Najib: step by the central bank put assessments of banks will bring benefits and create positive com

Najib: step by the central bank put assessments of banks will bring benefits and create positive competition


Tuesday June 6, 2017 21:59




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Alsumaria News / Baghdad
confirmed that a member of the Committee on Economy and Investment Parliamentary Najiba Najib, on Tuesday, the central bank measures in the development of assessments for banks represent a positive step and give multiple benefits, pointing to the classifications adopted now came according to an agreement with international experts from the International Monetary Fund and the US Treasury.

Said Najib in an interview with Alsumaria News for, " The assessments that the bank began Alrkza by adopting banks has approved in Iraq is is normal practice in all countries of the world," indicating that "classifications currently approved came according to an agreement with international experts from the International Monetary and US Treasury Fund in the framework of monetary, financial and economic reform. "
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She added Najib, said that "banks operating in Iraq , more than thirty - five banks and there is an exceptional situation experienced by the Iraq war against al Daesh terrorist, and that there is a new situation after the legislation of anti - money laundering law , which required the classification of those banks," noting that " the central bank put forms some criteria through which the classification of banks within the level of a certain degree. "

She said, "These standards were adopted on transparency, money laundering, cards Alaiman and other things that are the basis of the banking business level , " pointing out that "the move from the central bank is a positive step and give multiple benefits from the most important to impose greater control over the work of banks and create competition between those banks best to achieve all of which serve the interests of the banking sector , which is the backbone of the economy. "

Confirmed Najib, "We need to step banks assess and correct their work to end the state of chaos and develop its work and the application of the enacting of banking laws and the transfer of a good image of Iraqi banks to international observers", stressing that "Iraq is in front of a step to build a strong and integrated economy and in the absence of building a strong banking economy we can not build any other , whether economies of farm or investment or industrial as required. "

The Committee on Economy and Investment parliamentary member Abdul Salam al - Maliki warned, in (June 1, 2017), from entering the central bank in a spiral of corruption led by Arapon politicians influential through the opening of banks with no controls to speculate the currency market and contribute to money laundering and corruption, pointing out that the sale of the currency window It became "the smuggling of currency and the sale of Iraq."

The central bank said that banks have been hosted in accordance with the standards in consultation with the Office of international scrutiny, and while he is reviewing the periodic re - evaluation of banks, said allowing banks by making observations on the ratings.

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