********** Citizen and packages reforms

8/9/2015 0:00

Editor

Measures taken by the Central Bank of Iraq during the past period in the implementation of appropriate monetary policy of the country and managed to serve the Iraqi economy and dealing with the crises which, seem commensurate with the orientation of the current government and its president, Abadi in the reform package and the launch of the three, respectively.

The decision to put the bank first gold bullion for sale for those interested as a measure of economic savings for buyers and as a measure to provide the liquidity needed for the various economic transactions of the country,

Then adopted put forward delivery in the currency of dollar bills (bearer) on behalf of the Ministry of Finance and the total amount of two billion dollars, they are sold through the Bank in Iraqi dinars at a price (1095) dinars per US $ and payable by the Ministry of Finance at the end of the month of December 2016 and paid in dollars American at maturity.

Then launch an initiative to support the agricultural, industrial and real estate sector and housing fund banks with loans amounting to five trillion dinars. Which is a good step to revive the economic situation and liquidity and to avoid foreign loans, as well as the launch of a trillion dinars to lend to small and medium enterprises and this inevitably will pour in this
Goal.

Here should pay attention to the role of the Iraqi citizens and the national consciousness of the role required for the level of dealing with these economic measures package in this time of economic crises plaguing it threatens all of us and our future.

The Iraqis have proved that they are required amount of solidarity to overcome these pitfalls that put in the way of the desired development, where news about the overwhelming response by the citizens came to purchase, turnout has surpassed the level of Iqbal Egyptians to finance the purchase of the Suez Canal project bonds
New.




In contrast, «Central» proved to be a great deal of responsibility and appropriate horizon to deal with the crises of the country and the adoption of appropriate solutions, where remedied things since 2003 large such as accumulated debt problem on Iraq, the relationship with the banks and international institutions to the challenges, and organization and development of the domestic banking system, replace the currency, control of the exchange rate, to respond to the requirements of the new economic policy and the shift to economy....

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