On: Friday 6/4/2012 6:43
Baghdad / term follow-up
expressed their support for the economists call the central bank released the Rafidain and Rasheed for the Ministry of Finance because of the problems faced by the ministry and that impede the development bank. The economist said Mohammed Yasin, according to Saadi (Rn)
The separation of the Rafidain and Rasheed for the controls established by the Ministry of Finance as the owner is very important and supports the direction of Iraq to address the banking problems and the related difficulty of its association with international banks. "
and added that the Ministry of Finance did not interact administratively has hampered the development of the work of the Rafidain and Rasheed through the continuation of work system instruments, ancient and transfer of funds and the deficit on the implementation of the clearing system electronic. "
and called on the central bank to the separation of the Rafidain and Rasheed for the administration of the Ministry of Finance, while stressing that six banks only started using the clearing system electronic.
He explained that Iraq is working according to the vision of old did not enter the information technology in the the development of banking so far and this is the basic problem. "
, said a member of the Centre the Iraqi market (Rn) It must develop a plan of operation close to reality for the development of the Rafidain and Rasheed properly. "
He pointed out that the problem of the economic system in Iraq that blends work there and Taatkhalt laws, especially in the absence of a law urging the development of government and private banks.
He continued: Ministry of Finance must be played under the auspices and control of the work of banks by economists known who follow developments in the regional banks in order to facilitate coordination between the Iraqi banks.
and the Ministry of Finance announced its pursuit during the next year to develop an integrated plan for the development of government banks and electronic activation of financial relations in this aspect.
For his part, said a member of the Finance Committee Abdul-Hussein al-Yasiri's (Rn) that the banking system in Iraq needs to develop and develop and to constant review and to invite the separation of the Ministry of Finance as an owner for the management of banks must be taken into account in the next phase.
The Yasiri that the Rafidain and Rasheed working now required level, but look forward to their development as it is consistent with the amendments to the laws of economics new.
It is noteworthy that the government is still limited in its financial transactions on the government banks, as they depend by 85%, called upon the Ministry of Finance earlier in the Central Bank of Iraq to take decisive action in granting licenses for the establishment of private banks.
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