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Thursday April 24, 2014 Time: 20:56
Requiring official circles to accept the instruments of private banks deliver a widely
04/24/2014
The earlier decision of the Economic Commission reactions characterized by welcoming in economic circles. The executive director of the Association of private banks, ultra-Nasser Hassan Radio Free Iraq, said the decision "will serve to guide local private sector companies and foreign towards the private banks in their dealings with ministries and government agencies, and this should prevent routine withdrawal of instruments of ratification of the government banks." explained Director of Planning and financial management in the Ministry of Finance Hilal Taan his part that "the decision to compel government institutions to adopt instruments of private banks step will strengthen the confidence of the official banks own, and contribute to raise their capital." But the vice president of the Federation of Iraqi businessmen Bassem Jamil Anton pointed out that "the government departments do not still refuses to adopt instruments issued by private banks, "while stressing" the need to follow the decision to commit ministries and official bodies to accept those instruments "in order to avoid the possibility of the occurrence of corruption and support for the private sector." On the other hand called economic expert Abdirahman Mashhadani private banks to "exercise caution and precision in their dealings with government agencies, to earn their trust. " According to the Association of private banks in Iraq now 27 licensed banks waged increase their capital to 250 billion Iraqi dinars.
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Requiring official circles to accept the instruments of private banks deliver a widely
04/24/2014
The earlier decision of the Economic Commission reactions characterized by welcoming in economic circles. The executive director of the Association of private banks, ultra-Nasser Hassan Radio Free Iraq, said the decision "will serve to guide local private sector companies and foreign towards the private banks in their dealings with ministries and government agencies, and this should prevent routine withdrawal of instruments of ratification of the government banks." explained Director of Planning and financial management in the Ministry of Finance Hilal Taan his part that "the decision to compel government institutions to adopt instruments of private banks step will strengthen the confidence of the official banks own, and contribute to raise their capital." But the vice president of the Federation of Iraqi businessmen Bassem Jamil Anton pointed out that "the government departments do not still refuses to adopt instruments issued by private banks, "while stressing" the need to follow the decision to commit ministries and official bodies to accept those instruments "in order to avoid the possibility of the occurrence of corruption and support for the private sector." On the other hand called economic expert Abdirahman Mashhadani private banks to "exercise caution and precision in their dealings with government agencies, to earn their trust. " According to the Association of private banks in Iraq now 27 licensed banks waged increase their capital to 250 billion Iraqi dinars.
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