Economists call is supported by the central bank to separate the Rafidain and Rasheed for the administration of the Ministry of Finance

05/04/2012 09:58

Baghdad, April 5 / April (Rn) – The economists expressed their support to call the central bank released the Rafidain and Rasheed for the Ministry of Finance because of the problems faced by the ministry and that impede the development bank.The economist said Mohammed Yasin, Saadi, told the Kurdish news agency (Rn) that “the separation of banking Rafidain and Rasheed for the controls established by the Ministry of Finance as the owner is very important and supports the direction of Iraq to address the banking problems and… the related difficulty of its association with international banks. ” and added that “the Ministry of Finance did not interact administratively has hampered the development of the work of the Rafidain through the continuation of the introduction of instruments of old and transfer of funds and inability to implement the clearing system electronic. ” and called on the Iraqi Central Bank yesterday to the separation of the Rafidain and Rasheed for the administration of the Ministry of Finance, while stressing that six banks only started using the clearing system electronic. He explained that “Iraq is working according to the vision of old did not enter the information technology in the development of banking so far and this is the basic problem. ” , said a member of the Centre the Iraqi market Ihsan Muhammad’s (Rn) that “there must be a practical plan close to reality for the development of the Rafidain and Rasheed properly.” He pointed out that “the problem of the economic system in Iraq as a mix of work in and Taatkhalt laws, especially in the absence of a law urging the development of government and private banks. ” and “The Ministry of Finance must be played under the auspices and control of the work of banks by a team economists known to follow the developments in the regional banks in order to facilitate coordination between the banks Iraq. ” The Ministry of Finance of Iraq for its efforts during the next year to develop an integrated plan for the development of government banks and electronic activation of financial relations in this aspect. For his part, said a member of the Finance Committee Abdul-Hussein al-Yasiri (Rn) that “the banking system in Iraq needs to develop and develop and to constant review and to invite the separation of the Ministry of Finance as an owner for the management of banks must be taken into account in the next phase. ” The Yasi that “the Rafidain and Rasheed working now required level, but look forward to their development as it is consistent with the amendments to the laws of economics new.” The government Iraq is still limited in its financial transactions on the government banks, as they depend by 85%, called upon the Ministry of Finance earlier in the Central Bank of Iraq to take decisive action in granting licenses for the establishment of private banks. of Saman Daza Yei, the Open: Joseph Karwan

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