Relationship: launching the currency bonds during the March and are committed to restoring citizens seized funds
The Governor of the Central Bank of Iraq, Ali al-allaq, on Saturday, the importance of auction sale of foreign currency to maintain the stability of the dinar exchange rate and "does not constitute a waste of public money or smuggling," while revealing the launch selling government bonds through next March, pledged to return the amounts deposited in the bank branches and rational beninoi and seized (daash) after the liberation.
Came through during the participation in the Symposium established relations Institute (strategic policy), today, at its headquarters, in central Baghdad, and attended (range).
He said the Governor of the Central Bank, the Central Bank's strategy for the years 2016-2020 will see a quantum leap, "Noting that" the proportion of Iraqis who use non-ambitious banking system with 10 percent.
And he revealed the relationship, "the launch of the first Government bonds trading by next March," returned to "auction selling foreign currency does not constitute a waste of public money or smuggling.
The Governor warned, "restrictions on the sale of foreign currency," adding that it "would raise the dollar exchange rate dinar".
The relationship of the view, that "the presence of more than 50 banks in Iraq a large number," calling for "the integration of private banks to shrink in proportion to the actual need.
Central Bank Governor explained, that "banks which granted maternity leave established recently will not enter the currency selling window only after years of investigation and practice of business banking and real", pointing out that "the Central Bank is obliged to grant the disparate to open new banks which have long realized the conditions and guarantees required.
He acknowledged the relationship, "having too many problems with banks when retrieving loans of citizens", stating that "loans give real guarantees, when the beneficiary is in arrears or refuses payment and booking of premises we encounter the clans prevented intervention."
Central Bank Governor pledged that the Agency "restores all amounts deposited by Bank citizens bank branches and rational and seized terrorist organization daash in Ninawa Governorate, Mosul (405 km north of Baghdad), after it was liberated."
Recall that the Governor of the Central Bank, announced, (February 15, 2016) the Bank's intention to sell public bonds worth seven trillion dinars during the current year.