Karbala Chamber Of Commerce Calls For The Central Bank To Cut Interest Rates
| June 12, 2012 | Filled under Other News |
Karbala / JD / .. Chamber of Commerce called Karbala, the Iraqi Central Bank and other commercial banks to cut interest rates in line with the international system in force.
He said a member of the Karbala Chamber of Commerce during an interview with the correspondent / agency JD / “we put the book to the Central Bank of Iraq to develop a mechanism of reduction of the benefits of their lending.”
Hassan added zinc, “the Iraqi banks and trade within the country calculates the interest rate of up to (9%) as a condition for financing trade and investment activities which is exaggerated.” He explained, “Most of the banks and banks in the world put the proportion of interest on commercial loans from (2-3%) only.
The member of the room to, that” had previously hosted the Chamber of Commerce Karbala Director of Iraqi banks, Mr. Abdul-Hussein al-Yasiri was tossing him about this matter, did not remember the results come out.”
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