WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE

THANK YOU FOR YOUR CONTINUED SUPPORT OF OUR LADY.


You are not connected. Please login or register

Economist: Inflation controls the interest rate banks impose on borrowers

Go down  Message [Page 1 of 1]

ikea


MEMBER
MEMBER
https://www.mawazin.net/Details.aspx?jimare=16679

Economist: Inflation controls the interest rate banks impose on borrowers

02:27 - 24/10/2018
Special - Mawazine News


Economic expert Salam Smisem stressed Wednesday that the benefits imposed by banks on citizens are to preserve their funds, pointing out that they are linked to inflation in the country.

"Interest is a compensation for inflation, it increases as inflation increases in the country and

banks want to ensure that their money is maintained so they impose high interest rates,"
Smisem said in an interview with Mawazine News.

She added that "interest rates set by the Central Bank in cooperation with the bank," pointing out that

"the benefits will work to compensate for inflation and the difference of the value of the currency after years of granting interest."

The Iraqi government and private banks grant loans from time to time, while taking on these loans interest rates high for years.
End 29 / r

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum