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Controversy about the spread of banking stores in Kut

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priscilla0927


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17.11.2011 Saif Abdul Rahman The effects of the spread of banking stores in the city of Kut and other towns in the province of Wasit controversy among those interested in economic affairs.
Some consider the phenomenon to be considered an expression of economic recovery and trade with others prepared by the opposite, especially as it increasingly random and without government licenses constitutes a threat to the economy.
The local administration in the province has recently taken action on ways to give time off for employees in the sale and purchase of foreign currencies, and the granting of new licenses for the establishment of many private banks.
He says Msal security in the province, who asked not to be identified said the measures taken by the province is helping organize the work of economic activities, which flourished in recent times and the reduction of counterfeiting.
He considered the academic Jafar Shammari growing stores of foreign currency (banking), which spread after 2003 without legal licenses is a threat to the economy, and contributes to the smuggling of foreign currency of the country, adding that most workers in the sale of currencies do not have the economic culture because they are the owners of the funds, not from economic efficiencies.
The expert says that the economic high-Wazzan Wasit province has recently seen an increasing number of private banks, and with the increasing number of beneficiaries, what constitutes an economic recovery and trade of the province because of its position to the expansion of trade and economic activities.
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