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Bronx
03-09-2010, 08:25 AM
The Governor of the CBI that the Bank's policy is to attract funds to Iraqi banks and not the other way to reduce inflation in Iraq, while an adviser may take private banks in Iraq are still not able to advancement of monetary policy in Iraq.

The governor of the Bank Shabibi said in an interview for "Alsumaria News," that "the Iraqi Central Bank's policy is to attract money to our banks instead of lending to curb inflation in Iraq," adding that "the central bank is keen to make the interest rates higher or equal to the inflation that is in Iraq in order to encourage citizens to save and contribute to the flow of funds to the Central Bank instead of the flow of the market, which raises inflation in Iraq. " The governor of the Bank Shabibi said in an interview for "Alsumaria News," that "the Iraqi Central Bank's policy is to attract money to our banks instead of lending to curb inflation in Iraq," adding that "the central bank is keen to make the interest rates higher or equal to the inflation that is in Iraq in order to encourage citizens to save and contribute to the flow of funds to the Central Bank instead of the flow of the market, which raises inflation in Iraq. "

He Shabibi that "the Iraqi Central Bank is closely watching the market and the level of inflation in Iraq," adding that "the interest rates during these two months commensurate with the inflation that exists in Iraq." He Shabibi that "the Iraqi Central Bank is closely watching the market and the level of inflation in Iraq," adding that "the interest rates during these two months commensurate with the inflation that exists in Iraq."

The Central Bank of Iraq has been reduced over the past month interest rate one point to 6% to match the annual inflation rate in Iraq this year, amounting to 6% after the reduction in the month of June from 9 to 7% to match the decline in the rate of inflation, which reached 7% in 2009. The Central Bank of Iraq has been reduced over the past month interest rate one point to 6% to match the annual inflation rate in Iraq this year, amounting to 6% after the reduction in the month of June from 9 to 7% to match the decline in the rate of inflation, which reached 7% in 2009.

For his part, the central bank adviser said the appearance of Mohammed Saleh said that "the Iraqi Central Bank has succeeded in recent years in reducing inflation in the country from high levels to levels that helped Iraq to move the process of economic development," he said. For his part, the central bank adviser said the appearance of Mohammed Saleh said that "the Iraqi Central Bank has succeeded in recent years in reducing inflation in the country from high levels to levels that helped Iraq to move the process of economic development," he said.

Saleh pointed out in an interview with "Alsumaria News", "The annual inflation in the country dropped from 50% in the past years, to 6% this year after stabilizing the economic situation in Iraq," noting that "the process of stability and low inflation must be followed by the side of management reforms currency, including the introduction of information technology and reform the system of monetary management in the country. " Saleh pointed out in an interview with "Alsumaria News", "The annual inflation in the country dropped from 50% in the past years, to 6% this year after stabilizing the economic situation in Iraq," noting that "the process of stability and low inflation must be followed by the side of management reforms currency, including the introduction of information technology and reform the system of monetary management in the country. "

On the other hand considered that the benefit of "private banks in Iraq are still not able to advancement of monetary policy in Iraq, because there are two major problems, first is the fact that private banks in Iraq, family and small banks closed and does not accept the integration and expansion, with the second problem lies in the direction of anti - the free economic and private sector in Iraq, "noting that" there are some totalitarian ideas of some government departments that continue to suppress the private sector and economic freedom in Iraq, "he said. On the other hand considered that the benefit of "private banks in Iraq are still not able to advancement of monetary policy in Iraq, because there are two major problems, first is the fact that private banks in Iraq, family and small banks closed and does not accept the integration and expansion, with the second problem lies in the direction of anti - the free economic and private sector in Iraq, "noting that" there are some totalitarian ideas of some government departments that continue to suppress the private sector and economic freedom in Iraq, "he said.

The Chancellor confirmed that the benefit of the "Central Bank supports private banks by maintaining its integrity and to strengthen their capital to serve the development of the Iraqi economy according to the rules and laws." The Chancellor confirmed that the benefit of the "Central Bank supports private banks by maintaining its integrity and to strengthen their capital to serve the development of the Iraqi economy according to the rules and laws."

The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March, 2004 and incurred by the bank is responsible for maintaining price stability and monetary policy implementation, including price policies exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector. The CBI, with headquarters in Baghdad and has four branches in Basra and Sulaymaniyah, Irbil and Mosul, he founded the bank under the law of an independent Iraqi Central Bank of Iraq issued on 6 March, 2004 and incurred by the bank is responsible for maintaining price stability and monetary policy implementation, including price policies exchange and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector.


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pepper
03-09-2010, 03:44 PM
The Chancellor confirmed that the benefit of the "Central Bank supports private banks by maintaining its integrity and to strengthen their capital to serve the development of the Iraqi economy according to the rules and laws." The Chancellor confirmed that the benefit of the "Central Bank supports private banks by maintaining its integrity and to strengthen their capital to serve the development of the Iraqi economy according to the rules and laws."
This is very good, to strengthen their capital.Thank you Bronx!

Med
03-09-2010, 04:58 PM
Thank you Bronx, am glad to see you posting again. Sorley missed your help.