The central bank is ready to announce the launch of five trillion to stimulate the market

Author: Publisher on: June 28, 2015


Baghdad \ Center Brief for the Iraqi Media Network (IMN) - the central bank announced its readiness to launch five trillion dinars to contribute to the revitalization of the business market of Iraq, noting that the launch is dependent on the receipt of government instructions regarding the distribution of funds to the specialized banks process, as well as monitoring mechanisms in collaboration with the Economic Commission in the House of Representatives.

The governor of the Central Bank on the Keywords for (IMN) that "the central plays a big role, as well as attention to economic development, at a time that has seen inflation of previous years and the central role of the withdrawal of liquidity, but now the market is in a state of deflation so we inject liquidity to revive the Iraqi economy." .

"The money is ready and we are only waiting for the government give us instructions and the mechanism to follow up and monitor the money to be distributed to specialized banks," adding that "according to the Economic Commission will be allocated 2 trillion Industrial Bank and 2 trillion Agricultural Bank of the importance of these banks in the Iraqi market."

The Central Bank of Iraq fired one trillion dinars in the project micro-enterprise lending fund through private banks, in cooperation with the Iraqi private banks association, which will provide in this loan more than 20 000 loan for 250 thousand jobs and withdraw 30% of the widespread unemployment in the country .

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