Central: launching the currency bonds by March
Baghdad/Obelisk: Central Bank, revealed Saturday the launch of selling government bonds through next March, called for the integration of private banks to reduce their number to suit the actual need, emphasizing the importance of auction sale of foreign currency to maintain the stability of the dinar exchange rate.
And the word of the Governor of the Central Bank on the relationship in strategic policy Institute Symposium, in Baghdad, attended by local media and followed "the Obelisk",
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.
He drew 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.
And impossible relationship, "restrictions on the sale of foreign currency," adding that it "would raise the dollar exchange rate dinar".
He said, "the presence of more than 50 banks in Iraq a significant", calling for "the integration of private banks to shrink in proportion to the actual need.
And between banks, "which granted the 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.
He pledged that "all sums deposited by Bank citizens bank branches and rational and seized terrorist organization daash in Nineveh province after liberation."
Recall that the Governor of the Central Bank, announced on February 15, 2016, the current Bank's intention to sell public bonds worth seven trillion dinars during the current year