*********** Central Bank decides to support the liquidity of the banking system and facilitates the sale of foreign currency measures late

BAGHDAD / justice - 01/28/2015 - 2:00



The CBI on Tuesday decided to support the liquidity of the banking system and facilitates the sale of foreign currency to reduce the budget deficit procedures.

According to a statement of the bank said yesterday that "the Board of the Central Bank discussed Minutes special on 25/01/2015 financial situation in Iraq and the wider deficit in the general budget and decided to take measures crisis to support liquidity 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 promote sustainable development and providing job opportunities and achieve Alrkhaq.

 "He continued," The Council also decided to simplify the sale of foreign currency measures {Money and Cash} in order to facilitate the perpetuation of market stability and exchange rate "is noteworthy that Iraq is going through a financial crisis due to lower global oil prices, which have negatively impacted on the the general budget and a deficit in it.

"With Congress likely to be next Thursday as the date to vote on the 2015 budget that after a round of discussions and actions to reduce the deficit.


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