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Call to activate the role of private banks to cope with the financial crisis
27/1/2015
~ Baghdad / my today
called on Chairman of the Economic Studies Board at the University of Kufa Raad Twigg, the central bank to activate the role of private banks and stimulate the private sector to address the financial crisis as a result of lower oil prices He explained Twigg in a press statement that "the circumstances of the Iraqi economy caused by low Oil prices had on the government to find alternatives to revive the economy, calling on the central bank to extend financial arms of private banks and the initiative will be to ask the modern banking services and earn more than the Iraqi banking public. "He added, that the confidence of the central bank to transfer private banks financing from commercial activities to the real activities of the Iraqi economy and this would make the tanker to the process of Iraq's economic transformation towards the economy in the context of the transition towards a free-market system ".wartf Brent crude price in the futures last Friday after the announcement of the death of the Saudi monarch, to $ 49.80 a barrel shortly after the start of trading before that trimming gains to $ 49.30 a barrel .obulg WTI US mediator in the futures of $ 47 a barrel after reaching US $ 47.76 earlier in the Alcilh.okan Central Bank of Iraq, decided to take the necessary measures to boost liquidity measures in the banking system and simplify procedures sale of foreign currency in order to facilitate the stability of the market and the exchange rate. The central bank said in a press statement that "the Board of the Central Bank of Iraq management, discussed the extraordinary Directors held today, the financial situation in Iraq and the wider deficit in the public budget," .oorteur Council, according to the statement "take the necessary measures to boost liquidity measures in the banking system so that it could regular performance of his duties, and at the same time, the acquisition of government debt instruments so as to enhance sustainable development and job creation and prosperity ". As also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the stability of the market and the exchange rate.
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27/1/2015
~ Baghdad / my today
called on Chairman of the Economic Studies Board at the University of Kufa Raad Twigg, the central bank to activate the role of private banks and stimulate the private sector to address the financial crisis as a result of lower oil prices He explained Twigg in a press statement that "the circumstances of the Iraqi economy caused by low Oil prices had on the government to find alternatives to revive the economy, calling on the central bank to extend financial arms of private banks and the initiative will be to ask the modern banking services and earn more than the Iraqi banking public. "He added, that the confidence of the central bank to transfer private banks financing from commercial activities to the real activities of the Iraqi economy and this would make the tanker to the process of Iraq's economic transformation towards the economy in the context of the transition towards a free-market system ".wartf Brent crude price in the futures last Friday after the announcement of the death of the Saudi monarch, to $ 49.80 a barrel shortly after the start of trading before that trimming gains to $ 49.30 a barrel .obulg WTI US mediator in the futures of $ 47 a barrel after reaching US $ 47.76 earlier in the Alcilh.okan Central Bank of Iraq, decided to take the necessary measures to boost liquidity measures in the banking system and simplify procedures sale of foreign currency in order to facilitate the stability of the market and the exchange rate. The central bank said in a press statement that "the Board of the Central Bank of Iraq management, discussed the extraordinary Directors held today, the financial situation in Iraq and the wider deficit in the public budget," .oorteur Council, according to the statement "take the necessary measures to boost liquidity measures in the banking system so that it could regular performance of his duties, and at the same time, the acquisition of government debt instruments so as to enhance sustainable development and job creation and prosperity ". As also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the stability of the market and the exchange rate.
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