Parliament seeks to legislation to protect bank deposits and the central bank is required to support private banks
Parliament seeks to legislation to protect bank deposits and the central bank is required to support private banks
01.12.2014 (0:01 pm)
Baghdad / Acer Jabbar
Confirmed the parliamentary Finance Committee, seeking to pass legislation that protects bank deposits to reassure depositors and stimulate the private banks, and when he called on bankers to set up a company involved in this matter to open the door to their banks to enter the domestic market more aggressively, welcomed the financial expert so, and stressed the need to make way for the sector Special to exercise “leadership role” in the national economy.
said a member of the parliamentary finance committee, Magda al-Tamimi, in an interview to the (long-Presse), said that there is “a series of measures adopted by the Commission to improve the economic reality through the stability of the Iraqi currency against other currencies,” and suggests that “the central bank tries to maintain the stability of the banks, especially the civil, through regulations and instructions issued by every now and then.”
adds Al-Tamimi, “The Finance Committee has not only the stability of the banks, but also seeks to develop the civil ones and ensure their participation in building the Iraqi economy by about real increase their capital, by deposits, which often come from the ministries of the state and its various institutions, as well as deposits of citizens “, showing that” the owners of these deposits were probably wary of resorting to banks in general and the civil ones in particular, to the Committee felt the need to enact a law guarantees those deposits and protected. ”
explains a member of the parliamentary Finance Committee, that “the central bank would be obligated to protect bank deposits through the law that Sicherah Parliament later, allows the citizen or the investor or the government itself, that the money is deposited in private banks without fear or suspicion,”
and change course “no deny that many people, including government agencies, they look even now some kind of suspicion of domestic banks, especially that there is a bitter experiences with them, as happened previously with the bank Basra and Warka after it announced Avlasshma, from here there must be a law secures bank deposits. ”
and welcomed the owners of banks civil endeavor of Parliament to enact a law that protects bank deposits, and called for the establishment of a company specializing in this regard to opening the door to private banks to enter the Iraqi market strongly.
says the managing director of United Bank for Investment, Muhannad Al Qasim, in an interview to the (long-Presse), it was “necessary to have a system modern and sophisticated to guarantee bank deposits if this is through the development of a private company contribution of big capital, “and shows that” the establishment of a company to guarantee bank deposits were the main demands of the majority of private banks to raise their betterment and reassure depositors. “is the denominator, that” setting up a company bank guarantees to contribute , based on the claim of many private banks to secure bank loans, contributed to the expansion of lending activity for the various segments of the society to strengthen the national economy, “he continues to” set up a company to protect bank deposits step added in the right direction for the development of the reality of private banks and encourage the various parties to deposit it. ”
to it supported the Financial experts proposal set up a company to protect bank deposits, Adin, that gives private banks momentum plus refreshes the Iraqi economy.
says financial expert, Bassem Jamil Anton, in an interview to the (long-Presse), “The government is protecting the Iraqi economy by about solo , without giving the private sector a chance to contribute in this regard, “and asserts that” the advancement of the national economy requires the activation of the private sector and enable it to his leadership. “and sees Anton, that” legislation of any new law, whether to protect the deposits or other, should be directed to the private sector , and at the same time be a factor to secure support in order to ensure that no cons in this area. ”
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