020) has achieved several objectives of the above governmental curriculum and has set the policies and standards necessary to achieve the objectives in stages, Which led to the assessment and classification of banks based on the achievement of the objectives planned, there are banks going to the required development and banks still need an additional period of time to achieve the objectives, as well as troubled banks are now extraordinary efforts of the Central Bank and the administrations of these banks for rehabilitation.



What matters to us here is the real role of banks in providing loans and banking facilities and moving from the role of banking to the developmental role. There are two important observations that must be taken into consideration regarding the subject of providing loans and banking facilities to stimulate the economy:



First: The nature of the activities of banks depends on the nature of the activities of the economic sectors. As long as the economic activity is concentrated in trade (imports), the activity of the banks remains concentrated on the external transfer and the related ones, so unless the other sectors (industry, agriculture, tourism, etc.) Banking activity.



Importantly, without control of imports, these sectors will not rise, which is why there is no progress on serious loans through the CBE initiative.



Second: The legal environment must be provided and the rule of law should be extended in order to eliminate the phenomenon of default in the repayment of loans and thus the reluctance of banks to provide loans and facilities.



The other important thing is to formulate policies to restore public confidence in banks, as well as to take quick and programmed steps in accordance with the objectives of the strategy of the Central Bank is the transition of the Iraqi banking sector to a solid and developed economic sector and complying with international rules and standards for compliance and combating money laundering, financial reporting and risk management and thus be a catalyst for development .



The importance of contributing to the revitalization of the economic cycle by activating and supporting the financing of small and medium-sized enterprises and large development projects, through which the building of a strong national economy and sustainable development serve the Iraqi people and their aspirations for a better life, is also important.



This means that each government or private bank has a specific plan for the four years specified in the government curriculum and under the supervision and follow-up of the central bank in the fields of development of payment systems and modern banking techniques, the transition from dealing with cash to dealing with advanced electronic payment methods in accordance with international standards, To promote financial inclusion, to build capacity, train and rehabilitate human resources, to achieve the objective of investing in human capital and to develop the structure of the banking sector.



The banks also pay attention to the implementation of the financial stability criteria. These are financial safety indicators such as capital adequacy ratio, liquidity ratio, profitability ratio, profit rate, net profit to capital ratio, return on assets ratio, return on equity, cost of activity and leverage, Funds, in addition to the adoption of indicators of measuring the efficiency of performance.






http://alsabaah.iq/8969/%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%86%D9%87%D8%A7%D8%AC-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A
claud39
claud39
VIP Member
VIP Member

Posts : 8620
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


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