The Iraqi News Agency Independent / Baghdad / a. M ... Consider a government official that the Iraqi banking sector is not efficient because the banks are not the facilities and the rest of the banking operations
The head of the Securities Commission Abdul Razzaq al-Saadi of the reporter (and independent Iraqi news agency) that Iraqi banking sector is inefficient, and banks are not the facilities and the rest of the banking operations and lacks the necessary possibility of lending for the purposes of development and in turn the expected
And that Saadi Work in the securities needed to settle cash in banks, Valtpadl in the Iraqi market for securities sale and purchase is according to two phases, the transfer of ownership of the stock from person to person and place in center of deposit of Iraq and against which there must be pay in cash to the buyer pays Vestelm seller at the same time and this BIS is in cash. "
He said Saadi We in the Iraqi market for securities Tlavia the problem of banking facilities, and we agreed with one of the private sector banks to carry out the settlement timely because the sale and purchase is per second and changed the name of the owner and must be payments real-time and receives a problem in the deal, especially since the conversion we have now are the same today.
He pointed out that "the stock exchange to deal with one bank, while there should be a system includes all banks
He pointed out that al-Saadi Although the Central Bank Banks are still not able to supplement the housing projects and development and are not eligible to supplement these projects with loans or banking facilities.
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