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Finance parliamentary: the need for legislation of a law to protect deposits at banks

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Hkp1
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Finance parliamentary: the need for legislation of a law to protect deposits at banks

Post by Hkp1 on Sun 19 May 2013, 2:22 pm

Finance parliamentary: the need for legislation of a law to protect deposits at banks



19-05-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)

Deputy
Chairman of the Finance Committee MP for the coalition of Kurdish blocs
Ahmed Faizullah, the importance of the legislation of a special law to
protect deposits in Iraqi banks for the purpose of encouraging people to
save their money in banks.

Faizullah said (of the Agency news):
The most countries of the world are paying much attention to how to
bring financial deposits of local banks in terms of issuing laws and
regulations protect and determine the percentage of their profits.

He
added: Iraqi banks need to be law legislation to protect deposits to
enhance the confidence of citizens and cause them to bid farewell to
their money in banks and civil government, and thus enhance the
possibility of banks and the financial contribution to the development
projects of the country.

It is noted that the Association of
private banks confirmed that the proportion of deposits in government
banks ranging from 65 to 68 trillion dinars, of which not to exceed 22
trillion dinars deposits of private banks.

It consists of the
banking system in Iraq from forty-three banks as well as the Central
Bank and distributed by the property (7) state banks and (30) Ahli Bank,
including (7) Islamic banks, in addition to (6) of foreign banks.

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