Editor: AR, HH 25/1/2015
Long-Presse / Baghdad
Central Bank of Iraq, announced on Sunday, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate,"
The central bank said in a statement received (long-Presse) a copy of it, "The House of the Iraqi Central Bank administration to convene a special session on Sunday to discuss the financial situation in Iraq and decided to take the necessary measures to boost liquidity in the banking system so as to enable it to perform its duties usual measures."
The bank added that "these measures will enable us to acquire government debt instruments so as to enhance sustainable development and job creation and prosperity."
He pointed to the bank in his statement that he "decided to facilitate the sale of foreign currency in cash and transfer procedures in order to facilitate the perpetuation of the market and exchange rate stability."
The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.
The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.
The Integrity Committee in the Iraqi Council of Representatives, has announced (18.01.2015), all near the issuance of judicial rulings against 16 banks waged on charges of forgery in the case of the Central Bank, confirmed the resolution of more than 3,000 private administrative and financial corruption case, as pointed out discussion how to develop specific criteria for tenders in the Municipality of Baghdad.
[You must be registered and logged in to see this link.]