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Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq
Today 14:10
Information / Baghdad..
Today, Tuesday, the Parliamentary Finance Committee considered the
decision of the Central Bank of Iraq to raise the interest rate for bank depositors as a correct direction towards revitalizing and organizing the banking system.
A member of the Finance Committee, Moeen Al-Kadhimi, said in a statement to Al-Maalomah, “The
Central Bank’s decision to increase the interest rate falls within banking reform measures and in
implementation of Prime Minister Muhammad Shia’a Al-Sudani’s directive to move towards organizing and revitalizing the banking system in Iraq.” He added,
"The decision to raise the interest rate will certainly encourage citizens to deposit in banks,
which will
stimulate financial movement and
turn to investment projects, in addition to its
positive repercussions by reducing the exchange rate of the dollar against the Iraqi dinar." Al-Kadhimi pointed out that "the
Central Bank of Iraq is moving towards real automation in financial transactions inside Iraq."
Yesterday, Monday, during the 31st session of the Ministerial Council for the Economy, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced
raising the interest rate for amounts deposited in banks to 7.5% to
encourage citizens to deposit their amounts in banks, and to
withdraw the cash mass outside the banks. Ended / 25 AD
https://almaalomah.me/news/44030/economy/الكاظمي:-قرار-زيادة-سعر-الفائدة-سينشط-النظام-المصرفي-داخل-ال
Today 14:10
Information / Baghdad..
Today, Tuesday, the Parliamentary Finance Committee considered the
decision of the Central Bank of Iraq to raise the interest rate for bank depositors as a correct direction towards revitalizing and organizing the banking system.
A member of the Finance Committee, Moeen Al-Kadhimi, said in a statement to Al-Maalomah, “The
Central Bank’s decision to increase the interest rate falls within banking reform measures and in
implementation of Prime Minister Muhammad Shia’a Al-Sudani’s directive to move towards organizing and revitalizing the banking system in Iraq.” He added,
"The decision to raise the interest rate will certainly encourage citizens to deposit in banks,
which will
stimulate financial movement and
turn to investment projects, in addition to its
positive repercussions by reducing the exchange rate of the dollar against the Iraqi dinar." Al-Kadhimi pointed out that "the
Central Bank of Iraq is moving towards real automation in financial transactions inside Iraq."
Yesterday, Monday, during the 31st session of the Ministerial Council for the Economy, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced
raising the interest rate for amounts deposited in banks to 7.5% to
encourage citizens to deposit their amounts in banks, and to
withdraw the cash mass outside the banks. Ended / 25 AD
https://almaalomah.me/news/44030/economy/الكاظمي:-قرار-زيادة-سعر-الفائدة-سينشط-النظام-المصرفي-داخل-ال
