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Banking Association calls for the central bank to support the liquidity of financially troubled banks

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tlm724

tlm724
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that many of the private banks, the situation calls for speedy implementation of the recommendation on taking advantage of the legal reserve for private banks to grant investment loans from the reserves of the Central under the supervision of Iraq, stressing that "the Iraqi Association of private banks will be eager to coordinate with the Iraqi Central with respect to the establishment of the Ministry of Finance to put clear controls on the rights of depositors to ensure the banks and hence the need to accelerate the establishment of a company to guarantee deposits in private banks and other credit guarantee and the establishment of a central fund to finance private banks charge to cover the financing of bitter melon ",

", stressing Handal" development projects possibility of the Rafidain and Rasheed deposit part of their money in private banks versus soft it benefits, a step in the right direction to support the private banks and the provision of liquidity and its contribution to development projects. "In The issue of the adoption of appropriate economic policies that will move the labor market and activate the activity of industry, agriculture and services sectors, he replied, saying that" Such steps also require activation work toward the formation of a supreme body responsible for reforming the banking sector restructuring and to reconsider laws that prevent the performance of private banks for their role in the practice of investment. "


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