CBI: The success of the first phase of the plan to increase the money banks
Iraqi Media Network – 09/04/2012 – 12:06 pm
BAGHDAD / Center Brief for the Iraqi Media Network – said the Iraqi Central Bank that the first phase of his plan to increase the capital of private banks achieved its objectives through attainment banks for capital at a minimum 150 billion dinars, and as he emphasized the reluctance of banks for the first phase, it was revealed granted for 60 days to reach the minimum visit the capital.
said Deputy Governor of the Bank the appearance of Mohammed’s (Center Brief for the Iraqi Media Network) that “the first stage of raising capital of private banks ended with great success,” noting that “the first stage has achieved 98% of its objectives.”
he added Deputy Governor that “28 banks out of 30 banks were able to reach the capital set by the Central Bank and $ 150 billion dinars until last June.”
and that “banks only backward to achieve a condition the central bank and Omhla 60 per day to reach the capital 150 billion dinars” , revealing that the second phase of the plan started immediately after the first phase. ” and continued that “the second phase include achieving private banks total capital to 250 billion dinars minimum in June 2013.”
and summed tasks CBI to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.