Senior Economist calls for verification of bank joint project with Iran and Turkey,
BAGHDAD / Aswat al-Iraq: economic expert called for peace Sumaisem, Monday, to check the project of establishing a joint bank-side includes Iraq, Iran and Turkey, fearing the impact of the fact that Iran is besieged economically.
The Sumaisem told (Voices of Iraq) that "Iraq can not violate UN Security Council that Iran was besieged economically, which may try to look for outlets, they can go through individuals, not being by the state," a sign that "There are some individuals are listed in the list of prohibitions International."
and called Sumaisem based on the bank to "realize how dangerous that can occur when dealing with such a project because at any moment possible to withdraw these funds, the matter is subject to the issue of money laundering, management and tracking," noting that "on the other hand we can take advantage of this circumstance by taking the conditions profitable for Iraq to be allowed to enter the fields of investment, even as individuals."
The expert said that "the establishment of any bank will activate the movement of funds and absorb the economic crisis or physical," she that "the existence of such banks will open communication channels the movement of global capital and the transfer of banking technology in the world to Iraq."
The Fars News Iran has said, according to the Sound of Kurdistan, said Sunday that Iraq, Iran and Turkey have concluded a memorandum of understanding to establish a joint bank with a capital of $ 200 million dollars, "indicating that the representatives of the three countries held a meeting last Thursday on the sidelines of their participation in the gallery construction of Iran International in Tehran, and they concluded a cooperation agreement between the three countries.
and that the goal of the agreement is to provide facilities to move heads of funds among them are slated to be the opening of the branch the main bank in Iran, as well as the opening of secondary branches in Turkey and Iraq.