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View Full Version : Central Bank calls on citizens to the acquisition of national bonds instead of "Tknez



BatmaninIraq
02-01-2016, 08:50 PM
Central Bank calls on citizens to the acquisition of national bonds instead of "Tknez their money."



Called on the Central Bank of Iraq, on Monday, citizens to the acquisition of national bonds, which will present soon, instead of relying on "hoarding money", as he emphasized that those bonds will have "good financial benefits."

The governor of the central bank on the Keywords during a press conference in the Green Zone in central Baghdad, with a number of officials in economic affairs and attended (range Press), said that "national bonds would investigate citizen good financial returns," noting that "the Central Bank put interest on the bonds so that competes on foreign interest. "
He called on citizens to "the acquisition of national bonds, which will put it soon rather than adoption of hoarding money," pointing out that "the central bank wants to bring in the interest of the citizen through internal bonds instead of resorting to launch foreign bonds."

The Central Bank of Iraq announced earlier, take the necessary measures to boost liquidity in the banking system, and decided to facilitate the sale of foreign currency "to sustain the exchange rate" measures.

The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned it the "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and to diversify sources of income and achieve the investment more broadly to address the decline in oil prices.