Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Central Bank of Iraq launches mechanism to support local banks  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central Bank of Iraq launches mechanism to support local banks

Go down

Central Bank of Iraq launches mechanism to support local banks  Empty Central Bank of Iraq launches mechanism to support local banks

Post by IQD4US on Fri Dec 14, 2012 1:38 pm





Baghdad (AIN) -The Central Bank of Iraq decided to include a number of local banks in the foreign currency auction and increase the financial shares granted to the banking companies.

A statement by the CBI cited "Within the framework of the CBI's efforts to develop its monetary policy and support the national economy, the managing council of the Bank took many measures including attracting several local banks through opening the bonds and financing them by the CBI according to specific mechanism set for this purpose in addition to allow these banks to take part in the currency auction."

"It was also decided to grant the governor of the CBI power to decrease the US dollar price which is IQD 1179 for one dollar as an enhancement to the cost of the Iraqi dinar according to the requirements of the market," the statement concluded



http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=24439:central-bank-of-iraq-launches-mechanism-to-support-local-banks-&catid=37:economy&Itemid=41

the above link NOT to be confused with "aliraqnews" which is just another site like DDD
IQD4US
IQD4US
Elite Member
Elite Member

Posts : 1005
Join date : 2011-12-16

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum