04/02/2012
Baghdad, February 4 (Rn) - criticized the Economic Committee in the House of Representatives, Saturday, the Iraqi government and the government banks to non-cooperation with private banks, including their support before it opens the way for the introduction of foreign companies wishing to invest in the country.
And underline the largest two banks owned by the state and are the Rasheed Bank and Rafidain Bank on the banking system in Iraq, as it depends government institutions and private sector institutions on these two banks in financial transactions by 85%.
In Iraq, there about 36 small private banks with capital limited charge high interest and usually refuses to lending in the absence of an effective financial system.
The Chairperson of the Committee Vian intruder told the Kurdish news agency (Rn) that "the failure to provide support to the sector of private banks by the government banks and relevant authorities have a negative impact on the entry of foreign companies, investment into the country, especially if the private banks banks strong and solid and have money you can, during which to be a mediator or occluded for companies wishing to enter Iraq for investment. "
The Iraqi government had decided last September to form a committee aimed at supporting economic transactions in the private banks and the expansion of commercial exchanges, while the drawn plan to give private banks broad powers are balanced with the powers of government banks.
He revealed the Iraqi Central Bank earlier in the plan for twinning between Iraq and the banks of international banks to develop a system of payments in the banks of the country and the organization of trading in financial and monetary.
She explained that the intruder "on the banks of civil government attention as a step to expand the horizons of investment and give companies a new incentive to enter the Iraqi market."
And in 2006, Iraq decided to restructure the banking sector to allow direct investment in banks and get rid of the heavy debt burden on the major banks owned by the state after decades of war and economic isolation.
Iraq's economy is still separate from the global financial system is dominated by the oil where oil exports account for more than 95% of revenue.
Of the weighing-Shammari, the Open: Joseph Karwan
Link
Baghdad, February 4 (Rn) - criticized the Economic Committee in the House of Representatives, Saturday, the Iraqi government and the government banks to non-cooperation with private banks, including their support before it opens the way for the introduction of foreign companies wishing to invest in the country.
And underline the largest two banks owned by the state and are the Rasheed Bank and Rafidain Bank on the banking system in Iraq, as it depends government institutions and private sector institutions on these two banks in financial transactions by 85%.In Iraq, there about 36 small private banks with capital limited charge high interest and usually refuses to lending in the absence of an effective financial system.
The Chairperson of the Committee Vian intruder told the Kurdish news agency (Rn) that "the failure to provide support to the sector of private banks by the government banks and relevant authorities have a negative impact on the entry of foreign companies, investment into the country, especially if the private banks banks strong and solid and have money you can, during which to be a mediator or occluded for companies wishing to enter Iraq for investment. "
The Iraqi government had decided last September to form a committee aimed at supporting economic transactions in the private banks and the expansion of commercial exchanges, while the drawn plan to give private banks broad powers are balanced with the powers of government banks.
He revealed the Iraqi Central Bank earlier in the plan for twinning between Iraq and the banks of international banks to develop a system of payments in the banks of the country and the organization of trading in financial and monetary.
She explained that the intruder "on the banks of civil government attention as a step to expand the horizons of investment and give companies a new incentive to enter the Iraqi market."
And in 2006, Iraq decided to restructure the banking sector to allow direct investment in banks and get rid of the heavy debt burden on the major banks owned by the state after decades of war and economic isolation.
Iraq's economy is still separate from the global financial system is dominated by the oil where oil exports account for more than 95% of revenue.
Of the weighing-Shammari, the Open: Joseph Karwan
Link
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