Deposit guarantee law key to activate investments through banks
Department: economic Posted on: Tuesday, 21:32
While signing problem in economic sectors bye of the developed world is proceeding to find outlets out of them with a description of treatments needed by the competent authorities.
And here begins the economic task forces on a high degree of experience in the private and public sectors to actually study and describe solutions.
Global economies often face several problems, the most important is the lack of financing for production and service sectors, and begin the quest for cash assets deposits inside or outside the country and are preparing programs and plans aimed at these reservoirs in order to employ them as beneficial to the economy.
In Iraq now face the problem of insufficient financing for important projects and vitality that touches the life of society and raise the level of services provided, as well as projects to support the national economy whose productive projects that can take sustainable characteristics.
Today we realize that money stashed away in homes exceeding 20 billion dollars and that a large number of course and can contribute to achieving sustainable economic development and change the Iraqi economy while being transported from the houses to the banking system.
You must turn towards the developed world to stand upon their experiences in this joint and adopted mechanisms of rose mn citizens' confidence in the banking sector and became 90 percent of their cash in circulation at the disposal of the bank machine.
Iraq is in dire need of work teams from the relevant authorities and it's fine if there is international participation, and this group's mission is to find formulas home deposit funds to persuade the banking system and make them contribute to the real development process.
As long as we determine our true purpose in Iraq to achieve sustainable development, it must support the work of the proposed enactment teams ensure an active deposit contributes to the feeling of applicant trust his money and guarantee his rights.
We're talking about a rich country able to achieve sustainable development and effective if combined employ money strictly implement action plans on the ground contributes to maximizing the domestic capital and activate the financial cycle that achieve real plurality of resources.
Iraq is a country unique from other countries in the world to own the most important ingredients for making effective and sustainable economy and influential, regionally and internationally,
but it needs point attempted to achieve that which in turn require serious management national development objective.