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Finance Minister warns of a "negative impact" to delay the reform process on Iraq
2015/08/10 17:09
Time / Baghdad
Finance Minister Hoshyar Zebari, on Monday, the importance of financial and banking system reform in line with the International Standards, as warned of a "negative impact" of the delayed reform the credibility of the Iraq operation after it became part of the movement of global capital markets.
The Finance Ministry said in a statement received " time ", a copy of which," The Finance Minister, Hoshyar Zebari, chaired a meeting with the Governor of the Central Bank in the presence of the President of the Board of Supreme Audit and Director of the Rafidain and Rasheed Bank and a number of the Ministry of Finance experts and Central Bank to consider the restructuring of the two banks mentioned, through the banking system overall application and the possibility of a capital increase two banks in order to enable the exercise of the overall banking operation, including commercial banking. "
Zebari said, "The reform of the financial and banking system is essential to be consistent with international Calibrator, especially after the Iraq get a credit rating and after it became part of the movement of global capital markets."
warned Zebari , of "delayed the reform process being will reflect negatively on the credibility of Iraq in front of the global financial institutions."
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2015/08/10 17:09
Time / Baghdad
Finance Minister Hoshyar Zebari, on Monday, the importance of financial and banking system reform in line with the International Standards, as warned of a "negative impact" of the delayed reform the credibility of the Iraq operation after it became part of the movement of global capital markets.
The Finance Ministry said in a statement received " time ", a copy of which," The Finance Minister, Hoshyar Zebari, chaired a meeting with the Governor of the Central Bank in the presence of the President of the Board of Supreme Audit and Director of the Rafidain and Rasheed Bank and a number of the Ministry of Finance experts and Central Bank to consider the restructuring of the two banks mentioned, through the banking system overall application and the possibility of a capital increase two banks in order to enable the exercise of the overall banking operation, including commercial banking. "
Zebari said, "The reform of the financial and banking system is essential to be consistent with international Calibrator, especially after the Iraq get a credit rating and after it became part of the movement of global capital markets."
warned Zebari , of "delayed the reform process being will reflect negatively on the credibility of Iraq in front of the global financial institutions."
[You must be registered and logged in to see this link.]
