The parliamentary Finance Committee: end of debate preparations new legislation Iraqi banks

She is a member of the parliamentary Finance Committee on the Kurdistan Alliance MP Najib Risalat "finishes preparations to discuss a new law legislation with the Central Bank to promote the reality of Iraqi banks.

Najib said today that the Committee had concluded its readiness to discuss the legislation of a special law regulating the banks being run by old laws do not serve the process of economic development of Iraq now. "

It was hoped the parliamentary Financial Committee held a Conference in July last to identify bugs in the old legislation for governmental and private banks, but it has been postponed.

According to the Economist in the Ministry of finance can Crescent, "the current Iraqi banking law is restricted by previous laws limiting the effectiveness of banks in the process of economic development needed by Iraq," he said in a statement to the national Iraqi news agency/Nina/"the enactment of the new banks became necessary because Iraq future overall economic development."

"It is necessary to expedite the promulgation of the new law in line with the new economic movement of opening up to the market economy".

Najib had said earlier in a statement to a Conference in mid-July last to identify faulty banking legislation of governmental and private banks. /4 finished


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