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Agency news - 21/01/2012
Prime Bank Economics: lifting the seventh item on Iraq would give the Iraqi banks to deal with the international banks
Chairman of the General Economy Bank Husam Obeid on the importance of removing Iraq from Chapter VII as a grant to the Iraqi banks to deal with the international banks.
Obaid said in a statement to the Agency (news) on Saturday: that Iraq is still bound to item VII of the UN, thus affecting the work of Iraqi banks being given a bad reputation in its external and international, which led to the refusal of international banks to deal with Iraqi banks.
He pointed to the slaves: that out of Chapter VII is very important because it gives freedom to deal with international banks, particularly the States represented the UN Security Council, calling the move towards the lifting of the Iraqi economy in order to promote and develop the work of Iraqi banks.
However, in saying: When you raise the seventh item on the Iraq government banks mainly serve the basis that most private banks do not have sufficient means to reach a deal with international banks.
The Chairman of the Bank of the economy: that the United Nations established in the period of the siege imposed on Iraq Bank, Iraq to trade for the purpose of assisting the Iraqi economy and stimulate bank in Iraq, expressing his deep regret that the departments previous banking did not provide any service for private banks through the Bank of Iraq trade but they fought the private banks did not give her some space for the launch of international banks, looking at the financial management of the current to take cons of the previous administration and are reflected in the service of Iraqi banks that provide a public service of the country.
The Iraq when the economic blockade imposed on him in the nineties of the last century, was placed under Chapter VII of the UN, making it restricted his actions and financial transactions with the State.
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Prime Bank Economics: lifting the seventh item on Iraq would give the Iraqi banks to deal with the international banks
Chairman of the General Economy Bank Husam Obeid on the importance of removing Iraq from Chapter VII as a grant to the Iraqi banks to deal with the international banks.
Obaid said in a statement to the Agency (news) on Saturday: that Iraq is still bound to item VII of the UN, thus affecting the work of Iraqi banks being given a bad reputation in its external and international, which led to the refusal of international banks to deal with Iraqi banks.
He pointed to the slaves: that out of Chapter VII is very important because it gives freedom to deal with international banks, particularly the States represented the UN Security Council, calling the move towards the lifting of the Iraqi economy in order to promote and develop the work of Iraqi banks.
However, in saying: When you raise the seventh item on the Iraq government banks mainly serve the basis that most private banks do not have sufficient means to reach a deal with international banks.
The Chairman of the Bank of the economy: that the United Nations established in the period of the siege imposed on Iraq Bank, Iraq to trade for the purpose of assisting the Iraqi economy and stimulate bank in Iraq, expressing his deep regret that the departments previous banking did not provide any service for private banks through the Bank of Iraq trade but they fought the private banks did not give her some space for the launch of international banks, looking at the financial management of the current to take cons of the previous administration and are reflected in the service of Iraqi banks that provide a public service of the country.
The Iraq when the economic blockade imposed on him in the nineties of the last century, was placed under Chapter VII of the UN, making it restricted his actions and financial transactions with the State.
[You must be registered and logged in to see this link.]
