Iraqi Central Bank call to sustain monetary policy

The Central Bank of Iraq, called the banks to sustain monetary policy trends in the provision of credit and bank financing.

The statement of the National Centre for Information on the presidency of the Cabinet. The Independent News Agency Voices of Iraq(Aswat Al Iraq) received a copy of this announcement , that Central Bank of Iraq today called on "the banks to market orientation for the attribution of trends in monetary policy in the provision of credit and bank financing required by the state of targeting the unemployment And economic stagnation. "

The statement quoted the official source at the Central Bank as saying that the bank "decided that the compulsory reserve rate of 25% on bank deposits of all deposits, whether governmental or civil distributed by 5% in cash kept in the coffers of banks and 20% deposited in their accounts with the Central Bank of Iraq and dealing According to instructions and mechanisms currently used in this regard.