Baghdad Economic Forum recommends the development of civil laws on banks
Recommended banking Baghdad Economic Forum, Sunday, expand to banking legislation and the introduction of a number of laws relating to civil banks at the conclusion of its work in the capital, Baghdad.
The governor of the Central Bank of Iraq and Abdul Basit Turki Agency for “obelisk”, “The Baghdad Economic Forum concluded in the capital of Baghdad after it was recommended to expand to banking legislation and the introduction of a number of civil laws on banks.”
Turki added that “Forum also recommended the consolidation of efforts between the private banks and the Iraqi government in the sectors of finance to contribute to the development of the investment sector in general.”
Turki pointed out that “the recommendations also included expansion of banking legislation and the introduction of a number of laws relating to the work of joint stock companies and private banks and a mechanism to deal with the Iraqi Central Bank to allow a wider flexibility in financial transactions.”
The economists said earlier, that there negligence and clear by the Iraqi government for domestic banks operating in the country, due to the absence of laws regulating the work and stand before them, urging the government to legislation all laws banks eligibility and provide bond support by the central bank to end the crisis trust between private banks and citizens.