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Specialists: on the central bank to reconsider its policy towards the private banks
Thursday 03.09.2015
Baghdad news / Abdul Ghani al-Saidi
called economist Mohsin Zaidi, the Iraqi Central Bank to
reconsider its policy towards the private banks including Islamic banks own for the development of the banking and financial sector in Iraq.
"Said Zaidi said in a statement singled out by the Baghdad news, on Wednesday, that" private banks always looking for development as well as looking to attract deposits and invest them again for the profit is returned to the citizens, but the problem is that the policy of the central bank toward these banks are not clear, as it requires the development of mechanisms and clear of the central bank, which will contribute to the activation of the significant role of this banks and the advancement of this vital sector. "
He added, "The government's banking sector is suffering from a very large problems so we find that most of the countries of the world especially the developed European countries in the banking sector we find depends on the public sector to a single bank for the purpose of Alracbh and control over the dealings of it is to be there any case flawless in his work.
"He noted, that" the Iraqi private banks seeking to find ways to expand their constituencies to provide banking services, but it collide with obstacles laws and red tape ugly and bureaucracy in dealing with state institutions.
"and between, that" the government if it wants to the banking sector that develops them to take care of the banking sector and the private from banks Islamic civil, and it must establish procedures and mechanisms contribute to the development of this vital sector and important and face any financial crisis facing Iraq, and the central bank in the last period cares banks own.
"He explained," These measures include reduce the capital of private banks in order to have a good level of banking services to citizens, and make one of the private sector members of a member of the Board of the Central Bank of the Iraqi administration, "as well as on the central bank to support private banks to reduce the profits to enable citizens to invest his money rates."
He said Zaidi , said that "on the central bank to reconsider its policy towards private banks, as well as the need to work on modern possible entry in banking transactions in order to be comparable to developments in the global banking sector."
For his part, the parliamentary finance committee member Masood Haider Rustam, said that "the central bank has a clear law deals whereby with private banks and this law is working on the development of the banking sector in Iraq.
"He said Rustam said in a statement singled out by the Baghdad news, on Wednesday, said that" the Iraqi Central Bank jointly with the Ministry of Finance on Banking Supervision both (public or private) through the development of mechanisms and controls under which these banks operate in Iraq.
"He said," The central bank has a clear law which deals with private banks. "
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Thursday 03.09.2015
Baghdad news / Abdul Ghani al-Saidi
called economist Mohsin Zaidi, the Iraqi Central Bank to
reconsider its policy towards the private banks including Islamic banks own for the development of the banking and financial sector in Iraq.
"Said Zaidi said in a statement singled out by the Baghdad news, on Wednesday, that" private banks always looking for development as well as looking to attract deposits and invest them again for the profit is returned to the citizens, but the problem is that the policy of the central bank toward these banks are not clear, as it requires the development of mechanisms and clear of the central bank, which will contribute to the activation of the significant role of this banks and the advancement of this vital sector. "
He added, "The government's banking sector is suffering from a very large problems so we find that most of the countries of the world especially the developed European countries in the banking sector we find depends on the public sector to a single bank for the purpose of Alracbh and control over the dealings of it is to be there any case flawless in his work.
"He noted, that" the Iraqi private banks seeking to find ways to expand their constituencies to provide banking services, but it collide with obstacles laws and red tape ugly and bureaucracy in dealing with state institutions.
"and between, that" the government if it wants to the banking sector that develops them to take care of the banking sector and the private from banks Islamic civil, and it must establish procedures and mechanisms contribute to the development of this vital sector and important and face any financial crisis facing Iraq, and the central bank in the last period cares banks own.
"He explained," These measures include reduce the capital of private banks in order to have a good level of banking services to citizens, and make one of the private sector members of a member of the Board of the Central Bank of the Iraqi administration, "as well as on the central bank to support private banks to reduce the profits to enable citizens to invest his money rates."
He said Zaidi , said that "on the central bank to reconsider its policy towards private banks, as well as the need to work on modern possible entry in banking transactions in order to be comparable to developments in the global banking sector."
For his part, the parliamentary finance committee member Masood Haider Rustam, said that "the central bank has a clear law deals whereby with private banks and this law is working on the development of the banking sector in Iraq.
"He said Rustam said in a statement singled out by the Baghdad news, on Wednesday, said that" the Iraqi Central Bank jointly with the Ministry of Finance on Banking Supervision both (public or private) through the development of mechanisms and controls under which these banks operate in Iraq.
"He said," The central bank has a clear law which deals with private banks. "
[You must be registered and logged in to see this link.]
