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Video: Launch of the first certificate of deposit of its kind in Iraq
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Certificate of deposit is the first of its kind in the country , launched by the Trade Bank of Iraq after obtaining the approval of the Central Bank, which is handled between the bank and customers in accordance with the terms and conditions developed by economists.
In this context, he drew Faisal Alhmas, Director General of the Iraqi Trade Bank Administration, that " the product was launched about a month from a simple idea of a certificate of deposit in the amount of 500 thousand dinars and the certificate holder to qualify for a chance to enter the raffle."
Video: Bank of Iraq restores the reconstruction of the liberated areas and granting loans
The central bank pulls vacation and license two companies brokered one of them for "terrorist financing"
MPs stressed the importance of promoting such ideas and initiatives by other banks as to facilitate transactions of citizens.
For his part, said Haitham al - Jubouri, a member of the Parliamentary Finance Committee, that " the withdrawal of these funds, operation and utilization of the funds will supply greater than that Saattunha money prizes."
Economists believe that the operation of local capital within the country will contribute to reducing the spread of the phenomenon of unemployment as well as to maximize the revenue of the country who lives a difficult financial crisis.
You can see the report on the video above.
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