Lobster: Need an explanation for new found wealth of some citizens Mr. President? (wink)
Samson: Trump calls on the US Federal Reserve to inject cash to stimulate the economy
15th April, 2019
US President Donald Trump launched a renewed assault on the Federal Reserve, saying the bank’s policies had slowed economic growth and dampened gains in equity markets, perhaps 30 percent
Trump called on the bank to restore the quantitative easing cycle similar to what happened between 2007 and 2009 to lift the economy out of recession LINK
Samson: Saleh calls on the government of Muthanna to strive hard to attract investors and capital to maintain
14th April, 2019
The President of the Republic, Barham Salih, on Sunday called on the government of Muthanna to strive hard to attract investors and capital to the province
A presidential statement, received by “Economy News” a copy of it, “President Saleh met today, during his visit to Muthanna province, the President and members of the provincial council and the governor and the directors of the security and service departments
He called on the officials of the province to “exert utmost efforts to provide services to achieve stability and prosperity for the province and seek to attract investors and capital to stimulate agriculture, industry and other sectors in them, and the importance of giving tourism the attention required of the Muthanna sites of historical and archaeological and natural LINK
Samson: 76.89 trillion dinars value of deposits in commercial banks
15th April, 2019
The private director of the Association of Iraqi Private Banks, Ali Tariq, said the increase of government and private deposits in commercial banks operating inside Iraq to 76.89 trillion dinars during the year 2018
Tariq said, “Government and private deposits in commercial banks rose 9.84 trillion dinars in 2018 because of the bank’s procedures. The Iraqi Central Bank in support of the Iraqi banking sector, both government and private, in addition to Iraq rid of the financial crisis that hit in 2014 because of the fall in oil prices and security improvement after the elimination of the organization calling, “noting that” deposits in 2017 amounted to 67.05 trillion dinars What rose in 2018, to 76.89 trillion dinars
He added that “private sector deposits in commercial banks amounted to 27.36 trillion dinars, while government deposits amounted to 22.27 trillion dinars in addition to deposits of the public sector sector amounting to 27.26 trillion dinars
He stressed that “the relationship between the citizen and the banking sector is witnessing a significant improvement after the actions of the Central Bank of Iraq, such as the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others,” adding that “
Another factor is the integration of Iraq in the global economy, which depends mainly on transactions With the banking sector in addition to the increasing geographical spread of banks through the increase in the number of branches after the awareness programs, as well as increasing the proportion of financial coverage through the provision of electronic payment tools and their impact in attracting the mass of cash
He pointed out that “the coming years will witness an increase in deposits after the launch of deposit insurance company by the Central Bank of Iraq LINK
Sunkissed: WOW!!!!! THIS IS A VERY PREGNANT ARTICLE!!
HUGE HUGE statement: “…in addition to Iraq rid of the financial crisis that hit in 2014”
They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits — looks like the mattresses are getting leaner!!
And furthermore: “the relationship between the citizen and the banking sector is witnessing a significant improvement” The Iraqi’s are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts???? The CBI and Banks have accomplished GREAT strides for sure!!
This is a very BIG article when you break it down.
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE??
I love this article!!
Thank you Samson for such a great find!!!