Monday 03/26/2012
Baghdad (news) .. Economic ills analyst Ibrahim al-Mashhadani, the reasons for the lack of capital of private banks due to the Iraqi lack of means to encourage savings and bid farewell to the money by the citizens and owners of the money from the rich class in the community, which led to the absence of the actual role in the investment activity of the country.
He said al-Mashhadani (of the Agency news) said on Monday: there are no means encouraging result which to bid farewell to the money to the banks by the rich or the owners of the money abundant frozen citizens, such as increasing the interest rate on funds deposited, or the so-called "saving" by the central bank, in addition to not giving a good image of banks by the civil monetary policy and the federal government, which led to a lack of trust between the public and banks.
He added: should the central bank increases interest rates for amounts on deposit in Iraqi banks, for the purpose of paying the owners of wealth to bid farewell to their money in banks and invested in projects that serve the country like some of the world, pointing to the existence of big money frozen by some citizens without investment.
He criticized the economic analyst: the work of banking policy in Iraq, by reducing the interest on money deposited in banks, making the most of the citizens' retreat to the banks to withdraw their money, and this led to confusion in the banking business and make it inactive.
It is noted that the interest assessed by the Central Bank of the money deposited in banks (3%) annually. / Finished / 8. For. M /
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He said al-Mashhadani (of the Agency news) said on Monday: there are no means encouraging result which to bid farewell to the money to the banks by the rich or the owners of the money abundant frozen citizens, such as increasing the interest rate on funds deposited, or the so-called "saving" by the central bank, in addition to not giving a good image of banks by the civil monetary policy and the federal government, which led to a lack of trust between the public and banks.
He added: should the central bank increases interest rates for amounts on deposit in Iraqi banks, for the purpose of paying the owners of wealth to bid farewell to their money in banks and invested in projects that serve the country like some of the world, pointing to the existence of big money frozen by some citizens without investment.
He criticized the economic analyst: the work of banking policy in Iraq, by reducing the interest on money deposited in banks, making the most of the citizens' retreat to the banks to withdraw their money, and this led to confusion in the banking business and make it inactive.
It is noted that the interest assessed by the Central Bank of the money deposited in banks (3%) annually. / Finished / 8. For. M /
Link
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