03/08/2012
Central Bank: The financial institutions do not have the financial strength to repay the debt in the entity and the central
Baghdad, Center Brief for the Iraqi Media Network - The Central Bank said all financial institutions do not have the financial strength to repay the debt of the entity and to the Central Bank, whether state banks or private.
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh (Center Brief for the Iraqi Media Network ) that "the function of the Central is to provide the overall climate for financing institutions, the amounts of financial noting that the bank touches the weakness of these institutions to pay the debt owed them to the Central Bank."
Saleh added that "the Bank to establish regulations and new regulations for financial institutions that fail to pay the debt of the entity and for being considered a political expansionary fiscal. "
According to Article 67 of the Law on the Central Bank to provide all banks with a capital by the state. . The Bank of Iraq includes 38 banks of which 7 are owned by the Iraqi government and 23 subsidiary bank to the private sector and 8 Islamic banks.
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