Thursday, 12.07.2012
Baghdad (news) ..
Announced by the Finance Committee MP / Kurdish coalition blocs /
Najiba Najib, the new legislation for banks by the Central Bank granted
broader powers and facilities to promote their betterment, emphasizing
sent to the House of Representatives for a vote after the completion of
discussion by the government.
Najib said (of the Agency news): The Banking Law No. (94) for the year (2004) is the work of Iraqi banks and select its powers, which is inconsistent with the laws of other sanctions as law (111) for the year (1969).
She added that the Central Bank prepared a new law for banks granted powers and facilities, particularly in the investment process, and was sent to the Council of State that is sent to the House of Representatives for a vote after the completion of discussion by the federal government.
She pointed out: that the Finance Committee adopted a parliamentary issue of restructuring of Iraqi banks during a conference held in the coming days in the presence of a number of specialists and representatives of the banks to determine the main challenges facing their work to find solutions to them through legislation.
The banking system in Iraq consists of forty-three banks, as well as the central bank and distributed according to ownership between (7) and state banks (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks.
In spite of the Investment Law No. (13) for the year 2006 has been excluded investment in the banking sector of its provisions, except that the investment in the banking sector takes its legal framework on the basis of legal central bank number (56) for the year 2004, banks number (94) for the year 2004, with a The minimum to establish a bank in Iraq (100) billion Iraqi dinars (ie around 85 million dollars (. / Finished / 8. d. Q /
Najib said (of the Agency news): The Banking Law No. (94) for the year (2004) is the work of Iraqi banks and select its powers, which is inconsistent with the laws of other sanctions as law (111) for the year (1969).
She added that the Central Bank prepared a new law for banks granted powers and facilities, particularly in the investment process, and was sent to the Council of State that is sent to the House of Representatives for a vote after the completion of discussion by the federal government.
She pointed out: that the Finance Committee adopted a parliamentary issue of restructuring of Iraqi banks during a conference held in the coming days in the presence of a number of specialists and representatives of the banks to determine the main challenges facing their work to find solutions to them through legislation.
The banking system in Iraq consists of forty-three banks, as well as the central bank and distributed according to ownership between (7) and state banks (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks.
In spite of the Investment Law No. (13) for the year 2006 has been excluded investment in the banking sector of its provisions, except that the investment in the banking sector takes its legal framework on the basis of legal central bank number (56) for the year 2004, banks number (94) for the year 2004, with a The minimum to establish a bank in Iraq (100) billion Iraqi dinars (ie around 85 million dollars (. / Finished / 8. d. Q /