Central Bank calls for wide participation for the success of the donors' conference and prepared an opportunity for the country's stability

Author: AB, ASJ
Editor: AB

29.02.2016 11:53

Long-Presse / Baghdad
Called on the Governor of the Central Bank on the Keywords, on Monday, the banking sector on the broad participation in the donor conference scheduled mid-April to take place in Jordan, the conference promised an opportunity that would create a state stability needed by the country, and in attributing "smear campaign" against its banking sector to the "absence "banking culture, demanded Association of private banks the Central Bank more support.

Keywords and said in a statement received (range Press), a copy of which, on the sidelines of the meeting of the Central Bank of Iraq headquarters in Baghdad in the presence of Director General of the Directorate of Operations and the Department of Din Mahmoud Dagher and head of the Iraqi private banks association Wadih Handal and other senior officials in the Iraqi private banks, said that "from is hoped that there will be a wide participation of the banking sector in the donors' conference, to be an important point in his record holds all meanings benevolent. "

He Keywords that "the central bank expects the banking sector initiatives in this area," noting that "the central bank keep pace with the preparations for the conference, both at the local level through the costly task of the Committee, which is chaired by the President of the Reconstruction Fund Abdel Basset Turki, or through international organizations ".

Keywords promised, that "the conference is an opportunity that will contribute to creating the stability needed for the country at this particular juncture," expected to "be participating in the conference to be held in the Dead Sea area on the 16th and 17th of April and wide."

On the other hand between Keywords, that "the central bank's position is clear on the auction of the currency", stressing that it "conducted interviews with the Financial and Economic Committee in the House of Representatives and with other official bodies to clarify this issue."

He attributed the Keywords, "a campaign of defamation and accusations faced by the banking sector in general, and especially with regard to window sell the currency to the absence of public banking culture on the work of banks and the nature of central bank functions regarding the sale of the dollar in particular," calling on the media to "take a role in educating citizens tasks sector banking. "

He called Keywords, private banks "not to give the opportunity to attack them by closing loopholes and full compliance with the instructions of the Central Bank and to focus on dollar selling process not be a target for speculation," and urged private banks association "to put that issue at the forefront of their concerns in this particular circumstances."

For his part, head of the Iraqi private banks association Wadih Handal, according to the statement, said that "it is necessary to increase support for the central bank to the banking sector to be able to contribute to any national action," he said. "Support private banks to the efforts of the Central Bank in the framework of cooperation, enhance mutual trust between the two sides."

Handal added, that "there is an initiative of the Association of private banks, the establishment of a legal committee, to be the voice of the banks before the judicial authorities and the payment of the accusations directed to it by legal means," pointing to "the importance of the humanitarian role played by the private banks toward the displaced."

The promise of Head of Private Bankers Association, that "the liberation Salahuddin and Anbar of terrorism would contribute to reassure the capital, that our country is on the road to recovery, especially after the start of preparations for the Liberation of Nineveh province," calling on boards of banks and departments to "more effective in the area of ​​contributions humanitarian, and the assignment of the donors' conference to be held in Jordan mid-April next year. "

The Handal, the importance of "going success of the conference's efforts in two directions, first by encouraging the humanitarian side, and the second search States and international organizations to make what you can of support for Iraq for the reconstruction of cities ravaged by terrorism," noting that "the relationship between the central bank and the private banks which dominated by the language of trust and mutual understanding, the task in the face of challenges that include everyone. "

The reconstruction of areas affected by terrorism fund identified in (19 February 2016), next April, a date for the convening of the international conference for the reconstruction of liberated areas in Jordan, while calling the State Department to guide Iraq's ambassadors in coordination with the governments of the countries where they are urging them to attend the meeting.

The head of the reconstruction of areas affected by terrorism fund Abdul Basit Turki stressed, in (17 February 2016), the need to support the areas liberated from al (Daash), and while pointing to convene an international donors' conference for the reconstruction of these areas and reduce the financial burden on the Iraqi government , confirmed the start areas the provinces of Diyala, Salahuddin after the availability of the World Bank loan amounting to $ 350 million.

Iraq needs a lot of money for the reconstruction of regions that have been freed from the control of the organization (Daash), after these areas were damaged extensively, especially as it includes more than three provinces while still Mosul and other areas under the control of the organization, which requires the provision of more money in anticipation of the reconstruction of the areas that is released .