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Workshop to address the problems of the central bank banks
11/24/2013 17:09
Iraqi Central Bank held a workshop pursuant about proposals to amend the Banking Act and the law of the Iraqi Central Bank and Amla "
Governor of the Central Bank and the Agency Abdul Basit Turki Saeed In a speech during the opening of the workshop, "stressed the need to amend the law on banks and the law of the Iraqi Central Bank and Amla being one of the obstacles faced by the banking sector "
He added Turki that "the importance of this amendment come to address all the problems and problematic shortage of laws that limit the activity of banks and developmental role, in addition to the Central Bank's role in managing the economy," noting that "the bank is preparing a plan of economic development that will promote the economic reality of Iraq ".
He said Turkish that "there are some problems that limit the work of banks in Iraq, including Article 28 of the Banking Act Iraqi No. 94 of 2004," noting that "the time has come to put the decision amends the article according to the controls and mechanisms available to the central bank."
He Turkish that "the International Monetary Fund drew central banks to play a developmental role in addition to the Bank's work in the monetary policy of their countries," pointing out that "the central bank took this directive, which is preparing a plan of economic development that will promote the economic reality of Iraq."
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11/24/2013 17:09
Iraqi Central Bank held a workshop pursuant about proposals to amend the Banking Act and the law of the Iraqi Central Bank and Amla "
Governor of the Central Bank and the Agency Abdul Basit Turki Saeed In a speech during the opening of the workshop, "stressed the need to amend the law on banks and the law of the Iraqi Central Bank and Amla being one of the obstacles faced by the banking sector "
He added Turki that "the importance of this amendment come to address all the problems and problematic shortage of laws that limit the activity of banks and developmental role, in addition to the Central Bank's role in managing the economy," noting that "the bank is preparing a plan of economic development that will promote the economic reality of Iraq ".
He said Turkish that "there are some problems that limit the work of banks in Iraq, including Article 28 of the Banking Act Iraqi No. 94 of 2004," noting that "the time has come to put the decision amends the article according to the controls and mechanisms available to the central bank."
He Turkish that "the International Monetary Fund drew central banks to play a developmental role in addition to the Bank's work in the monetary policy of their countries," pointing out that "the central bank took this directive, which is preparing a plan of economic development that will promote the economic reality of Iraq."
[You must be registered and logged in to see this link.]
