Conscious / Baghdad Chamber of Commerce calls for the central bank to stop the receipt of deposits from banks

[sunshinelvr]

Conscious / Baghdad / h. B

29/7/2010 10:54 am

Baghdad Chamber of Commerce asked the CBI to stop the receipt of deposits from private banks.

An official source in the Baghdad Chamber of Commerce of the reporter (and the Iraqi News Agency Information / INA) The receipt of deposits by the central bank may lead to the degradation and decline in the investment process by the commercial private sector and will make the atmosphere of recession and stop the movements of trade and investment, adding that the banks the course of its deposits to send to the Iraqi Central Bank significantly affected the role of traders through a reduction in the amount of money in the market.

The source said the claim of the Central Bank room to stop receiving all kinds of deposits from private banks came in response to the above.

T / a. S

http://al-iraqnews.net/new/economic-news/19035.html

[cdiller5050]

So how does this affect those of us trying to open our Warka accounts? Anybody?

[Doc31]

Ok ... the Chamber of Commerce which is nothing but a franchised commercial business is attempting to influence the Central Bank of Iraq and make a "system" change. Really?

Does the NY Chamber ask the FRBNY to do such a thing ... sounds implausible to me.

Thanks for the post

Edited July 30, 2010 by Doc31