Iraqi Central: loans and financing a continuous reserve in safety 9/20
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    Iraqi Central: loans and financing a continuous reserve in safety 9/20

    Iraqi Central: loans and financing a continuous reserve in safety



    Direct said Ali Alaq- Governor of the Central Bank of Iraq, said on Sunday that the launch of the financing of the loan program will remain constant regardless of the financial situation of the Ministry of Finance, and the institutions of the Iraqi state.

    He added, "Keywords" - according to the Iraqi News Agency "conscious" - The launch of the loan financing program will not be affected down world oil prices and the economic crisis, which is an initiative of the Central Bank shall follow up and implement exclusively.

    According to "Keywords" that Iraqi cash reserves locked in a controlled setting and constantly changing away from the negative effects of the drop in world oil prices.

    He welcomed the "Keywords", adopt the draft anti-money laundering and terrorism financing law, noting that it will provide a legal and regulatory frameworks for the work of the banking sector in Iraq in accordance with international standards and requirements.

    The Central Bank of Iraq has recently launched funding for lending programs in Iraq worth six trillion dinars, pertaining to the financing of industrial and agricultural sectors, housing, and support small and medium enterprises.


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    Last edited by Doodle Brain; 09-21-2015 at 10:24 AM.



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