Advisor to the Prime Minister: the central bank will not lend to the government in the event of low budget
Advisor to the Prime Minister: the central bank will not lend to the government in the event of low budget
Thursday, 25 December 2014 12:21
Alsumaria News / Baghdad
confirmed the prime minister for economic affairs adviser to the appearance of Mohammed Saleh , on Thursday, the central bank will not lend to the government in the event of low budget Iraq public, while noting that the bank heading to activate the budgets of development banks and funds housing. Saleh said in an interview for “Alsumaria News “that” Article 26 of the Bank Act of 2004 explicitly confirms that he is not permitted to the Iraqi Central Bank lending to the government in the event of low public budget for Iraq. ”
Saleh added that he “can bank lending market by lending to the activities of development and the form in which it activates the economy,” pointing out that “the bank went to activate the budgets of development banks and funds housing.” The new law, the Central Bank of Iraq No. 56 for the year 2004 despite the objection of private banks on some of its articles, but he granted independence of the central bank’s monetary policy in the administration of Iraq.
alsumaria.tv
