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28/08/2011
BAGHDAD - The cries
amid mounting calls for giving greater powers to private banks, to operate according to what meets the aspirations of the Iraqi economy, which adopted a free market economy in the new career. In order to implement a positive outcome to be that given the sector's actual role in the process of rehabilitation of the economic reality, which sing the reality of a bank developed at this stage.
to that count Economist Ahmed Abreha raise the ceiling of the credits offered by private banks, the government is good and positive because it will stimulate imports and help Ttaiwiraml banks in the banking of foreign trade.
The Economic Commission in the Prime Minister has revealed that she would soon put the controls that are approved under which private banks to open credits for investment projects and development of up to (4) million dollars U.S. after the roof was limited to two million dollars.
The Abreha's (news): »Raising the roof credits offered by private banks, the government is good and positive because it will contribute to the revitalization of the movement of imports, especially since the duration of the process of opening credits previously been a long time the lack of many windows in Iraq«.
The Abreha: » We need a precipitant of such credits, but we can not to put the blame on the economic, not even the prime minister for the fact that these possibilities of Iraqi banks, noting that it was supposed to have a planned program since the past years to upgrade the banks through capital increase money, efficiency and new technologies «.
It is noteworthy that some experts considered that the amount of (4) million dollars is not enough only to finance projects without the middle and will be funded with obtain the high interest of private banks local to mention that Iraq has no need for this type and level of projects
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