CBI: Investment law needs revamped; Prevents flow of Iraqi capital abroad
CBI: There is no law legislator has so far prevented the flow of the Iraqi capital abroad
The Central Bank of Iraq’s investment law allowed investors to enter heads their money to support Iraq’s economy, while there is no law legislator has so far prevented the flow of the Iraqi capital abroad, noting that it is one of the grossest errors, the right of the national economy of the country.
Deputy Governor of Bank of the appearance of Mohammed in favor of the National Iraqi News / Nina / yesterday that the chaos of trade in Iraq was to ensure flows of capital abroad under the pretext of import, which allowed to leave the capital investment that Iraq needs to rebuild the infrastructure.
He noted that the Ministry of Commerce is able to adopt the law of import licenses to determine Who is the merchant who enters the real task of goods needed by the country already, and the merchant manipulated Almterbh of the introduction of goods harmful to poor citizens.