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Najiba Najib: the development of the banking reality in Iraq depends on what will be decided by the

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rocky
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Najiba Najib: the development of the banking reality in Iraq depends on what will be decided by the

Post by rocky on Sat 25 May 2013, 7:28 am

Najiba Najib: the development of the banking reality in Iraq depends on what will be decided by the Commission on restructuring of State-owned banks



News Source: Baghdad 2

BAGHDAD / WAP / saw a member of the Finance Committee Najiba Najib, said that "the development of the banking reality in Iraq depends on what will be decided by the Commission on restructuring of State-owned banks."

It said Najib told Xinhua Baghdad International / WAP /, the "Committee for the restructuring of banks, which formed three years ago and began its work under the supervision of specialists and experts in the field of banking in order to lay the foundations for the process of restructuring and the work of government banks for the development of the banking business in Iraq."

She continued, "The committee restructuring banks in Iraq has reached a number of recommendations, as well as to propose draft laws for the advancement of the banking reality in Iraq, including those related to passage of a new law on banks, in addition to government amend the law on the Central Bank."

It showed that "the banking reality in Iraq is still suffering from a lot of the difficulties that hinder access to the global banking مطاف fact, and that the economic reality of Iraq and relies heavily on the fact If the underdeveloped banking means that it will affect the economic situation in Iraq."

She explained, "The reality of banking legislation still needs to re-examine and correct in some paragraphs in order to promote the work of banks by giving wider powers to the banks."

It confirmed that "advancement of steps actually taken from the bank by the government and parliament, but so far not provided the right climate for the advancement of the work of Iraqi banks, and the advancement of the banks, this will lead to the advancement of the economic reality of Iraq." / End 2

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