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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Member of the Finance Committee Jubouri: frozen funds adversely affect economic development

    Rocky
    Rocky
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    Member of the Finance Committee Jubouri: frozen funds adversely affect economic development  Empty Member of the Finance Committee Jubouri: frozen funds adversely affect economic development

    Post by Rocky Tue 07 Jan 2014, 2:11 pm

    Member of the Finance Committee Jubouri: frozen funds adversely affect economic development


    January 7, 2014
    Baghdad: Iraq News Network -
    A member of the Finance Committee in the House of Representatives Haitham al-Jubouri, that the law of financial management and public debt is valid and is being applied in full.
    Added Jubouri, in a press statement that "the Banking Act No. 94 of 2004 contains a paragraph 28 is disabled and non- clear yet which contain the investment of some capital in the banks.
    "He Jubouri, that" capital in these banks are currently frozen and therefore departments of banks is not authorized according to this article investment funds which reflected negatively on the issue of development and investment projects and support for the investor whether local or foreign.
    "explained a member of the Finance Committee, that" this article are working on it in earnest within the Commission, where there is a recommendation and semi-agreement between us and the managers of the banks that are modified this rule by law, banks new, now at the Council of State.
    "and between Jubouri, that "it is necessary to edit this article in accordance with the development of the new Iraq in the free market and the private sector," pointing to "the necessity of giving the wider interest of this paragraph to be able to the presence of the adoption of large sums of money and benefits are set by the Board and not by the Ministry of Finance as it is now. "

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