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Central Bank: Available cash is not available and we plan to attract funds
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BAGHDAD / The Central Bank of Iraq announced on Monday that the available cash is not available, pointing out plans to attract money and pump it into the banking system.
"Stagnation is a problem and a source of concern for many countries, especially after the latest technological developments and the subsequent achievements and huge savings in the incomes of the elements of production," the bank's governor Ali Al-Aalak said in a statement received by Iraq News.
Al-Alak added that "the Central Bank observes this phenomenon directly and that the available cash is not available and as planned," noting that "the Central Bank has a scheme to resolve this issue through the development of plans and studies to attract funds and their attractions within the banking system." Finished
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