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Banking expert calls for the government to support private sector
05/02/2012
BAGHDAD / JD / .. student banking expert Aqil al-Rubaie tempted the government to support the private banking sector and to take measures that allow him to invest and contribute to the process of development and construction.
He said al-Rubaie told / JD /, "The private banking sector is facing many obstacles have contributed to freeze its activities, mostly related to the nature of the laws in force that Discourage to invest alongside the government's actions and directions not to encourage government departments to deal with private banks," and urged the government to find ways supportive of the sector encourages him to investment.
And on the fluctuation of exchange rates of the dollar at the expense of the value of the dinar said al-Rubaie said the central bank was able to install the dinar exchange rate during the past four years when he was pumping between 150-350 million dollars a day, the view that has nothing to do between sanctions on Syria, Iran and the absorption of the dollar.
He stressed that the issue of exchange rate fluctuations related to the procedures and lack of central bank pumped Aotkulail dollar amounts that are dumped, prompting the dollar to rise at the expense of the dinar. According to al-Rubaie that the solution is located on the Central and he has to pump the dollar according to a quota, which is to return to the system that moved him five years ago, pumping $ 200 million to banks every day to settle at the point at which she had, because 35 to 40 million people need millions of dollars to import food and other basic requirements, / Finished
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05/02/2012
BAGHDAD / JD / .. student banking expert Aqil al-Rubaie tempted the government to support the private banking sector and to take measures that allow him to invest and contribute to the process of development and construction.
He said al-Rubaie told / JD /, "The private banking sector is facing many obstacles have contributed to freeze its activities, mostly related to the nature of the laws in force that Discourage to invest alongside the government's actions and directions not to encourage government departments to deal with private banks," and urged the government to find ways supportive of the sector encourages him to investment.
And on the fluctuation of exchange rates of the dollar at the expense of the value of the dinar said al-Rubaie said the central bank was able to install the dinar exchange rate during the past four years when he was pumping between 150-350 million dollars a day, the view that has nothing to do between sanctions on Syria, Iran and the absorption of the dollar.
He stressed that the issue of exchange rate fluctuations related to the procedures and lack of central bank pumped Aotkulail dollar amounts that are dumped, prompting the dollar to rise at the expense of the dinar. According to al-Rubaie that the solution is located on the Central and he has to pump the dollar according to a quota, which is to return to the system that moved him five years ago, pumping $ 200 million to banks every day to settle at the point at which she had, because 35 to 40 million people need millions of dollars to import food and other basic requirements, / Finished
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