Central Bank: banks still saddled with civil and governmental Barth old transactions



04/07/2012 04:14

Baghdad/expert Centre for the Iraqi media network- Central Bank stressed the Iraqi banks still saddled with civil inheritance in the underdeveloped banking, indicating that the State should make banks to investment file.

He appearance of Bank Deputy Governor mhamdl (features & Centre for the Iraqi media network) that "Iraqi banks still saddled with civil inheritance in the underdeveloped banking and lending did not contribute to the development of investment projects to the country's economic structures."

"The Government should work with the market and this would state banks with El Agheila private banks to invest in the interests of the national economy."

The Central Bank earlier agreed with the Finance Committee in the Chamber of Deputies on the restructuring of the financial system for the largest banks, namely Rafidain and Rasheed as well as private banks.

Tasks of the Central Bank of Iraq to maintain price stability and the implementation of monetary policy, including exchange rate policies and foreign exchange reserves management and regulation of the banking sector.

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