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Expert holds the Ministry of Finance responsible for not dealing with government departments, private banks
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Posted 07/03/2012 08:28 PM
BAGHDAD / follow-up to the East: Download economist Husam Obeid and the Ministry of Finance responsible for the non-treated state departments with private banks, according to the decision issued by the so require. Said Chairman of the Board of Directors of Banks (Economics for Investment and Finance) in a press release received the Agency (news) copy of it : The question 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 for junior. He said: 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, having met the Minister of Finance the current Rafie al-Issawi more than once and brought us our voices to government officials for the purpose of cancellation of this decision But unfortunately we did not find fallen on deaf ears. Obaid said: "We have dealt with 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 said, it is up to the existence of failures in the work of some private banks and that the decision of his ministry came a service to the public interest, "he continued: 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 supports it, while we find here all government departments and including the Central Bank abandoned the private banks , especially since the Ministry of Finance still sticking to its position on the negative of these banks.
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Number 5 views
Posted 07/03/2012 08:28 PM
BAGHDAD / follow-up to the East: Download economist Husam Obeid and the Ministry of Finance responsible for the non-treated state departments with private banks, according to the decision issued by the so require. Said Chairman of the Board of Directors of Banks (Economics for Investment and Finance) in a press release received the Agency (news) copy of it : The question 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 for junior. He said: 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, having met the Minister of Finance the current Rafie al-Issawi more than once and brought us our voices to government officials for the purpose of cancellation of this decision But unfortunately we did not find fallen on deaf ears. Obaid said: "We have dealt with 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 said, it is up to the existence of failures in the work of some private banks and that the decision of his ministry came a service to the public interest, "he continued: 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 supports it, while we find here all government departments and including the Central Bank abandoned the private banks , especially since the Ministry of Finance still sticking to its position on the negative of these banks.
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