The announcement of the founding of the company to guarantee deposits with a capital
The announcement of the founding of the company to guarantee deposits with a capital of 100 billion Iraqi dinars
Views 109 Added 06/08/2016 - 09:46
Economy News / Baghdad
Iraqi Central Bank announced on Tuesday the establishment of a deposit insurance company with a capital of 100 billion Iraqi dinars includes private and government banks and aims to encourage citizens to deposit money in banks, rather than keep them in their homes
The central bank said in a statement the agency / Economy News / received a copy of it, the Cabinet approved the draft guarantee deposits prepared by the central bank system, whereby the founding of the company to guarantee deposits with a capital of 100 billion dinars, and includes private and government banks.
He explained that the banks will put a certain percentage of deposits the company has a way to ensure pay depositors in case of bank's inability to repay or in case it gets filtered, adding that this would motivate people to deposit their money in banks rather than Aktnazha, which misses invest these funds opportunities and stimulate the economy as well as the risks to keep money at home.
He explained that the funds chunky outside the banking system of more than $ 30 trillion dinars.