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Finalization of the initial draft of the Central Bank and the legal amendment banks
BAGHDAD - Iraq Press - January 24: In the House of Representatives Economic Committee revealed the completion of the drafting of the initial draft of the new legal central bank and private banks Amendment No. (94) for the year 2004.
Said committee member Rep. Nora Albjara L / Iraq-Presse / that "these two projects will work with the amendment in force investment law in order to support the economic situation as well as open the door for more resources to address the current financial crisis," she said, adding that "a meeting gathering members of the Economic Commission Governor of Bank Central on the Keywords been a discussion of the challenges facing the economic situation in Iraq and the Governor of the Central Bank promised to support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors by providing loans to entrepreneurs and facilitate the opening major community banks. "
He pointed out that "most of the private banks in Iraq that are supposed to contribute to the economic improvement is individually managed by the figures is a competent and have a positive impact on the overall situation," asserting "end the central bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment influential investment law in order to boost economic development in the country, especially since the two projects from would find new resources of the country away from oil contributes to the bridge portion of the crack of the financial crisis and drafts what Tzalan in the custody of the Central Bank and it is hoped refer them soon to the government and then to the House of Representatives for approval as soon as possible. "
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BAGHDAD - Iraq Press - January 24: In the House of Representatives Economic Committee revealed the completion of the drafting of the initial draft of the new legal central bank and private banks Amendment No. (94) for the year 2004.
Said committee member Rep. Nora Albjara L / Iraq-Presse / that "these two projects will work with the amendment in force investment law in order to support the economic situation as well as open the door for more resources to address the current financial crisis," she said, adding that "a meeting gathering members of the Economic Commission Governor of Bank Central on the Keywords been a discussion of the challenges facing the economic situation in Iraq and the Governor of the Central Bank promised to support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors by providing loans to entrepreneurs and facilitate the opening major community banks. "
He pointed out that "most of the private banks in Iraq that are supposed to contribute to the economic improvement is individually managed by the figures is a competent and have a positive impact on the overall situation," asserting "end the central bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment influential investment law in order to boost economic development in the country, especially since the two projects from would find new resources of the country away from oil contributes to the bridge portion of the crack of the financial crisis and drafts what Tzalan in the custody of the Central Bank and it is hoped refer them soon to the government and then to the House of Representatives for approval as soon as possible. "
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