North Bank: liquidity crisis “General” caused “Daash” and the budget
North Bank: liquidity crisis “General” caused “Daash” and the budget
22/03/2015 (00:01 pm)
BAGHDAD / long-Presse
North Bank management confirmed that the liquidity crunch general crisis in public banks do not belong to his bank alone, and as revealed it had debts of the Ministry of Education in the amount of 100 billion dinars not yet received, drew to find some contractors to pay what discharged from loans.
He said the north bank manager Munther student in an interview to the (long-Presse), that “the liquidity crisis experienced by the public banks do not belong to his bank alone.”
He demanded, that “his bank has a debt to the Ministry of Education in the amount of 100 billion dinars, has not yet been received by due to lack Adoption of the 2014 budget and not to the launch of the state of the allocations in the current budget for the ministries, “pointing to” find some contractors who received loans and facilities worth 433 billion dinars from last year to pay what discharged under the pretext of the existence of their money to the agents and dealers in the area fell to the organization Daash. ”
He demanded , that “there are two million displaced and displaced people in Iraq have deposits and savings accounts they retracted also because of the exceptional circumstances in which they went through, which contributed to the loss of liquidity,” stressing that “at his bank 85 billion dinars in the Kurdistan region is facing problems in recovered because of the well-known financial crisis and conflict with Baghdad about the budget. ”
In a related context, Rafidain Bank of Iraq, announced on Saturday, the agreement with Zain Telecom to launch SMS the service (SMS) to inform retirees date of their salaries, as he emphasized that the move was intended to “ease the burden” them.
The bank said in a statement received (range Press) copy of it, “the bank management and coordination with the global smart card agreed with Zain Telecom to follow a specific mechanism to inform retirees about the date of their salaries through short messages (SMS)”.
the bank said that “this step comes in the context of easing the burden on retirees.”
It is noteworthy that the smartcard system in Iraq began the end of 2008, to facilitate the payment of salaries and monthly deduction fits the card holder out of his salary so that he can save the rest in his account, and includes information integrated personal benefit from the elimination of fraud in receiving salaries, and adopted the card the past two years in the pensions of civilian and military distribution, and covered by social protection network.
The Central Bank of Iraq, revealed the existence of a number of private banks lagging in its work during the last term, The reason for the delay attributed to the non-payment of dues contractors and clients as a result of “lack of liquidity”, vowed to dealers lagging funds with private banks through “legal reserve”.
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