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Central Bank reveals lagging banks names and attribute the reasons to "lack of liquidity"
March 19, 2015
BAGHDAD - ((eighth day))
CBI revealed Thursday, the presence of a number of private banks lagging in its work during the last term, and in attributing the cause of the delay to the non-payment of dues contractors and clients as a result of "lack of liquidity", vowed to dealers funds with lagging private banks through the "reserve legal. "
The director of the version and cabinets in the central bank Ihsan Yasiri "repeated complaint against some private banks lagging in their work, such as the economy actually the central bank under the tutelage, and Warka, which was lifted earlier custody but did not stand up by himself."
Yassiri added that "North Bank also faces a problem with a senior depositors, which was recently withdrawn from the bank account each," noting that "the amount that was withdrawn huge and management negotiate with the bank to resume trading again."
Issue Manager and cabinets in the central bank said that "the state institutions involved in the problem of liquidity, because they are not paid to contractors and dealers with their dues, and they have money in the bank, too," stressing that "the CBI sponsor return their money through legal reserve which each bank, which is to be launched in the real crisis and not because of the small numbers can be overcome. "
He revealed al for "a series of measures to prop up the state budget, which faces a shortfall of billions of dollars, through the rationalization of the indiscriminate importation, as well as the release of funds to the specialized banks such as industrial, agricultural, commercial and real estate, until the launch of advances and loans."
The Iraq Stock Exchange has confirmed that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of the citizens, and low cash liquidity and price traded. | ST |
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March 19, 2015
BAGHDAD - ((eighth day))
CBI revealed Thursday, the presence of a number of private banks lagging in its work during the last term, and in attributing the cause of the delay to the non-payment of dues contractors and clients as a result of "lack of liquidity", vowed to dealers funds with lagging private banks through the "reserve legal. "
The director of the version and cabinets in the central bank Ihsan Yasiri "repeated complaint against some private banks lagging in their work, such as the economy actually the central bank under the tutelage, and Warka, which was lifted earlier custody but did not stand up by himself."
Yassiri added that "North Bank also faces a problem with a senior depositors, which was recently withdrawn from the bank account each," noting that "the amount that was withdrawn huge and management negotiate with the bank to resume trading again."
Issue Manager and cabinets in the central bank said that "the state institutions involved in the problem of liquidity, because they are not paid to contractors and dealers with their dues, and they have money in the bank, too," stressing that "the CBI sponsor return their money through legal reserve which each bank, which is to be launched in the real crisis and not because of the small numbers can be overcome. "
He revealed al for "a series of measures to prop up the state budget, which faces a shortfall of billions of dollars, through the rationalization of the indiscriminate importation, as well as the release of funds to the specialized banks such as industrial, agricultural, commercial and real estate, until the launch of advances and loans."
The Iraq Stock Exchange has confirmed that the Iraqi Central Bank to impose their guardianship on some private banks, led to "shake the confidence" of the citizens, and low cash liquidity and price traded. | ST |
[You must be registered and logged in to see this link.]
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