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Economic Expert Criticizes the Failure to Keep Up Banking Operations in the Modern World

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Baghdad, criticized the economic
expert, contrary goldsmith inability of banks, Iraqi to attract
investors, pointing to the existence of backwardness and clear to keep
up banking operations in modern world.



Jeweler said (to the Agency news)
today: that the Iraqi banks are unable to attract foreign investors to
work on the development of this sector to the lack of sufficient capital
for the advancement, confirming the existence of backwardness and
clearly in Iraqi banks to keep pace with progress in the world.



He added that the private banking
sector in Iraq is restricted to laws and regulations of the Central Bank
in the nature of the work of banks, in addition to government
regulations that were states not to deal with private banks, which led
to obstruct its work.



He called economic expert to repair
the structure of banking sector, public debt-ridden and loans that are
distributed to citizens.



The Director-General of the Warka
Bank Muhammad al-Samarrai was attributed not to open branches of foreign
banks to Iraq, for lack of material resources, human and non- the
presence of banking relationships abroad.



Samarrai said in an earlier statement
(of the Agency news): You may not Iraqi banks to open branches of
Foreign Affairs because of the lack of economic resources, human and
banking relationships abroad.



The Samurai: The theme of the opening
of branches outside of Iraq is to be for the purposes of competitive so
it must have the possibilities that are positioned to compete with
international banks.

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