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Najib: the launch of the Central Bank of the amount trillion dinars a positive step
May 23, 2015 11:41
News agency independent of the Iraqi / Baghdad ...
promised a member of the economic and investment commission parliamentary Najiba Najib, the decision of the Central Bank launched the amount trillion dinars for private banks and increase the share of dollar sales for banking companies is a positive step to reduce the volatility in the Iraqi currency exchange rates.
said Najib that "the central bank's decision the launch of the funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to support local production and enhance the dinar against the dollar. "
She continued, "This step movement in the Iraqi market is considered by loans given to small and medium enterprises in the country."
The central bank Iraq announced earlier, to take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency procedures to sustain the exchange rate.
The Central Bank, that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, returned as "best rates" in the countries of the world , as he emphasized that Iraqi financial institutions are not able to cover the fiscal deficit, stressing the need to re-examine the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.
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May 23, 2015 11:41
News agency independent of the Iraqi / Baghdad ...
promised a member of the economic and investment commission parliamentary Najiba Najib, the decision of the Central Bank launched the amount trillion dinars for private banks and increase the share of dollar sales for banking companies is a positive step to reduce the volatility in the Iraqi currency exchange rates.
said Najib that "the central bank's decision the launch of the funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to support local production and enhance the dinar against the dollar. "
She continued, "This step movement in the Iraqi market is considered by loans given to small and medium enterprises in the country."
The central bank Iraq announced earlier, to take the necessary measures to support liquidity in the banking system, and decided to facilitate the sale of foreign currency procedures to sustain the exchange rate.
The Central Bank, that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, returned as "best rates" in the countries of the world , as he emphasized that Iraqi financial institutions are not able to cover the fiscal deficit, stressing the need to re-examine the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.
[You must be registered and logged in to see this link.]
