Not to take advantage of financial liquidity misses an opportunity to prosper
Not to take advantage of financial liquidity misses an opportunity to prosper
3/3/2014 0:00
Baghdad – Mostafa Hashemi stressed academic Economist Dr. Essam Mahouelle that the presence of financial liquidity high banks without employing them in loans to citizens or for development projects has negative repercussions reflected on the economy as a whole as the inability to invest that money wasted on homeland chance of construction and prosperity. , liquidity, financial or movements Liquidity Cash flow term of microeconomics, which describes the amount of money available to the company (or bank) to do the business operations. The cash in the Iraqi market about 35 trillion dinars. Said in a statement to the (morning): The current stage requires the entry of private banks, they are from the private sector, to carry out the development process properly and that by finding the ground fit the conditions of those banks and to facilitate operations lending to citizens as well as ease the terms of a loan guarantee to be employed in productive projects medium or small, indicating that the guarantee bank loans by a competent would play a major role in the recruitment of that money and directed towards the establishment of development projects. pointed out that most of the money banks civil exist with the central bank or government banks and accounting for almost 85 percent of deposits untapped as signs of the existence of fiscal surpluses should be employed in the reconstruction of the country to set up projects, medium or large, indicating that it must be done by uniting the efforts of those banks, the establishment of the Bank of developmental adopts lending projects medium for the private sector at subsidized interest rates for loans granted by the bank. Analysts say that the culture of cash handling in Iraq withdrawals and deposit with banks or commercial transactions have a profound impact on the growth of liquidity in the banks to the great rates generates the risk of non-invested projects service check of interest to the community , also assert that Iraq lacks the (interbank market) which is intended to direct transactions between the banks of deposits and acts of clearing and lending and other banking business and in force in other countries. Thus, the high levels of liquidity is not a sign of risk aversion or incompetence, as the view of some economists, as it is in the case of the continued absence of the interbank market, the liquidity risk will be the biggest risk, which will have to confront the procedures is new legislation and implementation plans are After extensive specialist studies to verify the feasibility.
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