More than 4 trillion dinars Off fiscal surpluses need to be invested.

[Dinar_o'saurs]

Electronic integrity - Baghdad


Revealed by the Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun cash surpluses that were in the five large private banks the end of last year (31/12/2012) up to 3.2 trillion dinars increased to 4.7 trillion dinars in the first half of this year This means that the issue is on the rise, a Miacher imbalance because the money to not use properly, adding that this matter is an indication of a very important as if he could market the use of these funds noting the existence of imbalance must be addressed by the authorities and the authorities concerned What does it mean that there will be banks where of money مايكفي and flooding and Atjd market able to absorb the money that the process would be useful rewarding without the slightest doubt.

Hassoun called for the need to address this imbalance by the parties and the relevant authorities such as the Central Bank of Iraq.

He said Hassoun that if it wanted any company implementation of an industrial project or agricultural or tourist, they need a large capital as if the 100 billion dinars, or 200 billion dinars, it certainly can not secure these amounts of capital and have to use banks other pointing out that all economic actors small or large does not dispense with the support and funding and this is the task of the banks and not for the purpose of storage and retention. He reiterated that the money should be used in the implementation of projects and investments, but you need to insurance cover by the Central Bank.

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YEP