BAGHDAD / Sky Press: called an expert in financial matters on behalf of Abdul Hadi, Wednesday, restore confidence in banks civil and encouraging the filing in which to support the development process of the country, adding that the government's plan to support the private sector is still shy, as called for the necessity of activating the laws that will the advancement of the Iraqi economy.
Said Abdul Hadi's "Sky Press," "The steps the government in supporting the private sector, still shy despite the central bank's initiative in the granting of loans to banks specialized," he said, adding it is necessary to support the private sector through the issuance of legislation to make it the base engine in economic development process, in addition to the application of customs tariff laws, and protect the national product, and consumer protection. "
"It must restore confidence in banks and encourage specialized deposit funds and involvement in the development processes of the country for the advancement of the country's economy."
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
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