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Thread: Central bank: we paid off 85% of the amount of depositors of Dar es Salaam

  1. #1
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    Central bank: we paid off 85% of the amount of depositors of Dar es Salaam

    Central bank: we paid off 85% of the amount of depositors of Dar es Salaam

     Baghdad / Muhannad Jawad

    Iraqi Central Bank announced repaid 85 percent of the funds of depositors in the"House of Peace" bank by editing the legal reserve, noting that it will be followed bysimilar steps with the two banks "stumbling" others, while the Association of Banks confirmed that the central bank 's actions reduced the number of banks 'non - performing' from eight to only three, it sanctioned those banks that haveaffected the reputation of the banking sector.
    The Director - General of the Central Bank, Ihsan Shomran, in an interview to the (long - Presse), " The bank was forced to edit part of your troubled banks reserved the legal reserve has to pay off depositors in money ," noting that the "step applied to Dar es Salaam Bank , which the largest defaulters, hoping applied to theNorth Bank of the third and the last. "

    He Shomran, that "special committees of the Central Bank is currently paying portions of amounts 85 percent of depositors in Dar es Salaam which is worth billions of dinars , " noting that " the bank reserves are not enough to pay all depositors ' funds."

    He explained that " the bank will pay the amounts of deposits that do not exceed three million dinars owners ," pointing out that "large deposit holders would receive proportions of them in the hope that improves thebank 's financial position to pay off the remaining ones."
    And on the demonstrations organized by the depositors troubled banks, in front of the central bank, said Shomran, that "depositors believe that the troubled banks , funds reserved for the central bank, and demanding payment of their deposits", ruling out the possibility that " the central bank depends justice distribution which gives parts of the amount of each applicant to include the distribution of all. "

    He stressed that " the central bank needs more time to repay the deposits are all deserving , " and added that " the face of the bank book to Dar es Salaam bank owners to know the procedures that will be followed to reimburse depositors have." In turn, the Executive Director of the Association of private banks, Tariq said, in an interview to the (long - Presse), said that "some banks eligibility has not adhered to hand over depositors ' money has," adding that " the number of troubled banks fell from eight to only three because theprocedures followed by the bank Central. "

    He explained Tariq, " The central bank is supervised by himself to solve the problem of the three troubled banks over the extradition of nationals money directly and proportions of certain According to available to those banks have reserves , " stressing that " the funds provided by the Central Bank of the assets of those banks that do not suffice depositors all in Ann One".

    He predicted that " the payment of depositors ' funds in banks and civil process take longer , although it affected the claimants of their rights , " adding that " the delay caused by the lack of financial liquidity for the three banks the impact on the reputation of the banking sector in general."
    He guessed Tariq, that " the central bank goes to sell part of its non - performing assets of banks to repay depositors ' money , " stressing the need to "reimburse depositors regardless of their size."

    Dozens of depositors in private banks, has been demonstrated, last Tuesday in front of the Central Bank Building, the center of Baghdad, to demand the fractured deposits troubled banks fund, to recover their money, while accusing the bank of "collusion" with her, they demanded three presidencies to intervene to address the cause. It is noteworthy that among the troubled banks, as well as Dar es Salaam, both the bank and the north of Warka.

    On the other hand, said a member of the Committee on the economy and investment representative, Burhan al - Mamouri, attended by "long - Presse", " The central bank has been unable to achieve the goals that created through which the auction of foreign currency, of providing liquidity to finance government expenditures in Iraqi dinars, despite the move 12 years on its development , "noting that" the auction sold since it opened nearly 312 billion dollars. "

    The member of the Committee, "available to the Commission figures show that eighty percent of foreign currency transferred to outside Iraq," he returned that " it means that the majority of shareholders , or as they call them Bzbain central bank of banks and companies are seeking hard currency at a price below the prevailing market and out of the country in exchange for commercial papers and documents , most of which are not true. "

    And saw Mamouri, that "monetary policy led by the central bank is solid and cause a big waste in hard currency entering the country for the sale of oil."

  2. #2
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    Apr 2008
    news from rabee website :

  3. #3
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    Feb 2010
    wasn't dar es salaam put in cbi custody after warka? Too bad no news still regarding warkas status

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