CBI is funded by the state budget 6 trillion dinars

January 27, 2015 14:42

Cairo - direct: the Iraqi Central Bank agreed to finance the state budget by 6 trillion Iraqi dinars (equivalent to US $ 5.1 billion) through the operation of 50% of commercial banks' reserves deposited with the CBI has.

According to a statement directly obtained a copy of it, the central noted that the decision was in line with the bank's functions and responsibility in supporting the process of development and the memorization of the economy of Iraq, and in light of the financial challenges faced by Iraq.

It is noteworthy that the bank decided to take measures to boost liquidity crisis in the banking system so that it could carry out his duties usual At the same time the acquisition of government debt instruments so as to enhance sustainable development and providing job opportunities and achieve Alrkhaq. "

"The council also decided to simplify the procedures for the sale of foreign currency (bank and cash) in order to facilitate the perpetuation of the market and exchange rate stability."



http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.ahewar.org/news/s.news.asp%3Fnid%3D1940394&usg=ALkJrhgcv7uS-shIxWt_gTlZDqH54QzqVg

CBI supports commercial banks and buy treasury bonds



January 27, 2015 16:00

Iraqi Central Bank has agreed to support the liquidity of specialized commercial banks $ 5 trillion dinars to enable them to provide loans to industrial and agricultural and providing loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation.

According to a statement obtained by direct a copy of which has been the central and also agreed to buy back treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars first stage of those bonds.

Note that previous actions do not affect the Central Bank of Iraq Special Reserve.


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.ahewar.org/news/s.news.asp%3Fnid%3D1940394&usg=ALkJrhgcv7uS-shIxWt_gTlZDqH54QzqVg

Central Bank to take decisions in order to stimulate the Iraqi economy Tune 16 trillion dinars
CBI

27/01/2015 14:18

Tomorrow Press / Baghdad: approved the CBI, on Tuesday, the inter proposals in order to stimulate the economy, support the liquidity of banks included five trillion dinars and finance general budget, six trillions and trillions of five buy bonds as well.

The central bank announced in a statement received by "tomorrow Press" that "in line with the Central Bank of Iraq tasks and responsibility to support and stimulate the Iraqi economy and in light of the financial challenges faced by the country's central bank's management board approved the inter proposals made by the Bank's management."

The bank added that "the most important proposals support the liquidity of specialized commercial banks $ 5 trillion dinars to enable it to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation, as well as financing the state budget with a loan of $ 6 trillion dinars run through 50% of the reserves commercial banks. "

"The central bank also decided to buy Treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars in the first phase of these bonds," adding that "the above procedures for upholding the private reserves of the Central Bank."

Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock, below $ 48 per barrel, after it was $ 110.

Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran elder with Iraq at a lower price, as a result, the Iraqi government was forced to announce, an austere operations, generally in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Cabinet salaries 50%.


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://alghadpress.com/ar/news/26241/%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583-%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A-%25D9%258A%25D8%25AA%25D8%25AE%25D8%25B0-%25D9%2582%25D8%25B1%25D8%25A7%25D8%25B1%25D8%25A7%25D8%25AA-%25D8%25A8%25D9%2587%25D8%25AF%25D9%2581-%25D9%2584%25D8%25AA%25D8%25AD%25D9%2581&usg=ALkJrhj-5oTIQpTmhgIQZlBw82s6B0OPNg