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Iraq pumped 5 trillion dinars to contain the economic crisis
Monday 07-09-2015
Twilight News/Central Bank of Iraq, launched on Monday, the biggest financial lending $ 5 trillion dinars (4.2 billion dollars) to support the industrial and agricultural sectors in an effort to contain a deepening economic crisis due to low oil prices in the world market.
Iraq's revenues dropped to their lowest levels after a decline in oil prices to around $ 40 a barrel was accompanied by an increase in military expenditures in support of the war in the North and West of the country against "daash".
The Central Bank said in a statement obtained by twilight news that he started launching the largest financing of loan programmes in Iraq belong to the first funding of industrial and agricultural sectors, housing five trillion Iraqi dinar lending by banks of agricultural specialty, industrial, real estate and Housing Fund.
The Bank added that "the process of borrowing the second belonged to private banks of $ 1 trillion Iraqi dinars (about 850 million dollars) to support small and medium-sized enterprises, with a view to revitalizing the economy and provide real opportunities to expand the country's resources while stimulating the private sector and reducing unemployment."
The Bank, called "citizens of small and medium-sized entrepreneurs and industrialists and agricultural specialists to review the banks to take advantage of those programs.
Banks called "transactional administrative and financial procedures to speed and accuracy required while ensuring fast access to such funds and implement their own projects".
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Monday 07-09-2015
Twilight News/Central Bank of Iraq, launched on Monday, the biggest financial lending $ 5 trillion dinars (4.2 billion dollars) to support the industrial and agricultural sectors in an effort to contain a deepening economic crisis due to low oil prices in the world market.
Iraq's revenues dropped to their lowest levels after a decline in oil prices to around $ 40 a barrel was accompanied by an increase in military expenditures in support of the war in the North and West of the country against "daash".
The Central Bank said in a statement obtained by twilight news that he started launching the largest financing of loan programmes in Iraq belong to the first funding of industrial and agricultural sectors, housing five trillion Iraqi dinar lending by banks of agricultural specialty, industrial, real estate and Housing Fund.
The Bank added that "the process of borrowing the second belonged to private banks of $ 1 trillion Iraqi dinars (about 850 million dollars) to support small and medium-sized enterprises, with a view to revitalizing the economy and provide real opportunities to expand the country's resources while stimulating the private sector and reducing unemployment."
The Bank, called "citizens of small and medium-sized entrepreneurs and industrialists and agricultural specialists to review the banks to take advantage of those programs.
Banks called "transactional administrative and financial procedures to speed and accuracy required while ensuring fast access to such funds and implement their own projects".
[You must be registered and logged in to see this link.]
