Keywords: We will launch currency bonds during March and committed to returning citiz
Keywords: We will launch currency bonds during March and committed to returning citizens funds seized by Daash
2016-02-27 20:26:37 | (Voice of Iraq) - Baghdad
The governor of the Iraqi Central Bank and the Agency, on the Keywords, on Saturday, on the importance of an auction of foreign currency sale to maintain the stability of the dinar exchange rate and that it "does not constitute a waste of public money or smuggled to him," While the detection of the launch of the sale of government bonds through next March, vowed return of the amounts deposited by citizens in the bank branches of the Rafidain and Rasheed Nineveh and seized (Daash) after the liberation of the province.
It came through it during the post Keywords in a seminar hosted by the Institute (strategic policy), today, at his headquarters in central Baghdad, and attended (range Press).
The governor of the central bank and the agency, said that " the central bank 's strategy for the years 2016- 2020 will witness a qualitative leap , " noting that " the percentage of Iraqis who use the banking system as it is ambitious amounting to only ten percent."
Keywords revealed, for the "launch the first government bonds traded through next March," returned to " the auction of foreign currency is not a waste of public money or smuggled to him."
He warned the governor, of "restrictions on the sale of the foreign operation , " noting that it "will lead to the lifting of the dollar 's exchange rate against the dinar."
Keywords saw, that "the presence of more than fifty banks in Iraq , a large number , " calling for " the integration of the private banks to reduce their number in proportion to the actual need."
He said the central bank governor and the agency, that " the banks that granted leave recent establishment will not enter sell the currency effect only after years and the investigation of the practice and commercial banking , real , " pointing out that " the Central Bank is obliged to grant Muaqath to open new banks as long as it achieved the necessary conditions and guarantees" .
Keywords acknowledged, as "there are many problems in banks when retrieving loans of citizens , " noting that " the loan guarantees are given real estate, and when delayed or beneficiary refuses to repay the resort to book estates come up against the intervention of the clans that prevent it."
He pledged the central bank governor and the agency, that " the Bank restores all amounts deposited by citizens in the Rafidain and Rasheed bank branches and seized by the terrorist organization Daash in Nineveh province, its center of Mosul (405 km north of Baghdad), after its liberation."
The Governor of the Central Bank and the Agency, announced, ( the 15th of February , the current 2016) the determination of the bank to sell bonds to the public worth seven trillion dinars during the current year.