Claims enactment of a law to protect bank deposits
Claims enactment of a law to protect bank deposits
19/02/2014
BAGHDAD / JD / .. demanded that the parliamentary finance committee of the Prime Minister to send the law to protect bank deposits to parliament for discussion and approval, to encourage owners of capital to bid farewell to the big money in the banks.
A member of the Committee Deputy Secretary Hadi told / JD /: “There are claims by economists, investors and owners of capital large and even banks to the enactment of the bank deposits, being one of the important laws that encourage the process of filing financial banks and increase the confidence of investors, local banks.”
He added that the government is required to speed up the sending bank deposits Protection Act to the House of Representatives for the purpose of discussion and approval during the remaining period of the current parliamentary session, calling on the central bank by requiring local banks to increase the interest rate on the money deposited in them.
The project aims to protect the deposits of citizens, in addition to a set of controls that are still working on the central bank, under this law, including the possibility of increasing the capital of private banks through deposits and government ministries.
The Finance Committee had announced earlier that it will soon hold a workshop with experts and bankers, for taking their proposals on this law.
Among the controls set by the central bank earlier in the domestic banks that are not less than the bank’s capital from 250 billion Iraqi dinars.
The total capital of private banks of the 30 banks in the whole of Iraq more than seven trillion dinars. / End / 8 /
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