Committee on Economic Affairs in the Council of Ministers recommends to deposit part of the Rafidain and Rasheed money with private banks

04/02/2015 15:01

Issued to the recommendations of the Committee on Economic Affairs on the government and the private banking sector, the deposit contains part of the Rafidain and Rasheed money with private banks.

The recommendations also stated that the special private banks to invest that money in investment projects in accordance with the economic feasibility and the specific mechanisms and guarantees of studies, the central bank introduced a draft deposit guarantee the necessary speed.

The recommendations included the establishment of the Ministry of Finance and the Central Bank of Iraq and the Iraqi Trade Bank of firing amounts of appropriations according to the contexts globally applicable, and not suspended or delayed when the support you received the items, urged own private banks to create partnerships with international banks for the purpose of strengthening the developmental role of the country and create investment opportunities and to run their hands working.

It recommended that the Committee on Economic Affairs, chaired by Deputy Prime Minister Ruz Nuri Shaways intensify efforts by private banks on civil educate citizens to deposit their money in banks rather than keep them indoors, and to promote trust between the citizen and the banks.

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