Mayahi Criticizing the Central Bank’s Decision to Exclude the Banks of the Currency Auction
|February 8, 2014||Filled under Other News|
Criticized member of the Committee on Economy and Investment parliamentary MP Aziz Shareef al-Mayahi, the decision of the Iraqi Central Bank after allowing banks to enter the market to buy the currency, but the condition put their money in full the bank, asking him not to convert the banks to the offices of banking. said Mayahi in a statement received Agency (news) a copy of it.
That ‘the central bank’s decision after allowing banks to enter the market to buy the currency, but the condition put their money in full Bank decision is surprising and Anjad in which any economic feasibility could be of benefit in the short and long run.’ and added that ‘banks are investor important and vital role in Iraq and the lies they have a responsibility in supporting development projects by moving the capital in the domestic market, which gives more incentive for investors to competition and the development of style, including raising the efficiency of the market and investment alike.
And continued: “handcuff banks such restrictions and prevent it from moving their money in the market and freeze in the coffers of the Central Bank rather than Bank support to those banks with cash to stimulate their work is something strange and Anjad where any benefit to the economy and will shed Bdilalha negative impact on the overall situation and make those banks like the offices of banking whose sole job is to convert the currency no more.”
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