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State-owned banks began "the largest lending operation" Is recovering economic sectors?

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tlm724

tlm724
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[tlm724] State-owned banks began "the largest lending operation"

[tlm724] Iraqi state-owned banks, under the guidance of the government began implementing the largest lending operation for the benefit of the private sector,

[tlm724] announced the launch of loans worth $ 10 million for artisans in all provinces

[tlm724] at 25% unemployment this will help !develop local industry, also drives the economy and the market

[tlm724] Rafidain Bank» proceeded in granting loans to citizens to buy cars, and said the media office of the bank in a statement, b «continue granting loans to citizens to buy a car in installments in the number of its branches», referring to «a select number of companies to exercise this activity».

[tlm724] the Iraqi Banking Association meek ​​Handal, that «indicators in the banking sector appear acquisition of three government banks at about $ 30 billion, or 80 percent of the money in the country, and the rest is distributed among private banks and citizens, and faced with the need to exploit this currency bloc optimally »

[tlm724] the Iraqi Banking Association meek ​​Handal, that «indicators in the banking sector appear acquisition of three government banks at about $ 30 billion, or 80 percent of the money in the country, and the rest is distributed among private banks and citizens, and faced with the need to exploit this currency bloc optimally »

[tlm724] He pointed out that «the currency bloc Dinars up to 37 trillion
         
[tlm724] that does not mean 37 trillion NOTES it means 37 trillion value

[tlm724] and whether they belong to the government or citizens, mostly deposited in state banks because of previous instructions that prevented ministries deal with private banks»

[tlm724] According to a source familiar with the central bank, that «Iraqi currency project replace and delete three zeros of them, warmed to him since

[tlm724] 2011, and completed its details with the exception of the government and parliament approval»

[tlm724] completed its details = LD's and electronic preparation , they are ready   

[tlm724] Not overlooked «some government agencies refused to start a replacement for fear of breaches, as happened in 2004, despite the fact that the situation is more disciplined

[tlm724] no more fear !

[tlm724] The source explained that the process will be implemented in phases in the case came substitution approval, which lasts two years and will not feel out of the citizen. »


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Shredd

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Another outstanding article. Don't miss this....this is how"investment into iraq" happens. The private sector borrows money, investors lend wirh expectation of interest return. The borrower uses the money to start or expand business, which benefits the builders, suppliers and manufactures which means jobs on all levels. This is rapid economic growth and it all starts with lending to the private sector. It's so good to see this continued news in this regard!


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