New CBI announcement 01/27/2015

[yota691]

News and Announcements

 

• ( press release ) in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, and in light of the financial challenges faced by the country, the Department of the Central Bank Council approved the proposals made ​​by the inter bank's board. 
  27/01/2015

• ( press release ) discussed the Council of the Iraqi Central Bank Directors' special on 25/01/2015 financial situation in Iraq, and the large budget deficit. 
  27/01/2015

 

[yota691]

Here part of it...Central Bank decides to support banks five trillion dinars and finance the budget six trillion dinars

 

Tuesday January 27, 2015 12:37

 

 

 

 

 

Alsumaria News / Baghdad, 
the Iraqi Central Bank decided Tuesday commercial banks to support five trillion dinars and finance the budget six trillion dinars. The bank said in a statement, "Alsumaria News" received a copy of which was "in line with the central bank's tasks and responsibilities in supporting the development and stimulate the Iraqi economy, and agreed Management Board of the Central Bank, among the proposals made ​​by the Bank's management, including specialized support liquidity of commercial banks in the amount of five trillion dinars to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation. "
 

 

 

The bank said it was "also decided to finance public Budgeting state $ 6 trillion dinars run through 50% of the deposits of commercial banks reserves with the Central Bank of Iraq," noting that "he also decided to buy back treasury bonds from the secondary market, where the central bank will buy about ( 5) five trillion dinars first of those bonds as a stage. " The bank said that "the actions taken by the Bank for upholding the private reserves of the Central Bank of Iraq." The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, in (December 25, 2014) that the Bank of Aakarz government If the low budget Iraq General indicating the direction to activate the budgets of development banks and funds housing. The new law, the Central Bank of Iraq No. 56 for the year 2004 despite the objection of private banks on some of its articles, but he granted independence of the central bank's monetary policy in the administration of Iraq.

Read more: http://dinarvets.com/forums/index.php?/topic/195476-central-bank-decides-to-support-banks-five-trillion-dinars-and-finance-the-budget-six-trillion-dinars/#ixzz3Q17OyJO8

[yota691]

Central Bank decides to facilitate the sale of foreign currency measures to reduce the deficit

 BAGHDAD - Iraq Press - January 27: The Central Bank of Iraq announced support liquidity of the banking system and to facilitate foreign currency sale in order to reduce the budget deficit measures, alluding to "making a decision to facilitate the sale of foreign currency measures" Money and criticism "to ensure the stability of the market and exchange rate ".

 

He said in a statement that "the Board of the Central Bank discussed Minutes exceptional financial situation in Iraq and the wider deficit in the general budget and decided to take measures crisis to support liquidity in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing opportunities work and achieve prosperity. " Admiral ended 

Read more: http://dinarvets.com/forums/index.php?/topic/195482-central-bank-decides-to-facilitate-the-sale-of-foreign-currency-measures-to-reduce-the-deficit/#ixzz3Q1ZpbIey

[Big_J]

EXCELLENT!

[captl1]

Outstanding!! You are on a roll today Sir Yota!

[yota691]

Add this sent to me from Butifldrm...New Central Bank policy instruments Summary

[captl1]

[Nelg]

Keep it movin, movin, movin; keep those dogies movin . . . 

[wildeman]

 

Central Bank decides to facilitate the sale of foreign currency measures to reduce the deficit

 BAGHDAD - Iraq Press - January 27: The Central Bank of Iraq announced support liquidity of the banking system and to facilitate foreign currency sale in order to reduce the budget deficit measures, alluding to "making a decision to facilitate the sale of foreign currency measures" Money and criticism "to ensure the stability of the market and exchange rate ".

 

He said in a statement that "the Board of the Central Bank discussed Minutes exceptional financial situation in Iraq and the wider deficit in the general budget and decided to take measures crisis to support liquidity in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing opportunities work and achieve prosperity. " Admiral ended 

Read more: http://dinarvets.com/forums/index.php?/topic/195482-central-bank-decides-to-facilitate-the-sale-of-foreign-currency-measures-to-reduce-the-deficit/#ixzz3Q1ZpbIey

 

 

Thanks.

[Blyane]

Nice.  Progress in works!!!

[Laid Back]

CBI continues moving forward with the new monetary policy

Go CBI

Go dinar

Go strong $1.13:1