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The central bank is likely near the legislation bank deposit law
11/19/15
BAGHDAD / long-Presse
An informed source at the Central Bank of Iraq, on Wednesday, for "near the adoption of" the Law of the Parliament of bank deposits, and expected that this will contribute to "the return of confidence," Iraqi banks and the recovery of the national economy.
The source said, in an interview to the (long-Presse), said that "the Iraqi Central Bank already prepared a draft law on banking deposits nearly a year ago, in order to protect a deposit every customer puts his money in a bank," adding that "the project passed through the Council of Ministers to the House of Representatives.
"He informed source, who requested anonymity, that" the project was discussed about extensively with members of the parliamentary finance committee, and representatives of the Central Bank of Iraq, and reached the final legislative stages after the addition of points that will support citizens, "noting that" the Commission Parliamentary Finance promised the central bank launched the project on the agenda of the House of Representatives sessions schedule during the current month, to be discussed and voted on.
"The source added, that the proposed project will encourage citizens and owners of capital on deposit in banks after they were sure of securing the necessary from loss protection, what will revive economic movement, "returned to" re-establish law about great confidence to the Iraqi private banks. "
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