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I Get By With Alittle Help From My Friends....

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Bank of Iraq decides to cut interest rates

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Bank of Iraq decides to cut interest rates by 6% for the wholesale Iraqis
Conscious / Baghdad / h. B
26/8/2009 12:18 pm
Head of Baghdad Chamber of Commerce, Amjad Jubouri that after the last meeting of the members of the Board of Directors of the Bank of Iraq Decides to reduce the interest rate to 6% of the traders. "
He said in a statement Jubouri paid by the reporter (news agency the Iraqi media / conscious) that "Rafidain Bank decided to cut interest rates to 6% after the bank paid to the former 14% interest rates and this is deducted from the loans extended to dealers."
He pointed out that "the decision came in an effort to Baghdad Chamber of Commerce refused to take into account the level of Iraqi traders and objective view and health Rafidain for taking such decisions the new."
http://74.125.65.132/translate_c?hl=...GFh_yQGlQC-HZQ

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WOW 6% NOW!!!! wonder how that will effect inflation????

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