The government can not act in a stock banks .. and parliament puts sector «under control»

Union of Arab Banks estimates possession of Mesopotamia $ 210 billion «inaccuracies»

The government can not act in a stock banks .. and parliament puts sector «under control»

Tuesday 9 - February 2016 - the seventh year - No. 1432

Tuesday-9 Feb 2016

Baghdad Jamil al-Rubaie

see parliamentarians government banking sector was "far" from what is passing through the country from the financial crisis, arguing that the Rafidain and Rasheed did not contribute to the revitalization of economic development, prompting the House to his monitor their performance "very closely."

The Union of Arab Banks , said that the Iraqi Rafidain Bank assets are the "biggest" in the region, noting that it exceeded $ 210 billion.

With that financial stocks, Union believe that Iraq does not need the funds to stimulate economic sector.

Representatives say the Finance Committee in the parliament has prepared a draft law to save deposits, but they are still waiting for approval.

Economists and former officials at the central bank is unlikely that the government resorted to the privatization of the two banks, while she seeks to "strengthen citizen's confidence in the banking system."

the officials of Arab banks Federation estimates the existence of $ 210 billion at the Rafidain Bank. " talk is not accurate. "

in the framework of the government began to privatize some sectors, poses observers questioned about the possibility of freeing the Rafidain and Rasheed from the government grip, and start funding projects through lending, to handle encouraged financial liquidity.

but Member of Parliament, Attorney Sirhan Ahmed Sarhan says in a statement "the world", because no government's intention to privatize or sell the two banks, while the government is heading for the privatization of much of the rest of the sectors.

revealed Union of Arab banks, earlier, for possession of Rafidain Bank "largest" financial stocks in the region and the Arab world with total assets amounting to 210 billions of dollars, and stressed that Iraq does not need the money in order to stimulate economic and banking sector, while pointing out after signing an agreement with the Association of Iraqi banks to the need to develop human resources and banking work in Iraq.

according to Sarhan, those banks, "not their duty in relation to the development processes economic and financial ", pointing out that the parliament" has decided to monitor the banks closely. "

In terms of weak turnout of citizens to deposit their money in banks, Sarhan, that" the judgments and decisions of those banks, do not encourage the filing, "Mushir said to Remember farewell Law , which is still on the Finance Committee table in parliament is "a guarantee to bring capital to the civil and government banks."

for his part, says financial expert and banking Ahmed Abrihi, in an interview to the correspondent of "the world", that "talk about the sale or privatization was still words do not just merely the means of social communication. "

the alert Abrihi that" this speech would affect the monetary policy in the country. "

he ruled that" the government has resorted to this decision, at the time seeking to strengthen citizen's confidence in the banking system. "

the private banks Director Wadih Handal, stressed that the privatization of state banks, "a step towards sustainable development in the country."

it is expected Abrihi that "the volume of deposits in Iraqi banks approaching 77 trillion dinars," pointing out that "talk of a $ 210 billion at the Rafidain Bank, the word is exaggerated and is accurate. "

upstaged banks Rafidain and Rasheed, 80% of fiscal policy in Iraq size, but they suffer several problems, according to the central bank governor on the Keywords.

, says Handal, said that" subject to privatization of state banks, and waiting for the issuance of Prime Minister Haider al-Abadi decision to do so. "

it is believed that "this means towards sustainable development if it is indeed the privatization of State-owned banks in dealing with the realities and priorities of the market without having to be under control by the government centrally, where proven years not documented in the activation of human resources." He pointed to "the need to take sector banks for their part in the success

, said Governor of the Central Bank and the agency on the Keywords, that "the bank will recommend the government to deposit employees' salaries of all government and private banks during the next term in a move that will link the millions of new people to banks and familiarize them with the use of electronic financial services and make use of its advantages," pointing out that "ten percent of the citizens only on relationship banking and financial institutions now."

for his part, said economic adviser to the prime minister of the advisers, Abdul Hussein Al-Anbuge, said that "the success of pay retirees and displaced salaries of experience through the smart card, encouraged the expansion of the experience to be there bank account for each employee, "returned that" it could be an employee who gets his salary in that way than to pay collection fees of the State or the purchase of goods and services. "

, the head of the parliamentary economic Committee, Jawad al-Bolani said," the House of Representatives is keen on the laws of each the associated financial and economic matters, "adding that" the Commission will step up measures to implement the electronic financial systems and legislation of laws. "