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[size=52]Economic: Direct banking investment is prohibited by order of the Central Bank[/size]
[size=45]Economic researcher Mustafa Akram Hantoush confirmed that direct banking investment is prohibited by order of the Central Bank.[/size]
[size=45]Hantoush said, “The Central Bank of Iraq deals with the Iraqi banking sector according to a central mentality and procedures and does not give the banking sector an investment role, which makes it difficult for the banking system and for shareholders with their capital in the banking sector to finance investment projects according to normal banking rules without special approvals from the Central Bank.” .[/size]
[size=45]He added, “For years, these measures have prevented banks from entering the investment process, and they make the investment decision hostage to the approvals and directions of the Central Bank and do not give the status of (financial liberalization) to the banks, which would allow the banking sector to enter the Iraqi market and move the wheel of investment directly and in accordance with banking controls.” “Legal.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Economic: Direct banking investment is prohibited by order of the Central Bank[/size]
[size=45]Economic researcher Mustafa Akram Hantoush confirmed that direct banking investment is prohibited by order of the Central Bank.[/size]
[size=45]Hantoush said, “The Central Bank of Iraq deals with the Iraqi banking sector according to a central mentality and procedures and does not give the banking sector an investment role, which makes it difficult for the banking system and for shareholders with their capital in the banking sector to finance investment projects according to normal banking rules without special approvals from the Central Bank.” .[/size]
[size=45]He added, “For years, these measures have prevented banks from entering the investment process, and they make the investment decision hostage to the approvals and directions of the Central Bank and do not give the status of (financial liberalization) to the banks, which would allow the banking sector to enter the Iraqi market and move the wheel of investment directly and in accordance with banking controls.” “Legal.”[/size]
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