CBI: financial institutions do not have the financial strength to repay the debt in the entity and the central
BAGHDAD / Center Brief for the Iraqi Media Network – The Central Bank of all financial institutions that do not have the financial strength to repay the debt of the entity and to the Central Bank, whether government or private banks.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh (Brief Center for the Iraqi Media Network) that “the central function is to provide the overall climate for financing the amounts of financial institutions, adding that the bank touches the weakness of these institutions to pay the debt owed them to the Central Bank.”
Saleh added that “the Bank to establish regulations and new regulations for financial institutions that fail to pay the debt of the entity and for being considered an expansionary fiscal policy.”
According to Article 67 of the Law on the Central Bank to provide all banks with a capital by the state. .
The Bank of Iraq includes 38 banks, of which 7 are owned by the Iraqi government and 23 subsidiary bank to the private sector and 8 Islamic banks.