it demanded the private banks association, Monday, to speed up legislation to protect the financial deposits to support the financial assets in the domestic banking law, noting that this law will encourage companies and owners of capital to bid farewell to their money in banks.
The executive director of the Association Abdul Aziz Hassoun's "Sky Press," that "all countries in the world have the law take care to ensure the financial deposits of citizens and companies and owners of capital in the banks," pointing out that "Iraq needs legislation to protect the financial deposit law under the current security conditions experienced by the country. "
"The government is ready with the law since 2005, but the House of Representatives legitimizes not in spite of its importance," calling on Parliament to "accelerate legitimizes to encourage public companies and investors to bid farewell to their money in local banks and increase mutual trust."
The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property between (7) and state banks (30) Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks.
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