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After the launch of loans to private banks .. Are the Iraqi market back again?
Wednesday 24 June 2015 | 10:23
The central bank is trying in various ways to assist and support citizens and the Iraqi economy, mainly as well as Iraqi private banks that went through crises and circumstances prevented progress dramatically and fast over the past years support
Qurtas News / Baghdad
After the launch of the amount trillion dinars by the Central Bank for banks own which in turn will give some loans to citizens in order to carry out medium and small projects that, most experts expect the owners of economic affairs and that it leads to move the market again.
The governor of the Central Bank on the Keywords for "Ply News" that "the Central Bank in various ways trying to help and support the citizens and the Iraqi economy, mainly as well as the Iraqi private banks that went through crises and circumstances prevented progress dramatically and fast over the past years support."
"From the perspective of responsibility of the Central Bank, the Board has decided to launch an amount of trillion dinars first batch of Iraqi private banks," noting that "this amount could be increased if the project succeeded, and took a wide area and this is what Stpinh the coming days."
Keywords stressed that "the central bank setting conditions and mechanisms for banks that want to participate in this project, where the bank will not force any bank loans to cover the opportunity is there for all those who wish".
For his part, Executive Director of the Association of banks to Tariq that "the Iraqi Central Bank put the mechanisms and conditions for the launch of loans, of which the loan amounts will be launched early next month of July by private banks, which starts from five million dinars to 50 million dinars and the duration of recovery up to 3 years and an interest rate of not more than 5%. "
And between Tariq she told the "Qurtas News" that "banks are will pay those amounts at the end of each month statements regulate the amounts disbursed to the central bank, which in turn will pay those amounts to the banks, according to the mechanics and the benefits will be used to both parties."
He pointed out that Tariq "loans will target all the projects that the citizens will be provided in all the provinces, including industrial, agricultural, commercial and housing projects and the levels of medium and small enterprises."
While the head of the National Investment Commission Sami al-Araji that "sees central bank's move, banks will own case recovery and well-being in the Iraqi market and increase investment opportunities in the country of the need for the camp to a variety of projects."
He said al-Araji for "Qurtas News" that "the medium and small projects will support the market and absorb unemployment and move the Iraqi economy and make it vulnerable to investment, especially with the presence of ongoing projects Every project is an extension of the large investment projects".
So to say, an expert on economic affairs on behalf of Jamil Antoine that "a lot of sectors in Iraq in a state of recession and poverty, including industry, tourism and trade Under those loans could rise from recession and deflation in the opening up of these sectors."
Antoine said in a statement to "Qurtas News" that "Iraq has the basic ingredients for the recovery of any project, including manpower, infrastructure, land and other, especially in medium and small enterprises."
He added that "this initiative is a golden opportunity for those who wish to work and to achieve a good profit," and urged that "be no real support for these projects through monitoring the market and the reduction of the importer and Tqeil internal and external control over the border crossings and coordination of banks to know the intention of those projects proceedings to enable the parties concerned taking into consideration the local product support. "
The Central Bank of Iraq, Althelatha, at a ceremony organized by the Association of Iraqi private banks announced the launch of a trillion dinars for private banks loans to finance projects, noting that it was approved instructions regulating the work of guaranteed bank loans companies .
The Central Bank of Iraq said earlier, that he believes in the importance of the private sector and its role in rebuilding Iraq, pointing out that there was no intent to put restrictions on the remittance activity despite the conditions experienced by the country .
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Wednesday 24 June 2015 | 10:23
The central bank is trying in various ways to assist and support citizens and the Iraqi economy, mainly as well as Iraqi private banks that went through crises and circumstances prevented progress dramatically and fast over the past years support
Qurtas News / Baghdad
After the launch of the amount trillion dinars by the Central Bank for banks own which in turn will give some loans to citizens in order to carry out medium and small projects that, most experts expect the owners of economic affairs and that it leads to move the market again.
The governor of the Central Bank on the Keywords for "Ply News" that "the Central Bank in various ways trying to help and support the citizens and the Iraqi economy, mainly as well as the Iraqi private banks that went through crises and circumstances prevented progress dramatically and fast over the past years support."
"From the perspective of responsibility of the Central Bank, the Board has decided to launch an amount of trillion dinars first batch of Iraqi private banks," noting that "this amount could be increased if the project succeeded, and took a wide area and this is what Stpinh the coming days."
Keywords stressed that "the central bank setting conditions and mechanisms for banks that want to participate in this project, where the bank will not force any bank loans to cover the opportunity is there for all those who wish".
For his part, Executive Director of the Association of banks to Tariq that "the Iraqi Central Bank put the mechanisms and conditions for the launch of loans, of which the loan amounts will be launched early next month of July by private banks, which starts from five million dinars to 50 million dinars and the duration of recovery up to 3 years and an interest rate of not more than 5%. "
And between Tariq she told the "Qurtas News" that "banks are will pay those amounts at the end of each month statements regulate the amounts disbursed to the central bank, which in turn will pay those amounts to the banks, according to the mechanics and the benefits will be used to both parties."
He pointed out that Tariq "loans will target all the projects that the citizens will be provided in all the provinces, including industrial, agricultural, commercial and housing projects and the levels of medium and small enterprises."
While the head of the National Investment Commission Sami al-Araji that "sees central bank's move, banks will own case recovery and well-being in the Iraqi market and increase investment opportunities in the country of the need for the camp to a variety of projects."
He said al-Araji for "Qurtas News" that "the medium and small projects will support the market and absorb unemployment and move the Iraqi economy and make it vulnerable to investment, especially with the presence of ongoing projects Every project is an extension of the large investment projects".
So to say, an expert on economic affairs on behalf of Jamil Antoine that "a lot of sectors in Iraq in a state of recession and poverty, including industry, tourism and trade Under those loans could rise from recession and deflation in the opening up of these sectors."
Antoine said in a statement to "Qurtas News" that "Iraq has the basic ingredients for the recovery of any project, including manpower, infrastructure, land and other, especially in medium and small enterprises."
He added that "this initiative is a golden opportunity for those who wish to work and to achieve a good profit," and urged that "be no real support for these projects through monitoring the market and the reduction of the importer and Tqeil internal and external control over the border crossings and coordination of banks to know the intention of those projects proceedings to enable the parties concerned taking into consideration the local product support. "
The Central Bank of Iraq, Althelatha, at a ceremony organized by the Association of Iraqi private banks announced the launch of a trillion dinars for private banks loans to finance projects, noting that it was approved instructions regulating the work of guaranteed bank loans companies .
The Central Bank of Iraq said earlier, that he believes in the importance of the private sector and its role in rebuilding Iraq, pointing out that there was no intent to put restrictions on the remittance activity despite the conditions experienced by the country .
[You must be registered and logged in to see this link.]
