CBI adopts new monetary policy

[pokerfool]

http://www.ninanews.com/ninaII/indexeng.php

03 Mar 2007 11:50:00
Monetary policy
CBI adopts new monetary policy
Baghdad (NINA)- The Central Bank of Iraq CBI will adopt a new monetary policy regarding banks’ management for the short-term credits. A CBI statement said Saturday that the new policy would be directed according to a variety of intermediary variables, including the ratio of growth in the...

See what you guys can find out about this.

[cowpoke]

"Oil Law- contradicted visions
Amara, Basra (NINA)- The Oil and Gas Law, recently approved by the Iraqi cabinet has stirred different reactions by Iraq oil and economy experts. Abdul- Jabar al-Helfi, PhD, said, “As academicians and economists, we have our reservations, as the law includes many economic flaws"
:mad:

[JPmonopoly]

http://www.ninanews.com/ninaII/indexeng.php

03 Mar 2007 11:50:00
Monetary policy
CBI adopts new monetary policy
Baghdad (NINA)- The Central Bank of Iraq CBI will adopt a new monetary policy regarding banks’ management for the short-term credits. A CBI statement said Saturday that the new policy would be directed according to a variety of intermediary variables, including the ratio of growth in the...

See what you guys can find out about this.

well, Here it is!




The Central Bank Monetary Policy new contribute to the strengthening of the capacity of banks



نBaghdad-Citizen
The Central Bank of Iraq that the new wording of the instruments of monetary policy will contribute to strengthening the ability of banks to manage liquidity in bankrolling short-term.



A statement by the bank Saturday : "Those of monetary policy by the Bank would be directed in accordance with the intermediate variety of variables, including the amount of growth in the presentation of cash and the ability to manage liquidity and monetary policy instruments Abide by him. " He added : "The new policy includes working with the currency markets and securities to create an effective payment system gives banks the confidence to meet commitments payment has Pklv and reasonable. " The statement said : "The more expensive in the provision of liquidity is the use of additional reserves such as money in the coffers and balances in excess of the required reserve requirements legal. "

He continued : "The margins of the difference between interest rates on deposits and loans can be reduced by allowing the banks to reduce revenues resulting from the acquisition Additional reserves to bear interest. "The statement pointed out : "The ability of banks depends on the reduction of excess reserves have a reliable media in the management of liquidity



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Im all confused!!!:confused:

[buck74]

They need to work to build people's confidence in banks, when the government starts to hand out money for programs I am wondering how this will be done. We have heard recently about a 10k dinar handout, and a 1M dinar handout. What about sharing the oil wealth in the oil law, how will this be done? Does the government issue checks? If so people will need bank accounts to cash them. Seems it would be even smarter to start to work out a system for diect deposit into bank accounts. This would require Iraqis to open up bank accounts, and use the banks to access these funds.

Things are happening that are going to require a process for people to get their money, and hopefully save it. At some point I would hope people are going to see the benefits of banks as opposed to stuffing their money in a mattress. The higher interest rates on accounts that was announced last year is an example of this as well. I know it was intended to reduce inflation, but perhaps it will also draw in many Iraqi investors for the rate of return.

[MEALTICKET]

I bet there all types of new rules. It would be very important to get our hand on these papers. There where all kinds of Loop holes in the CBI first Monetary Policy.

[Crow]

They need to work to build people's confidence in banks, when the government starts to hand out money for programs I am wondering how this will be done. We have heard recently about a 10k dinar handout, and a 1M dinar handout. What about sharing the oil wealth in the oil law, how will this be done? Does the government issue checks? If so people will need bank accounts to cash them. Seems it would be even smarter to start to work out a system for diect deposit into bank accounts. This would require Iraqis to open up bank accounts, and use the banks to access these funds.

Things are happening that are going to require a process for people to get their money, and hopefully save it. At some point I would hope people are going to see the benefits of banks as opposed to stuffing their money in a mattress. The higher interest rates on accounts that was announced last year is an example of this as well. I know it was intended to reduce inflation, but perhaps it will also draw in my Iraqi investors for the rate of return.

Just another reason to invest in Iraqi banks.:wave: