Smeisim: World capital markets and describes Iraqi trade Ballowaadh

Smeisim: World capital markets and describes Iraqi trade Ballowaadh



03/27/2013 12:00 am

Stressed the importance of joining the bloc regional
BAGHDAD - morning
called economic expert peace Sumaisem need to join Iraq blocs financial and banking regional because it would push the development of financial and banking sector of the country.
reported Sumaisem (morning) that Iraq needs to join such regional arrangements to facilitate and accelerate the movement and transmission funds between member states and the world because Iraq, whatever the position, is part of the world and it keep pace with progress in it.
, adding that the world's attention is now heading towards the financial markets and commercial traffic in Iraq as a promising market, but there are some laws and legislations restricting the economy and make it live stage system of central economic rather than be at the stage of market economy.
and indicated that Iraq senior member of the Union of Arab Banks, where Iraq is represented in the Union General Manager Rasheed Bank Kazem fistula.
and recommended Forum Baghdad economic and banking which was inaugurated in the atheist th of January last in Baghdad with the broad participation of Iraqi banks Baktaiha public, private and attend a number of officials and business personalities prominent in Iraq developed a system of payments retail by adopting latest IT systems and electronic payments. "
said the recommendations of the final statement to him "the importance of activating Mrkzaltdreb banking within the plan CBI to develop monetary policy in Iraq and raise the level of banking culture and diversification of banking services in cooperation with the Union of Arab Banks and the Union of Iraqi banks. "
and indicated the recommendations to "unite the efforts of Iraqi banks in the public and private sectors and work closely on the development of the Iraqi banking sector. And the development of legislation and laws governing the work of Islamic banking with its products and services that comply with Islamic law. As well as to reconsider the banking laws for the work of the Investment Law. Add to reconsider the law CBI and laws governing the work of Iraqi banks to align with the requirements of the current stage to contribute to the promotion of investment and participation with the private banks and investors in the financing and development of economic projects and infrastructure. "And stressed recommendations" on the application of international standards of oversight and internal audit and increase open branches in different regions to be at one branch for every 25 thousand people with the global standard depends ratio of one bank for every 5 thousand people in the developed countries. "During the forum, which was organized in Baghdad earlier held 4 meetings lasted over two days discussed during which a number axes of the most important economic reform and banking sector in Iraq and growth banking / role of banks in financing the economy / and prospects of investment and reconstruction in Iraq and the role of the productive sectors and the chances of success of Islamic banking.
systems Forum Union of Arab Banks and the Central Bank of Iraq, in cooperation with Etihad Iraqi banks, the presence of more than 800 Personal Arab and foreign politicians, Arab and foreign ambassadors, economists and bankers.

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