Central Bank: $ 3.25 billion average of trading in Iraqi banks

Central Bank: $ 3.25 billion average of trading in Iraqi banks

Sunday 5 August 2012

BAGHDAD – and babysit – the Iraqi Central Bank revealed that the average trading on the banks of Iraq’s $ 3.25 billion, a block 80% of the actual need of the market.
The deputy governor of Bank of the appearance of Mohammed Saleh in a press statement that “the average dollar trading in Iraqi banks $ 3.25 billion, a 80% fill the need of the Iraqi market.”

Saleh added that “the central bank’s ability to fill the market need to worry, but these requests the Government and the House of Representatives and the central bank must therefore investigate these applications and their impact on the Iraqi economy.”

The Iraq includes 38 banks, of which 7 expenses of government-owned and 23 banks belonging to the private sector and 8 Islamic banks.

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector … p / i
Source: alrayy