Home
Industrial assembly central bank urges acceleration with the support of private banks to grant loans to citizens
Tuesday, 26 May 2015
BAGHDAD
Iraqi student industrial assembly, Tuesday, the central bank to speed up private banks in support of $ 17 trillion allocated to industrial, agricultural and real estate sectors for the granting of loans to citizens dinars.
Said head assembly Abdul Hassan Shammari for "Sky Press," that "the Iraqi industry is still deteriorating because there are no incentives for the Iraqi economy to support the industrial, agricultural and commercial sectors, in terms of the legislation of laws and their application."
"The federal budget for 2015 obliges the Central Bank with the support of private banks in the amount of 17 trillion dinars condition that those banks to grant soft loans to citizens in the implementation of industrial projects, agricultural and residential, but the central bank has not implemented so far", calling for "speed up the implementation of This paragraph in the budget to support the national economy and raising its standards. "
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 per barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austerity operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the salaries of cabinet 50%.
[You must be registered and logged in to see this link.]
--
Tuesday, 26 May 2015
BAGHDAD
Iraqi student industrial assembly, Tuesday, the central bank to speed up private banks in support of $ 17 trillion allocated to industrial, agricultural and real estate sectors for the granting of loans to citizens dinars.
Said head assembly Abdul Hassan Shammari for "Sky Press," that "the Iraqi industry is still deteriorating because there are no incentives for the Iraqi economy to support the industrial, agricultural and commercial sectors, in terms of the legislation of laws and their application."
"The federal budget for 2015 obliges the Central Bank with the support of private banks in the amount of 17 trillion dinars condition that those banks to grant soft loans to citizens in the implementation of industrial projects, agricultural and residential, but the central bank has not implemented so far", calling for "speed up the implementation of This paragraph in the budget to support the national economy and raising its standards. "
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 per barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austerity operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the salaries of cabinet 50%.
[You must be registered and logged in to see this link.]
--
