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Central Bank: the establishment of branches of the Rasheed Bank without our big mistake
Date: Monday 09/24/2012 07:42 am
Baghdad / bright Asadi
as it seeks the Ministry of Finance to establish a branch of the Rasheed Bank in Kurdistan counting deputy central bank governor appearance of Mohammed Saleh so without the consent of the bank a big mistake.
Saleh said in a statement singled out the "long" that "the opening of any branch of the Bank of Iraqi the country must first obtain the approval of the central bank, "noting that" skipping the central bank is a big mistake, "adding," We look to the Iraqi market as a single banking market transient regions and provinces. "
Saleh pointed out that "there is no harm in opening a branch of the Rasheed Bank or Iraq in Kurdistan or in any province of the country", following that "there is a memorandum of understanding signed between the Minister of Finance and the Governor of the Central Bank, to oversee and follow-up banking supervision, did not get used banks pass Central Bank to open branches and that "banks have an annual plan for branches made by the central bank, and possibly in 2013 and during the presentation of a plan Rasheed Bank Annual will be germane regarding branch Kurdistan," and that "the Rasheed Bank was not accustomed to the offense before."
He Saleh "The opening of a branch of any bank must obtain the approval of the central bank to be granted the license to open the branch, to be under the supervision of the Bank and within his responsibility, and if exceeded, the bank is not responsible for that section, and possibly involved laundering money or something like that," adding that " What is happening now is the order and pave the initial overture central bank, the fact that the Ministry of Finance is the owner, and representing Iraq from Zakho to the FAO, and the central bank is supervising authority. "
This welcomed Saleh step opening a branch of the Rasheed Bank or Mesopotamia in the province, returned this step is important to provide Banking for the largest possible number of people.
For his part, the decision to economic and investment commission in parliament, the Kurdistan Alliance MP Khalil Mahma NOC province opened a branch of any bank in Kurdistan, noting that not approached the central bank on opening a branch of the Rasheed Bank so far is the existence of consultations and formats between Federal Ministry of Finance and the Ministry of Finance in the Kurdistan region.
Khalil said in an exclusive statement to "long" that "the province does not mind opening a branch of any bank in Kurdistan, as has branches of banks Kurdistan in Baghdad," noting that "no overture Central Bank for opening a branch of the Rasheed Bank is the presence of consultations and formats preliminary between Federal Ministry of Finance and the Ministry of Finance in the Kurdistan region. "
Khelil said that "the Iraqi economy is free and depends on the government and private banks, and we frankly in the Kurdistan region with the private banks," noting that "economies World of strategic dimension of economic and investment encourages private banks, and there is no in any country in the world a government bank except the central bank in each country, "explaining that" the banking sector in the country backward and not the level of ambition and the level of economic transformations and the requirements of the Iraqi economy, and not the level of ambition of investors and movement money also. "
and increased Khalil that "the Constitution gives powers to the province to exercise its private investment and the movement of the market of its own, so find investment in the region is active, and economic movement there more transparent about what they are in the center, in addition to the Kurdistan region gives great facilities for capital money. "
and added that "banks in the region may vary with the rest of the Iraqi banks depending on their mindset and infrastructure and freedom of movement and security conditions, and similar with the common goal which is to maintain the value of the Iraqi dinar first, and make a profit within the parameters specified by the Central Bank of Iraq II," noting that "the Central Bank is responsible for all the banks, so it is that controls the exchange rate of the dinar and the rest of the banks to do so, and that the existing banks in Iraq, whether governmental or civil entirely dependent on the exchange rate and pumped central bank foreign currency."
He pointed that "Iraq's economic strategy geared towards the planning and building of the banking sector, and the state must begin the rehabilitation and building of financial institutions in order to be ready to accommodate the circumstances and economic transformations.
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