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CBI is funded by the state budget 6 trillion dinars
January 27, 2015 14:42
Cairo - direct: the Iraqi Central Bank agreed to finance the state budget by 6 trillion Iraqi dinars (equivalent to US $ 5.1 billion) through the operation of 50% of commercial banks' reserves deposited with the CBI has.
According to a statement directly obtained a copy of it, the central noted that the decision was in line with the bank's functions and responsibility in supporting the process of development and the memorization of the economy of Iraq, and in light of the financial challenges faced by Iraq.
It is noteworthy that the bank decided to take measures to boost liquidity crisis in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing job opportunities and achieve Alrkhaq. "
"The council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the perpetuation of the market and exchange rate stability."
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January 27, 2015 14:42
Cairo - direct: the Iraqi Central Bank agreed to finance the state budget by 6 trillion Iraqi dinars (equivalent to US $ 5.1 billion) through the operation of 50% of commercial banks' reserves deposited with the CBI has.
According to a statement directly obtained a copy of it, the central noted that the decision was in line with the bank's functions and responsibility in supporting the process of development and the memorization of the economy of Iraq, and in light of the financial challenges faced by Iraq.
It is noteworthy that the bank decided to take measures to boost liquidity crisis in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing job opportunities and achieve Alrkhaq. "
"The council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the perpetuation of the market and exchange rate stability."
[You must be registered and logged in to see this link.]
