Member of the Committee for economy and investment: legislation not entering the local banks to international banks

Baghdad (newsletter).Return economy and Investment Committee member of iraqiya MP//Qusay Juma Abadi, because of the inability of the Iraqi banks from entering the market for global banks to exercise banking legislation legal developments for the banking sector.

He said Ebadi (News Agency): the general banking law (94) of 2004 and retarded Act is old and does not provide an opportunity for Iraqi banks operate investment and development, making their work is limited to deposits and banking.

He added: to be reviewed by the General Law on banks by the Central Bank and other legislation relating to banks to support and develop the work of the bank branches, to be able to access global markets and practice developments in banking