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CBI announces the issuance of remittances worth 5 trillion dinars
Tuesday January 13, 2015
In conjunction with the announcement of the Iraqi Central Bank plan to issue Hawwalath of the order of 91 days for this year worth more than 5 trillion dinars, bank adviser said that the sale of remittances represents one means of monetary policy taken by the bank to deal with the levels of liquidity on a temporary basis, as well as it represents free investment risk is making them play an active role in the secondary market.
According to economic expert Essam Mahouelle that the central bank is very keen on the implementation of monetary policy and investment tools to serve the Iraqi economy in general.
Mahouelle also added in a statement: "The sale transfers from the central monetary policy aimed at the cluster of cash outside the banking sector absorption, transformation and forwarded to the banking system tools for intervention credits granted by banks to serve the country's economy and contribute actively in the development process.
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Tuesday January 13, 2015
In conjunction with the announcement of the Iraqi Central Bank plan to issue Hawwalath of the order of 91 days for this year worth more than 5 trillion dinars, bank adviser said that the sale of remittances represents one means of monetary policy taken by the bank to deal with the levels of liquidity on a temporary basis, as well as it represents free investment risk is making them play an active role in the secondary market.
According to economic expert Essam Mahouelle that the central bank is very keen on the implementation of monetary policy and investment tools to serve the Iraqi economy in general.
Mahouelle also added in a statement: "The sale transfers from the central monetary policy aimed at the cluster of cash outside the banking sector absorption, transformation and forwarded to the banking system tools for intervention credits granted by banks to serve the country's economy and contribute actively in the development process.
[You must be registered and logged in to see this link.]
