Mayahi: amend the Banking Act No. 94 will end paperwork and enters the modern technology

by **Rocky** Mon 18 Mar 2013, 7:25 am

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Mayahi: amend the Banking Act No. 94 will end paperwork and enters the modern technology

by Rocky Mon 18 Mar 2013, 7:25 am

Mayahi: amend the Banking Act No. 94 will end paperwork and enters the modern technology

Published in: 2:06 pm, March 18, 2013 by ipa 2

BAGHDAD (Iba) .. Ruled out a member of the Finance Committee MP Abdul Amir al-Mayahi, the application of adjustments of the Banking Act No. 94 of 2004 during the current year.

Said Mayahi told the independent press (Iba), "said Finance Committee began to study amendments to the Banking Act No. 94 in order to strengthen banking systems and freed from pressure the Iraqi Central Bank, noting that: These amendments will apply in the next year that the law needs a long time to study and to raise the notes to the prime minister for approval.

He said the "most important changes that will take place on the law is the introduction of modern technology and leave work and writing on paper.

And added, "Investment banks will be studied by the Iraqi companies and the necessary facilities to attract foreign investors, pointing out that" the presence of a workshop of the Finance Committee and British special body to contribute to give legal advice on linking Iraqi banks global banks.

He continued, "The amendment will pass after that taught by Arab and foreign specialists and given to the attic, which will take a long time to be applied on the ground." (End

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