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Deposit Insurance Act addresses the funding problem
Contribute to transfer the money supply of homes to strategic projects
BAGHDAD - Hussein Tgb
raise the proportion of deposit in private banks is most interested in the goal of economic affairs for his role in the activation of economic activity and employment in small and medium enterprises service, especially that the budget did not include aside investment commensurate with the size of the project, in conjunction with the There is a need to speed up the approval of the Deposit Insurance Law, which is the most important incentive to encourage the saved money into private banks.
economist Muhammad Ali Jaber said in an interview for the "morning" that the goal of banks employ the money in various business for profits necessary, investigating the economic feasibility the citizen and the World Bank and the local economy in general.
He added that the adoption of the Deposit Insurance Law works to encourage citizens and businesses to deposit what Ictnzn of money in the banks, where there will be legal guarantees for their deposits do not fear them of any emergency gets to the bank, pointing out that it would do the civil work of banks and makes it heading towards the adoption of cutting-edge technology that promotes its products through a sophisticated and reliable banking services adoption globally, noting that the activation Alastmari sector needs a sophisticated and large flexible banking services in the deal.
He said this measure will compensate lack of financial allocations for investment projects in the federal public budget approved Thursday last.
He Jabir that the money supply storehouse in homes exceeding $ 20 billion, according to specialists estimate that a large number can contribute to the achievement of sustainable economic development and doubles when invested properly and make capital cycle are locally.
He was among the envelope going through the Iraqi economy requires that the Iraqi public and private banks for changes in the pattern of activities through the development of budgets ameliorative next phase responsive and goals of the government program, which seeks to speed up cross-deflation process by placing the court to examine and analyze all the stalled projects and speed up the rehabilitation of these projects as well as plan reduction of interest rates on credit and change the pattern of investments where we believe that any activity, whether domestic or foreign must begin in the banking sector as Head of investment instruments as a tool that any investment relationship established between Iraq and Arab and foreign countries start by banks. As Chairman of the Securities Commission d. Abdul-Razzaq al-Saadi said: that the economic reality of the country requires work to speed up the pace of economic reforms and the direction of the legislation package of legal reforms, notably the deposit guarantee law, which in turn is an introduction is necessary to spread a favorable investment climate, as the reforms will work on the development of all the business because it made smooth high in the implementation of projects. Hence the start when the urgency to face all these challenges and risks on the basis of a review of the way we work and the performance of public and private institutions alike.
He had said Saadi said the area in front of us no longer spacious to waste more opportunities that we need to compensate in a new phase of serious attempts in all directions and as soon as.
While the specialist in economic affairs Jassim Al Aradi importance of adopting the Deposit Insurance Act, which would turn the cluster of large cash from homes to small, medium and large projects, pointing out that he will promote the products of the banking sector and make it more sophisticated, especially when international investments that come with heads big money to country and need to be flexible in the process passed, as some banks began experiments achieved great successes and evolve gradually and supports advanced products.
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Contribute to transfer the money supply of homes to strategic projects
BAGHDAD - Hussein Tgb
raise the proportion of deposit in private banks is most interested in the goal of economic affairs for his role in the activation of economic activity and employment in small and medium enterprises service, especially that the budget did not include aside investment commensurate with the size of the project, in conjunction with the There is a need to speed up the approval of the Deposit Insurance Law, which is the most important incentive to encourage the saved money into private banks.
economist Muhammad Ali Jaber said in an interview for the "morning" that the goal of banks employ the money in various business for profits necessary, investigating the economic feasibility the citizen and the World Bank and the local economy in general.
He added that the adoption of the Deposit Insurance Law works to encourage citizens and businesses to deposit what Ictnzn of money in the banks, where there will be legal guarantees for their deposits do not fear them of any emergency gets to the bank, pointing out that it would do the civil work of banks and makes it heading towards the adoption of cutting-edge technology that promotes its products through a sophisticated and reliable banking services adoption globally, noting that the activation Alastmari sector needs a sophisticated and large flexible banking services in the deal.
He said this measure will compensate lack of financial allocations for investment projects in the federal public budget approved Thursday last.
He Jabir that the money supply storehouse in homes exceeding $ 20 billion, according to specialists estimate that a large number can contribute to the achievement of sustainable economic development and doubles when invested properly and make capital cycle are locally.
He was among the envelope going through the Iraqi economy requires that the Iraqi public and private banks for changes in the pattern of activities through the development of budgets ameliorative next phase responsive and goals of the government program, which seeks to speed up cross-deflation process by placing the court to examine and analyze all the stalled projects and speed up the rehabilitation of these projects as well as plan reduction of interest rates on credit and change the pattern of investments where we believe that any activity, whether domestic or foreign must begin in the banking sector as Head of investment instruments as a tool that any investment relationship established between Iraq and Arab and foreign countries start by banks. As Chairman of the Securities Commission d. Abdul-Razzaq al-Saadi said: that the economic reality of the country requires work to speed up the pace of economic reforms and the direction of the legislation package of legal reforms, notably the deposit guarantee law, which in turn is an introduction is necessary to spread a favorable investment climate, as the reforms will work on the development of all the business because it made smooth high in the implementation of projects. Hence the start when the urgency to face all these challenges and risks on the basis of a review of the way we work and the performance of public and private institutions alike.
He had said Saadi said the area in front of us no longer spacious to waste more opportunities that we need to compensate in a new phase of serious attempts in all directions and as soon as.
While the specialist in economic affairs Jassim Al Aradi importance of adopting the Deposit Insurance Act, which would turn the cluster of large cash from homes to small, medium and large projects, pointing out that he will promote the products of the banking sector and make it more sophisticated, especially when international investments that come with heads big money to country and need to be flexible in the process passed, as some banks began experiments achieved great successes and evolve gradually and supports advanced products.
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