Governor of the Central Bank of Iraq underscores the importance of strengthening trust between the g

by **Rocky** Tue 08 Mar 2016, 11:16 am

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Governor of the Central Bank of Iraq underscores the importance of strengthening trust between the g

by Rocky Tue 08 Mar 2016, 11:16 am

Governor of the Central Bank of Iraq underscores the importance of strengthening trust between the government and private banks

2016/03/08

(Encyclopedia of the Day News | Iraq News) - Private Economy News: Beirut.

The governor of the Iraqi Central Bank on the Keywords importance of strengthening trust between the central bank and the private banks through the Joint Coordination and overcome the obstacles and difficulties.

He explained Keywords in a speech at the evening session of the Forum for the banks and the Iraqi money held in Beirut now that the central bank provided suggestions to the Economic Committee of the Cabinet in this direction also issued several resolutions pertaining to the relationship with the private banks, stressing the need to make private banks, real services to their customers and not Services marginal noting that the Central Bank in the framework of support for private banks lent to each other to provide a portion of the liquidity it needs to walk its own affairs and fulfill its obligations to its customers.

He noted the need to strengthen the confidence of the private banking sector and said that if the industry did not have the confidence it will remain unable to perform his duties, stressing the central bank is prepared to find a joint coordination with the private banks in order to bridge the distance between the two sides.

On the financial and economic situation in Iraq in light of the current crisis, said the central bank governor that the indications are that the Iraqi economy will Thassanakhlal coming years after passing the crisis experienced by this year.

Keywords Turning to the international support for Iraq to strengthen its financial position in the face of the current crisis caused by the decline in global oil prices ,.

Confirming the presence of indicators through contacts with the IMF and the World Bank to provide support for Iraq, noting that the results of this will appear in the coming months.

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