Central Bank of Iraq: a policy of attracting funds and not vice versa

* Central Bank of Iraq: a policy of attracting funds and not vice versa
March 11, 2010 · Posted in NEWS
Babuz: The Governor of the Central Bank that the Bank’s policy is to attract funds to Iraqi banks and not vice versa, to reduce inflation in Iraq. He said the central bank is keen to make the interest rates higher or equal to the inflation that exists in Iraq, in order to encourage citizens to savings and contribute to the flow of funds to the Central Bank instead of the flow of the market, which is fueling inflation in the country. Watching the Iraqi Central Bank closely the movement of the market and the level of inflation in Iraq.

http://www.babnews.com/inp/view.asp?ID=18944