_ (Post by Deb from The IQD Team)
Baghdad, March 10 / March (Rn) - The Central Bank of Iraq on Saturday that the International Monetary Fund is satisfied with the financial reforms implemented by the bank as part of his dealings.
Iraq had decided since the beginning of 2006 to restructure State-owned banks.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the International Monetary Fund expressed his conviction that the financial reforms carried out by Iraq at the level of banking and financial dealings and development."
He added that "Iraq see the International Monetary Fund with a bilateral agreement was signed between the two sides to strengthen the political development of banking and cash transactions."
Saleh pointed out that "the purpose of this Convention, including evaluation well for conditions in Iraq and the areas of financial reform of the accounting system and mechanisms of exchange in the budget."
The Iraqi government is still limited in its financial transactions on the government banks by 85%.
And the International Monetary Fund expressed recently his support of the Iraqi economy in the event of his a number of economic measures, including raising three zeros from the local currency.