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BatmaninIraq
01-31-2016, 03:05 AM
To encourage citizens to deposit their money in banks .. government raises interest rates to 18%


A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.

The source said in an interview with "Sky Press," that "the government has issued several proposals to address the financial crisis experienced by the country, and decided to raise the interest rate on deposit money in banks to 18%.

"He added that "this step will encourage citizens to deposit their money in banks, which will make it easier to deal with the crisis that hit the country as a result of lower oil prices"

.But the parallel detection of citizens and traders for "Sky Press," for "Dar Al Salam Bank Ahli" failure to extradite Mbalghm deposited with him under the pretext of state austerity experienced by the country, and among appealed to the Ministry of Finance to intervene in order to money exchange, warned of the disruption of their businesses.

The religious authority called on Friday, the Iraqi government to engage the assistance of local and international to develop a "contingency plan" in order to cope with the financial crisis, which amounted to "a dangerous level",

as demanded by taking austerity measures against "unnecessary expenses" for the ministries and not the general public right.It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, and Anfaqath in the war against al "Daash",

as he emphasized Prime Minister Haider al-Abadi, in the November 18, 2015, that Iraq will emerge from the financial crisis in a stronger, adding that he found offline to strengthen the economy and not total reliance on oil.