Saturday, July 24, 2010

Iraq's Central bank governor: We reject the accusations against the banks that deal with the World ..

snip ~ "noting that the process of lifting the zeroes will be gradual and thoughtful it without having any negative impact on the Iraqi currency"

What would be a negative effect?
1. A Lop would be a negative effect
2. Removing the 0's without a significant upward change in the exchange rate would have a negative effect


24/6/2010

Central bank governor: We reject the accusations against the banks that deal with the World ...

واع / بغداد / ح ب Conscious / Baghdad

Denied the Iraqi Central Bank Governor Sinan al-Shabibi force the Iraqi dinar has been affected by the process of lifting the zeroes that the central bank implemented during the coming period ...


... Noting that the process of lifting the zeroes will be gradual and thoughtful it without having any negative impact on the Iraqi currency.

This came during a news conference Attended by the reporter (and the News Agency Information

Iraqi / INA) held by the directors of the bank at the Rashid Hotel address the public policy of the Bank

And Altamlat carried out with banks, adding that the attack by an adviser to the Ministry of Finance of private banks and said it would go bankrupt for not tackling properly and non-compliance with the laws of the bank, is unrealistic and untrue Many banks have contributed to the progress of the sector banker, and there is no breach event of any bank, calling on banks not to charge at random, "he says."

That the banks in the Iraqi civil including Kabtal Alorca and Iranian banks have credits and name of the banking and capital great, and we reject any accusations because the bank is responsible for the transactions of these banks, and we are now and then to freeze certain sections and keep revisiting the open actions from transactional banking and there is no reproach to any Bank, especially those targeted by some quarters recently.


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