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Economist calls for the central bank to stimulate savings and localization
10/18/15
~ BAGHDAD
called for a specialist in economic affairs Raad Twigg Iraqi Central Bank to stimulate and resettlement of savings among the public, returned the bank savings in Iraqi dinars to the public bond issue at interest rates lower than the interest rates of long-term part of the proposed economic solutions that represent solutions that work automatically in crises. Said Twigg in a press statement that "the bond issue in Iraqi dinar is one of the monetary policies that make public a tool of monetary policy tools, which in its importance makes the central bank has a control range in the demand for money and displayed" He pointed out that "this process must be sustainable and not be limited in time of financial crisis, "noting that" this can increase the Savings awareness and then awareness of the bank, which would be an increase in rationalization consumer indirect and enrich the Iraqi market financial instruments and the possibility of the central bank to use this policy in withdrawals and pumping cash and drying part of monetary stability and reduced worker speculation. " Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
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10/18/15
~ BAGHDAD
called for a specialist in economic affairs Raad Twigg Iraqi Central Bank to stimulate and resettlement of savings among the public, returned the bank savings in Iraqi dinars to the public bond issue at interest rates lower than the interest rates of long-term part of the proposed economic solutions that represent solutions that work automatically in crises. Said Twigg in a press statement that "the bond issue in Iraqi dinar is one of the monetary policies that make public a tool of monetary policy tools, which in its importance makes the central bank has a control range in the demand for money and displayed" He pointed out that "this process must be sustainable and not be limited in time of financial crisis, "noting that" this can increase the Savings awareness and then awareness of the bank, which would be an increase in rationalization consumer indirect and enrich the Iraqi market financial instruments and the possibility of the central bank to use this policy in withdrawals and pumping cash and drying part of monetary stability and reduced worker speculation. " Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
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