29/03/2011
Central Bank: The financial markets enhance the country's economy, capitalism
Baghdad, The Central Bank of Iraq on Tuesday that the opening of stock markets in the provinces will enhance the capital of Iraq.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "capitalism Iraq rises the more the government's efforts at the opening of financial markets in the provinces because they contribute to the increased demand for hard currency are clear." Defines capitalism as an economic system economically scarce resources in terms of open market competition purely between individuals to exploit them efficiently.
Saleh added that "the proportion of the high demand for hard currency from the private sector means that the economic situation of Iraq is moving towards the right path."
And the central bank in 27 of this month that the capital of Iraq amounted to less than 2% during the past eight years, and require access to 20% in support of the Iraqi economy better.
Saleh pointed out that "the survival of capitalism Iraq per 2% do not continue to rise unless more is the opening of financial markets in the Iraqi provinces were also recently at the opening of financial market in the Kurdistan region and the province of Basra."
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Central Bank: The financial markets enhance the country's economy, capitalism
Baghdad, The Central Bank of Iraq on Tuesday that the opening of stock markets in the provinces will enhance the capital of Iraq.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "capitalism Iraq rises the more the government's efforts at the opening of financial markets in the provinces because they contribute to the increased demand for hard currency are clear." Defines capitalism as an economic system economically scarce resources in terms of open market competition purely between individuals to exploit them efficiently.
Saleh added that "the proportion of the high demand for hard currency from the private sector means that the economic situation of Iraq is moving towards the right path."
And the central bank in 27 of this month that the capital of Iraq amounted to less than 2% during the past eight years, and require access to 20% in support of the Iraqi economy better.
Saleh pointed out that "the survival of capitalism Iraq per 2% do not continue to rise unless more is the opening of financial markets in the Iraqi provinces were also recently at the opening of financial market in the Kurdistan region and the province of Basra."
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
