Central Bank encourages the introduction of payment on credit

10/8/2011 | (Voice of Iraq) - Baghdad / term follow-up of economic central bank said that the Iraqi government encourages the introduction of payment on credit, saying that this contributes to encourage international companies to enter the Iraqi market, stressing that monetary policy is not affected by the application of this method. and Iraq is working to encourage foreign companies to enter its market in order to participate in their efforts for the reconstruction of infrastructure affected by the long years of siege and war. The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh said that "the central bank encouraged the payment system on credit because it is a method of attracting funds of the international companies working in Iraq. " He added that "there is no damage to real payment system on credit, which the Government intends to follow a monetary policy run by the Central Bank of Iraq." Saleh pointed out that "the government must establish controls over planning for the process of payment on credit before the adoption of this method. "