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The Central Bank of «Economy News»: not authorized to lend to the government
12/14/17
Economy News Baghdad:
A member of the Board of Directors of the Central Bank, Ihsan al-Yasiri, that the central bank is not authorized to lend to the Iraqi government.
"The central bank is not authorized to lend to the government, but it has worked very hard since the financial and security crisis that occurred in 2014 to make the country more stable and secure," Yasiri told The Economist News.
He added that "the central bank worked to support the government through indirect lending because the government issued bonds and the central bank its opponent in the second market, which provided sufficient liquidity for the state to pay salaries and security requirements and defense."
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