The Central Bank granted the economy to investment and finance certain powers under the tutelage of

by **Rocky** Tue 15 Jul 2014, 4:38 am

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The Central Bank granted the economy to investment and finance certain powers under the tutelage of

by Rocky Tue 15 Jul 2014, 4:38 am

The Central Bank granted the economy to investment and finance certain powers under the tutelage of the World Bank

Tomorrow press Baghdad: Iraq's Central Bank, announced Monday, to identify work tasks in the economy for investment and funding under the tutelage of the World Bank in order to expand the Bank's financial resources to the limit and reduce losses to a minimum.

The Director General of Directorate of banking and credit ÚÈÏ çáúèçó behind Sultan in a statement "tomorrow", "the Central Bank decided to give some of the powers of the directors to compensate his losses included entering the economy Bank for investment and finance to effect purchase and sale of foreign currency cash ceiling specified amount of five million dollars per week."

The Bank said the Bank also was allowed to issue letters of guarantee type entry bid exclusively starting from tomorrow ", noting that" these actions are based on the powers of the Central Bank under the Banking Act No. 94 of 2004 Iraqi. "

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