Current central bank law does not endorse the financial sector and should be amended

A member of the Economic Committee: current central bank law does not endorse the financial sector and should be amended

Date: 24/12/2012 12:28:22 Monday

Baghdad (news) .. The member of the Economic Committee MP / coalition in Iraq / Qusay Fri, to amend the law on the Central Bank of the current, he is not in line with the developments in the world, particularly in the financial sector.
Juma said (of the Agency news): The Central Bank Law streaked lot of paragraphs which block the action of the Central and Iraqi banks, and needs to be edited because it does not help to support and develop the financial sector in the country. added: must be amended central bank law passed years (2004) formula helps banks to perform its duty banking to contribute to the economic development, calling for the use of Laws and regulations international banks to strengthen the role of the sectors in finance and banking in the country. law passed CBI on March 6 / March 2004, and was one of the objectives to maintain price stability, and support the steady growth of the national economy. / end / 8. d. Q /

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