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Starting work Baghdad Economic Forum and banking

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Starting work Baghdad Economic Forum and banking
Search and banking Economic Forum in Baghdad mechanisms to the development of the Iraqi banking sector and open new horizons for investment, as well as anti-bleaching and money laundering and drying up the sources of terrorism
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Iraq - A man uses an ATM machine at a bank in Baghdad, 04Mar2012




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Ahmed Al-Zubaidi
01/11/2013



Launched Friday businessman Forum Baghdad economic and banking the first with broad participation from many departments of private banks Iraqi and Arabic as well as VIP economic Iraqi.

forum aims to encourage the opening of Arab markets to trade and investment and access to investment opportunities and identifying the requirements banking industry and the priorities and challenges facing the financial sector and business in Iraq.

Speaking at the Forum announced the central bank governor and agency Abdel Basset Turki that economic administration in Iraq are moving towards a market economy system, calling for activating the private sector and not to rely on the central bank and make it the main source of foreign currency.

said Turki said the central bank began activating tools regulatory order laundering money coming from abroad, including money coming from crossings Kurdistan region of Iraq.

For his part, Secretary General of the Union of Arab Banks and the International Union of Arab Bankers and Sam Hassan Fattouh The Iraqi banking sector still depends on funding from the public sector, calling to a greater role for the banking sector to contribute to the GDP increases.

so stressed First Deputy Speaker of Parliament Qusay al-Suhail that the recent measures of the Central Bank of Iraq "is not deduced from the Government the private banking sector," noting that it "came to develop this sector, especially after reports from the World Bank indicate that the sector has become negative because of its reliance styles banking old. "

and hold economic forum and banking for the first time in Baghdad and over two days looking through the mechanisms to develop the Iraqi banking sector and open new horizons for investment, as well as anti-bleaching and money laundering and drying up the sources of terrorism.


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