The Central Bank announces plans to attract money and pump it into the banking system
The Central Bank announces plans to attract money and pump it into the banking system
Date Posted 11/09/2017 01:03 PM
The Central Bank of Iraq announced on Monday plans to attract citizens’ money and pump it into the banking system.
“Stagnation is a problem and a source of concern for many countries, especially after the latest technological developments and the subsequent achievements and huge savings in the incomes of the elements of production,” said Al Ali.
Al-Alak added that “the Central Bank observes this phenomenon directly and that the available cash is not available and as planned,” noting that “the Central Bank has a scheme to resolve this issue through the development of plans and studies to attract funds and their attractions within the banking system.”
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