Central: we have 20 trillion dinars to help the government cope with the financial crisis

by **Rocky** Thu 12 Jan 2017, 1:45 am

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Central: we have 20 trillion dinars to help the government cope with the financial crisis

by Rocky Thu 12 Jan 2017, 1:45 am

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Central: we have 20 trillion dinars to help the government cope with the financial crisis

 Baghdad / term

The Central Bank, yesterday, his contribution to alleviate the repercussions of the financial crisis in the country by 75%, confirming that he had submitted to the government 20 trillion dinars to secure the financial budget requirements.
The governor of the central bank on the Keywords, in a speech during the Iraq Banking Forum held in the Lebanese capital Beirut and followed its proceedings (range), " The Central Bank has provided 20 trillion dinars , the Iraqi government to boost liquidity and securing the budget requirements."

Keywords and added that "Iraq was able to overcome the great challenges during the year 2016 because it was a difficult year due to the financial crisis , " adding that " the central bank contributed to the reduction of the financial crisis on Iraq by 75%."
And saw the Governor of the Central Bank of Iraq that " the future holds pointers to improve the economic situation by reducing the budget deficit and rising oil prices worldwide and the international support for Iraq , " he expected that "Iraq will receive between 15-18 billion dollars from the World Bank and the International Monetary Fund in the coming years ".
Keywords and noted that " the strategy of the central bank related to the development of infrastructure and the creation of the start of a broad base of electronic payments."
And it began the third session of the Forum with the participation of Iraq 's banking Governor of the Central Bank of Iraq on the Keywords in cooperation with the Iraqi private banks association, along with 350 other senior officials in the Iraqi and Lebanese banking sector and companies money , financial services and information technology in Iraq and Lebanon.
On the other hand, he stressed the depositary Handal, president of Association of private banks, that " the Iraqi banking sector affected by the financial crisis and economic recession , however overcome obstacles prey to the risk of compliance and money laundering , " noting that " the banking sector is keen to develop relations with correspondent banks" .ofatt Bitter melon that " the Association of banks seek to implement the central bank 's plan in the field of lending to citizens in the light of the 6 billion initiative for this purpose in order to support small and medium enterprises and revitalizing the Iraqi economic sector."
He stressed the need to "do government agencies to pay employees ' salaries through private banks like Central Bank."
Turn Joseph Tarabay, Chairman of Banks in Lebanon Association said, "We have to increase coordination and cooperation between Iraq and Lebanon in the field of banking activity and contribute to sustainable development in Iraq , " stressing the need to "strengthen the banking experience in both countries and the use of modern technical means in the banking activity and ensure the safety of the banking business in both countries. "
For his part, Riad Salameh, the governor of the Bank of Lebanon, "long sought the Bank of Lebanon to establish better relations with the Arab central banks, particularly the Central Bank of Iraq, because of this relationship is important for the exchange of banking technologies that enable the convergence of Qtaina bankers. But this convergence positive impact on the economy in both countries. "

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