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Tuesday, July 15, 2008 10:40:38 AM

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CBE: to deal in the sale or purchase of securities by the desire of banks
The Central Bank of Iraq that it will not deal in the future sale or purchase of securities by the desire of banks. An official source at the bank: "vulnerabilities were closed facilities and advances granted by the bank rather than solving the list of new facilities of lending and deposits adopted by the bank. He said:" We have entered Showing the legal reserve requirements may force the bank buys or sells according to the principle of competitive needs and purposes of monetary policy called open market operations. The source noted that the wording of the World previously served monetary policy tools in enhancing the ability of banks to manage liquidity short-term, continued: In terms of the bank monetary policy required to be evaluated according to variables, including the variety of intermediate curve returns.

http://www.almadapaper.com/paper.php?source=akbar&mlf=interpage&sid=46708

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