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Central Bank of ending the draft law and is preparing to participate in the development
Parliamentary committee: two projects working on "Edit investment"
BAGHDAD - promised Shammari:
Committee announced its economy and investment representative, on Wednesday, for the end of the drafting of "preliminary draft" of the legal new Central Bank and the modification of private banks No. (94) for the year 2004, pointing out that these two projects will work with the amendment in force investment law in order to support the economic situation as well as to open the door in front of more resources to address the current financial crisis.
This comes at a time when the Central Bank revealed his initiatives and actions to promote job development and job creation.
Said committee member Nora Albjara to "New Morning" that "we collected a meeting with the Governor of the Central Bank on the Keywords middle of this week, we discussed the challenges facing the economic situation in Iraq."
She said the "Keywords promised support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors," indicating that "it is providing loans to entrepreneurs, and facilitate the opening major community banks."
She Albjara regret "because most of the private banks in Iraq, which is supposed to contribute to the economic improvement, are run by individual personalities is competent.
And do not have a positive impact on the overall situation. "
Although acknowledging the former parliament to amend the investment law, but a member of the parliamentary Economic Committee found "insufficient to cope with the current situation; because it intersects with other legislation and therefore the new amendment came without a trace," and promised a "legal central bank and banking influential hinder development."
, However Albjara "so that the foreign investor was found, it will work in the southern regions, and we provide a safe environment; because the western and northern provinces suffer from a security deterioration," he demanded to "provide facilities for foreign funds because they are vulnerable to competition from nearby Arab markets, and if the foreign investor hair concern it will leave the neighborhood and go to our legislative efforts in vain. "
And revealed the "end of the Central Bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment of the Investment Law in order to boost economic development in the country," Msttrdp that "both projects would find new resources of the country away from oil that contributes to heal the part of the crack the financial crisis. "
And completed Albjara saying that "drafts are still in the custody of the Central Bank, and it is hoped will soon refer them to the government and then to the House of Representatives for approval as soon as possible."
These developments came in conjunction with the announcement of the Central Bank of Iraq in a statement: "New Morning received" a copy of which he was "studying the initiatives and actions to promote job development and job creation."
The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
The central bank held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, sales and be either in cash or in the form of money orders sold out in exchange for a certain commission.
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Parliamentary committee: two projects working on "Edit investment"
BAGHDAD - promised Shammari:
Committee announced its economy and investment representative, on Wednesday, for the end of the drafting of "preliminary draft" of the legal new Central Bank and the modification of private banks No. (94) for the year 2004, pointing out that these two projects will work with the amendment in force investment law in order to support the economic situation as well as to open the door in front of more resources to address the current financial crisis.
This comes at a time when the Central Bank revealed his initiatives and actions to promote job development and job creation.
Said committee member Nora Albjara to "New Morning" that "we collected a meeting with the Governor of the Central Bank on the Keywords middle of this week, we discussed the challenges facing the economic situation in Iraq."
She said the "Keywords promised support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors," indicating that "it is providing loans to entrepreneurs, and facilitate the opening major community banks."
She Albjara regret "because most of the private banks in Iraq, which is supposed to contribute to the economic improvement, are run by individual personalities is competent.
And do not have a positive impact on the overall situation. "
Although acknowledging the former parliament to amend the investment law, but a member of the parliamentary Economic Committee found "insufficient to cope with the current situation; because it intersects with other legislation and therefore the new amendment came without a trace," and promised a "legal central bank and banking influential hinder development."
, However Albjara "so that the foreign investor was found, it will work in the southern regions, and we provide a safe environment; because the western and northern provinces suffer from a security deterioration," he demanded to "provide facilities for foreign funds because they are vulnerable to competition from nearby Arab markets, and if the foreign investor hair concern it will leave the neighborhood and go to our legislative efforts in vain. "
And revealed the "end of the Central Bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment of the Investment Law in order to boost economic development in the country," Msttrdp that "both projects would find new resources of the country away from oil that contributes to heal the part of the crack the financial crisis. "
And completed Albjara saying that "drafts are still in the custody of the Central Bank, and it is hoped will soon refer them to the government and then to the House of Representatives for approval as soon as possible."
These developments came in conjunction with the announcement of the Central Bank of Iraq in a statement: "New Morning received" a copy of which he was "studying the initiatives and actions to promote job development and job creation."
The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
The central bank held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, sales and be either in cash or in the form of money orders sold out in exchange for a certain commission.
[You must be registered and logged in to see this link.]
