CBI to take action to boost liquidity

June 13, 2016 11:46
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It committed the Central Bank of Iraq on Sunday June 12, eight banks to deposit amounts in excess of 500 billion Iraqi dinars in order to boost liquidity in response to requests from depositors.

The bank said in a statement: "The Board of the Central Bank's management, committed eight banks to deposit amounts in excess of 500 billion dinars to enhance liquidity and to respond to requests from depositors."

The statement added: "The Council is also committed, members of boards of private banks administrations to re-money previous loans from their banks, and the registration of registered real estate names the names of the banks."

According to the statement, the decision comes as part of a series of corrective action to the situation of some banks, and that the Bank has given three months to implement them.

The media office of the Iraqi Prime Minister Haider al-Abadi issued Saturday, a statement of clarification on the changing banking departments, which explained that the charge of the management of these banks went on their banking at least thirteen years, and professional reputations supports the nomination process, stressing that the quota system brought down the sites political, technical, administrative, a curtain was ignored for many years.

The Abadi statement, apparently in response to a member of the Finance Committee in the Iraqi parliament Haitham al-Jubouri, who said, in his earlier statement Friday, the recent appointments of directors of the industrial and agricultural real estate and banks, as a "scandal caliber." He accused appointed as frugal efficiency, expressing surprise at how to pass on the Prime Minister Haider al-Abadi.

US dollar = 1.171 thousand Iraqi dinars

Source: Sputnik