##### CBI: Allow the Rafidain and Rasheed open bank credits starting from Monday

BAGHDAD / obelisk: CBI decided, Sunday, that the Rafidain and Rasheed open bank credits, starting on Monday, while pointing out that the move was aimed at the development of the banking system and the expansion of credit.



A source in the bank for "obelisk", "The Iraqi Central Bank Governor agency Abdul Basit Turki held a meeting with general managers in the bank," noting that "the meeting led to the establishment of the Rafidain and Rasheed direct opening credits, starting on Monday."



The source added that "the goal of the opening credits is the development of the banking system and further expansion in opening letters of credit," pointing out that "the Rafidain and Rasheed were not share the central bank auction and adopted traders to private banks to open credit bank for the purposes of import cover the cost of buying their goods."



The source added, "This decision will allow banks to civil government in addition to open letters of credit."


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