Thursday, 19 March 2015 - 13:22
Iraqi Central Bank building in Baghdad
Iraqi Central Bank pledged to return money dealers with lagging private banks through the legal reserve, while noting that the reason for the delay is due to non-payment of dues contractors and clients as a result of a lack of liquidity.
The director of the version and cabinets in the central bank Ihsan Yasiri in a press statement followed Radio tow "The complaint was repeated against some private banks lagging in their work, such as the economy actually bank under the Central tutelage, and Warka, which was lifted earlier custody but did not stand up by himself."
He added that "North Bank also faces a problem with a senior depositors, which was recently withdrawn from the bank account each," noting that "the amount that was withdrawn and a huge bank management to re-negotiate with the new deal."
Issue Manager and cabinets in the central bank said that "the state institutions involved in the problem of liquidity, because they are not paid to contractors and dealers with their dues, and they have money in the bank, too," stressing that "the CBI sponsor return their money through legal reserve which each bank, which is to be launched in the real crisis and not because of the small numbers can be overcome. "
He revealed al for "a series of measures to prop up the state budget, which faces a shortfall of billions of dollars, through the rationalization of the indiscriminate importation, as well as the release of funds to the specialized banks such as industrial, agricultural, commercial and real estate, until the launch of advances and loans."
It is noteworthy that the central bank may put, in the June 4, 2014 Bank of the economy to invest, under guardianship, attributing this to the passion for the advancement of the bank and protect its customers, as has been the Central Bank and the Warka Bank was placed under guardianship, 2012, to find work, before deciding filed in February 6, 2014.
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