Parliament meets with the Central Bank and banks to discuss financial crisis

Parliament meets with the Central Bank and banks to discuss financial crisis

Wednesday 03-02-2016 | 4:02:19

Parliament meets with the Central Bank and banks to discuss financial crisisTwilight News / Search the Iraqi parliament on Wednesday, with the central bank and managers of banks government plans to overcome the current financial crisis.

This came during Vice President of Iraqi Council of Representatives Iaram Sheikh Mohammed, a meeting with the Governor of the Central Bank on the Keywords and Mohammed Hadi Karim Director General of the Agricultural Bank and Kazem Mohammed fistula Director General of the Industrial Bank, During the meeting, which was attended by heads and representatives of Kurdish blocs in parliament and members of the parliamentary finance committee discuss the procedures and plans to ensure support for the Iraqi government to overcome the financial crisis.

He said Sheikh Mohammed, in a statement on the importance of the central bank seeks to secure liquidity and prevent the creation of the beneficiaries of the crisis on the market and the expense of the economy.

“We old fiscal policies exceeded, methods and work hard it possible to provide aid and loans to citizens in all governorates of Iraq and the Kurdistan Region and the financing of their projects to the recovery of the domestic market, and encircle the repercussions of the economic crisis that caused the drop in oil rates in the world.”

For his part, on the Keywords that the Central Bank has taken all measures in order to support the citizens and the private sector, especially in this period, adding that the bank launched a $ 6 trillion Iraqi dinars for agricultural, industrial and real estate for banks and granted to citizens by small, medium and small-sized enterprises, in order to move the market and create new opportunities to work.

Participants in the meeting agreed on the need to take practical and serious steps to support the citizens, as has been discussed a number of files, particularly the importance of maintaining the stability of the Iraqi dinar and support against other currencies, and the development of the banking system and the control of the Iraqi dinar exchange rate.