Twilight News CBI / announced on Sunday that he made decisions to support the development of the Iraqi economy, including the approval of the coverage of bank accounts abroad in US dollars to cover imports.
86478.jpgThe bank said in a statement reported for "Twilight News" that "in line with the central bank's tasks and responsibilities in supporting the development of the Iraqi economy and stimulate the bank took a number of decisions, including the approval of the appointment of the special representative of the Council of the central bank's management of banks."
The bank said that among its "approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without the need to pass a window sell the currency at the Central Bank of Iraq."
The bank added that he "assume control over these operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current method and coordination with the banks in this regard."
Bank and stressed "the need to expedite the enactment of the Deposit Insurance Law, and to recommend 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."
The bank pointed out that "the formation of a committee to reconsider the structure of benefits, including expanding the provision of credit and liquidity."
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