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Keywords: Central introduces a strategy to keep the dollar
– March 8, 2015
Hafiz confirms restructuring State-owned banks in order to deal with the crisis
The progress of the development policies of the Institute discussed the current financial situation and the activities of civil and government banks and future missions, while stressing the central bank governor on the Keywords introduced a new strategy to sell the currency, noting that due to the high use of the new system to the sales process.
Keywords and said (time) on the sidelines of a seminar hosted by the Institute Saturday (Bank has introduced a new strategy to sell the currency, which will maintain Alajnah currency prudently and without drain and stop leaking money and escape to the outside, and reason for the high dollar rates because the bank began to work with this system for the process of selling the currency and quantitation in the state budget sparked some concerns but the fact that this is normal to be at certain times and not be in a permanent).
He added that the (banking sector in Iraq has all the ingredients and broad financial market, but the sector needs more government support and action for the advancement of the fact).
He Keywords that (the bank began applying new mechanisms and it will bring great transparency and facilitate and simplify the conversion measures also contribute to the failure of a bank in the introduction of the goods and the customs tariff problems and that this mechanism will uncertain and large in the state treasury resources by paying a fee). He said (the process of deletion of zeros from the local currency will not affect the inflation and exchange rate but are procedural regulatory process and that the project will take two years and will be going).
He stressed that the (Reserve Bank at the level of global rates and assets equivalent to one and a half in the Iraqi market, which is also gold). For his part, President of the Institute Mehdi al-Hafez said during the conference, which was attended by the (time) yesterday that (Keywords person defects last period of the Bank's work and disconnections between him and economic events and that the bank represented in the next stage, heading towards development and the elimination of unemployment and development of infrastructure and includes the lives of citizens, particularly the future Economic).
He added that the (private banks now has a private affair and she can play a big role in the future and will be supportive of the national economy leading).
He pointed out that he (has to be restructured government banks because they deferred the issue since the duration of time that it can not continue like this for longer than they are).
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– March 8, 2015
Hafiz confirms restructuring State-owned banks in order to deal with the crisis
The progress of the development policies of the Institute discussed the current financial situation and the activities of civil and government banks and future missions, while stressing the central bank governor on the Keywords introduced a new strategy to sell the currency, noting that due to the high use of the new system to the sales process.
Keywords and said (time) on the sidelines of a seminar hosted by the Institute Saturday (Bank has introduced a new strategy to sell the currency, which will maintain Alajnah currency prudently and without drain and stop leaking money and escape to the outside, and reason for the high dollar rates because the bank began to work with this system for the process of selling the currency and quantitation in the state budget sparked some concerns but the fact that this is normal to be at certain times and not be in a permanent).
He added that the (banking sector in Iraq has all the ingredients and broad financial market, but the sector needs more government support and action for the advancement of the fact).
He Keywords that (the bank began applying new mechanisms and it will bring great transparency and facilitate and simplify the conversion measures also contribute to the failure of a bank in the introduction of the goods and the customs tariff problems and that this mechanism will uncertain and large in the state treasury resources by paying a fee). He said (the process of deletion of zeros from the local currency will not affect the inflation and exchange rate but are procedural regulatory process and that the project will take two years and will be going).
He stressed that the (Reserve Bank at the level of global rates and assets equivalent to one and a half in the Iraqi market, which is also gold). For his part, President of the Institute Mehdi al-Hafez said during the conference, which was attended by the (time) yesterday that (Keywords person defects last period of the Bank's work and disconnections between him and economic events and that the bank represented in the next stage, heading towards development and the elimination of unemployment and development of infrastructure and includes the lives of citizens, particularly the future Economic).
He added that the (private banks now has a private affair and she can play a big role in the future and will be supportive of the national economy leading).
He pointed out that he (has to be restructured government banks because they deferred the issue since the duration of time that it can not continue like this for longer than they are).
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