Parliamentary Finance reveal the central bank to develop a plan to move the currency
Parliamentary Finance reveal the central bank to develop a plan to move the currency and circulation
12/13/2015 0 Comments
Said Finance Committee member Hossam punitive, Sunday, that the plan set by the central bank in order to attract funds for the purpose of investment and moving the wheel of the Iraqi economy will work to revitalize the banking sector and circulation of money instead of survival static in homes, while noting that the financial crisis through which Iraq currently the largest of its solution making plans. He said the punitive L / scales News /, it is "to be traded and moving the currency inside Iraq and Iraqi money instead of survival is still in the homes," stressing the need to "be there banking and business process to take advantage of the circulation of funds in the market."
He added, "The plan by the Central Bank in order to attract these funds for the purpose of investment and moving the wheel of the Iraqi economy step earnest to convert rentier economy to a market economy in order to stimulate the banking sector there and to be a trading of funds between banks and traders instead of being money chunky in homes process ".
He pointed out that" the financial crisis through which Iraq is currently the largest of its solution making plans ", stressing the need to" be there move in the diversity of agricultural, industrial and commercial sources for the advancement of the financial reality of the country. "
The Governor of the Central Bank of Iraq on the Keywords revealed, earlier, that 77% of the Iraqi currency traded in the market are chunky in homes .