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View Full Version : Central Bank of Iraq: a policy of attracting funds and not the opposite



Brownbaby
03-11-2010, 09:20 PM
Link: http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.iraq4allnews.dk/econemy/4804-2010-03-11-16-03-03.html&rurl=translate.google.com&usg=ALkJrhiTjYvYrO65sKzHAFcG2LSlwaeOXQ

Central Bank of Iraq: a policy of attracting funds and not the opposite (http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.iraq4allnews.dk/econemy/4804-2010-03-11-16-03-03.html&rurl=translate.google.com&usg=ALkJrhiTjYvYrO65sKzHAFcG2LSlwaeOXQ)

Author WAI - Cairo Office


Thursday, March 11th, 2010 17:56

(http://www.iraq4allnews.dk/images/stories/16%2820%29.jpg)
The Governor of the Central Bank that the Bank's policy is to attract funds to Iraqi banks and not vice versa, to reduce inflation in Iraq.

He said the central bank is keen to make the interest rates higher or equal to the inflation that exists in Iraq, in order to encourage citizens to savings and contribute to the flow of funds to the Central Bank instead of the flow of the market, which is fueling inflation in the country.

Watching the Iraqi Central Bank closely the movement of the market and the level of inflation in Iraq