Iraqi Dinar Discussion Board

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Deputy Governor of the Central Bank calls for increased funding opportunities Equities




بغداد ـ الصباح Baghdad morning
اكد ي د. The Deputy Governor of the Central Bank d. ا Ahmed Brihi need to increase equity funding opportunities, through the expansion of the corporate sector
غم قتصاد العراقي. He said in a statement to Al (morning): The current companies, although I have said it before but did not try issuing bonds in spite of their importance in funding and the corporate sector demands advancement in turn because it is still limited capitalization in the Iraqi economy.
واورفية واللمي 1فجوة. He explained that the value of equity capital to national income ratios found in the lengths of the world where all banking assets and existing shares in the market and bonds for the missing father more than 20 percent of national income while the world average 165 percent You can imagine the size of the gap.
ودي لذاته. He said that the countries have not developed administrative orders or decrees from the Ministry of the elites, but there are businessmen and academics, engineers and owners of capital and learnt how to build their country in a reference to the need to activate the private sector to itself.
وفي د. In the same context, describing Deputy Governor of the Central Bank of Iraq d. اقي. Ahmed Brihi initiative of the Ministry of Finance for allowing private banks to open credits and dealing with the ministries of the State as a good step on the road to activate its role in the advancement of the Iraqi economy.اععية. He urged the banking sector to engage all products recognized and contribute to the financing of new lines that will help the Iraqi economy for the rehabilitation of industrial enterprises.
واكد تعااتجاه. The cooperation and support of the central banks of pointing to the satisfaction of banks and the Ministry of Finance initiative in this direction.
وحاسة رصينة. On the question of the (morning) for the value of the Iraqi dinar said: "The Iraqi forces Aldnyar characterized by high confidence of the business sector and citizens and foreigners know the moneychangers Iraqi dinar backed balances and large international reserves and the policy serious.
بريهأ Brihi He noted that the Central Bank started
تخففض Reduction of the interest rate to 19 percent promised this measure of inflation linked to the size of pointing out the central policy aimed at reducing
التضخم. Inflation.
. He said inflation has fallen to very adequate levels in recent months and continued emphasis on the follow-up because the monetary policy system integrated If stabilized rate of inflation at acceptable levels, the Central will try to reduce the interest rate.
وبشتها. And on the question of (morning) on the impact of interest rates on economic process, said: "The banks are not the only source of financing, but other parts of the financial market are also claim the advancement of Companies is still limited capitalization in the Iraqi economy and true when interest rates are high cost of high finance But inflation problem requiring costs to address them.
دولي. , The Central Bank said that it will be published statistics and financial statements and related statistics macroeconomic Iraq for the first time in more than thirty years in the bulletin issued by the World Bank.ل. The Bank said in a statement issued recently that it will publish statistics on the Iraqi economy overall in Group and the International Financial Statistics in the periodic bulletin of the International Monetary Fund starting from the beginning of March.تماً. He (it is the first time since 1977 that Iraq enjoy this advanced level of the publication and circulation of information macroeconomic especially after missing pages from Iraq any useful information and withheld from the international community for a period of over thirty years.
واوضح اولي.... The statement said that the publication of these data "opened a new era of integration in the international community .... وا في التقالدولية”. The classification gives Iraq ahead in the evaluation of international development and transparency as well as relevant markets and deepening international financial and economic institutions. "

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