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Long-Presse / Baghdad
Revealed the central bank governor on the Keywords, on Monday, for the bank to allow banks using 50% of the mandatory reserves in has to be used for the purchase of treasury remittances, as he emphasized that the value of treasury transfers purchased by those banks amounted to more than four trillion dinars.
The central bank governor said in an interview on the Keywords to (long-Presse), on the sidelines of a ceremony launching the strategy of the central bank from 2016 to 2020, he said that “the central bank is keen to support the Iraqi banking sector.”
Keywords and added that “the central bank allowed banks to use 50% of the mandatory reserves in the Central to be used for the purchase of treasury remittances,” noting that “the value of such remittances amounted to more than four trillion dinars.”