Disclosure of draft laws to develop the banking sector
Disclosure of draft laws to develop the banking sector
5-16-2024
Information / Baghdad..
Representative Mahma Khalil revealed today, Thursday, the imminent enactment of several laws to develop the banking system in Iraq.
Khalil told Al-Maalouma, “The banking sector suffers from neglect compared to international banks, indicating that rehabilitating the banking sector needs more legislation.”
He added, “Iraqi banks have lagged far behind international banks, which are witnessing major developments day after day in their use and reliance on modern technological means.”
He pointed out that “complying with international laws and controlling dollar smuggling are not sufficient steps to reach the level of ambition and help compete with developed countries.”
almaalomah.me
