Revision date: 2017/6/1
MP of the citizen bloc and a member of the parliamentary finance committee Rahim Darraji, on Thursday, that there are procedures and policies in the central bank called [classification of banks] which have nothing to do with the law of the Central Bank and the Banking Law.
"Such instructions when issued away from the regulatory bodies and what is the policy is far from transparency and credibility," adding that "these actions have caused problems that impede the march of the Iraqi economy Which is undergoing great challenges and the management of the central bank to exercise caution and close the outlets of administrative and financial corruption, which has become rampant meaningless and taste in all institutions of the state.
He stressed, "out of concern for the reputation of the institution of the Central Bank and do not want to be exposed to the policy of loss of confidence and hope instead of the classification of banks, which means [patronage and patronage] to upgrade the banking sector and some banks that have no role at the level of Iraqi society, whether participating in the auction of currency Which on the impact of this auction will bring significant effects to waste public money. "
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