Governor of the Central Bank will meet representatives of the Saudi Islamic Development Bank in Jeddah

Thursday, 28 May 2015 17:44


Alsumaria News / Baghdad
Search Iraqi Central Bank Governor Ali Mohsen Ismail, Thursday, with representatives of the Saudi-based Islamic Development Bank Group and future projects in Iraq that can contribute to the group.

The central bank said in a press statement received Alsumaria News copy of it, "President of the Islamic Development Bank Group, Dr. Ahmed bin Mohammed Ali held a meeting, at the headquarters of the bank in Jeddah today, with the Governor of the Central Bank of Iraq, Acting Governor of the Islamic Development Bank for the Republic of Iraq, Dr. Ali Mohsen Ismail to discuss existing projects and future projects in Iraq which is expected to IDB Group which contribute ".

The central bank added that "Chief Executives and representatives of the Bank Group institutions have made during the meeting About cooperation relations with Iraq and the possibility of developing those relationships, whether with the government or the private sector."

And the bank in its statement that "the Governor of the Central Bank of the Islamic Bank visited the invitation he received from the President of the Islamic Development Bank Group in order to strengthen the bonds of cooperation between the IDB Group and the Republic of Iraq for the services you provide IDB public and private sector group."

The Central Bank of Iraq agreed on Tuesday (19 May 2015), to launch trillion dinars for private banks to finance projects loans, indicating that it was approving instructions regulating the work of guaranteed bank loans companies.

The Central Bank of Iraq, in December 21, 2014 that it continues to cover all the requirements of the cash conversion and sale at the auction, adding that he believes in the importance of the private sector and its role in rebuilding Iraq.


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