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BAGHDAD / follow-up to the East: He is an economist need to speed up the amendment of laws and legislation for the work of Iraqi banks to keep pace with the evolution of banking systems world. Said an economist in the Ministry of Finance Crescent Taan in a statement to the National Iraqi News Agency: "It is necessary to keep pace with Iraqi banks evolution in systems, the global banking through review of legislation and laws for the work of banks, whether governmental or civil. "He said: that the House has the power to the enactment of the uniform of the banks or the enactment of the private banks to government and other banks to the civil one at a time," noting that the approach the broader is toward the enactment of a unified law for banks. was Taan called in earlier to issue a new law on banks, civil or amendment of the Banking Act to regulate the work to take its real economic development. He told the National Iraqi News / Nina / "The Banking Law No. 28 prevents all banks , whether public or private, from practicing any commercial activity outside the banking business, so the law needs to be amended to take private banks true role in the development of the country's economy through the commercial, as well as banking. "and" The work of private banks now The purchase money orders treasury of the Ministry of Finance and profit from its benefits, this work actually achieves profits of a fake serve the departments of banks and do not serve the economy Ichee. "said Taan that" private banks need to raise capital is also to be able to grant loans and advances and re-entry into the world of money because the role of departments these banks is currently limited to the issuance of decisions and control to achieve a personal goal is profit only. "
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