Central «pumped» 3 trillion dinars from the 50th Alpha category to the market

Central «pumped» 3 trillion dinars from the 50th Alpha category to the market

16/2/2016

Baghdad, Mohammed Hadi

ask the central bank three trillion dinars, the new local currency 50 Alpha class.

The local currency in the market between 38 and ranging to 39 trillion dinars, according to the Finance Committee in the House of Representatives.

He was the central bank, on Monday, a strategy for the years 2016 - 2020, include the development of the work of the banking system, and the performance of the Bank's departments.

he announced the bank's governor and the agency, on the Keywords, the central intention to sell securities to the public $ 7 trillion dinars during the current year.

A member of the House of Representatives deputy Finance Committee Masood Haider told the "world" that "the central bank injected into the market recently about 3 trillion dinars from the category of 50 thousand dinars."

conveys Haidar Keywords saying that "there is strong demand for this new class of citizens."

He said Haider, said that "this currency is within the monetary mass in circulation in the market and the amount of 38 to 39 trillion. "

the central bank announced in November 2015 for issuing new banknote fifty thousand dinars category, attributing this to the completion of the Iraqi banknotes structure and the development of high-value category in circulation, however, put forward to the local market has been delayed more than visits for reasons organizational over the past months.

With respect to bonds, which the central bank intends to Srhaa to plug the deficit in the general budget said Haider, said that "the issuance of bonds stipulated in the current year budget, an Iraqi funds are managed within the country," pointing out that "the aim of which support the government to cross the financial crisis. "

He assured Haider that" state employees for the current year salaries have been locked completely. "

He revealed the central bank governor on the Keywords, during a ceremony held in Baghdad yesterday, expressed" the determination of the bank to sell bonds to the public $ 7 trillion dinars in 2015, "he "the circumstance that has occurred Al Iraq carried at oil prices and terrorist operations and import random, prevented the growth of economic sectors in Iraq, in spite of the provision of central bank the power of the Iraqi dinar against the dollar."

he said that "the central bank is keen to support the Iraqi banking sector," noting that "allowed banks to use 50% of the mandatory reserves in the Central to be used in the purchase of remittances treasury," noting that "the value of such remittances amounted to more than four trillion dinars."

With regard to the launch of the strategy the central bank from 2016 until 2020, see Keywords that it "has according to a clear vision, and secure within the direct efforts and global visions, "noting that" the strategy to adopt control and real follow-up financial situation of Iraq. "

financial expert and member of the board of the Central Bank, Dr. Ahmed Abrihi, said in a statement to" the world ", that" the aim of the strategy that launched by the Central lies in developing the performance of the bank circles, "he said, adding it was" nothing to do with monetary policy, which is one of his duties. "

among Abrihi, that" the central bank acts as the organization of the cash management of the government through several tasks most important currency auction. "

regarding the issue coin 50 thousand dinars confirmed Abrihi that "such a move within the meet citizens' demands to find a large coin."

to confirm the parliament speaker Salim al-Jubouri, during a speech on the sidelines of a ceremony launching the strategy the central bank said that "the financial support provided by the countries of the world is emergency support, "stressing that" such support does not solve the economic problems suffered by Iraq. "

He called al-Jubouri, a" serious stance to regulate financial and political process and the development of solutions and tackle inflation, "pointing to the need to" work really to support the banking sector, to bridge the gap between him and the sector global banking. "

He called al-Jubouri," to monitor the banking and anti-money laundering operations using cadres trained by the Directorate General of the banking and credit control, "adding that" the banking sector to support not only depend on the government effort, but on the citizen and the consciousness as well. "