Keywords: central succeeded in reducing inflation and addressing farmers and contractors dues
Keywords: central succeeded in reducing inflation and addressing farmers and contractors dues
11/23/2016 18:01 pm (Baghdad time)
BAGHDAD balances News
The governor of the central bank on the Keywords that the bank has succeeded in ensuring price stability and the reduction of inflation and achieve the highest degree of financial stability as well as its role in the face of the financial crisis in Iraq and the treatment of farmers and contractors dues, and called on private banks, which exceeded the number to 30 private banks as well as 15 branches of banks Arab and foreign countries to promote their products and services.
This came during a business forum of the Iraqi banking sector titled (restore confidence and prevent money from banks withheld)
Which began in Beirut this morning in the presence of Central Bank Governor Dr. Ali Keywords and general secretary of the Union of Arab Banks and Sam Fattouh and head of the Iraqi private banks association Wadih Handal and vice president of the Bank of Lebanon and a number of Iraqi leaders Banking
He gave Governor of the Central Bank of Iraq, the word at the beginning of the forum reviewed the bank’s activities in promoting the work of the Iraqi private banks, which has seen a significant expansion as more units than the 30 private banks as well as 15 branches of Arab and foreign banks, while State-owned banks remained unchanged without expansion.
He stated that this expansion requires a lot of care and attention by the central bank, especially Maitalq Pthchinha in the face of problems
Keywords and pointed to the role of the Central Bank of Iraq in the face of the financial crisis in Iraq and the treatment of farmers and contractors dues.
Keywords praised the efforts of the Secretary General of the Union of Arab Banks, pointing out that “the existence of Lebanese banks in Iraq was largely the focus of our respect and appreciation, because the Lebanese banking sector has a long history and has faced big problems was able to overcome them.”
“I appreciate this banking Elhoudoralbannana that preceded the other countries were not present in only part of the business, but in the convergence of social Thafik myself between the two countries.”
Turning the governor of the Iraqi Central Bank to the Bank’s role in “the achievement of price stability and the reduction of inflation and achieve the highest degree of financial stability as well as its role in the face of the financial crisis and the requirements of the war with al Daesh terrorist.”
He also praised the role of the central bank “lend small and medium enterprises to achieve socio-economic growth,” declaring that he “is now expanding this initiative which he described the job.”
The governor pointed to “open the door of the government to deal with private banks through the decision to allow private banks to distribute the salaries of government employees.”
Turning to the “Lebanese banks have a problem with the Kurdistan region,” pointing to “the central bank reached an initiative with the province to pay cash dues that are paid instruments later.”
The Governor emphasized that “Iraq is fighting a last stage of the confrontation with terrorism,” expected to “witness the next phase of stable growth and recovery and economically significant in the whole of Iraq.”
He called on the governor of the Central Bank of private banks “to promote their products and services offered to customers in order to attract customers and give them more confidence,” .anthy 29 / tc n
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