View Full Version : CBI reduces interest rate Sun.

04-03-2010, 06:08 PM
CBI reduces interest rate Sun. (http://www.dinarspeculator.com/)

[/URL]by [URL="http://www.dinarspeculator.com/./memberlist.php?mode=viewprofile&u=28"]cwwilson (http://www.dinarspeculator.com/./viewtopic.php?p=6478) » 03 Apr 2010 22:45
April 3, 2010 - 05:40:56

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) on Saturday said it would reduce the interest rate from 7% to 6%, as well as the banks’ legal reserves from 25% to 20% as of this Sunday.
“The CBI has decided to reduce the interest rate on loans from 7% to 6% as of tomorrow,” a CBI advisor, Madhhar Mohammed Saleh, told Aswat al-Iraq news agency.
The private banks’ legal reserves will also be reduced from 25% to 20%, Saleh noted.
Interest rate reached 20% in 2007 as part of a CBI policy to contain inflation, sparking a wave of criticism by the private sector, which accused the central bank of obstructing investment in the country

Got-UR-back dino
04-03-2010, 07:19 PM
They are within a choice of PM of this country exploding economically.