The Central Bank is announcing plans to attract the money raised and blown up by the banking system
Governor of the Central Bank Ali Alalak "Economy News"
Economy News Baghdad:
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," the bank's governor Ali Alaq said in a press statement.
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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