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Tag Archives | Banking System

Iraq Cuts Banks’ Reserve Requirement to 15%

By on 24th August 2010 in Iraq Banking & Finance News

Iraq’s central bank has decided to cut commercial banks’ reserve requirement to 15 percent from 20 percent, in order to spur bank lending as core inflation continues to slow, Reuters reported on Tuesday, citing a Central Bank of Iraq official. Mudher Kasim, a senior advisor in the bank, said the central bank made the move […]

CBI: Hard to Manipulate Iraqi Banking System

By on 7th June 2010 in Iraq Banking & Finance News

Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]