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Central Bank activates the banking sector
February 9, 2015
A statement by the Central Bank of Iraq, the agency of the beholder news received a copy of it, it is ", financing the state budget with a loan of 6 decided trillion dinars, through the operation of 50 per cent of deposits commercial banks' has reserves, and the repurchase of treasury bonds from the secondary market, it will buy about 5 trillion dinars, of which the first stage. These actions do not Affect your Bantrza reserves in excess of $ 70 Billion. "
The central bank also adopted resolutions include "approve the appointment of a representative of the private banks for the first time in the bank's board, with the approval of the coverage of bank accounts abroad in dollars, to secure finance the import of other targets operations, without the need to pass a window currency selling it.
The statement added: "The central bank will monitor these processes into a streamlined and transparent mechanism, with a plan to activate the documentary credits instead of the current method and coordination with the banks, with speed up the legislation guarantee bank deposits in the law, in addition to that, a recommendation the government to accept the state of the instruments institutions private banks, as well as the receipt of taxes and fees for their interest, as well as the formation of a committee to reconsider the benefits of restructuring so as to enhance the provision of credit and liquidity. "
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February 9, 2015
A statement by the Central Bank of Iraq, the agency of the beholder news received a copy of it, it is ", financing the state budget with a loan of 6 decided trillion dinars, through the operation of 50 per cent of deposits commercial banks' has reserves, and the repurchase of treasury bonds from the secondary market, it will buy about 5 trillion dinars, of which the first stage. These actions do not Affect your Bantrza reserves in excess of $ 70 Billion. "
The central bank also adopted resolutions include "approve the appointment of a representative of the private banks for the first time in the bank's board, with the approval of the coverage of bank accounts abroad in dollars, to secure finance the import of other targets operations, without the need to pass a window currency selling it.
The statement added: "The central bank will monitor these processes into a streamlined and transparent mechanism, with a plan to activate the documentary credits instead of the current method and coordination with the banks, with speed up the legislation guarantee bank deposits in the law, in addition to that, a recommendation the government to accept the state of the instruments institutions private banks, as well as the receipt of taxes and fees for their interest, as well as the formation of a committee to reconsider the benefits of restructuring so as to enhance the provision of credit and liquidity. "
[You must be registered and logged in to see this link.]
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