Decisions and recommendations of the government for the development of the private sector banks.

by day dreamer Wed 28 Jan 2015, 8:52 pm

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Decisions and recommendations of the government for the development of the private sector banks.

by day dreamer Wed 28 Jan 2015, 8:52 pm

[ltr]Decisions and recommendations of the government for the development of the private sector banks.[/ltr]
[ltr]BAGHDAD / justice - 01/29/2015 - 0:23 | Hits: 9[/ltr]

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[rtl]ا[/rtl] Intergovernmental Economic Commission for Refugees private sector has taken a number of decisions and recommendations on banking business in Iraq.

According to a statement that "the Commission held Tuesday its second meeting under the chairmanship of Deputy Prime Minister example, has typically Nuri Shaways Committee discussed the paper submitted by the Association of Iraqi banks on the development of the private banking sector, as the Economic Commission first took the initiative to work on private sector involvement in industrial decision and opinion in economic issues through the involvement of a wide range of non-governmental organizations dealing with the affairs of the private sector in the Economic Commission for the private sector. " Economic Commission for Refugees private sector and stressed "the importance of the banking sector as an artery, which passes through all the economic and financial events, and if I want any country to apply there must be a well-developed banking system." The Committee discussed all the problems and obstacles and solutions facing the banking sector and recommended the consideration of previous resolutions on non-deposit government funds with private banks according to the guidelines issued by the Ministry of Finance in order to restore confidence between the citizen and the banks own building. And requiring state departments to accept certified instruments issued by private banks and its receiving payments of taxes and fees and government restricted accounts stakeholders. And allow the deposit of the salaries of employees and retirees in private banks to be controls the coordination between the Ministry of Finance and the Central Bank of Iraq and the Association of private banks in order to achieve guarantee depositors' rights mechanisms mode. The launch of the amounts of appropriations according to the contexts in force in the world and not suspended when Aotakherha support receipt. And demand from the central bank and the banks and government study the possibility of lending to private banks to finance small projects exclusively. And the Trade Bank of Iraq to open lines of credit to the private banks under the supervision of the Central Bank of Iraq. And activating the role of the financial court, as provided by the Banking Act and not to resort to other courts. And demand from the central bank to study the possibility to take advantage of the legal reserve for private banks to grant investment loans from the reserve and under the supervision of the Central Bank of Iraq.

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