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Economist Ministry of Finance holds the responsibility for not dealing with government departments, private banks
Wednesday, 07 March / March 2012 09:11
Baghdad {: News} Download the Euphrates, an economist and Chairman of the Board of Directors of the economy for investment banks and finance Husam Obeid and the Ministry of Finance is responsible for not dealing with government departments, private banks, according to the decision issued by the so require.
Obaid said in a statement received by the agency {Euphrates News} a copy of it on Wednesday that "the issue away the ministries and government departments to deal with private banks private originated 4 years ago when the Ministry of Finance issued a decree banning dealing ministries and government departments with these banks to coincide with the failure of some banks in the banking business due to lack of staff and lack of expertise and not to keep up with modern technology, especially for junior staff. "
He explained that "there is an explicit decision of the Ministry of Finance issued at the time of former Minister Baqir Jabr Al-Zubaidi provided to prevent the government departments to deal with private banks."
"We have gathered with the current Finance Minister Rafie al-Issawi more than once and brought us our voices to government officials for the purpose of cancellation of this decision, but we unfortunately did not find fallen on deaf ears."
He said Obaid, "we put our question to the Minister of Finance in the Washington Conference the first of the purpose and feasibility of preventing government departments from doing business with private banks, he replied that it is up to the existence of failures in the work of some private banks and that the decision of his ministry was service to the public interest."
He said in the statement, "note that we during our visit to Washington at the time and found 235 banks U.S. suffer from the failures in their work and the Fed is working to address the failures and support while we find here all government departments and including the Central Bank abandoned the private banks, especially as the Ministry of Finance still sticking to its position the negative of these banks. "/ End
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Wednesday, 07 March / March 2012 09:11
Baghdad {: News} Download the Euphrates, an economist and Chairman of the Board of Directors of the economy for investment banks and finance Husam Obeid and the Ministry of Finance is responsible for not dealing with government departments, private banks, according to the decision issued by the so require.
Obaid said in a statement received by the agency {Euphrates News} a copy of it on Wednesday that "the issue away the ministries and government departments to deal with private banks private originated 4 years ago when the Ministry of Finance issued a decree banning dealing ministries and government departments with these banks to coincide with the failure of some banks in the banking business due to lack of staff and lack of expertise and not to keep up with modern technology, especially for junior staff. "
He explained that "there is an explicit decision of the Ministry of Finance issued at the time of former Minister Baqir Jabr Al-Zubaidi provided to prevent the government departments to deal with private banks."
"We have gathered with the current Finance Minister Rafie al-Issawi more than once and brought us our voices to government officials for the purpose of cancellation of this decision, but we unfortunately did not find fallen on deaf ears."
He said Obaid, "we put our question to the Minister of Finance in the Washington Conference the first of the purpose and feasibility of preventing government departments from doing business with private banks, he replied that it is up to the existence of failures in the work of some private banks and that the decision of his ministry was service to the public interest."
He said in the statement, "note that we during our visit to Washington at the time and found 235 banks U.S. suffer from the failures in their work and the Fed is working to address the failures and support while we find here all government departments and including the Central Bank abandoned the private banks, especially as the Ministry of Finance still sticking to its position the negative of these banks. "/ End
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