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Recent Association of Banks: Central bank resolutions in support of the development process and stimulate the economy
03/02/2015 10:27
BAGHDAD / Source News / ..
President of Association of private banks in Iraq Munther
student caftans, on Tuesday, said that the decisions issued by the Central Bank of Iraq this week,
is in line with the ratification of the House of Representatives on the budget for 2015 and in line with the Central Bank of Iraq tasks and responsibility to support the development process and stimulate the Iraqi economy.
He praised caftans in a press statement I followed Agency / Source News /, "the decisions issued by the Central Bank of Iraq, which dealt address the financial challenges facing the country's economy first and foremost,
to support liquidity specialized banks of $ 5 trillion dinars to enable them to provide loans to industrial and agricultural, in addition to loans, housing and real estate, large and relevance of these loans for the revitalization of the productive sector and employment in the country.
And on for financing the state budget decisions with a loan of $ 6 trillion dinars run through 50 percent of the deposits of commercial banks reserves with the Central Bank of Iraq, as well as buy back treasury bonds from the secondary market by 5 trillion dinars in the first phase,
said Kaftan: "This decision will strengthen employment opportunities and the provision of financial solvency required to implement the relevant development projects note that these measures do not affect the Central Bank of Iraq's Special Reserve. "
He noted that "the central bank made a decision a spare included points and other important support private banks, including the appointment of a representative of the private in the Council of the Central Bank of banks
and approval of the Central Bank to cover the bank accounts abroad in foreign currency to cover imports of customers without the need to pass a window sale currency in the CBI. "
He caftans importance of legislation guarantee bank deposits law and recommend to the government to accept the state's institutions of instruments issued by private banks and receipt of taxes and fees in favor of the government and the formation of a committee to reconsider the structuring of benefits,
including expanding the provision of credit opportunities and liquidity, praising carefully "CBI" for its continuous support to the banking sector private and provide the best conditions for growth. "
He called on all Iraqi banks to realize the importance of their role in this difficult stage through which the economic and financial sector, and to mobilize their energies better for the face of the difficulties of the economic and financial sectors currently
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03/02/2015 10:27
BAGHDAD / Source News / ..
President of Association of private banks in Iraq Munther
student caftans, on Tuesday, said that the decisions issued by the Central Bank of Iraq this week,
is in line with the ratification of the House of Representatives on the budget for 2015 and in line with the Central Bank of Iraq tasks and responsibility to support the development process and stimulate the Iraqi economy.
He praised caftans in a press statement I followed Agency / Source News /, "the decisions issued by the Central Bank of Iraq, which dealt address the financial challenges facing the country's economy first and foremost,
to support liquidity specialized banks of $ 5 trillion dinars to enable them to provide loans to industrial and agricultural, in addition to loans, housing and real estate, large and relevance of these loans for the revitalization of the productive sector and employment in the country.
And on for financing the state budget decisions with a loan of $ 6 trillion dinars run through 50 percent of the deposits of commercial banks reserves with the Central Bank of Iraq, as well as buy back treasury bonds from the secondary market by 5 trillion dinars in the first phase,
said Kaftan: "This decision will strengthen employment opportunities and the provision of financial solvency required to implement the relevant development projects note that these measures do not affect the Central Bank of Iraq's Special Reserve. "
He noted that "the central bank made a decision a spare included points and other important support private banks, including the appointment of a representative of the private in the Council of the Central Bank of banks
and approval of the Central Bank to cover the bank accounts abroad in foreign currency to cover imports of customers without the need to pass a window sale currency in the CBI. "
He caftans importance of legislation guarantee bank deposits law and recommend to the government to accept the state's institutions of instruments issued by private banks and receipt of taxes and fees in favor of the government and the formation of a committee to reconsider the structuring of benefits,
including expanding the provision of credit opportunities and liquidity, praising carefully "CBI" for its continuous support to the banking sector private and provide the best conditions for growth. "
He called on all Iraqi banks to realize the importance of their role in this difficult stage through which the economic and financial sector, and to mobilize their energies better for the face of the difficulties of the economic and financial sectors currently
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