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Economic Adviser to the Prime Minister Abdul Hussein Al-Anbuge, Thursday, stressed that private banks in Iraq is creating credit, noting that these banks rely on the auction currency for the currency difference.
Anbuge, said in an interview, said that "private banks in Iraq is creating credit, and relies on the auction to get the currency difference," adding that "it is supposed to be doing these banks the economic development of Iraq and not to be Dakkakaan banking."
He Anbuge "These banks must work in the Iraqi environment and to have the risk of operating in all of the functions exercised by the banks and by the creator credit for development."
Most of the private banks in Iraq suffer from foot-dragging in its work, as described by some lawmakers as a small boutiques is capable of promoting the economic development of the country.
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