Central and financial allocations
30/5/2018 12:00 am
Finance is one of the most important elements of moving the wheel of markets in various economies of the world, where the movement of money to complete several economic operations resulting in a certain benefit in the product or service target whether the movement of money large or small.
It is no secret to one of the importance of funding in the maintenance of economic life,
where you find planning in all countries of the world is according to the coming of the financial revenues of the country, then go to the scheme to draw a road map of the total projects that must be implemented during the plan, which works on the annual or five, To ensure the implementation of the decree in the plan, which often takes into account the population growth of this country or that.
In Iraq, we found difficulty in financing to move the economic reality, came the Central Bank to allocate 5 billion dinars and then deterred by a billion dinars to activate small and medium enterprises through specialized banks and private banks,
but this allocation away from sight because of the complex lending mechanisms of those banks and fear of falling into the Not to pay, and here we can not give the responsibility to a party concerned, because the problem is determined by the weak guarantee of payment, within the specified period.
This amount contributes to all the money in moving the reality of the local market in all sectors, providing financing for small and medium enterprises have the possibility of supporting markets with the necessary products, especially in the industrial and agricultural sectors, and provides many jobs and creates jobs in sectors that will address a large proportion of The unemployment.
As we speak of collateral for these loans, we are reminded of the possibility of investing in the development of payments in the country.
There is no doubt that the development of payments began to be felt by the major international institutions specialized in financial affairs, which is positive for Iraq and its financial sector,
but we need to employ this development in the service of the economy and be a guarantor of lending operations projects,
After the development of appropriate mechanisms for this matter, so that the salaries of employees eligible for loans, and thus employ the allocations of the Central Bank to serve the local market and do the most important product and service.
We look forward to starting from the point where the world ended with the payment systems.
The establishment of the lending mechanism and guaranteeing the return of money is easy.
We look forward to the interest of all interested parties in this matter.