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Guidance to accept certified instruments issued by private banks
4/21/15
BAGHDAD / ... directed the General Secretariat of the Council of Ministers, on Tuesday, the ministries and departments not related to the Ministry and the provinces all work under the decisions of the committee included Economic Affairs accept certified instruments issued by private banks for procedural transactions carried out by customers and citizens with government departments to pay for insurance and customs duties and taxes and any other fees whatever amount. "
A statement by the General Secretariat received the "eye of Iraq News," The General Secretariat is also directed to cancel the first paragraph of the previous uncles of the No. Committee Q, L / 214 on May 4, 2014, the judge, raising the ceiling certified instruments issued by private banks from (25) million dinars to a hundred million dinars maximum procedural transactions carried out by citizens with government departments. "
The statement said, "The Committee on Economic Affairs at its third meeting held on the third of February, issued a set of for the development of the private ones of the banking sector decisions, the Ministry of Finance by requiring state departments to accept certified instruments issued by private banks, and coordination between the Finance and the Central Bank of Iraq and the Association of private banks to put the controls and mechanics of clear and specific to deposit employees' salaries and retired in private banks and to guarantee the rights of depositors, in addition to the Central Bank of Iraq and the government banks to study the possibility of lending to private banks to finance small and medium enterprises. "
He continued, "The Committee decided that the Trade Bank of Iraq to open lines of credit to the private banks under the supervision of the Central Bank of Iraq, and the emphasis on activating the role of the financial court as stipulated by the banks, according to the law of the Central Bank of Iraq and not to resort to other courts, and included decisions meeting, study the possibility to take advantage of the legal reserve for private banks, and the approval of the recommendations controls letters of guarantee, and the emphasis on Finance and the Central Bank on the opening letters of credit to the private banks up to $ 10 million without passing the Iraqi Trade Bank. "
The Committee also decided to do a bank Rafidain and Rasheed deposit part of their money to the private banks versus soft benefits and the Special invest the money of private banks in investment projects, and the establishment of the Iraqi Central Bank to submit a draft deposit guarantee the necessary speed, Finance and the Central Bank of Iraq and the Trade Bank and the release of the amounts of credits, according contexts globally applicable, urged own private banks to create partnerships with international banks to create investment opportunities and operation of labor, and concluded the decision to intensify efforts by private banks on civil educate citizens to deposit their money in banks. "
The decision comes in furtherance of the role that involved its own private banks in the process of construction and development and support of the process of trust between banks and citizens and institutions Ath.
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4/21/15
BAGHDAD / ... directed the General Secretariat of the Council of Ministers, on Tuesday, the ministries and departments not related to the Ministry and the provinces all work under the decisions of the committee included Economic Affairs accept certified instruments issued by private banks for procedural transactions carried out by customers and citizens with government departments to pay for insurance and customs duties and taxes and any other fees whatever amount. "
A statement by the General Secretariat received the "eye of Iraq News," The General Secretariat is also directed to cancel the first paragraph of the previous uncles of the No. Committee Q, L / 214 on May 4, 2014, the judge, raising the ceiling certified instruments issued by private banks from (25) million dinars to a hundred million dinars maximum procedural transactions carried out by citizens with government departments. "
The statement said, "The Committee on Economic Affairs at its third meeting held on the third of February, issued a set of for the development of the private ones of the banking sector decisions, the Ministry of Finance by requiring state departments to accept certified instruments issued by private banks, and coordination between the Finance and the Central Bank of Iraq and the Association of private banks to put the controls and mechanics of clear and specific to deposit employees' salaries and retired in private banks and to guarantee the rights of depositors, in addition to the Central Bank of Iraq and the government banks to study the possibility of lending to private banks to finance small and medium enterprises. "
He continued, "The Committee decided that the Trade Bank of Iraq to open lines of credit to the private banks under the supervision of the Central Bank of Iraq, and the emphasis on activating the role of the financial court as stipulated by the banks, according to the law of the Central Bank of Iraq and not to resort to other courts, and included decisions meeting, study the possibility to take advantage of the legal reserve for private banks, and the approval of the recommendations controls letters of guarantee, and the emphasis on Finance and the Central Bank on the opening letters of credit to the private banks up to $ 10 million without passing the Iraqi Trade Bank. "
The Committee also decided to do a bank Rafidain and Rasheed deposit part of their money to the private banks versus soft benefits and the Special invest the money of private banks in investment projects, and the establishment of the Iraqi Central Bank to submit a draft deposit guarantee the necessary speed, Finance and the Central Bank of Iraq and the Trade Bank and the release of the amounts of credits, according contexts globally applicable, urged own private banks to create partnerships with international banks to create investment opportunities and operation of labor, and concluded the decision to intensify efforts by private banks on civil educate citizens to deposit their money in banks. "
The decision comes in furtherance of the role that involved its own private banks in the process of construction and development and support of the process of trust between banks and citizens and institutions Ath.
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