I know it is off topic, please forgive me neno. I just have to know, how many posts do you have to have to not be a junior member?
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18-10-2006, 07:57 AM #14871
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18-10-2006, 07:58 AM #14872
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well I guess that answers my question. LOL
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18-10-2006, 07:58 AM #14873
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18-10-2006, 07:59 AM #14874
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18-10-2006, 08:00 AM #14875
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To activate its role in the processes of reconstruction and development
Economic expert disclosed that the banking system in Iraq is suffering from deficiencies in the performance of its core functions, stressing the need for restructuring government banks.
He said Dr Maged fictitious expert at the Central Bank of Iraq in an interview with the (morning)
.On the role of banks in the economic reform : the fundamental task of restructuring the banks are improving their performance in order to provide banking services to the government, institutions and individuals in accordance with the requirements of the development of the economy.
The picture also emphasized that the banking sector plays an important role in economic relations and international financial, it enjoys considerable international attention, He pointed out that the banking sector needing care and responsibility in the implementation of these transactions.
He said : Therefore, the main objective of the restructuring is to eliminate the problems of the banks to ensure the functioning of the domestic and international dealings.
The tasks of restructuring main factors first. .The existence of a genuine political will and clear and transparent for this process, There is a need for a restructuring process in a timely manner and the period of relative calm financial and banking activity.
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The second task in financial restructuring, which includes the commitment to the minimum capital for the banks. If the transition to broad international activity, it should increase the capital to contain higher levels of new capital as well as the revision in the credit portfolio and the improvement and development of management commitment and regulations, instructions and procedures.
Dr. Magid pointed to the need to ease the liabilities of banks and convert what could be converted into a capital increase, The restructuring of the requirements of the banking activity to reconsider the type of services provided and developed and implemented as soon as possible and strengthen internal controls and compliance monitoring and policy-making required in accordance with the Banking Act and the regulations of the Central Bank and the instruction of the Governing Council, as well as reducing operational costs and the use of modern means of providing banking services.
So counting nominal subject to review and specialized banks merged bank and one specializing in the development of industry and agriculture-related projects together.
One of the requirements for restructuring government banks.
He called for the capital increase until a half billion dollars in order to be able to deal with the new tasks of the current stage of economic development and the exploitation of part of the oil resources allocated to this development, in order to develop the industrial and agricultural activities in small and medium-sized enterprises and to be a center for attracting foreign investments in collaboration with the implementation of these projects, even big ones.
:He concluded by saying that the restructuring of banks requires action by a plan of action and thought seriously by all of them to these banks are in a state represented by the Ministry of Finance, as the sole owner of these banks and the Central Bank of Iraq as the supervisor of the banking activity and the more specialized in assessing these a activity and said :
Without a combination of these bodies and to support the government it is impossible to complete the task of restructuring government banks drastically. He pointed out that the restructuring will do the role of banks in the process of reconstruction and development._________________________________________
Nothing is impossible, the impossible only takes longer time!
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18-10-2006, 08:01 AM #14876
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Just go to Rates
Go big or go home.
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18-10-2006, 08:06 AM #14877
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false accusations. there was nothing in my post that was a bash at all. i came to the site tonite in a good mood and i started reading the posts from when i left off and was jokin around with more than that post if you noticed. i never claimed to know a damn thing but i remember shiite i read which is pretty remarkable considering ive had a severe head injury just a few years ago and was at glasgow coma scale 3.
geez, mellow out dude.JULY STILL AINT NO LIE!!!
franny, were almost there!!
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18-10-2006, 08:07 AM #14878
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18-10-2006, 08:08 AM #14879
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The time in Bagdad is.......
10.10 am. Bank SHOULD be open by now. We'll hear something soon, we will!!!
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18-10-2006, 08:08 AM #14880
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not coming up for me
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