Central Bank: the success of the first phase of the plan to increase the money banks

04/09/2012 09:33
BAGHDAD / Center Brief for the Iraqi Media Network - said the Iraqi Central Bank that the first phase of his plan to increase the capital of private banks achieved its objectives through attainment banks for capital at a minimum 150 billion dinars, and as he emphasized the reluctance of banks for the first phase, it was revealed granted for 60 days to achieve the minimum capital visit.

The deputy governor of the Bank the appearance of Mohammed's (Brief Center for the Iraqi Media Network) that "the first stage of raising capital of private banks ended with great success," noting that "the first stage has achieved 98% of its objectives."

The deputy governor added that "28 of the total 30 banks banks were able to reach the capital set by the Central Bank and $ 150 billion dinars last until June."

And that "banks only backward achieve the requirement of the Central Bank and Omhla 60 a day to reach the capital of 150 billion dinars," revealing that the second phase of the plan started immediately after the first phase. "

He continued that "the second phase include the reach of private banks up capital to 250 billion dinars minimum in June 2013."

The main tasks of the Iraqi Central Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.


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