[gankans] Long time....
[jtudor] gankans Good morning
[gankans] Cool article....
[TamRon400] gankans morning
[gankans] Trade Bank of Iraq lowers the interest rate on loans January 10, 2012 The Director of the Trade Bank of Iraq, Hamdiya dry, said that the funds granted were divided between the industrial projects of small and medium-sized enterprises, as well as investment projects, pointing to the bank seeks to increase the size of these funds during the year 2012.
[gankans] She drew the dry during an interview conducted with Radio Free Iraq that the Iraqi Trade Bank decided to cut the interest rate on loans granted for up to 10% of the Iraqi dinar, and 8% for the dollar, noting that this procedure would help to encourage investment in Iraq.
The director denied the Trade Bank of Iraq and there are no complications in the process of giving loans to businessmen and the private sector, stressing that the bank checks only in the feasibility of projects to be implemented by giving the guarantee or loan.
Read More Link On Right
[gankans] January 2, 2012 The Central Bank says it will not allow the Iraqi dinar to depreciate and has been selling hundreds of millions of dollars to keep the currency stable.
The Iraqi dinar weakened in December last year, prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets. The bank did not say what brought the dinar to plummet to lows it had not seen for years, but officials privately say the plunge might have been due to political uncertainty in the region.
Mudher Saleh, Central Bank’s deputy governor, has said there were no sound economic reasons for the currency’s weakening.
[gankans] The bank coffers are said to be brimming with hard cash from oil sales. Saleh said the bank would not let the dinar fall and in one day in December last year it sold $200 million on the open market to squeeze liquidity. “We withdrew in one single day about one quarter of a trillion dinars, thereby brining stability to the currency,” Saleh said.
Read More Link on Right
January 4th, 2012 07:54 am · Posted in CHATS & POSTS (Iraqi Dinar Info)