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BAGHDAD - Shkran Fatlawi
counting the secretary-general of the Federation of Chambers of Commerce Banking Finance by the latter than in the world attributing the cause to the loss of freedom of banking activity and restricted law as what you see boards of directors fit her, pointing out that freedom is missing in the Banking Act of Iraq.
said Abdul-Hussein blessed "morning "The work of banks is limited to deposit and withdraw money without doing provide other banking services to clients as well as the central bank sold the assets of the Iraqi dollar auctions by private banks, pointing out that this work did not achieve the desired end of it and pointed out that the phenomenon gathered a lot of faces themselves at the doors of banks for the purpose of obtaining a small amount by five thousand dollars uncivilized phenomenon and completed unrelated banking activity calling to allocate the money in the business processes right to activate its economic role to be considered important economic power and effective.
adding that private banks do not commercial operations in time which is the work commercially, stressing the need to enable them to do their part, as in other surrounding countries.
wishing on the Council of State to be seen these laws in a scientific manner is especially true in regards to the Banking Act, believing it to be primarily responsible for the deterioration of the banking services.
noted that the parliamentary Economic Committee was has confirmed the need for Iraq to foreign banks in character investment to support the investment process in the country, pointing out that the Iraqi environment need sophisticated banks with high capital and the nature of the investment is to support the process of investment and economic development in the country
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