Iraqi Central: International Monetary satisfied with our reforms to the financial
10/03/2012 15:25

Baghdad, March 10 / March (Rn) - The Central Bank of Iraq on Saturday that the International Monetary Fund is satisfied with the financial reforms carried out by as part of his dealings banking. Iraq had decided since the beginning of 2006 to restructure State-owned banks. Deputy Governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdistan News (Rn) that "the International Monetary Fund expressed his conviction fiscal reforms carried out by Iraq at the level of financial dealings and banking and development." and added that "Iraq see with the IMF bilateral agreement was signed between the two sides to strengthen the political banking and the development of cash transactions." The benefit of that "this agreement the purpose of assessment is good for conditions in Iraq and the areas of financial reform of the accounting system and mechanisms of exchange in the budget." and still the Iraqi government is limited in its financial transactions on the government banks by 85%. He International Monetary Fund's recent support of the Iraqi economy in the event carrying out a number of economic measures, including raising three zeros from the local currency.