Statement issued by the Central Bank of Iraq
In line with the Central Bank of tasks and responsibility in supporting the development of the Iraqi economy and stimulate bank took a number of decisions, including: -
1 - Approval of the appointment of a representative of the private banks in the Central Bank.
2 - Approval by the central bank to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need to pass a window sell the currency at the CBI Bank and assume control over these operations within him a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current style and coordination with the banks.
3 - speed up legislation to ensure deposit law.
4 - the recommendation to the government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government.
5 - to form a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision.