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Nashi MP calls for a review of Article 28 of the Law of private banks because they hinder investment
5/7/2015
{Baghdad: Euphrates News} called the MP for the Islamic Virtue Party Ola return Nashi parliament and the government to reconsider the law of banks No. 94 of 2004, which was approved by Bremer's administration after the fall of the dictatorial regime.
She said the MP Nashi in a statement the agency {Euphrates News} received a copy of it, that "Article 28 of the Law rob private banks the right to handle and manage the market and the investment process,
and therefore the law this formula inhibits the action of these banks and a lot of businessmen and industrialists who complained accumulation of money in banks Without their participation to economic development. "
Nashi added that "the abolition of this article or review by supporting the private sector and development and to achieve the other hand, activate real competition in capital management for the benefit of the country's economy."
She pointed to "the need to develop legal controls and selectors to control the money laundering operations in coordination with the Interior Ministry and the central bank and the relevant authorities, in order to avoid suspicious economic processes" .anthy k h
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5/7/2015
{Baghdad: Euphrates News} called the MP for the Islamic Virtue Party Ola return Nashi parliament and the government to reconsider the law of banks No. 94 of 2004, which was approved by Bremer's administration after the fall of the dictatorial regime.
She said the MP Nashi in a statement the agency {Euphrates News} received a copy of it, that "Article 28 of the Law rob private banks the right to handle and manage the market and the investment process,
and therefore the law this formula inhibits the action of these banks and a lot of businessmen and industrialists who complained accumulation of money in banks Without their participation to economic development. "
Nashi added that "the abolition of this article or review by supporting the private sector and development and to achieve the other hand, activate real competition in capital management for the benefit of the country's economy."
She pointed to "the need to develop legal controls and selectors to control the money laundering operations in coordination with the Interior Ministry and the central bank and the relevant authorities, in order to avoid suspicious economic processes" .anthy k h
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