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Iraq market for securities: Central Bank to restore confidence to banks and would not be affected by the retrenchment of Government
Range press/Baghdad
Counting the Iraq market for securities, on Wednesday, the Central Bank of Iraq to impose guardianship on some private banks, has led to "shake the confidence of its citizens, and the lower liquidity of cash and traded, while freshman to take swift action to stimulate and revive the national economy, the Government's" austerity "will not affect the stock market.
He said the Securities Commission, Abdul Razzaq Al-Saadi, told the (long press), that "recent actions by the imposition of the Central Bank, under his tutelage a number of private banks, there are problems, citizens ' trust that has jolted banks, resulted in the withdrawal of many of their deposits, and other volumes deal with it," Noting that it "caused a reduction of liquidity that banks and reduce the price traded on the stock market to a very large extent".
Al-Saadi said, "the Central Bank of Iraq when they stand on one of the private banks in the country, without which the depositors can withdraw their money because of a lack of liquidity, a strong motive coupled with loss of confidence in those banks," urging the Central Bank to "take swift action to stimulate and revive the national economy, and enable private banks from operating freely and restore the confidence of its citizens."
The Chairman of the Securities Commission, "the austerity measures introduced by the Iraqi Government toward economic and investment transactions, will not affect the work of the national stock exchange, the bloc to" the nature of which depends on the cash among the citizens, companies and factories operating ".
Al-Saadi said, that "austerity will be reflected on the stock market, either negatively or positively," adding "though the market is affected by the normal amount of liquidity to the citizens, because their absence will certainly lead to trading."
The Central Bank had put in (4 June 2014), economy Bank for investment, the trust, the Bloc's commitment to the advancement and protection of bank customers, while Bank officials said at the time, the World Bank watchdog financial inventory Bank and steps to advance or final payment of funds liquidated his customers.
Ditto for the CBI to develop Warka under his tutelage, 2012, to find work, before deciding to be lifted, (6th of February 2014), without the bank deposits of citizens so far.
He was Prime Minister, Haidar Al-Abadi, revealed earlier, during a press conference after talks with top Shiite religious authority, Ali al-Sistani, in Najaf and his presence (press term), to discuss the issue of the budget three times, and that the Council will prepare a budget which makes military spending as a matter of fact, the budget 2015, based on the current year's budget for 2014, because of the same problems, of Kirkuk crude, full stop, as well as lower world prices and expectations concerning falling over, so that the Cabinet decided to austerity.
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Range press/Baghdad
Counting the Iraq market for securities, on Wednesday, the Central Bank of Iraq to impose guardianship on some private banks, has led to "shake the confidence of its citizens, and the lower liquidity of cash and traded, while freshman to take swift action to stimulate and revive the national economy, the Government's" austerity "will not affect the stock market.
He said the Securities Commission, Abdul Razzaq Al-Saadi, told the (long press), that "recent actions by the imposition of the Central Bank, under his tutelage a number of private banks, there are problems, citizens ' trust that has jolted banks, resulted in the withdrawal of many of their deposits, and other volumes deal with it," Noting that it "caused a reduction of liquidity that banks and reduce the price traded on the stock market to a very large extent".
Al-Saadi said, "the Central Bank of Iraq when they stand on one of the private banks in the country, without which the depositors can withdraw their money because of a lack of liquidity, a strong motive coupled with loss of confidence in those banks," urging the Central Bank to "take swift action to stimulate and revive the national economy, and enable private banks from operating freely and restore the confidence of its citizens."
The Chairman of the Securities Commission, "the austerity measures introduced by the Iraqi Government toward economic and investment transactions, will not affect the work of the national stock exchange, the bloc to" the nature of which depends on the cash among the citizens, companies and factories operating ".
Al-Saadi said, that "austerity will be reflected on the stock market, either negatively or positively," adding "though the market is affected by the normal amount of liquidity to the citizens, because their absence will certainly lead to trading."
The Central Bank had put in (4 June 2014), economy Bank for investment, the trust, the Bloc's commitment to the advancement and protection of bank customers, while Bank officials said at the time, the World Bank watchdog financial inventory Bank and steps to advance or final payment of funds liquidated his customers.
Ditto for the CBI to develop Warka under his tutelage, 2012, to find work, before deciding to be lifted, (6th of February 2014), without the bank deposits of citizens so far.
He was Prime Minister, Haidar Al-Abadi, revealed earlier, during a press conference after talks with top Shiite religious authority, Ali al-Sistani, in Najaf and his presence (press term), to discuss the issue of the budget three times, and that the Council will prepare a budget which makes military spending as a matter of fact, the budget 2015, based on the current year's budget for 2014, because of the same problems, of Kirkuk crude, full stop, as well as lower world prices and expectations concerning falling over, so that the Cabinet decided to austerity.
[You must be registered and logged in to see this link.]
