Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

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

Enter your email address:

63 trillion dinars are "reassuring liquidity", half of which is in banks DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

63 trillion dinars are "reassuring liquidity", half of which is in banks

Go down

63 trillion dinars are "reassuring liquidity", half of which is in banks Empty 63 trillion dinars are "reassuring liquidity", half of which is in banks

Post by claud39 on Sun Nov 08, 2020 1:19 pm

[size=36][rtl]63 trillion dinars are "reassuring liquidity", half of which is in banks[/rtl][/size]


Sunday 08th November 2020





63 trillion dinars are "reassuring liquidity", half of which is in banks Alsabaah-53214








 Baghdad: Ahmed Abd Rabbo  
 

The director of the Rasheed Bank, Basem Abd Ali, confirmed the bank’s ability to meet all loan requests from local currency, especially employee advances.


He said in a statement to Al-Sabah: The bank’s branches are witnessing a great turnout for the purpose of credit. 



Commenting on the words of the director of the Rasheed Bank, Ahmed Hama, a member of the Finance Committee in the House of Representatives, said in a statement to Al-Sabah that small and medium-sized loans may move the markets "temporarily", meaning that they cannot be relied upon for long periods. 



Hama finds, "It is impossible to dispense with the cash liquidity released by the government in the form of salaries, grants and expenses that move and revive the local markets."



Within the context, the director of Al-Rafidain Bank, Hussein Ali, revealed that there is a tendency to support and finance "new and stalled" strategic projects.



He said, "Al-Rafidain decided to grant interest in advance to fixed deposits deposited by citizens for different periods of time," in addition to working to "reduce interest on all advances and loans granted to citizens and employees."


The banking expert, Abdul-Hussein Al-Mandhari, told Al-Sabah: “Any delay in launching these sums (salaries and monthly allowances) disrupts commercial and service interests, and causes stagnation and contraction in local markets,” he estimated at 8 trillion dinars per month.



He pointed out that "most of the employees resort in such circumstances to banks to obtain small and medium advances to meet their current expenses, such as rent and other pressing expenses."



The banking expert pointed out that «the volume of cash issued (printed) by the Central Bank is 63 trillion dinars», indicating that half of it is «chunky in homes», while «the other half in banks».









claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 16483
Join date : 2018-11-04

View user profile

Back to top Go down

63 trillion dinars are "reassuring liquidity", half of which is in banks Empty 63 trillion dinars of "reassuring cash" ... half of it is in homes

Post by claud39 on Sun Nov 08, 2020 1:22 pm

63 trillion dinars of "reassuring cash" ... half of it is in homes








  • 11/08/2020






63 trillion dinars are "reassuring liquidity", half of which is in banks Photo--3030





{Baghdad: Al Furat News} The director of the Rasheed Bank, Basem Abd Ali, confirmed the bank’s management’s ability to meet all loan requests from the local currency, especially employee advances.


Abd Ali said in a press statement, "The bank's branches are witnessing a great turnout for the purpose of credit. The bank’s liquidity and other banks are very reassuring and there is no reason for fear and panic over its retreat. In addition, we will launch a new loan initiative next year."
 
Commenting on the words of the director of the Rasheed Bank, a member of the Finance Committee in the House of Representatives, Ahmed Hama, said in a press statement that "small and medium loans may move the markets temporarily, meaning that they cannot be relied upon for long periods."


Hama finds, "The cash liquidity released by the government in the form of salaries, grants and expenses that moves and revitalizes local markets is indispensable."


Within the context, the director of Al-Rafidain Bank, Hussein Ali, revealed that there is a tendency to support and finance "new and stalled" strategic projects.


He said: Al-Rafidain decided to grant interest in advance to fixed deposits deposited by citizens for different periods of time, in addition to working to “reduce interest on all advances and loans granted to citizens and employees.”


Banking expert Abdul-Hussein Al-Mandhari said in a press statement, "Any delay in launching these sums (salaries and monthly allowances) disrupts commercial and service interests, and causes local markets to stagnate and shrink," and he estimates them at 8 trillion dinars per month.


He pointed out that "most of the employees resort in such circumstances to banks to obtain small and medium loans to meet their current expenses, such as rent and other pressing expenses."


The banking expert pointed out that "the volume of cash issued (printed) by the Central Bank is 63 trillion dinars," noting that half of it is "chunky in homes", while "the other half is in banks."





https://alforatnews.com/news/63-%D8%AA%D8%B1%D9%8A%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D9%85%D8%B7%D9%85%D8%A6%D9%86%D8%A9-%D9%86%D8%B5%D9%81%D9%87%D8%A7-%D9%81%D9%8A-%D8%A7%D9%84%D8%A8%D9%8A%D9%88%D8%AA
claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 16483
Join date : 2018-11-04

View user profile

GirlBye likes this post

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum