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Attacks the central banking policy of the tributaries and the rational and tomorrow, "decisiveness"
MONDAY, APRIL 2 / APRIL 2012 14:58
Twilight News / counting the central bank, on Monday, Rafidain and good government, "an obstacle" to the development of the Iraqi banking system which has to cope with Iraq draws to a market economy, revealing a crucial meeting held on Tuesday to restructure State-owned banks.
The deputy governor of the Central Bank of the appearance of Mohammed's " Twilight News "that" the Rafidain and Rasheed in spite of solemn services which Ikdmanha, but they shift to a serious obstacle to the development of the Iraqi banking system, the two dominate 85% of the banking operations. "
"The Rafidain Bank and before the emergence of the Rasheed Bank, it was one of the best banks in the Middle East, and because of the many problems and difficult circumstances that have passed on Iraq has become today provides little only 8 tools," adding that "international banks offer 450 instrument banking, banks, Arab countries provide 45 tool. "
He said the "Ministry of Finance and Central Bank and the Financial Inspection Office and in 2006 signed a memorandum of understanding to restructure the Rafidain and Rasheed."
Saleh revealed that "the Central Bank and the Ministry of Finance in addition to the BSA on Tuesday will hold a crucial meeting to decide on the restructuring of banks, including the restructuring of administrative and financial restructuring."
The Iraqi government is still sticking in its financial transactions which are limited to government banks by 85%.
The majority of banking transactions conducted through governmental institutions are banks, "Rivers" and "good." Private banks were nationalized in 1964, and allowed to operate again in the nineties of the last century, but their activities remain mostly limited to the deposit services and lending profile.
The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh between, earlier, that "the International Monetary Fund expressed his conviction that the financial reforms carried out by Iraq at the level of banking and financial dealings and development."
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