Claim legislation supports the investment law
6/2/2014 0:00
BAGHDAD - Shkran Fatlawi
UN Secretary- General of the Federation of Chambers of Commerce to change the package of economic laws chock investment laws as law firms and tax law and labor law .
The secretary of the Union of Abdul Hussein blessed that placed the private sector were discussed several times in the economic committees of the General Secretariat of the Council of Ministers and the Ministry of Planning and the relevant ministries to develop the reality of the work of the private sector has not been hiring legislation and fit and orientations of the private sector. He pointed out the need to give the laws complete freedom Government banking on any boards of directors fit her for pointing out that this freedom is missing in the Banking Act of Iraq. Blessed noted the need to enable the banks to play their role , as in other surrounding countries with the experience of the Kingdom of Jordan and how do banks there to enter into import and export operations . added »Sabah » that our banks own does not commercial operations at the time , which is work commercially , pointing out that their work is limited to deposit and withdraw money without doing provide other banking services to clients as well as the central bank sold the assets of the Iraqi dollar auctions by private banks , saying that this action did not achieve economic viability .
For its part said the parliamentary Finance Committee that there is « a series of measures adopted by the Commission to improve the economic reality through the stability of the Iraqi currency against other currencies » . Said a source in the committee that «the central bank is trying to maintain the stability of the banks , especially the civil through checks and instructions issued by the Every now and then » , adding that the Finance Committee has not only the stability of banks as it seeks to develop them and ensure their participation in building the Iraqi economy by about a real increase their capital by deposits which often come from the ministries of the state and its various institutions as well as the deposits of citizens. He pointed out that « the owners of those deposits were probably wary of resorting to public banks and private ones in particular to the Committee felt the need to enact a law ensures that deposits are protected by » . Explained the parliamentary finance committee that « the central bank would be obligated to protect bank deposits through the law that Sicherah Parliament later » .
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6/2/2014 0:00
BAGHDAD - Shkran Fatlawi
UN Secretary- General of the Federation of Chambers of Commerce to change the package of economic laws chock investment laws as law firms and tax law and labor law .
The secretary of the Union of Abdul Hussein blessed that placed the private sector were discussed several times in the economic committees of the General Secretariat of the Council of Ministers and the Ministry of Planning and the relevant ministries to develop the reality of the work of the private sector has not been hiring legislation and fit and orientations of the private sector. He pointed out the need to give the laws complete freedom Government banking on any boards of directors fit her for pointing out that this freedom is missing in the Banking Act of Iraq. Blessed noted the need to enable the banks to play their role , as in other surrounding countries with the experience of the Kingdom of Jordan and how do banks there to enter into import and export operations . added »Sabah » that our banks own does not commercial operations at the time , which is work commercially , pointing out that their work is limited to deposit and withdraw money without doing provide other banking services to clients as well as the central bank sold the assets of the Iraqi dollar auctions by private banks , saying that this action did not achieve economic viability .
For its part said the parliamentary Finance Committee that there is « a series of measures adopted by the Commission to improve the economic reality through the stability of the Iraqi currency against other currencies » . Said a source in the committee that «the central bank is trying to maintain the stability of the banks , especially the civil through checks and instructions issued by the Every now and then » , adding that the Finance Committee has not only the stability of banks as it seeks to develop them and ensure their participation in building the Iraqi economy by about a real increase their capital by deposits which often come from the ministries of the state and its various institutions as well as the deposits of citizens. He pointed out that « the owners of those deposits were probably wary of resorting to public banks and private ones in particular to the Committee felt the need to enact a law ensures that deposits are protected by » . Explained the parliamentary finance committee that « the central bank would be obligated to protect bank deposits through the law that Sicherah Parliament later » .
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