Control “Daash” on the banks reveal the fragility of the government’s protection of banking institutions

Control “Daash” on the banks reveal the fragility of the government’s protection of banking institutions

2014/7/20 03:41:31 PM

Control Daash on the banks reveal the fragility of the governments protection of banking institutionsBAGHDAD / Wi-News

Raised the Islamic takeover of state regulation “Daash” on the banking system in the provinces of Nineveh and Salahuddin questions about the implications of that is due out this development on the banking situation in Baghdad and other Iraqi provinces.

The estimated value of the amounts seized by armed groups to organize about 33 million dollars.

MP for the province of Nineveh nostalgia Qadu said that “armed groups, which controls the Mosul captured about nine billion Iraqi dinars from Iraqi banks in a right coast of the city of Mosul.”

“We also seized 24 billion Iraqi dinars, equivalent to about twenty million dollars, the government of the Rafidain Bank in Baiji, north of Tikrit in Salahuddin province, also seized about six million dollars from the Agricultural Bank downtown Tikrit.”

Experts believe that “the value of these amounts does not affect the work of foreign and private banks in Iraq,” while others considered it “revealed the fragility of the government’s protection of banking institutions.”

The head of the Media Center Economic Dargham Muhammad Ali to talk about the money looted by state regulation as exaggerated, explaining that “what has been taken by a bit due to the adoption of the budget, especially in government banks.”

He pointed out that “the amounts seized by the organization is not the value that affect the work of private banks and foreign banks, because those provinces were considered unsafe environment even before her events.”

And between economic expert that “the overall measurements of the investment environment is not measured by real-time events, but long-term strategic vision,” pointing out that “the continuation of the work of the international oil companies to invest tens of billions confirm the flip side of the positive investment environment in Iraq.”

On the other end was considered Advisor Association of private banks own peace Sumaisem that “control Daash a number of banks in the city of Mosul, reflected negatively on the performance of banks in general, and on the performance of private banks in particular, and the confidence of citizens, whether Iraqi or foreign capabilities of the state to protect the banking system “.

Sumaisem said that “control the feelings of fear, a majority of citizens was because they felt that the protection available to banks and all international facilities is to protect the fragile”, and stressed that “this control has made the foreign investor and the average citizen apprehensive of deposit in banks and loses his confidence devices banking.”

She noted that the control “Daash on foreign banks pushed Bachirfah for some foreign companies that entered as a contribution to the branches of investment in Iraq or entered as a partner for the banks in Iraq to the frequency and withdrawal.”

Economic expert on behalf of Jamil Antoine stressed that the goal of “Daash first is to control the Iraqi banking system.”

“It’s not up yet confirmed information from managers of banks in the city of Mosul, about the size of the amounts that were present in the banks, which had been looted.”

He added Antoine that “private banks in general were not possess large sums in banks Mosul,” asserting that “state regulation spoiled all systems Mosul and ways of working and trading market, paralyzing economic activity in general, but this did not affect the banking situation in Baghdad.”

He stressed that “the banking system in Baghdad is still working his card and leads all of his duties, and this shows that banks put discreet and good and work well and the confidence of its citizens still remain.”

He explained that “the early days of the security crisis experienced by the country prompted some citizens to withdraw part of the balances, but they took her back and found that it is best to keep their money in banks keep with something as simple as they have.”

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