29/08/2016 (00:01 pm) - hits: 135 - count (3727)
Business: banking monopoly on friends and Government responsibility
Attributing businessmen and specialists in financial affairs, Sunday, mismanagement of Iraq's banking sector to "control of financiers and exploiting funds deposited by bank managers", and carried a central Government responsible for the "deteriorating economic situation in the country to lack of planning and management", confirmed that "banking monopoly of friends and acquaintances.
Said the President of the Union of Iraqi businessmen willing to blibel (long press), that "mismanagement in the banking sector due to the control of financiers is of the exploitation funds deposited by some bank managers for their investment and contrary to law."
He said Iraqi businessmen Union Member Abdul Hassan, in an interview with frozen yogurt (range), that "this problem to be borne by the Central Government being late on payments to people in addition to organizing economic process in the country and led to the collapse of the process, saying that" the Central Bank was supposed to solve this problem."
Frozen yogurt, "stressed manipulation depositor by some private banks," returned "grave error committed by these banks."
Part of the representative of the Center for international private enterprise in Iraq, from me talking to God (long press), that "non-banking the banks' real problem was one of the reasons being given to become friends and bank managers knowledge without studying."
The CBI revealed, Monday (1 August 2016), about receiving State banks until next September, to adapt herself with systems and electronic trading, while the proportion of beneficiaries and users of those dealings in Iraq "not later than" 10 percent, outweighed the potential contribution of expanded use of orientation and take advantage of 77% of the mass of cash outside banks and get rid of cash circulation problems.
The Central Bank had announced on Wednesday, (22 June 2016), not to deal with the demands of customers who did not submit customs declarations for their imports or who adopted the rigging, with banks and money transfer companies committed to submit the names of those customers for uncles to prevent access to foreign currency in the future.