Importance of isolating the banking sector by the Central Bank to regulate and develop the work
Finance parliamentary: the importance of isolating the banking sector by the Central Bank to regulate and develop the work
29-08-2013 11:58 AM
Baghdad (news) .. Deputy Prime Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, the need to isolate the banking sector by the Central Bank through the creation of a special body dealing with banks for the purpose of organizing its work and development. said Faizullah (of the Agency news): The CBI did not achieve the desired objectives in the organization, control and develop the work of the Iraqi banking sector because of concern the monetary policy of the country, and how to support the stability of the exchange rate of the Iraqi dinar. said: that most of the developed countries including the United States of America has a major financial institution dealing with the banks own, so you must isolate the Iraqi banking sector by the Central Bank after the establishment of an independent private banks interested in banks and is working to develop. mentions that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) banks Islamist addition to (6) of foreign banks. / End
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