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Economists: support (relationship) for private banks was a lifeline for local economy

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Economists: support (relationship) for private banks was a lifeline for local economy

November 13, 2016 | 1:06 pm - views: 192 watch
The Iraqi position network


Economists said the Central Bank Governor's support "on improved relationship" for private banks and efforts in soft loans to citizens as ("deliverance") to the local economy.

Economic analyst "cute Ahmadi" the decline in oil prices and the absence of public budgets from grades led to widespread unemployment and lack of development of the local economy you get great responsibility rests with the Central Bank to keep up with and meet these challenges.

"Ahmadi" in his statement, the Governor of the Central Bank measures to support private banks was a courageous step to push banks to offer more economic services to citizens, especially in the area of little lending.

The Central Bank Governor had "improved relations" conducted a series of visits this week included a number of private banks to stand on the major constraints and challenges faced by banks in order to reach one goal is financial and economic stability.

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