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Central Bank announces support liquidity banks to 5 trillion dinars
Tuesday 27 January 2015 | 13:31
Among the proposals finance the state budget with a loan of $ 6 trillion dinars run through 50 percent of commercial banks' reserves deposited with the Central Bank
Qurtas News / Baghdad
The Board of the Central Bank, on Tuesday, agreed to support the liquidity of specialized commercial banks amounting to 5 trillion dinars to enable them to provide loans to industrial and agricultural loans and housing and real estate to support economic activity and job creation.
The council said a statement received "Qurtas News," "The House of the central bank's board approved the inter proposals in line with the duties and responsibilities in supporting the development and stimulate the economy in light of the financial challenges faced by the country."
He added that "funding proposals from within the state budget with a loan of $ 6 trillion dinars run through 50 percent of commercial banks' reserves deposited with the central bank."
He continued that "the proposals included the repurchase of treasury bonds from the secondary market, where the bank will buy about 5 trillion dinars, the first stage of those bonds," noting that "the" actions that have been taken does not affect the Bank's Special Reserve. "
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Tuesday 27 January 2015 | 13:31
Among the proposals finance the state budget with a loan of $ 6 trillion dinars run through 50 percent of commercial banks' reserves deposited with the Central Bank
Qurtas News / Baghdad
The Board of the Central Bank, on Tuesday, agreed to support the liquidity of specialized commercial banks amounting to 5 trillion dinars to enable them to provide loans to industrial and agricultural loans and housing and real estate to support economic activity and job creation.
The council said a statement received "Qurtas News," "The House of the central bank's board approved the inter proposals in line with the duties and responsibilities in supporting the development and stimulate the economy in light of the financial challenges faced by the country."
He added that "funding proposals from within the state budget with a loan of $ 6 trillion dinars run through 50 percent of commercial banks' reserves deposited with the central bank."
He continued that "the proposals included the repurchase of treasury bonds from the secondary market, where the bank will buy about 5 trillion dinars, the first stage of those bonds," noting that "the" actions that have been taken does not affect the Bank's Special Reserve. "
[You must be registered and logged in to see this link.]
