Saleh: The benefits of loans threaten the Iraqi economyVisits : 13

Saleh: The benefits of loans threaten the Iraqi economy

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, called on Wednesday, the boards of directors of Iraqi banks, to reduce the interest rate on loans.

Saleh said in a statement to the Iraqi News Agency "conscious", followed by "Al-Ghad Press", that "the economic problem of Iraq lies in the fact that the interest rates are high for many reasons, the most important of which is the liberalization witnessed by the banks, as it was given the freedom to manage the Banking Council to determine the interest on loans and deposits in The central bank, at one participation, is called the monetary policy interest that banks borrow from the bank.

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