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Expert (time): We expect improved financial dealings central lifting dollar sales
– May 19, 2015
Weights emphasize flexibility in the launch of loans banks
BAGHDAD - just Kazem
Iraqi Central Bank to raise the share of dollar sales for banking companies and foreign transfers, and fired amount trillion dinars for private banks to finance projects loans, while praised economist these procedures, which aims to abolish the central bank auction and liberalization of banks in granting loans.
He said economic expert Essam Mahouelle (time ) yesterday that the (central bank raised the share of dollar sales for banking companies and foreign transfers and the development of measures to address the situation of some private banks that suffer a shortage of liquidity and launch trillion dinars for private banks to finance projects loans are good measures aimed to abolish the central auction for dollars if the merchant will not return to the bank in dealings but will go directly to the marketing centers and will have greater freedom in trade and break the routine in the financial transfers).
He added that he (as the bank reduced the cash reserve whenever helped banks and encouraged them to launch loans and to clarify the last that banks put up the dollar, accompanied by a shortage of financial liquidity lead to a scarcity of credit, but if it is to reduce the reserve and pay to the market and of the amount trillion dinars, the liquidity will increase and thus will increase with it financial loans from banks and banks) Mahouelle He explained that (the next term will see a rise in the number of projects and loan values and the local economy will see a quantum leap restore the Iraqi economy and prestige of the local currency).
The central bank has decided in a statement yesterday (during the meeting of the Board of Directors of the bank increase the share of dollar sales for banking companies and foreign transfers and reducing the length of time for the implementation of foreign remittances).
He added that he (also decided to put the necessary measures to remedy the situation of some private banks and experiencing a shortage of liquidity in order to ensure treatment of their positions).
The bank said in the statement that (during the Council decided to approve the central bank's board meeting on the launch of the amount trillion dinars for private banks to finance small and medium enterprises loans to citizens and approve their own controls).
He pointed out that he (also decided to approve the organization of the work instructions guarantee bank loans and companies directly economist Majid Mohammed Hassan Suri as a member of the Council of the Central Bank of Iraq, a representative of the management of private banks after obtaining the approvals).
To that discussed the Deputy Prime Minister and Chairman of the Supreme Economic Committee example, has typically Nuri Shaways with the Central Bank and its implications for monetary policy, fiscal policy.
Said a statement received (time) yesterday that (Shaways sponsored a seminar on fiscal policy and its impact on monetary policy in the investment development center in the presence of Governor of the Central Bank and a number of members of the House of Representatives and government officials, businessmen and principals government and private banks and gave the word which he addressed the role of the Supreme Economic Committee as well as general government policy in support of the private sector).
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Expert (time): We expect improved financial dealings central lifting dollar sales
– May 19, 2015
Weights emphasize flexibility in the launch of loans banks
BAGHDAD - just Kazem
Iraqi Central Bank to raise the share of dollar sales for banking companies and foreign transfers, and fired amount trillion dinars for private banks to finance projects loans, while praised economist these procedures, which aims to abolish the central bank auction and liberalization of banks in granting loans.
He said economic expert Essam Mahouelle (time ) yesterday that the (central bank raised the share of dollar sales for banking companies and foreign transfers and the development of measures to address the situation of some private banks that suffer a shortage of liquidity and launch trillion dinars for private banks to finance projects loans are good measures aimed to abolish the central auction for dollars if the merchant will not return to the bank in dealings but will go directly to the marketing centers and will have greater freedom in trade and break the routine in the financial transfers).
He added that he (as the bank reduced the cash reserve whenever helped banks and encouraged them to launch loans and to clarify the last that banks put up the dollar, accompanied by a shortage of financial liquidity lead to a scarcity of credit, but if it is to reduce the reserve and pay to the market and of the amount trillion dinars, the liquidity will increase and thus will increase with it financial loans from banks and banks) Mahouelle He explained that (the next term will see a rise in the number of projects and loan values and the local economy will see a quantum leap restore the Iraqi economy and prestige of the local currency).
The central bank has decided in a statement yesterday (during the meeting of the Board of Directors of the bank increase the share of dollar sales for banking companies and foreign transfers and reducing the length of time for the implementation of foreign remittances).
He added that he (also decided to put the necessary measures to remedy the situation of some private banks and experiencing a shortage of liquidity in order to ensure treatment of their positions).
The bank said in the statement that (during the Council decided to approve the central bank's board meeting on the launch of the amount trillion dinars for private banks to finance small and medium enterprises loans to citizens and approve their own controls).
He pointed out that he (also decided to approve the organization of the work instructions guarantee bank loans and companies directly economist Majid Mohammed Hassan Suri as a member of the Council of the Central Bank of Iraq, a representative of the management of private banks after obtaining the approvals).
To that discussed the Deputy Prime Minister and Chairman of the Supreme Economic Committee example, has typically Nuri Shaways with the Central Bank and its implications for monetary policy, fiscal policy.
Said a statement received (time) yesterday that (Shaways sponsored a seminar on fiscal policy and its impact on monetary policy in the investment development center in the presence of Governor of the Central Bank and a number of members of the House of Representatives and government officials, businessmen and principals government and private banks and gave the word which he addressed the role of the Supreme Economic Committee as well as general government policy in support of the private sector).
[You must be registered and logged in to see this link.]
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