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Central Bank: Islamic Bank will support the establishment of fact, the country's banking
Special Baghdad Post
Confirmed adviser to the CBI that the establishment of an Islamic bank will support the government banking reality in the country.
He said the appearance of Mohammed "Baghdad Post" that "the establishment of an Islamic bank will support the government banking and trading process enhances the ability of the system by large payments to the Iraqi face of economic challenges."
He added that "the Ministry of Finance decided to open an Islamic bank with a capital of 250 billion dinars at a minimum, which Sésm to expand Islamic banking, trading in line with the movements of the Iraqi capital."
He noted that "the Ministry of Finance has also decided to open the windows in the Rafidain and rational trading of Islamic banking, which will contribute to strengthening the role of Islamic banks in the country."
And revealed the Iraqi government in July 2 announced that it decided to establish an Islamic bank government supervised by the Central Bank of Iraq and is administratively linked to Ministry of Finance. The Economic Commission representative had announced earlier that the Islamic banks to Atsem in raising the level of economic development in the country. The total capital money banks, Iraqi Special billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country.
The Central Bank of Iraq said, Wednesday, the past that the high inflation rate 0.01 for the month of November compared with November last month will not affect the value of the Iraqi dinar.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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