Central Bank of Iraq: Iraq has succeeded in providing cover for foreign currency

[rocketman2010]

Central Bank of Iraq: Iraq has succeeded in providing cover for foreign currency

. Baghdad, 10 March (Rn) - The Central Bank of Iraq adviser said on Thursday that the bank has succeeded in providing financial cover for foreign currency in addition to that he managed the success of price stability of the Iraqi dinar.

ـ". He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank was able to success by providing a cover for foreign currency, notably in successful monetary policy and compatible with the nature of the Iraqi economy."

". He added that "monetary policy pursued by the Central Bank of Iraq focuses on the need to deepen the financial system in Iraq through the revitalization and modernization of a permanent Iraqi banks and other financial institutions."

". He explained that "the Bank is working according to the vision of monetary and financial fit with the nature of the Iraqi economy and consistent with the general structure of the international economy that Iraq follow the steps in the economic advancement of the World as part of the global economy, not isolated him."

ي. The Central Bank of Iraq in the second of February last that the Board of Finance Sitoss payments in 2013, according to the plan developed by the Central Bank.

. The central bank last week that the government and private banks began using the electronic clearing system.

ة. And the World Bank allocated $ 10 million to restructure state banks and activate the electronic dealings.

. Announced earlier in the unit restructuring Iraqi banks for that unit has been extended and banks for a period of one year because of security concerns.ة. Iraq had decided in early 2006 to restructure banks in order to get rid of heavy debt.

. The Ministry of Finance of Iraq for its efforts during the next year to develop an integrated plan to develop e-government banks and financial relations in the activation of this aspect.

85 %. The Iraqi government is still limited in its financial transactions on the government banks approved by 85%.

. And called on the Ministry of Finance earlier in the Iraqi Central Bank to take resolute action in granting licenses for the establishment of private banks.

http://www.aknews.com/ar/aknews/2/223685/?tpl=advanced_search.tpl&S_type

[roxyredhead]

Thanks Rocketman!!!

[chuckray]

this subject has been here all day long--for 2 days

[rocketman2010]

this subject has been here all day long--for 2 days

Sorry chuckray I did not know

[chuckray]

Sorry chuckray I did not know

no problem--always multiple stories here

[Bobbydee]

This is good news no matter how long it's been here. The fact that they since last week have been using the electronic clearing system is excellent news. Thanks for the post rocketman. A big + for you. God Bless Semper Fi