Zebari CBI Gov meet outline banking & financial reform importance

by lonelyintexas Mon 10 Aug 2015, 11:53 am

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Zebari CBI Gov meet outline banking & financial reform importance

by lonelyintexas Mon 10 Aug 2015, 11:53 am

Zebari CBI Gov meet outline banking & financial reform importance
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10/08/2015 16:02:00

In the context of directing the Prime Minister by setting a timetable for the restructuring of Rafidain and Rasheed, he presided over the Finance Minister, Hoshyar Zebari, with the Governor of the Central Bank on Monday, August 10, 2015, a meeting attended by the President of the Board of Supreme Audit and Director of Rafidain and Rasheed Bank and a number of the Ministry of Finance experts and Central Bank to consider restructuring the two banks through the banking system overall application and the possibility of increasing the capital of the two banks in order to enable the practice of comprehensive banking operation, including commercial banking.
He said Zebari, during the meeting the importance of the financial and banking system reform, so that it is consistent with the International Standards especially after the Iraq get a credit rating and became part of the movement of global capital markets, and that any delay in the reform process will reflect negatively on the credibility of Iraq in front of the international financial institutions.

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