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Iraq in the coming years will be the bank market of new trends in economic activity (PFP)

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dealerdean


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Baghdad/Iraq News Network-expected Iraqi banks, representative of the Economic Commission of the Council of Ministers, Chairman of the North Bank for finance and investment nozad Dawood, Iraq should be over the next few years, a Bank of new trends in economic activity, the private banking sector a central role corresponds to the features of the sector strategy. today: "this expectation was based on the desire of many foreign banks to operate in Iraq, most notably the US city/sunset/and/Standard Chartered British and/g My Morgan that "describing the move cursor to an important stage to strengthen relations and partnership with foreign banks and take advantage of its expertise in the development of Iraqi banks and the possibility of introducing a new style contexts of performance in the Iraqi banking market particularly under Iraq's exit from the provisions of Chapter VII." everyone looks to be the same dimensions and suggestions help Iraqi banks to meetAnd which confuse its contribution in development and keeping up with modern technology to provide the best services to beneficiaries. "dry called Iraqi banks to benefit from the expertise of international banks which are intended for Iraq to open branches, and in areas that develop expertise on how to deal with the data produced by the financial crisis, as well as the means of operating capital and deposits of citizens in the projectsLinked to economic development, and the unemployed and expand funding and investment. and ruled out the development of economic activity away from the sophisticated banking sector with experience in dealing with local and global developments, "which requires the amendment of laws that allow the Iraqi banks in a new meet ambitious." and on the monetary policy applied by the Central Bank of Iraq during his supervision and follow-up of the ongoing activity of Iraqi banks,Dry finds "that the data that emerged after the Central Bank Act No. 56 of 2004 and the Banking Act 94 of 2004, confirming that the Central Bank of Iraq clearly succeeded in achieving the objectives of the monetary policy adopted by the Central and especially at the level of continued monetary and inflation and improving the Iraqi dinar exchange rate, foreign currency reserves to support the country's economic future." WACD "the importance of supporting the steps and measures that seek to set up a higher Council for economic reform, laying the foundations for building a solid national strategy adopts a transition to the Iraqi economy to the market economy and the expansion of the Iraqi banking sector's contribution to development, the Council includes representatives from the Council of Ministers, the economic and Financial Committee in the lower House, the Central Bank, and experts on economic activity."

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